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GameStop makes layoffs as video game retailer looks for profitability boost

GameStop Corp. has been cutting jobs, the video game retailer and original meme stock said this week.

Jamie Dimon sells $32 million in JPMorgan Chase stock as shares vest

JPMorgan Chase & Co. Chief Executive Jamie Dimon has sold another batch of stock about a month after he raised $150 million through an earlier insider transaction.

Chicago business-activity index weakens for fourth straight month in March

The Chicago Business Barometer, also known as the Chicago PMI, weakened further in March, dropping to 41.4 from 44 in the prior month. Economists polled by the Wall Street Journal forecast a 45 reading.

Pending home sales inch up in February. Realtors are worried about U.S. home prices rising faster than incomes.

U.S. pending home sales rose 1.6% in February, the National Association of Realtors said on Thursday.

‘We are blessed’: My mother, 72, gets $11,000 a month, not including income from retirement savings. Should she get long-term care insurance?

“She worked for 25-plus years as a county nurse and, as such, she has a healthcare plan and a great pension, both for life.”

Jobless claims fall slightly to 210,000, underscoring strong labor market

The number of Americans who applied for unemployment benefits last week fell slightly to 210,000 and continued to hover at very low levels in a sign of strength for the economy.

AMC shares fall 13% as movie theater chain announces stock sale

Movie theater chain and original meme stock AMC wants to boost liquidity “in light of the low first quarter box office”

GDP in fourth-quarter raised to 3.4% due to stronger consumer spending

The final reading of U.S. growth in the 2023 fourth quarter was raised to a 3.4% annual pace, reflecting a surprisingly resilient U.S. economy.

Palantir’s ‘egregiously rich valuation’ draws downgrade to sell

Monness Crespi Hardt analyst cuts AI technology company’s rating to bring it ‘back to reality’

Oil prices bounce higher, on track for solid quarterly gains

Oil futures rose Thursday, on track for solid quarterly gains.

Walgreens books a $5.8 billion charge, sees challenging retail environment

Profit beat expectations by the widest margin in at least five years, but the stock fell as the full-year outlook was lowered.

Tesla has had a ‘nightmare’ first quarter amid weak China demand, says this longtime bull

Wedbush’s Dan Ives trims his stock-price target to $300 from $315 after a “perfect storm” of issues.
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