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Tuesday, April 7, 2020
Stocks are selling off at record pace this week, but there seems to be one stock that’s a safe bet. Amid the coronavirus scare, Clorox ended positive for the week, while the remainder of the S&P 500 is 14 percent down. In fact, only 11 stocks in...
In what’s becoming one of the worst weeks on Wall Street, Microsoft shares were down by 11 percent today after a volatile week of trading. Though shares hovered above $158, things have been rocky for the software maker. Coronavirus fears are said to be the cause of...
This same time last year Stamps.com stock crashed more than 50 percent in a single day. It wasn’t the only time Stamps.com experienced volatility in its stocks. The same thing happened in May 2019, when shares fell over 60 percent. The news was quite different this past...
Goldman Sachs seems to be in competition with Google, Amazon, Microsoft and other top tech-oriented companies for the best engineering talent it can find. The investment bank currently has 10,000 developers, according to George Lee, co-CIO of Goldman. That means one-quarter of its workforce is focused on...
Many envision oversized Midwestern fields when it comes to our nation’s farms. But one innovative farming enterprise is set to change that stereotype. 80 Acres is a self-proclaimed fully-automated indoor farm that uses the latest innovations in science and technology to grow its crops. And, its executives,...
Tesla stock surged this week and set a record on SoFi as the platform saw 20 times more trades than usual for Elon Musk’s brainchild. Investors flocked to the stock-trading and EFT investing platform and Tesla saw its biggest one-day gain over the past six years when...
One of the oldest retailers in the U.S. will be closing 125 of its department stores in the next three years. Macy’s announced the latest developments while acknowledging that e-commerce is likely a major cause of its declining sales. In all, Macy’s will be closing one-fifth of...
The third-largest U.S. bank by investments has announced a push to acquire more investors. Citigroup is offering a free digital robo-advisor for customers who deposit or invest at least $50,000 at the bank.  When a customer makes a qualifying deposit or investment, they’re eligible...
Fidelity Investments announced this week in a press release that it has launched a partial stock and exchange-traded funds initiative. The move is one of the latest by financial institutions and brokerage firms to entice younger clients to their platform. Charles Schwab recently announced its own initiative...
JPMorgan Chase continually makes headlines in the news. But, the latest reason why shows that the investment bank might have something ingenious up its sleeve. The firm has hired an IBM researcher and inventor to head its new division focused on emerging technologies. Quantum computing will be...