Month: May 2022
Stocks making the biggest moves midday: Peloton, Upstart, Vroom and more
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton – Shares tumbled 12% after the equipment maker disclosed it’s piling up excess inventory and burning through […]
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Signs of retail traders capitulating in this sell-off are emerging, but it’s still early innings, BofA says
Retail traders are starting to buckle under the selling pressure in this market, according to Bank of America. Source
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Here’s why a Roth individual retirement account conversion may pay off in a down market
Morsa Images | E+ | Getty Images Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright spot: the chance to save money on a Roth conversion. The strategy allows higher earners to sidestep the earnings limits for Roth individual retirement account contributions, […]
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Finland is just days away from applying for NATO membership
HELSINKI, Finland — After completing a few more steps, Finland will be ready to send its application to join the NATO military alliance, the country’s foreign affairs minister told CNBC Tuesday. The Nordic nation has been considering joining the alliance in the wake of Russia’s unprovoked invasion of Ukraine. Finland’s Prime Minister Sanna Marin has […]
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Apple discontinues the last iPod model
Steve Jobs at Macworld in 2004. Getty Images Apple is discontinuing the iPod touch, the last version of the portable music player it still sells. The announcement ends an era of digital music that Apple kicked off when it first introduced the iPod in 2001, boasting of its ability to hold “up to 1,000 CD-quality […]
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UAE, Saudi energy ministers hit back at ‘NOPEC’ bill, say it could send oil prices surging
UAE Energy Minister Suhail Al Mazrouei says moves by U.S. authorities to introduced NOPEC legislation would bring chaos to energy markets. AFP | Getty Images Top OPEC ministers have hit back at new U.S. legislation intended to regulate its output, saying such efforts would bring greater chaos to energy markets. UAE Energy Minister Suhail Al […]
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Netflix could introduce ads, crack down on password sharing by the end of this year, source says
Reed Hastings, co-founder, chairman, and co-chief executive officer of Netflix, arrives for the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S. July 6, 2021. Brian Losness | Reuters Netflix could roll out its lower-price, ad-supported tier as early as this year, a source familiar with the matter told CNBC. Netflix […]
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Erling Haaland: Man City confirm agreement to sign Borussia Dortmund striker in £51m deal
Haaland has scored 85 goals in 88 matches for Dortmund since joining from RB Salzburg in January 2020. Matthias Hangst | Getty Images Sport | Getty Images Manchester City have confirmed an agreement to sign Borussia Dortmund striker Erling Haaland for £51.1m. City have paid the 21-year-old’s release clause and expect to pay £85.5m in […]
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Citadel founder Ken Griffin wins Blue Origin spaceflight auction, donating two seats to NYC teachers
Ken Griffin, Founder and CEO, Citadel (L) and Blue Origin New Shepard rocket lifts off (R) Reuters Ken Griffin, billionaire founder and CEO of hedge fund Citadel, placed the winning $8 million bid in an auction Monday for a seat on a spaceflight with Jeff Bezos’ Blue Origin. Bezos’ company donated two seats on its […]
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Boeing aircraft orders, deliveries slipped in April
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images Boeing’s aircraft deliveries fell last month as handovers of its 787 Dreamliner planes remain paused after a series of manufacturing flaws. The company delivered 35 jets in April, down from 41 in March, bringing its total so […]
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