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What Happens When Stocks Only Go Up | Sidnaz Blog

April 30, 2021

Bear markets haven’t gone extinct. They’ve evolved into teddy bears. That’s what some investors seem to believe—and who can blame them? The stock market used to take years, sometimes decades, to recover its prior peak after the start of a bear-market decline. After last year’s 34% meltdown, however, stocks regained record highs in only 126 […]

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Sputnik Campaign Fails to Launch in Hungary | Sidnaz Blog

April 30, 2021

Hungary’s Kremlin-friendly government published a controversial table this week alleging that the Sputnik V vaccine is 32 times safer than Pfizer’s jab—a claim sharply at odds with other data. Photo: Andre M. Chang/Zuma Press April 30, 2021 9:52 am ET Pfizer PFE -0.17% and its Covid-19 vaccine partner BioNTech got a shot in the arm […]

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Profits and Politics in China’s Tech Crackdown | Sidnaz Blog

April 30, 2021

Is Beijing punishing China’s internet-technology titans because they are too large and too powerful or because tech firms are abusing their market power? Following the dramatic fall from grace of billionaire Jack Ma and his fintech brainchild, Ant Group, that question has become an existential one for current and prospective Chinese internet entrepreneurs—and the economy […]

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Twitter, Amazon, Exxon Mobil: What to Watch When the Stock Market | Sidnaz Blog

April 30, 2021

April 30, 2021 6:47 am ET Here’s what we’re watching before Friday’s trading gets underway. U.S. stock futures edged lower as investors assessed fresh waves of Covid-19 infections globally that could hamper global supply chains and drive up inflation. Futures tied to the S&P 500 ticked down 0.5%, a day after it closed at a record. Nasdaq-100 futures […]

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BlackRock Takes Aggressive Posture on ESG Proxy Votes | Sidnaz Blog

April 30, 2021

The world’s largest asset manager is showing it is more willing to use its heft to influence the policies of the companies it invests in. BlackRock BLK 1.35% has so far increased its support for shareholder-led environmental, social and governance proposals, and published a slew of criticisms of public companies that haven’t bent to its […]

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Barclays Profit Surges on Strong Equities Trading | Sidnaz Blog

April 30, 2021

Barclays ranked seventh among global investment banks in terms of revenue in the first quarter. Photo: Ian Forsyth/Bloomberg News April 30, 2021 3:01 am ET LONDON— Barclays BCS 0.47% PLC said net profit more than doubled as equities trading revenue surged and the U.K. economy started to recover from the ravages of the coronavirus pandemic. […]

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U.S. Stock Futures Tick Lower Ahead of Consumer Data | Sidnaz Blog

April 30, 2021

April 30, 2021 3:38 am ET U.S. stock futures edged down on Friday, ahead of fresh data on American consumers including income, spending and sentiment. S&P 500 futures declined 0.2% and futures tied to the Dow Jones Industrial Average slipped 0.1%. Changes in equity futures don’t necessarily predict moves after the markets open. In Europe, […]

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Credit Suisse Risk Chief Won’t Stand for Re-Election After | Sidnaz Blog

April 30, 2021

Credit Suisse’s headquarters in Zurich in March. Photo: arnd wiegmann/Reuters April 30, 2021 1:30 am ET Credit Suisse Group AG CS -0.37% withdrew from re-election the head of its board’s risk committee after a protest vote by investors over the bank’s $5.5 billion loss from Archegos Capital Management. Hours before the bank’s annual meeting Friday, […]

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Endeavor Shares Rise in Market Debut | Sidnaz Blog

April 29, 2021

Shares of Endeavor Group Holdings Inc. EDR 4.00% rose 12.5% in their market debut, capping off a two-year effort by the entertainment firm to go public. Endeavor’s stock began trading at $27, compared with its initial public offering price of $24. More recently, shares traded at $24.29, giving the company a valuation of $10.44 billion. […]

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Facebook, Twitter, eBay, Apple: What to Watch When the Stock | Sidnaz Blog

April 29, 2021

April 29, 2021 6:47 am ET Here’s what we’re watching ahead of the opening bell on Thursday. U.S. stock futures rose on the prospect of as much as $1.8 trillion in new government spending that could spur economic growth. Futures tied to the S&P 500 added 0.7%, suggesting that the broad-market index may resume its march toward a […]

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