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Peloton Soars on Australia Foray, Analyst Upgrade By Investing.com

By Dhirendra Tripathi Investing.com - (NASDAQ:PTON) jumped nearly 13% Tuesday, boosted by Monday’s announcement that it would expand into Australia. The stock rose almost $13, to $114, a trifle lower from the day’s high of $115.50 so far. Adding to the investor sentiment was an upgrade by MKM Partners analyst Rohit Kilkarni, who now has a ‘buy’ rating on the stock with a price...

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FTSE 100 finishes higher, GBP strong, bitcoin market cap above $1 trillion By Investing.com

Key Points FTSE 100 finishes higher, US tech stocks rally ARK Innovation ETF (NYSE:ARKK) ETF up 8% GBP strong as GBP/USD back above 1.39, EUR/GBP two week lows UK 10 YR Gilt Futures relatively steady ahead of US Treasury auctions Bitcoin market cap back above $1tln By Samuel Indyk Investing.com – The FTSE 100 finished higher with broad based gains across...

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ECB Increases Bond Buying After Warnings About Higher Yields By Bloomberg

(Bloomberg) -- The European Central Bank stepped up the pace of its emergency bond-buying last week after policy makers issued repeated warnings that a recent rise in yields threatens to derail the region’s economic recovery. Gross purchases settled under its pandemic emergency program totaled 18.2 billion euros ($21.6 billion) in the week ended March...

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Developers of Russian Sputnik V vaccine doubt EU regulator’s neutrality, want apology By Reuters

MOSCOW (Reuters) - The developers of Russia's Sputnik V vaccine against COVID-19 on Tuesday questioned the European Medicines Agency's (EMA) neutrality, after an official with the regulator urged EU states to refrain from approving the shot for now. EMA management board chief Christa Wirthumer-Hoche told an Austrian talk show on Sunday that she would advise European Union countries against granting Sputnik...

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Britain’s cats and dogs face pet-food pouch shortage By Reuters

LONDON (Reuters) - Britain's growing ranks of cats and dogs could be left staring at empty bowls after Sainsbury's, the nation's second biggest supermarket group, warned of a shortage of pet food pouches. In e-mails to cat and dog-owning customers Sainsbury's apologised but cautioned the issue could be long term. "Due to a national shortage of dog and cat food pouches, we're...

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Britain’s M&S plans smaller store on flagship London site By Reuters

LONDON (Reuters) - British retailer Marks & Spencer has proposed a redevelopment of its flagship Marble Arch store in central London that would see the upper levels of the building made into office space, it said on Tuesday. Under the proposals, which M&S is seeking to consult with local stakeholders on, it would develop a smaller modernised full-line store on a site it has occupied since...

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Tech Rebound, Treasury Sales, Chinese Rout Hits Copper – What’s up in Markets By Investing.com

By Geoffrey Smith  Investing.com -- Tech stocks are set to open with a rebound after Monday’s heavy sell-off. The Treasury kicks off three days of big bond sales, and China’s stock market woes continue as the government confirms its focus on deleveraging this year. Here’s what you need to know in financial markets on Tuesday, March 9th. 1 Three days of Treasury sales  ...

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Nasdaq Futures Up 270 Pts; Tech Stocks Set To Rebound By Investing.com

By Peter Nurse    Investing.com - U.S. stocks are seen opening higher Tuesday, with the tech sector in particular expected to bounce back sharply after recent losses as vaccination optimism grows. At 7:05 AM ET (1205 GMT), the Dow Futures contract was up 175 points, or 0.6%, S&P 500 Futures traded 40 points, or 1.1%, higher, and Nasdaq 100 Futures climbed 270 points, or...

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Prince Charles declines to comment on Meghan and Harry’s interview By Reuters

LONDON (Reuters) - British heir-to-the-throne Prince Charles declined to comment on Tuesday after he was asked about what he thought of Meghan and his son Prince Harry's Oprah Winfrey interview. As he left a vaccination centre in London, Charles was asked what he thought of the interview in which she said a member of the royal family had made a racist comment...

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EU prepares to turn the screw on asset managers over greenwashing By Reuters

By Simon Jessop and Kate Abnett LONDON/BRUSSELS (Reuters) - For money managers and advisers keen to market their sustainable investing credentials to European clients, going green is about to get a lot tougher. Under a suite of new EU finance rules due to be rolled out in stages, beginning on March 10, firms including fund houses, insurers and pension funds that provide...

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