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Tesla loses more than $244 billion in a month as rally fizzles By Reuters

(Reuters) - Shares of Tesla Inc fell for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $244 billion off the company's market value over the last month. High-flying tech stocks, which powered the market's rebound from the pandemic lows in March last year, have been hit by a one-two punch of rising yields and...

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Refiners Are Emerging from Deep Freeze and Buying U.S. Oil Again By Bloomberg

(Bloomberg) -- Physical oil prices in the U.S. are rebounding to levels seen before a deep freeze hit Texas last month, showing fuel-making plants are thirsty for crude again. Seven of 18 refineries affected by the cold blast -- making up over 2 million barrels a day of crude processing capacity -- were operating normally as of Monday. Mars Blend, a regional sour...

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Dow Hits Record High on Swashbuckling Stimulus-Led Rally in Cyclicals By Investing.com

By Yasin Ebrahim Investing.com – The Dow hit all-time highs on Monday, as investors upped bets on cyclical stocks offsetting a malaise in tech as the economy is set for a further boost after the Senate approved the $1.9 trillion stimulus relief package. The Dow Jones Industrial Average rose 1.32%, or 416 points, and had hit a intraday record of 32,148.04, and the...

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In inclusivity push, Unilever to exclude word ‘normal’ from beauty products By Reuters

By Siddharth Cavale (Reuters) - Dove soap maker Unilever (LON:ULVR) will remove the word "normal" from its beauty and personal care products, as well as stop digital alterations of body shapes and skin colour of models used in its advertising in a push to be more inclusive. The move from the London-based company, which is one of the top advertisers...

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Asian stocks set to firm on global recovery prospects By Reuters

By Matt Scuffham NEW YORK (Reuters) - Asian stocks were set for a strong open on Tuesday, helped mostly by global recovery prospects and the passage of a $1.9 U.S. trillion stimulus bill, shaking off a mixed Wall Street session after a big downturn in tech shares. U.S. Treasury Secretary Janet Yellen said on Monday that President Joe Biden's coronavirus aid package...

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Dollar reigns supreme on yields, recovery advantage By Reuters

By Hideyuki Sano TOKYO (Reuters) - The U.S. dollar held near a 3 1/2-month high against its rivals on Tuesday as higher bond yields and expectations of faster economic normalisation from the pandemic in the United States put the U.S. currency at an advantage. The dollar's index against six major currencies rose 0.1% to 92.469, its highest since late November, building on...

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Zoom founder Eric Yuan transfers stock worth over $6 billion By Reuters

(Reuters) - Video-conferencing platform Zoom Video Communications Inc founder Eric Yuan transferred about 18 million shares worth over $6 billion last week, according to a regulatory filing. The transfers were related to Yuan's estate planning practices, a Zoom spokesperson said. "The distributions were made in accordance with the terms of Eric Yuan and his wife's trusts." Yuan, who is also the chief...

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NHS expects to receive increased vaccine supply from AstraZeneca – report By Reuters

(Reuters) - Britain's NHS is expecting a significant increase in the supply of COVID-19 vaccines from AstraZeneca (NASDAQ:AZN) Plc, and will roll this out from March 15, Times Radio chief political commentator Tom Newton Dunn tweeted https://twitter.com/tnewtondunn/status/1369073411113299968 late on Monday. Vaccine supplies will increase to close to 500,000 a day, or up...

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