Browsing Category:Money

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The Ford company logo will appear on a sign outside the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois.Scott Olson | Getty ImagesClover Health Investments - The healthcare company's shares rose 9.5%, increasing their weekly earnings by over 13% as Reddit-fueled speculative trading in the name continued. Clover said in a filing with the Securities...
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Take a look at some of the biggest movers in the premarket:GlaxoSmithKline (GSK) - The drugmaker's shares rose 3.5% premarket after detailed plans to spin-off its consumer health care business into a separate company. Glaxo will eventually receive a payment of $ 11 billion from the new company.MicroStrategy (MSTR) - MicroStrategy gained 4.4% in pre-market trading, trading in...
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US stock index futures were slightly higher during Wednesday's early morning trading after the S&P 500 closed just short of a new high on Tuesday.Futures contracts linked to the Dow Jones Industrial Average rose 82 points. S&P 500 futures and Nasdaq 100 futures both traded in slightly positive territory.All three major averages ended Tuesday's session in the green,...
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Federal Reserve Chairman Jerome Powell admitted Tuesday that inflationary pressures are stronger and more persistent than he expected, although it still does not compare to some of the worst episodes in US history.In consultation with a special House Council, the central bank chief continued to attribute most of the recent surge in inflation to factors closely related to the...
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A GameStop store is pictured in New York on January 29, 2021.Carlo Allegri | ReutersGameStop shares rose after the video game retailer said it sold 5 million additional shares and raised $ 1.13 billion in capital to accelerate growth.The original Reddit favorite meme stock rose 10.6% Tuesday morning after the company announced the completion of its stock offering...
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China's central bank said Monday it had urged several payment firms and banks to crack down on cryptocurrency speculation, adding to calls from Beijing for restrictions on bitcoin and other digital currencies.The People's Bank of China said it had convened major lenders like the Industrial and Commercial Bank of China and the Agricultural Bank of China, as well as...
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Traders on the floor of the New York Stock Exchange.Source: NYSEMonday's aggressive stock market rally came despite fears by a Wall Street company that investors still fail to see how quickly the Federal Reserve could begin raising rates.After being hammered for the past three days of trading last week, Wall Street came back with a move that propelled the...
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Take a look at some of the biggest movers in the premarket:MicroStrategy (MSTR) - MicroStrategy stock plunged 8.7% in pre-market trading, while bitcoin prices plummeted following the expansion of the Chinese crackdown on bitcoin mining. The business analytics company is one of the largest corporate investors in Bitcoin, with billions of dollars on its books.Coinbase (COIN) - The...
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