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GameStop stock soared as much as 110% Monday and was temporarily halted for volatility after "Roaring Kitty," the person who is seen as the kickstarter of the meme stock frenzy during the pandemic, posted online for the first time since 2021.

Sunday's post on X included a meme of a video gamer leaning forward, appearing to take the game seriously.  https://finance.yahoo.com/news/gamestop-stock-gains-110-gets-halted-for-volatility-after-roaring-kitty-post-143738970.html 

US chip manufacturing capacity is projected to triple by 2032, according to a new report published by the Semiconductor Industry Association.

That increase is expected to grow the US's share of global semiconductor production to 14% by 2032 from 10% today, marking growth in the country’s manufacturing footprint for the first time in decades.  https://finance.yahoo.com/news/us-chip-manufacturing-capacity-projected-to-triple-by-2032-fueled-by-chips-act-industry-leader-142127075.html 

Novavax stock skyrocketed +98.66% Friday on the news French drug and vaccine giant Sanofi would invest $1.2B in a deal for Novavax's COVID-19 vaccine and take a minority stake in the struggling biotech company.

"This is a new chapter in the history of our company," said CEO John Jacobs.  https://finance.yahoo.com/news/novavax-stock-doubles-after-sanofi-deal-marks-new-chapter-for-company-172419830.html 

Tesla will spend more than $500 million to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business.  https://finance.yahoo.com/news/elon-musk-says-tesla-spend-160633956.html 

Stock buybacks are soaring in a sign that corporate America is bullish on the US economy.

Companies have announced share repurchases of more than $383 billion in the last 13 weeks, including Apple's $110 billion plan, up 30% from the year-earlier period.  https://finance.yahoo.com/news/stock-buybacks-hit-highest-level-since-2018-080010937.html 

The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week, another indication that the red-hot US labor market may be softening.  https://finance.yahoo.com/news/us-weekly-jobless-claims-rise-123949940.html 

With 80% of the companies in the S&P 500 done reporting, the benchmark index is pacing for 5% growth in Q1 EPS, per FactSet. 

This is the biggest YoY increase since the second quarter of 2022 and higher than the 3.2% growth analysts had expected prior to the start of the season.  https://finance.yahoo.com/news/companies-are-having-their-best-earnings-season-in-nearly-2-years-170339652.html 

Late last week Treasury released new rules mandating that manufacturers not use critical materials that originate from a Foreign Entity of Concern (FEOC) — including China, Russia, North Korea, or Iran — by 2025 if they want to receive the full EV tax credit.  https://finance.yahoo.com/news/new-ev-tax-credit-rules-mean-cars-with-chinese-materials-wont-qualify--but-theres-a-catch-190209367.html 

Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, China Passenger Car Association (CPCA) data showed on Tuesday.

Tesla's biggest Chinese rival BYD sold 312,048 passenger vehicles in April, up 48.97% YoY.  https://finance.yahoo.com/news/teslas-china-made-ev-sales-085026821.html 

Disney said Tuesday an important part of its streaming business turned a profit for the first time but that it expects weaker results in that segment for the current quarter. 

Disney's DTC portion of its entertainment segment, which includes Disney+ and Hulu, posted an operating income of $47M, compared to a loss of $587M in the prior-year period.

But, it expects DTC results in the entertainment segment to be in the red in the third quarter, sending its stock down nearly 10% in early trading.  https://finance.yahoo.com/news/disney-stock-falls-as-company-attempts-to-make-streaming-business-profitable-103032382.html