Stock Market

Nikola Corporation (NASDAQ:NKLA) is under immense pressure on being accused of making an ‘Ocean of Lies’ about its technology. The junior electric car company market sentiments have since turned sour on the founder and chairman Trevor Milton, stepping down as the allegations continue to get out of hand. Nikola Waning Confidence Short selling firm Hindenburg
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Walmart Inc. (NYSE:WMT) is raising the minimum wage for its employees, even as the COVID-19 pandemic continues to take a toll on the traditional retail landscape. A good number of brick and mortar are struggling to stay afloat as the epidemic continues to disrupt shopping patterns. Amid the COVID-19 shocks, the nation’s largest retailer believes
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The three major New York stock exchanges saw another decrease today, with the NASDAQ falling a total of 116.99, the Dow Jones 244.56, and the S&P 500 37.54. With the second straight day of decreasing stocks for all three New York exchanges, it’s difficult to say what the new week may bring. The NASDAQ closed
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Midday sales for several of the top brands were dramatic through Thursday, including sales for companies such as Dave & Buster’s Entertainment, Domino’s Pizza, Herman Miller and Tesla, with several companies seeing dramatic increases while others fell. Stores and companies that saw their market revenue decrease included Tesla, Dave & Buster’s Entertainment, Snowflake and First
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All three major stock markets saw a decrease today including the Dow Jones, NASDAQ and S&P 500 Indexes. These decreases represent a variation in stock prices with numbers rising and falling frequently throughout the day before hitting their ultimate closing prices. The Dow Jones reported a decrease of 130.4 points, representing a decrease of 0.47%.
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Amazon announced Monday that they would be adding to their streaming service with their own podcast service, which seems to have attracted investors away from other streaming services. In fact, Spotify shares have dropped each day since the Monday announcement, starting down an additional 6% on Wednesday. The market for podcasts is quite competitive, and
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Chinese firms are increasingly feeling the effects of escalating tensions between Beijing and Washington. While the focus has been on TikTok and Huawei in recent months, China National Chemical Corp is the latest, to feel the fallout effects. The state-owned firm is struggling to elicit strong demand on unveiling $3 billion worth of bonds. China
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Strong demand for cloud-computing offerings amid the work-from-home spectacle is poised to give rise to one of the biggest Initial Public Offerings, in one of the most challenging market environments. Cloud storage software maker, Snowflake is planning to go public as it looks to take advantage of investors pouring money into the cloud market. Snowflake
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Markets today finished mixed for Monday. The Dow Jones Industrial Average was down 0.78%, while the S&P 500 slipped just 0.22% and the Nasdaq was up 0.68%. The European Stoxx 600 dipped 0.62% today. Zoom saw a big leap of 17% in extended-hours trading following their earnings reports. The Dow’s composition changed on Monday with
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