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Reddit’s Wall Street Bets Was the GameStop Kingmaker, but Longtime Users Say the Thrill Is Gone

First American News LLC, Raleigh, NC: The group was once the engine that powered rookie traders, but now veteran members say only tired-out ideas remain. Those who once scoured the online message forum for brazen and unexpected trading ideas say they are mostly finding members still chatting about stocks such as GameStop Corp. and AMC …

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Credit Suisse Chair Quits Over Covid Breach by First American News

Credit Suisse Chairman António Horta-Osório Quits Over Covid Breach. The Stock Is Down.

First American News LLC: Raleigh, NC:  Credit Suisse Chairman António Horta-Osório has resigned just nine months into the role after breaching Covid-19 quarantine rules. His abrupt departure follows an internal investigation commissioned by the board, Credit Suisse said Monday in a statement. It named board member Axel Lehmann, a former UBS (ticker: UBS) executive, as …

Credit Suisse Chairman António Horta-Osório Quits Over Covid Breach. The Stock Is Down. Read More »

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Warren Buffett missed out on $10 billion in gains by dumping Wells Fargo stock — but he probably doesn’t regret cashing out

First American News LLC: Raleigh, NC:  Warren Buffett’s Berkshire Hathaway missed out on about $10 billion of gains by dumping its Wells Fargo stock in 2020 and early 2021. The famed investor’s company-owned 346 million Wells Fargo shares at the end of 2019, giving it an 8.4% stake in the bank. Berkshire virtually eliminated that …

Warren Buffett missed out on $10 billion in gains by dumping Wells Fargo stock — but he probably doesn’t regret cashing out Read More »

Tesla accept dogecoin by first american news

Elon Musk Says Tesla Is Accepting Dogecoin for Some Merchandise

First American News LLC: Raleigh, NC: Dogecoin surges more than 10% after Tesla CEO’s tweet. Elon Musk said Tesla Inc is accepting payment for some merchandise with dogecoin, a return for the electric-vehicle maker to acceptance of digital currencies for some payments. The Tesla chief executive said in an early Friday tweet, “Tesla merch buyable …

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Stocks set to drop BY FIRST AMERICAN NEWS

Stocks set to drop as Dow stock JPMorgan falls after quarterly results

U.S. stock futures turned lower Friday after Dow stock JPMorgan (JPM) fell nearly 3% in the premarket as investors parsed quarterly results from the nation’s largest bank by assets. The company’s fourth-quarter per-share earnings of $3.33 and revenue of $30.35 billion, both beat estimates. However, JPMorgan said it took a $1.8 billion net benefit from …

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united airlines by first american news

United Airlines details Omicron’s toll: 3,000 workers have the coronavirus.

In a single day over the holidays, nearly one in three United Airlines employees called in sick at Newark Liberty International Airport, a major hub for the airline, the company’s chief executive said on Tuesday. The revelation, which came in a memo to staff from the airline’s chief executive, Scott Kirby, helps explain why U.S. …

United Airlines details Omicron’s toll: 3,000 workers have the coronavirus. Read More »

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U.S. Economy Loses Fed, Fiscal Props After Powell-Manchin Pivots

First American News-Raleigh, NC: The U.S. economy will spend 2022 learning to live with the coronavirus without much in the way of help from the Federal Reserve or the federal government — especially with the derailing of President Joe Biden’s $1.75 trillion spending plan says Bloomberg News. The Fed’s pivot last week toward tighter credit …

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Nasdaq News FuelCell Energy Is the Wrong Stock to Buy for the Biden Bill

First American News LLC: Raleigh NC: The current narrative surrounding FuelCell Energy (NASDAQ:FCEL) stock revolves around a few central ideas. One, the idea that it will rise from President Joseph Biden’s infrastructure bill and the money to be directed toward clean energy. And two, that FCEL stock is a buy-the-dip opportunity. Let’s start there first. …

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rivian by first american news

Rivian Stock Is Not Doing So Good; It Plummeted Following First Earnings Report. Something is Troubling Investors.

First American News, LLC- Raleigh, NC: Rivian Automotive stock fell after the electric-truck start-up reported its first quarterly earnings report as a public company. Earnings were inconsequential. Something else is bothering investors: They want more production from the fledgling company. Rivian (ticker: RIVN) stock was down about 9.4% in premarket trading Friday to $99.05. Shares …

Rivian Stock Is Not Doing So Good; It Plummeted Following First Earnings Report. Something is Troubling Investors. Read More »

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