In a rough day for tech stocks, fintech companies like Robinhood, Strategy, and Coinbase saw significant declines, largely due to the drop in bitcoin. Online lenders and payment companies, such as Affirm, SoFi, and Shopify, also fell as consumer confidence weakened, with the Conference Board reporting a sharp decline in confidence index. The sell-off in fintech follows a strong rally in the fourth quarter, driven by Fed rate cut expectations and hopes for favorable regulatory changes under the Trump administration, according to JPMorgan Chase analysts.
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Man pushed onto train tracks at Midtown subway station in New York, police say
A 44-year-old man was pushed onto the subway tracks at the 50th Street and 7th Avenue station in New York City but managed to climb back onto the platform without being hit by a train; he sustained facial and leg injuries and was hospitalized in stable condition. The suspect fled the scene, and the incident is under investigation, occurring shortly after a shooting in Times Square that left three people injured. Want More Context? 🔎
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