President Donald Trump has agreed to a deal in which Oracle and Walmart will take a minority stake in a U.S.-headquartered company called TikTok Global. ByteDance, TikTok’s parent company, says it will have an 80% stake. Nicolas Economou | NurPhoto | Getty Images President Joe Biden signed an executive order […]
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Clover Health pops at open but fades as Reddit trade finds new targets
Clover Health featured at the Nasdaq Source: Nasdaq Shares of Clover Health surged at the open on Wednesday before paring those early gains, continuing a volatile period for the Medicare insurance stock that has become a favorite of traders on Reddit. Clover was trading at $23 per share shortly after […]
Instagram CEO says Facebook will help users get around Apple’s cut of transactions
Facebook is setting its sights on the creator economy, hoping to allow millions of people to make a living off its family of apps. But the company wants to promote offline transactions between creators and companies in order to avoid Apple‘s 30% cut of in-app purchases, Instagram head Adam Mosseri […]
Half of Americans 12 and older are fully vaccinated as daily Covid case counts remain below 15,000
A 12-year old girl receives the Pfizer-BioNtech vaccine in New York City on May 14th, 2021. Adam Jeffery | CNBC Half of Americans aged 12 and older are now fully vaccinated, according to data published by the Centers for Disease Control and Prevention on Tuesday. The CDC signed off on […]
Clover Health jumps 20% in premarket trading as frenzy continues. Shares are up more than 150% this week
Clover Health featured at the Nasdaq Source: Nasdaq Shares of Clover Health surged again in premarket trading on Wednesday, continuing a dramatic move for a Medicare insurance stock that has become a favorite of traders on Reddit. Clover was trading at $26.60 per share in premarket trading, up 20% from […]
LinkedIn bets on remote events, investing in $5 billion-plus virtual platform company Hopin
Hopin CEO Johnny Boufarhat. Hopin Microsoft CEO Satya Nadella laid out his plans in March for a future of hybrid work. Now, his company’s LinkedIn division is wagering that people will continue to convene online even after offices reopen. Virtual conference technology company Hopin, which was valued at $5.65 billion […]
Mortgage rates drop, but not enough for priced-out homebuyers
A real estate agent and a potential home buyer in Coral Gables, Fla. Getty Images Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand. Total mortgage application volume decreased 3.1% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. The […]
Clover Health jumps 14% in premarket trading as frenzy continues. Shares are up 150% this week
Clover Health featured at the Nasdaq Source: Nasdaq Shares of Clover Health surged again in premarket trading on Wednesday, continuing a dramatic move for a Medicare insurance stock that has become a favorite of traders on Reddit. Clover was trading at $25.19 per share in premarket trading, up 14% from […]
The EU is planning to end U.S. tariff battle with Biden due in Brussels next week
President Joe Biden speaks about the May jobs report on June 4, 2021, at the Rehoboth Beach, Delaware, Convention Center. Jim Watson | AFP | Getty Images LONDON — The European Union wants the United States to commit to end their aircraft-related tariffs next week, according to a draft statement […]
Stock futures are little changed as S&P 500 remains range-bound near record
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in early morning trading on Wednesday after Wall Street appeared range-bound near its record levels. Futures on the Dow Jones Industrial Average were just 14 points higher. S&P 500 futures and Nasdaq 100 futures […]