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“#United Airlines stock tumbles after massive COVID losses” United Airlines’ stock price plunged Thursday after the coronavirus pandemic drove the carrier to its fourth consecutive quarterly loss. United shares dropped as much as 6.1 percent to $42.41 following the company’s brutal Wednesday earnings report, which showed adjusted net losses of $2.1 billion for the final…
“#Stocks hit all-time high, Biden breaks Hoover’s record for gains” US stocks closed at record highs Wednesday as Joe Biden was sworn in as the 46th president — with the new commander-in-chief setting a record for stock gains between his election and his inauguration. The benchmark S&P 500 index rallied 1.4 percent to a record close…
“#GameStop investor Ryan Cohen nets $300M profit as shares surge” The GameStop investor pushing for changes at the video-game retailer has netted himself a more than $300 million gain in less than six months. Chewy.com founder Ryan Cohen has snapped up some 9 million shares in the Texas-based chain since last August for an average…
“# Bitcoin overtakes tech as most crowded trade, says Bank of America survey ” In another throwback to the 2017 bull market, a major United States bank fund manager survey, or FMS, has put Bitcoin at the pinnacle of positive investor sentiment. According to Reuters, 36% of respondents identified a long Bitcoin bet as the…
“#Intelsat Chairman David McGlade faces insider- trading suit” The chairman of satellite operator Intelsat is being sued for insider trading in an explosive new shareholder lawsuit that also dings private-equity giants BC Partners and Silver Lake Partners, an owner of the New York Knicks. The Oakland, Calif., federal court lawsuit claims that David McGlade, Intelsat’s…
“# GBTC has a new a competitor in the OTC Bitcoin trust market ” A firm called Osprey Funds is offering an over-the-counter, or OTC, Bitcoin (BTC) trust under the ticker symbol OBTC. The trust is similar to Grayscale’s Bitcoin Trust, known as GBTC. “The Osprey Bitcoin Trust provides easy access to bitcoin,” the firm’s…
“#Big Tech stocks plunge as backlash against Silicon Valley grows” Big Tech stocks tumbled Monday amid a growing backlash against Silicon Valley’s crackdown on President Trump and his supporters. Twitter shares plunged as much as 12 percent to $45.17 in the first trading session after it booted Trump from the platform on Friday, saying his account posed…
“# Bakkt crypto exchange to debut on stock markets through SPAC ” The Intercontinental Exchange, the owner the New York Stock Exchange and institutional cryptocurrency exchange Bakkt, announced a deal that would see its crypto arm listed on the stock markets. As reported by the Wall Street Journal, Bakkt is set to merge with VPC…
“#Twitter stock plunges after banning President Trump” Twitter’s stock price tumbled early Monday as investors appeared to balk at the social network’s decision to ban President Trump from posting. Shares in the San Francisco-based company tumbled 7.5 percent to $47.60 as of 8:07 a.m. in the first premarket trading session after it booted Trump from…
“# BTC price eyes 30% correction: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) heads into a new week after another weekend of major volatility — but this time, the way was down, not up. As the market loses $7,000 — the most since the “vertical” price rises began — Cointelegraph presents…