Jack In The Box, Inc.
86.98 - 89.635
53.88 - 97.99
Join Discuss about JACK with like-minded investors
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market ignore the falling ceiling, everyone know at the end of the day they will get some jack to push it up.now
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I'd still guess they wait until the final possible moment > @Pal said: Are these govt jack holes going to reach some kind of resolution on the Debt ceiling or are they going to screw around and royally f things up first?
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Are these govt jack holes going to reach some kind of resolution on the Debt ceiling or are they going to screw around and royally f things up first?
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By Tom Westbrook SINGAPORE (Reuters) -Decades-long foreign bullishness on China's capital markets is breaking down, investment flows and interviews with fund managers suggest, with a new era of uncertainty fuelled by geopolitical risks and U.S. investors especially wary. There have been ample excuses to buy China as the world's second biggest economy gathers steam. Post-pandemic recoveries in exports, property and shopping have run harder than expected. Stock market returns are solid. Jack Ma's reappearance and plans to break up his Alibaba (NYSE:BABA) empire were also seen as ending a few years of regulatory crackdowns. But big, long-term foreign investors, are missing. Their absence, and asset managers' reasons for it, reveal a wariness in the investment community over how to price new risks for capital as China becomes a great power and a great U.S. rival. It is unlikely to be resolved quickly even if the markets keep rallying and China economy keeps global growth ticking. "It's around capital preservation, not really the returns," said Hayden Briscoe, Asia-Pacific head of multi-asset portfolio management, at UBS Asset Management in Hong Kong. "Foreign money at the moment, particularly from the U.S., is reluctant to invest," said Briscoe. He himself is positive on China, but said many managers are steering clear after seeing wartime sanctions erase the value of Russian investments. "(They are) still looking at geopolitical risk and the Russia experience recently probably makes them more tentative than they normally are." Data paints a murky picture, but supports brokers' analysis that the bid from long-only money managers is absent. Flows figures show net foreign buying of about 188 billion yuan ($27 billion) this year. That is large, but most of that was crowded into January when "fast money" hedge funds were riding momentum as COVID rules relaxed and markets rallied. Allocation analysis from data firm EPFR shows a broad downtrend, especially to U.S.-domiciled China funds. Allocation to those hit a record low last October and has been falling on an annual basis for four years, EPFR figures show. HSBC research says global funds are underweight on China and Bank of America (NYSE:BAC) has noted the effect on market dynamics. "Without the long term anchoring investors, the H-share market becomes more volatile, driven by the ins-and-outs of 'quick money'," said Bank of America's chief China equity analyst Winnie Wu after surveying some 30 Hong Kong funds. GAME CHANGER The investment mood reflects political discomfort in the West with China's rise. Competition with the U.S., in particular, has intensified from trade spats to strategic rivalry that has prompted export and investment bans on Chinese chipmaking and other sectors seen as militarily important. Multi-national firms are also re-making their supply chains to avoid such heavy reliance on Chinese manufacturing, trends investors say change the risk-reward calculus on the country. "Virtually from 2000 until pre-COVID, it was all a one-way bet for China," said Ashley Pittard, head of global equities at Pendal in Sydney. "But the game has changed," he said. "They've been the manufacturing hub of the world...(but) the pendulum has shifted. It's not as clean as it used to be...it's not as easy as just throwing money at the big cap Chinese stocks." To be sure, sentiment can shift quickly and plenty of investors remain willing to invest in China and are positive on the outlook - including, for example, sell-side analysts at Morgan Stanley (NYSE:MS) and other major U.S. banks. EPFR figures show allocation to China funds outside the U.S. has increased for two years and mainland markets' recent performance has also been encouraging. Since late October, when rumblings of a shift in China's COVID policy began, the CSI 300 blue chip index and the Shanghai Composite are each up more than 13% against a 6% gain for the U.S. S&P 500 over the same period. "We've come to this conclusion that the rally is maybe one half to one third of the way through. We still think there is opportunity for investors," said Robert St Clair, head of investment strategy at Fullerton Fund Management in Singapore. "The key signpost that will keep the rally going, and that’s what we're watching, is when earnings expectations start to revise upwards." Still, others' hesitancy can be self-fulfilling, if lacklustre flows hold back performance and fail to offer compelling reasons for foreigners to leave their home markets. "We're positive on China over the short term but our long term outlook is neutral to negative," said John Pearce, chief investment officer at Australia's A$115 billion ($75 billion) UniSuper. "As it's impossible to quantify geo-political risks we don't attempt to," he said. "Our reservations about China's long-term investment prospects are based on our outlook for returns to capital." ($1 = 6.9024 Chinese yuan renminbi or 1.4981 Australian dollars)
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"Go back Jack do it again." one of their best lyrics.
