FILE PHOTO: A COVID-19 self-test kit is seen before being used by a teacher in Milton Keynes, Britain, January 28, 2021. REUTERS/Andrew Boyers(Reuters) – Biotech group Oxford Nanopore Technologies is set to start trading in London on Thursday with a market capitalisation of about 3.4 billion pounds ($4.65 billion) at an offer price 425 pence per share. The company, which […]
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WASHINGTON (Reuters) – A U.S. Postal Service (USPS) plan takes effect Friday to slow down some first-class mail deliveries as part of efforts to cut red ink as the U.S. Congress continues to consider a financial relief package for the cash-strapped Post Office.FILE PHOTO: A U.S. Postal Service (USPS) logo is pictured on a mail box in the Manhattan borough […]
Read moreWASHINGTON/BOSTON (Reuters) -The top U.S. securities regulator on Wednesday proposed requiring large hedge funds and endowments to disclose how they vote on executive pay, bringing this clutch of influential investors in line with other top funds that have made their pay votes public for a decade.Slideshow ( 2 images )The proposal, subject to a 60-day period of public consultation before […]
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A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Monday. Specifically, these funds sold over $19 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were mixed on Monday. Note that they are up a fair amount in the past year. ARK Autonomous Technology & Robotics […]
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Check out the companies making headlines in midday trading. Tech stocks — Tech stocks dropped as the benchmark 10-year Treasury yield touched a high of 1.567% Tuesday. Twitter fell 4.7%, Microsoft and Google lost more than 3%, Salesforce slipped by 2.6%. Rising bond yields hurt growth stocks like tech stocks because they lower the relative value of future earnings. The […]
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(Reuters) -Brent oil dipped on Tuesday after topping $80 per barrel for the first time in nearly three years, as a five-day rally ran out of steam with investors locking in profits.FILE PHOTO: An employee holds a sample of crude oil at the Yarakta oilfield, owned by Irkutsk Oil Co, in the Irkutsk region, Russia on March 11, 2019. REUTERS/Vasily […]
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FILE PHOTO: A visitor speaks with a representative of Agnico Eagle Mines Ltd at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 1, 2020. REUTERS/Chris Helgren(Reuters) – Canada’s Agnico Eagle Mines Ltd is buying rival Kirkland Lake Gold Ltd in a stock deal valued at C$13.51 billion ($10.68 billion). Kirkland Lake Gold shareholders […]
Read moreDid Fed Powell make the right move with little news on tapering? Kroll Institute chief strategist Chris Campbell and The Conference Board’s chief public policy economist Joseph Minarik react to Fed chair’s address on economic future. Boston Fed President Eric Rosengren will retire at the end of September due to health concerns. Rosengren, 64, has spent 35 years at the […]
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After years of a low interest rate environment, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends that help to provide an income stream. What this equates to is total return, which is one of the most powerful investment strategies going. We like to remind our readers about the impact […]
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