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September 30, 2020
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Breaking News: Investing

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Disney leads companies announcing layoffs; big airline job cuts loom

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CNBC – For more and to sign up click here An employee cleans the grounds behind the closed gates of Disneyland Park on the first day of the closure of Disneyland and Disney California Adventure theme parks, in Anaheim, California, on March 14, 2020. DAVID MCNEW | AFP | Getty......
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JPMorgan Chase to pay $920 million to resolve U.S. investigations into trading practices

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CNBC – For more and to sign up click here JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase is set to pay a record $920 million to resolve probes from three......
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Earnings season kicks off soon and results could be better than feared

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CNBC – For more and to sign up click here Earnings season kicks off in a couple weeks, and here’s why it may be better than expected. The S&P 500 is down 4% for the month, the first down month since March, but investors are expecting big things from corporate......
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What the post-coronavirus workplace might look like

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CNBC – For more and to sign up click here What will the post-Covid workplace look like? Steelcase is one of the largest manufacturers of office furniture — desks, chairs, storage products and office pods — and they have a lot of ideas. They are partnering with MIT to better......
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Stock futures little changed following sell-off on Wall Street

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CNBC – For more and to sign up click here Stock futures were slightly higher during overnight trading as the major averages attempted to recover from Wednesday’s heavy losses, which saw the S&P 500 tumble more than 2%. Futures contracts tied to the Dow Jones Industrial Average rose 0.13%, pointing......
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Stocks making the biggest moves after hours: Tesla, Dollar Tree, Jefferies Financial Group & more

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CNBC – For more and to sign up click here A Tesla Inc. vehicle charges at a charging station in San Mateo, California, U.S., on Tuesday, Sept. 22, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell:  Jefferies Financial Group —......
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JPMorgan to pay almost $1 billion fine to resolve US investigation into trading practices

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CNBC – For more and to sign up click here A man is reflected in a sign outside of the JPMorgan Chase headquarters in New York City. Getty Images JPMorgan Chase is close to paying almost $1 billion to resolve government investigations into the alleged manipulation of metal and Treasuries......
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JPMorgan traders complain that bank doesn’t inform all staff of coronavirus cases at headquarters

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CNBC – For more and to sign up click here Spencer Platt | Getty Images Some JPMorgan Chase traders are upset that they only learned about a coronavirus case in their building last week from press reports, CNBC has learned. When the bank discovered that an employee on the fifth......
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Nikola saga hits three speculative areas at once: SPACs, Robinhood traders and electric vehicles

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Bank trading floors could be poised for a makeover in the wake of Covid-19

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CNBC – For more and to sign up click here A member of exchange staff uses a fixed-line telephone while looking at financial data on computer screens on the trading floor of Bats Europe, the European arm of Bats Global Markets Inc., in London, U.K.. Jason Alden/Bloomberg | Bloomberg |......
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Apple has quietly dropped 22% from its peak, giving up $500 billion in market cap

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CNBC – For more and to sign up click here Well, that was fast. It took just 12 trading sessions for Apple to plunge more than 20% from its all-time high, shedding over half a trillion in market capitalization. The tech giant has lost 22.5% from its intraday record high......
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Stock picking has a terrible track record, and it’s getting worse

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CNBC – For more and to sign up click here A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Stock picking has a terrible track record, and it’s getting worse. That’s the thesis of Larry Swedroe and......
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Chime is now worth $14.5 billion, surging past Robinhood as the most valuable US consumer fintech

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CNBC – For more and to sign up click here Chime CEO Chris Britt Source: Chime The fintech world has a new heavyweight. Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. That lofty......
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BlackRock, the world’s largest asset manager, may never be 100% back in the office, CEO Fink says

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CNBC – For more and to sign up click here Laurence “Larry” Fink, chairman and chief executive officer of BlackRock. Chris Goodney | Bloomberg | Getty Images As work from home stretches on, BlackRock CEO Larry Fink said he doesn’t ever foresee all employees returning to the office. “I don’t......
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Snowflake buyers beware: IPOs that doubled have poor track record after that debut

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CNBC – For more and to sign up click here Snowflake IPO begins trading at the NYSE on Sept. 16th, 2020. Source: NYSE So you think Snowflake up over 100% on its first day is a big deal? Nah, there’s been plenty of companies that have had first day pops......
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Activist ValueAct played a key role in speeding up Citigroup CEO’s retirement, sources say

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CNBC – For more and to sign up click here CEO Michael Corbat answers questions at Citi’s 2017 Investor Day. Source: Citigroup.com Three years ago, Michael Corbat strode onto the stage of a ballroom in midtown Manhattan and proclaimed that a new day had arrived at Citigroup. The bank had......
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This will be the biggest year ever for software IPOs as coronavirus and work-from-home show value

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CNBC – For more and to sign up click here The software business is on fire. This is going to be by far the biggest year for software IPOs in history. Four big software IPOs are pricing this week: Snowflake, Unity Software, JFrog, and Sumo Logic. Palantir and Asana are......
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Tesla shares jump 10% amid tech rebound, Goldman comments

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CNBC – For more and to sign up click here Tesla CEO Elon Musk speaks during a meeting with Chinese Premier Li Keqiang (not pictured) at the Zhongnanhai leadership compound in Beijing on January 9, 2019. MARK SCHIEFELBEIN | AFP | Getty Images Tesla shares jumped more than 10% on......
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Goldman Sachs is taking what it learned from a $100 million acquisition to upgrade the Marcus app

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CNBC – For more and to sign up click here Goldman Sachs is taking what it learned from a $100 million acquisition to upgrade the Marcus app SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
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JPMorgan creates new team to trade shares of pre-IPO giants including SpaceX, Robinhood and Airbnb

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CNBC – For more and to sign up click here JPMorgan Chase thinks it’s found the next hot market for investors:  Taking stakes in giant, pre-IPO start-ups from SpaceX to Airbnb. The investment bank is launching a new team to connect sellers and buyers in the burgeoning market for private......

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