The site, a throwback to an earlier era of social media, is poised to go public as soon as next week. It hasn’t been easy to reach this point.
Category: Stocks and Bonds
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China Sets Economic Growth Target of About 5%
Premier Li Qiang targets economic growth of about 5 percent this year as China signals readiness to borrow more for spending programs.
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China’s Country Garden Faces Winding Up Petition In Hong Kong
Country Garden was once China’s biggest developer but ran out of money. A lender is taking it to court in Hong Kong, a sign of continuing market distress.
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Macy’s Will Close 150 Stores but Expand Bloomingdale’s and Bluemercury
The retailer, under a new chief executive and facing a takeover bid, outlined a three-year strategy to achieve “sustainable, profitable growth.”
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Stocks Jump as Nvidia Sets Off Tech Rally
It was the S&P 500’s best day in more than a year, and the tech-heavy Nasdaq composite rose more than 3 percent.
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Nvidia and an AI ‘Tipping Point’ Ignites a Market Rally
Amid blowout earnings, the chipmaker Nvidia predicted the start of a “10-year cycle” of growth fueled by artificial intelligence.
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Nvidia Is a Must-Buy. Or Is It?
The chipmaker’s high “price to sales” ratio reflects investor enthusiasm around its growth prospects. But relying on that metric created trouble during the dot-com boom.
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Japan’s Nikkei Hits Record High, Surpassing 1989 Peak
A shift in investors’ outlook for Japan has encouraged a flurry of cash into the country’s markets.
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Japan’s Nikkei Hits Record High, Surpassing 1989 Peak
A shift in investors’ outlook for Japan has encouraged a flurry of cash into the country’s markets.