Palinved @Palinved: "❇️📈Reddit Surges on OpenAI Partnership:..."

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❇️📈Reddit Surges on OpenAI Partnership: Key Takeaways ➡️Reddit $RDDT (Reddit Inc) : 🔹Stock price jumped 12% premarket following the announcement of a new partnership with OpenAI. 🔹This partnership allows OpenAI access to Reddit's vast data for AI development through the Data API. 🔹Reddit users and moderators will benefit from new AI-powered features. 🔹OpenAI will become a Reddit advertising partner. ➡️China's Housing Market: 🔹The Chinese government is taking significant steps to stabilize the struggling housing market. 🔹Measures include: ▪️Easing mortgage rules by lowering down payment requirements (15% for first-time buyers) ▪️Local governments purchasing homes for affordable housing conversion ▪️Increased efforts to ensure completion of unfinished homes ➡️Cracker Barrel $CBRL (Cracker Barrel Old Country Store Inc.) : 🔹The company is slashing its dividend by over 80% to fund restaurant renovations and menu updates. 🔹Stock price is down more than 10% premarket. 🔹Cracker Barrel expects weaker financial results in Q3 and Q4 2024 due to lower traffic. ➡️Other News: 🔹U.S. stock futures are down premarket. 🔹Cannabis stocks are rising premarket following potential marijuana reclassification news. ➡️Additional Notes: 🔹The Dow Jones briefly crossed 40,000 points but closed slightly lower on Thursday. 🔹Bitcoin $BTC price remains flat around $66,000. ➖➖➖➖➖➖➖➖➖➖➖ Portfolio Performance: ❌ 2022: -9.63% ✅ 2023: +39.72% ✅ 2024: +15,98% 🎯 2-Year (2Y) Yield: +46.45% Risk Score: 4️⃣ ➖➖➖➖➖➖➖➖➖➖➖ $SPY $SPX500

5 Mentioned

RDDT

Reddit Inc

CBRL

Cracker Barrel Old Country Store Inc.

BTC

Bitcoin

SPY

SPDR S&P 500 ETF

SPX500