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Social media is eroding young people’s happiness. Low-income teens may be most at risk.1:13 Heavy usage of certain types of social media may be contributing to a drop in youth well-being, according to Gallup’s new World Happiness Report. Why this costly Starbucks revamp might not win over the younger crowd0:06 Efforts such as adding comfier seats at Starbucks stores might not work with younger customers, RBC analysts say. Lumentum’s new revenue forecast further fuels one of the market’s hottest stocks0:06 The company is targeting a massive $2 billion quarterly revenue run rate within two years, driven by increasing demand for optical solutions for advanced AI workloads. Swarmer’s stock surges nearly 1,100% in two days, underscoring fervent demand for drones23:33 Defense-technology stocks have been hot in recent months, and now investors are pouring into Swarmer shares following this week’s IPO. U.S. stocks have reached a critical line in the sand. Why the next move could be a 10% drop.23:33 U.S. stocks were flirting with a critical threshold on Wednesday that, if broken, could portend another 10% drop for the S&P 500, according to one technical analyst. Five Below’s ‘squishy dumplings’ and other viral toys are drawing more shoppers to the discount retailer23:33 Shares of Five Below rallied after hours Wednesday after the teen-centric discount retailer offered an upbeat forecast for this year and said shoppers across all income levels were buying at its stores, helped by efforts to draw younger shoppers and keep apace with viral trends online. Powell delivers his most definitive answer yet on how long he’ll stay on as Fed chair20:42 Federal Reserve chair Jerome Powell said on Wednesday that he will stay on as “chair pro tem” if his successor Kevin Warsh is not confirmed by mid-May when Powell’s term expires. Netflix more likely to raise prices with Warner Bros. deal out of the way, Citi says20:42 Netflix is in a better position to raise subscription prices now that it is out from under the shadow of M&A and regulatory scrutiny, Citi analyst Jason Bazinet says |