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Saying goodbye to a wild year for stocks

We’re hoping to shelve the word ‘unprecedented’ for a while as 2021 gets underway — but first, one final look at a 2020. The Dow and the S&P 500 ended the year at record highs and the Nasdaq Composite logged its best performance since 2009 with a whopping 43.6% jump. Overall, the indexes registered gains

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Tesla hit half-million car target in 2020

Tesla hit its goal of building a half-million cars in 2020, a first for the company, it reported Saturday. The completed deliveries to customers, which is slightly different from the production figure, fell just short of that same goal as it delivered 499,550 cars. That sales total rounds up to the 500,000 target, though. The

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Bitcoin soars past $33,000, its highest ever

Bitcoin has been flirting with the $30,000 mark for weeks, and finally passed that record-setting level Saturday. The virtual currency is now valued at above $33,000, an all-time high. Bitcoin has tripled in value during 2020, growing steadily even as the stock market plunged in the early days of the pandemic. Investors have been drawn

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Microsoft says hackers viewed its source code

Microsoft said Thursday that the suspected Russian hackers behind a massive US government security breach also viewed some of the company’s source code. The unauthorized access does not appear to have compromised any Microsoft services or customer data, the company said in a blog post. But an investigation showed that the attackers took advantage of

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Another 787,000 Americans filed first-time claims for jobless benefits last week

Another 787,000 Americans filed first-time claims for jobless benefits during the Christmas week, factoring in seasonal adjustments, the Labor Department reported Thursday. It marked a decrease from the prior week and was slightly better than economists had predicted. Even so, claims were still three-and-a-half times higher than in the same period last year. Overall, unemployment

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Ticketmaster to pay $10 million in fines after admitting to illegally accessing competitor’s computers

Ticketmaster entered into a plea agreement with federal prosecutors in Brooklyn, New York and will pay $10 million in fines to resolve charges that it accessed the computer systems of a competitor without authorization. “Ticketmaster employees repeatedly — and illegally — accessed a competitor’s computers without authorization using stolen passwords to unlawfully collect business intelligence,”

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