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“#Dow surges nearly 400 points on strong Goldman profits, retail spending” US stocks rose on Friday as Goldman Sachs was the latest big bank to report strong results and better-than-expected retail sales eased worries about demand. The Dow Jones Industrial Average rose 395.05 points, or 1.13%, to 35,307.61, the S&P 500 gained 35.98 points, or 0.81%, to…
“#Palantir stock jumps as tech firm wins big US Army contract” Palantir stock surged as high as 8.7 percent on Wednesday after the company revealed it had scored a lucrative contract with the US Army. The secretive Silicon Valley firm, which was co-founded by tech tycoon Peter Thiel, said late Tuesday that the Army would…
“#Bitcoin down 12 percent this week as stock market wobbles” Bitcoin’s rough week just keeps getting worse. The notoriously volatile cryptocurrency was changing hands around $42,100 Wednesday morning, down 2.8 percent over the previous 24 hours and a whopping 12 percent since Sunday. That’s the lowest sustained bitcoin price since early August, according to Coinbase…
“#Bitcoin plunges amid stock wordlwide market sell-off” Bitcoin tumbled to its lowest price in over a month on Monday as US stocks got slammed by a sharp selloff amid fears about the Chinese property market. The world’s most popular cryptocurrency was trading below $43,800 mid-morning on Monday, down about 7.5 percent over the previous 24…
“#Economy shook after 9/11 — thanks to heroes, it didn’t crumble” What I remember the most about 9/11 is that it started out as a beautiful day: amazing sunshine, about 70 degrees and crystal-clear skies. It did not end that way, of course. In a few short hours, a cloud of smoke and dust enveloped…
“#How GameStop stocks made ordinary Americans go for broke” Jeremy was a 22-year-old college senior who took his $6,000 textbook money and turned it into $109,977. Kim was a single mom and psychiatric nurse hoping to pay for her kid’s braces only to get caught up in a much bigger search for meaning. Sara was…
“#Ark’s Cathie Wood doubles down on Zoom after stock sinks” Polarizing tech investor Cathie Wood doubled down on Zoom — even as the videoconferencing company’s stock plummeted 17 percent on Tuesday on forecasts for slower growth. Wood on Tuesday bought more than $50 million of Zoom stock through two exchange-traded funds she manages at her…
“#Astra Space stock plummets after Space Force launch failure” Astra Space’s rocket isn’t the only thing that’s falling from the sky. Shares of the much-hyped US space company fell nearly a quarter on Monday after one of Astra’s rockets dramatically malfunctioned over the weekend while on a test mission for the US Space Force. Astra…
“#Fed could tighten money policy this year, inflation risks low” Federal Reserve Chairman Jerome Powell said the central bank could begin reversing its easy-money policies as soon as this year — and predicted that inflation, while a concern, is temporary and will subside in the coming months. Speaking at the Kansas City Federal Reserve Bank’s…
“#Half a trillion dollars erased from China markets in a week” China’s tech stocks slumped to new lows on Friday and Hong Kong’s benchmark index hit an almost 10-month trough, as an unrelenting series of Chinese regulatory crackdowns crushed investors’ confidence. More than $560 billion in market value has been wiped off Hong Kong and…