Tag Archives: Markets

Relativity Space expansion at NASA’s Stennis for rocket engine testing

A map of the company’s expansion plans at NASA’s Stennis space center in Mississippi. Relativity Space Relativity Space, which 3D-prints rockets, said Tuesday that it signed a deal to expand its presence at NASA’s Stennis Space Center in Mississippi and create one of the country’s largest rocket engine test facilities. …

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Activist investor Starboard reveals stake in Salesforce, sees significant opportunity

Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc. Brendan McDermid | Reuters Starboard Value LP has taken a stake in Salesforce, with founder Jeff Smith saying a significant opportunity remains in the enterprise software maker, according to CNBC’s David Faber. Dow-component Salesforce jumped 7% …

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5 things to know before the stock market opens Tuesday, October 18

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 17, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. A real rally, or not? Stocks had a great day to …

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Bitcoin is higher to start the week but continues holding sideways pattern

Artur Widak | NurPhoto | Getty Images Cryptocurrencies were higher on Monday after recovering from a sharp drop in the previous week. Bitcoin rose 1% to $19,457.00, according to Coin Metrics, while ether traded 1.5% higher at $1,317.01. Prices have held steady since rebounding from a big drop that followed …

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5 things to know before the stock market opens Monday, October 17

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 14, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Volatility and earnings Last week, economic data fed the market’s volatility. …

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Mastercard will help banks offer cryptocurrency trading

A 3D printed Mastercard logo is seen in front of displayed stock graph in this illustration taken September 20, 2021. Dado Ruvic | Reuters Mastercard is looking to bring crypto to the masses by making it easier for banks to get involved. The payments giant plans to announce a program …

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Even as inflation bites, consumers are still turning to Amazon

A spate of fresh data this week showed consumers are feeling the sting from high inflation. While that likely means more pain for retail stocks, new Wall Street research suggests club holding Amazon (AMZN) is consumers’ most preferred online shopping platform, buttressing the Club’s long-term belief in the e-commerce giant. …

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Cryptocurrencies continue higher, with bitcoin looking at a test of $20,000

Photo illustration of Bitfinex cryptocurrency exchange website. Dado Ruvic | Illustration | Reuters Cryptocurrencies continued to climb on Friday as investors sought to extend the previous day’s rally. Bitcoin was higher by more than 1% at $19,652.00, and ether gained more than 3% to trade at $1,328.80. Both assets are …

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Viasat takeover of UK rival Inmarsat faces in-depth competition probe

The offices of satellite operator Inmarsat in central London. Leon Neal | AFP | Getty Images The U.K.’s competition regulator launched an in-depth probe into American satellite internet company Viasat’s $7.3 billion deal to buy British rival Inmarsat. The Competition and Markets Authority on Friday referred the takeover for a …

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Coinbase and other crypto stocks slip on hot inflation data

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Shares of cryptocurrency exchange Coinbase dove more than 12% on Thursday after the Consumer Price Index showed inflation continued to …

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