Barclays hit by $590 million US market blunder and stake sale
An unnamed investor sold 599 million shares on Monday evening, facilitated by Goldman Sachs. The shares are roughly equivalent to a 3.6% stake, according to...
investing
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Tesla plans another stock split
This split would come in the form of a dividend, which would pay shareholders additional shares. Most dividends pay cash to investors. The electric car...
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Stocks week ahead: Big Oil rakes in billions as prices soar. Lawmakers want them to pay us back
ExxonMobil (XOM) made a $23 billion profit in 2021, its largest in seven years. And as oil prices rise, it’s expected to make nearly $33...
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Russia owes Western banks $120 billion. They won’t get it back
Goldman Sachs said Thursday that it is “winding down its business in Russia in compliance with regulatory and licensing requirements.” JPMorgan Chase, America’s largest bank,...
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Amazon stock split: Shares are about to get much, much cheaper
The company announced Wednesday its board approved a 20-for-1 stock split, its first split since 1999. If approved by shareholders in May, the split will...
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Dow futures, Asian stocks sink while oil soars after US and allies consider banning Russian oil
In Asia, Hong Kong’s Hang Seng Index (HSI) sank as much as 5% in morning trading. It was last down 3.4%, on track to log...
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Russia’s oil is tainted in the eyes of the market. And that’s spiking prices
This means that a considerable amount of Russian oil has been effectively sidelined — precisely what the West didn’t want to happen. Prices for oil...
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Asia markets sink as tensions between Ukraine and Russia climb
Japan’s benchmark Nikkei 225 (N225) fell 1.9%, and Korea’s Kospi (KOSPI) lost 1.4%. China’s Shanghai Composite (SHCOMP) and Australia’s S&P/ASX 200 were both down more...
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Buffett’s Berkshire bought Activision Blizzard stake just before Microsoft deal
According to a filing late Monday with the Securities and Exchange Commission, Berkshire Hathaway (BRKB) bought nearly 14.7 million shares of Activision Blizzard (ATVI) in...
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The US is about to get its first Chinese IPO in months from Meihua International Medical Technologies
Meihua International Medical Technologies, which sells medical supplies around the world, is expected to debut this week on the Nasdaq in New York. The healthcare...
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Dow tumbles ahead of Fed meeting
It’s shaping up to be the worst day for the market since October 2020 when rising Covid infections, the impending election and questions over additional...
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Bitcoin, ethereum prices tumble as cryptocurrencies continue their downward slide
Bitcoin has fallen over 7% in the last 24 hours, and was trading at $39,097 as of 3:00 am ET, according to CoinDesk. The world’s...