Category: Latest News
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Top Company News of the Day
First Republic Lost $100 Billion in Deposits in Banking Panic The bank said it would cut head count by as much as 25% and slash executive pay as it restructures its balance sheet. UBS Attracts Customers Ahead of Credit Suisse Integration UBS reported strong customer inflows as it prepares to swallow Credit Suisse, in the…
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Crypto this Monday: KuCoin’s Twitter Account Hacked, Tiger Global’s Venture Fund Drops 20% and More
BTC could reach $100,000 by the end of 2024, says Standard Chartered Standard Chartered said the crypto winter is over and Bitcoin (COIN:BTCUSD) could hit $100,000 by the end of 2024, Reuters reported, citing a note by the multinational bank’s head of digital assets research Geoff Kendrick. Bitcoin could gain from factors such as the recent…
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Choppy Trading May Persist On Wall Street Ahead Of Earnings
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to extend the lackluster performance seen last Friday. Traders may remain reluctant to make significant moves ahead of the release of earnings news from several big name companies in the coming days. Tech giants Alphabet…
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Monday’s Wall Street Highlights: Coca-Cola, Philips, Credit Suisse, C3.ai and more
Main subjects of the day By 8:18 AM, Dow Jones futures were down 43 points, or 0.13%. S&P 500 and Nasdaq-100 futures fell 0.12% and 0.14%, respectively. The main indices fell last week, with the Dow Jones (DOWI:DJI) down 0.23% and ending a four-week streak of gains. The Nasdaq (NASDAQI:NDX) shed 0.42%, while the S&P (SPI:SP500) shed 0.1%. This week,…
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European Midday Briefing: Economic Outlook Worries Continue to Weigh
Market Wraps Stocks: European stocks moved lower on Monday as worries about a weaker global economic outlook continued to weigh. “A forecast deterioration in the health of the global economy is weighing on minds, pushing equities lower as investors mull the impact of further punishing interest rate hikes,” Hargreaves Lansdown said. “It now seems probable…
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Samsung Electronics’ Verdict In US Patent Lawsuit Over $303 Million
A U.S. federal district court jury ruled on April 21 (local time) in favor of Netlist in a memory patent infringement lawsuit against Samsung Electronics, a U.S. semiconductor company, and awarded $303 million in damages. Reuters reported that the verdict was more than (about 400 billion won). After a six-day trial, the jury determined that…
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Alphabet CEO Pichai’s 2022 Compensation Over $200 Million
Alphabet’s CEO Sundar Pichai was awarded an estimated $226 million in compensation in 2022, the company said in filings filed with authorities on Friday. This is more than 800 times the median salary of an employee. Pichai’s compensation also included a stock grant of approximately $218 million, according to the filings. The pay gap comes…
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Amazon Shares Hit Their Highest Level Since February 3 On Hopes Of Strong Sales
Shares rose to their highest level in more than two months on Friday after a research firm predicted that the world’s largest e-commerce giant Amazon’s retail business in North America would beat Wall Street analysts’ expectations. Shares of Amazon (NASDAQ:AMZN) rose 3.77% to $107.725, their highest since Feb. 3, bringing the Seattle company’s stock market…
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Bed Bath & Beyond Files For Bankruptcy Protection After Financial Difficulties
Bed Bath & Beyond Inc, a leading US home goods chain with a history of 52 years, has filed for bankruptcy protection and commenced a liquidation sale on Sunday (local time). This company, which attracted attention as a ‘meme stock’ on Wall Street, has warned of the possibility of bankruptcy due to financial difficulties for…
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Paramount Settles with Investors in Viacom-CBS Merger Lawsuit
Paramount Global has agreed to pay $167.5 million to investors to settle a lawsuit resulting from the 2019 merger between entertainment company Viacom Inc and CBS Corporation. It was stated in the documents submitted to the authorities. According to filings released Friday by the Securities and Exchange Commission (SEC), Paramount (NASDAQ:PARA) and investors agreed to…