Tag Archives: Stock

Tech stocks (and the stock market) are tanking thanks to rising interest rates

Tech stocks tanked today amid a broader stock market slide as nervous investors worried that the 10-year bull run in public stocks may be coming to an end. The S&P 500 dropped 3.3 percent while Nasdaq composite index (which is the market where many of the largest U.S. tech companies are traded) lost 4 percent of its value, falling 315.97 ...

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Despite minimum wage increase, some Amazon workers say losing stock options and bonuses means they will make less

Amazon’s announcement this week that it will raise its minimum wage for workers in the United States and United Kingdom earned it a wave of positive publicity, but backlash is already growing as reports emerge that its new pay structure will do away with monthly bonuses and stock option awards. In blog posts about the wage increase (slightly different ones ...

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Elon Musk shares meme video of Hitler ‘Shorting Tesla Stock’ on Twitter

Elon Musk has shared a popular meme video of Adolf Hitler from “Downfall” movie, freaking out about shorting Tesla stock. Some followers laughed out loud, while others warned that the tweet may put the tech tycoon in hot water. In the mock video Hitler, played by German actor Bruno Ganz, appears outraged by the fact the demand for Tesla 3 ...

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Are Tesla investors losing touch with reality? Elon Musk apology enough to send stock skyrocketing

Financial results are what normally concern investors. But not when it comes to Tesla. Despite record losses, a mere apology from CEO Elon Musk is enough for its stock to appreciate by $ 5 billion. “I would like to apologize for being impolite on the prior call. Honestly, I think there is really no excuse for bad manners. I was ...

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Tesla stock dips after CEO Elon Musk calls British cave rescue diver a ‘pedo’

Shares in electric car maker Tesla plunged on Monday as investors in the company were not too impressed after CEO Elon Musk called a British caver involved in the rescue of 12 Thai children last week a ‘pedo’. A number of them told Reuters, requesting anonymity, that the latest controversy is distracting Musk from Tesla’s main business of producing electric ...

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Outage delays opening of London Stock Exchange

One of the world’s busiest stock markets, the London Stock Exchange (LSE), failed to open on time on Thursday. Europe’s biggest trading venue commonly starts working at 8:00am London time each weekday. Thursday’s opening session was launched an hour later at 9:00am. The opening bell was held up due to an issue with pricing data, according to a spokesperson for ...

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Microsoft has acquired GitHub for $7.5B in stock

After a week of rumors, Microsoft today confirmed that it has acquired GitHub, the popular Git-based code sharing and collaboration service. The price of the acquisition was $ 7.5 billion in Microsoft stock. GitHub raised $ 350 million and we know that the company was valued at about $ 2 billion in 2015. Former Xamarin CEO Nat Friedman (and now Microsoft corporate ...

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Stock market is a Ponzi scheme? This alters entire engine of economy – Lee Camp

Comedian Lee Camp, in a special episode of his show Redacted Tonight, has discussed whether the stock market is actually a Ponzi scheme with author Tan Liu. Liu has written a book ‘The Ponzi Factor’ – “so dangerous that financial websites, finance shows and blogs…want nothing to do with him and banned him from their comment section,” Camp said introducing ...

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Russian stock market brushes off US sanctions, trading near all-time high

The Russian economy is proving to be resilient and showing a strong recovery from the initial shock of the latest round of US sanctions targeting the business sector. The ruble-traded MOEX reached 2,358 points this week, which is very close to an all-time high of 2,376.96 seen in February. The dollar-traded RTS index is still over 10 percent down from ...

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US weapons manufacturers stock price soars as Trump pulls out of Iran deal

While President Donald Trump’s decision to pull the US out of the Iran nuclear deal has been negatively criticized by most of the international community it has brought good news for some. Weapons manufacturers. The stock price of all of the top US weapons manufacturers shot up just as Trump announced he’s pulling his country out of the pact which ...

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