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_"(Il Sole 24 Ore Radiocor Plus) - Milano, 29 mar - Chiusura in rialzo per le Borse europee, che sembrano avere accantonato i timori dei giorni scorsi provocati dalle crisi bancarie, facendo leva sulle rassicurazioni dei regolatori. Piace inoltre l'annuncio che Sergio Ermotti tornera' alla guida di Ubs per gestire l'aggregazione con Credit Suisse e il rilancio del gruppo. Gli investitori hanno comprato anche i titoli tecnologici, spinti da alcune notizie sul settore: sembra sia tornato il sereno tra la cinese Alibaba e il governo, con l'annuncio che il gruppo si dividera' in sei e con il ritorno sulla scena del fondatore, Jack Ma. In piu' la tedesca Infineon ha rivisto al rialzo le stime per fine anno. Milano ha chiuso in progresso dell'1,56%, mentre lo spread si e' portato a 182,3 punti (da 185) e il rendimento dei Btp a dieci anni al 4,14% (da 4,13%)."_
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By Xie Yu HONG KONG (Reuters) - Global stocks rose and the dollar softened on Tuesday, as a deal backed by the U.S. regulator for First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.6% by early afternoon Hong Kong time. U.S. stock futures, the S&P 500 e-minis, rose 0.1%. Australian shares jumped around 1%, as lithium and commodity stocks rallied sharply after battery metals explorer Liontown Resources rejected a $3.7 billion buyout bid from Albemarle (NYSE:ALB) Corp. Top U.S. banking regulators said on Monday they planned to tell Congress that the overall financial system remains on solid footing after recent bank failures, but will comprehensively review their policies in a bid to prevent future collapses. As fears eased, so did demand for the safest assets with the U.S. dollar index - which gauges the currency against six peers - off 0.14% to 102.6 during Asian trading, extending Monday's 0.35% drop. Asian currencies broadly firmed, with the Malaysian ringgit hitting a five-week high. The concerns, however, haven't completely gone away as Federal Reserve Governor Philip Jefferson said on Monday that stress among small banks could hit small businesses hardest. "This round of uncertainty that we're seeing, it will likely continue for some more time," said Manishi Raychaudhuri, Asia-Pacific head of equity research at BNP Paribas (OTC:BNPQY). "We haven't seen the end of it." He expects continued volatility for global markets going forward for at least one or two quarters. In addition to concerns about any contagion caused by developed market banking woes, markets have also been jostled by wild shifts in expectations about what central banks in the United States and Europe might do next, Raychaudhuri said. "On one day, the market expects maybe a 25 basis points or maybe a 50 basis points rate hike. Just in a matter of one or two days, that outlook is changed to 50 basis points rate cuts in the second half of the year," he said. In China, the benchmark was almost flat, while the Hong Kong benchmark added 0.5%, as the re-emergence of Alibaba (NYSE:BABA) founder Jack Ma on Monday helped to quell some concerns of its private sector after a bruising two-year regulatory crackdown. "Ma's return to business would be a strongly positive sign for China’s tech industry," said Brock Silvers, chief investment officer at private equity firm Kaiyuan Capital. "But the reason behind Ma’s reappearance isn't yet clear... Market watchers will quickly deduce whether Ma's visit was a one-off event or perhaps something more," he said. In early European trade, the pan-region Euro Stoxx 50 futures rose 0.32% and German DAX futures and FTSE futures both added around 0.3%. On Monday, the S&P 500 ended slightly higher as a deal for Silicon Valley Bank's assets helped to boost bank shares, while technology-related stocks dipped amid profit taking after a strong quarter. U.S. Treasury notes nursed some losses by Monday early afternoon. Yields rose overnight on optimism that stress in the banking sector could be contained and as the Treasury Department saw soft demand for a sale of two-year notes. Benchmark 10-year yields slipped to 3.5129%, down from its U.S. close of 3.528% on Monday. Two-year yields slipped to 3.9324%. They are higher than the six-month low of 3.555% hit on Friday but well below the almost 16-year high of 5.084% hit on March 8. By Tuesday afternoon, oil prices softened with U.S. crude dipping 0.08% to $72.75 a barrel. Brent crude fell to $77.79 per barrel. Overnight, oil prices rose more than $3 on Monday as a halt to some exports from Iraq's Kurdistan region added to worries about oil supplies while a U.S. banking acquisition eased worries that financial turmoil could hurt the economy and curtail fuel demand. Gold was slightly higher. Spot gold was traded at $1,958.13 per ounce.
