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Lyft stock has risen sharply over the last few trading sessions on rumors that the company could be a takeover target. The stock has rebounded from its all-time lows but is still deep in the red for the year. Social media users have speculated that companies like General Motors might acquire Lyft. While these rumors…
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Amazon was the worst performing FAANG stock of 2021 and rose only 2.3%. It underperformed not only the FAANG peers but also the S&P 500. 2022 has been tough for tech stocks and Amazon has also lost almost a quarter of its market cap in the year. However, it is still the second-best performing FAANG…
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Shopify stock is trading sharply lower today after the company announced that it would be laying off 10% of its workforce. The company joins the long list of tech companies that have either laid off employees or gone slow on hiring amid the economic slowdown. Even the Big Tech US companies are also not immune…
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The second-quarter earnings season is in a full swing. Streaming giant Netflix is set to release its quarterly performance tomorrow after the close of markets. What should investors expect from the company? Netflix is the first FAANG stock to report its quarterly performance. This year, it is the worst-performing FAANG stock and is down almost…
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Apple stock is down 5% so far in 2021 and is underperforming the broader markets as well as the FAANG peers. Can the stock reverse its recent underperformance and hit the $3 market capitalization that some analysts are projecting? In the FAANG pack, Apple is the second-worst performer in 2021 while Netflix is the worst…
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Churchill Capital IV (CCIV) stock fell 7.4% yesterday and is now down almost 70% from its 52-week week highs. The stock has been on a free fall ever since it announced a merger with Lucid Motors. CCIV SPAC (special purpose acquisition company) stock had surged to almost $65 or a 550% premium before the merger…
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Southeast Asia’s ‘super-app’ Grab has agreed to go public through a SPAC merger with Altimeter Growth Corp in a deal that values the firm at $40 billion as companies continue to favor this alternative to list their shares in the United States stock market. According to the paperwork filed with the US Securities and Exchange…
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Per Lekander, fund manager at Lansdowne Partners has said that Tesla stock is in a bubble. The stock has looked weak in 2021 after having risen 740% in 2020. The market opinion has always been mixed on Tesla. There is a large section of the market that believes that Tesla stock is in a bubble…
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Bitcoin has created its fair share of millionaires since its explosion in 2016. According to Forbes, at least 17,000 of bitcoin addresses contain more than $1 million worth of bitcoin today. But the highest number of millionaires is estimated to be among traders who use sophisticated tools to speculate on the crypto. Today, there are…
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People no longer have to wait for their paychecks. Thanks to technology and innovation in the finance industry, you can now access part of your paycheck before your payday. Your phone or any other mobile device is all you need to apply for a cash advance. Over the years, for most Americans living on a…
