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GM drops monthly sales reports, will report quarterly instead

SeongJoon Cho | Bloomberg | Getty Images Workers walk past parked General Motors Co. (GM) Chevrolet automobiles bound for export at the Port of Incheon in Incheon, South Korea. General Motors will begin reporting U.S. sales at the end of each quarter instead of at the end of each month. …

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SWCH, VIAB, CVV & CGIX

Michael Nagle | Bloomberg | Getty Images Rob Roy, founder and chief executive officer of Switch Inc., center, rings the opening bell before the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, Oct. 6, 2017. Check out the companies making …

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Biotech stock Alkermes plunges 20% after FDA refuses to review its depression treatment

Patrick T. Fallon | Bloomberg | Getty Images Richard Pops, chairman and chief executive officer of Alkermes Shares of biotech company Alkermes dropped 20 percent Monday after announcing the U.S. Food and Drug Administration refused to review the firm’s drug for treating depression. The stock tumbled 20 percent to around …

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Amazon is under pressure again after Trump tweets it’s a ‘scam’ costing the Post Office ‘billions’

Jonathan Ernst | Reuters President Donald Trump delivers remarks on the U.S. opioid crisis, at Manchester Community College in Manchester, New Hampshire, March 19, 2018. Amazon shares fell nearly 2 in the premarket Monday after President Donald Trump attacked the company from his Twitter account. The president said via Twitter …

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Netflix, biotech Nektar among the biggest market winners in the first quarter

Piper Jaffray analyst Mike Olson told CNBC that despite the recent downtick in Netflix’s stock price, his bullish thesis remains unchanged. “Netflix has gotten caught up in the broader technology downdraft, but there’s nothing we’ve seen that causes us to have any concern on company fundamentals,” Olson said in an …

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Buying Tesla after big stock market losses has paid off in the past

In the last two days, Tesla shares have fallen 15.3 percent. Such a two-day loss has occurred only six times since the electric car maker’s IPO in 2010. A week after those losses, it returned an average of 3.96 percent, trading positively about 67 percent of the time, according to …

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Shares of a company that trafficked in personal Facebook data are plunging

Shares of Acxiom fell roughly 11 percent in premarket trading Thursday after Facebook ended its partnership with the data broker as result of the social media’s data privacy scandal. As a result, Acxiom warned 2019 revenue could be hit by as much as $25 million. Facebook announced it would shut …

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Tesla’s junk bond tanks to 87 cents on the dollar after downgrade

Tesla’s bond price plunged Wednesday to its lowest level since the note was issued last year, sending its yield above 7 percent. The price drop came a day after Moody’s Investors Services cut Tesla’s credit rating and changed its outlook to negative, citing doubts about the company’s Model 3 production …

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Buy the dip looks dead as final hour of trading now typically sees selling

Buying on the dip seems out of style in the U.S. stock market, as traders are typically dumping stocks right before the close, according to data from Bespoke Investment Group. “The YTD [year-to-date] pattern has been a very big spike at the open towards highs of the day between 10:00 …

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Wall Street analyst makes an evidence-based case for holding (or ‘HODLing’) bitcoin for long term

Looking through the lens of stock investing, a Wall Street analyst says bitcoin is an attractive buy while it remains under pressure here. If an investor didn’t hold stocks through the 10 best days for the S&P 500 each year, the annualized return would drop to 5.4 percent from 9.2 …

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