The gaming industry slows as gamers disconnect back to reality

Gaming sales are falling as gamers disconnect and come back to reality — coupled with a pending recession impacting spending. What’s the big deal? Gaming companies just can’t catch a break. During COVID, they couldn’t meet high demand due to supply chain issues. Those issues are finally easing, but now gaming demand is falling. The…

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Social media platforms have a common enemy — The Big Apple who’s expanding its ad business

Apple (NASDAQ:AAPL) — now making up 7.3% of the S&P 500, the highest for any company since 1980 — is testing concepts from electric vehicles to virtual reality in search of its next growth engine. Exciting, but Apple’s developments may involve something a little more vanilla… Hey Siri, how’s the supply chain doing? Supply chains…

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America’s housing shortage is getting better, and also worse

The U.S. has been dealing with a housing shortage that drove up home and rental prices. But recent data shows rising rates are impacting home sales — a sign the housing market is cooling. Per Realtor’s July housing report, the national inventory of active listings rose 30.7% compared to the previous year — the highest…

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Did the market bottom? Stock prices say one thing, analysts say another

One week, the U.S. enters a technical recession. The next week, markets are ripping on positive inflation data. What should investors believe? Markets staged a strong recovery from June’s market lows — so strong that the tech-heavy Nasdaq is now considered in a bull market (20%+ gain). These sectors lead the market after a sharp…

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Traders get bullish ahead of the Ethereum Merge, piling into call options

In less than three months, investors have gone from a state of extreme fear to becoming aggressively bullish on crypto. Nearly three months ago, one of the largest crypto projects, Terra/Luna, blew up — erasing over $60B in market value and setting off a chain of liquidations. Since mid-June, crypto markets have staged a significant…

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Here are the takeaways from July’s inflation report

July’s Consumer Price Index (CPI)— a broad measure of consumer price for goods and services — was released yesterday, and the numbers were better than expected. Annually: Prices increased 8.5% from a year ago — down from June’s 9.1% increase. Monthly: Prices were unchanged from the previous month. What’s the big deal? Yesterday’s report was…

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AMC surges ahead of $APE stock dividend despite weak movie theater traffic

AMC’s CEO is putting on his best Maverick impression — telling his loyal investors to believe in him as he pushes AMC beyond its limits. His plans to issue new $APE shares have analysts divided over the company’s future. Theater traffic remains well below 2019 levels Summer blockbuster Top Gun: Maverick shattered records — topping…

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How will the Inflation Reduction Act impact the clean energy sector?

The Inflation Reduction Act is on its way to the House for voting (likely to pass) — before making its way to Biden for signing. The bill has major implications for the clean energy sector… $370B over 10 years will be available for climate and clean energy investments — estimated to reduce U.S. carbon emissions…

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AppLovin proposes merger with Unity Software to create a full-stack game development giant

Yesterday, AppLovin (NASDAQ:APP) — proposed a merger with Unity Software (NYSE:U) in an all-stock deal — valuing Unity at $20B. What’s the big deal? Unity Software’s development tools help render 3D graphics — powering 50% of all video games. AppLovin helps developers grow and monetize their mobile apps. Combined, the two could create a $35B…

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