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Economy, Stocks

“Zimbabwe’s stock market is up 800% this year as investors seek shelter from blistering 176% inflation rate”

“ … But in a country that’s seen its share of economic crises, there’s little reason to cheer. Local investors have piled into stocks in the hope of protecting the value of their cash as inflation hit 176% in June.… Continue Reading…

Banking

“Wells Fargo Loses $800 Million Team to Insigneo”

“A Wells Fargo Advisors team managing more than $800 million in assets has left to join Insigneo, an independent broker-dealer and registered investment advisory firm, the company said.… Miami-based advisors Isadora Del Llano, Yzana Oestreicher, Maria Elena Garcia, and Nilia Gasson make up… Continue Reading…

Cryptocurrencies, Predictions, Opinions, & Comments

“Reddit frenzy pumps up Dogecoin, a cryptocurrency started as a joke, by over 800%”

“Dogecoin, a digital coin originally founded as a joke, has soared over 800% after a Reddit board talked about making it the cryptocurrency equivalent of GameStop. The price of dogecoin stood at $0.070755 at around 12.01 p.m. Singapore, up over 800%… Continue Reading…

Business

“Mall owners Simon, Brookfield set to rescue JC Penney from bankruptcy in $800 million deal”

“U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of the… Continue Reading…

Economy, Stocks

“Dow jumps more than 800 points, Nasdaq hits a record after surprise jobs surge boosts recovery bets”

“The Nasdaq Composite became the first of the three major averages to climb back to an all-time high, advancing 2.0%, or 198.27 points, to 9,814.08 on Friday and touching an intraday record of 9,845.69. After tumbling as much as 25% earlier this… Continue Reading…

Stocks

“Global stocks and oil mount a recovery while Dow gains 800 points”

“Markets in Asia and Europe staged a recovery Tuesday, and the Dow soared 800 points a day after novel coronavirus fears and an oil price war sparked a worldwide panic… The Dow (INDU) soared 3.3%. The S&P 500 (SPX) rose 2.9% and the Nasdaq (COMP) was up 2.7%.JPMorgan equity strategists… Continue Reading…

Economy, Stocks

[8/14/19] “Dow tanks 800 points in worst day of 2019…”

“Stocks plunged Wednesday in the Dow Jones Industrial Average’s worst performance of 2019 after the bond market flashed a troubling signal about the U.S. economy. The Dow dropped 800.49 points or 3.05% to 2,5479.42, its worst percentage drop of the year and… Continue Reading…