Wall Street

Views Of Tankers & Refineries As Oil Trades Near 12-Year Low

Ex-Citgo Executives Imprisoned in Venezuela File $400 Million Lawsuit vs. Oil Firm

Alirio and Jose Luis Zambrano, two of the six Citgo executives who were trapped and imprisoned in Venezuela, have accused their former company of abandoning them in a lawsuit filed in Houston.

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Joe Biden Expands Affordable Healthcare Coverage for DACA Immigrants

Biden Warns Wall Street That Trump Presidency Could Threaten Fed's Autonomy

The White House is leading a campaign stressing the importance of maintaining Federal Reserve independence, notably in light of Trump's proposals that could compromise it.

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Nvidia Reports Strong Q1 2024 Revenue, Shares Valuing over $1,000 Triggering Stock Split

Nvidia Reports Strong Q1 2024 Revenue, Shares Valuing over $1,000 Triggering Stock Split

Nvidia reported a stronger-than-expected first quarter revenue forecast, including an announcement of a stock split after its shares reached the $1,000 mark.

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GameStop’s Stocks Drop by 26% After This Week’s Mass Stock Market Move

GameStop’s Stocks Drop by 26% After This Week’s Mass Stock Market Move

GameStop plummeted 26% on the stock market on May 17 after a week-long attempt to sell up to 45 million shares.

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Wall Street Analysts Could Be Replaced by AI! Who are Affected?

Wall Street Records Historic Highs for Stock Market as US Inflation Rate Drops to 3.4%

Wall Street hits record highs as US inflation slows to 3.4%, sparking optimism among investors, although concerns linger about potential consumer spending gaps amid weaker-than-expected retail sales growth.

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Enerplus Misses Q1 2024 Profit Targets While Processing Acquisition by Chord

Enerplus Misses Q1 2024 Profit Targets While Processing Acquisition by Chord

Canadian oil and energy company Enerplus reported an 18.6% revenue loss for its Q1 2024 report compared to figures at the same period last year.

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EA Admits Planning Spending Cuts After Not Reaching Annual Bookings Targets

EA Admits Spending Cuts Plan After Failing to Reach Annual Bookings Target

Electronic Arts (EA) revealed that their full-year bookings were forecasted to be between $7.3 billion and $7.7 billion, which is below Wall Street estimates of $7.76 billion.

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Starbucks Must Fix Customer Experience to Get Back in Coffee Shop Game, Ex-Boss Says

Starbucks Must Fix Customer Experience to Get Back in Coffee Shop Game, Ex-Boss Says

Former Starbucks CEO Howard Schultz asked his successor Laxman Narasimhan and other Starbucks senior officials to communicate with shop baristas and work with them to enhance coffee service.

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Members Of SAG-AFTRA And WGA Go On Strike At Netflix, Sunset Gower And Paramount Studios

Netflix to Stop Reporting Subscriber Numbers By 2025; Tells Wall Street to Just Focus on Profits

Netflix's decision to cease reporting quarterly subscriber numbers heralds a shift in focus towards financial metrics like revenue and free cash flow, indicating its evolution beyond the "streaming wars."

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US-TECH-MARKET-REDDIT

Wall Street Expresses Concerns Over Reddit's High User Growth But Low Share Value

Wall Street brokerages express doubts about Reddit's user growth which would reach 109 million users by 2026 as Reddit's shares fall below debut price.

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Wall Street Analysts Could Be Replaced by AI! Who are Affected?

AI Could Replace Wall Street Analysts! Who are Affected?

AI bots could soon replace Wall Street analysts. Sources within major banks revealed the details.

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Donald Trump Gains Huge Shares From Truth Social, Worrying Investors And Financial Experts

Donald Trump gained a major ownership stake in Truth Social by combining it with another company, raising concerns about its value and risks for investors.

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Federal Reserve Needs to Be 'More Aggressive' With Rate Cuts Amid Weakening Jobs Market, Wall Street Analyst Says

The Federal Reserve is facing pressure to implement more aggressive rate cuts amid a weakening jobs market.

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TikTok Faces Pressure to Sell Amid Congressional Mandate, Making Tech Giants Compete For Its Acquisition

Discussions about a potential TikTok sale prompted interest from tech giants like Microsoft, Meta, Apple, Google, and other companies.

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Grayscale Launches Innovative Crypto Staking Fund: A Game-Changer in Cryptocurrency Income Generation

Grayscale introduces the Grayscale Dynamic Income Fund, which will integrate assets from nine blockchains and award US dollars every three months.

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