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Booking Earnings beat, Revenue misses In Q1 By Investing.com

Booking (NASDAQ:BKNG) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Booking announced earnings per share of $-5.26 on revenue of $1.14B. Analysts polled by Investing.com anticipated EPS of $-5.97 on revenue of $1.16B. Booking shares are up 4% from the beginning of the year and are trading at $2,350.0 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 4.77% from the start of the year. Booking shares gained 0.52% in after-hours trade the report. Booking follows other major Services sector earnings this month ...

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PayPal Holdings Inc Earnings, Revenue beat in Q1 By Investing.com

PayPal Holdings Inc (NASDAQ:PYPL) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. PayPal Holdings Inc announced earnings per share of $1.22 on revenue of $6.03B. Analysts polled by Investing.com anticipated EPS of $1.01 on revenue of $5.91B. PayPal Holdings Inc shares are up 5% from the beginning of the year and are trading at $257.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 10.98% from the start of the year. PayPal Holdings Inc shares gained 3.82% in after-hours trade the report. PayPal Holdings...

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Exclusive: Credit Suisse stops custodian service for some U.S. cannabis stocks – sources By Reuters

By Shariq Khan and Matt Scuffham (Reuters) - Credit Suisse (SIX:CSGN) Group AG has told customers in recent months it will no longer execute transactions in shares of cannabis companies with U.S. operations or hold them on behalf of clients, industry sources told Reuters on Wednesday. The Swiss lender is among a handful of banks that had been willing to buy and sell marijuana-related stocks for clients in the United States and hold those shares as a custodian. Many banks have been reluctant to provide services to marijuana companies as the drug...

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Britain criticises France’s threat to cut power to Jersey By Reuters

LONDON (Reuters) - Britain criticised France's threat to cut power supplies to the British Channel Island of Jersey after a row over post-Brexit fishing rights and will send two offshore patrol vessels to the area to monitor the situation. "The prime minister underlined his unwavering support for Jersey," a spokesman for Johnson said after he spoke to officials in Jersey. "He said that any blockade would be completely unjustified. As a precautionary measure the UK will be sending two offshore patrol vessels to monitor the situation." ...

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Adidas launches Reebok auction, China row may dent Asian interest -sources By Reuters

By Arno Schuetze, Kane Wu and Pamela Barbaglia FRANKFURT (Reuters) - Sporting goods maker Adidas (DE:ADSGN) has launched the sale of its Reebok brand in an auction which risks being affected by a political row over possible forced labour in China's western Xinjiang region, three sources told Reuters. Adidas bought the U.S. fitness label for $3.8 billion in 2006 to help compete with arch-rival Nike (NYSE:NKE), but its sluggish performance led to repeated calls from investors to dispose of the brand, which is now expected to fetch only around 1 billion euros ($1.2 billion)....

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Britain set to stockpile metals for electric cars to beat Chinese threat – The Telegraph By Reuters

(Reuters) - Britain is exploring the creation of a national stockpile of so-called rare earth metals amid rising fears that country's efforts to adopt electric cars are at risk from a Chinese stranglehold on supplies, The Telegraph reported on Wednesday. Officials at the Department for Business are discussing options to protect the United Kingdom's access to vital materials including lithium and cobalt, the report added https:// Britain could build a national stockpile to avoid shortages, support attempts to create domestic sources such as potential lithium mines in Cornwall, or use its diplomatic network...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.59% By Investing.com

Investing.com – Canada equities were higher at the close on Wednesday, as gains in the Energy, Industrials and Materials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.59%. The biggest gainers of the session on the S&P/TSX Composite were Ero Copper Corp (TSX:ERO), which rose 11.89% or 2.91 points to trade at 27.38 at the close. NexGen Energy Ltd. (TSX:NXE) added 10.98% or 0.550 points to end at 5.560 and HudBay Minerals Inc (TSX:HBM) was up 7.85% or 0.72 points to 9.89 in late trade....

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Higher prices help Stellantis weather worsening chip shortage By Reuters

By Giulio Piovaccari, Gilles Guillaume and Nick Carey MILAN (Reuters) -Higher prices and robust consumer demand will help Stellantis deliver a strong performance this year, despite a worsening global shortage of semiconductor chips this quarter, the world's fourth-biggest carmaker said on Wednesday. Chief Financial Officer Richard Palmer said the group also expected to meet European CO2 emissions targets this year without environmental credits bought from Tesla, giving another boost to results. "Clearly the fact that we don't have to pay Tesla any longer will further improve our performance in Europe," he told a conference call...

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Coursera Drops Despite Strong Analyst Kudos By Investing.com

By Christiana Sciaudone Investing.com -- Is there a course on profiting? Coursera dropped 6% after reporting a loss for the first quarter.  The online learning platform published a loss per share of 40 cents, compared to 45 cents a year earlier, with revenue of $88.4 million, versus $53.8 million for the same period in 2020. The company forecast second quarter revenue of $89 million to $93 million. While the results may not have done much for investors, analysts are pretty happy with Coursera, which started trading March 31.    Coursera is "firing on all cylinders," ...

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Jessica Alba’s Honest Company Rallies in Debut By Investing.com

By Christiana Sciaudone Investing.com -- The Honest Company Inc (NASDAQ:HNST), aka actress Jessica Alba's corporate project, is up 40% after raising more than $412 million in an initial public offering. The consumer products company is valued at about $1.4 billion after shares were priced at $16. Honest was founded a decade ago with a vow for transparency and safe, simple products. Demand for clean beauty products is expected to grow at a significant rate. Sales for the global clean beauty company are expected to increase more than 12% from 2020 to 2027,...

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