In Billionaire Space Race, Sir Richard Branson Takes the Lead

The space race is heating up with bilionaires jockeying to be the first to propel humans into space. Richard Branson is poised to be first. | Source: Shutterstock; Edited by CCN By CCN Markets: Who would have thought that the newfangled space race would be funded by nerdy billionaires, one of whom has been knighted? […]

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GE Stock Rebounds, Short-Seller Citron Slams ‘Arrogant’ Whistleblower

Formidable short-seller Citron Research slams whistleblower Harry Markopolos following his GE ‘fraud’ report. GE stock rebounds – for now. | Source: PATRICK HERTZOG / AFP By CCN Markets: Formidable short-seller Citron Research this morning slammed legendary Madoff whistleblower Harry Markopolos following his 170-page General Electric “fraud” report. GE stock tanked almost 12% Thursday on the […]

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Here’s How Much Jeff Bezos Lost on the Stock Market’s Worst Day of 2019

The world’s richest man lost billions in a single day. | Source: Photo by JASON REDMOND / AFP The US stock market collapsed yesterday, wiping out more than $700 billion in a matter of hours. Jeff Bezos was among the many billionaires that saw his net worth slashed, but how much did the Amazon boss […]

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Stock Market Investors Might Want to Be Greedy & Pile into Square

The stock market just suffered its most brutal week of the year so far, and Square was not immune to the pressure. Did investors overreact? | Source: Shutterstock The two biggest emotions that fuel the stock market are fear and greed. One will send stocks swooning, while the other can create bubbles. But as Warren […]

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Apple Earnings Fall yet the Stock Pops. What Gives?

Chinks are starting to appear in Apple, as quarterly earnings were generally unimpressive. When Apple reports a quarter like this, the stark contrast between the visionary Steve Jobs and game–manager Tim Cook becomes readily apparent. Sad, Sad Numbers Product revenues for the quarter were $42.35 billion, which is an incredible number on an absolute basis. […]

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Beyond Meat Tanks 13 Percent After-Hours Because of This Terrible News

Beyond Meat reported its quarterly earnings on Monday. The numbers are not terribly impressive and hardly justify Beyond Meat’s stock valuation. Yet the company made a separate announcement that tanked the stock and will continue to tank the stock going forward. Beyond Meat’s stock was under pressure in after-hours trading. | Source: Yahoo Finance First, […]

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Amazon Earnings Miss the Mark, Stock Drops $15 in After-Hours Trading

Amazon stock is down about $15, or 1 percent, in after-hours trading after the company missed earnings estimates by 6 percent. The e-commerce giant did manage to beat the revenue estimate by about 1 percent. Results do not include Prime Day. Amazon’s Revenue Now Half of Walmart’s Amazon continues to crush the retail and cloud […]

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Cannabis Stock Destroyed by 81% Decline on Clinical Trial Failure

Intec Pharma Ltd. is a tiny company in the space of pot stocks, doing clinical research involving cannabis. But one of their drugs failed a Stage III clinical trial. Intec’s stock got crushed and lost 81 percent of its value. Intec Pharma said it was “disappointed” with the results of the study. | Source: Shutterstock […]

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Robinhood App Encroaches on Banking Turf with High-Yield Money Tool

Libra isn’t the only payment system that stands to threaten the banks. Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management feature. Robinhood COO Gretchen Howard is cited in Fortune as saying: “We’re going to come out with a cash management account soon.” The […]

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