PayPal to launch AI-based products
Investors hope that Chriss will revive PayPal’s stock, as he promised to grow company’s revenue.
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Rothschild family buys 8.2 million shares of Paris-listed investment bank
Rothschild in May posted a 10% drop in first-quarter sales
Rothschild family buys 8.2 million shares of Paris-listed investment bank Read More »
How hedge funds plan to trade the second half of 2023
LONDON/NEW YORK/HONG KONG – For hedge funds, the second half of 2023 is all about pouncing on the ways in which inflation
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SoftBank snub shows London risks losing its listings lustre
London risks losing its appeal for stock market listings
SoftBank snub shows London risks losing its listings lustre Read More »
NY Fed paper ties reverse repo surge to bank regulation change
After the regulation change banks were less inclined to take deposits, and that cash instead flowed to the money funds, which had to invest that money somewhere, the paper said
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Wall Street closes down on slide in Apple shares, bank stocks
Wall Street ended lower on Monday after bank stocks erased earlier gains and Apple (AAPL.O) shares fell on a report saying the company plans to slow hiring and spending growth next year.
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Stocks gain on improved sentiment, crude at $120
U.S. stocks rose on Monday, following gains in Asia and Europe on signs of an easing of restrictions by China, and as investors took expected interest rate hikes in coming days in their stride despite crude oil hitting $120 a barrel.
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Some hedge funds face steep losses after betting on hot sectors
Source – Reuters, Data from Hedge Fund Research shows the HFRX Global Hedge Fund Index slipped 1% in May, leaving it down 3.31% for the first five months of 2022
Some hedge funds face steep losses after betting on hot sectors Read More »
Moscow Exchange to resume shares and bond trading in normal mode on Monday
Source – Reuters, It said the trading session will last from 9:50 a.m. until 1:50 p.m. Moscow time (0650-1050 GMT)
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Russia counts on sanctions help from China; U.S. warns off Beijing
Source – Reuters, Presidents Vladimir Putin and Xi Jinping met in Beijing on Feb. 4 and announced a strategic partnership they said was aimed at countering the influence of the United States, describing it as a friendship with no limits.
Russia counts on sanctions help from China; U.S. warns off Beijing Read More »