World
Indian beauty company Nykka looks to physical retail expansion to meet consumer demand for offline sales
While Nykka started as an e-commerce platform, founder and CEO Falguni Nayar is a “big believer” in physical retail and said there is demand from consumers. “The last two years have been very much impacted by Covid-19 and what it does to physical retail. However, we do believe that if you look at the math […]
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Hong Kong’s Hang Seng falls more than 2% as volatile week continues; Biden and Xi set to speak
SINGAPORE — Shares in Asia-Pacific were mixed in Friday morning trade as the Bank of Japan held steady on monetary policy. Hong Kong’s Hang Seng index dropped 2.55% in morning trade as shares of Chinese tech titan Tencent slipped more than 4%. The benchmark index has had a volatile week so far, seeing big losses […]
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Moderna seeks FDA authorization for 4th dose of Covid shot
Illustration of a vial of Moderna vaccine for coronavirus treatment. Marcos Del Mazo | Lightrocket | Getty Images Drugmaker Moderna asked the Food and Drug Administration on Thursday to authorize a fourth shot of its Covid-19 vaccine as a booster dose for all adults. The request is broader than rival pharmaceutical company Pfizer’s request earlier […]
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Berkshire Hathaway shares topped $500,000 each—here’s why Warren Buffett says he’ll never split the stock
Class A shares of Warren Buffett’s Berkshire Hathaway closed above $500,000 a share on Wednesday, setting a new high-water mark for the stock. It was the first time the shares have ever closed above half a million dollars, and helped push the company’s market cap above $730 billion. It is now the No. 6 most […]
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Dan Niles predicts a recession — and picks stocks to weather the volatility ahead
Multiple “very strong indicators” are pointing toward a recession next year, warns Satori Fund’s Dan Niles. Source
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‘Scum and traitors’: Under pressure over Ukraine, Putin turns his ire on Russians
LONDON — Anyone looking for signs that embattled and isolated Russia might soften its position would not have found much hope in the increasingly belligerent words of President Vladimir Putin. With his invasion of Ukraine floundering and his economy teetering, Putin doubled down Wednesday, turning his baleful glare on Russians who are against the invasion or who sympathize with […]
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Wall Street banks love these under-the-radar stocks they say can beat the market
Bank of America and Citi have identified dozens of under-the-radar U.S. and global stocks they say could outperform the market. Source
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Nickel falls 8% to hit limit down in chaotic trade on London Metal Exchange
LONDON — The benchmark three-month nickel contract fell 8% on Thursday morning to hit its new trading limit, as heavy selling continued in metal markets. The price hit $41,945 a metric ton as it opened for trade, according to Refinitiv data. Nickel prices more than doubled in a matter of hours on March 8, climbing above $100,000 […]
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Stock futures fall slightly as S&P 500 tries to notch its best week since November 2020
Stock futures dipped in overnight trading Thursday after a three-day rally for the S&P 500 as the equity benchmark is poised to post its biggest weekly gain in more than a year. Futures on the Dow Jones Industrial Average fell 120 points. S&P 500 futures were down 0.4% and Nasdaq 100 futures traded 0.3% lower. […]
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U.S. House votes to strip Russia’s most favored nation trade status, moving bill to Senate
Speaker of the House Nancy Pelosi, D-Calif., conducts her weekly news conference in the Capitol Visitor Center where she addressed the Russian invasion of Ukraine on Thursday, March 17, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images The House voted Thursday to strip Russia of its protected trading status, passing the legislation on […]
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