Tag Archives: Stock

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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Huge stock market collapse is coming – investment guru Mark Mobius

Following Jim Roger’s latest prediction of the “biggest crash in our lifetimes,” famed 81-year-old investor Mark Mobius says the US stock market is set for a huge correction that would be trouble for everyone. “I can see a 30 percent drop. The market looks to me to be waiting for a trigger to tumble,” Mobius said, as quoted by the ...

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Russian stock markets, ruble recover after Trump rejects further sanctions

The US president’s decision to delay extending further economic sanctions against Moscow has pushed Russian stocks and currency higher. The new penalties were aimed at punishing Russia for its support of the Syrian government. The RTS dollar-traded index had gained nearly three percent by 08:00 GMT on Tuesday, while the ruble-denominated MOEX climbed almost two percent, led by shares in ...

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Stock markets ‘right on the brink’ of 50% crash, financial expert warns

US stock markets are currently passing through the same peaks they faced 11 years ago, right before the massive sell-off that triggered the 2008 financial crisis, according to Phil Town, who sold his stocks before the crash. “I think we are right on the brink. The logic is pretty straightforward from a fundamental point of view, we are at a ...

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London Stock Exchange stops trade of Russian firm whose owner is on US sanctions list

The UK Financial Services Authority (FSA) has temporarily stopped trading of Russia’s EN+ Group on the London Stock Exchange. The firm manages assets of billionaire Oleg Deripaska, who was added to the US sanctions list last week. The message, published on the exchange website, does not say when the trading of EN+ depositary receipts would resume. Trade in London starts ...

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