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Euro Rises to One-Week High Despite ECB Stoking Double-Dip Recession Fears By Investing.com

By Yasin Ebrahim Investing.com – The euro rose to a one-week high against the greenback even as European Central Bank President Christine Lagarde stoked fears the eurozone is set for double-dip recession as the pandemic ravages economies across the bloc. EUR/USD rose 0.47% to $1.2161. The ECB left its rates unchanged and maintained its current pace of bond buying on Thursday. But Lagarde...

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Boris Johnson Signals U.K. Virus Lockdown Could Last Into Summer By Bloomberg

(Bloomberg) -- The U.K.’s third coronavirus lockdown looks set to endure as the government warned it’s too early to contemplate easing restrictions. Prime Minister Boris Johnson and Home Secretary Priti Patel did not repeat previous assurances that the U.K. will be getting back to normal by April, even as the mass vaccination program continued...

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Dow Flat, Still Close to Record High on Apple-Led Boost in Tech By Investing.com

By Yasin Ebrahim  The Dow was unchanged on Thursday but continued to trend close to record highs as an Apple-led climbed in tech ahead of the its quarterly earnings next week offset losses in energy.   The Dow Jones Industrial Average rose 0.05%, or 15 points. The S&P 500 was up 0.06%, while the Nasdaq Composite gained 0.48%. Apple (NASDAQ:AAPL) rose 3.3% as analysts...

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Google judge says U.S. states must begin turning over documents next month By Reuters

WASHINGTON (Reuters) - The federal judge who is hearing both the U.S. Justice Department and state antitrust cases against Google said on Thursday that he wanted the states to begin turning documents over to the search and advertising giant on Feb. 4 as part of preparation for trial. Judge Amit Mehta of the U.S. District Court for the District of Columbia ordered...

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Siemens reports stronger than expected results, to review outlook By Reuters

BERLIN (Reuters) - German engineering group Siemens reported better-than-expected preliminary results on Thursday for the first quarter of its fiscal 2021 year, driven by the strong performance of its digital division. Sales for its digital industries unit rose a comparable 5% to 3.765 billion euros ($4.58 billion), ahead of analysts consensus for 3.561 billion, while adjusted earnings before interest, taxation and amortisation...

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Twitter’s Trump Ban Puts Stock at Rock Bottom of S&P 500 By Bloomberg

(Bloomberg) -- Just like Donald Trump, Twitter Inc (NYSE:TWTR). stockholders have lost out this month. While the former president was being permanently banned from the social media platform in the wake of the riot at the U.S. Capitol, investors were seeing the value of their holdings shrink. Twitter stock is down 12% thus far in 2021, based on its...

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Amazon Packages to Keep Piling Up By Investing.com

By Christiana Sciaudone Investing.com -- If you think you're tapped out from ordering from Amazon (NASDAQ:AMZN), think again.  Bank of America (NYSE:BAC) said it still sees strong growth prospects with ecommerce penetration (still!!) so low. Seriously.  The firm bumped its price target on Amazon to $4,000 from $3,650, maintaining a buy rating while admitting there are tough comps ahead. Shares are up 2%....

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Airbus slows A320 ramp-up on weaker market outlook By Reuters

By Laurence Frost PARIS (Reuters) - Airbus has slowed a planned ramp-up of A320 aircraft production, the European planemaker said, as the coronavirus travel slump takes a growing toll on its airline clients. Output of the single-aisle A320 jet family increased from 40 a month to 43 in the third quarter and 45 in the last three months of 2021, Airbus said...

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