05 June

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Zoom Up on Cathie Wood Bet After Slide By Investing.com

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By Christiana Sciaudone Investing.com -- Zoom Video Communications Inc (NASDAQ:ZM) thanks you, Cathie Wood. The star investor bought about $31 million worth of shares, more than 95,000, on Thursday, through the ARK Innovation ETF (NYSE:ARKK). The firm also holds 491,264 shares, worth about $161 million, in Zoom via the ARK Next Generation Internet ETF (NYSE:ARKW) as of Thursday, 24/7 Wall St. reported. Shares of Zoom rose over 260% last year to hit a record, but have since fallen about 40% as the pandemic darling has lost lustre amid the economic reopening in...

05 June

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Square considers making bitcoin hardware wallet – Dorsey By Reuters

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(Reuters) - Fintech company Square Inc (NYSE:SQ) is considering making a hardware wallet for bitcoin, Chief Executive Officer Jack Dorsey said in a tweet https://twitter.com/jack/status/1400839179513339905 on Friday. As bitcoin and other crypto-currencies have gained in popularity, many companies have emerged to serve a growing need to protect these assets from online theft. Bitcoin wallets can be stored offline or online at cryptocurrency exchanges, venues where bitcoin can be bought and sold for traditional currencies or other virtual coins. "If we do it, we would build it entirely in the open, from software...

05 June

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Microsoft wins U.S. antitrust okay for $16 billion purchase of Nuance By Reuters

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WASHINGTON (Reuters) - Microsoft Corp (NASDAQ:MSFT) has won U.S. antitrust approval for its deal to buy artificial intelligence and speech technology company Nuance Communications Inc, according to a filing made by Nuance to the government. The $16 billion deal, which was announced in April, came after the companies partnered in 2019 to automate healthcare administrative work, such as documentation. Nuance said in a filing to the U.S. Securities and Exchange Commission on Friday that the deadline for the U.S. government to object to the deal had expired on June 1. That expiration "satisfies...

05 June

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Beyond Meat Up As Amazon Veteran Among New Names At Firm By Investing.com

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By Dhirendra Tripathi Investing – Beyond Meat (NASDAQ:BYND) shares were up 2% Friday as the company announced new names including Amazon (NASDAQ:AMZN) finance veteran Phil Hardin in its top team. The company has strengthened its management as it takes on increasing competition in the market for plant-based meat substitutes while expanding in China and Europe. Hardin, who spent 15 years at the retail and cloud giant, was most recently vice president, finance for Amazon Advertising. He will join next month as chief financial officer, succeeding Mark Nelson who retired in May. Hardin also spent time...

05 June

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Dow Closes Week Higher as Tech Keeps Win Streak Live By Investing.com

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By Yasin Ebrahim Investing.com – The Dow closed the week higher Friday as tech’s strength helped keep its win streak alive amid easing worries about the Federal Reserve tapering its bond purchases following a soft jobs report. The S&P 500 was up 0.52%, the Nasdaq Composite jumped 01.5% and the Dow Jones Industrial Average rose 0.52%, or 179 points. The economy created 559,000 jobs in May, a sharp increase from the upwardly revised 278,000 in April, but short of economists’ forecast of 650,000. While...

04 June

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Euro zone retail sales fall more than expected in April By Reuters

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BRUSSELS (Reuters) - Euro zone retail sales fell more than expected in April, dragged down by a decline in sales of non-food products, but were still much higher than 12 months earlier when most countries were under strict pandemic lockdowns, data showed on Friday. The European Union's statistics office Eurostat said retail sales in the 19 countries sharing the euro fell 3.1% month-on-month in April but were 23.9% higher than a year earlier. Economists polled by Reuters had expected only a 1.2% monthly fall and forecast a 25.5% year-on-year surge. Eurostat said sales of non-food...

04 June

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Biogen Rises Ahead of Alzheimer’s Drug Decision By Investing.com

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By Christiana Sciaudone Investing.com -- Biogen (NASDAQ:BIIB)'s trading about 5% higher after Jefferies (NYSE:JEF) reiterated a buy rating ahead of potential approval of its Alzheimer's candidate drug. The Food and Drug Administration is scheduled to rule on the aducanumab biologic license application by June 7. Analyst Michael Yee sees the probability of approval at 50% to 60%, higher than consensus of no more than 30%, StreetInsider reported. Oppenheimer sees equal probabilities of aducanumab receiving approval or facing rejection, Benzinga reported. The shares are likely to move 21% higher if approved, 11% lower if not, Oppenheimer said,...

04 June

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S&P 500 Jumps as Soft Jobs Report Soothes Taper Talk Fears By Investing.com

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By Yasin Ebrahim Investing.com – The Dow jumped Friday as a soft monthly jobs report for the second month in a row renewed bets the Federal Reserve will have to wait longer to abandoned its easy monetary policy stance. The S&P 500 was up 0.79%, the Nasdaq Composite jumped 1.5% and the Dow Jones Industrial Average rose 0.40%, or 139 points. The economy created 559,000 jobs in May, a sharp increase from the upwardly revised 278,000 in April, but short of economists’ forecast of 650,000. While “this is not the ‘million jobs per month’ that looked...

04 June

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Canada shares higher at close of trade; S&P/TSX Composite up 0.45% By Investing.com

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Investing.com – Canada equities were higher at the close on Friday, as gains in the Materials, Energy and Telecoms sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.45% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were NexGen Energy Ltd. (TSX:NXE), which rose 5.02% or 0.280 points to trade at 5.860 at the close. Ero Copper Corp (TSX:ERO) added 5.35% or 1.42 points to end at 27.95 and Denison Mines Corp (TSX:DML) was up 4.52% or...

04 June

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FTSE 100 finishes flat, NFP misses expectations, Musk dents crypto recovery By Investing.com

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Key Points FTSE 100 closing price of 7067.80, +0.05% Airlines mostly lower after UK travel plans NFP weighs on USD, US yields Commodities higher on soft USD Cryptos suffer from Musk tweet By Samuel Indyk Investing.com – The FTSE 100 finished unchanged in relatively quiet trade despite Friday’s nonfarm payrolls report. Airlines were again in focus after the government confirmed its international travel plans which included removing Portugal from the ‘green’ list and failed to add any new countries. The news disappointed those in the aviation industry including EasyJet (LON:EZJ), Wizz Air (LON:WIZZ) and jet engine...

Меню

Zoom Up on Cathie Wood Bet After Slide By Investing.com

Square considers making bitcoin hardware wallet – Dorsey By Reuters

Microsoft wins U.S. antitrust okay for $16 billion purchase of Nuance By Reuters

Beyond Meat Up As Amazon Veteran Among New Names At Firm By Investing.com

Dow Closes Week Higher as Tech Keeps Win Streak Live By Investing.com

Euro zone retail sales fall more than expected in April By Reuters

Biogen Rises Ahead of Alzheimer’s Drug Decision By Investing.com

S&P 500 Jumps as Soft Jobs Report Soothes Taper Talk Fears By Investing.com

Canada shares higher at close of trade; S&P/TSX Composite up 0.45% By Investing.com

FTSE 100 finishes flat, NFP misses expectations, Musk dents crypto recovery By Investing.com

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