EPISODE · Aug 9, 2022 · 25 MIN
Gaming industry in trouble post COVID, Novavax cuts earnings forecast while Allbirds reports earnings, US sends largest aid package to Ukraine while Saudi Arabia imports Russian Oil
from Stock Market Observation · host Jacob Lee
Ep. 70: Gaming companies are hit with gaming woes since the end of COVID. Nvidia also reported that gaming chips revenue is down as well. Novavx cut its year's guidance since they believe that they will not be selling as many COVID vaccines this year. Allbird also reported earnings and they will have to lay off 23 people. Finally, the US sends the largest aid package to Ukraine which is worth to be around 1 billion dollars. It is also being reported that Saudi Arabia is buying Russian oil at this time.
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Gaming industry in trouble post COVID, Novavax cuts earnings forecast while Allbirds reports earnings, US sends largest aid package to Ukraine while Saudi Arabia imports Russian Oil
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