The economy has proven so many analysts wrong this year, so far. Shifting the goalpost? I guess by doing so, it will hit the target someday.īut here’s the question: why US must fall into a recession? Some analysts are saying recession will come in early 2024 instead of this year. The European Commission warned earlier this year that the deal could seriously affect interactive product design and whiteboards The request submitted a month before the summer vacation indicated that the company expects EU competition enforcement agencies to conduct a full investigation into the deal after an initial review. Adobe sought approval for the deal from the European Union on Friday. Sina Tech News reported on the morning of July 4, Beijing time, according to reports, documents submitted by the European Commission on Monday show that EU antitrust regulators will decide whether to approve Adobe's $20 billion deal to acquire Figma, a cloud-based designer platform, by August 7. The European Union will decide whether to approve Adobe's $20 billion acquisition of Figma by August 7 Investors in Zoom Video Communications (NASDAQ:ZM) Have Unfortunately Lost 74% Over the Last Three Years With the market volatile, it's crucial to stay informed on the latest options trends.Of tax deadline has been moved from April 15 to July 15 Subscribe to Fortune’ s Bull Sheet for no-nonsense finance news and analysis daily.Unusual Options Activity Closing Bell Delivery: PYPL, SE and Others Attract Market Bets, PYPL V/OI Ratio Reaches 2200.0ĮST Jul 5th Closing Delivery - In the last 3 hours of trading, 10 options with a high V/OI ratio were detected. Why? - How does America pay for the coronavirus relief bill? With two shiny coins -Will the “ Great Cessation” be worse than the Great Recession? -Listen to Leadership Next, a Fortune podcast examining the evolving role of CEOs -WATCH: The U.S. ![]() Everything you need to know about the coronavirus stimulus checks -The quickest way to boost the economy isn’t even being considered. When buying stocks, investors may want to add one more item to their due diligence list: double-check the ticker symbol. and Monster Worldwide, an online job-posting company which a broker reportedly confused for the other in 2011, placing an erroneous order for $144 million worth of its shares before market officials caught the mix-up. ![]() Other cases of mistaken stock identity include Nest Labs and Nestor (whose stock, with ticker symbol “NEST,” shot up when Google acquired Nest Labs in 2014) Facebook and Physicians Formula Holdings (which traded under the ticker “FACE” before it was acquired) and Monster Beverage Corp. When Twitter announced it would go public in 2013, the stock of Tweeter Home Entertainment, a retailer which was then in bankruptcy, soared as much as 2,200% over the following days before being halted. (Snap Interactive ultimately changed its name to PeerStream a year after the Snapchat maker’s IPO.)Īnd in 2015, Ionis Pharmaceuticals, a biotech company originally named Isis Pharmaceuticals, changed its name, along with its ticker symbol, from “ISIS” to “IONS,” over concern that association with the Islamic State terrorist group was hurting its stock price. (maker of social media app Snapchat), investors bid up shares of Snap Interactive-before Snap Inc. In 2017, during the run-up to the highly anticipated IPO of Snap Inc. It’s not the first time investors have bought the wrong stock after mixing up its ticker symbol with that of a more high-profile company, particularly during volatile market events, such as initial public offerings. The company most recently reported that it was headquartered in Beijing. That’s in spite of the fact that Zoom Technologies, according to the SEC, has not made “any public disclosure” whatsoever-including reporting on its finances or “its operations, if any”-since 2015. At its high at the end of last week, the “ZOOM” stock had increased nearly sevenfold-from around $3 a share to more than $20-in the span of a month. Meanwhile, Zoom Technologies, a so-called penny stock traded over the counter, had risen more than 240% over the same time frame before the SEC suspended it. ![]() Zoom Video’s stock has surged 50% since the broader market’s peak last month, a period in which the S&P 500 has fallen more than 20%. That other issuer is Zoom Video Communications (ticker symbol: ZM), whose stock price has, well, zoomed in recent days as droves of workers, confined to their homes to reduce the spread of COVID-19, have turned to its remote meeting services. ![]() Securities and Exchange Commission on Thursday halted trading in the shares of Zoom Technologies (ticker symbol: ZOOM), citing “concerns about investors confusing this issuer with a similarly named Nasdaq-listed issuer” during the coronavirus pandemic.
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