26 March

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Britain and EU strike cooperation pact for financial services By Reuters

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By Huw Jones LONDON (Reuters) - Britain and the European Union agreed a new fin ancial services cooperation pact on Friday that stops short of reconnecting the City of London to the bloc after Brexit. "Formal steps need to be undertaken on both sides before the Memorandum of Understanding can be signed but it is expected that this can be done expeditiously,"...

26 March

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Bank of England rate-setters play down inflation worries By Reuters

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By Andy Bruce and William Schomberg LONDON (Reuters) - Bank of England rate-setters Michael Saunders and Silvana Tenreyro on Friday played down risks of a sustained surge in inflation when Britain's economy recovers from its pandemic crash, and Tenreyro said more stimulus might yet be needed. After weeks of rising government bond yields...

26 March

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Snowflake Surges as Evercore Says Buy; Sees 35% Gain By Investing.com

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By Dhirendra Tripathi Investing.com – Snowflake (NYSE:SNOW) shares were making a smart move in Friday’s trade, helped by another analyst’s bullish views. Evercore analyst Kirk Materne called Snowflake the "data cloud category killer," while initiating coverage with an outperform rating and a $311 price target. The price target is almost a 35% gain from the stock's current price. Snowflake shares jumped 5.5%. "Snowflake...

26 March

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S&P 500 Climbs as Energy, Tech Power Bulls By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 jumped Friday, led by energy, as oil prices rode bets on crude supply disruptions from the Suez Canal jam while tech stocks continued their rebound from a day earlier. The S&P 500 was up 0.88%, the Dow Jones Industrial Average rose 0.76%, or 246 points, the Nasdaq Composite was up 0.50%. Energy stocks racked up...

26 March

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Fox Sinks on Second Election Fraud Defamation Lawsuit By Investing.com

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By Christiana Sciaudone Investing.com -- Fox Corp Class B (NASDAQ:FOX) fell 10% after Dominion Voting System filed a $1.6 billion defamation lawsuit against Fox News Network for accusing the company of rigging the 2020 presidential election. The lawsuit says Fox endorsed, repeated and broadcast devastating lies about Dominion, including that it committed election fraud by rigging the election, that the company is owned...

26 March

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Masks and Hand Sanitizer Are Tax Write-offs, the IRS Says By Bloomberg

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(Bloomberg) -- Face masks, hand sanitizer and disinfectant wipes can qualify as medical expenses for tax deductions or can be paid for with money from tax-advantaged health accounts, the Internal Revenue Service announced Friday. “The purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of coronavirus are deductible medical expenses,” agency...

26 March

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FTSE 100 closes higher, GBP strong, Suez Canal remains blocked By Investing.com

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Key Points FTSE 100 closing price of 6741.14, +0.99% GBP strong on economy hopes Oil jumps, Suez Canal still blocked Miners rally on higher metals prices By Samuel Indyk Investing.com – The FTSE 100 finished Friday higher to close the week with a gain of 0.5%. Smiths Group PLC (LON:SMIN) was the best performing stock in the blue-chip index...

26 March

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Discovery, AMC Networks Tumble as Wells Fargo Downgrades By Investing.com

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By Christiana SciaudoneInvesting.com -- Discovery (NASDAQ:DISCA) and AMC Networks (NASDAQ:AMCX) are tumbling after Wells Fargo (NYSE:WFC) downgraded the stocks seeing optimism overdone. Discover is down more than 20%, while AMC Networks is lower by almost 9%. Discovery was cut to equal weight from overweight, while AMC Networks was dropped to underweight from equal weight. The firm also slashed price...

26 March

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What’s a liquid asset? Bank of England will say in July By Reuters

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By Huw Jones LONDON (Reuters) - Britain's financial regulators will sketch out by July which assets are "liquid" enough for to be included in funds that offer cash back to investors on a daily basis, the Bank of England said on Friday. Some UK property funds offering daily redemptions are still suspended since markets suffered huge volatility last March when economies went...

26 March

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Victoria’s Secret Sees Buyers Return, Thanks to Stimmies By Investing.com

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By Christiana SciaudoneInvesting.com -- Some people used their stimmies to pay off student loans, others credit card debt. And then there are those who freshened up their underwear drawers and scented soap collections. L Brands (NYSE:LB) rose more than 6% Friday after increasing its quarterly earnings guidance by almost double in the best case scenario. This from a company that was clinging to...

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Britain and EU strike cooperation pact for financial services By Reuters

Bank of England rate-setters play down inflation worries By Reuters

Snowflake Surges as Evercore Says Buy; Sees 35% Gain By Investing.com

S&P 500 Climbs as Energy, Tech Power Bulls By Investing.com

Fox Sinks on Second Election Fraud Defamation Lawsuit By Investing.com

Masks and Hand Sanitizer Are Tax Write-offs, the IRS Says By Bloomberg

FTSE 100 closes higher, GBP strong, Suez Canal remains blocked By Investing.com

Discovery, AMC Networks Tumble as Wells Fargo Downgrades By Investing.com

What’s a liquid asset? Bank of England will say in July By Reuters

Victoria’s Secret Sees Buyers Return, Thanks to Stimmies By Investing.com

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