Wall Street was poised for a rebound on Friday ahead of key employment data, with tech futures in particularly climbing after well-received results from Amazon.com Inc., Snap Inc. and Pinterest Inc. That higher start comes a day after weak earnings and a warning from Meta Platforms sent those shares tumbling and dragged the broader market
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In this article C Citi CEO Jane Fraser makes brief remarks during a meeting with U.S. President Joe Biden and fellow chief executives to discuss the looming federal debt limit in the South Court Auditorium in the Eisenhower Executive Office Building on October 06, 2021 in Washington, DC. Chip Somodevilla | Getty Images Frustration has
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Key Takeaways Average daily active users beat analyst estimates by about 2 million users. The more daily active users Snap can attract and retain, the more appealing its platform is to potential advertisers. Selling ad space is how the company generates most of its revenue. Snap reported its first-ever quarter of positive net income. Snap
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Investors in QuantumScape (NYSE:QS) haven’t had much to cheer since the electric vehicle battery maker went public via a merger with special-purpose acquisition company Kensington Capital Acquisition in November 2020. On its first day of trading, QS stock soared nearly 50%. Less than a month later, shares hit a high of $132.73, 465% above where
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Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Billionaire investor Ken Griffin’s hedge funds crushed the market in January as a spike in volatility and a steep sell-off in growth stocks created an ideal environment for fast-money traders. Citadel’s multistrategy flagship fund Wellington gained 4.71% last month, according to a person familiar with
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Established on Dec. 16, 1998, the Financial Select Sector SPDR Fund (XLF) aims to provide investment results similar to the performance of the S&P Financial Select Sector Index by allocating its holdings similar to the index’s holdings. XLF aims to track the financial sector and allocates its fund in the banking, insurance, real estate investment
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AMC Entertainment (NYSE:AMC) reported results for its fourth quarter on Feb. 1. They were some of the theater chain’s best results in recent memory. AMC stock gained more than 10% on the news. Source: Helen89 / Shutterstock.com “AMC’s 2021 results improved significantly as the year progressed, and we finished the year with the strongest quarter
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In this article MSTR BTC.CM= Tighter government crypto regulations would actually be a positive catalyst for bitcoin, MicroStrategy co-founder and CEO Michael Saylor told CNBC on Wednesday. “Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and accelerate institutional adoption of that asset,” Saylor said on “Squawk on the Street,” stressing as
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In this episode of The Investor’s Podcast, Preston and Stig talk about what they learned in Tony Robbins’ book, Money: Master the Game. During their discussion, they talk about the myths of investing and they also talk about the advice of a few billionaires. This was a fun and interesting episode that you won’t want
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