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GameStop surges as 'Roaring Kitty' posts upcoming livestream Jun 6, 2024 02:26PM

(Reuters) - Shares of GameStop surged over 30% on Thursday after the online stock influencer known as "Roaring Kitty" posted on YouTube that he would hold a livestream on Friday.

Thursday's surge was the latest in a bout of volatile trading in the struggling videogame seller's shares that kicked off last month after the influencer, whose real name is Keith Gill, returned to X.com after a three-year hiatus.

The "Roaring Kitty" channel on... (continue reading...)


Meta's WhatsApp launches new AI tools for businesses Jun 6, 2024 02:05PM

By Dani Morera and Andre Romani

SAO PAULO (Reuters) -Meta launched its first AI-driven ad targeting program for businesses on WhatsApp, according to a press release Thursday, as it tries to wring revenue out of the popular chat service, the company announced at a conference in Brazil.

CEO Mark Zuckerberg announced the new tools in a video which was exhibited during the event.

The announcement marks a shift for WhatsApp, an... (continue reading...)


Netflix tests biggest TV app redesign in 10 years Jun 6, 2024 01:10PM

By Lisa Richwine

LOS ANGELES (Reuters) - Netflix started rolling out the first major revamp of its television app in a decade on Thursday, testing changes designed to help viewers more quickly decide what they want to watch.

The video streaming pioneer wants to increase the time that viewers spend on the app to help retain customers and draw subscribers to its new, lower cost plans with advertising.

Company research showed... (continue reading...)


Mortgage Rates Pull Back - Freddie Mac (FMCC) Jun 6, 2024 12:01PM

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.99 percent.

“Mortgage rates retreated this week given incoming data showing slower growth,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates are just shy of seven percent, and we expect them to modestly decline over the remainder of 2024. If a potential buyer is looking to buy a home this year,... (continue reading...)


Midday movers: Lululemon, Lyft rise; Five Below, Victoria's Secret fall Jun 6, 2024 11:50AM (Updated - June 6, 2024 11:50 AM EDT)

Investing.com -- U.S. stock futures traded in tight ranges Thursday following the release of weekly initial jobless claims data, ahead of Friday’s key nonfarm payrolls report. Today's data hinted at more softening in the labor market.

Here are some of the biggest U.S. stock movers today:

  • Nvidia (NASDAQ: NVDA) stock fell 1.7%, paring gains after the artificial intelligence chip designer’s market cap topped $3 trillion during the... (continue reading...)


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