(Reuters) – Nordstrom Inc warned on Tuesday that it would have to go through its off-price channel to clear some of its holiday merchandise inventory in the first quarter that piled up due to shipping delays.FILE PHOTO: The outside of the Nordstrom flagship store is seen during a media preview in New York, U.S., October 21, 2019. REUTERS/Shannon StapletonAlthough some […]
Read more(Reuters) – Chipmaker Intel Corp was ordered to pay $2.18 billon by a federal jury after losing a patent-infringement trial in Texas on Tuesday. Intel infringed two patents related to chip-making owned by VLSI Technology LLC the jury ruled. The jury found $1.5 billion for all damages caused to VLSI on infringement of the first patent and $675 million for […]
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(Reuters) – Some of Myanmar’s neighbours pressed its ruling junta on Tuesday to release ousted leader Aung San Suu Kyi and cease using lethal force against opponents of their Feb. 1 coup to work out a solution to the crisis. The calls from fellow members of the Association of Southeast Asian Nations (ASEAN) came as Myanmar police again opened fire […]
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NEW YORK (Reuters) – Robinhood, the online brokerage used by many retail traders to pile in to heavily shorted stocks like GameStop Corp, has made an ambitious push into loaning out its clients’ shares to short sellers as it expands its business.FILE PHOTO: Vlad Tenev, co-founder and co-CEO of investing app Robinhood, speaks during the TechCrunch Disrupt event in Brooklyn […]
Read moreTesla investing $1.5B in bitcoin does not impact their recent decline: ‘Tesla Daily’ host ‘Tesla Daily’ host Rob Maurer discusses how the electric vehicle company aims to build 1.5 million vehicles per year through their battery production. President Biden’s pick for chairman of the U.S. Securities and Exchange Commission is open to the use of digital currencies, but says investors […]
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BERLIN (Reuters) – Chancellor Angela Merkel faced growing pressure to set out a clear roadmap to reopening German society from months of pandemic lockdown, with Finance Minister Olaf Scholz joining the chorus of voices saying existing plans did not go far enough.A woman walks with her dog at the Volkspark Friedrichshain, amid the coronavirus disease (COVID-19) pandemic, in Berlin, Germany […]
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WASHINGTON (Reuters) – U.S. President Joe Biden’s nominee to head a key market regulator promised on Tuesday a thorough review of issues raised by the GameStop Corp stock frenzy, including whether customers were best served by some retail trading practices.Slideshow ( 3 images )Gary Gensler, the president’s nominee to lead the Securities and Exchange Commission, said he would look into […]
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(Reuters) – Europe’s benchmark stock index edged higher on Tuesday as stability in the bond market gave stocks some breathing room, with major commodity-linked stocks reversing losses on a turnabout in oil and metal prices.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 26, 2021. REUTERS/StaffThe pan-regional STOXX 600 index […]
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(Reuters) – Wall Street’s major averages dipped on Tuesday after a strong start to March as investors closely monitored the bond market as well as progress on the next round of fiscal stimulus.Slideshow ( 2 images )The technology sector weighed the most on the benchmark S&P 500. Healthcare, materials and energy stocks extended gains from the previous session. The S&P […]
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