STOCK MARKET NEWS: Fed’s inflation gauge, Virgin Orbit ceases operations, Bed Bath & Beyond spirals

Shares of the merger partner of Donald Trump social media company jumped in premarket trading the morning after the former president was indicted.

Trump, the frontrunner to be Republican nominee in 2024, was indicted by a Manhattan grand jury after an investigation into hush money paid to porn star Stormy Daniels during the 2016 campaign. "It might seem counter intuitive ... but Donald Trump's indictment might actually make him more electable with a certain portion of U.S. voters," Danni Hewson, analyst at AJ Bell, said."If more people are talking about Trump, more will gravitate to his social media platform and there's likely to be a lot more cash swelling the coffers of his campaign budget.

Shares of video-sharing platform Rumble Inc, popular with conservatives, gained after posting a near seven-fold jump in quarterly revenue.

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Stocks making the biggest moves premarket: Bed Bath & Beyond, Nikola, Virgin Orbit and moreThese are the stocks posting the largest moves before the bell. At this point it should be a crime for BBBY to have a share offering. Nothing is bringing this company back to life. It's over. Not one investor should put $1 into them. You will just end up losing.
Source: CNBC - 🏆 12. / 72 Read more »

Virgin Orbit stock plunges after report says company will cease operationsVirgin Orbit Holdings Inc. reportedly plans to cease operations and lay off roughly 90% of its staff, according to a Thursday afternoon CNBC report. Its... How many people did you fleece with this shit chamath? After a company ceases operations- it would be odd if their stock surged!
Source: MarketWatch - 🏆 3. / 97 Read more »