business news
Asset manager says buy the dip: There are opportunities ‘literally right now’
Asset manager Michael Yoshikami reveals the stocks to consider buying right now. Source
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‘We are nowhere near the bottom,’ top economist says as global markets crater
The New York Stock Exchange on May 3, 2022. Brunello Rosa, the CEO and head of research at Rosa & Roubini, believes there is much more monetary tightening to come from central banks, and more bad news on economic activity. Brendan Mcdermid | Reuters Stock markets are set for more heavy selling this summer as […]
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U.S.-listed Chinese EV maker Nio proposes a secondary listing of its shares in Singapore
Nio is planning to list its shares in Singapore. This would be the Chinese electric carmaker’s third listing location, following its IPO in New York and a secondary listing in Hong Kong. Costfoto | Future Publishing | Getty Images Chinese electric carmaker Nio said Friday that it’s planning a secondary share listing in Singapore. Nio, […]
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JPMorgan says sell FuboTV as questions about the company’s long term business model remain
The streaming market continues to heat up and despite its differentiated offering, JPMorgan sees no room for growth at FuboTV. Source
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U.S. regulators are in China for audit deal talks: Reuters, citing sources
The U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. U.S. regulatory officials have arrived in Beijing seeking to settle a long-running dispute over the auditing compliance of U.S.-listed Chinese firms, three people familiar with the matter told Reuters. Al Drago | Bloomberg | Getty Images U.S. regulatory officials […]
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ECB member pushes for quick move to raise rates, says Russia-Ukraine war could derail recovery
The European Central Bank should move quickly to raise interest rates in order to tackle soaring inflation, according to Finland’s central bank chief. His comments come as the U.S. Federal Reserve and the Bank of England’s tightening cycle intensifies pressure on the ECB to follow suit. “We have a conflict in pressures in monetary policy,” […]
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European stocks pull back after Wall Street sell-off
The pan-European Stoxx 600 fell 0.7% in early trade, with tech stocks shedding 1.3% to lead losses as almost all sectors and major bourses slid into negative territory. Oil and gas stocks gained 0.5%. The Dow Jones Industrial Average plunged more than 1,000 points and the Nasdaq Composite fell nearly 5% on Thursday, erasing Wednesday’s […]
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‘We see a big recession in the making’: Top CEOs are fearing the worst in Europe
Top European CEOs are fearing a euro zone recession as a confluence of economic shocks continues to threaten the outlook for the bloc. Alex Kraus | Bloomberg | Getty Images LONDON — The CEOs of several European blue chip companies have told CNBC that they see a significant recession coming down the pike in Europe. […]
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Russia renews assault on Azovstal steel plant ahead of ‘Victory Day’; Ukraine says evacuations to continue. Follow our live updates
Russia continues assault on Mariupol’s Azovstal steel plant, UK says People hold banners and shout slogans during a demonstration in support of Mariupol defenders on May 3, 2022 in Kyiv, Ukraine. Alexey Furman | Getty Images News | Getty Images Russian forces in the besieged coastal city of Mariupol have continued their ground assault on […]
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Facebook caused chaos to put pressure on Australian lawmakers, report says
The Wall Street Journal reported that Facebook purposely used a broad algorithm to block news in Australia last year, causing pages for charities, emergency services and hospitals to be affected. Rafael Henrique | SOPA Images | LightRocket | Getty Images Facebook used an algorithm it knew would affect pages beyond those of publishers in Australia […]
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