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By Sruthi Shankar and Shristi Achar A (Reuters) - The benchmark S&P 500 and the tech-heavy Nasdaq fell on Thursday as the 10-year Treasury yield surged above 4% following hotter-than-expected labor market data, while Tesla (NASDAQ:TSLA) sank after it gave few details on its affordable electric vehicle. The number of Americans filing new unemployment claims fell again last week, according to a Labor Department report that pointed to sustained strength in the labor market, while another report showed U.S. labor costs grew faster than initially thought in the fourth quarter. The yield on 10-year Treasury notes - the benchmark for global borrowing costs - raced further above the 4% level on Thursday to touch a fresh four-month high of 4.06%. The two-year yield, which best reflects short-term rate expectations, hit a fresh 15-year high at 4.93%. "It doesn't look like the jobs market is responding to higher rates. The unit labor cost is double the expectations because wages are up and productivity is down, so nothing is really working in favor of markets," said Jack Ablin, chief investment officer at Cresset Capital. After a lackluster performance in February, Wall Street indexes kicked off March on a volatile note as fresh evidence of persistent price pressures and comments from Federal Reserve policymakers fueled worries about the U.S. central bank staying hawkish for longer. The S&P 500 and Nasdaq fell on Wednesday after data showed U.S. manufacturing contracted for a fourth straight month in February, although raw material prices increased last month. Traders of futures tied to the Fed's policy rate saw about an even chance that the rate will get to a range of 5.5%-5.75% by September, from the current range of 4.5% to 4.75%. U.S. monthly payrolls and consumer prices data in the coming days will offer investors more clues on the path of rates heading into the Fed's March 21-22 meeting, where it is currently expected to raise rates by 25 basis points. At 9:39 a.m. ET, the Dow Jones Industrial Average rose 20.50 points, or 0.06%, at 32,682.34 as Salesforce (NYSE:CRM) Inc soared 12.9% after the cloud-based software firm forecast first-quarter revenue above analysts' estimates and doubled its share buyback to $20 billion. The S&P 500 fell 22.28 points, or 0.56%, to 3,929.11, but was trading near its 200-day moving average, seen as a key support level by traders. The Nasdaq Composite dropped 105.26 points, or 0.93%, at 11,274.22. Tesla Inc fell 7.8% after Chief Executive Elon Musk and team's four-hour presentation failed to impress investors with few details on its plan to unveil an affordable electric vehicle. Macy's Inc (NYSE:M) jumped 9.6% after the department store operator forecast full-year profit above Wall Street estimates. Silvergate Capital (NYSE:SI) plunged 47.6% after the crypto-focused lender delayed its annual report and said it was evaluating its ability to operate as a going concern. Declining issues outnumbered advancers for a 5.86-to-1 ratio on the NYSE and 3.00-to-1 ratio on the Nasdaq. The S&P index recorded two new 52-week highs and 12 new lows, while the Nasdaq recorded 26 new highs and 71 new lows.
