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Weekly jobless claims higher than expected
First-time claims for unemployment insurance rose more than expected last week despite other signs of healing in the jobs market,…
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Fed officials say easy policy will stay in place until economic ‘outcomes’ are achieved
Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment…
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Plaid valuation tops $13 billion in first funding after a scrapped $5.3 billion merger with Visa
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S.,…
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Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’
Jamie Dimon is bullish on the U.S. economy – at least for the next few years. Dimon, the long-serving JPMorgan…
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Morgan Stanley dumped $5 billion in Archegos’ stocks the night before massive fire sale hit rivals
The night before the Archegos Capital story burst into public view late last month, the fund’s biggest prime broker quietly…
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GameStop shares cut losses after the Reddit favorite plans a $1 billion stock sale
John Smith | Corbis News | Getty Images Shares of GameStop pared their double-digit losses in volatile trading Monday after…
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Wall Street’s top analysts are backing buy-rated stocks like Facebook and Micron
Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC With focus locked in on the emergence from the pandemic, there is…
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Jobs report blows past expectations as payrolls boom by 916,000 in March
Job growth boomed in March at the fastest pace since last summer as stronger economic growth and an aggressive vaccination…
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Weekly jobless claims higher than expected despite signs of labor market improvement
First-time claims for jobless benefits were higher than expected last week, with 719,000 more workers heading to the unemployment line,…
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Robinhood gets rid of confetti feature amid scrutiny over gamification of investing
Avishek Das | LightRocket | Getty Images Robinhood is redesigning some of its app features — most notably ditching its…
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Investors see higher interest rates as the biggest threat to stocks, expect 10-year yield to hit 2%
Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City.…
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Private payrolls hiring bursts at fastest pace since September on rise in hospitality hiring
Waiter Boris Macquin serves customers behind plexiglass outside at Figaro Bistro on the first day Los Angeles County allows indoor…
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Goldman Sachs is close to offering bitcoin and other digital assets to its wealth management clients
Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its…
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Meet Bill Hwang, the man behind Archegos, the fund that sent shockwaves through Wall Street
A massive margin call affected a little-known family office last Friday, incurring billions of dollars in losses for certain banks…
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How Goldman and Morgan Stanley avoided losses after fund meltdown burned Nomura, Credit Suisse
People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, March 19, 2021.…
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Top Wall Street analysts bet on these stocks for long-term growth
The logo of Alcon is seen on the company’s corporate headquarters in Huenenberg, Switzerland, on Monday, Jan. 4., 2010. Peter…
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SoFi to give amateur investors early access to IPOs in break from Wall Street tradition
Anthony Noto, CEO of SoFi Adam Jeffery | CNBC Online finance start-up SoFi is lowering the barrier for amateur investors…
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Powell praises economic recovery and sees Fed pulling back help after ‘substantial’ progress
Federal Reserve Chair Jerome Powell prepares for a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and…
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Credit Suisse is giving junior bankers special $20,000 bonuses, raises after Goldman analyst revolt
Credit Suisse bank. NurPhoto | NurPhoto | Getty Images One Wall Street firm may have found a solution to the…
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GameStop shares fall 13% on lack of transformation detail, possible share sale
Investors finally got a look at GameStop‘s fundamentals following a Reddit-fueled trading frenzy earlier this year and were left wanting…
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Fed’s Kaplan said he expects an interest rate hike in 2022
Dallas Federal Reserve President Robert Kaplan told CNBC on Tuesday he likely will favor an interest rate increase before the…
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Citigroup CEO Jane Fraser calls for Zoom-Free Fridays and new bank holiday as pandemic fatigue grows
Citigroup CEO Jane Fraser told staff that she is banning internal video calls on Fridays, encouraging staff to set boundaries…
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What investors have learned one year since the stock market bottomed
Traders work on the floor of the New York Stock Exchange. NYSE It’s the anniversary of the big drop: What’s changed? …
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Top Wall Street analysts are unanimously bullish on these stocks
Amazon.com delivery trucks in Richmond, California, U.S., on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images…
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Visa shares fall after report says DOJ is probing possible anticompetitive debit card practices
Norm Betts | Bloomberg | Getty Images Visa shares dropped sharply in midday trading Friday after a report said the…
