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Square saw 1 million users buy bitcoin for first time during January’s upswing, CFO says

Square saw 1 million users buy bitcoin for first time during January's upswing, CFO says
Square's Cash App platform saw a surge in first-time bitcoin buyers last month, CFO Amrita Ahuja told CNBC on Wednesday. "We had 3 million people transact in bitcoin through Cash App in 2020 and 1 million who were new to bitcoin in January ," Ahuja...

Stocks making the biggest moves midday: Lowe’s, MicroStrategy, Six Flags, Casper Sleep & more

Stocks making the biggest moves midday: Lowe's, MicroStrategy, Six Flags, Casper Sleep & more
Home Depot and Lowe's stores Getty Images Check out the companies making headlines in midday trading.  Lowe's - Shares of Lowe's ticked more than 3% lower after the company said home improvement sales will likely decline in 2021 as more people get Covid-19 vaccines and spend more time outside their...

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...

Stocks making the biggest moves in the premarket: Lowe’s, GameStop, Square, Intuit & more

Stocks making the biggest moves in the premarket: Lowe's, GameStop, Square, Intuit & more
Take a look at some of the biggest movers in the premarket: Lowe's (LOW) – The home improvement retailer reported quarterly profit of $1.33 per share, 12 cents a share above estimates. Revenue also came in above analysts' forecasts. Same-store sales jumped 28.1%, compared to...

Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin bounces back, surging above $50,000 after more buying from Square
Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin's price roared back Wednesday after a sharp sell-off, climbing above $50,000 again as Square announced it had purchased $170 million worth of the cryptocurrency. At 4...

Square buys $170 million worth of bitcoin

Square buys $170 million worth of bitcoin
Jack Dorsey, chief executive officer of Twitter Inc. and Square Inc., speaks during an Empowering Entrepreneurs events at Ryerson University in Toronto, Ontario, Canada, on Tuesday, April 2, 2019. Cole Burston | Bloomberg | Getty Images Square bought $170 million worth of Bitcoin, the company revealed...

Stocks making the biggest moves premarket: Home Depot, Palo Alto Networks, Shopify, AMC & more

Stocks making the biggest moves premarket: Home Depot, Palo Alto Networks, Shopify, AMC & more
Check out the companies making headlines before the bell: Home Depot (HD) – The home improvement retailer beat quarterly estimates by 3 cents with earnings of $2.65 per share. Revenue came in above estimates as well. Comparable store sales jumped 24.5% during the fourth quarter, more...

Tesla drops another 6% in premarket, bringing two-day losses to 14%

Tesla drops another 6% in premarket, bringing two-day losses to 14%
A Tesla car in London. SOPA Images | LightRocket | Getty Images Tesla's recent slide continued on Tuesday, as investors rotated out of high-flying tech names. Shares of the electric vehicle maker dipped 6% during premarket trading on Tuesday, after losing 8.55% on Monday for its biggest...

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...