27 March

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Viacom Tumbles As Downgrades, Share Sale Weigh On Sentiment By Investing.com

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By Dhirendra Tripathi Investing.com – ViacomCBS shares (NASDAQ:VIAC) fell 10% in Friday’s trade as analysts refused to shrug off concerns surrounding the company’s plans to raise almost $3 billion through a share issue. Market players fear a sharp dilution of investor equity, reflected in erosion of the share price by more than a quarter since hitting a record last week. Wells...

27 March

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Root Jumps As Citron Issues Bullish Call By Investing.com

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By Dhirendra Tripathi Investing.com – Root (NASDAQ:ROOT) shares jumped 17% on Friday following a strong recommendation from Citron Research's Andrew Left. He called the insurance company a long pick. The company raised $724 million in its October IPO at an issue price of $27, but stock is trading 44% lower than that. Left pointed out that Root is the most heavily shorted stock...

27 March

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ViacomCBS, Discovery both fall 27%, leading media stock selloff By Reuters

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By Sinéad Carew (Reuters) - Shares in media companies ViacomCBS and Discovery Inc tumbled around 27% each on Friday, capping a week of declines and putting both stocks roughly 50% below their recent record highs. ViacomCBS closed down $18.12 at $48.23, marking a record one-day percentage decline, with trading volume more than five times its 10-day moving average. The stock had hit...

27 March

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Hexcel Falls as Goldman Cuts to Sell on Industry Headwinds By Investing.com

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By Dhirendra Tripathi Investing.com – Hexcel (NYSE:HXL) shares fell 4% in Friday’s trade following a Goldman Sachs (NYSE:GS) downgrade to sell, citing industry headwinds. The brokerage retained its price target of $43 on the stock, still 25% lower than the current price. Goldman Sachs analyst Noah Poponak had this to say on the stock, “Limited aftermarket, more exposure to widebody than narrowbody, and...

27 March

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Chip Shortages Force More Cuts at North American Auto Plants By Bloomberg

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(Bloomberg) -- Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic. Automakers are expanding and extending production cuts at some North American plants as they cope with a worsening global shortage of semiconductors. Chips for use...

27 March

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.02% By Investing.com

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Investing.com – U.K. equities were higher at the close on Friday, as gains in the Industrial Metals & Mining, Oil & Gas Producers and Automobiles & Parts sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 gained 1.02%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Smiths Group PLC...

26 March

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U.S. trade chief advances digital tax tariff probe against six countries By Reuters

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WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai said on Friday she is proceeding with potential tariff actions against Austria, Britain, India, Italy, Spain and Turkey over digital tariffs in probes launched by her Trump administration predecessor, Robert Lighthizer. In a statement, Tai announced that USTR was terminating "Section 301" tariff investigations against Brazil, the Czech Republic, the European Union and...

26 March

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Qualcomm Gains as New Chip Brings Premium Features to Cheaper Phones By Investing.com

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By Dhirendra Tripathi Investing.com – Qualcomm (NASDAQ:QCOM) shares rose more than 3% in Friday’s trade, a day after the company introduced a new Snapdragon chip that will bring features associated with high-end phones to more handsets. Both JP Morgan Chase (NYSE:JPM) and Piper Sandler (NYSE:PIPR) are overweight with $170 and $160 price target for the stock, respectively. That’s a...

26 March

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Canada shares higher at close of trade; S&P/TSX Composite up 0.23% By Investing.com

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Investing.com – Canada equities were higher at the close on Friday, as gains in the Materials, Energy and Utilities sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.23%. The biggest gainers of the session on the S&P/TSX Composite were Teck Resources Ltd B (TSX:TECKb), which rose 4.94% or 1.12 points to trade at 23.80 at the...

26 March

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Dow Notches Weekly Win as Bulls Up Bets Into Close By Investing.com

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By Yasin Ebrahim Investing.com – The Dow racked up gains Friday, as late flourish of buying pressure lifted broader market to notch a weekly win, with energy and technology leading the charge. The Dow Jones Industrial Average rose 1.39%, or 452 points, the Nasdaq Composite was up 1.24%, the S&P 500 was up 1.67%. Energy stocks racked up gains as oil prices...

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Viacom Tumbles As Downgrades, Share Sale Weigh On Sentiment By Investing.com

Root Jumps As Citron Issues Bullish Call By Investing.com

ViacomCBS, Discovery both fall 27%, leading media stock selloff By Reuters

Hexcel Falls as Goldman Cuts to Sell on Industry Headwinds By Investing.com

Chip Shortages Force More Cuts at North American Auto Plants By Bloomberg

U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.02% By Investing.com

U.S. trade chief advances digital tax tariff probe against six countries By Reuters

Qualcomm Gains as New Chip Brings Premium Features to Cheaper Phones By Investing.com

Canada shares higher at close of trade; S&P/TSX Composite up 0.23% By Investing.com

Dow Notches Weekly Win as Bulls Up Bets Into Close By Investing.com

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