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One in five UK small businesses have halted EU exports, accountants say By Reuters

LONDON (Reuters) - About a fifth of small and medium-sized British businesses that export to the European Union have temporarily halted overseas sales due to the complexity of new customs rules, a firm of accountants said on Tuesday. Since the end of a post-Brexit transition period on Dec. 31, British businesses selling goods to customers in the EU have had to fill...

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Analysis: Yellen-backed policies set to aid risk assets, raise longer-term worries By Reuters

By Lewis Krauskopf NEW YORK (Reuters) - Treasury Secretary nominee Janet Yellen's unequivocal support for a pandemic rescue plan cuts both ways for investors, fueling optimism that the rally in risk assets will continue while bolstering concerns over a massive run-up in government debt. In her Senate confirmation hearing on Tuesday, the former Federal Reserve chair urged lawmakers to "act big" on...

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Netflix Earnings miss, Revenue beats In Q4 By Investing.com

Netflix (NASDAQ:NFLX) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations. Netflix announced earnings per share of $1.19 on revenue of $6.64B. Analysts polled by Investing.com anticipated EPS of $1.35 on revenue of $6.62B. Netflix shares are down 7% from the beginning of the year and are trading at $536.97 , down-from-52-week-high.They are...

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JB Hunt Earnings, Revenue beat in Q4 By Investing.com

JB Hunt (NASDAQ:JBHT) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. JB Hunt announced earnings per share of $1.44 on revenue of $2.74B. Analysts polled by Investing.com anticipated EPS of $1.3 on revenue of $2.56B. JB Hunt shares are up 8.77% from the beginning of the year and are trading at $150.00...

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Netflix Touts Stock Buybacks as Cash Flow Problems Nearing End By Investing.com

By Yasin Ebrahim Netflix (NASDAQ:NFLX) said Tuesday it expects to be cash-flow neutral this year after reporting fourth quarter earnings that missed analysts' forecasts, but paid subscribers markedly topped expectations. Netflix shares gained more than 10% in after-hours trade following the report. Netflix announced earnings per share of $1.19 on revenue of $6.64B. Analysts polled by Investing.com anticipated EPS of $1.35 on revenue of $6.62B....

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Yellen Confirmation for Treasury Could Come as Soon as Thursday By Bloomberg

(Bloomberg) -- Janet Yellen’s nomination for Treasury secretary could be approved by the Senate as soon as Thursday, senators indicated during her confirmation hearing. Ron Wyden, the ranking Democrat on the Senate Finance Committee, said he hoped the full chamber could vote on Thursday, given that Democrats and Republicans agreed to have written follow-up...

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BoE’s Haldane sees rapid economic recovery from COVID hit By Reuters

LONDON (Reuters) - Bank of England chief economist Andy Haldane said on Tuesday that he continued to expect a rapid economic recovery once vaccines against COVID are rolled out, keeping a lid on unemployment. Haldane said that he expected recovery to be faster than after the 2008-9 financial crisis, as the economic collapse in 2020 had done less damage to business...

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On eve of Biden, EU arms itself for trade disputes By Reuters

By Philip Blenkinsop BRUSSELS (Reuters) - The European Union is arming itself with a new ability to impose punitive tariffs on the United States and other trading rivals that refuse to resolve disputes after Washington's paralysis of the World Trade Organization. A day before Joe Biden becomes U.S. president, the European Parliament voted 653 to 10 on Tuesday for the enforcement law,...

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Pandemic hit UK pubs group Wetherspoons seeks to raise cash again By Reuters

(Reuters) - British pubs group JD Wetherspoon plans to raise up to $128 million in its second cash call from investors since the start of the COVID-19 pandemic, as the government's latest order to close hospitality venues hammers its finances. While mass vaccination started across Britain towards the end of 2020, stay-at-home orders since Christmas - which followed some local curbs...

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Dow Pumped on Energy, Earnings; Yellen Calls for More Stimulus By Investing.com

By Yasin Ebrahim Investing.com – The Dow rose Tuesday on better-than-expected quarterly results and growing optimism that more stimulus is about to hit bank accounts under President-elect Joe Biden's administration. The Dow Jones Industrial Average rose 0.57%, or 175 points. The S&P 500 was up 0.94%, and the Nasdaq Composite gained 1.49%. Goldman Sachs (NYSE:GS) reported fourth-quarter results that topped Wall Street estimates,...

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