Stock Market Winners & Losers: Stocks Flat Waiting for Big Tech Earnings | Trump Media Shares Halted in Volatile Trading | Sports Fan Enjoy Immersive Cosm Experience
Apple on Thursday. Home prices climbed 4.2% year-over-year through August, indicating a still-expensive market requiring strong earnings to maintain momentum.
JPMorgan is suing customers over a TikTok-viral glitch in August that allowed people to withdraw funds from ATMs before deposited checks cleared. Two individuals and businesses took out $661,000 using counterfeit or forged checks.
Hoka shoes continue to rise in popularity, with sales jumping over 35% last quarter to a record $571 million, while Nike’s stock remains down more than 27% this year. In other news, teen marijuana use has dropped from 23.1% in 2011 to 15.8% in 2023, even as the cannabis industry thrives with $40 billion in sales and 440,000+ employees.
Trump Media’s stock surged over 21% on Monday, experiencing multiple trading halts due to volatility. The stock has skyrocketed 224% this month, largely driven by pro-Trump investors betting on his election chances. Trump’s stake in Truth Social is now valued at $6 billion, more than half his net worth.
In entertainment, Cosm introduced an immersive experience that brings fans closer to live sports through a 360-degree LED dome. The venue, which mimics being at the game, has dynamic pricing similar to concerts, with ticket prices starting at $22 and reaching $434.50 for the best seats at Game 3 of the World Series. Cosm, which has locations in Los Angeles and Dallas, also covers other major sports events and features restaurants outside the dome.
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