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Russia restricts Instagram after its parent Meta allows violent threats against military for Ukraine invasion

4 years ago

Russia’s technology regulatory agency restricted access to the social media platform Instagram.
The move comes after its parent Meta decided to allow posts from users in some countries calling for violence against Russia and its military.
The policy allows Instagram and Facebook users in Russia, Ukraine and Poland to call for the death of Russian President Vladimir Putin and Belarusian President Alexander Lukashenko.
Russia already blocked access in the country to Facebook on March 4 and has restricted access to Twitter.

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Warren Buffett is still buying Occidental Petroleum, adding shares worth $1.5 billion

4 years ago

An SEC filing late Friday revealed the purchases were made on Wednesday, Thursday and Friday at prices between $51.03 and $58.58. The weighted average of the buys is around $56.60.

That gives Berkshire a total of 118.3 million shares that are worth almost $6.9 billion at Friday’s close of $57.95.

Chinese stocks are down sharply on Thursday. Here’s what could be behind the decline

4 years ago

ADRs are securities that represent shares of non-U.S. companies, and they are traded on U.S. exchanges.

The act, which was passed in 2020, permits the SEC to ban companies from trading and be delisted from U.S. exchanges if American regulators are not able to review company audits for three consecutive years.

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S&P 500 falls on Thursday as stocks resume their downward move from Russia-Ukraine war

4 years ago

Markets have been tied closely to the conflict and have been inversely correlated with energy prices, which have been on a tear higher during the Russia-Ukraine war. Since Feb. 24 — when Russia invaded Ukraine — West Texas Intermediate crude have risen more than 14%, while Brent crude oil is up about 15% in that time.

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Dow drops more than 460 points to end losing week on rate fears

5 years ago

All three major averages posted weekly losses as fears of higher interest rates and inflation deepened. The S&P 500 slid 2.5% this week for its second negative week in a row. The 30-stock Dow fell 1.8%, and the Nasdaq was the relative underperformer this week, losing 4.9%.

Ether is the digital coin that powers the ethereum network. Developers can build apps upon ethereum’s network.

5 years ago

Ether, the world’s second-largest digital currency, hit a record high on Thursday.
The price of ether hit $1,918.52 during morning trade in Asia but has since pared some gains, according to CoinDesk data.
The rally in bitcoin, which surpassed $52,000 for the first time on Wednesday, is helping to push up ether as well.

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U.S. top diplomat condemns ‘harsh’ crackdown on Russian protests, renews call for Putin critic’s release

5 years ago

Secretary of State Anthony Blinken condemned Russia’s use of “harsh tactics” against peaceful protesters who urge for the release of Putin opposition leader Alexei Navalny.
More than 4,500 people were detained by Russian authorities for participating in the protests, according to a monitoring group.
“It remains striking to me, how concerned, and maybe even scared, the Russian government seems to be of one man, Mr. Navalny,” Blinken said last week.

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Dow drops more than 600 points Friday, suffers worst week since October amid GameStop trading frenzy

5 years ago

The Dow Jones Industrial average lost 620.74 points, or 2%, to 29,982.62, the first time the 30-stock gauge has closed below the 30,000 mark since Dec. 14. The S&P 500 fell 1.9% to 3,714.24 as 10 sectors registered losses. The Nasdaq Composite slid 2% to 13,070.69 as Apple dropped 3.7% and other major tech names slipped.

Crypto investment firm Grayscale sees 900% jump in assets to $20 billion amid bitcoin frenzy

5 years ago

Grayscale kicked off last year with $2 billion in assets under management and ended with more than $20.2 billion, driven by demand from institutional investors such as hedge funds, endowments and pension funds.
Grayscale’s Bitcoin Trust became a popular, publicly traded way for investors to get exposure to cryptocurrency without owning the coins themselves.
“There’s no longer professional risk of investing in the digital currency asset class — there’s probably more career risk in not paying attention to it,” said CEO Michael Sonnenshein.

Breaking News

Russia restricts Instagram after its parent Meta allows violent threats against military for Ukraine invasion

Warren Buffett is still buying Occidental Petroleum, adding shares worth $1.5 billion

Chinese stocks are down sharply on Thursday. Here’s what could be behind the decline

S&P 500 falls on Thursday as stocks resume their downward move from Russia-Ukraine war

Dow drops more than 460 points to end losing week on rate fears

Ether is the digital coin that powers the ethereum network. Developers can build apps upon ethereum’s network.

U.S. top diplomat condemns ‘harsh’ crackdown on Russian protests, renews call for Putin critic’s release

Dow drops more than 600 points Friday, suffers worst week since October amid GameStop trading frenzy

Crypto investment firm Grayscale sees 900% jump in assets to $20 billion amid bitcoin frenzy

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