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15 April
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Progressive Earnings Inline, Revenue beats In Q1 By Investing.com

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Progressive (NYSE:PGR) reported on Thursday first quarter earnings that matched analysts' forecasts and revenue that topped expectations. Progressive announced earnings per share of $1.72 on revenue of $11.73B. Analysts polled by Investing.com anticipated EPS of $1.72 on revenue of $11.01B. Progressive shares are up 1.13% from the beginning of the year and are trading at $100.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 10.94% from the start of the year. Progressive shares gained 2.90% in intra-day trade the report. Progressive follows other major Financial sector earnings this month Progressive's report...

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15 April
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KKR-backed AppLovin shares fall in Nasdaq debut By Reuters

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By Echo Wang (Reuters) -Shares of mobile app and gaming company AppLovin Corp fell as much as 16.6% in their Nasdaq debut on Thursday, valuing the KKR & Co Inc-backed business at around $24 billion. It is a sign that the rampant investor appetite in recent months for new technology stocks, which has led to several large first-day trading gains, may be slowing. Palo Alto, California-based AppLovin's shares opened at $70, below its initial public offering price of $80, the mid-point of the company's target range. The stock traded as low as 66.69...

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15 April
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FTSE 100 jumps, Wall St at record highs, Coinbase higher as ARK invests By Investing.com

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Key Points FTSE 100 closing price of 6,986.00, +0.7% GSK jumps after Elliott Management takes stake Deliveroo (LON:ROO) fails to deliver after first trading update as public company GBP flat as FX markets trade in narrow ranges Bitcoin steady above $62,000 By Samuel Indyk Investing.com – The FTSE 100 closed higher on Thursday as equity markets in Europe and the US benefitted from strong US data. Retail sales rose 9.8%, above the expected 5.9% rise, as consumers spent their stimulus checks that were given as part of Biden’s pandemic aid package. In individual stocks...

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15 April
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European Parliament gives initial backing to UK trade deal By Reuters

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By Philip Blenkinsop BRUSSELS (Reuters) - The European Parliament's committees on relations with Britain on Thursday voted overwhelmingly in favour of the post-Brexit trade and cooperation agreement, clearing the path to its final ratification. They had suspended voting in March in protest over British changes to trading arrangements in Northern Ireland, which Brussels says breach the terms of the Brexit Withdrawal Agreement. The United Kingdom left the European Union on Jan. 31 after years of tortuous negotiations over their future relations but many details remain unclear, leading to acrimony. The EU's foreign affairs and trade...

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15 April
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Factbox-Details of funeral service planned for Britain’s Prince Philip By Reuters

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LONDON (Reuters) - Following are details of the funeral this Saturday for Britain's Prince Philip, Queen Elizabeth's husband, who died on April 9 aged 99. THE FUNERAL The funeral, which will be broadcast live, will take place at St George's Chapel at Windsor Castle at 3 p.m. (1400 GMT) As planned, it will be a ceremonial royal funeral, rather than a state funeral, with most of the details in keeping with Prince Philip's personal wishes. However, it has had to be scaled back because of COVID-19 restrictions. There will be no public access, no public...

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15 April
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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.76% By Investing.com

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Investing.com – U.K. equities were higher at the close on Thursday, as gains in the Pharmaceuticals & Biotech, Mining and General Industrial sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 added 0.76% to hit a new 52-week high. The biggest gainers of the session on the Investing.com United Kingdom 100 were GlaxoSmithKline PLC (LON:GSK), which rose 4.56% or 58.80 points to trade at 1348.40 at the close. Mondi PLC (LON:MNDI) added 3.74% or 70.00 points to end at 1942.50 and Antofagasta PLC (LON:ANTO) was up 3.36% or 60.50...

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15 April
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With flagship electric car, Mercedes takes fight to Tesla By Reuters

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By Nick Carey LONDON (Reuters) - Daimler AG (DE:DAIGn) on Thursday unveiled the electric "sibling" of its flagship Mercedes-Benz S-Class luxury sedan, taking the fight to market-leader Tesla Inc in the battle for market share as electric car sales take off. The EQS is the first in a family of Mercedes-Benz cars built on a dedicated electric vehicle platform built from the ground up. It will go on sale in Europe and the United States in August, then in China in January. Sales of electric and plug-in hybrid cars in the European Union almost...

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15 April
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Self-driving truck maker TuSimple valued at $8.5 billion in Nasdaq debut By Reuters

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(Reuters) - Shares of TuSimple Holdings Inc made a lackluster U.S. stock market debut on Thursday, giving the self-driving truck maker a market capitalization of $8.5 billion. TuSimple shares opened at $40.25, marginally higher than their initial public offering (IPO) price of $40 per share. The San Diego, California-based company sold about 27 million shares in its IPO while some stockholders sold about 6.8 million shares. TuSimple received about $1.1 million in proceeds from the IPO. The company, backed by Volkswagen (DE:VOWG_p)'s commercial trucking unit, TRATON SE, and United Parcel Service...

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15 April
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Explainer-What does it mean to invest ‘ethically’ or with ‘impact’? By Reuters

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By Simon Jessop LONDON (Reuters) - Demand for funds which cherry pick investments with strong environmental, social or governance (ESG) credentials has surged in recent years. Many of these funds include terms such as 'ethical' or 'impact' in their names. But what do these words actually mean? Below is a glossary of the key terms often used to describe investment styles and processes. SUSTAINABLE/RESPONSIBLE INVESTING In the absence of a global consensus, the two are often used to describe a range of investment approaches used by fund managers to assess ESG issues before choosing...

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15 April
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Apple Gains As UBS Survey Points To Higher Audience Engagement, Upgrade Potential By Investing.com

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By Dhirendra Tripathi Investing.com – Apple (NASDAQ:AAPL) shares rose more than 2% Thursday following a UBS (NYSE:UBS) survey that showed the iPhone maker’s product line remained resilient while also forecasting robust demand for its newer models. The bank has a $142 price target Apple shares, which is nearly 6% higher than the current price. UBS analyst David Vogt shared the data covering around 4,000 iPhone users across four geographies. The aim of the survey was to get a better understanding of the iPhone installed base and consumer involvement with different services offered by the company. The...

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