Diamonds and Dogs

10/14/22

Banks higher on earnings. JP Morgan (JPM) is higher by 2% following better than expected earnings. JP Morgan easily beat estimates as revenues rose 10.4% to $32.72 billion as the consumer has stayed resilient. However, the nation's biggest bank is building loan losses reserves in case of a potential economic hurricane.

Beyond Meat (BYND) has seen better days. The plant-based meat company is down 9% as demand continues to dwindle fo their products. The company is reducing their global workforce by 19% to cut costs including the embattled alleged nose biting COO, Doug Ramsey.

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