BEIJING, Oct 26 (Reuters) – T3, a Chinese ride-hailing company backed by state-owned automakers FAW, Dongfeng and Changan said on Tuesday that it had raised 7.7 billion yuan ($1.2 billion) to fund expansion. T3’s funding round comes as ride-hailing companies step up efforts to take market share from China’s ride hailing market leader Didi Global Inc which is facing a […]
Read moreOnly 14 companies in our watch list reported earnings before markets opened Monday. But the week ahead promises to be a busy one, with more than 900 firms reporting results. This week gets off to a big start with these reports due after markets close Monday or before they open Tuesday morning: Facebook, GE, Lockheed Martin, Raytheon and UPS. After […]
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All three major indexes traded higher in the noon hour Monday, with the Nasdaq Composite up almost 0.9%. One of our meme stocks is working its magic on the Nasdaq and driving the consumer cyclical sector up by nearly 2% to lead the pack. Nine of the 11 sectors are trading higher, while crude prices have pulled back from an […]
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A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought nearly 450,000 shares of Twitter Inc. (NYSE: TWTR) altogether on Friday, as the prices of these ETFs were down more than 1% in Friday’s session. These funds are up a fair amount in the past year. ARK Innovation ETF (NYSEARCA: ARKK) bought 360,261 shares of Twitter, […]
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Stock futures edged lower in overnight trading Sunday after the Dow Jones Industrial Average notched its third positive week in a row at a record high. Dow futures dipped 50 points. S&P 500 futures and Nasdaq 100 futures both fell about 0.1%. Wall Street is coming off a winning week on the back of strong corporate earnings. The blue-chip Dow […]
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WASHINGTON (Reuters) – The Biden administration plans to unveil on Monday its detailed rules requiring nearly all foreign air visitors to be vaccinated against COVID-19 starting Nov. 8, sources told Reuters.FILE PHOTO: A U.S. flag is reflected on the floor as passengers make their way through Reagan National Airport in Washington, U.S., July 1, 2016. REUTERS/Kevin Lamarque/File PhotoThe White House […]
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BERLIN/FRANKFURT (Reuters) -German business morale deteriorated for the fourth month running in October as supply bottlenecks in manufacturing, a spike in energy prices and rising COVID-19 infections are slowing the pace of recovery in Europe’s largest economy from the pandemic. The Ifo institute said on Monday that its business climate index fell to 97.7 from an upwardly revised 98.9 in […]
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COPENHAGEN (Reuters) – The global shipping industry is on course to see its greenhouse gas emissions rise by around a fifth by 2050 if action including introducing a carbon levy on fuel is not taken, new research backed by industry leaders shows.FILE PHOTO: The Maersk Line container ship Maersk Batam sails in the Bosphorus, on its way to the Mediterranean […]
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KHARTOUM (Reuters) – Military forces arrested several members of Sudan’s civilian leadership before dawn on Monday, Al Hadath TV reported, as a prominent pro-democracy group called on Sudanese to take to the streets to resist any military coup.FILE PHOTO: Sudan’s Prime Minister Abdalla Hamdok and German Chancellor Angela Merkel (not pictured) address the media at the Chancellery in Berlin, Germany, […]
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