The inventory current market is in its longest stretch without the need of a 2% offer-off considering that the economical crisis

Crucial Points

The S&P 500 has long gone 377 times without the need of a 2.05% market-off.
That is the longest extend for the benchmark given that the wonderful financial disaster, according to FactSet facts compiled by CNBC.
This market lull arrives as traders pile into megacap tech shares, this kind of as Nvidia, amid bets that artificial intelligence will raise revenue.

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Finance

More startups are being spun out of Klarna than any other European fintech unicorn

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Key Points Alumni from Klarna have gone on to create 62 new startups — more than any other fintech unicorn in Europe, according to a new report from venture capital firm Accel. Out of 98 venture-backed fintech unicorns in the region, 82 have produced 635 new tech-enabled startups, according to Accel’s report. Accel labels these companies […]

Finance

HSBC names Pam Kaur as first female CFO amid major restructuring

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Key Points HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank into four business units. This is the second heavyweight leadership shakeup for HSBC in recent months, after former finance boss Georges Elhedery was named CEO of the group back in July. The bank also announced plans […]

Finance

Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more

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Check out the companies making headlines after the bell . Nike — Shares added nearly 1% after the sneaker giant and athletics apparel company renewed its uniform partnership with the NBA and WNBA. The company will be the exclusive provider of uniforms for both leagues for another 12 years. Zions Bancorporation — The regional bank […]