Trader Talk

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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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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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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TikTok has reached a landmark deal that, if approved, would safeguard its operations and future in the U.S. Oracle Corporation (NYSE:ORCL), and ByteDance have reached an agreement that will see TikToKs operations merged with Oracle. However, the viral video sharing app will not be acquired outright as initially thought. ByteDance has already confirmed it will
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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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Bitcoin is one of the best performing alternative asset classes giving the stock market a race for its money. A 30% plus rally since the start of the year attests to strong demand for the flagship cryptocurrency that is increasingly arousing institutional investors’ interest. Buoyed by the digital asset strong demand, Fidelity Investment is reportedly
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Thursday markets were mixed and the Dow briefly turned positive for 2020, before slipping back down before the markets closed. The Dow ended up being up 0.6%, while the S&P 500 inched 0.2% higher, and the Nasdaq fell 0.3%. The Stoxx Europe 600 Index fell 0.6% to 370.72, this was the biggest fall in a
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