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Wall Street
Alibaba Stock Sinks Despite Brightening Regulatory Picture. Is This Time Really
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After a brutal 2021, Alibaba stock is enjoying a relatively resilient…
Buffett disciple Mohnish Pabrai names his 2 favorite investing books right now
Looking to invest in stocks with long-term value? Veteran investor Mohnish Pabrai has two books to recommend.Speaking to CNBC Pro Talks, Pabrai — a value investor and disciple of billionaire Warren Buffett — said that "100 to 1 in the…
Shares slide as sentiment ebbs on rate fears, yields rise
Investors cautious ahead of ECB meeting, U.S. CPI dataWhite House expects next inflation numbers to be elevatedCrude surges to 13-week high on rising U.S. demandGlobal growth worries sap investment sentimentNEW YORK, June 8 (Reuters) -…
Wall Street set to open lower as tech rally loses steam
The logo of Microsoft is seen at an office building in Wallisellen, Switzerland December 21, 2020. REUTERS/Arnd WiegmannRegister now for FREE unlimited access to Reuters.comRegisterWestern Digital rises on review of strategic…
Even if oil hits $150 a barrel, J.P. Morgan’s Marko Kolanovic predicts stocks will
J.P. Morgan's Marko Kolanovic predicts oil is surging higher — but so are stocks.Kolanovic, who serves as the firm's chief global markets strategist and co-head of global research, believes the U.S. economy is strong enough to handle oil…
ProFrac gets a unanimously bullish endorsement from Wall Street
Shares of ProFrac Holding Corp. powered to a fresh high Tuesday, after Wall Street gave the fracking services company a unanimously bullish endorsement, a little less than a month after a relatively disappointing…
Stocks shaky as hawkish RBA heightens policy worries
MILAN/SINGAPORE, June 7 (Reuters) - World shares fell on Tuesday and bond yields remained supported as a surprise 50-basis-point rate increase in Australia raised concern over policy tightening ahead of U.S. inflation data and a European…
ServiceNow CEO says current economic downturn ‘is not even close’ to 2008 crisis
ServiceNow Chief Executive Bill McDermott told CNBC's Jim Cramer on Monday that he doesn't expect the current economy to undergo a market downturn like the 2008 financial crisis."This is not even close to 2008. In 2008, I was with a…
Amazon stock pops first day of trading on 20-for-1 split basis
Amazon's (AMZN) stock popped more than 4% during its first day of trading since splitting its shares 20-for 1.In March, the e-commerce giant announced investors would receive 19 additional shares for each one they owned on a…
There is another act to come in this market drama
The writer is chair of Rockefeller InternationalUS stocks have pulled back from the edge of the cliff — the 20 per cent drop that defines a bear market. Now many people are wondering how this drama, still the worst start of any…