China’s antitrust regulator has imposed a fine equivalent to $ 2.8 billion against Alibaba Group Holding Ltd for abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of company founder …
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A doge’s breakfast? The popular dogecoin crypto asset, engineered as a joke back in 2013, has tanked over the past week after reaching a record value on Monday, leaving few investors laughing. Dogecoin, at last check, was trading at 0.06784 cent, down over 20% from its Feb. 7 record high …
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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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GameStop Corp. shares sank further in the extended session Monday following the stock’s retreat from a record weekly gain, after one noted analyst said more than half of the short positions on the stock had been eliminated. GameStop GME, -30.77% shares fell as much as 35% in Monday trading, and …
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Total mortgage application volume fell 4.1% from the previous week, but were 16% higher than a year ago. The average loan amount for homebuyers hit another record high — $ 395,200, according to the Mortgage Bankers Association’s seasonally adjusted index reported by CNBC. Homebuyers are seeing prices rise at the …
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U.S. companies have barely managed to eke out positive earnings growth so far in this quarterly results season, but the big test arrives in the week ahead. Nearly a quarter of the S&P 500 SPX, -0.30% is set to report results, with those companies representing 39% of the index by …
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Security-software stocks soared Friday, as investors bet that the fallout from one of the most devastating hacks in U.S. history will lead to increased security spending by companies and government agencies. The breach was executed through a vulnerability in ubiquitous network-monitoring software from SolarWinds Inc. SWI, -19.43%, which hackers believed …
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The election of Joe Biden as president has increased confidence among Democrats, but not enough to counter growing worries about the record spike in coronavirus cases. alex edelman/Agence France-Presse/Getty Images The numbers: Consumer confidence fell in November to a three-month low after a record wave of coronavirus cases spurred some …
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Peloton Interactive Inc. reported fiscal fourth-quarter earnings Thursday afternoon. MarketWatch photo illustration/iStockphoto A year after its initial public offering, Peloton Interactive Inc. is pedaling toward new highs amid a pandemic that is forcing people into their homes and away from gyms, creating demand for at-home fitness equipment. Peloton PTON, -3.75% …
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