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Asian Stocks Jump After China Cuts Five-Year Loan Prime Rate
China cut its five-year loan prime rate (LPR) by 15 basis points to help bolster its housing market. China cut its five-year loan prime rate (LPR) by 15 basis points to help bolster its housing market. -
Amazon, Target, And Walmart Stocks Plummet Amid Rising Inflation
Amazon's stock price ended 7.6% lower, Walmart's around 6.79% lower, and Target's stock more than 26% lower. Amazon's stock price ended 7.6% lower, Walmart's around 6.79% lower, and Target's stock more than 26% lower. -
Warren Buffett Places $2.6 Billion In Paramount Global
Buffett's Berkshire Hathaway bought around 69 million shares of Paramount Global worth $2.6 billion. Buffett's Berkshire Hathaway bought around 69 million shares of Paramount Global worth $2.6 billion. -
Rivian Stock Price Up As It Claims To Be On Track To Meet Production Goals
Rivian Automotive said it can still meet its 2022 production target of building 25,000 units despite supply issues. Rivian Automotive said it can still meet its 2022 production target of building 25,000 units despite supply issues. -
Pfizer To Acquire Migraine Drug Maker Biohaven For $11.6 Billion
Pfizer's offer represents a 78.6% premium to Biohaven Pharmaceutical's latest closing price. Pfizer's offer represents a 78.6% premium to Biohaven Pharmaceutical's latest closing price. -
AMC Reports Massive Jump In Sales As People Return To Theaters
AMC increased its first-quarter revenue from $148.3 million last year to $785.7 million this year. AMC increased its first-quarter revenue from $148.3 million last year to $785.7 million this year. -
Peloton Actively Looking For Buyer To Purchase 20% Stake
Peloton is reportedly now in talks with some companies that are interested in purchasing the 20% stake it is offering. Peloton is reportedly now in talks with some companies that are interested in purchasing the 20% stake it is offering. -
Lyft Shares Tank By Nearly 30%, Dragging Down Other Ride-Hailing Stock
Lyft said it plans to focus its investments in driver incentives to address any unexpected surge in passengers. Lyft said it plans to focus its investments in driver incentives to address any unexpected surge in passengers. -
Airbnb Earnings Beat Expectations, Share Prices Surge
Airbnb reported a net loss of $19 million for the quarter, much lower than the $1.2 billion loss it reported a year earlier. Airbnb reported a net loss of $19 million for the quarter, much lower than the $1.2 billion loss it reported a year earlier. -
Meta Share Prices Surge Following Better-Than-Expected Q1 Results
Meta, formerly Facebook, generated $7.47 billion in profits over the first quarter. Meta, formerly Facebook, generated $7.47 billion in profits over the first quarter.