Will Dish Rates Go Up Again After Dispute With Lockwood Settled
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Zuckerberg Buries Facebook and Turns to His Next Big Thing
Facebook is over. Seven months after officially announcing the death of Facebook , Mark Zuckerberg, CEO of the social media giant, is preparing to bury it. This virtual or alternative world, in which we will communicate through avatars and with the help of technological tools, is seen as the next big leap into the future of Zuckerberg and the social platforms he runs.
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Over the last 24 hours, the price of the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), had fallen roughly 5% as of 12:55 p.m. ET today. Meanwhile, shares of the large crypto exchange Coinbase Global (NASDAQ: COIN) traded more than 12% lower, while crypto bank Silvergate Capital (NYSE: SI) was down nearly 10%. Bitcoin rebounded over the weekend and early this week, with some investors eying a potential bottom.
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Why Livent Stock Dropped 8% Today
Shares of lithium production company Livent Corporation (NYSE: LTHM) tumbled in Tuesday trading to close down 7.8% from Friday's close. You can blame Goldman Sachs for that. A 2019 spinoff from chemicals company FMC, Livent isn't the world's biggest lithium producer, but it's a sizable "tier 2" kind of a company that did $420 million in sales last year -- but just barely broke even.
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Why Lithium Americas Stock Crashed Today
Despite being not yet operational, and having no revenue to its name (much less profits), Lithium Americas stock has had a terrific run as investors bid up lithium assets in anticipation of booming demand for the metal, which is used to make the batteries that power electric vehicles. With lithium currently priced at $60,000 a ton, Goldman sees that slipping 10% to $54,000 later this year -- a pothole that precedes a bigger fall off a cliff. By next year, the banker believes, lithium prices will average just $16,000, a staggering 73% decline from present-day prices.
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2 Under-the-Radar Growth Opportunities Energy Transfer Investors Won't Want to Overlook
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Why Tesla Stock Is Still Falling Today
Elon Musk's comments have a lot to do with that. On the one hand, as The Fly reports, Goldman Sachs lowered its target on Tesla shares from $1,200 to $1,000. Rather, the lowered price target was part of a broad reduction in Goldman's estimates across the U.S. auto and industrial technology space, to account for continuing supply chain snarls and expected lower production.
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Source: https://finance.yahoo.com/news/dish-network-expected-drop-112-131400478.html
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