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**MERCATI EUROPA** - I futures USA sono saliti insieme alle azioni per le notizie incoraggianti dalla Cina e i dati dall'Europa che hanno incoraggiato l'assunzione del rischio. I TBond sono aumentati mentre il dollaro USA è diminuito. - In attesa della pubblicazione dei verbali della riunione della Federal Reserve, i futures sui principali indici statunitensi sono in crescita. Tesla è aumentata nel trading pre-mercato quando l'investitore Cathie Wood ha incrementato la sua partecipazione al capitale azionario del produttore di veicoli elettrici, consentendo ai titoli di riprendersi dopo il calo di ieri. Dopo aver annunciato tagli di posti di lavoro, Salesforce Inc. è aumentata. L'indice Stoxx Europe 600 è aumentato in modo significativo. - Le azioni di Hong Kong sono aumentate poiché la Cina ha preso in considerazione la possibilità di fornire ulteriore supporto al settore immobiliare. Dopo che le autorità di regolamentazione hanno approvato il piano di raccolta fondi del gruppo Ant di Jack Ma, Alibaba ha guidato i guadagni pre-mercato delle azioni cinesi quotate negli Stati Uniti. - Gli investitori sono alla ricerca di segnali di raffreddamento dell’inflazione che consenta di rallentare il ritmo degli aumenti dei tassi di interesse da parte delle banche centrali, dopo un anno volatile che ha visto obbligazioni e azioni scendere pesantemente a causa delle pressioni inflazionistiche e dell’aumento del costo del denaro. L'inflazione in Francia è diminuita inaspettatamente in base ai dati pubblicati oggi, confermando le prime indicazioni che sembrano indicare un rallentamento della pressione dei prezzi anche in Eurozona.
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Thanks Jack. You give me hope. I was worried about ending up on skid row.
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Geez Jack, yu the man.
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It's a hoot Jack. Maybe we'll get you to join us some day if we give out any good news.
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Thanks Jack and Ces.
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Where's Jack? He's suppose to be making fun of the day traders.
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**conorsen:** High correlation between tech stocks and crypto, crypto surges on @matt_levine cover story, tech stocks rally in sympathy, financial conditions loosen...did Levine just jack up the Fed's terminal rate? https://t.co/kGnjtIZ1Ij https://twitter.com/conorsen/status/1584990579401916443
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@Atlas #Emporos Research
so far , audusd , is performing better then the other two entries , we had as options for a possible overnight call , looks like the underdog wins , market might just give and pass us a 6% or more day gain , if it does drop like 300 or 400 points , just going to set the a 300 point trailing stop or safe stop , and let it run till morning , i mean , after making 3.12% in a day , this is the only logical thing to do , go for the jack pot , without loosing any profits , just possible standing ones , i mean , if we were to just take 200 points from this entry , we would just make 0.5% more , but from a great entry point , after securing the day , always better to try our luck , could turn the day into a 6% day or more . . . the good thing is that his entry can hold in validation for 5 more hours , after that , we are running into a different timeframe magnetic pull , in this case the 4 hour , and that is calling for a down , game of odds . . .
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Il Ministro dell'Economia tedesco Habeck: Ci aspettiamo che la Germania possa continuare a riempire lo stoccaggio di gas. Jack Ma intende cedere il controllo del gruppo Ant - WSJ. **I democratici della Camera degli Stati Uniti intendono proporre il divieto di trading azionario in agosto - Punchbowl News.**
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Jack Dorsey’s Block hits $1.3B in Q1 profits, $43M in BTC trading revenue https://cointelegraph.com/news/jack-dorsey-s-block-hits-1-3b-in-q1-profits-43m-in-btc-trading-revenue
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**@jack:** "When someone shows you who they are, believe them the first time." https://t.co/v4pVtH5K5F https://twitter.com/jack/status/1526159772277514241
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**@nytimesbusiness:** Jack Cakebread, who with his wife, Dolores, turned a 22-acre cattle ranch in Rutherford, Calif., into one of Napa Valley’s leading wineries, along the way helping to propel the once-obscure region to global viticultural stardom, has died at 92. https://t.co/rLNqENsl5I https://twitter.com/nytimesbusiness/status/1525719392864043008
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Yes, I had some kind of man crush on Jack. I loved how he dressed up for his testimony in congress. Last time he groomed his beard was 4 years ago and these idiot politicians are asking his stupid questions.
