Tag Archives: wall street

Tim Cook joins the billionaire club as Apple nears $2tn valuation 

Apple has thrived under Cook’s leadership with the iPhone X and a move into subscription TVApple chief executive Tim Cook has joined the billionaire club as the iPhone maker is poised to become the US’s first $2tn company.Apple’s performance has so far proved to be coronavirus-proof, crushing Wall Street expectations in each of the last two quarters, and pus […]

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US stocks open higher, pushing S&P 500 near all-time record 

Stocks are opening higher on Wall Street, pushing the S&P 500 ever closer to the all-time high it reached back in February, before the coronavirus shutdowns slammed the economy

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Wall Street stocks near record peak after rally in Europe 

Global equities lifted by fiscal stimulus optimism and vaccine hopes as Russia approves Covid-19 treatment

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Abandoned mall department stores may become Amazon’s next fulfillment centers 

One of the largest owners of shopping mall real estate in the United Stages, Simon Property Group, has been talking to Amazon about transforming its anchor department stores into Amazon distribution hubs, according to the Wall Street Journal. In the case of Simon Property, the anchor tenants like J.C. Penney and Sears that used to […]

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Twitter, TikTok discuss potential combination: Report 

Twitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal reported Saturday, after US President Donald Trump said he would ban the app, calling it a threat to national security.

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Global shares mixed amid coronavirus waves, recovery hopes 

Shares have risen across Asia after Wall Street closed broadly higher on encouraging economic reports

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Pfizer’s October Goal in Vaccine Race Scrutinized by Street 

(Bloomberg) — Wall Street analysts and specialists are weighing the possibility that Pfizer Inc. and BioNTech SE may file their Covid-19 vaccine candidate with regulators by October after the pair said a late-stage Covid-19 vaccine study kicked off on Monday evening.Pfizer rose Tuesday on the announcement with its German partner, just hours after similar ne […]

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Facebook says it will look for racial bias in its algorithms 

The news: Facebook says it is setting up new internal teams to look for racial bias in the algorithms that drive its main social network and Instagram, according to the Wall Street Journal. In particular, the investigations will address the adverse effects of machine learning—which can encode implicit racism in training data—on Black, Hispanic, and…

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Disney cuts ad spend on Facebook as boycott grows 

Walt Disney has become the latest company to slash its advertising spending on Facebook as the social media giant faces an ad boycott over its handling of hate speech and controversial content, the Wall Street Journal reported on Saturday, citing people familiar with the situation.

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Iran could flood the market with millions of barrels of oil if Joe Biden becomes president, one of Wall Street’s top analysts says 

The oil market is not considering the threat of a Joe Biden victory in the US election, a renowned oil analyst warned this week.  RBC Capital Markets’ Helima Croft told Business Insider that a Biden victory could lead to the renegotiation of the Iran Nuclear Deal, which could in turn see Iran up international oil production. “You could see a millio […]

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Wall Street retreats with global markets as rally fades 

Wall Street is retreating in early trading Thursday following a mixed set of reports on the economy, including one showing that layoffs continue across the country at a stubbornly steady pace

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Wall Street opens lower as coronavirus fears eclipse upbeat retail sales 

The Dow Jones Industrial Average fell 123.53 points, or 0.46 percent, at the open to 26,746.57.

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The Wall Street Journal: OPEC and allies set to ease oil output cuts, anticipating demand recovery 

An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns.

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Has Apple Surged Too Far, Too Fast? Analyst Weighs In 

With the market getting extra frothy, it is legitimate to wonder whether we are in the midst of a bubble. Despite the growing disconnect between Wall Street and Main Street, the surge has been almost relentless since the coronavirus inflicted meltdown in March. Tech stocks, in particular, have outperformed, including the world’ largest company by market cap […]

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Wall Street opens mixed on infection increase, economic data 

Wall Street is mixed at the open as investors weigh a rise in coronavirus cases in the United States against upbeat economic data in Europe

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