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STX

Instacart stock subdued as debut enthusiasm loses steam

by Sam Bailey
Instacart stock subdued as debut enthusiasm loses steam

Instacart’s stock closed nearly 11% lower on Wednesday, as the grocery delivery app joined other new stock market entrants in failing to keep up with strong gains on debut. Investors …

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SoftBank’s Arm soars nearly 25% in market debut to $65 billion valuation

by Sam Bailey
SoftBank’s Arm soars nearly 25% in market debut to  billion valuation

On September 14, SoftBank’s Arm Holdings saw a nearly 25% increase in its stock price above its Nasdaq debut price, sparking optimism among investors for a potential turnaround in the …

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Tesla releases refreshed Model 3 with longer driving range in China

by Sam Bailey
Tesla releases refreshed Model 3 with longer driving range in China

Tesla shares plunged nearly 6% on Friday after the company unveiled a restyled Model 3 sedan manufactured in China with a higher price tag. Although the new model is being …

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Nvidia’s $25 billion buyback plan, results lift stock to record high

by Sam Bailey
Nvidia’s  billion buyback plan, results lift stock to record high

Nvidia’s stock saw a significant increase of 6.7% and reached an all-time high following the announcement of a $25 billion stock buyback plan and record quarterly revenue driven by strong …

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Evergrande files for US bankruptcy protection as China economic fears mount

by Sam Bailey
Evergrande files for US bankruptcy protection as China economic fears mount

Evergrande Seeks Protection from Creditors as Part of Debt Restructuring Embattled developer China Evergrande Group (3333.HK) has filed for U.S. bankruptcy protection as part of its massive debt restructuring efforts. …

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AMC stock sinks, preferred units climb after conversion settlement

by Sam Bailey
AMC stock sinks, preferred units climb after conversion settlement

Adam Aron, Chairman of the Board and CEO, AMC Entertainment, speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S., October 18, 2021. REUTERS/David Swanson/File Photo Aug …

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Shares, dollar edge up after moderate US CPI data

by Sam Bailey
Shares, dollar edge up after moderate US CPI data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo U.S. inflation cools as consumer prices rise …

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