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Major cryptocurrencies tumbled amid concerns about the omicron variant and holiday travel disruptions around the globe. Bitcoin BTCUSD, -6.20% traded 7.4% lower from 24 hours ago at around $47,849. The cryptocurrency was down more than 30% from its all-time high of $68,990 in November, according to CoinDesk data. Ether ETHUSD, -6.27% declined 7.6% over the […]
Shares of Tesla Inc. TSLA, -0.68% slipped 0.2% in midday trading Tuesday, paring earlier gains of as much as 2.3%, and putting them in danger of their first loss in five sessions. Meanwhile, Argus Research analyst Bill Selesky affirmed his buy rating and boosted his stock price target by 30%, to $1,313 from $1,010, citing […]
Shares of GoDaddy Inc. GDDY, +0.06% shot up 8.1% toward a near five-month high in morning trading Monday, after The Wall Street Journal reported that hedge fund Starboard Value LP has acquired a 6.5% stake in the company. The domain name registration company’s stock has run up 17.6% amid a six-day win streak, putting it […]
Shares of Alibaba Group Holding Ltd. BABA, -1.09% rose 0.8% in morning trading Monday, after China’s securities regulator’s draft rules on overseas listings released over the long weekend OK’d the listing structure known as variable-interest entity (VIE) used by the e-commerce giant to list its shares on the NYSE. Alibaba’s stock has now rallied 6.8% […]
Sorrento Therapeutics Inc. SRNE, -9.70% said Monday that “initial” laboratory testing of its Covistix COVID-19 virus rapid antigen detection test “significantly outperforms” in the detection of the omicron variant. The stock slipped 1.1% in morning trading. The company said Covistix, which is currently approved in Mexico and Brazil and is CE marked in Europe, was […]
U.S. stock benchmarks rose Monday, with gains in technology shares helping to establish an intraday record for the S&P 500, which could lead to its 69th record close of 2021. The S&P 500 index SPX, -0.13% was trading 0.5% higher at 4,748, and had hit an intraday day high at 4,750.35, marking the first intraday […]