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+17 +4
U.S. Oil Prices Hit Fresh Six-Year Low, Dropping Below $40 a Barrel
The price of oil in the U.S. tumbled below $40 a barrel Friday for the first time since 2009 amid a growing consensus that cheap oil is here to stay.
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+5 +1
World’s Richest People Lose $182 Billion in Market Rout
The world’s 400 richest people lost $182 billion this week from their collective fortunes as weak manufacturing data from China and a rout in commodities sent global markets plunging. The weekly drop for the Bloomberg Billionaires Index, a group that includes Warren Buffett and Glencore Plc’s Ivan Glasenberg, was the biggest since tracking of the expanded list began in September 2014.
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+35 +6
WeChat blocks Uber. And this is only the beginning.
Remember when I wrote that there was absolutely zero chance Uber could win China? That mega competitor Didi Kuaidi simply had too much of a lead and the only way Uber could make a dent in it was unsustainable subsidies -- even for a company with $7 billion in capital raised? And that even if Uber chooses to lose $1 billion a year in China in subsidies it still wouldn’t have a chance because Didi is backed by three of the biggest Asian corporates Tencent, Alibaba, and Softbank?
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+14 +2
The global stock market crash, explained
I know there are a tremendous number of articles out there right now about market volatility, but this one by Tim Lee @ Vox felt really clear and concise.
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Analysis+11 +5
What I Learned On (BLACK) Monday
Let me start this off by saying: I’m 25 years old. I haven’t got anywhere near the experience in capital markets that many reading this do, but I feel like my observations from the market madness this...
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+17 +6
When Market Conditions Become Volatile, How Will You React?
When market conditions are volatile, it’s a great time to assess how well diversified your portfolio is, and make any changes needed.
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+20 +4
400 rich people lost $124 Billion in one day
Four hundered of the richest people in the world lost about $124 billion on Monday after global sliding markets resulted in Chinese shares sinking the most since 2007, according to Bloomberg Billionaires Index. The wealth of 24 billionaires declined by more than 10 figures in just one day, including Bill Gates', whose fortune dropped by $3.2 billion, Jeff Bezos, Amazon’s president lost about $2.6 billion.
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+50 +12
China is stopping citizens from searching for articles about its financial meltdown
China has been accused of censoring reports about the financial chaos in the country, stopping its citizens from looking for reports about what’s going on. China’s “Black Monday” has sent share prices around the world into freefall, and has led to renewed worries about a slowdown in growth in the country. But its citizens don’t seem to be able to find out why.
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+23 +4
China Market Chaos Blamed on Exodus of Regulatory 'Turtles'
At the height of the 2008 financial crisis, as Wall Street slashed jobs, Beijing took advantage of the disarray to poach top Chinese financial talent from overseas to help reform its stock markets.
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+2 +1
This game will show you just how foolish it is to sell stocks right now
We'll pick a random 10-year period and see if you can spot and avoid the downturn.
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+21 +3
Looting Made Easy: the $2 Trillion Buyback Binge
Corporations are taking the retirement savings of elderly public employees and using them to inflate their stock prices so wealthy CEOs and their shareholders can enrich themselves at the expense of their companies.
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+21 +5
China made a journalist 'confess' to causing the stock market chaos
China has unveiled a slew of “confessions” from brokers and journalists as authorities struggled to contain the biggest stock market sell-off since 2008. The pre-trial confessions – common in high-profile cases in China – suggest that Beijing intends to make a public example of the alleged transgressors.
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+2 +1
Asian shares fall for third day on global growth concerns
Asian shares fell for a third straight day on Wednesday as weak manufacturing reports from China, the United States and Europe fueled worries about slowing global growth, while the dollar took back
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+16 +4
Tech stocks lead Wall St. higher as China fears ebb
U.S. stocks rose more than 1 percent to near session highs on Wednesday afternoon as technology stocks led a rebound from Tuesday's steep losses and as China's move to again support its financial markets eased investor concerns.
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-1 +1
Join Acorns. Get Cash.
Start investing with Acorns today! Invite code: FRKRVZ
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+16 +3
Cash beats stocks, bonds for first time in 25 years
So far this year cash is outperforming global stocks and bonds—something that hasn’t happened since 1990, according to Bank of America Merrill Lynch.
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+38 +9
Dell to Acquire EMC in $67 Billion Record Tech Deal
Computer maker Dell Inc said on Monday it had agreed to buy data storage company EMC Corp in a $67 billion record technology deal that will unite two mature companies and create an enterprise tech powerhouse.
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+40 +7
Ferrari sets $1 billion IPO. Ticker symbol? RACE
RACE. That's the ticker symbol that Ferrari will use when it debuts on the New York Stock Exchange with a $10 billion valuation within the next few months. Parent company Fiat Chrysler Automobile said Monday it plans to set a price of $48 to $52 per Ferrari share and intends to sell about 10% of the company in the initial public offering. The company hopes to raise just about $1 billion from investors.
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+45 +12
Wal-Mart Heirs See $9 Billion Vanish in a Day as Shares Plummet
Watch out for falling fortunes. The four members of the Walton family controlling more than half the shares of Wal-Mart Stores Inc. had $11 billion of their combined net worth evaporate Wednesday as shares of the retailer plunged on a lower earnings outlook for the coming fiscal year. The billionaire Waltons -- Christy, Jim, Alice and Rob -- have a combined $120 billion fortune, according to the Bloomberg Billionaires Index...
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+1 +1
Making Insider Trading Legal
Thanks to gaping loopholes implicitly endorsed by the Supreme Court, hedge funds now essentially have a license to cheat. Do you run a hedge fund? If so, I have exciting news. The prominent campaign by Preet Bharara, the United States Attorney in Manhattan, to crack down on insider trading in the three-trillion-dollar hedge-fund industry has just ground to an inglorious halt. Late last week, it was quietly announced that prosecutors would drop all charges against...
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