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SPACs break 2020 record in just 3 months, but the red-hot industry faces challenges ahead
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street…
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The Fed will not extend a pandemic-crisis rule that had allowed banks to relax capital levels
The Federal Reserve on Friday declined to extend a pandemic-era rule that relaxed the amount of capital banks had to…
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Goldman’s junior bankers complain of crushing workload amid SPAC-fueled boom in Wall Street deals
A pedestrian passes in front of 200 West Street, which houses the headquarters of Goldman Sachs Group Inc., in New…
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Jobless claims show unexpected increase despite relaxed economic restrictions
First-time claims for jobless benefits showed an unexpected jump higher to 770,000 as the labor market tries to recover from…
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Here’s where the Federal Reserve sees interest rates, the economy and inflation going
The Federal Reserve building is pictured in Washington on Monday, March 8, 2021. Caroline Brehman | CQ-Roll Call, Inc. |…
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Plug Power dives after announcing it will restate financial results
Plug Power GenDrive Fuel Cell with GenFuel hydrogen. Source: Plug Power Shares of Plug Power dropped more than 15% during…
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One year ago stocks dropped 12% in a single day. What investors have learned since then
Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City.…
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The U.S. solar industry posted record growth in 2020 despite Covid-19, new report finds
Peter Cade | Stone | Getty Images U.S. solar installations reached a record high during 2020 as favorable economics, supportive…
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Wall Street’s top analysts see these stocks as compelling plays
Signage is displayed on the ZoomInfo Technologies headquarters in Waltham, Massachusetts, on Wednesday, June 3, 2020. Scott Eisen | Bloomberg…
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Successful value investor tries activist strategy with an e-commerce health insurance play
Scott Flanders, CEO of eHealth Adam Jeffery | CNBC Company: eHealth Inc. (EHTH) eHealth provides private health insurance exchange services…
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Warren Buffett’s net worth surpasses $100 billion for the first time as Berkshire shares hit record
Warren Buffett. Gerald Miller | CNBC Warren Buffett‘s net worth topped $100 billion for the first time as Berkshire Hathaway…
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Weekly jobless claims rise less than expected with Biden set to sign $1.9 trillion Covid package
Weekly jobless claims rose less than expected last week, but remained above pre-pandemic levels, as the U.S. economy tried to…
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Retail investor ranks in the stock market continue to surge
Pavlo Gonchar | LightRocket | Getty Images Retail investors are continuing to jump into the market in droves even after…
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The SEC says never invest in a SPAC based solely on a celebrity’s involvement
The headquarters of the US Securities and Exchange Commission (SEC) is seen in Washington, DC, January 28, 2021. Saul Loeb…
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Chevron CEO believes stock is a great long-term value play, which attracted Buffett to the name
Michael Wirth, CEO, Chevron, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galica | CNBC…
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Cathie Wood’s Ark Innovation fund is set for a big rebound Tuesday as Tesla, other tech darlings pop
Cathie Wood, CEO and founder of ARK Invest. CNBC Widely followed investor Cathie Wood is about to recoup some of…
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Goldman Sachs forecasts a jobs boom, says unemployment rate could fall to 4.1% by the end of 2021
Workers transport the second shipment of the Johnson & Johnson Covid-19 coronavirus vaccine upon its arrival at the O R…
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Activist Spotlight: What’s behind the campaign to force changes at Kohl’s
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Company: Kohl’s Corp (KSS) Kohl’s operates…
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Here’s where the jobs are — in one chart
The number of jobs added to U.S. payrolls in February blew past expectations thanks to a sharp rebound in restaurant…
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Job growth surges in February on hiring jump in restaurants and bars
Hiring surged in February as the U.S. economic activity picked up amid a progressive drop in Covid-19 cases and vaccines…
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Why this rate-driven sell-off is hitting tech stocks the hardest
A Model X is on display at a Tesla showroom on February 13, 2021 in Beijing, China. VCG | Visual…
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Melvin Capital posts return of more than 20% in February, sources say
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in…
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Exxon CEO Darren Woods promises investors a strong dividend despite 2020 losses
Exxon CEO Darren Woods emphasized the oil giant’s commitment to its dividend after the company lost more than $20 billion…
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‘Buzz’ ETF tracking social media sentiment launches Thursday amid Reddit manias in stocks
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via…
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Shares of Rocket Companies are dropping after a 70% irrational pop in the heavily shorted name
A Reddit logo seen displayed on a smartphone with stock market prices in the background. Omar Marques | LightRocket |…
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