Month: March 2022
European markets climb as Ukraine-Russia talks begin; Stoxx 600 up 1.8%
LONDON — European stocks advanced on Tuesday as another round of Ukraine-Russia talks got underway. The pan-European Stoxx 600 climbed 1.8% by mid-afternoon, with autos jumping 4.5% to lead gains as all sectors and major bourses traded in positive territory. In terms of individual share price movement, Swedish investment company Storskogen Group added more than […]
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Morgan Stanley downgrades NortonLifeLock, sees ‘limited catalysts’ for the cybersecurity company
A regulatory probe into its deal with Avast, and higher inflation costs, add pressure to the cybersecurity stock. Source
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Deutsche Bank downgrades CVS as near- and medium-term risks mount
A recent crackdown on low-cost drug program 340B, and stiff competition for a lucrative drug contract from Centene, weighs on the stock. Source
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China’s factories were hit harder this quarter than last year as Covid drags on, survey says
China’s bicycle exports for the first two months of 2022 fell by 16% from a year ago, after growing by 14.9% for all of 2021, according to customs data. Song Wei | Visual China Group | Getty Images BEIJING — Manufacturing, one of the main drivers of China’s growth since the pandemic began, saw slower […]
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‘We will come and we will find you’: U.S. issues warning to anyone helping Russia bypass sanctions
Wally Adeyemo, deputy U.S. Treasury secretary, speaks during a news conference at the Department of Justice in Washington, D.C., U.S., on Monday, Nov. 8, 2021. Bloomberg | Bloomberg | Getty Images The U.S. will hold accountable any actor that seeks to help Russia bypass economic sanctions amid the Kremlin’s unprovoked onslaught on Ukraine, Deputy U.S. […]
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Morgan Stanley downgrades Pinterest, calls user engagement numbers ‘troubling’
Critically, U.S. time spent per user has tumbled to 2017 levels at the social media platform. Source
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UK police issue first 20 fines over lockdown gatherings in Downing Street
People take part in a protest against British Prime Minister Boris Johnson after he flouted coronavirus lockdown rules by attending a garden party in 2020, at the Parliament Square and 10 Downing Street in London, United Kingdom on January 26, 2022. Rasid Necati | Anadolu Agency | Getty Images British police said on Tuesday they […]
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Domino’s Pizza China operator files for Hong Kong listing
DPC Dash said in a filing it is Domino’s Pizza’s “exclusive master franchisee” in mainland China, Hong Kong and Macao, with 485 directly operated stores in 10 cities on the mainland — mostly in Beijing and Shanghai. Sopa Images | Lightrocket | Getty Images BEIJING — The operator of Domino’s Pizza stores in China, DPC […]
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Reid Hoffman’s new start-up poaches first staff from Google and Meta
Reid Hoffman, founder and Chairman, Linkedin, at 2015 WEF in Davos, Switzerland. David A. Grogan | CNBC Inflection AI, the start-up launched earlier this month by LinkedIn billionaire Reid Hoffman and DeepMind co-founder Mustafa Suleyman, has poached artificial intelligence gurus from Google and Meta, according to CNBC analysis. Headquartered in Silicon Valley, Inflection’s aim is […]
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Russia faces 5 unintended consequences for its invasion of Ukraine
A banner that reads “Slava Ukraini” (“Glory to Ukraine, a Ukrainian national salute) in the backdrop of a demonstration in support of Ukraine on Freedom Square in Tallinn, Estonia, on Feb. 26, 2022, following Russia’s invasion of Ukraine. While sympathy for Ukraine is rising in much of the world, the costs are mounting for Russia. […]
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