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Monthly Archives: June 2019

Hours long wait for Harry Potter coaster at Universal in Orlando

An epic new addition to The Wizarding World of Harry Potter, Hagrid’s Magical Creatures Motorbike Adventure allows parkegoers to fly deep into the wilds of the Forbidden Forest, beyond the grounds of Hogwarts castle. Universal Within an hour of opening on Thursday, Universal’s newest Harry Potter ride in Orlando, Florida …

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IPOs are one of the hottest trades of the year so far, doubling the market’s return

Ethan Brown, founder and chief executive officer of Beyond Meat Inc., center, rings the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images The IPO market keeps getting hotter, but …

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This is a $15 trillion opportunity for farmers to fight climate change

Indigo Agriculture, the Boston-based start-up that uses natural microbiology to revolutionize the way farmers grow crops, has unveiled a first-of-a-kind program to tackle climate change worldwide. The company launched the Terraton Initiative on Wednesday to accelerate carbon sequestration from agricultural soil on a massive scale. The goal: to capture 1 …

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Beyond Meat is rocking despite negative analyst moves this week, surging 17%

Beyond Meat CEO Ethan Brown (C) celebrates with guests after ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images Beyond Meat’s stock is proving resilient to negativity on Wall Street. Shares of the alternative meat company soared more than 17% …

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Millionaires say they’ll pick Joe Biden over Donald Trump in 2020

Former U.S. vice president and current presidential candidate Joe Biden speaks during a campaign stop at the IBEW Local 490 in Concord, NH on June 4, 2019. Matthew J. Lee | Boston Globe | Getty Images American millionaires would elect Joe Biden over President Donald Trump if the former vice …

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Since 2009, when S&P passes 50-day moving average, stocks do this next

After logging its worst month since December, the S&P 500 bounced back to kick off the month of June, jumping 4.4%, its best week of 2019. In doing so, the index crossed back above its 50-day moving average. Through Monday, the Dow was up for six consecutive days as it …

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Most millionaires support tax on wealth above $50 million: CNBC survey

Democratic presidential candidate Senator Elizabeth Warren (D-MA) speaks at the Iowa Democratic Party’s Hall of Fame Dinner on June 9, 2019 in Cedar Rapids, Iowa. Scott Olson | Getty Images A majority of millionaires support Sen. Elizabeth Warren’s proposed tax on large wealth, according to a new survey. Fully 60% …

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Trade wars and regulatory threats challenge tech leadership as the market flirts with a new high

When the bull market has its last hoorah, most likely technology and internet stocks will be at the top of the hill, leading the charge. But before that, analysts have diverging views on how much and which names investors should hold in a group of stocks that are dogged by …

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The charts warn that stocks are due for a pullback, Jim Cramer says

Two market measures are showing signs that stocks have run too high, too fast, CNBC’s Jim Cramer said Tuesday. Comparing the action in the S&P 500 and the VIX — the CBOE Volatility Index that gauges investor sentiment — there is reason to wait before adding more holdings to a …

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This stock market comeback doesn’t quite make sense, investors say

Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Of all the problems that have been haunting the market since early May — nonexistent China trade deal negotiations, an inverted yield curve, a slowing economy, Mexico tariffs — only one …

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