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These sub-stocks, not GameStop, can outperform hedge funds
GameStop and AMC stocks took another hike on Wednesday, recording their strongest trading day since an internet-triggered short squeeze that sent their share prices into the stratosphere last month. AMC stocks closed 18% higher at $ 9.09 and GameStop more than doubled, doubling to $ 91.70 weeks after a “meme stock” frenzy cooled off. Retail…
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Tiger Woods’ accidents are “more durable to heal,” says the surgeon
The orthopedist Dr. Scott Boden has broken down the extent of Tiger Woods’ injuries and his recovery in CNBC’s “The News with Shepard Smith” after the golfer’s devastating crash on Tuesday morning. “We know it’s an open fracture, which means that the bone has at least temporarily entered the skin and broken in multiple places.…
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Covid variants may “undermine all of our efforts”
Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention. Chip Somodevilla | Getty Images New, highly transmissible variants of Covid-19 “may” “reverse” the nation’s control of the pandemic and could undermine “all of our efforts” against the disease if the virus proliferates in different parts of the world, Chief of the United…
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Bruce Springsteen pleads responsible of public ingesting, prosecutor drops DWI fees
Bruce Springsteen performs at a sound check at the Perth Arena in Perth, Australia. Will Russell | Getty Images A federal attorney on Wednesday dropped charges of drunk and reckless driving against rock legend Bruce Springsteen. But the musician pleaded guilty to drinking alcohol in a national park late last year, NBC News reported. After…
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Marvel’s ‘Loki’ sequence will debut on Disney + June 11th
Favorite Marvel villain Loki will debut on Disney + June 11th. The long-awaited “Loki” series, which takes place after the events of “Avengers: Endgame,” stars Tom Hiddleston in the title role and will feature Owen Wilson. The series focuses on an alternate version of Loki who escaped the Avengers imprisonment during her attempted “time robbery”.…
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Bigger PPP loans for gig employees, self-employed haven’t began but
MoMo Productions | Getty Images Millions of self-employed and gig workers got good news this week. The Biden administration on Monday changed how the Small Business Administration’s Paycheck Protection Program calculates the credit available for the smallest businesses and sole proprietorships. But there is a catch. The updated formula, which is likely to result in…
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Lowe’s fourth quarter 2020 consequence (LOW) beats estimates
Shoppers wearing protective masks wait in line to pick up a store from Lowe’s Cos on Wednesday, May 20, 2020. To be entered in San Bruno, California, USA. David Paul Morris | Bloomberg | Getty Images Lowe’s announced on Wednesday that sales in the same store rose 28.1% in the fourth quarter as consumers spent…
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Investor Rakesh Jhunjhunwala on India’s electrical car market
Indian billionaire Rakesh Jhunjhunwala counts on automaker Tata Motors as one of the winners in India’s growing electric vehicle market. “I think the biggest and best electric car player in India will be Tata Motors,” Jhunjhunwala told CNBC’s Street Signs Asia on Tuesday. “I’m a major shareholder in Tata Motors. I play the EV story…
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Kia presents Carnival 2022 as a brand new SUV-inspired minivan with VIP seating
Kia Motors is replacing its Sedona minivan with a new SUV-inspired model called the Carnival from the second quarter of this year. The 2022 Carnival “multipurpose vehicle,” also known as the minivan, features a box-shaped exterior, a large grille, and an overall design that looks bolder and sturdier than the outgoing model. It features new…
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“We’ve got to do a greater job” vaccinating minority communities, says the Connecticut governor
Connecticut Governor Ned Lamont, D, told CNBC’s The News with Shepard Smith, “We need to do a better job there” when it comes to delivering Covid vaccines to underserved communities. “People of color are twice as likely to be infected and have complications and vaccinated half as often,” Lamont said during an interview on Tuesday…
