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Nomura, Credit Suisse warn of big losses after Archegos share dump TOKYO/ZURICH (Reuters) - Nomura and Credit Suisse are facing billions of dollars in losses after a U.S. hedge fund, named by sources as Archegos Capital, defaulted on margin calls, putting investors on edge about who else might have been caught out.
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Czech billionaire Kellner killed in Alaska helicopter crash PRAGUE (Reuters) -Petr Kellner, the Czech Republic's richest man and founder of investment group PPF, was one of five people killed when their helicopter crashed on a skiing trip in Alaska. An undated handout picture shows Czech billionaire Petr Kellner, ...
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Charting market cross currents: S&P 500 pulls in from record close Against this backdrop, the S&P 500 and Dow industrials have pulled in from their latest record close, even as the Nasdaq Composite vies to simply maintain major support matching the 2020 peak (12,973).
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Area 1 Security Earns 5-Star Rating in the 2021 CRN® Partner Program Guide Area 1's Chief Revenue Officer, Steve Pataky, was also recently named one of 2021's 50 Most Influential Channel Chiefs. Area 1 is also the only anti-phishing vendor named an "Outperformer" in the independent GigaOm Radar for Phishing Prevention and ...
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BlackRock Stock Is Trading 10% Below Its Fair Value The company reported net fund inflows of around $391 billion in the year, which took its total Assets under Management (AuM) to $8.68 trillion at the end of December 2020 – a 17% y-o-y increase. This led to an 11% y-o-y growth in the full-year 2020 revenues ...
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Facebook Revs Up for a Global Media Review Mindshare was the primary media agency incumbent for Facebook and is defending in the process, while Dentsu also worked as a media agency partner to Facebook in a few select markets. Mindshare declined to comment. Dentsu ...
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PRECIOUS-Gold falls 1% as firm dollar, yields weigh (New throughout, adds comments, updates prices) * Markets eye Biden's infrastructure spending plan on Wednesday * Dollar firms near multi-month peak * Palladium fell as much as 6% in the session * Russia's Nornickel halts water inflow at two major mines ...
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Allstate's Sale of New York Unit to Wilton Re to Complete Exit from Life, Annuity Business The combined divestitures of ALIC and ALNY will result in an estimated net loss of $4 billion, which will be recorded in the first quarter of 2021, and generate approximately $1.7 billion of deployable capital, according to the announcement.
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J&J, African Union in deal for up to 400 million COVID-19 shots (Reuters) - Johnson & Johnson will supply the African Union (AU) with up to 400 million doses of its COVID-19 vaccine beginning in the third quarter, the drugmaker said on Monday, as the continent grapples with vaccinating 60% of its people. Vials with a ...
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EXPLAINER: What to know about the Amazon union vote NEW YORK — Nearly 6,000 Amazon warehouse workers in Bessemer, Alabama, are deciding whether they want to form a union, the biggest labor push in the online shopping giant's history. The stakes are high for Amazon. The organizing in Bessemer could ...
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3 Times It Pays to Get a New Credit Card For example, a card may have a bonus of $150 cash back for spending $1,000 within three months of opening your account. If there's a sign-up bonus you know you can snag easily, going after it could put extra cash in your pocket.
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3 Reasons fuboTV Stock Will Bounce Back The sports-first live TV streaming service sees its stock heading into the new week trading 65% below its December high. It's a rout, but there's still time for a comeback. Rick Munarriz. (TMFBreakerRick). Mar 29, 2021 at 11:19AM. Author Bio. Since 1995, Rick ...
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76 all-cash offers on one home. The housing madness shows no signs of slowing (CNN) Ellen Coleman had never received so many offers on a house in her 15 years of selling real estate. She listed a fixer-upper in suburban Washington, DC for $275,000 on a Thursday. By Sunday evening, she had 88 offers. "The offers just kept coming," ...
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Chubb 'Disappointed' in Hartford's Rejection of Merger Offer, Talks Global insurer Chubb Ltd. today issued a statement that it is "disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination." However, the disappointed insurer said it will continue to seek opportunities for ...
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Tesla Stock Target Cut by Analyst Because Old Auto Makers Have More in the Tank Jefferies analyst Philippe Houchois cut his Tesla (ticker: TSLA) stock-price target to $700 from $775. "Volatility, Bitcoin, and tweets brought noise but little fundamental change since we downgraded Tesla," wrote the analyst in a Sunday report. There is much ...
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Cathie Wood's ETFs Ditch Ownership Caps, Add SPAC Warning Cathie Wood has spent months defending Ark Investment Management from critics who say the money manager has too much cash tied up in too few stocks. The firm's latest move is handing them fresh ammunition. In a filing late last week, Ark altered the ...
