By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, March 19th. Please refresh for updates. FedEx (NYSE:FDX) stock rose 5.1% after the delivery firm said its quarterly profit jumped more than expected on higher prices and surging volume from pandemic-fueled e-commerce deliveries during the holiday shipping season. Nike (NYSE:NKE)...
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(Bloomberg) -- By one measure, OxyContin maker Purdue Pharma LP is staring down a mountain of legal claims totaling more than $40 trillion, or about double the U.S. GDP in 2020. The $40 trillion figure outlined in court papers excludes an even more improbable claim of $100 trillion filed by an undisclosed party. But it does reflect a more-than $2 trillion ask by...
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(Reuters) - The Chinese military banned Tesla cars from entering military housing complexes, citing security concerns over the cameras installed on the vehicles, according to two people who saw notices of the directive. The order issued by the military advises Tesla owners to park their cars outside of military property, Bloomberg had earlier reported, adding that the ban was notified to residents...
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By Geoffrey Smith Investing.com -- The U.S. and China trade barbs at their first face-to-face meeting of the year. The Bank of Japan starts to dial down its hyper-aggressive monetary stimulus, while Russia becomes the third big emerging economy to raise interest rates this week. The EU's new Covid-19 wave is mounting, as Paris heads back into lockdown, while Nike ...
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By Jan Strupczewski BRUSSELS (Reuters) - Struggling to get its vaccine campaign and economic recovery plan in gear, Europe can only watch with envy the stratospheric growth path projected for the stimulus-fueled U.S. economy. But officials and economists caution against direct comparisons between the two, noting that much of the divergence masks in-built...
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By Peter Nurse Investing.com - U.S. stocks are seen opening higher Friday, rebounding from Thursday’s selloff as bond yields retreat from their recent highs. At 7:05 AM ET (1205 GMT), the Dow Futures contract was up 60 points, or 0.2%, S&P 500 Futures traded 12 points, or 0.3%, higher, and Nasdaq 100 Futures climbed 67 points, or 0.5%. There may be more volatility...
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By Elisa Anzolin, Valentina Za and Silvia Aloisi MILAN (Reuters) - International investors are casting an eye over some of Italy's grandest hotels whose family owners may be persuaded to part with properties that can be refurbished in time for tourists to return. The number of guests in Italian hotels more than halved...
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By Samuel Indyk Investing.com – Shares in UK based asset management company Sanne Group PLC (LON:SNNS) jumped on Friday after the company reported an increase in profit in 2020. Profits were up 16% to £45mln following an 8% increase in revenue to £170mln in 2020. The FTSE 250 listed company was outperforming the index with shares up over 5% at 11:30GMT...
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LONDON (Reuters) - The pound was steady on Friday, edging up slightly against the dollar and flat against the euro, a day after a Bank of England meeting that gave sterling traders little reason to change from their generally bullish outlook. Sterling has gained more than 2% so far this year against the dollar and 4.3% versus the euro, which analysts say...
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By Samuel Indyk Investing.com – James Anderson, the joint portfolio manager of Scottish Mortgage Investment Trust PLC (LON:SMT), has confirmed that he will retire from his position on April 30 2022. Baillie Gifford, which runs the investment trust, announced Anderson would be stepping down after managing the portfolio for over 20 years. Anderson joined Baillie Gifford in 1983 and became the...
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