By Krystal Hu and Sinéad Carew NEW YORK (Reuters) - Joe Youngblood, who works in digital marketing in Dallas, Texas, bought his first share of GameStop (NYSE:GME) at $98 in early February and found his investment cut in half in a matter of days. After a wild ride, he is now up more...
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By Tom Sims and Patricia Uhlig FRANKFURT (Reuters) - Bad Duerrheim, a town of 13,400 people on the fringes of the Black Forest, is one of many across Germany united by a shared anxiety, the possibility of losing millions of euros invested with Greensill Bank. The obscure Bremen-based private bank's owner Greensill Capital entered insolvency this week after losing insurance coverage for...
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By Jonathan Stempel (Reuters) - Warren Buffett's fortune reached $100 billion on Wednesday, as investors drove the stock price for his company Berkshire Hathaway (NYSE:BRKa) Inc to a record level. Buffett's net worth, as measured by Forbes magazine, comes almost entirely from owning about one-sixth of Berkshire, a roughly $600 billion company. Berkshire's stock price has surged higher in March, with its...
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Investing.com – U.K. equities were lower at the close on Wednesday, as losses in the Oil Equipment Services & Distribution, Automobiles & Parts and Mining sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 declined 0.06%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Spirax-Sarco Engineering PLC (LON:SPX), which rose 3.45%...
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By Lawrence White and Simon Jessop LONDON (Reuters) - HSBC will phase out its support for the coal industry in the developed world by 2030 and in the developing world by 2040, the bank said on Thursday, bowing to investor pressure to toughen its stance on fossil fuel financing. Investors managing some $2.4...
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By Yasin Ebrahim Investing.com – The Dow jumped to fresh record highs Wednesday, led by value stocks and ongoing optimism for a stronger recovery with another wave of fiscal stimulus, while tech stocks gave up gains even as U.S. rates fell on signs that inflation remains tame. The {169|Dow Jones Industrial Average}} rose 1.45%, or 460 points, and had hit intraday record of...
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By Liz Moyer Investing.com -- Stocks surged as President Joe Biden inched closer to signing his $1.9 trillion stimulus into law, an event that is now expected Friday. Already, signs that inflation remained in check in February lifted stocks on Wednesday. The much-watched 10-year U.S. Treasury slipped as core consumer prices, excluding food and energy, rose slightly less than expected. Investors have been nervous...
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Oracle (NYSE:ORCL) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations. Oracle announced earnings per share of $1.16 on revenue of $10.09B. Analysts polled by Investing.com anticipated EPS of $1.11 on revenue of $10.05B. Oracle shares are up 11% from the beginning of the year and are trading at $72.06 , down-from-52-week-high.They are...
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By Matt Scuffham NEW YORK (Reuters) - Asian stocks were set to open slightly higher, following Wall Street's momentum, after a report on U.S. consumer prices calmed concerns about inflation, helping steer the Dow Jones Industrial Average to a record close. {{178|Japan's NiNikkei 225 futures added 0.02%. Hong Kong's Hang Seng index futures rose 0.03%. Australia's S&P/ASX 200 index gained 0.12% in...
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LONDON (Reuters) - British employers asked the government for tax cuts on electric cars and for refitting buildings to make them more energy efficient ahead of a review of tax policy by finance minister Rishi Sunak starting later this month. The Confederation of British Industry said value-added tax on electric cars and the cost of using public chargers should be cut from...
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