Author: Admin
Jack Dorsey’s new title: Block Head
Jack Dorsey, CEO, Twitter testifies at Congressional hearing, March 25, 2021. CNBC Jack Dorsey is no longer the CEO of Block. He no longer has the title, at least. In a filing with the SEC on Friday, the company formerly known as Square said Dorsey has changed his title to Block Head. Block updated its […]
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Netflix and Facebook have given up most of the last few years’ gains since tech’s November peak
Zoom In IconArrows pointing outwards Meta and Netflix five-year performance CNBC Two members of the FAANG group have been defanged. In the five months since the Nasdaq’s peak late last year, Netflix and Facebook (now Meta) have gotten crushed, giving up most of the gains they’d accumulated over the prior half-decade. Netflix is down nearly […]
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Covid was the third leading cause of death in the U.S. last year, with only heart disease and cancer killing more
Covid-19 was the third leading cause of death in the U.S. last year, with only heart disease and cancer killing more people, according to data released Friday by the Centers for Disease Control and Prevention. Covid killed more than 415,000 people in 2021 and contributed to the deaths of 45,000 more people, about 20% more […]
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Ghost drones, helicopters and howitzers: Here’s a look at the weapons the U.S. is sending Ukraine
A Soldier conducts registration and calibration for the M777A2 howitzer weapon system in Syria, Sept. 30, 2021. U.S. Army Spc. Isaiah Scott | U.S. Army WASHINGTON — From heavy artillery to tactical drones to armored vehicles, the U.S. has provided $3.4 billion in weapons to Ukraine since Russia’s invasion two months ago. The latest military aid […]
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Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead
Cleveland Federal Reserve President Loretta Mester said Friday she’s in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery. That means a strong likelihood of backing a 50 basis point rate hike at the next Fed meeting and perhaps a few more after, but […]
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Bed Bath & Beyond stock jumps on report company received bids for Buybuy Baby unit
A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch on November 17, 2018 in Torrance, California. Randy Shropshire | Getty Images Bed Bath & Beyond’s shares have jumped on news that the company is considering offers to buy its BuyBuy Baby business. The news was reported by The […]
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5-year Treasury yield hits 3% following Powell’s comments on rate hikes
The 5-year U.S. Treasury yield topped 3% on Friday, after Federal Reserve Chairman Jerome Powell’s suggestion that a 50-basis-point rate hike could be in the cards in May. The yield on the 5-year Treasury note was last down 4 basis points at 2.937%. Earlier in the day it climbed as high as 3.05% and was […]
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Florida Gov. DeSantis signs bill revoking Disney’s special district status
View of the Walt Disney statue in front of Cinderella Castle inside the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Florida. Getty Images Florida Gov. Ron DeSantis on Friday signed into law a bill revoking the Walt Disney Company’s special district status in the state, just days after the legislation […]
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Morgan Stanley theorizes how Elon Musk’s tunnel company will one day work together with Tesla
“The ‘Muskonomy’ is starting to bloom,” analysts wrote. Source
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Another rough market puts two of our newest stocks on sale. So we’re buying more
We’re dipping into our large, low double-digit percent cash position to make these two buys into Friday’s broader stock market selloff. Source
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