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October 22, 2021

Breaking News: Investing

David Tepper doesn’t think stocks are a great investment here, but says it all depends on rates

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CNBC – For more and to sign up click here David Tepper, founder and president of Appaloosa Management. David Orrell | CNBC Hedge fund manager David Tepper turned somewhat bearish on the stock market, citing uncertainties around interest rates and inflation. “I don’t think it’s a great investment right year”......

Trump’s social media SPAC surges another 100% after shares quadruple

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CNBC – For more and to sign up click here The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images SPAC stands for special purpose acquisition company, which raises money on the public markets with a goal of merging......

Google’s pivot away from bank accounts shows why finance is a tough industry for tech giants

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CNBC – For more and to sign up click here The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images At least one tech giant has decided it’s better to serve banks rather than taking them head on. Google is shuttering its bank......

Dow futures jump more than 200 points after rising rates hit tech stocks on Wall Street

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CNBC – For more and to sign up click here U.S. stock index futures jumped during early morning trading on Thursday, after tech stocks dipped again on Wednesday as investors digest the impact from higher rates. Futures contracts tied to the Dow Jones Industrial Average gained 241 points. S&P 500......

UK energy titan SSE says low wind, driest conditions in 70 years hit renewable generation

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CNBC – For more and to sign up click here A wind turbine photographed in, Camelford, Cornwall, at sunset. Ashley Cooper | Corbis | Getty Images Energy giant SSE said that its renewable assets produced 32% less power than expected between April 1 and September 22 thanks to historically dry......

Higher-quality SPAC sponsors must emerge for once red-hot space to turn around

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images SPACs are getting a much-needed reality check as investors and regulators grow wary......

Wells Fargo pays $37 million to resolve Justice Department claims it defrauded currency customers

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CNBC – For more and to sign up click here Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo paid $37 million to settle a government lawsuit accusing the bank of defrauding hundreds of commercial customers. The......

Stock futures are flat after Dow, S&P snap 4-day losing streak following Fed decision

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CNBC – For more and to sign up click here U.S. stock index futures were little changed during overnight trading on Wednesday after the Federal Reserve kept benchmark interest rates unchanged, while indicating no immediate intention of removing stimulus policies. Futures contracts tied to the Dow Jones Industrial Average gained......

Investors believe it’s time to get very conservative in the stock market, CNBC survey shows

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CNBC – For more and to sign up click here A trader works on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Sept. 20, 2021. Michael Nagle | Bloomberg | Getty Images (Click here to subscribe to the new Delivering Alpha newsletter.) Wall Street investors believe......

JPMorgan Chase is buying college financial aid platform Frank to deepen ties with students

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CNBC – For more and to sign up click here JPMorgan Chase has acquired college planning platform Frank to deepen relationships with students and their parents, CNBC has learned exclusively. Frank is an online portal with tools that help students apply for and negotiate financial aid, enroll in online courses......

DraftKings makes $20 billion offer for UK sports betting company Entain, sources say

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CNBC – For more and to sign up click here Omar Marques | LightRocket | Getty Images DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people familiar with the matter told CNBC’s David Faber on Tuesday. The offer is largely in DraftKings stock,......

Revolut, the $33 billion fintech player, is rolling out commission-free stock trading in the U.S.

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CNBC – For more and to sign up click here Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California. Kimberly White | Getty Images Revolut, the global fintech player valued at $33 billion, will soon offer commission-free stock trading to U.S. customers for the......

Shell announces $9.5 billion sale of West Texas oil field assets to ConocoPhillips

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CNBC – For more and to sign up click here The Shell logo is displayed in front of a Shell gas station on July 30, 2020 in San Rafael, California. Royal Dutch Shell reported second quarter adjusted earnings of $638 million compared to a net profit of $3.5 billion one......

Suspicious trades were made before Goldman’s $2.2 billion acquisition of GreenSky, options experts say

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CNBC – For more and to sign up click here Sam Edwards | Getty Images The day before Goldman Sachs announced its $2.2 billion purchase of fintech lender GreenSky, someone placed options trades that immediately soared in value, moves that market participants say indicates advance knowledge of the deal. On......

Goldman Sachs is acquiring buy now, pay later fintech GreenSky for $2.2 billion

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CNBC – For more and to sign up click here David Zalik, founder and CEO of GreenSky. Chris Hamilton | GreenSky Goldman Sachs is acquiring digital lender GreenSky for $2.24 billion as the investment bank pushes further into consumer finance. The all-stock deal for GreenSky, called the biggest fintech platform......

Ray Dalio says if bitcoin is really successful, regulators will ‘kill it’

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CNBC – For more and to sign up click here Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019. Thomas Peter | Reuters Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, believes regulators would ultimately take control of bitcoin if......

Stock futures inch higher after Dow, S&P snap 5-day losing streak

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CNBC – For more and to sign up click here U.S. stock index futures were modestly higher during overnight trading on Monday, after the S&P 500 finished in the green, snapping a five-day losing streak. Futures contracts tied to the Dow Jones Industrial Average rose 75 points. S&P 500 futures......

Dow futures jump 200 points, rebounding from five straight days of losses

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CNBC – For more and to sign up click here U.S. stock index futures pointed to a market rebound on Monday as the S&P 500 comes off its longest daily losing streak since February. Futures contracts tied to the Dow Jones Industrial Average jumped 208 points, or 0.6%. S&P 500......

Grayscale CEO calls SEC ‘short-sighted’ after regulator’s comments on approval of a bitcoin ETF

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CNBC – For more and to sign up click here The CEO of the investment firm running the world’s biggest bitcoin fund sounded off on comments made by Securities and Exchange Commission chair Gary Gensler about the likely approval path for the first U.S. bitcoin ETF. Michael Sonnenshein, CEO of......

Didi jumps nearly 10% this week amid report of Chinese government taking it over

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CNBC – For more and to sign up click here Budrul Chukrut | LightRocket | Getty Images Shares of Didi posted near double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubled ride-hailing giant under state control by acquiring a stake......

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