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Like a number of growth stocks, Bitcoin (CRYPTO: BTC) has crashed hard this year. The largest cryptocurrency is down more than 50% from its peak last fall as investors have moved away from risk assets and Bitcoin has failed to live up to its reputation as an inflation hedge. While some investors seem to believe that the cryptocurrency is cheap after falling so far from its previous peak, that argument seems suspect when taking a closer look...
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Yahoo Finance's Julie Hyman breaks down the latest business news headlines regarding the baby formula shortage, Meta tech, and gun control legislation...
Continue ReadingMVRS? It's time to get used to the new symbol for Meta Platforms, the S&P 500 company formerly known as Facebook...
Continue ReadingIn this piece, we will look at the top technology stocks that billionaire Steven Cohen’s hedge fund held on to in the first quarter of this year despite a massive selloff. If you want to jump ahead to the top five stocks in this list, then head over to Steve Cohen Is Holding These 5 […]...
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Facebook parent Meta Platforms began trading under its new META ticker symbol Thursday, ending more than a decade as FB on the Nasdaq...
Continue ReadingMeta Platforms (NASDAQ: FB) has had an unfortunate year up to this point. The dominant social media platform's stock has plunged 43% year to date, which is quite a collapse compared to the S&P 500 and Nasdaq Composite, which have declined 14% and 24% over the same time period, respectively. The company is struggling in part due to the broader retreat from technology stocks that has resulted from high inflation, the Federal Reserve's decision to raise interest rates in response, and global impacts from the war between Russia and Ukraine...
Continue ReadingUniversal's "Jurassic World: Dominion" enters domestic theaters Friday, and it will snag the majority of premium format screens from "Top Gun: Maverick."...
Continue ReadingAs hockey great Wayne Gretzky puts it, "... skate to where the puck is going to be, not where it has been."...
Continue ReadingMeta Platforms Inc rebranded from its eponymous social networking platform in October 2021, betting that the metaverse, a shared virtual realm, will succeed mobile internet. Mark Zuckerberg, Meta's co-founder and CEO, established Facebook in 2004 from his Harvard dorm as a way for students to meet via the internet. Little did the then 19-year-old student know that Facebook would become integral to many people's social life, with nearly three billion monthly users, and expand to include popular social media apps Instagram and Whatsapp in its universe...
Continue ReadingWe've never unwound a close to $9T central bank balance sheet before, let alone do so as the entire economy skates on the thinnest ice seen in these parts for quite some time...
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