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IPO Euphoria Drives Record $435 Billion in U.S. Stock Sales

(Bloomberg) -- In a year that saw a pandemic upend financial markets and economies around the globe, U.S. companies and their largest shareholders raised a record $435 billion with stock sales. That’s far above the previous high of $279 billion set in 2014, according to data compiled by Bloomberg. The windfall shows how issuers have dramatically turned to capital markets amid an equity...

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Exclusive-U.S. to publish list of Chinese and Russian firms with military ties

By Karen Freifeld (Reuters) -The Trump administration on Monday plans to publish a list of Chinese and Russian companies with alleged military ties that restrict them from buying a wide range of U.S. goods and technology, said senior U.S. Commerce Department officials. Reuters first reported last month that the U.S. Department of Commerce...

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Britain’s Tesco warns of shortage of some fruit, vegetables if border closure continues

LONDON (Reuters) - British supermarket group Tesco (LON:TSCO) warned on Monday that there may be a shortage of some fruit and vegetables later this week if transport ties are not quickly restored with mainland Europe. The transport of freight across the English Channel has been disrupted after France suspended travel links with Britain to try to curb a new faster...

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IBM to buy European cloud startup Nordcloud

(Reuters) - International Business Machines (NYSE:IBM) will acquire European startup Nordcloud, the latest in a series of acquisitions for the 109-year old firm preparing a mega spin-off to focus on cloud computing. The world's first big computing firm has set its sights on the so-called hybrid cloud, where it sees a $1 trillion market opportunity as more companies use a combination of their...

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Tesla Slides on S&P 500 Debut

By Christiana Sciaudone Investing.com --  Tesla (NASDAQ:TSLA) fell 6% from an all-time high as it makes its debut in the S&P 500.  The stock hit a record of $695 on Friday, and had rallied some 730% this year.  Tesla is the most valuable company admitted to the Wall Street benchmark and will account for 1.69% of the index, Reuters said, citing S&P Dow...

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Wall Street Tumbles at Open on News of Virus Strain; Dow Down 190 Pts

By Geoffrey Smith  Investing.com -- U.S. stock markets opened sharply lower on Monday, as news of the discovery of a new strain of the Covid-19 virus prompted fears of tighter lockdowns and more economic damage, especially in Europe. Markets were also selling the fact of a fiscal relief package agreed by Congress over the weekend, after buying heavily into the rumor during months of...

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Mutant Covid Strain, Stimulus Deal Agreed, Musk on Bitcoin – What’s up in Markets

By Geoffrey Smith  Investing.com -- Global stocks tumble and the dollar surges as the U.K. discovers a new strain of the Covid-19 coronavirus. Congress finally agrees a $900 billion relief package and will likely vote on it later in the day.  Elon Musk flirts with Bitcoin on Twitter as Tesla shares make their debut in the S&P 500 (they’re down 6% in premarket). And...

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FCA fines Charles Schwab’s UK arm for failing to protect client assets

(Reuters) - Britain's financial watchdog has fined U.S.-listed Charles Schwab (NYSE:SCHW)'s UK business 8.96 million pounds ($11.88 million) for failing to protect client assets, likening it to missteps taken by Lehman Brothers before the 2008 financial crisis. The Financial Conduct Authority (FCA) said https:// the penalty was for Charles Schwab UK...

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Inside J&J’s Latam COVID vaccine trial, a rush to recruit is followed by disappointment

By Aislinn Laing SANTIAGO (Reuters) - Earlier this month, Johnson & Johnson (NYSE:JNJ) abruptly called for an end to enrollment in its coronavirus vaccine trial and told scientists from six Latin American countries to wrap up their work within 48 hours, two researchers told Reuters. The halt was due to J&J's decision, announced...

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