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Global stocks rebound on hopes Omicron variant may not be as bad as feared
... was no guarantee that the Group would have enough funds to perform its financial obligations in Hong Kong , there was continued uncertainty over the future of the Chinese property market. The shares fell by up to 20 percent on the news, according to Bloomberg. After a weekend collapse, the price of digital currency stabilized on Monday after investors fled risky assets. New York - Dow was up 1.8 percent at 35,188. 14 points are required for a total of 14 points.
Updated: 12/06/2021
Tesla shares plunge more than 20% after SEC report
... still has a way to sell 10% of his stake - as discussed in a Twitter poll early November - Tesla shares may slide some more in the coming weeks. Despite this latest weakness, Tesla 's shares are up 39% this year, compared to a 22% increase in the S&P 500 Index. Most of the gains came from a surge in October after a rush of positive news - including strong results for the third quarter and a big order from Hertz Global Holdings Inc. The other EV startups that have seen their share prices go up in ...
Updated: 12/06/2021
Chinese developer defaults on major bond repayment
... deadline, adding to deep concerns over the property market that has been stoked by massive debt at Evergrande Group . Sunshine 100 missed the Sunday deadline to make $179 million in principal and interest payments on a 10.5 percent bond. According to Bloomberg, the Hong Kong -listed firm said in an exchange filing that the default was due to liquidity issues arising from the adverse impact of a number of factors including the macroeconomic environment and the real estate industry. Repeat defaulter ...
Updated: 12/06/2021
Airline passengers deserted as travel bans continue
International check-in counters are empty after several airlines stopped flying out of South Africa because of the new Omicron coronaviruses variant, at O.R. Reuters that health ministers of the European Union will not make a decision on evacuation. International check-in counters are empty after several airlines stopped flying out of South Africa because of the spread of the new Omicron coronaviruses variant, at O.R. REUTERS Sumaya Hisham Three sources told Reuters that health ministers of the...
Updated: 12/06/2021
The Metaverse: The latest hedge fund to come up
Some Of The Hot New Trends For Hedge Funds Is: Does Does Does Not All Identities Are That Is Forever In the Metaverse, Not All Astities Are Being Equal. None Of The Hot New Trends For Hedge Funds Is— Finally - Female Founders None Even in the Metaverse, Not All Identities Are Created Equal. None Meet the New Climate Refugee in Town: Coyotes The ARK Transparency Exchange Traded Fund ticker CTRU will be ARK Investment Management LLC's ninth ETF and the third to track an index. The firm said the fund...
Updated: 12/06/2021
Carlyle backs investment firm that collects alternative data
Carlyle Group Inc. invested up to $475 million in YipitData, a New York-based firm that collects alternative data for Wall Street and corporate clients. Carlyle Group Inc. invested up to $475 million in YipitData, a New York-based firm that collects alternative data for Wall Street and corporate clients. None Of The Hot New Trends For Hedge Funds Is Founders Female None Even in the Metaverse, Not All Identities Are Created Equal. None of the New Climate Refugees in Town: Coyotes The investment...
Updated: 12/06/2021
5 things to know before the Nasdaq is hit by a $1.7 trillion wipe-out
... include the electric-vehicle maker Rivian Automotive Inc. , which hasn't recorded any meaningful revenue, but has a $93 billion market value, or software companies Datadog Inc. and Zscaler Inc. trading at more than 50 times sales. The average S&P 500 stock trades at 3 times sales. Phil Blancato, chief executive officer of Ladenburg Thalmann Asset Management, said on Friday that some of these future tech stocks could go down another 5% to 8%. It seems to be something that isn't going to happen ...
Updated: 12/06/2021
Software firm Dye Durham strikes deal with Telus
Canadian software firm Dye Durham Ltd. has struck an agreement to buy a payment business from Telus Corp%, the company's first deal since a proposed management buyout was scrapped in October. Canadian software firm Dye Durham Ltd. has struck an agreement to buy a payment business from Telus Corp., the company's first deal since a proposed management buyout was scrapped in October. None Of The Hot New Trends For Hedge Funds Is— Finally Female Founders None Even in the Metaverse, Not All Identities...
Updated: 12/06/2021
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