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Dow climbs 350 points as rally in recovery plays gains steam, Boeing pops 6%

‘This is not inflation’: Economist says expectations are unanchored from reality
The stock market staged another big intraday comeback on Wednesday as investors continued to piled into names sensitive to an economic comeback, while looking past the risk of inflation and rising interest rates. The Dow Jones Industrial Average reversed a 110-point loss and climbed 350...

Shares trade mixed in Asia-Pacific as investors turn cautious; Singapore’s STI up 1.4%

Shares trade mixed in Asia-Pacific as investors turn cautious; Singapore's STI up 1.4%
An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd. on March 16, 2020 in Sydney, Australia. Brendon Thorne | Getty Images SINGAPORE — Shares traded mixed across Asia-Pacific markets on Wednesday as investors turned cautious, despite remarks overnight from Federal...

Stock futures fall as Wall Street struggles to shake off Big Tech’s slide

‘This is not inflation’: Economist says expectations are unanchored from reality
U.S. stock futures were lower in early Tuesday trading after tech stocks fell sharply to start the week. Futures tied to the Dow Jones Industrial Average dropped 92 points. Those for the S&P 500 were in slightly negative territory, while futures on the Nasdaq 100...

Forget bitcoin — fintech is the ‘real Covid-19 story,’ JPMorgan says

Forget bitcoin — fintech is the 'real Covid-19 story,' JPMorgan says
A woman uses a Bitcoin ATM machine placed within a safety cage on January 29, 2021 in Barcelona, Spain. Cesc Maymo | Getty Images Bitcoin is an "economic side show" and fintech innovation is the story that will dominate financial services, according to JPMorgan. Analysts at the...

The tech industry is looking to replace the smartphone — and everybody is waiting to see what Apple comes up with

The tech industry is looking to replace the smartphone — and everybody is waiting to see what Apple comes up with
Tim Cook (left) and Steve Jobs in 2010. Kimberly White | Getty Images In 2007, Apple unveiled the iPhone. Apple didn't invent the smartphone — companies like Palm and Blackberry had been selling them for years. But the iPhone introduced a totally new way to interact with...

Stronger economic data could power stocks that thrive in a rebound in the week ahead

Stronger economic data could power stocks that thrive in a rebound in the week ahead
The bull of Wall Street is seen during the pass of the snowstorm on January 31, 2021 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images A decline in new Covid infections, along with improving economic data and stimulus hopes,...

Bitcoin hits $1 trillion in market value as cryptocurrency surge continues

Bitcoin hits $1 trillion in market value as cryptocurrency surge continues
Yuriko Nakao | Getty Images The price of bitcoin crossed another major milestone on Friday, as the cryptocurrency's market value surpassed $1 trillion, according to Coindesk. The digital currency was trading at just under $54,000 per coin on Friday as it hit the new level, and...

Why an emboldened Walmart is looking to beyond retail for future growth

A woman wearing a face mask walks past a news24nation informing customers that face coverings are required in front of a Walmart store in Washington, DC on July 15, 2020. Andrew Caballero-Reynolds | AFP | Getty Images Walmart wants to tap what it sees as its...

Stocks making the biggest moves in the premarket: Palantir, MicroStrategy, CoreLogic & more

Stocks making the biggest moves in the premarket: Palantir, MicroStrategy, CoreLogic & more
Take a look at some of the biggest movers in the premarket: Palantir Technologies (PLTR) – The business analytics company's stock sank 6.2% in the premarket after reporting a quarterly loss, although revenue did top Street estimates on a jump in new contracts. AutoNation (AN) –...