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Peloton machine Source: Peloton Many on Wall Street were convinced the usual playbook would occur when this market and economic downturn hit.  Bubble-like tech stocks that led the way up would get crushed as a bear market exposed their hype and sent stock speculators scrambling. But the opposite has happened.  The names skeptics used to
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In March, Chevron (NYSE:CVX) stock saw a sharp decline to near $50 per share, putting it in deeply oversold territory as panic-selling engulfed the markets. Source: Denis Kuvaev / Shutterstock.com Subsequently, fiscal stimulus and expansionary monetary policy triggered a sharp market rally. Production cut agreement between OPEC and non-OPEC members also boosted sentiments for the
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As of mid-April 2020, 1,661,367 forgivable paycheck protection program (PPP) loans and 755,476 forgivable economic injury disaster loan (EIDL) advances had been approved by the Small Business Administration (SBA). If your small business is among those fortunate enough to receive a loan or loan advance before the June 30, 2020, deadline for PPP loans (December
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Spirit Airlines aircraft seen at Los Angeles International Airport. Alex Tai | SOPA Images | LightRocket via Getty Images Check out the companies making headlines after the bell. Lyft — The rideshare company’s stock soared 15% in extended trading after Lyft reported first-quarter earnings. The company reported 21.2 million active riders in the first quarter, a
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DoorDash Palantir Robinhood Asana Instacart New initial public offerings (IPOs) are one of the best ways investors can strike “gold” in the stock market. That’s because these freshly public companies represent the next generation of world-changing businesses in the first innings of their long-term growth narratives. Sure, many of them don’t pan out as expected.
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On Saturday, Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) had its annual meeting. From it, we learned that Warren Buffett’s company had sold all its positions in the airline industry. In doing so, it liquidated billions of dollars of stock. Those sales included Berkshire’s formerly large position in American Airlines (NYSE:AAL) stock. Source: GagliardiPhotography / Shutterstock.com In case
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CNBC’s Jim Cramer said Wednesday that investors cannot ignore the rising popularity of plant-based meat products.  “This movement is happening. You’ve got to get on the bus or … get left behind,” Cramer said on “Squawk on the Street.”  Cramer acknowledged there are not huge sales just yet for a company like Beyond Meat, which after-the-bell Tuesday
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Transferring a balance from a higher-interest credit card to a lower-interest one can be a great way to save money and get out of debt faster. It can also be a great way to get into even more debt and make a bad financial situation worse. Even more confusing: a promotional balance-transfer offer can heighten
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Naguib Sawiris, billionaire and chairman of Orascom Investment Holding. Sima Diab | Bloomberg | Getty Images Egyptian billionaire Naguib Sawiris says he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all its airline stocks at the firm’s annual meeting on Saturday.  Sawiris, chairman and CEO of Orascom Investment
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