Policy/General News

Meet the 30-year-old on the verge of selling his company to Adobe for $20B

Almost overnight, this 30-year-old has become the tech world’s newest titan – and is on his way to becoming one of the world’s youngest billionaires. Dylan Field, co-founder and CEO of San Francisco-based Figma, is set to enjoy an epic bargain after Adobe ADBE, -3.12% announcement plans to acquire his company for $20 billion this …

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Google randomly sent him $250K. This is what happened next.

A self-proclaimed hacker was randomly paid nearly $250,000 by Google. He was confused by the payment. On Tuesday, Sam Curry tweeted about Alphabet Inc.’s mysterious GOOGL payment, -0.88% Google. “It’s been just over 3 weeks since Google randomly sent me $249,999 and I still haven’t heard anything about the support ticket. Is there a way …

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Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit

After that CPI shock earlier in the week, Wall Street is showing a fresh batch of data on Thursday, with the overall retail sales figure coming in higher than expected. And a disastrous rail strike can be reversed. But there is little to cheer billionaire investor and hedge fund manager Ray Dalio who, in our …

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These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout

A drop in gasoline prices couldn’t mask the problem that spooked investors on September 13: core consumer prices resumed their rapid rise in August. Fear of the Federal Reserve’s continued monetary policy tightening to fight inflation sent the Dow Jones Industrial Average DJIA down 1,276 points (or 3.9%) to 31,104, with all 30 components posting …

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Why ‘quantitative tightening’ is the wild card that could sink the stock market

Quantitative monetary easing is credited with boosting stock returns and boosting other speculative asset values ​​by flooding markets with liquidity as the Federal Reserve clawed back billions of dollars worth of bonds during the crisis financial crisis of 2008 and the coronavirus pandemic of 2020 in particular. Investors and policymakers may be underestimating what happens …

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Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks.

According to a new index in the brokerage app aimed at new investors, tech companies, electric vehicle makers and some meme stocks are among the overall mix of stocks in Robinhood users’ portfolios. These are stocks like Amazon AMZN, +2.66%, MicrosoftMSFT, +2.30%, TeslaTSLA, +3.60%, AppleAAPL, +1.88%, Ford Motor Company F, -0.32% and Disney DIS, +2.54%. …

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‘An increasing squeeze on list prices.’ 3 top economists and real estate pros on the housing markets where home prices will drop the most this year

Some markets may be more vulnerable to house price declines than others, the pros say. Getty Images Buyers in some markets are already getting — or may soon get — some relief in the form of lower home prices, the pros say. Already, over the past 4-8 weeks, experts have noticed downward price pressure in …

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