By Saeed Azhar and Amruta Khandekar NEW YORK (Reuters) – The S&P 500 and the Nasdaq closed higher on Monday as shares of chipmaker Nvidia surged following a bullish note from Morgan Stanley,[...]
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August 14, 2023
U.S. Steel shares jump after Esmark makes $7.8-billion offer
By Priyamvada C (Reuters) -U.S. Steel shares extended their rally on Monday after privately held firm Esmark made a $7.80 billion all-cash offer for the company, topping a rejected bid from Cleveland-[...]
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Yellen upbeat on US economy, says Bidenomics is driving investment, job growth
By Andrea Shalal LAS VEGAS (Reuters) -Treasury Secretary Janet Yellen made a robust pitch in the swing state of Nevada on Monday that President Joe Biden’s policies are powering historic job gro[...]
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Burry, famous for ‘Big Short,’ bought bearish options against S&P, Nasdaq 100
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) -Michael Burry, the money manager made famous in the book and film “The Big Short,” held bearish options against the broad S&P[...]
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Catalent, facing pressure from Elliott, had other activists in stock
By Svea Herbst-Bayliss NEW YORK (Reuters) – Contract drugmaker Catalent, which is being pushed to make changes to its board by Elliott Investment Management, had at least two other activist inve[...]
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Brazil’s Magalu blames wider quarterly loss on high borrowing costs
SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza reported on Monday a second-quarter adjusted net loss of 198.8 million reais ($40 million), blaming the country’s high interest rate[...]
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Goldman Sachs appoints John Greenwood as co-head of Latin America -memo
NEW YORK (Reuters) – Goldman Sachs appointed John Greenwood as its co-head of Latin America and head of investment banking for the region, according to a memo seen by Reuters. The executive will[...]
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Argentina devalues peso, raises rates after shock primary vote
By Eliana Raszewski and Jorgelina do Rosario BUENOS AIRES/LONDON (Reuters) -Argentina’s government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 2[...]
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EV maker Canoo posts smaller-than-expected loss on lower costs
(Reuters) – Electric-vehicle maker Canoo posted a smaller-than-expected quarterly loss on Monday on lower research and development costs, sending its shares up 2% in extended trading. The compan[...]
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