Tuesday, December 7, 2021
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U.S. natural gas plummets more than 10%, following worst week since 2014

A liquid natural gas (LNG) storage silo at the LNG terminal, operated by LNG Croatia LLC, in Krk, Croatia, on Monday, Jan. 25, 2021.Petar Santini | Bloomberg | Getty ImagesU.S. natural gas futures plunged more than 10% on Monday, falling to the lowest level since August on forecasts for

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S&P 500 futures gain slightly despite recent tech stock selling, bitcoin’s weekend rout

S&P 500 futures were higher even after a losing week on Wall Street as investors ditched equities amid concerns over the new omicron Covid variant and the Federal Reserve's move to tighten policy.Nasdaq stock futures were the underperformer on Sunday following a big drop in bitcoin over the weekend

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Bitcoin stabilizes at $49,000 after Friday’s overnight plunge

The Bitcoin logo is displayed on the screen of a Bitcoin ATM on November 10, 2021 in Los Angeles, California.Mario Tama | Getty ImagesBitcoin prices stabilized on Sunday morning after wild trading sent the cryptocurrency tumbling more than 17% in just 24 hours.The cryptocurrency traded at $48,953 around 9:15

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Steve Cohen-backed start-up bets on 24-hour trading so investors can react instantly to tweets

Steven A. CohenGetty ImagesHedge-fund billionaire and NY Mets owner Steve Cohen has invested in a crypto start-up that aims to launch a stock exchange with 24-hour trading.Cohen's venture-capital fund Point72 Ventures is leading a $14 million funding round for 24 Exchange, a Bermuda-based crypto and foreign exchange trading platform that

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Stock futures inch higher after sell-off prompted by first U.S. omicron case

U.S. stock index futures inched higher during overnight trading on Wednesday, after the CDC confirmed the first known case of the omicron variant in the U.S., sending stocks tumbling.Futures contracts tied to the Dow Jones Industrial Average gained 72 points. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures

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Capital One says it is ditching all consumer overdraft fees, giving up $150 million in annual revenue

Capital One says it is eliminating all overdraft fees for retail banking customers.It's the largest U.S. bank yet to end the industry practice of charging customers a hefty fee, typically $25 to $35 in each instance, for allowing transactions that exceed a customer's balance, according to the McLean, Virginia-based

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A for-profit prison company is going public via SPAC, raising ESG concerns in the blank-check space

A trader works on the floor of the New York Stock Exchange (NYSE) on November 29, 2021 in New York City.Spencer Platt | Getty ImagesThe red-hot SPAC market could have an ESG problem.Securus Technologies, a prison services company that makes profit from charging families of the incarcerated for phone

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Harrison Street CEO Christopher Merrill says inflation could last ‘for the next decade’

(Click here to subscribe to the new Delivering Alpha newsletter.)During his testimony before the Senate Banking, Housing and Urban Affairs committee on Tuesday, Fed Chair Powell said inflation "won't leave a permanent mark." But one investor thinks inflation may be here to stay. Christopher Merrill is the co-founder and CEO of Harrison

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Goldman Sachs unveils Amazon-backed cloud service for Wall Street trading firms

David Solomon, chief executive officer of Goldman Sachs & Co., listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.Kyle Grillot | Bloomberg | Getty ImagesGoldman Sachs is getting into the cloud computing business.The bank is opening up access to its trove

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Ray Dalio says cash is not a safe place right now despite heightened market volatility

Bridgewater Associates' Ray Dalio stood by his belief that cash is not the place to be despite the volatility in the markets triggered by the new omicron Covid variant."Cash is not a safe investment, is not a safe place because it will be taxed by inflation," the founder of

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