This Week in Markets: GDP Revision Up, Jobless Claims Fall, Reddit Slides Further

The final estimate for Q4 GDP growth in the U.S. is revised up to 3.4%, fueled by robust consumer spending and nonresidential fixed investment.

This continued trend of low unemployment benefit applications indicates a strong economic environment.) stock is falling for the second consecutive day as short-sellers reportedly set their sights on the company. Following its impressive debut last week, which saw a notable surge in its share price, the social media company attracted significant short-selling activity in its initial days on the market.

However, the company expressed optimism, anticipating demand trends to pick up throughout fiscal 2024. For the coming year, RH predicts a demand increase of 12% to 14% and revenue growth between 8% and 10%.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is Now Time to Buy Humana Stock?Stocks Analysis by Investing.com (Davit Kirakosyan) covering: Humana Inc. Read Investing.com (Davit Kirakosyan)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

These Overlooked Mid-Cap Gems Are Ripe for a ReboundStocks Analysis by Investing.com (Davit Kirakosyan) covering: ACADIA Pharmaceuticals Inc, Cable One Inc. Read Investing.com (Davit Kirakosyan)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Reddit goes public in the most Reddit of waysOnce considered among the dark alleys of the internet, social media platform Reddit, now almost 20 years old set up a Thursday public stock offering to raise nearly $520 million on a company valuation of $6.4 billion.
Source: KSLcom - 🏆 549. / 51 Read more »

Reddit shares close 30% up following social media company's IPOReddit shares were up about 30% to $59.80 at the market's close on Monday.
Source: CNBC - 🏆 12. / 72 Read more »