Tag Archives: remains

(Bloomberg) — Most Read from Bloomberg Emmanuel Macron’s bigger-than-expected lead in the first round of French presidential elections brought immediate relief to markets worried over a victory for his nationalist rival Marine Le Pen. The euro rose in Asian trading as foreign-exchange markets opened for the week, after early estimates showed Macron had a vote share of almost 29%. That was good news for investors, who had feared a closer contest and a support surge for his rival. Euro Stoxx… Source link

Jurors completed a sixth day of deliberations without a verdict in the criminal fraud case against former Theranos CEO Elizabeth Holmes on Wednesday, and a docket entry confirming that a sealed 23-minute proceeding took place on Tuesday remained a mystery. Deliberations are scheduled to resume on Monday, Jan. 3, 2022, at 8:30 A.M. Pacific Time. Federal District Court Judge Edward Davila didn’t reveal why the matter was shielded from public view. Both the government’s lawyers and Holmes’… Source link

John Wall‘s absence only benefits the Houston Rockets‘ ability to lose games. Unless you consider being paid $44.3 million to not play at some cost to his own legacy a benefit for the 31-year-old five-time All-Star. The Rockets and Wall met on Sunday to discuss his future, and they left with little more clarity beyond the veteran’s desire to resume playing to his capability. Public discourse on the issue — largely framed as a refusal from Wall to accept less than a starting job — has… Source link

GLASGOW — The world’s two largest coal producers cast a big shadow on Day 2 of the United Nations Climate Change Conference (COP26) as stated commitments from India and China fell well below that of climate action needed to keep global warming in line with the Paris Agreement. Speaking at the World Leaders Summit in Glasgow, Indian Prime Minister Narendra Modi announced plans to reach carbon neutrality by 2070 — a significant promise for one of the last remaining holdouts to set… Source link

Tension between President Joe Biden and tech giant Facebook (FB) stands at a fever pitch, even after Biden on Monday walked back earlier remarks accusing social media platforms of facilitating the spread of vaccine misinformation and contributing to U.S. deaths from COVID-19, New York Times technology reporter Cecilia Kang told Yahoo Finance on Monday. “It felt like he was actually retreating a little bit — but the frustration and tension right now between the White House and Facebook still… Source link

Stock futures rose in Tuesday evening’s after-hours trading, following a session in which investors momentarily cast aside their fears that a resurgence of COVID-19 cases might derail a red-hot economic recovery.  The week started out with major benchmarks suffering their worst declines of 2021, which took the spotlight from quarterly earnings that have almost uniformly reflected a strong rebound. The rising case count driven by the Delta variant — a more communicable form of COVID-19 —… Source link

ContextLogic Inc. (WISH) announced that its Dutch subsidiary ContextLogic B.V. (CLBV) has been granted a Payment Services License from the Dutch Central Bank. ContextLogic is an E-commerce platform that facilitates transactions between buyers and sellers. The stock is gaining a lot of attention amid the meme stock frenzy, with WISH gaining 53% in the past month compared to a six-month decline of 43.2%. (See ContextLogic stock charts on TipRanks) The new Payment Services License will allow the… Source link

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales dropped more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel and engage in other activities that had been restricted by the COVID-19 pandemic. Despite last month’s decline reported by the Commerce Department on Tuesday, the trend in retail sales remains strong. Sales in April were revised sharply up and are well above their pre-pandemic level, keeping intact… Source link

Bloomberg Is Gold Set to Tear Even Higher? Four Key Charts to Watch (Bloomberg) — Just when the vaccine rollout and economic optimism left gold looking like last year’s metal, it staged a recovery.Bullion is one of the best-performing commodities this month, erasing almost all of this year’s losses. Investors have been lured back by gold’s appeal as an inflation hedge, while the Federal Reserve maintains its monetary stimulus and says price pressures should prove temporary. Spot gold… Source link

By David Randall NEW YORK, March 3 (Reuters) – ARK Invest founder and chief investment officer Cathie Wood reiterated her bullish position on Tesla and bitcoin on Wednesday while warning that the growth of digital wallets will “gut” traditional banks. Wood, whose $24.4 billion ARK Innovation exchange-traded fund is the largest actively managed ETF tracked by Lipper, said in a webinar her fund remains “opportunistic” despite the recent slide in the S&P 500 as investors have raised concerns over… Source link