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Elon Musk sells nearly $7 billion worth of Tesla stock to fund his Twitter deal.

Elon Musk sells nearly $7 billion worth of Tesla stock to fund his Twitter deal.

Elon Musk, the chief executive of electric vehicle maker Tesla, has sold about $7 billion worth of company stock, a move he said on Twitter was an effort to raise cash in case he was forced to complete its $44 billion deal to acquire Twitter. The sale of 7.92 million Tesla shares began on Friday, …

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Dow Jones Futures: Stock market rally faces key inflation report

Dow Jones Futures: Stock market rally faces key inflation report

Dow Jones futures were higher after Monday’s stock action. On Wednesday, a key inflation report – the Labor Department’s Consumer Price Index – is due out. And Nvidia stock plunged more than 6% after the chip giant issued a revenue warning in the current quarter. X American international (IGA), Novavax (NVAX), medical shock wave (SWAV) …

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A 21,000% rise in little-known AMTD Digital is the latest meme stock craze, analyst says

A 21,000% rise in little-known AMTD Digital is the latest meme stock craze, analyst says

The wild swings in the stock price of a largely unknown Hong Kong-based fintech company in recent days have reminded some analysts and traders of the “meme stock” craze that has grabbed headlines and fueled controversy early last year. On Tuesday, the share price of online financial services firm AMTD Digital was more than 21,000% …

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Fuel cell truck maker Hyzon's stock suffers record drop after accounting issues spark delisting fears

Fuel cell truck maker Hyzon’s stock suffers record drop after accounting issues spark delisting fears

Shares of Hyzon Motors Inc. suffered a record drop to a record low on Friday, after the fuel cell truck maker disclosed a ‘myriad of issues’, including accounting irregularities that will cause it to miss the filing deadline. for the second quarter results. This prompted a number of analysts to exit their bullish positions, including …

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AMC Entertainment Holdings, Inc. Announces Special Dividend of AMC Preferred Stock Units

AMC Entertainment Holdings, Inc. Announces Special Dividend of AMC Preferred Stock Units

LEAWOOD, Kansas, August 04, 2022–(BUSINESS WIRE)–AMC Entertainment Holdings, Inc. (NYSE: AMC) (the “Company” or “AMC”), today announced that it has declared a special dividend of one unit of AMC Preferred Equity (an “AMC Preferred Equity Unit Company”) for each Class A common share of AMC, par value $0.01 per share (the “Common Share”), outstanding at …

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The mystery of the “meme stock” that no one had ever heard of, which went from a market capitalization of $1 billion to more than $400 billion in a matter of days

The mystery of the “meme stock” that no one had ever heard of, which went from a market capitalization of $1 billion to more than $400 billion in a matter of days

What is AMDD Digital in the world, and who is behind it? That’s the question many investors are asking after an unknown Hong Kong company managed to join the ranks of global megacaps worth around half a trillion dollars on Tuesday. It started when the American Depository Share (ADS) with the stock code HKD widened …

The mystery of the “meme stock” that no one had ever heard of, which went from a market capitalization of $1 billion to more than $400 billion in a matter of days Read More »

Dow Jones Falls amid Pelosi's visit to Taiwan;  AMTD Digital Stock is Exploding, But Consider This;  Jump Actions MPWR

Dow Jones Falls amid Pelosi’s visit to Taiwan; AMTD Digital Stock is Exploding, But Consider This; Jump Actions MPWR

The Dow Jones Industrial Average fell as stocks struggled amid House Speaker Nancy Pelosi’s visit to Taiwan. China Action Digital AMTD (HKD) exploded and is now up nearly 26,000%. Monolithic power systems (MPWR) surged on strong results. caterpillar (CAT) fell on earnings. X A few standout actions managed to stage breakouts amid the mixed action. …

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AMD stock slips as revenue forecast drops below Street consensus

AMD stock slips as revenue forecast drops below Street consensus

Shares of Advanced Micro Devices Inc. fell in Tuesday’s extended session after the chipmaker’s revenue forecast fell below Wall Street consensus after posting record sales, beating Street expectations and reporting a huge increase in data center sales. “Taking a step back, while there has been additional weakness in the PC market in recent months, we …

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Why the Stock Market Rebounded in July and What's Next, Experts Say

Why the Stock Market Rebounded in July and What’s Next, Experts Say

Last month, the stock market delivered a storyline that rivals any TV show. After an almost historic drop during the first half of the year, the S&P 500 — a popular index to which many 401(k) accounts are pegged — rebounded in July with its strongest month since November 2020. The other major indexes, the …

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