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Stellantis said it expects to take a 22-billion-euro ($26 billion) as it overhauls its business to accelerate the rollout of electric and hybrid vehicles.
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How options on the BlackRock bitcoin ETF may have worsened crypto meltdown CoinDeskBitcoin (BTC) price: BlackRock's ETF (IBIT) hits $10 billion volume record, hinting at capitulation CoinDeskBlackRock Links Record Bitcoin ETF Volumes With New Digital Advice Push simplywall.stAussie crypto ETF investors unfazed by Bitcoin bloodbath investordaily.com.au
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The Dow Jones industrial average surpassed 50,000 points for the first time, as old line stocks come back into vogue.
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UNITED STATES-INDIA JOINT STATEMENT The White House (.gov)Ambassador Greer Issues Statement on Joint Statement for a Trade Deal with India United States Trade Representative (.gov)US and India reach interim trade deal Financial TimesTrump Removes India's 25% Russia-Related Tariff After Deal bloomberg.com
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Dow surges 1,200 points for first close above 50,000 in sharp rebound from tech rout: Live updates CNBCStocks hit historic milestone as Dow crosses 50,000 points for first time ever cnn.comStock market today: Dow, S&P 500, Nasdaq rise after tech rout as Wall Street rethinks AI risks Yahoo FinanceCommentary: The Dow just broke 50,000. Here's what that means latimes.com
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Fear of AI Replacing Software Makers Hits Stocks. Here's What to Know. The New York TimesDon't label it a SaaSpocalypse just yet AxiosAllegra Stratton: Starmer Should Focus on Anthropic Bloomberg.comAI fears pummel software stocks: Is it 'illogical' panic or a SaaS apocalypse? CNBC
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The speculation that bitcoin would hit $200,000 in 2025 now seems like a dream. Because it was.
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Shares of Stellantis are headed for their worst-ever day of trading after the carmaker announced a massive charge to reset its business.
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The Dow Jones Industrial Average finished at a record 50,115.67 on Friday, rising more than 1,200 points for the day.
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Disruption. It's coming for the U.S. dollar in the form of digital currency. Last week the Biden administration detailed a broad plan for adopting a central bank digital currency (CBDC) in the coming years. The Departments of Energy, Commerce, the Treasury, and other agencies weighed in on how to manage and regulate a CBDC.
The government is reacting in part to the explosive growth of digital currencies. About three out of ten U.S. adults currently invest in some form of cryptocurrency, or "crypto," like Bitcoin or Ethereum. These digital "coins" rely on a decentralized network of computers to verify financial transactions, cutting out third parties like banks or credit cards.
The good, the bad, and the ugly of crypto
Advocates of crypto point to its affordability, efficiency, and its ability to reach consumers with little or no access to traditional banking services. With just a mobile phone or a crypto ATM, consumers can easily send and receive digital currency, even across international borders.
On the other hand, crypto is still largely unregulated and volatile. Investors in Bitcoin, for example, saw returns of over 70% in 2021, but the currency is down almost 60% year to date. And if you send your payment to the wrong account (called a "digital wallet") there may be no way to retrieve it. Crypto has also been used for money laundering, fraud, and to fund terrorism. Several
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