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Finance

  • US stocks dip as investors weigh bank earnings and spiking virus cases

  • Billionaire Bill Ackman lifts acquisition company's IPO target to record $4 billion

  • Citigroup reports 2nd quarter earnings that beat revenue and profit expectations on strong trading (C)

  • JPMorgan's Q2 earnings beat forecasts as investment banking revenue surges 91%

  • JPMorgan's Q2 earnings beat analyst forecasts as investment banking revenue surges 91%

  • Billionaire Salesforce founder Marc Benioff claimed the coronavirus would disappear from the US in 3 weeks if everyone wore a mask

  • Mohamed El-Erian warns that financial stress from coronavirus is 'far from over' and says investors must prepare for a debt crunch

  • The UK economy is doing even worse than we thought, and the prospects of a V-shaped recovery look bleak

  • Oatly scores $2 billion valuation and backing from Blackstone, Oprah, and Natalie Portman, WSJ says

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  • Elon Musk is closer than ever to a $2.4 billion payout as Tesla's stock skyrockets (TSLA)

  • Goldman Sachs initiates Disney at 'buy' with 15% upside as it expects streaming service to reach profitability next year and hit 150 million subscribers by 2025 (DIS)

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  • Amazon could jump nearly 16% this year as the coronavirus pandemic continues to boost demand, according to new biggest Wall Street bull (AMZN)

  • Robinhood upsizes funding round to raise an additional $320 million at a $8.6 billion valuation

  • A former top White House official blasts 'simply inexcusable' delays for coronavirus tests

  • Apple has a new Street-high price target — and the bullish analyst sees shares leaping 17% on 'massive' iPhone 12 demand

  • Apple has a new Street-high price target — and the bullish analyst sees shares leaping 17% on 'massive' iPhone 12 demand

  • Tesla surges 16% amid battery optimism, speculation of S&P 500 inclusion (TSLA)

  • Spartan Energy surges 29% after inking $2.9 billion 'blank check' merger with Tesla competitor Fisker Inc. (SPAQ)

  • Goldman Sachs says S&P 500 earnings per share will plunge 60% this quarter, the biggest decline since 2009

  • Moderna is poised to surge another 45% in the next year, COVID-19 vaccine could generate more than $5 billion in annual sales, Jefferies says (MRNA)

  • Stocks could hit record highs this summer on cautious investor positioning and better-than-expected COVID-19 data, Fundstrat's Tom Lee says

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