FILE PHOTO: Sen. Amy Klobuchar, D-MN, asks questions during a hearing of the Senate Judiciary Subcommittee on Privacy, Technology, and the Law, at the U.S. Capitol in Washington DC, U.S., April 27, 2021. Tasos Katopodis/Pool via REUTERSWASHINGTON (Reuters) – Democratic U.S. Senator Amy Klobuchar, a key ally of President Joe Biden, said on Thursday she was diagnosed with breast cancer […]
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A few of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Wednesday. Altogether, these funds bought nearly 1.4 million shares of UiPath Inc. (NYSE: PATH), as the price of these ETFs lost around 2% on the day. Note that these funds are still up handily in the past year. ARK Genomic Revolution ETF […]
Read moreLONDON, Sept 9 (Reuters) – Sky-high valuations and signs that the flood of cheap cash washing around financial markets may be subsiding suggest the record-breaking run in shares is about to hit the buffers. Banks including BofA, Morgan Stanley, Citi and Credit Suisse this week told clients to trim exposure to stocks. Some are predicting a sharp fall in prices. […]
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Check out the companies making headlines before the bell: Lululemon (LULU) – Lululemon reported adjusted quarterly earnings of $1.65 per share, easily beating the consensus estimate of $1.19. The apparel maker's revenue also topped estimates, helped by a surge in direct-to-consumer sales. Lululemon also raised its full-year guidance. The stock surged 13.5% in the premarket. GameStop (GME) – GameStop skidded […]
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SINGAPORE (Reuters) – Singapore is ramping up COVID-19 testing and has warned it would not rule out reimposing tighter curbs as infections rise – moves some experts see as too cautious for the vaccine frontrunner that is preparing to live with the virus here as an endemic disease.FILE PHOTO: Office workers spend their lunch breaks at the central business district […]
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The chief executive of a $6 billion energy industry super fund has resigned the day after allegations of a toxic workplace and questionable spending on charity deals and corporate entertainment under his watch were made public. Energy Industries Superannuation Scheme (EISS) chair Warren Mundy said on Thursday afternoon that chief executive Alex Hutchison had decided to tender his resignation, effective […]
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HONG KONG (Reuters) – Hong Kong police on Thursday raided the premises of the closed June 4th Museum, dedicated to the victims of China’s 1989 crackdown on pro-democracy protesters in and around Beijing’s Tiananmen Square.FILE PHOTO: A view shows June 4th Museum, run by the Hong Kong Alliance in Support of Patriotic Democratic Movements of China, in Hong Kong, China […]
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European stocks are expected to open lower on Thursday as investors in the region watch for announcements from the European Central Bank. London's FTSE is seen opening 38 points lower at 7,061, Germany's DAX 45 points lower at 15,577, France's CAC 40 down 17 points at 6,655 and Italy's FTSE MIB 63 points lower at 25,775, according to IG. LONDON — […]
Read moreSYDNEY, Sept 9 (Reuters) – Australia’s third largest lender, National Australia Bank (NAB), defended itself on Thursday against criticism that it does not do business with any crypto currency provider, after those firms complained such conduct is anti-competitive. NAB is one of many of Australia’s top financial institutions that have not engaged with the sector, despite its huge growth in […]
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