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Wall Street deserves Tech Stocks by Investing.com

© Reuters. Investing.com – Wall Street rallied on Tuesday as an increase in technology stocks helped lift emotions. It jumped 221 points, or 0.9%, at 9:51 ET (13:51 GMT), while achieving 25 points or 0.9%, and the tech-heavy was up 82 points or 1.1 %. The market was hit hard Friday and flat Monday when a yield curve inversion raised …

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WeWork loses $ 1.9B in $ 1.8B in revenue during 2018

Morning markets: In today's boom is rarely the technological giant who makes money. And some lose a lot. And then there is WeWork. WeWork, now styled as The We Company grew rapidly in 2018. The famous unicorn doubled revenues from $ 886 million in 2017 to around $ 1.8 billion in 2018. This growth stuck with rigid loss. Subscribe to …

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American home prices are slowly growing for 4 years

Housing price inflation has slowed to its slowest pace since 2015. On Tuesday, Standard & Poors said its S & P CoreLogic Case-Shiller's national housing price index reported an annual growth of 4.3% in January, from 4.6 % one month earlier. It also marked 10 consecutive months of weakening inflation. The 20-City Composite had an annual gain of 3.6%, lacking …

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Cannabis producer Cronos drops after income comes up short (CRON)

Associated Press Crono's lost revenue and expected revenues for the fourth quarter. Stocks slipped more than 4% early on Tuesday. Watch Cronos trade live. The Cronos cannabis producer fell more than 4% early on Tuesday after missing Wall Street's revenue estimate for the fourth quarter. Cronos reported revenues of 5.6 million Canadian dollars, well below the consensus estimate of 10.8 …

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Crono's shares slip the 2% premarket after earnings

Cronos Group Inc. CRON, + 6.76% said Tuesday it had sales of $ 5.6 million in the fourth quarter, up from $ 1.6 million in the fourth quarter of 2017. In the fourth quarter, Cronos fluctuated At loss, net loss of C $ 11.8 million, or 6 cents per share, against a profit of $ 667,000, representing a penny a …

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Samsung profit warning shows more problems ahead for smartphone makers

The Korean technology giant said on Tuesday that revenues for the first quarter of the year will be less than market expectations due to slumping demand for the memory chips and display panels it provides for electronic devices. Samsung had already warned in January that sales and operating profit would fall by a double-digit percentage in the quarter, referring to …

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