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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“The Psychology of Money” author Housel offers guidance for apprehensive investors

Morgan Housel, the author of “The Psychology of Money,” is aiming to ease investor concerns about market downturns by emphasizing their inevitability. In a recent interview on CNBC’s “ETF Edge,” Housel, a behavioral finance expert and partner at the venture capital firm the Collaborative Fund, highlighted this as one of the key themes of his…

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