Biden Drives Yields Up, Tech Reversal, China Fines – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — President Joe Biden’s address pushes bond yields higher, China’s tech giants sell off after a warning shot from Beijing, and AstraZeneca’s vaccine runs into more problems. Here’s what you need to know in financial markets on Friday, March 12th. 1. Biden signs stimulus package, targets July 4 ‘Independence Day’ […]

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Prudential’s U.S. spin-off plan on track as Asia drives profit rise

© Reuters. The logo of British life insurer Prudential is seen on their building in London By Carolyn Cohn LONDON (Reuters) – British insurer Prudential (NYSE:) expects to split off its U.S. business in the second quarter, it said on Wednesday as it posted a 4% rise in full-year operating profit on the back of […]

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Visa profit beats estimates as holiday shopping drives rebound

© Reuters. View shows Visa credit cards By Noor Zainab Hussain (Reuters) – Visa Inc (NYSE:) beat Wall Street estimates for quarterly profit on Thursday, as its customers shopped online during Christmas and New Year holidays, driving a recovery in payment volumes from the coronavirus-induced slump. A surge in online shopping helped the world’s biggest […]

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Exclusive: Chegg’s Nonstop Growth Drives Sky-High Valuation

By Christiana Sciaudone Investing.com — Try to find a reason to not buy Chegg (NYSE:). It’s a tough one.  The online textbook, tutoring and skill-accelerating company has delivered sales growth of 25% or more for seven-straight quarters. That number this past quarter was a whopping 63%, showing that Chegg is not just weathering the pandemic […]

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China drives global oil demand recovery out of coronavirus collapse

© Reuters. FILE PHOTO: Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai By Muyu Xu, Stephanie Kelly and Yuka Obayashi BEIJING/NEW YORK/TOKYO (Reuters) – China’s oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust […]

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