GameStop GME, -2.35% might be the unshortable stock. Shares in the Texas-based videogame retailer dropped by more than 10% at the open Monday after the company announced it has the option to sell up to 3.5 million shares of its common stock in the near future. But as has been …
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What’s your favorite room? Your kitchen? Living room, perhaps? Well, for most people, the answer is simple: their bedroom. The average person spends a third of their day in their bedroom, whether to sleep or just to have some “me time.” If you are going to spend a third of …
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Stocks finished firmly higher Friday, capping a tumultuous week of trading in U.S. markets that concluded with the three main equity indexes booking weekly gains. But despite the upbeat note that the final full week in March delivered, strategists and market participants were chirping about a major block trade in …
Read More » Good Friday is next week and markets will be closed as per usual. However, what will be unusual is that the closure of financial exchanges in the U.S., and some other parts of the world, comes as the government is slated to release a key report on employment in the …
Read More » No one is likely to order any ball caps emblazoned with “Dow 33K,” but America’s most well-known stock index cleared another 1,000-point milestone on Wednesday. The Dow Jones Industrial Average DJIA, +0.58% ended the day up 189.42 points, a gain of 0.6%, to close at a record 33,015.37, just five …
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It was a big deal in September 2019 when overnight-lending “repo” rates suddenly spiked as high as 9%, raising concerns on Wall Street and at the Federal Reserve to step in to avoid a potential crisis in a key financing cog of global finance. Now, some 17 months later, pretty …
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Tesla Inc. on Monday said that it bought $ 1.5 billion in bitcoin, a purchase that comes after CEO Elon Musk has promoted the world’s No. 1 digital asset, along with other cryptos, in recent weeks. Bitcoin’s price BTCUSD, +1.82%, already on a stratospheric rise, garnered an additional fillip from the announcement, …
Read More » Elon Musk’s Tesla Inc. said that it has acquired $ 1.5 billion in bitcoins in January and that it could accept the world’s No. 1 digital asset for payment in the future. Tesla TSLA, +1.77% revealed the purchase in a regulatory filing with the Securities and Exchange Commission on Monday, …
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About nine months ago, oil futures did a crazy thing and briefly crashed into negative territory, marking a low point of a historic bear market for the commodity. But this week, oil reclaimed its 12-month highs, with U.S. benchmark futures CL.1, +0.53% settling at $ 56 a barrel Thursday and …
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