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Tech Stocks Sink As Treasury Yields Jump To Multi-Year Highs

Plus, jobless claims unexpectedly rose, Apple is reportedly planning to release new iPad Pro models in April, Peloton has teamed up with Adidas on an athletic apparel line, and Amazon is testing its Rivian-made electric delivery vans in San Francisco.

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Plug Power Shares Sink On Filing That Reveals Accounting Errors – Is This A Buying Opportunity?

Plus, Amazon is expanding its telehealth service and is also now the biggest apparel retailer in the U.S., and Morgan Stanley became the first major U.S. bank to offer bitcoin funds to its wealth management clients.

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Ford Shares Sink Lower After Automaker Announces $2 Billion Convertible Note Offering

Plus, Moderna has began dosing participants in the trial of its COVID-19 vaccine in children, Google unveiled its second-generation Nest Hub device, and Dick’s Sporting Goods announced a new men’s athleisure line to compete with Lululemon.

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Airline Stocks Surge As TSA Sees Weekend Screenings Rise To Highest Level In A Year

Plus, more countries are suspending the use of AstraZeneca’s COVID-19 vaccine on blood clot concerns, Elon Musk has a new title at Tesla, and bitcoin rallied above $61,000 over the weekend.

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Lordstown Motors Shares Sink After Activist Firm Accuses The EV Maker Of Misleading Investors

Plus, the $1.9 trillion stimulus plan has been signed into law, L Brands shares are up after the Victoria’s Secret owner lifted forecasts and reinstated its dividend, and AT&T said it now expects to see HBO Max and HBO subscribers of up to 150 million by 2025.

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Jobless Claims Rose Less Than Expected As President Biden Prepares To Sign $1.9 Trillion Stimulus Deal

Plus, AstraZeneca shares are down after Denmark temporarily suspended use of its COVID-19 vaccine, Johnson & Johnson’s coronavirus vaccine was approved for use in the EU, and a group fo activist investors reduced the number of board seats it wants on Kohl’s board.

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GE Is Selling Its Jet Leasing Business For $30 Billion

Plus, the U.S. is buying 100 million additional doses of Johnson & Johnson’s COVID-19 vaccine, Apple is reportedly cutting its iPhone production by 20% due to lower than expected demand for its iPhone 12 mini model, and SunRun shares are up on two analyst upgrades.

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Tech Stocks Move Higher As 10-Year Treasury Yield Falls To 1.52%

Plus, Chipotle shares are up as the restaurant chain announces the addition of quesadillas to its digital menu, Target is launching a new private food label, Dick’s reported an earnings beat, and bitcoin again has a market cap of more than $1 trillion.

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GameStop Taps Chewy Co-Founder To Lead Shift To E-Commerce – Shares Up 30%

Plus, $1.9 trillion stimulus deal expected to be signed by President Biden early in the week after bill passed the Senate over the weekend, PayPal is buying crypto security firm Curv, and GE may be nearing an agreement to combine its jet leasing business with AerCap Holdings.

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Tech Stocks Drop As 10-Year Yield Surges Above 1.6%

Plus, the Labor Department’s February jobs report was stronger than expected, Kohl’s shares are down after a group of activist investors said the retailer is settling for being the “best of the worst,” and ViacomCBS shares jumped to a new all-time high after launching its Paramount+ streaming service.

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Senate Pushes Vote On $1.9 Trillion Stimulus Bill To This Weekend

Plus, jobless claims rose less than expected, Square is taking a stake in Tidal, Amazon is reportedly seeking exclusive streaming rights for the NFL’s Thursday games, and GM and LG Chem are considering building another battery plant in the U.S.

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Biden Set To Announce Merck Will Help Produce J&J’s COVID-19 Vaccine

Plus, Target and Kohl’s both delivered earnings beats, Taco Bell-owner Yum Brands bought an A.I. business to help it improve its marketing, and Instacart’s valuation has doubled.

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Walmart Just Poached Two Goldman Bankers As The Retailer Ventures Into Consumer Banking

Plus, bitcoin is up after Citi said the digital coin could one day “become the currency of choice for international trade,” Boeing is up after United Airlines said it is buying 25 more 737 Max planes, and another space start-up is going public through a SPAC merger.

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House Expected To Pass $1.9 Trillion Coronavirus Relief Bill Today

Plus, DraftKings delivered an earnings beat, AT&T is selling off its DirecTV unit, and an internal review found that Nikola’s founder and former CEO made inaccurate statements following accusations by a short seller in September 2020.

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