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Earlier this week Chinese e-commerce giant Alibaba (NYSE: BABA) said that it would split into six businesses. The stock soared after the announcement and Morgan Stanley sees more upside amid the value unlocking. Alibaba would become a holding company and would split the business into six units. These are The Taobao Tmall Commerce Group, Cainiao…
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Online trading is among the many ways you can earn money online. Immediate Connect touts itself as a powerful online trading system for newbies and experts. The platform reportedly generates money for users through automated trading. It’s reviewed by experts as a fully automated trading bot. The bot reportedly trades up to 300 assets in…
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With a YTD loss of 25%, Rivian stock (NYSE: RIVN) is underperforming the markets as well as EV (electric vehicle) peers in 2023. Can the startup EV company recover from the lows? Here’s what Wall Street thinks. 2022 was a bad year for EV stocks, to say the least. Tesla had its worst year ever…
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The US Fed raised its policy rates by 25 basis points yesterday. US stocks whipsawed but eventually major indices closed with losses of over 1.5%. After the 25-basis point rate hike, the Fed raised interest rates to 4.75-5.0%. At the meeting that concluded on February 1 also the Fed had raised rates by 25 basis…
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Meme stock darling GameStop (NYSE: GME) is trading sharply higher in US premarket price action today after reporting a surprise profit for the fourth quarter of the fiscal year 2022. Is a short squeeze coming? GameStop reported revenues of $2.23 billion in the fiscal fourth quarter that ended on January 28. While sales were below…
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Bitcoin Sprint is one of the online money-making tools that have gone viral in 2023. This platform purportedly uses AI to speculate on bitcoin. It does all the trading on autopilot and reportedly delivers the profits straight into your account. The platform is massively popular, with an active user base of over 10,000. It has…
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Trading robots are taking over the online trading market by storm. Quantum System emerges as the most popular online trading robot in 2023. The bot trades hundreds of assets in forex, stock, and crypto. Quantum System reportedly automates the entire trading process. This explains why most expert reviewers recommend it for beginners. But is Quantum…
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The next Fed meeting is scheduled for March 21-22. While on multiple occasions the US central bank has said that it is “data dependent” it might also factor in the troubles in the banking sector during the rate hike decision. After the 25-basis point rate hike on February 1, the Fed raised interest rates to…
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After the failure of SVB and Signature Bank in quick succession, regional bank stocks have crashed. Here’s what Wall Street thinks about the recent price action. The SDPR S&P Regional Banking ETF plunged yesterday and hit its 52-week low of $41.92 intraday. While it rebounded from the day’s lows it still lost 12.3%. First Republic…
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Goldman Sachs believes that the US Fed would not raise rates at its upcoming March meeting. The outlook for rate hikes has changed drastically over the last week. At the beginning of the last week, a 25-basis point rate hike at Fed’s March meeting looked almost like a done deal. However, after Fed chair Jerome…
