Heard on the Street
Twitter needs its bet on paying users to pay off
Despite Twitter’s pronounced effort to pivot into new spaces, its stock has been in freefall lately.
Section
Stocks
Earnings
Pinterest’s monthly active users declined in the third quarter, but show signs of stabilizing
By Olivia Morley Pinterest Inc. said its monthly active users (MAUs) declined to pre-pandemic levels in the September quarter, but have been stable since then.
Company Insights
Chewy CEO Hints at Future Brick and Mortar Locations – It’s a Potential Cat-astrophe
Angela Palumbo In a recent interview with Fortune, Chewy Inc. (CHWY) CEO Sumit Singh did not deny the possibility of the company opening retail locations in the future.
Company Insights
General Motors plans to beat out Tesla by 2025
By: Keira Wingate General Motors Co (GM) is stepping on the gas in the electric vehicle race (EVs).
Personal Finance
Young investors are hoping for another meme stock rally at the cost of fundamental market literacy
Lucas Ravazzani comes from a financially literate family. His father has worked in investment banking for decades in the U.S. and abroad.
Company Insights
Pinterest Bets on Video to Lift Engagement, Appeal to Younger Users
By Olivia Morley Pinterest Inc. (PINS) is pivoting to a video strategy in a bid to attract creators and Gen Z users, the company’s chief executive said on its latest earnings call.
Company Insights
Chewy to Launch Marketplace for Veterinarians to Sell Pet Meds
Angela Palumbo Chewy INC (CHWY) said in a recent press release that it’s launching an online pharmaceutical platform for veterinarians to order prescription medications for their clients.
Company Insights
General Motors takes a big step towards an all electric vehicle future
By: Keira Wingate General Motors President Mark Reuss revealed three all-new motors and five interchangeable drive units known as “Ultium drive” for its electric vehicles during a Mackinac Policy Conference on Sept.
Stocks
The delta variant has hindered the airline rebound but a recovery is still underway
The delta variant has caused the long-awaited airline rebound to stall in recent months, but analysts are optimistic that a recovery is still underway.
Stocks
Plant-based Food Sales Are Soaring While Some Plant-based Stocks Are Tanking.
American consumers are buying more plant-based foods than ever before but some plant-based stocks are wildly underperforming the market.
PayPal
Mobile payment stocks are still on the rise, but losing momentum
By: Olivia Morley Stocks of mobile payment companies, some of the beneficiaries of the pandemic, are losing momentum even though the pandemic is dragging on.
Stocks
Wall Street betting on sports
By K. Jared Wright Casinos are re-opening for business amid COVID-19, and the legalization of sports betting in over half the country has business booming.