stock market

Kanye West’s partnership with Adidas under review following anti-Semitic comments – Yahoo Finance

Kanye West’s partnership with Adidas under review following anti-Semitic commentsYahoo Finance ‘I can say anti-Semitic things, and Adidas can’t drop me. Now what?’ As Kanye West taunts Adidas, he calls grow for German sportswear giant to cut tiesYahoo Finance Banks Shouldn’t Be Moral Arbiters—Even for Kanye | OpinionNewsweek It’s Time For Adidas To Kick Kanye, …

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Chief economist says US headed to recession that was ‘totally avoidable’

Mohamed El-Erian, Allianz’s chief economic adviser, said on Sunday that the US is heading toward a recession that was “totally avoidable” amid ongoing concerns about inflation and economic stability. “I fear that we risk a very high probability of a damaging recession that was totally avoidable,” El-Erian told CBS’ “Face the Nation,” arguing that the …

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Here’s the reason behind this week’s stock turnaround

Stock markets tried their best Wednesday to maintain a two-day rally that saw some of the biggest single-day gains since April 2020, when markets initially rebounded from shutdowns in the early days of the coronavirus pandemic. The Dow Jones Industrial Average closed down 41 points at 30,274 Wednesday, after dipping more than 400 points in …

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Porsche and Instacart are planning blockbuster IPOs

Very few companies would voluntarily try to go public in the current stock market. Yet two multi-billion-dollar household names, both of them profitable, are planning blockbuster IPOs right now. Why it matters: The IPO market has flipped from favoring sellers to favoring buyers. In the case of Porsche and Instacart, that could exactly what the …

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Michael Burry says ‘mother of all crashes’ prediction is underway

Michael Burry, the hedge fund investor made famous in the 2015 movie “The Big Short,” suggested Wednesday that a long-feared stock market crash is already underway. Burry, who predicted more than a year ago that stocks were headed for “the mother of all crashes,” delivered his latest warning alongside a graph showing the S&P 500’s …

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Tesla’s 3:1 Stock Split Goes Into Effect—Here’s What It Means For Investors

Topline Shares of electric vehicle maker Tesla rally in after-hours trading on Wednesday as the company’s 3:1 stock split went into effect, the second such move in around two years, as the world’s most valuable automaker looks to make its stock more affordable. Tesla’s stock has risen over 30% since announcing the proposed stock split …

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Elon Musk sells $6.9 billion of Tesla stock amid Twitter legal battle

Elon Musk sold more than $6.9 billion in Tesla shares, according to new filings with the Securities and Exchange Commission published Tuesday. Why it matters: The selloff comes weeks after the Tesla CEO’s bid to withdraw a $44 billion agreement to buy Twitter and ensuing legal battle with the tech giant, something Musk acknowledged on …

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