Stock Market Winners & Losers: Stocks Rebound From Worst Session in a Year | Americans Spend Big on Valentine’s Day | Restaurants Make More Money on Valentine's Day
Winner: Stocks rebound from worst session in a year
Stocks rose as Wall Street tried to claw back some of the steep losses suffered in the previous session.
Lyft shares jumped 35% after the ride-hailing company posted better-than-expected earnings.
The market was overbought. There is still some vulnerability in the near term for some corrective action but we are no tlikely headed for a decline in excess of 10%
Uber and Lyft drivers plan Valentine’s strike for fair pay. More than 130,000 workers are expected to refuse rides to and from airports in 10 US cities from 11am to 1pm today.
Loser: Americans spend on Valentine’s Day
Love is priceless.
It seems consumers are planning to be more frugal but, perhaps, a bit more romantic this Valentine's Day, Federation.
Americans will spend about $25.8 billion on the holiday this year – just a tick down from $25.9 billion last year.
Valentine's Day spending peaked at $27.4 billion in 2020.
A record $14.2 billion will be spent on partners or a record $101.84 per person.
Ages 35-44 sweet spot for Valentine's spending at $137 with the 65 plus crowd spending only $61 Generation X comes in at $111 per person
Loser: Restaurants make a lot more money on V-Day
As hard as it may be to get a reservation on Valentine’s Day, restaurants prepare virtually the same amount of food.
But while the chefs and dishwashers may not be much busier, the checks are 34% higher.
#RobBlackShow #RobBlack #Stocks #Viral #Trending #stockmarket #Market #Finance #Investing #Investment #MarketsUpdate #News
Learn More https://linktr.ee/RobBlack
