Month: April 2024

Starbucks Shares Plummet 12% After Disappointing Quarterly Earnings Report

Starbucks faces a setback with a 12% drop in shares due to disappointing quarterly earnings. CEO Laxman Narasimhan acknowledges the challenges ahead as same-store sales decline across all regions, including a 3% drop in the U.S. market and a 6% decline in China. Despite missing Wall Street expectations, Starbucks remains optimistic about addressing current challenges and future opportunities.

Stock Market Today: Dow slumps 570 points to end worst month since September 2022 as Fed decision looms

Stock Market Today: Dow slumps 570 points to end worst month since September 2022 as Fed decision looms. April saw mixed performances among the Magnificent Seven companies, with Meta Platforms Inc. facing a double-digit drop and Alphabet Inc. rallying. Tesla Inc. made gains, while Nvidia Corp. experienced a retreat. Inc. is expected to finish the month with a modest decrease, showcasing the ongoing dynamics in the stock market.

Super Micro Raises Full-Year Revenue Forecast Amid High Demand for AI Technology

Super Micro raises full-year revenue forecast due to high demand for AI technology, with revenue surging by 200% year over year. Despite falling slightly below consensus, the company remains optimistic about future growth. CEO Charles Liang expresses confidence in the growing customer base and strong demand for AI technology, with a revised fiscal 2024 revenue guidance showing substantial year-over-year growth projection. Super Micro’s stock has seen a remarkable 205% increase this year, outperforming the S&P 500 index, positioning it as a key player in the server market.

Intel’s Gaudi 3 Chip Projections Disappoint Investors

Intel’s Gaudi 3 chip falls short in sales projections compared to Nvidia, causing disappointment in the market. Despite underwhelming performance, Intel has promising products like the Lunar Lake lineup. Analysts have a consensus Hold rating on INTC stock, with potential upside of 29.15% based on an average price target of $39.96 per share.

The Return of the ‘It’s Gonna Be May’ Meme with Justin Timberlake

Social media users are eagerly awaiting the return of the iconic ‘It’s gonna be May’ meme featuring Justin Timberlake as April transitions to May. Originating from NSYNC’s hit song ‘It’s Gonna Be Me,’ the meme trend started on Tumblr in 2012 and has since spread across various social media platforms. Timberlake himself joined the meme craze in 2020 during the COVID-19 pandemic. In a recent interview, Timberlake revealed that the unique pronunciation of ‘me’ as ‘May’ was suggested by a producer due to the Swedish accents of the songwriters. With May approaching, users are already sharing the meme, highlighting the fun and creativity of online communities.

Kelly Clarkson Forgets Own Song in Hilarious Game Moment

Kelly Clarkson, the pop star, had a funny moment on The Kelly Clarkson Show when she forgot she sang her own hit song ‘Stronger.’ Anne Hathaway joined in on the fun as they played a game of Pop Pop Quiz. Despite the mix-up, Clarkson’s humor and Hathaway’s charm made for an entertaining segment, highlighting the joy of entertainment.

Melissa McCarthy Stuns in Mint Green Gown at Center Theatre Group Gala

Actress Melissa McCarthy stuns in a mint green gown at the Center Theatre Group’s gala, showcasing her impressive weight loss of 75 pounds. McCarthy’s journey to self-acceptance and confidence serves as an inspiration to many, emphasizing the importance of letting go of constant worries and rigid expectations.

PartyNextDoor Announces Sorry, I’m Outside Tour Dates for P4 Album

PartyNextDoor has officially announced the dates for his Sorry, I’m Outside Tour in support of his upcoming fourth album, P4. The highly anticipated tour kicks off on June 19 in Phoenix, Arizona, with tickets now available for presale. Don’t miss the chance to witness PartyNextDoor’s electrifying performances!

Tensions Rise in The Bold and the Beautiful as Sheila’s Life Hangs in the Balance

In the latest episode of The Bold and the Beautiful, tensions rise as Finn and Deacon rush to save Sheila’s life, while Ivy Forrester’s return to Los Angeles shakes things up with a potential love triangle. As Sheila fights for survival and Ivy’s reunion with Liam sparks trouble, viewers are in for a dramatic confrontation with significant consequences.

Kendrick Lamar’s ‘Good Kid, M.A.A.D City’ Spends 600 Weeks on Billboard Chart

Kendrick Lamar makes history as the first in his genre to spend over 600 weeks on the Billboard Hot 200 chart with his iconic album, Good Kid, M.A.A.D City. Despite being snubbed by the Grammy Awards, the album’s enduring popularity showcases Lamar’s timeless artistry and cultural impact in the music industry.