Tag: stock market
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Stocks higher but Netflix down due to pandemic receding
Wednesday was a good day for the stock market, with most stocks increasing by afternoon. But Netflix slumped 7% for the biggest decline in the S&P 500, due to slower growth in new subscribers as people are more able to get out of their homes. The Associated Press has the story: Stocks higher Wednesday afternoon,…
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Huge ride-hailing company Grab merges with U.S. company
Grab Holdings, the largest ride-hailing company in Southeast Asia, is merging with U.S.-based Altimeter Growth Capital in order to go public faster. The latter company is already trading on the stock exchange, and the merger will allow Grab to essentially take its place. This is known as an SPAC merger, where one company uses the…
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Stock market increases follow March jobs hike
As the economy improves, stocks are following right along. Monday was a good day for the stock market as gains followed the news on Friday of increases in the job industry. The Associated Press has the story: Economy recovering, stocks rising (AP) Stocks rose broadly on Wall Street in afternoon trading Monday as investors welcomed…