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“#Stocks hammered as sell off moves from tech to other sectors” Investors pulled back on stocks Tuesday as a sell-off that began in tech companies broadened to other sectors, sending the major US indices down. The Dow Jones Industrial Average tumbled about 450 points, or 1.3 percent, in mid-day trading. The S&P 500 was 0.8…
“#Bitcoin rival Ethereum tops $4,000 for the first time” The crypto craze continues. Bitcoin rival ether, the second-largest cryptocurrency in the world, soared past $4,000 per coin for the first time on Monday. Ether, which is the native cryptocurrency of the Ethereum blockchain, saw its price climb more than 5 percent Monday, according to Coinbase…
“#Facebook lifts S&P 500 to record intra-day high” The S&P 500 hit an intra-day record high on Thursday, fueled by gains in Facebook following its strong earnings report, while investors awaited upcoming results from Amazon. Facebook jumped over 6 percent to an all-time high after beating market expectations for quarterly revenue and profit late on…
“#Bitcoin, cryptocurrencies rebound after brutal week of losses” Bitcoin and other cryptocurrencies rose Monday morning, recovering some losses after a brutal week that saw the digital currency market lose hundreds of billions of dollars. Bitcoin was up more than 8 percent Monday at $53,720, according to Coinbase data. That restores Bitcoin’s market cap to about…
“#Bitcoin drops below $50K as Biden eyes capital gains tax hike” Bitcoin investors are nursing their losses amid reports that President Biden is planning to raise capital gains taxes on the richest Americans. The volatile cryptocurrency’s price plunged nearly 10 percent on Friday to just above the $49,000 mark, hitting its lowest level since early…
“#Stocks drop on Biden plan to double capital gains tax for wealthy” Stocks tumbled Thursday on a report that President Biden is mulling a plan to nearly double what wealthy people pay on their investment gains. A Bloomberg News report that Biden wants to raise the capital gains tax to as much as 39.6 percent…
“#Company behind a single NJ deli snags $100M market value” A company that owns a single deli in south New Jersey became worth more than $100 million on the stock market in recent months — marking the latest oddity of the “meme stock” era. Hometown International Inc. amassed the meaty valuation even though its sole…
“#Dow crosses 34,000 mark as stocks head to new record highs” The Dow Jones Industrial Average crossed the 34,000 mark Thursday as US stocks rallied toward records after a suite of encouraging data showed how hungry Americans are to spend again, how fewer workers are losing their jobs and how much fatter corporate profits are…
“#S&P 500 crosses 4,000 for the first time ever” The S&P 500 breached the 4,000 mark for the first time Thursday, powered by gains in technology shares and optimism about a pickup in global economic activity. A mammoth vaccination drive and a massive fiscal stimulus are expected to drive a recovery in the labor market, prompting investors…
“#Shares of Discovery, ViacomCBS fall on Wells Fargo downgrade” Shares of Discovery and ViacomCBS tumbled on separate downgrades from Wells Fargo on Friday, as analysts expressed concerned that the media companies’ recent gains may be overblown. In early-day trading, ViacomCBS saw its stock sink more than 12 percent, to $57.76, as shares of Discovery plunged…