Stock Market Winners & Losers: Nasdaq Rises for a 3rd Day | Has Time Run Out for TikTok? | Subscription Hopping is the New Channel Surfing

Winner: Nasdaq rises for a third day
The Nasdaq Composite rose thanks to Tesla's post-earnings surge, marking its third consecutive gain. Meanwhile, the S&P 500 dipped slightly. Tesla's 11% climb came after announcing plans for more affordable electric vehicles, boosting investor optimism. Visa also saw a jump in its stock on the back of strong revenue from increased credit card usage. Overall, a robust earnings season is expected to boost market confidence.

Other Stories
A Women’s Only Sports Bar? Call it the Caitlin Clark effect. With success of women’s sports growing and a new investor, the Sports Bra makes plans to franchisea women's sports focused bar

Winner: Has time run out for TikTok?
Congress passed a bill that could ban TikTok in the U.S. by 2025 unless ByteDance sells it within a year. President Biden is expected to sign it today. ByteDance plans to challenge the law, arguing it violates free speech. The law mandates a sale within nine months, with potential extensions. China's approval is required for any sale, and it's unlikely. Former Treasury Secretary Mnuchin is forming an investor group to possibly buy TikTok. A ban could benefit Meta Platforms' Instagram and Alphabet's YouTube.

Winner: Subscription hopping is the new channel surfing
"Serial churners," who switch between streaming services to save money, are increasing. About 30 million subscribers canceled three or more streaming subscriptions in the last two years, making up 40% of new subscriptions and cancellations in 2023. Surprisingly, a third of them returned to the service they canceled within six months. Streaming services are adapting by offering incentives, like Peacock's discounted subscriptions before big events. Netflix is shifting focus from reporting subscriber numbers to emphasizing engagement.

#RobBlackShow #RobBlack #Stocks #Viral #Trending #stockmarket #Market #Finance #Investing #Investment #MarketsUpdate #News
Learn More https://linktr.ee/RobBlack