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“#Stocks close at record highs after stimulus bill is signed” Wall Street hit record highs on Monday after President Trump signed the $2.3 trillion pandemic bill on Sunday, ending months of political wrangling and uncertainty. The Dow Jones Industrial Average closed up 204.10 points, or 0.68 percent, to 30,403.97 after Trump backed down from an…
“#Alibaba stock plunges after China launches antitrust probe” Alibaba Group’s stock price plunged Thursday as Chinese regulators launched an antitrust investigation into the e-commerce giant. Alibaba’s New York-listed shares dropped about 9.9 percent to $230.80 in premarket trading as of 9 a.m. after Beijing’s State Administration for Market Regulation announced the probe, the latest setback…
“#Stocks recover as investors await new stimulus bill” US stocks plunged and then recovered Monday as fears about a new coronavirus strain in the UK damped optimism about Congress passing a new stimulus bill. The Dow Jones industrial average tumbled as much as 423.52 points, or 1.4 percent, to 29,804.48 in early trading after British officials…
“#Tesla stock slides on first day in S&P 500” Tesla’s stock price lost some charge in its S&P 500 debut — but Elon Musk’s electric-car colossus is nowhere near out of juice, analysts say. Shares in the trailblazing automaker slid as much as 6.3 percent to $651.20 on Monday, dragging down the benchmark index amid…
“#Stocks tumble as new COVID strain overshadows stimulus deal” US stocks were poised to plunge Monday as fears about a new coronavirus strain emerging in the UK outweighed hopes about Congress passing a new stimulus bill. Futures contracts tied to the Dow Jones industrial average tumbled 468 points, or 1.5 percent, to 29,645 as of…
“#Poshmark files to go public after turning profits this year” Fashion resale platform Poshmark is plotting an initial public offering after raking in its first profits this year. The nine-year-old startup said it’s benefitted from the coronavirus-fueled boom in online shopping that’s helped its 4.5 million active sellers supplement their income by selling clothes out…
“# Fractional stocks go to pot as FTX lists tokenized cannabis shares ” Cryptocurrency derivatives exchange FTX has announced it is growing its line of tokenized stock offerings, with the addition of five cannabis-related businesses. The Wednesday announcement, tweeted by FTX and Alameda Research CEO Sam Bankman-Fried, came in a haze of ex-hemp-lary (sorry) marijuana…
“# Bitcoin the third ‘most crowded trade’ in global fund manager survey ” A new survey of global fund managers reveals that Bitcoin has climbed in the rankings of “most crowded trade” beating out traditional investments like gold and bonds. Bitcoin was third on the overall list of options for the category, named as the…
“# After Microstrategy downgrade, analysts recommend smallcap crypto-centric bank ” Following a Citi report downgrading business intelligence firm Microstrategy’s stock to a “sell” rating, analysts for popular trading website the Motley Fool have recommended a lesser-known bank stock that also has an emphasis on cryptocurrencies. Last Tuesday, Citi analyst Tyler Radke downgraded Microstrategy (NASDAQ:MSTR) shortly…
“# Anthony Pompliano breaks down his Bitcoin outlook for 2021 ” In an exclusive interview with Cointelegraph, Pomp reaffirmed the Bitcoin price prediction he made back in 2019. “It’s going to be pretty aggressive. I am pretty confident in Bitcoin to $100K by the end of 2021.” Together with favorable macroeconomic conditions, Pompliano sees the…