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The Kobeissi Letter

@KobeissiLetter

Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: [email protected]

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linkhttp://thekobeissiletter.com/subscribe calendar_today10-06-2015 00:34:15

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The collapse of Starbucks is insane:

Starbucks' CEO went on LIVE TV attempting to revive the stock.

He says, 'it was a very tough quarter due to pressures on customers, China, and challenges of the business in the Middle East also impacting us in other geographies.'

The worst…

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BREAKING: Apple stock, $AAPL, adds $180 BILLION in market cap after announcing the largest stock buyback in history.

Apple will be buying back $110 billion of stock and raised their dividend by 4%.

Not a bad deal for Apple.

BREAKING: Apple stock, $AAPL, adds $180 BILLION in market cap after announcing the largest stock buyback in history. Apple will be buying back $110 billion of stock and raised their dividend by 4%. Not a bad deal for Apple.
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The US economy's share of the world GDP is set to reach the largest level in two decades.

US GDP is now estimated to reflect ~26% of the global economy in 2024, according to the IMF.

A decade ago, the country’s share exceeded the EU & UK combined contribution and it is now ~5…

The US economy's share of the world GDP is set to reach the largest level in two decades. US GDP is now estimated to reflect ~26% of the global economy in 2024, according to the IMF. A decade ago, the country’s share exceeded the EU & UK combined contribution and it is now ~5…
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The S&P 500 just posted its worst month since September 2023.

The index fell by 4.2% in April, recording the first monthly drop since October.

Meanwhile, the Nasdaq index also snapped its 5-month winning streak and declined by 4.4% in April.

Investors are anxious about the…

The S&P 500 just posted its worst month since September 2023. The index fell by 4.2% in April, recording the first monthly drop since October. Meanwhile, the Nasdaq index also snapped its 5-month winning streak and declined by 4.4% in April. Investors are anxious about the…
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US job openings dropped in March to the lowest level in 3 years.

US available vacancies declined to 8.49 million from 8.81 million in February, hitting the lowest level since March 2021.

Job openings have been declining for the past 2 years since the March 2022 peak of 12…

US job openings dropped in March to the lowest level in 3 years. US available vacancies declined to 8.49 million from 8.81 million in February, hitting the lowest level since March 2021. Job openings have been declining for the past 2 years since the March 2022 peak of 12…
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This could be one of the worst live TV CEO interviews I have ever seen.

Starbucks stock crashed 5% during this interview.

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The collapse of Starbucks is truly insane:

1. Company wide same store sales fell 4% and traffic fell 6% this quarter

2. In China, same store sales plunged 11% with an 8% decline in the average order

3. International same store sales FELL 6% while a 1.4% GAIN was expected

4.…

The collapse of Starbucks is truly insane: 1. Company wide same store sales fell 4% and traffic fell 6% this quarter 2. In China, same store sales plunged 11% with an 8% decline in the average order 3. International same store sales FELL 6% while a 1.4% GAIN was expected 4.…
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BREAKING: USD to JPY ratio crashes again just days after the Bank of Japan intervened when the Japanese Yen hit its weakest level since 1990.

At 9:30 PM ET on Sunday night, the Japanese Yen weakened to 160 against the US Dollar for the first time since 1990.

On Tuesday, BOJ…

BREAKING: USD to JPY ratio crashes again just days after the Bank of Japan intervened when the Japanese Yen hit its weakest level since 1990. At 9:30 PM ET on Sunday night, the Japanese Yen weakened to 160 against the US Dollar for the first time since 1990. On Tuesday, BOJ…
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