Ark adds $171 million Tesla shares as short bets on ETF soar

2/2 © Reuters. Logo of Tesla is seen at a branch office in Bern 2/2 By Thyagaraju Adinarayan LONDON (Reuters) – Cathie Wood’s Ark Invest funds bought a further $ 171 million of Tesla (NASDAQ:) shares on Tuesday, the fund group said on Wednesday, after the electric carmaker’s stock fell sharply and closed below $ […]

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Petrobras shares slump as Brazil’s Bolsonaro doubles down on intervention

© Reuters. FILE PHOTO: A logo of Brazil’s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro By Sabrina Valle and Gram Slattery RIO DE JANEIRO (Reuters) – Petrobras shares plunged 22% on Monday, wiping out 71 billion reais ($ 13 billion) in market value, as Brazilian President Jair Bolsonaro again […]

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World shares sink as bond yields, commodities surge

2/2 © Reuters. FILE PHOTO: A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo 2/2 By Ritvik Carvalho LONDON (Reuters) – World shares sank on Monday as expectations for faster economic growth and inflation […]

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S&P 500 posts biggest gain since Nov. 24, led by gains in tech shares

2/2 © Reuters. FILE PHOTO: Trader Frank Masiello talks on his phone on Wall St. outside the NYSE in New York 2/2 By Caroline Valetkevitch (Reuters) -The registered its biggest daily percentage gain since Nov. 24 on Monday after a steep sell-off last week, and technology-related shares led the advance, while a move by retail […]

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Asian shares set for mixed opening, eyes on Fed, stimulus

© Reuters. FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes in Shanghai By Alwyn Scott NEW YORK (Reuters) – Asian equities looked set to rise on Wednesday, bouncing back from a steep sell-off on Tuesday, while Australian stocks were seen opening weaker in a catchup […]

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Bankers call for ‘hybrid’ shares to plug COVID corporate capital gap

By Huw Jones LONDON (Reuters) – European companies hit by COVID-19 could issue “hybrid” shares to plug a predicted capital gap of up to 600 billion euros ($ 723.48 billion) when government relief measures expire as vaccination programmes are rolled out, a report said on Tuesday. The report compiled by consultants PwC and the Association […]

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AstraZeneca shares fall on “hefty” $39-billion Alexion deal

© Reuters. FILE PHOTO: The logo of AstraZeneca is seen on medication packages in a pharmacy in London By Pushkala Aripaka (Reuters) -AstraZeneca shares fell as much as 9% on Monday, as investors moved to price in the costs of a $ 39 billion deal for U.S. biotech company Alexion Pharmaceuticals (NASDAQ:) that would be […]

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US stocks remain mixed. European shares also end the session mixed

Nasdaq index higher The US remain mixed after record closes in S&P and Dow yesterday. Both those indices are lower. The Nasdaq index is higher.  The snapshot of the major indices currently shows:  S&P index down 8.91 points or -0.25% at 3626.24 NASDAQ index up 32.27 points or 0.27% at 12068 Dow down -172.72 points or -0.57% at 29876.   […]

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Asian shares look for rebound following tech earnings

© Reuters. People wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen showing Nikkei index, outside a brokerage in Tokyo By Pete Schroeder (Reuters) – Asian markets looked to continue an upward swing on Friday, after a rebound in U.S. equities and strong corporate earnings set the stage. Australia’s […]

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