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Posts published in “Finance”

Dow Jones Futures Rally As Biden, Republicans ‘Hopeful’ For Stimulus Deal; GME Stock Dives 30%

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Biden’s green vehicle initiative lifts EV makers, and their bets on the future

Automakers and pure play electric vehicle makers got a boost this week by President Joe Biden’s “Buy American” plan.Video TranscriptSEANA SMITH: Hey, Dan, I also want to ask you about Tesla, because that stock also off just around 2% today. Bears are pointing to the miss that they reported on earnings about that they reported…

Elon Musk’s tweets are moving markets — and some investors are worried

CEO of Tesla Motors Elon Musk. Brendan McDermid | Reuters Bitcoin's value jumped more than 20% to $38,566 on Friday after Elon Musk, the world's richest person, changed his personal Twitter bio to #bitcoin, fueling speculation that he had bought more of the cryptocurrency. Less than 24 hours earlier, the billionaire appeared to prompt shares…

Walmart’s latest strategy to get your stuff to you faster

New York (CNN Business)Walmart plans to build automated mini-warehouses in dozens of its stores to speed up customers' online delivery and curbside pickup orders in a race against Amazon.Walmart announced Wednesday that it will add dozens of 20,000 square-foot to 30,000 square-foot automated fulfillment centers in the coming years, either in the backrooms of its…

Dow Jones Futures: Stock Market Rally Extended As Apple, Tesla Lead Earnings Tsunami

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MyPillow’s Lindell shrugs off distancing by retailers, presses election fraud claim

As many business leaders separated from President Donald Trump following the attack on the U.S. Capitol, the chief executive of Minnesota-based MyPillow Inc. leaned in. On Tuesday, with key retailers dropping MyPillow products, CEO Mike Lindell continued to promote debunked claims that election fraud cost Trump a second term and said he was less worried…

Stock Markets Climb, Shaking Off a Grim Jobs Report: Live Updates

The Internal Revenue Service misdirected stimulus payments for an estimated 13 million accounts, but the agency on Friday said it is trying to redirect to the money to the proper place. If you’re anticipating a stimulus payment that hasn’t yet landed, continue to monitor your bank accounts — and your snail mail.The I.R.S. was taking…

Trump says Oracle could handle TikTok: ‘Great company’

President Trump on Tuesday said Oracle could take on TikTok after he issued an executive order that would ban the video app if its U.S. operations remain under Chinese control.With Microsoft as a leading contender to acquire the app, The Financial Times reported Tuesday that Oracle is "seriously considering" purchasing the app's operations in the U.S., Canada, Australia and New Zealand.TIKTOK…

Wall Street futures on the rise as hope grows Washington will provide aid to struggling US economy

BEIJING — Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy.Benchmarks in Shanghai, Hong Kong, South Korea and Sydney advanced. Tokyo was off 0.1%.Wall Street gained Thursday after President Donald Trump suggested he might be reversing his decision to halt talks on economic aid.…

Buffett-backed cloud unicorn Snowflake nets $3.4 billion in record-breaking software IPO | Markets

REUTERS/Scott Olson Snowflake, backed by the billionaire investor Warren Buffett, said it would raise $3.4 billion on Wednesday in the largest software initial public offering.The cloud-data platform said on Tuesday that it would sell 28 million shares priced at $120 apiece, valuing it at over $33 billion.Snowflake plans to list on the New York Stock…