Stock Market Winners & Losers: S&P 500 Falls as Alphabet Earnings Hit Tech Shares | Meta Faces State Lawsuits Alleging Harm to Young Users | Travis Kelce Says He Was ‘Near Dead Broke’ His Rookie Year

Loser: S&P 500 falls as Alphabet earnings hit tech shares
• The Nasdaq Composite and S&P 500 fell Wednesday as a pullback in shares of Alphabet following its latest results led the broader technology space lower.
• The benchmark 10-year Treasury yield is back above 4.90%.
• Alphabet shares tumbled more than 8% as its cloud business missed analysts’ estimates.
• Microsoft shares are gaining after results beat Wt estimates.
Other Topics
• California suspended General Motors’s Cruise unit from operating driverless vehicles in the state, saying they’re not safe for public roads and that company officials misrepresented the details of an accident with a pedestrian.
• Adjustable-rate mortgage demand hits highest level in nearly a year. 30-year fixed-rate mortgages increased to 7.90%. The average contract interest rate for 5/1 ARMs increased to 6.99%
• Apple raises price of Apple TV+ to $9.99 a month. Apple One, the bundle package, with the top end Premier package now costing $37.95 a month. Apple’s Arcade and News+ monthly prices are also increasing.
• Californians are the nation’s highest tippers. California residents leave the largest gratuity in the US, with an average tip percentage of 22.69%.
Loser: Meta Faces State Lawsuits Alleging Harm to Young Users
• The attorney generals of 41 states and the District of Columbia just unfriended Mark Zuckerberg.
• Meta was slapped with a sprawling lawsuit alleging it intentionally designed Instagram and Facebook with addictive features it knew were harmful to younger users,.
• The suit states Instagram creates “ compulsive use,” that disruptive design features interfere with “young users’ education and sleep,”
• Meta’s own internal research, concluded that its platforms does present mental health risks to a young users.
• Nearly one-third of teenage girls admitting that Instagram warped their perception of their bodies.
• This might finally force Meta to create guardrails via
• Age Gating social media similar to alcohol and driving licenses
Loser: Travis Kelce says he was ‘near dead broke’ his rookie year
• Kansas City Chiefs tight end Travis Kelce was “damn near dead broke.
• Despite a contract worth $3.12 million and a $703,304 signing bonus,
• He said he bought Nike Air MAG ‘Marty McFlys’ for about $10,000.
• “The dumbest thing I ever bought with my rookie money was bottles in the club,” Those can cost thousands of dollars.
• He eventually had to avoid his rent lady.
• No longer broke. Following a five-year $46 extensions million he signed another deal worth just over $57 million.
• He also makes an estimated $3 million a year outside of football

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