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Today's Mortgage Rates -- March 29, 2021: Rates Drop for Most Loans The interest costs are lower over time on this loan than with the 30-year fixed-rate option due to the shortened payoff time. You aren't paying interest as long. Of course, because you're making so many fewer payments, each one is higher.
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HarperCollins will acquire the trade division of Houghton Mifflin Harcourt. Houghton Mifflin publishes perennial sellers by well-known authors such as J.R.R. Tolkien, George Orwell, Philip Roth and Lois Lowry, as well as children's classics and best-selling cookbooks and lifestyle guides.
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Amazon-backed Deliveroo cuts IPO target range after investor backlash The Amazon-backed company announced Monday that it will now sell shares for £3.90 ($5.40) to £4.10 each instead of £3.90 to £4.60 each. As a result, Deliveroo's market cap will be between £7.6 billion and £7.8 billion instead of between £7.6 billion and ...
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Cazoo Agrees $7 Billion SPAC Deal With Och in Blow to London Cazoo Ltd. will list in New York after selling itself to hedge-fund founder Dan Och's blank-check company in a deal valued at $7 billion, turning its back on a potential initial public offering in London. The combination with special-purpose acquisition company ...
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Jeep's Belvidere assembly plant among 5 Stellantis facilities shut down Monday because of chip shortage The affected plants produce trucks, SUVs, minivans and high-horsepower sedans, highlighting the broad disruption facing the industry. The company, formed from the merger earlier this year of Fiat Chrysler Automobiles and Peugeot-maker PSA Group, ...
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As Covid-19 Vaccines Ramp Up, So Do Covid-19 Scams The bogus websites have become phishing emails and phishing text messages. Now we have fake pollsters, fake messages from your HR department, fake cures and fake vaccine appointments. Scammers are using concern about the pandemic to steal ...
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Medtronic's transcatheter pulmonary heart valve nets world-first approval from FDA For years, innovations in the treatment of pulmonary valve regurgitation have relied on invasive surgical treatments—until now. A device from Medtronic that takes a minimally invasive approach to treating patients with congenital heart disease has become the ...
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Rising covid cases in Pennsylvania not as steep as late 2020 surge There's no doubt that coronavirus cases are on the rise in Pennsylvania. However, the cases do not appear to be increasing at the rate seen in early November. The state's current week-over-week numbers indicate cases are rising an average of 20-30%, ...
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COVID Vaccine Eligibility Expands in Chicago and Illinois: What You Need to Know Both the city of Chicago and the state of Illinois expanded eligibility for the COVID vaccine on Monday, opening up vaccinations to those with underlying health conditions and more essential workers. Here's a look at what you ...
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Cheniere (LNG) Gets Nod From FERC for Train 3 of CCL Project Cheniere Energy, Inc.'s LNG proposal to begin commercial operations of its third liquefaction train at its Corpus Christi liquefied natural gas export plant in Texas was recently authorized by the Federal Energy Regulatory Commission (FERC). With the arrival ...
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American Airlines to Put Most Jets Back in Service as Travel Rebounds Falling infections and hospitalizations and rising vaccinations have spurred demand after a blow early this year when the U.S. required negative coronavirus tests for international travelers, American said in a regulatory filing Monday. The seven-day average ...
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Boeing Gets Crucial Win With 100-Jet 737 Max Deal From Southwest Southwest Airlines Co. ordered 100 Boeing Co. 737 Max 7 jets and said it would purchase as many as 155 more, cementing a half-century relationship and ending a public flirtation with Airbus SE. The 100-plane order, valued at about $10 billion before ...
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Decarbonization requires more access to and consensus around energy data Between government regulations and rising consumer demand, corporations are increasingly relying on renewable energy markets to meet requirements and goals around decarbonization. Those markets grew significantly in 2020, despite COVID-19. Add to ...
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FDA Approves First Anti-BCMA CAR T-Cell Therapy for Relapsed, Refractory Multiple Myeloma Officials with the FDA approved idecabtagene vicleucel (Abecma, Bristol Myers Squibb) for the treatment of relapsed or refractory multiple myeloma after 4 or more prior lines of therapy. It is the first-in-class B-cell maturation agent (BCMA)-directed ...
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Kroger Foundation commits $1 Million to Roundy's Oconomowoc Distribution Center victims and survivors fund The National Compassion Fund will administer the Roundy's fund. Roundy's is the Milwaukee based division of The Kroger Co. Roundy's operates 106 Pick 'n Save and Metro Market stores in Wisconsin and about 40 Mariano's stores ...
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China Coal Giants Surge on Rising Prices, Generous Dividends China's coal mining giants surged Monday after promising generous dividend payouts and as prices for the fuel jumped on supply tightness. Shares for China Shenhua Energy Co. and Yanzhou Coal Mining Co. both rose more than 10% in Hong Kong.
