SoftBank to lead nearly $1.2 billion investment in diagnostics firm Invitae

© Reuters. FILE PHOTO: SoftBank Corp’s logo is pictured at a news conference in Tokyo (Reuters) -Invitae Corp said on Monday a group of investors including SoftBank Group Corp will invest $ 1.15 billion in the U.S. genetic diagnostics company. It said the investment, to be used for its growth initiatives, will be in convertible […]

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Major indices tumble with the NASDAQ/Russell index lead the declines

Russell index falls -2.76%. The NASDAQ index was -2.11% The major indices tumbled once again with the NASDAQ and Russell 2000 index leading the way to the downside. Feds Powell’s interview with the Wall Street Journal did not help hope that the Fed chair would look to talk down (or act on) the higher long-term rates. That did not […]

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U.S. throws support behind Okonjo-Iweala to lead the WTO

© Reuters. FILE PHOTO: Okonjo-Iweala poses outside a Nigerian diplomatic residence in Chambesy WASHINGTON (Reuters) – The United States on Friday threw its support behind Nigeria’s Ngozi Okonjo-Iweala to head the World Trade Organization after a South Korean rival withdrew. The Office of the U.S. Trade Representative made the announcement on behalf of President Joe […]

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Exclusive: Instacart taps Goldman Sachs to lead IPO at $30 billion valuation – sources

© Reuters. FILE PHOTO: Apoorva Mehta of Instacart speaks during 2016 TechCrunch Disrupt in San Francisco By Joshua Franklin and Anirban Sen (Reuters) – Instacart has picked Goldman Sachs Group Inc (N:) to lead its initial public offering (IPO), which could come early next year and value the U.S. grocery delivery app at around $ […]

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U.S. says it is still confirming who will lead U.S. APEC delegation next week

© Reuters. FILE PHOTO: U.S. Envoy For North Korea Stephen Biegun Visits South Korea WASHINGTON (Reuters) – U.S. Deputy Secretary of State Stephen Biegun will represent the United States at next week’s Asia-Pacific Economic Cooperation ministerial meeting, but Washington is still confirming who will head the delegation for the Nov. 20 APEC leaders’ meeting, the […]

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Oil Ends Volatile Week Facing Challenges to Come As Biden Takes Election Lead

© Reuters. By Barani Krishnan Investing.com – Oil prices fell on the day and rebounded on the week, exhibiting volatility unsurprising for the world’s most politically-sensitive commodity as Democrat Joe Biden appeared likely to take control of the White House amid vows by President Donald Trump to legally challenge the outcome. New York-traded , the […]

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Shares of gun makers gain as Biden’s lead grows

© Reuters. A detailed view of the trigger assembly, markings and finish of a fully assembled rifle using the 6.5 Creedmoor cartridge is seen at Spike’s Tactical LLC, a gunmaker in Apopka By Noel Randewich (Reuters) – Shares of gun makers have been gaining ground as Democratic candidate Joe Biden leads polls, and if he […]

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Struggling airlines lead U.S. planned job cuts in August: report

2/2 © Reuters. FILE PHOTO: FILE PHOTO: Hundreds of people line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort 2/2 WASHINGTON (Reuters) – U.S. employers announced another 115,762 job cuts in August, led by struggling airlines as the COVID-19 pandemic weighs on travel and financial assistance from […]

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Tech-led Wall Street rebound set to lead Asia higher

By David Henry NEW YORK Reuters) – A late Wall Street rally is expected to lead Asian stocks higher on Tuesday after tech shares and oil rose on easing coronavirus restrictions and prospects of an economic recovery, overcoming concerns about renewed Sino-U.S. trade tensions. Futures on major U.S., Hong Kong and Australian indexes were up […]

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