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thought Jack was your homie
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where is Trader Jack to ssay how smart is for avoiding a dead cat bounce
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By Danilo Masoni MILAN (Reuters) - World stocks rose slightly on Tuesday and U.S. 10-year Treasury yields held near 3% as investors prepared for the Federal Reserve's biggest rate hike since 2000. In a busy week for central bank meetings, Australia's central bank raised its key rate by a bigger-than-expected 25 basis points on Tuesday, lifting the Aussie dollar as much as 1.3% and hitting local shares. On Thursday, the Bank of England is expected to raise rates for the fourth time in a row. MSCI's benchmark for global stocks gained 0.1% by 1216 GMT as European shares rose after surviving a "flash crash" on Monday caused by a single sell order trade by Citigroup (NYSE:C). The pan-European STOXX 600 equity benchmark was up 0.2%, bouncing back from Monday's losses and supported by upbeat earnings reports and gains in banking stocks tracking higher bond yields. "These are small flashes of sunshine in the markets. The broader scenario however is not encouraging," said Enrico Vaccari, head of institutional sales at Consultinvest in Milan. "Even though there's room for stock markets to rally from oversold levels, in the long term the headwinds are too many, simply because the speed of the Fed's rate hikes will drive equity and especially bond market movements," he added. In the UK, the FTSE 100 index, which reopened following a long weekend, fell 0.4%. In France, BNP rose 4% after a sharp increase in trading activities helped the country's biggest lender top earnings growth expectations. In Asia, equities were mostly steady in holiday-thinned trade, with both China and Japan markets shut, but in Hong Kong, Alibaba (NYSE:BABA) shares fell as much as 9% on worries over the status of its billionaire founder Jack Ma. A state media report that Chinese authorities had taken action against a person surnamed Ma hit the stock hard, but it recouped losses after the report was revised to make clear it was not the company's founder. Hong Kong's Hang Seng index was up 0.1% and South Korea's KOSPI declined 0.3%. Australia's S&P/ASX 200 index fell 0.4% as the central bank raised rates and flagged more hikes ahead to contain inflation. U.S. equity futures steadied, with the Nasdaq and S&P 500 e-minis hovering between flat and a rise of 0.1%, held back by some underwhelming earnings reports. On Monday, Wall Street closed a seesaw session higher as investors bought into tech stocks in the last hour of trading amid bets they had been overly beaten down ahead of this week's Fed meeting. Investors expect the Fed to raise rates by 50 basis points at the end of a two-day meeting on Wednesday, although there was uncertainty around how hawkish Chair Jerome Powell will sound in comments following the decision. Around 250 basis points of rate hikes by the end of this year are already priced in by money markets, which some analysts say reduces the scope for hawkish surprises this week. U.S. treasury yields stayed near 3% in European trade, after breaching that key psychological milestone for the first time since December 2018 on Monday. The U.S. benchmark 10-year yield fell 2 basis points to 2.955%. In April, it rose 59 basis points, scoring its best month since 2009. Consultinvest's Vaccari said if 10-year U.S. yields were to reach 4%, there would be a "very strong shift towards bonds even though that risk today looks quite far away". The dollar, which has been supported by safe haven buying on worries over the economic outlook, stayed just below the nearly two-decade high reached in April and the euro steadied above the lowest level in more five than years hit last month. The dollar index was last at 103.25, down 0.3% on the day. The euro traded up 0.4% at $1.0546. RBA JOINS THE CLUB Elsewhere in currency markets, the Australian dollar jumped after the central bank raised its cash rate by a surprisingly large 25 basis points to 0.35%, the first hike in more than a decade. It also flagged more rate hikes to come as it pulls down the curtain on massive pandemic-related stimulus. "The RBA has joined the club, with a rate hike today that was a little larger than we had expected. The case to start to move policy off emergency settings was clear and the RBA has responded to that," said Jo Masters, chief economist at Barrenjoey in Sydney. The Aussie was up 0.9% at $0.712 as a majority of analysts in a Reuters poll had expected a rise to only 0.25%. The UK pound rose, moving away from its 22-month lows against the dollar as traders took profits on the recent surge in the greenback ahead of the Bank of England policy meeting. [GBP/] Sterling rose 0.3% to $1.253, against the low of $1.2412 hit last week. Oil prices slipped as concerns about the demand outlook due to prolonged COVID lockdowns in China outweighed support from a possible European oil embargo on Russia over its actions in Ukraine. [O/R] Brent crude fell 1.1% to $106.4 per barrel, and U.S. crude lost 1.2% to $103.9. London copper prices fell to three-month lows as COVID-19 restrictions in top consumer China and the prospect of aggressive U.S. rate hikes fuelled worries about weaker global growth hitting metals demand. [MET/L] Benchmark copper on the London Metal Exchange was down 2.5% at $9,525.50 a tonne. Gold prices hit their lowest since mid-February before recovering, as an elevated dollar and the imminent rate hike by the Fed dampened bullion's appeal as an inflation hedge. [GOL/] Spot gold was flat at $1,863 per ounce.
