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Stocks erased earlier gains to trade sharply lower after Bloomberg reported Thursday afternoon that President Joe Biden would propose increasing the capital gains tax rate on wealthy individuals.
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<p>Alibaba stock had been on a sharp downtrend for nearly one year even as the former China leader continues to deliver strong earnings and sales growth. After soaring 12% last week, Alibaba stock jumped again early Monday, up more than 3%, but is BABA stock a buy now?</p>
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Netflix Inc., marking its first big move beyond TV shows and films, is planning an expansion into video games and has hired a former Electronic Arts Inc. and Facebook Inc. executive to lead the effort.
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