Spot, Space, Lulu, and other items

Check out the latest market movements as several companies have been making headlines in midday trading. Lululemon saw a 2% decline following a downgrade by Wells Fargo to equal weight from overweight. The firm cited the completion of Lululemon’s prior positive catalysts and predicted more muted growth in 2024. On the other hand, shares of…

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Morgan Stanley believes China’s equivalent of Spotify is not receiving enough recognition.

Tencent Music Entertainment Hits Record 100 Million Music Subscribers in China Tencent Music Entertainment (TME) is making significant strides in attracting more paying music subscribers in China. The company recently announced that its online music subscribers surpassed 100 million for the first time since TME listed in the U.S. in late 2018, during the July-to-September…

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NewEdge Wealth experiences increasing record demand

The record-setting surge in gold prices is expected to continue through the end of the year, according to Ben Emons, NewEdge Wealth’s head of fixed income. Emons anticipates a surge in the demand for gold in December, historically and especially when there is a rally in the stock market in November. Gold recently reached a…

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