Today in the Market (12/21/2023)

Good Evening! On Thursday, U.S. equities bounced after a significant decline in the main indexes yesterday, marking their most severe daily sell-off in months.

The three markets rebounded from yesterday, with the Dow Jones increasing by 0.87% while the S&P 500 barely got above the 1% mark by rising 1.03%. The Nasdaq finished the day strong, with the highest gain of 1.27%.


The stock price of BlackBerry Limited (BB) declined after the company’s projected financial performance fell short of expectations due to the six-week labor strike at the major automobile manufacturers earlier this year.

So how does the auto strike hurt Blackberry? According to CEO John Giamatteo, the United Auto Workers union strike reduced production levels for some of BlackBerry’s major clients. He emphasized that this impact is anticipated to be seen during the company’s fiscal Q4. On top of that, he said that while there is no change in the planned course towards software-defined vehicles, some milestones have been delayed.

Are any positive things going for Blackberry? The firm had substantial growth in its cybersecurity division, generating $144 million in sales. This is a significant increase of 44% compared to the previous quarter and an 8% rise compared to last year. Giamatteo reported that the unit successfully obtained significant contracts with prominent government entities, resulting in notable consecutive revenue growth and increased profit margins.


This week, federal regulators accused Rite Aid (RADCQ) of failing to inform customers about the use of facial recognition software during their purchases of batteries and alka-seltzers. Additionally, the regulators claim the AI system inaccurately identified individuals as wrongdoers (more on that shortly).

So what did Rite Aid agree to do now? Rite Aid agreed to stop using this technology for five years after the Federal Trade Commission (FTC) accused the company of causing “emotional and reputational harm” to customers at some stores between 2012 and 2020.

But how bad was it? According to the FTC, Rite Aid’s face recognition technology inaccurately flagged several innocent people as shoplifters on multiple occasions. For example, the system triggered a search of an 11-year-old girl. It doesn’t stop there; during five days, a total of 900 or more alerts were generated for a single individual’s photo in the database across 130 different retailers. Even with these examples, Rite Aid expressed its disagreement with the claims made by the FTC and stated that the company stopped using the technology over three years ago.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?