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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‘Wedding crasher stole $60,000 in gifts during newlyweds’ reception’
A man named Armean Shirehjini allegedly crashed a wedding reception in Glendale, California, stealing approximately $60,000 in cash and checks from a gift box. After being identified through CCTV footage, he was arrested along with a suspected accomplice, with police recovering stolen items and firearms from their homes, though neither has been charged yet. Want More Context? 🔎
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