Zillow Stock Plunges After Analyst Reveals Two-Third of Homes Bought are Worthless
Shares of Zillow Group Inc plunged after KeyBanc analyst Yruma indicated how most of the homes purchased were now worthless, according to a report by MarketWatch on Monday. In a...
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Ralph Lauren Boosts Revenue Outlook on Higher Market Share
American fashion firm Ralph Lauren Corp. has boosted its revenue outlook for 2021 given the increased market share in the past quarter, Bloomberg reported. Chief Executive Officer Patric Louvet said...
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Yahoo Exits China As Business Crackdown Toughens
Tech giant Yahoo Inc. is exiting China due to the country’s ongoing crackdown on businesses, WSJ reported. A spokesperson for the firm said its suite of services will no longer...
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DuPont Buys Rogers Corporation in a $5.2 Billion Deal
DuPont de Nemours Inc announced an agreement to buy Rogers Corp., for $5.2 billion, according to a report by Businesswire on Tuesday. The company plans to divest a sizable portion...
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UA Upgrades 2021 Outlook Amid Athletic Apparel Boom
Sports apparel firm Under Armour Inc. upgraded its outlook for the year amid strong demand given the continued implementation of flexible working arrangements, Yahoo! reported. Under Armour said it expects...
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Retail Investors Drive ABVC BioPharma Up 930%
Biotech firm ABVC BioPharma Inc. opened the week on a positive note, as retail traders flocked amid increased attention on trading social network StockTwits, Bloomberg reported. Shares of ABVC soared...
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Musk Says Will Sell Tesla Stock If UN Could Justify How $16B Solves Hunger Problem
The billionaire Elon Musk stated that he would sell his Tesla stock and donate if the UN could prove that $6 billion could save lives and be spent transparently, Business...
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Li Auto October 7,649 Deliveries Surge 107% Year-Over-Year
Li Auto has posted delivery figures of 7,649 Li ONEs, increasing 107.2% year over year, according to a Press Release by Li Auto on Monday. The year-to-date and overall deliveries...
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Volvo Shares Surge Amid Successful IPO
Chinese-owned premium automotive maker Volvo Cars debuted on the stock market with shares up by over a fifth, FT reported. Volvo saw its shares climb to SKr64.73 in midday trading...
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Direxion to Launch US ETF Offering Managed Short Exposure to Bitcoin Futures
The U.S. Bitcoin-related EFT sector may reach another major milestone with an offering that shorts crypto futures, according to a report by Bloomberg on Wednesday. The Direxion Bitcoin Strategy Bear...
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Twitter Jumps as Q3 Earnings Fall in Line With Expectations
Social media giant Twitter saw a rise in its stocks after its third-quarter earnings came in line with analysts’ expectations, CNBC reported. Third-quarter earnings were largely in line with expectations,...
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GM to Install Up to 40,000 Electric Vehicle Charging Stations in U.S. and Canada
General Motors to install nearly 40,000 electric-vehicle charging stations in the United States and Canada, according to a report by Reuters on Tuesday. The announcement comes just months after the...
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