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Tenet Massachusetts hospital, union spar over cameras, 4 other nurse strike updates During the strike, Saint Vincent has also implemented measures that include requiring workers to scan their employee badges before entering the hospital and requiring police officers to accompany striking workers. The Saint Vincent nurses began their strike ...
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Asia-Pacific stocks mixed; shares of Nomura plunge 16% after flagging potential $2 billion loss Meanwhile, shares of Chinese video platform Bilibili slumped in their debut in Hong Kong on Monday, declining about 1% from their issue price. Markets in India were closed on Monday for a holiday.
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UniQure gene therapy 'highly unlikely' to be liver cancer trigger An independent investigation has found uniQure's hemophilia B gene therapy is "highly unlikely" to have caused the liver cancer developed by a recipient of the investigational candidate. In December, the FDA put uniQure's hemophilia B gene therapy on ...
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LiveKindly Collective closes $335M funding round The latest round announced this week was led by The Rise Fund, which is the global impact investing platform managed by TPG. The round also included new funds from existing investors such as Rabo Corporate Investments and S2G Ventures.
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NIO and Chinese EV Stocks Are Under Pressure. Here's Why. NIO, Li Auto, and XPeng American depositary receipts are down again in early Monday trading. STR/AFP via Getty Images. American depositary receipts of Chinese electric-vehicle makers ...
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Robot butlers may take over your household chores, but it will be years before then For at least a decade, robotics and artificial intelligence firms have flexed their ability to create machines that can complete various practical household tasks. Last month, Boston Dynamics showed its Spot robot dog picking up clothing. Miso Robotic's Flippy ...
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Millendo To Merge With Tempest Therapeutics In An All-Stock Transaction The merger is expected to close in the first half of 2021. The new company will trade on the Nasdaq under the ticker TPST. The net proceeds of the merger and financing are expected to fund the ...
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COVID-19 mass vaccination site experienced 3-hour waits during first weekend Dick's Sporting Goods Park in Commerce City is one of Colorado's first mass COVID-19 vaccination sites. Its first weekend of operation had some hitches as long lines caused delays and frustration. Those who signed up to receive a vaccine at the site were ...
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Drew Barrymore launches cookware brand at Walmart Dive Brief: · Walmart has once again partnered with Drew Barrymore for an exclusive product launch. · The collection features a touchscreen air fryer, toaster, blender and coffee maker, according to a company press release.
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10 homebuilding boomtowns The number of listings for available homes is about half of what it was a year ago, the report said, and buyers are seeking single-family homes in less densely populated areas away from urban centers due to the COVID-19 pandemic. This has created a severe ...
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Visa takes a major step toward embracing cryptocurrency Visa is making strides to bridge the new world of digital currencies with the mainstream financial industry. James Martin/CNET. Visa on Monday announced that it will now allow the use of cryptocurrency to settle transactions in its payment network. USD Coin ...
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Should You Worry about Bitcoin's Price Fluctuations? With an asset as volatile as Bitcoin, it's easy for investors to frequently fret about ever-changing prices, and with the largest digital currency slumping over the past couple of weeks, those concerns are even more relevant. However, some crypto market analysts ...
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Cal-Maine shares up 2.2% premarket as profit blows past estimates, offsetting sales miss Sales rose 3.9% to $359.1 million from $345.6 million. The FactSet consensus was for EPS of 7 cents and sales of $369.0 million. Chief Executive Dolph Baker said the company benefited from strong retail demand for shell ...
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What to know about the NY Excelsior Pass, digital proof of COVID-19 vaccination or negative test results The idea behind the technology is that businesses and venues can scan and validate that someone has tested negative for COVID-19 or is fully vaccinated before allowing someone entry, reducing the chances of spreading the virus.
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Mobile vaccine clinics are coming to a bus near you LANSING – Greater Lansing bus services aren't just helping transport people to their vaccine appointments — but transporting vaccines to people. The Capital Area Transportation Authority, Eaton County Transportation Authority and Clinton Transit are ...
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SomaLogic to Go Public Through Merger With Special Purpose Acquisition Company NEW YORK – SomaLogic said on Monday that it has entered an agreement to merge with CM Life Sciences II, a special purpose acquisition company (SPAC) sponsored by affiliates of Casdin Capital and Corvex Management, with the purpose of listing on ...
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Sergeant is 7th employee to die from COVID-19 from Florida sheriff's office The Broward County Sheriff's Office announced Saturday that a veteran sergeant had died from COVID-19. Sergeant Shane Owens, 48, had worked for nearly 30 years with BSO's Department of Detention. He had been hospitalized and on a ventilator prior to ...
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Easter egg hunts and events in the Twin Tiers You're invited to join us for our annual Easter egg event – The Great Egg Hunt!! LOTS OF CANDY. Prizes, bounce houses, photo booth & more! Saturday, April 3rd at 10 am at 717 Lambs Creek Rd in Mansfield, PA. Face masks and social distancing are ...
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