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Michael Saylor and Jack Dorsey Among Bitcoin Heavyweights Defending Mining in Letter to EPA https://www.coindesk.com/business/2022/05/02/michael-saylor-and-jack-dorsey-among-bitcoin-heavyweights-defending-mining-in-letter-to-epa/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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By Sheila Dang and Akash Sriram (Reuters) - Twitter Inc (NYSE:TWTR) reported stronger than expected user growth in what could be its last quarter as a public company after agreeing to a $44-billion buyout by billionaire Elon Musk. But overall revenue and advertising sales fell short of analyst estimates, due to the ongoing war in Ukraine. Shares rose 1% in early trading. The results lay out Musk's challenges in improving the social media platform's business to match its influence on news and culture. Twitter has long faced criticism for its sluggish pace of product launches. Musk has tweeted suggestions ranging from releasing a widely-demanded edit button to making the Twitter algorithm open-source. When Musk closes the deal, he will be overseeing a company that has had long-standing struggles with internal dysfunction, indecision and lack of accountability, Reuters previously reported according to eight current and former Twitter employees. Daily active users on Twitter rose to 229 million in the first quarter ended March 31, from 199 million a year earlier. The figure beat analyst expectations of 226.8 million daily active users. Facebook-owner Meta Platforms also reported a return to user growth on Wednesday, which helped propel social media stocks higher. Twitter said an internal error resulted in the company overstating quarterly user numbers by about 1.5 million between the fourth quarter of 2020 to the end of 2021. The company said it also overstated the figures in 2019, but was unable to provide data. Given the pending acquisition, Twitter said it would not provide any forward looking guidance and was withdrawing all previous goals and outlook. The company last year announced it aimed to double annual revenue and grow to 315 million users by 2023, as former CEO Jack Dorsey aimed to signal a reset on years of product stagnation. Total revenue in the first quarter was $1.2 billion, compared with analysts' average estimate of $1.23 billion, according to IBES data from Refinitiv. The company earns the majority of its revenue from selling digital ads on the website and app. Twitter paused ads in Ukraine and Russia in February amid the ongoing invasion, which the Kremlin calls a "special military operation." "The macro environment is becoming hostile with advertisers curbing their spending as they deal with inflation, which is running at a four-decade high," said Haris Anwar, senior analyst at Investing.com. Musk has said that Twitter should not serve advertising, which would allow the platform to have more control over its content policies. Advertisers generally prefer strong content moderation, to help prevent their brand from appearing next to unsuitable content. Its net income rose to $513.3 million, or 61 cents per share, from $68 million, 8 cents per share, a year earlier.
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Glad to see Jack has a good sense of humor. Benioff is a blow hard and so impressed with himself.
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First-Ever Jack Dorsey Tweet NFT Reauctioned, Receives Massively Lower Bid Than Expected as Hype Fades https://cryptonews.com/news/first-ever-tweet-nft-reauctioned-receives-massively-lower-bid-than-expected-as-hype-fades.htm
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Buyer of ‘Jack Dorsey Tweet’ NFT Is Out of Prison and Under Fire From Investors https://www.coindesk.com/layer2/2022/04/13/buyer-of-jack-dorsey-tweet-nft-is-out-of-prison-and-under-fire-from-investors/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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'Jack Dorsey's First Tweet' NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280 https://www.coindesk.com/business/2022/04/13/jack-dorseys-first-tweet-nft-went-on-sale-for-48m-it-ended-with-a-top-bid-of-just-280/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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Jack Mallers’ Strike Announces Shopify Integration for Bitcoin Lightning Payments https://www.coindesk.com/business/2022/04/07/jack-mallers-strike-announces-shopify-integration-for-bitcoin-lightning-payments/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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(Reuters) - In the run-up to Tesla (NASDAQ:TSLA) Inc CEO Elon Musk's public disclosure of a $3 billion stake in Twitter Inc (NYSE:TWTR), the billionaire had criticized the micro-blogging site for failing to adhere to free speech principles and said he was contemplating building a new social media platform. The world's richest person in the past months has said he is a free speech absolutist, while being vocal against Web3, a term for a utopian version of the internet that is decentralized