Category: drops

Dow Drops Sharply From Highs as McConnell Smashes Stimulus Hopes
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Dow Drops Sharply From Highs as McConnell Smashes Stimulus Hopes

The Dow Jones rose 360 points Wednesday, giving up a massive chunk of its intraday gains.Hopes of more fiscal stimulus and positive economic data lifted the mood on Wall Street.Senator Mitch McConnell knocked 150 points off the Dow as he stressed no stimulus deal was close.The Dow Jones rallied strongly mid-week after the White House…

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Dow Drops 100 Points as Miserable Month for Wall Street Continues
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Dow Drops 100 Points as Miserable Month for Wall Street Continues

The Dow Jones Industrial Average tumbled by as much as 147 points.September has been a miserable month with Wall Street, with the S&P 500 Index heading for its fourth straight weekly decline.A lack of progress on the stimulus front could keep stock prices subdued ahead of the November presidential election.The Dow and broader U.S. stock…

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Valve drops VR support for macOS
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Valve drops VR support for macOS

Valve is calling it quits on macOS support for its virtual reality platform. A Valve employee posted an update to the company’s SteamVR forums, noting that “SteamVR has ended macOS support so our team can focus on Windows and Linux.” Apple introduced “Metal for VR” back in June 2017 and highlighted a partnership with Valve.…

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Xerox drops $34B HP take-over bid amid COVID-19 uncertainty
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Xerox drops $34B HP take-over bid amid COVID-19 uncertainty

Xerox announced today that it would be dropping its hostile takeover bid of HP. The drama began last fall with a flurry of increasingly angry letters between the two companies, and confrontational actions from Xerox, including an attempt to take over the HP board that had rejected its takeover overtures. All that came crashing to…

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Tom Steyer Drops Out of Presidential Race: ‘Honestly, I Can’t See a Path’
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Tom Steyer Drops Out of Presidential Race: ‘Honestly, I Can’t See a Path’

Billionaire Tom Steyer (D) dropped out of the presidential race following an abysmal showing in South Carolina’s Democrat Primary on Saturday, despite dousing the state with millions of dollars in ads. Steyer officially suspended his presidential campaign on Saturday evening, shortly after outlets declared former Vice President Joe Biden (D) the winner of the Palmetto…

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Instagram drops IGTV button, but only 1% downloaded the app
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Instagram drops IGTV button, but only 1% downloaded the app

At most, 7 million of Instagram’s 1 billion-plus users have downloaded its standalone IGTV app in the 18 months since launch. And now, Instagram’s main app is removing the annoying orange IGTV button from its home page in what feels like an admission of lackluster results. For reference, TikTok received 1.15 billion downloads in the…

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U.S. Birth Rate Drops for Fourth Year, Remains Below Replacement Level
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U.S. Birth Rate Drops for Fourth Year, Remains Below Replacement Level

The United States’ birth rate has continued to decline for the fourth consecutive year, newly released federal data reveals. The Center for Disease Control and Prevention (CDC) published the finalized birth and fertility rates for 2018, finding that U.S. birth rates have been dropping since 2015. Last year, less than 3.8 million babies were born in…

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PayPal Drops Pornhub and the Crypto Community Rises to Fill the Gap
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PayPal Drops Pornhub and the Crypto Community Rises to Fill the Gap

PayPal suspends services for Pornhub. Over a hundred thousand pornographic actors are now cut off. Cryptocurrencies could thrive as a censorship-resistant payment method. In a drastic move, PayPal suspended its services to the world’s largest free pornographic site, Pornhub. Although the reasoning behind it is unknown, this could be an opportunity to show the intrinsic…

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