Wednesday, September 22, 2021
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Stocks will break out of trouble and hit new record highs, market bull Tony Dwyer predicts

A significant buying opportunity may be unfolding on Wall Street.Canaccord Genuity's Tony Dwyer believes a record rally will follow the recent market tumult."We're going to move from this summer of indigestion into the year-end opportunity," the firm's chief market strategist told CNBC's "Trading Nation" on Tuesday. "We're just not

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DraftKings makes $20 billion offer for UK sports betting company Entain, sources say

Omar Marques | LightRocket | Getty ImagesDraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people familiar with the matter told CNBC's David Faber on Tuesday.The offer is largely in DraftKings stock, along with cash, according to the sources.Entain shares jumped roughly 17%

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JPMorgan Chase is buying college financial aid platform Frank to deepen ties with students

Charlie Javice, Founder/CEO of Frank, which is a college financial aid start-up.Source: JP MorganJPMorgan Chase has acquired college planning platform Frank to deepen relationships with students and their parents, CNBC has learned exclusively.Frank is an online portal with tools that help students apply for and negotiate financial aid, enroll

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Revolut, the $33 billion fintech player, is rolling out commission-free stock trading in the U.S.

Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California.Kimberly White | Getty ImagesRevolut, the global fintech player valued at $33 billion, will soon offer commission-free stock trading to U.S. customers for the first time, CNBC has learned.The start-up is set to announce Tuesday

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Stock futures are flat following the S&P 500’s worst day since May, Fed meeting ahead

U.S. stock futures were about flat in overnight trading on Monday following a major sell-off on Wall Street that resulted in the S&P 500's worst day since May.Dow Jones futures fell just 12 points. S&P 500 futures were down less than 0.1% and Nasdaq 100 futures were about flat.The

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Fintech firm Wise launches feature that lets users spend money invested in stocks

The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesLONDON — British financial technology firm Wise debuted an investments feature Tuesday that lets users invest in stocks through multiple currencies and spend their holdings.The new feature, called Assets, allows customers to invest

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Shell announces $9.5 billion sale of West Texas oil field assets to ConocoPhillips

Separator tanks stand at the Royal Dutch Shell Plc processing facility in Loving, Texas, Aug. 24, 2018.Callaghan O'Hare | Bloomberg | Getty ImagesOil giant Royal Dutch Shell on Monday announced a deal to sell the entirety of its Permian Basin assets to ConocoPhillips.ConocoPhillips is purchasing the West Texas business

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Stock futures dip after Dow notches three straight losing weeks for first time in 2021

A trader works on the floor at the New York Stock Exchange, August 27, 2021.Source: NYSEU.S. stock futures dipped in overnight trading Sunday after the Dow Jones Industrial Average turned in three straight weeks of losses for the first time since September 2020.Futures on the Dow shed 114 points,

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Billionaire Peter Thiel could be forced to pull $5 billion from his retirement account, if House bill passes

Billionaire Peter Thiel, PayPal co-founder and chairman of Palantir Technologies, during a news conference in Tokyo, Japan, on Nov. 18, 2019.Kiyoshi Ota/Bloomberg via Getty ImagesBillionaire Peter Thiel and others with huge retirement account balances are in lawmakers' crosshairs.House Democrats unveiled a tax package on Monday that would force distributions

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Suspicious trades were made before Goldman’s $2.2 billion acquisition of GreenSky, options experts say

Sam Edwards | Getty ImagesThe day before Goldman Sachs announced its $2.2 billion purchase of fintech lender GreenSky, someone placed options trades that immediately soared in value, moves that market participants say indicates advance knowledge of the deal.On Sept. 14, the trader bought 8,000 options that would only pay

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