and whose commercial backbone is the non-fungible token (NFT). Twitter co-founder Jack Dorsey and Musk, though active proponents of cryptocurrencies, share skepticism around the metaverse, NFTs and Web3, what some deem to be the evolution of the internet. From ridiculing Twitter's new CEO to calling NFT profile pictures "annoying", here's a list of Musk's tweets and comments on Twitter, Web3, NFTs and free speech. Date Tweet March 15, Musk tweeted, "I'm selling this song about NFTs as an 2021 NFT." The tweet included a song with the lyrics - "NFT for your vanity. Computers never sleep. It's verified. It's guaranteed." The next day, he tweeted: "Actually, doesn't feel quite right selling this. Will pass." Dec. 1, Musk posted a meme comparing new Twitter CEO Parag Agrawal 2021 with Joseph Stalin Dec. 2, "Web3 sounds like bs”, said Musk, responding to a thread 2021 by OpenAI co-founder Sam Altman Dec. 21, Musk mocked the Web3 concept, in a tweet, he said, "Has 2021 anyone seen web3? I can't find it." Jan. 21, In a Twitter thread calling the NFT profile picture 2022 feature annoying, Musk said, "Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread!?" Feb. 22, Musk, known for creating original memes, tweeted an image 2022 mocking the progress of the world wide web, ridiculing Web3. March 5, In a tweet claiming some governments asked Starlink to 2022 block Russian news sources, Musk said, "Sorry to be a free speech absolutist." March 24, Former Twitter CEO Jack Dorsey said in a quote tweet, "The 2022 choice of which algorithm to use (or not) should be open to everyone" March 24, Musk asked in a poll if Twitter's algorithm should be open 2022 source. March 26, Musk said Twitter failing to adhere to free speech 2022 principles fundamentally undermines democracy and asked if a new platform was needed. April 4, In his first tweet since the disclosure of his stake in 2022 Twitter, he said, "Oh hi lol" April 4, Musk posted a Twitter poll asking users if they wanted an 2022 edit button. "Do you want an edit button?" Musk asked in the tweet, in response to which Twitter CEO Parag Agrawal said that the consequences of the poll will be important. "Please vote carefully," Agrawal tweeted. Agrawal April 5, tweeted https://twitter.com/paraga/status/1511320953598357505?s=21&t=Is9i_R_hPKzFuUV5VhxUZQ 2022 Musk is being appointed to Twitter's board. "Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board," the tweet said.
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By Nivedita Balu (Reuters) -Tesla Inc top boss Elon Musk revealed a 9.2% stake in Twitter Inc (NYSE:TWTR), worth nearly $3 billion, likely making him the biggest shareholder in the micro-blogging site and triggering a more than 20% rise in its shares. Musk's move comes close on the heels of his tweet that he was giving a "serious thought" to building a new social media platform, while questioning Twitter's commitment to free speech. A prolific Twitter user, Musk has over 80 million followers since joining the site in 2009 and has used the platform to make several announcements, including teasing a go-private deal for Tesla (NASDAQ:TSLA) that landed him in regulatory scrutiny. Of late, however, he has been critical of the social media platform and its policies, saying the company is undermining democracy by failing to adhere to free-speech principles. "It does send a message to Twitter ... having a meaningful stake in the company will keep them on their toes, because that passive stake could very quickly become an active stake," said Thomas Hayes, managing member at Great Hill Capital LLC. Musk, also among the world's richest, has been selling his stake in Tesla since November, when he said he would offload 10% of his holding in the electric-car maker. He has already sold $16.4 billion worth of shares since then. A regulatory filing on Monday showed that Musk owns 73.5 million Twitter shares, which are held by the Elon Musk Revocable Trust, of which he is the sole trustee. Vanguard is Twitter's second-biggest shareholder, with an 8.79% stake, according to Refinitiv data. "Musk's actual investment is a very small percentage of his wealth and an all-out buyout should not be ruled out," CFRA Research analyst Angelo Zino wrote in a client note. Twitter was the target of activist investor Elliott Management Corp in 2020, when the hedge fund argued its then-boss and co-founder, Jack Dorsey, was paying too little attention to Twitter while also running Square. Dorsey, who owns a more than 2% stake in Twitter, stepped down as CEO and chairman in November last year, handing over the reins to 10-year company veteran Parag Agrawal. Meanwhile, Musk and Dorsey have found some common ground in dismissing the so-called Web3, a vague term for a utopian version of the internet that is decentralized. Shares of Twitter were trading at $47.19. They have fallen 38% in the past 12 months through Friday close. Twitter did not respond to a Reuters request for comment. Shares of other social media firms, including Meta Platforms and Snapchat owner Snap Inc (NYSE:SNAP), were also trading higher on the news.
