Jeff Bezos’ wealth has been on a wild roller-coaster ride over the past 24 hours. Thursday morning, the Amazon CEO became the richest man in the world when Amazon’s stock soared on earnings expectations. By noon, when Amazon stock topped $1,082 per share, Bezos’ wealth soared past $92 billion, putting him past Bill Gates. But […]
Read moreU.S. equities opened lower on Friday as large-cap tech stocks followed Amazon.com lower. The Nasdaq composite lagged, falling 0.64 percent. The S&P 500 declined 0.23 percent, with information technology and consumer discretionary leading decliners. The Dow Jones industrial average slipped 12 points, with Boeing contributing the most losses. Shares of the e-commerce giant fell 3.7 […]
Read morePakistan is likely to face serious political and economic instability after the country’s three-time Prime Minister Nawaz Sharif is ousted from power by the Supreme Court following a corruption investigation into his family’s wealth. “He is no more eligible to be an honest member of the parliament, and he ceases to be holding the office […]
Read moreFor Tesla, everything is riding on the Model 3. The electric car company’s newest vehicle is set to go to its first 30 customers Friday evening. Its $35,000 starting price — half the cost of Tesla’s previous models — and 215-mile range could bring hundreds of thousands of customers into the automaker’s fold, taking it […]
Read moreJeff Bezos is one of a kind CEO and Wall Street loves giving him the benefit of the doubt for his Amazon growth strategy. Almost every major Wall Street analyst defended their bullish calls Friday morning even as the internet giant’s shares fell after it posted weaker than expected earnings. The profit miss was the […]
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Swiss franc on track for biggest drop in six years and the devaluation has further to run, say analysts
The Swiss franc was on track for its biggest monthly drop in six years Friday after it recorded a fourth consecutive day of losses, prompting analysts to suggest that the appreciation of the “safe haven” currency may be losing steam. The sudden drop came as a surprise to investors given the Swiss currency’s reputation for […]
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Now playing on a quote screen near you: “The Divergent Series: Financials vs. Technology.” Financial and tech stocks – the two largest segments of the market – have been moving in opposition to one another lately to an unusual degree. On a day-by-day basis, when Big Tech has been rallying it’s come at the apparent […]
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AstraZeneca's dramatic share dive amid drug trial setback 'not justified', says star stock picker
AstraZeneca saw more than £10 billion ($13.08 billion) wiped off its market value on Thursday, yet one of Britain’s most influential investors argued the pharma giant’s investment case remains “very, very attractive.” Shares in the ailing Anglo-Swedish pharmaceuticals group tumbled almost 16 percent Thursday, hitting its lowest level in five months after the firm announced […]
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Ferrari driver wrecks $288,000 supercar just an hour after he bought it
A driver in the United Kingdom has destroyed his £220,000 ($288,000) supercar in an accident after owning it for just one hour. Police in South Yorkshire said the driver was able to walk away with just cuts and bruises after the Ferrari 430 “went airborne and burst into flames” in South Yorkshire on Thursday. In […]
Read moreA commuter train crashed into a buffer in Barcelona’s Francia terminus on Friday morning, injuring at least 54 people, one of them seriously, emergency services said on Friday. The force of the crash crumpled the front of the train against the buffer and detached a sheet of metal. Twenty of the injured, including the driver, […]
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