Facebook’s Stock Defies Gravity Despite Looming $5 Billion FTC Probe

By CCN: Facebook’s stock ran up 7.5% in after-hours trading to $196 after Q1 earnings painted a seemingly rosy growth picture. Revenue exploded by $3.1 billion to $15.08 billion, which exceeded estimates. Facebook CEO Mark Zuckerberg, however, revealed that the FTC’s investigation into the company for privacy problems will be painful on the expense line, saying: …

Dow Under Pressure as Crude Oil Politics Strangles Stock Rally

By CCN: The Dow and broader U.S. stock market drifted lower Wednesday, pressured by a sharp decline in energy shares after government data showed a surprise build-up in commercial crude inventories. Dow Slides; S&P 500, Nasdaq Follow All of Wall Street’s major indexes traded in negative territory, mirroring a skittish start to the day for …

Meteoric Dow Races Toward Record as Earnings Crush Brutal Forecasts

By CCN: The Dow and broader U.S. stock market surged on Tuesday, as investors rallied behind stronger than expected earnings results from the likes of United Technologies Corp (UTX) and Twitter (TWTR). Dow Pounds Toward Record Levels Dow Jones Industrial Average (DJIA) may soon join S&P 500, Nasdaq in record territory. | Chart via Yahoo …

Why Uber’s $100 Billion Valuation is Wildly Bullish for Lyft Stock

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Crypto Hero? Retiring CFTC Chief Bites Back at Anti-Bitcoin Bullies

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Is a Meteoric Rise Awaiting?

In one spectacular quarter, the U.S. stock market has almost fully recovered from its 2018 correction with the Dow Jones nearing 26,000 points and the S&P 500 surpassing November levels. Since December 24, the Dow Jones has rebounded from 21,792 points to 25,928 points by 18.9 percent and the S&P 500 demonstrated a similar performance, …