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U.S. Stocks Close Lower to Start August
U.S. stocks closed lower on the first trading day of August, after having their best month sin July since 2022. The S&P 500 dropped 0.28%, the Nasdaq fell 0.18%, and the Dow slipped 0.14%. Brian Vendig, president of MJP Wealth Advisors,...
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Tesla Reports Rise in Quarterly Profits in Q2 2022 Earnings
Tesla announced Q2 2022 earnings after the close. Results were mixed, with an adjusted EPS of $2.27 and revenue of $16.93 billion. The electric vehicle maker also shared it plans to hit its delivery targets for 2022. Sean O'Hara,...
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Why Ford, JP Morgan Look to Unload Millions of Shares in Rivian
Major investors Ford and JP Morgan Chase are pulling out a large chunk of their stakes in EV maker Rivian — eight million and 13-15 million shares respectively. Anthony Sassine, CFA, senior investment strategist at KraneShares, joined...
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U.S. Stocks Close at Session Lows on Friday
U.S. markets closed the day at session lows as the Dow marked its fifth straight week of losses. Investors continue to weigh inflation and the ongoing Russia-Ukraine war and growing economic risk factors. George Seay, CEO of Annandale...
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Stocks Close Near Session Highs in Another Strong Day for Markets
U.S. stocks closed Tuesday's session near session highs. The Dow Jones Industrial Average rose 350 points, after rising more than 400 points at its session high. Shares were also impacted positively by optimism around peace talks in...
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Roundhill Investments Launches Meme Stock ETF
There's a new ETF designed to offer investors exposure to 'meme stocks.' Roundhill Investments launched it earlier this month and says the ETF is the first that is explicitly designed to track the performance of meme stocks. Roundhill...
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Meme Stocks Tumble as Investors Dump Risky Assets
Gabe Pincus, president of the investment advisor GA Pincus Funds, joined Wake Up With Cheddar to break down what's happening with meme stocks, as retail trader favorites AMC, GameStop, and Bed Bath & Beyond all moved sharply lower on...
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Robinhood Cleared by Federal Judge in Meme Stock Lawsuit
A federal judge tossed out a lawsuit against financial services platform Robinhood following the meme stock saga that swept the investment world. The judge said it found no wrongdoing on Robinhood's part after the platform halted trading...
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Lululemon Q3 Sees Growth in Men's Athleisure Sales but Mirror Sales Outlook Slashed
Caleb Silver, Investopedia Editor-in-Chief, joined Cheddar to break down Lululemon's Q3 earnings beat. Men's sales drove revenue up over the quarter, a key area that the company would want to grow, Silver said. He also noted that its...
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Sri Lanka declares food emergency as forex crisis worsens
President Gotabaya Rajapaksa introduces emergency regulations to control prices of essential food items.
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Deep Dive: Dow Jones Industrial Average Turns 125 Years Old
On May 26, 1896, the original dozen Dow Jones Industrial Average companies closed at 40.94. A century and a quarter later, the 30 companies that make up the index closed at 34,310.04. Cheddar takes a deep dive into the history of the...
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Firms must store more to avoid shocks to global supply chain, says MEP
Dutch MEP Samira Rafaela told Euronews that businesses must become less dependent on just-in-time supplies if future disturbances to international trade, like the pandemic or Suez Canal blockage, are to be avoided.
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The fight to boost the Pacific herring population
The Pacific herring population has been dwindling for years. Efforts are underway to bring back the fish stocks, which are vital to the regional ecosystem and a key traditional food source.
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Trader Says Tesla CEO Elon Musk Hosting 'SNL' Could Move Markets
Futures were relatively flat this morning to kick off the week. This is the busiest week of earnings season so far, with reports from big names like Tesla and Amazon. Lance Ippolito, Head Trader at the Future of Wealth, joined Wake Up...
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Zimbabwe: Dwindling blood supplies prompt calls for donors
Government-enforced COVID-19 lockdowns and restrictions on movement have led to fewer people donating blood.
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Stocks Making Moves This Week: Tesla, Gamestop & ViacomCBS
Cheddar's senior editor Carlo Versano joined Closing Bell to break down the biggest movers in the stock market this week. From big losses from Tesla thanks to supply chain issues that forced a halt in production, to GameStop continuing...
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GameStop: How day trader Reddit bros burned a Wall Street pro
The day trader attack on Gabe Plotkin’s six-year-old Melvin Capital has shifted the balance of power in equity markets in ways that would have seemed unimaginable only months ago.
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Wall Street vs Main Street: GameStop's shares shoot up again
The battle between Wall Street and small time investors continues to upend markets, prompting warnings from regulators.
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Vaccine distribution 'dry runs' a brilliant idea, doctor says
Given the logistical challenges Canadian winters can pose, Dr. Matthew Oughton, an infectious disease specialist at Montreal's Jewish General Hospital, said 'dry runs' for COVID-19 vaccine distribution are a great way to resolve problems...
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Robinhood or ‘robbing the ‘hood’? Outrage at online broker grows
The online brokerage restricted trading in ‘viral’ stocks, including GameStop, heightening anger among small-time traders.
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Stocks Close Lower Monday, but Dow Completes Best Month in Over Three Decades
Stocks end September on a sour note, but the Dow still completed its best monthly performance since 1987. Frances Newton Stacy, Director of Strategy at Optimal Capital, says Monday's pullbacks shouldn't be enough to derail the recent...
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Stocks Close Lower as Investors Digest President-Elect Biden's Latest Relief Plan
Stocks closed lower to end a volatile week on Wall Street, just one day after President-Elect Biden unveiled his plan for a $1.9 trillion coronavirus relief bill. Megan Horneman, Director of Portfolio Strategy at Verdence Capital...
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Stocks Close Higher, 2021 Has Potential to Be 'One for the Record Books'
Stocks closed higher Tuesday on the eve of President-elect Joe Biden's inauguration. Keith Fitz-Gerald, Chief Investment Officer at Fitz-Gerald Group, says 2021 has the potential to be 'one for the record books' and that this opportunity...
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Nasdaq Closes at Record Ahead of Busy Earnings Week
Stocks closed mixed on Monday, with the Nasdaq hitting a record close ahead of a busy earnings week that includes the likes of Apple, Facebook, Microsoft and Tesla. R 'Ray' Wang, Principal Analyst & Founder, Constellation Research, says...