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4 Min Read NEW YORK (Reuters) - The S&P 500 and Nasdaq set record closing highs on Friday as investors bought energy, financial and materials shares and sold big tech stocks in anticipation of new fiscal aid from Washington to help the U.S. economy recover. The major indices traded in a tight range during the week in which investors rotated out of growth-oriented stocks that have dominated an almost year-long rally and bought cyclical and under-priced value stocks. The S&P energy, financials and materials sectors rose on expectations they will benefit from a reopened economy, while heavyweigh...

Bumble CEO Whitney Wolfe Herd is making history in more ways than one.

Who is Michael Herd? Michael Herd is the heir and grandson of Bob Herd, who started the oil and natural gas firm Herd Producing Company, Inc. in Tyler, Texas, with his wife and two daughters. Michael is currently the vice president of the company, which operates over 400 oil wells across Louisiana and East Texas.  The couple met each other in 2013 in Aspen and got married at a fairytale ceremony in Italy in 2017.    They are now doting parents to their son Bobby Lee Herd II, who was born in December 2019. Wolfe Herd often posts photographs of her happy family. She appears to be in a loving...

Bumble Inc Chief Executive Officer Whitney Wolfe Herd's stake in the women-centric dating app operator was worth nearly US$2 billion, as shares ...

The S&P 500 drifted higher on Friday, recovering from early weakness as financial and materials stocks gained ground while investors held out for ...