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Oil prices rise as OPEC maintains modest output increase
Reuters' Oil prices went up on Thursday, giving up their earlier losses, as OPEC stuck to its policy of incrementally boosting output and as the market considered whether the omicron coronavirus variant may not be as bad as feared. LONDON Reuters -- Oil prices went up on Thursday, giving up their earlier losses, as OPEC stuck to its policy of incrementally boosting output and as the market considered whether the omicron coronavirus variant may not be as bad as feared. Brent crude futures were...
Updated: 12/02/2021
Toms Italia mulls list of potential advisers
MILAN Reuters' Telecom Italia TIM is looking to draw up a list of candidates Friday to advise it on a takeover approach by U.S. group KKR as banks jockey for a position in Europe's biggest private equity deal. MILAN Reuters -- Telecom Italia TIM is looking to draw up a list of candidates Friday to advise it on a takeover approach by U.S. group KKR as banks jockey for a position in Europe 's biggest private equity deal. Italy 's biggest phone group has divisions that make it hard for the company...
Updated: 12/02/2021
Stocks looking for rebound after reports of first COVID case
... first U.S. omicron coronavirus case clobbered Wall Street in a wild day of trading. Stock futures are looking for a rebound after reports of the first U.S. omicron coronavirus case clobbered Wall Street in a wild day of trading. We are back at the JPMorgan house, which suggested markets have been over reacting to the new variant. What if a nu variant omicron is positive for risk? The strategists said that investors should be buying market dips among key stocks. Note JPM recently released a bullish ...
Updated: 12/02/2021
European stocks can advance to new records in 2022, says analysts
... gauge to a record high given the 4% average annual gains over the past 20 years. "We believe that the positive catalysts are not exhausted, with equities likely to advance further next year, as stagflation fears recede, from both sides," said JPMorgan Chase Co. strategist Mislav Matejka, who has a 525 target for the Stoxx 600. The omicron variant is a wild card, but mostly in the near term and is unlikely to be a game changer for the next year. After a 18% rally and multiple record highs this year,...
Updated: 12/02/2021
Singapore ride-hailing app Grab to make market debut Thursday
... and its adjusted loss before interest, taxes, depreciation and amortization EBITDA widened 66% to $212 million. In the quarter, the GMV rose to a record $4 billion. It aims to turn profitable on an EBITDA basis in 2023. The lead placement agents were JPMorgan and Morgan Stanley , while Evercore and UBS were the co-placement agents.
Updated: 12/02/2021
Omicron could offer a chance for a reversal of trends: JPMorgan
The recent market turmoil caused by the omicron virus strain may offer investors a chance to position for a trend reversal of commodity and reopening trades, according to JPMorgan Chase Co.anke The recent market turmoil caused by the omicron virus strain may offer investors a chance to position for a trend reversal of commodity and reopening trades, according to JPMorgan Chase Co. None of China Cash Flowed Through the Congo ...
Updated: 12/02/2021
Facebook owner Meta Platforms starts trading under updated ticker symbol
... while hedging their currency risk because of the trading tool, based on American depositary receipts. The roster already includes Amazon.com Inc. Alphabet Inc. , Apple Inc. , and Tesla Inc. are CDRs. On Wednesday, CIBC added eight more, including JPMorgan Chase Co., Pfizer Inc. , Berkshire Hathaway Inc. and International Business Machines Corp. None Charlie Penner, The Investor Reshaping Exxon From the Inside:
Updated: 12/01/2021
Capital One is ending overdraft fees for retail customers
... overdraft fees in 2019, Fairbank said in the employee memo. Capital One took in $131 million in service charges and other customer fees in the first nine months of 2021, according to disclosures. Sen. Elizabeth Warren lambasted the industry, and JPMorgan Chase and its CEO Jamie Dimon on the unpopular fees. When confronted by Warren this year on the matter, Dimon refused to change it. Before the policy change, Capital One charged customers $35 overdraft fees, which are capped at four such fees per day,...
Updated: 12/01/2021
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