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GameStop Record Surge Amidst Pull of War Provides Reddit Army Win

(Bloomberg)– In the fight in between short-seller Citron Research and an army of Reddit-charged day traders, GameStop Corp.’s seemingly unlimited rally to an all-time high has actually given the stock’s bulls a win, though not without controversy. GameStop’s 105% gain through Friday follows it more than doubled the week before …

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Warren Buffett Backed BYD Raises $3.9 B In Hong Kong

TipRanks Well, it’s main. Joe Biden is now President, and he’ll be backed– at least for the short term– by Democratic majorities in both Homes of Congress. Wall Street is taking the measure of the new Administration, and sees, amongst its very first relocations, an increase in fiscal stimulus that …

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Intel’s New CEO Commits to Manufacturing, Shares Fall

(Bloomberg)– Intel Corp.’s inbound Ceo Pat Gelsinger pledged to gain back the business’s lead in chip manufacturing, countering growing calls from some investors to shed that part of its service. ” I am positive that most of our 2023 items will be manufactured internally,” he said. “At the exact same …

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