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MercadoLibre Earnings Miss, Revenue Beats In Q1 By Investing.com

By Yasin Ebrahim MercadoLibre (NASDAQ:MELI) reported Monday first quarter revenue that topped expectations as demand for online shopping in Latin America continued to grow even as physical retail gradually reopened. MercadoLibre shares lost 0.94% in after-hours trade following the report. MercadoLibre announced a loss per share of $1.02 on revenue of $1.33 billion. Analysts polled by Investing.com anticipated EPS...

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Disney CEO says households without kids have boosted streaming success By Reuters

LOS ANGELES (Reuters) - Surprisingly strong interest from adults who do not have kids at home has helped increase subscriptions to Walt Disney (NYSE:DIS) Co's Disney+ streaming service beyond initial projections, Chief Executive Bob Chapek said on Monday. Disney+ debuted in November 2019 and growth has exceeded Wall Street expectations and Disney's forecast. While Disney is known for family entertainment,...

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AMC, Retailers, Healthcare IPOs: 3 Things to Watch By Investing.com

By Liz Moyer Investing.com -- The market has done so well in the last few days, it has some analysts wondering whether gains for the full year are already locked in. The indexes surged again on Monday, with the Dow Jones Industrial Average and NASDAQ Composite notching triple-digit gains, and the S&P 500 having its best day since June. Johnson & Johnson (NYSE:JNJ)’s one-dose...

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MercadoLibre Earnings miss, Revenue beats In Q1 By Investing.com

MercadoLibre (NASDAQ:MELI) reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations. MercadoLibre announced earnings per share of $-1.02 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $0.1616 on revenue of $1.21B. MercadoLibre shares are up 2.43% from the beginning of the year and are trading at $1,699.79 ,...

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GameStop soars in volatile trading session By Reuters

(Reuters) - Shares in video game retailer GameStop (NYSE:GME) were up 21.2% as volume spiked late in Monday's session putting pressure on short sellers to cover their bets as investors discussed the so-called Reddit darling stock on social media. While the stock pared some gains it last traded at $123.31 after rising as much as 31.7% to $133.99. It had also...

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Zoom beats quarterly revenue estimates By Reuters

(Reuters) - Zoom Video Communications Inc reported better-than-expected quarterly revenue on Monday, helped by increased users on its video-conferencing platform for remote work and online learning against the backdrop of broader stay-at-home orders. Zoom users have surged in the past year, fueled by its free platform that people turned to for socializing, virtual meetings and e-classes, with some users going for the...

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UK health official says more data needed on vaccine effectiveness on Brazil variant By Reuters

LONDON (Reuters) - More data is needed to access the effectiveness of vaccines against the so-called Brazil variant of COVID-19, an British health official said on Monday. "The current vaccines have not yet been studied against this variant, and we will need to wait for further clinical and trial data to understand the vaccine effectiveness against this variant," Susan Hopkins from...

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Richest 100 Americans Would Pay $78 Billion Under Warren Tax By Bloomberg

(Bloomberg) -- The 100 richest Americans would hand over more than $78 billion of their personal fortunes under a wealth tax proposed Monday by Democratic Senator Elizabeth Warren and other progressive lawmakers. Dubbed the Ultra Millionaire Tax Act, the bill would require households with a net worth of more than $50 million to pay a 2% tax on their wealth annually, with an...

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Canada shares higher at close of trade; S&P/TSX Composite up 1.57% By Investing.com

Investing.com – Canada equities were higher at the close on Monday, as gains in the Healthcare, Industrials and Consumer Discretionary sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 1.57%. The biggest gainers of the session on the S&P/TSX Composite were CAE Inc. (TSX:CAE), which rose 13.63% or 4.59 points to trade at 38.27 at...

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