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+14 +1
Tech Stocks Show Weakness Amid Uncertain Global Economy
Tech stocks fell sharply on Friday, setting a somber mood for the industry this weekend. The carnage was widespread, with giants taking a stumble — Microsoft, -3.97%; Google, 2.92%; Facebook, -3.95%; LinkedIn, -3.84%; Yahoo, -3.65%; and Alibaba, -3.28% — and newcomers joining in the general mayhem. MobileIron fell 6.92%. ZenDesk was off 8.06%. GoPro dropped 4.63%, Twitter fell 8.84%, And Arista Networks shed 8.96%. (Data: Google Finance.)
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+30 +1
Mark Cuban Says He’s Buying Netflix Stock, Sees Takeover
Mark Cuban, the billionaire owner of the Dallas Mavericks, said he’s buying shares of Netflix Inc. because the online-streaming service will probably be acquired.
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+19 +1
Apple tumbles as much as 6 percent in unusual trading
Apple Inc shares tumbled shortly after the start of trading on Monday, briefly suffering their largest price drop in at least three months on an unusual spike in volume. Selling accelerated just before 9:51 a.m. EST (1451 GMT), with more than 6.7 million shares trading in a one-minute stretch, the heaviest minute of trading in Apple since Oct. 29, according to Thomson Reuters data.
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+6 +1
Greece’s stock market just suffered its worst collapse ever
Now this is Greek tragedy. Greece’s Athex Composite GD, -12.78% tanked almost 13% Tuesday — the biggest drop for the index on record, according to FactSet. The renewed jitters came after the government, in a surprise move late Monday, said it would bring forward presidential elections to Dec. 17, potentially, setting the scene for snap elections in early 2015.
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+9 +1
12. Because a Stuyvesant Senior Made $72 Million Trading Stocks on His Lunch Break
Rumors, on wall street, can be powerful. A whisper can turn into a current that moves markets, driving a stock price up or sending it tumbling. There may be only one other place where gossip holds such sway, and that is high school. Late last year, a rumor began circulating at Stuyvesant that a junior named Mohammed Islam had made a fortune in the stock market. Not a small fortune, either. Seventy-two million.
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+18 +1
How Nasdaq has Changed Since it Last Hit 5,000
Fifteen years have passed since the Nasdaq index, which represents mainly technology stocks, was last near the 5,000 level. On Monday morning, it soared to 5001 for the first time since the dot-com bust.
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+2 +1
How I am investing my pension - experts reveal their own portfolios
Three experts spell out exactly where they have invested their pension.
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+1 +1
Michael Lewis Reflects on Flash Boys
A year after his best-selling exposé on high-speed trading hit stores, the author discusses its Wall Street furor.
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+2 +1
The Fuzzy, Insane Math That's Creating So Many Billion-Dollar Tech Companies
Startups achieve astronomical valuations in exchange for protecting new investors
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+15 +1
High-frequency trading firm Virtu renews share offering
US high-speed trading firm Virtu renews efforts to make its public stock market debut, after delaying plans due to a controversial book.
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+10 +3
Used Daily By 750K Workers, Slack Raises $160M, Valuing Collaboration Startup At $2.8B
Slack, the popular workplace communication and collaboration startup from Flickr co-founder Stewart Butterfield — is today confirming that it has raised its latest round of funding: a Series E of $160 million at a post-money valuation of $2.8 billion. This follows on from reports from us and others that it was raising funding at upwards of a $2 billion valuation — a massive premium on its $1.12 billion valuation in October 2014.
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+11 +2
Guy Trading at Home Caused the Flash Crash
Also he was pretty obvious about spoofing for five years, but got away with it by being rude.
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+12 +2
Fancy Fast Food Shares Surge in U.S. as Shake Shack Draws Shorts
Investors seem willing to pay just about anything for a better burger. Half a dozen food chains have held piping-hot stock market debuts in the past year to meet a growing appetite for "fast-casual" restaurants catering to younger and more affluent diners willing to pay more for fresher, higher quality fare than they expect to find at traditional fast food places like McDonald's.
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+7 +2
Perfect Insider Traders Got Caught
Additionally, R. Stewart and Trader1 attempted to conceal their illegal trading and evade detection by: (a) primarily meeting in-person to discuss the scheme; (b) using coded email messages to discuss the scheme; (c) spreading trades over numerous stock options series in an attempt to avoid regulatory scrutiny; (d) buying stock options during periods when these securities were more heavily traded in order to blend into the daily volume; (e) refraining from options trading too close to the...
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+14 +3
Casino days
China's stockmarket has often been called a casino, with share prices bearing little connection to underlying economic conditions. But while the market has strayed from growth trends in the past, its divergence over the past few months has reached new extremes. Economic growth in the first quarter fell to 7%, the slowest annual figure in six years, but stocks have more than doubled in value since the middle of last year.
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+12 +3
Panic on China's share market as stocks lose $3.7 trillion
Panic has set in on China's share markets as traders call in investors' margins loans. The main index, the Shanghai Composite, has plunged by 30 per cent since its peak in the middle of June, the biggest three-week fall in more than 20 years. The value of Chinese stocks has plunged by at least $US2.8 trillion ($3.7 trillion).
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+23 +2
The Chinese stock market has lost £1.5 trillion in the last three weeks
The Chinese stock market has endured a torrid three weeks in which it has lost value equivalent to £1.5 trillion — that's 10 times the size of Greece's annual GDP.
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+19 +3
China Rolls Out Emergency Measures to Prevent Stock Market Crash
China's stock markets face a make-or-break week after officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash that would threaten the world's the world's second-largest economy.
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+31 +5
Shanghai stocks plunge, over 1,200 Chinese companies halt trading
China's benchmark Shanghai stock index cracked 8% as additional government moves failed to shore up the tumbling market.
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Current Event+12 +2
New York Stock Exchange temporarily halts all trading
All stocks trading on the New York Stock Exchange were halted on Wednesday for reasons that were not immediately clear.
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