The US economy experienced the largest decline in activity it has ever seen in the second quarter, although it was not as bad as feared. Gross domestic product from April to June fell 32.9%, according to the Commerce Department’s first reading of data released Thursday. Economists surveyed by Dow Jones …
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A cyclist passes the New York Stock Exchange in New York on May 26, 2020. Wang Ying | Xinhua News Agency | fake pictures US stock futures rose Wednesday night after a session in which the main averages posted solid gains as the Federal Reserve pledged to maintain current stimulus …
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The Robinhood crowd has a new favorite speculative stock: Eastman Kodak. In the last 24 hours, more than 20,000 users have added the shares to their portfolio, making them the most popular action in the commercial application favored by the millennium according to Robintrack data, which tracks user activity but …
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Alan Patricof, co-founder and managing director of Greycroft Partners LLC. Chris Goodney | Bloomberg | fake pictures Venture capitalist Alan Patricof is still investing in startups. At 85, he now supports technology designed for people in their later stages of life. The founder of Greycroft and Apax Partners announced Wednesday …
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Eastman Kodak was fired on Tuesday after President Donald Trump announced an agreement to work with the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic. Kodak shares soared over 60% in extended trading. The shares tripled during Tuesday’s regular exchange for its best day …
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