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Selasa, 23 Februari 2021

US tech rout set to continue after rising bond yields drive sharp sell-off, while bitcoin plunges again

The fall in US futures came after the tech-heavy Nasdaq index dropped 2.46% on Monday as rising bond yields weighed on stocks.
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US tech rout set to continue after rising bond yields drive sharp sell-off, while bitcoin plunges again

US tech rout set to continue after rising bond yields drive sharp sell-off, while bitcoin plunges again

The fall in US futures came after the tech-heavy Nasdaq index dropped 2.46% on Monday as rising bond yields weighed on stocks.

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Veteran investor Eric Schleien explains why Warren Buffett's Berkshire Hathaway invested in Verizon and Chevron, sold Pfizer, and slashed its Apple, JPMorgan, and Wells Fargo stakes
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Veteran investor Eric Schleien explains why Warren Buffett's Berkshire Hathaway invested in Verizon and Chevron, sold Pfizer, and slashed its Apple, JPMorgan, and Wells Fargo stakes

Buffett may have liked Verizon's dividend yield, valuation, and 5G upside, and Chevron's stability and exposure to higher oil prices, Schleien said.

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New York City movie theaters will reopen on March 5 at limited capacity, Cuomo says

New York City movie theaters will reopen on March 5 at limited capacity, Cuomo says

New York City's movie theaters have been closed since mid-March of 2020 amid the coronavirus pandemic.

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PPP will only be open to firms with 20 or fewer employees for the next 2 weeks. Here's how to apply.
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PPP will only be open to firms with 20 or fewer employees for the next 2 weeks. Here's how to apply.

Businesses that received a loan over the summer can apply for a second round of funding.

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Churchill Capital Corp IV plunges 35% after Lucid Motors strikes SPAC deal to go public with a $24 billion valuation

Churchill Capital Corp IV plunges 35% after Lucid Motors strikes SPAC deal to go public with a $24 billion valuation

The deal will generate about $4.4 billion in cash for Tesla rival Lucid, which plans to use the funds to expand its manufacturing facility in Arizona.

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How a Harvard grad got her business acquired twice — most recently for $1.35 billion
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How a Harvard grad got her business acquired twice — most recently for $1.35 billion

Lissy Hu's 8-year-old company CarePort Health has been acquired twice — by Allscripts in 2016 and WellSky in December 2020, for $1.35B.

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'Flood gates are about to open': Bank of America just boosted its forecast for 2021 US GDP growth for these 3 reasons

'Flood gates are about to open': Bank of America just boosted its forecast for 2021 US GDP growth for these 3 reasons

"The goods side of the economy is still riding high while the services side is waiting with bated breath to participate," Bank of America said.

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Businesses can apply for a 2nd PPP loan if they meet 6 criteria — and those with 20 or fewer employees just got a boost from the Biden Administration
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Businesses can apply for a 2nd PPP loan if they meet 6 criteria — and those with 20 or fewer employees just got a boost from the Biden Administration

The SBA just announced that for two weeks starting Wednesday, February 24, it will limit applications to only businesses with 20 or fewer employees.

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How a woman turned her backyard into an urban farm that sells to restaurants and hosts events
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How a woman turned her backyard into an urban farm that sells to restaurants and hosts events

Joanna Bassi started from the ground up in 2018. The next year, she netted nearly $6,000 in revenue, and in 2020 earned $7,000.

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Restaurant tech startup Toast is reportedly preparing for an IPO. It's part of a growing group of companies offering restaurants alternatives to DoorDash, Uber Eats, and Grubhub and their hefty fees.
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