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Jack Dorsey’s Block joins $41M funding for Japanese fintech Kyash https://cointelegraph.com/news/jack-dorsey-s-block-joins-41m-funding-for-japanese-fintech-kyash
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By Scott Murdoch SYDNEY (Reuters) - Asian stocks were in the red on Tuesday as surging COVID-19 cases in China hit the confidence of investors who are already worried about the Ukraine war and the first U.S. interest rate rise in three years that could come this week. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.97%, led by pronounced weakness in Chinese stocks. The index is down 8.2% so far this month. Global oil prices fell overnight as prospects of talks between Russia and Ukraine reaching some kind of resolution eased immediate concerns about energy supply disruption. Those losses extended into the Asian session, however, the investor focus had shifted to the demand side, with China's new wave of COVID-19 infections casting a cloud over the outlook for the world's second-largest economy. More broadly, a lack of major progress seen in Ukraine-Russia talks on Monday added to the nervousness in equity markets while concerns are now growing about the potential for new tensions between China and United States. Washington has warned Beijing against providing military or financial help to Moscow after its invasion of Ukraine, as sanctions on Russian political and business leaders mount. "The question we are asking is whether the markets have reached peak bearishness," said Jack Siu, Credit Suisse (SIX:CSGN)'s chief investment officer for Greater China. "We know there has been a lot of bad news, there could be worse to come, stock prices have fallen substantially and there is no clarity on any resolutions from U.S. regulators towards Chinese listed stocks there." Hong Kong's Hang Seng Index remained mired in negative territory Tuesday, dropping 4% following an almost 5% selloff a day earlier. Hong Kong's main board is down 17% so far in March. The city's tech index has been hammered, falling nearly 30% this month as investors worry about the next regulatory crackdown from U.S. and Chinese authorities on the sector. China's CSI300 index was down 1.78%, pushing its losses for the month out to 11.2%. Australian shares closed down 0.73%. Shrugging off the weakness in Asia, however, stock futures for the S&P 500 rose 0.21% while Tokyo's Nikkei Index reversed its losses and was marginally higher, up 0.22%. Adding to the overall negative sentiment for markets are rising case numbers of COVID-19 in China, which investors fear will hurt the mainland's economic growth in the first quarter. China on Tuesday reported 3,602 new confirmed coronavirus cases compared with 1,437 on Monday.. During the Asian session, U.S. crude slipped a further 5.2% to $97.66 a barrel. Brent crude was down 5.16% to $101.37 per barrel. "Right now everyone is looking at the Chinese cases and realising that has to have an effect on production," said Hong Hao, BOCOM International's head of research. "China's growth in the first quarter could be closer to zero than 5.5%. There's a ripple effect. There's Ukraine, the risk of U.S. sanctions on China and rising Chinese domestic COVID cases - it does not look good." Investor focus is also on the U.S Federal Reserve, which meets on Wednesday and is expected to hike interest rates for the first time in three years to offset rising inflation. Wall Street experienced a mixed session, with declining technology companies prompting most indexes to close lower Monday. The yield on the benchmark 10-year Treasury notes rose to 2.1384%. The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 1.865%, up from 1.849%. Gold was also weaker in Asia with the spot price at $1,932.1 per ounce. [GOL/]
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jack in the box inc. (nasdaq: jack), based in san diego, is a restaurant company that operates and franchises jack in the box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states and guam. additionally, through a wholly owned subsidiary, the company operates and franchises qdoba mexican eats®, a leader in fast-casual dining, with more than 600 restaurants in 47 states, the district of columbia and canada. join jack in the box’s mission to make the world a more delicious place. because everyone should experience a buttery jack for lunch, or an oreo cookie ice cream shake on a hot day (or any given day). it’s important to us that you’re as happy as our customers. we want you to try new things on our menu, figure out your favorites, and share them with the world. and if you want to take the next step in your career, we’ll help you set goals and develop skills to ensure you get there. even after more than sixty years of business, we’re s
CEO: Darin Harris
HQ: 9330 Balboa Ave. San Diego, 92123-1516 California