03 March

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Ross Stores Earnings, Revenue miss in Q4 By Investing.com

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Ross Stores (NASDAQ:ROST) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations. Ross Stores announced earnings per share of $0.67 on revenue of $4.25B. Analysts polled by Investing.com anticipated EPS of $1 on revenue of $4.27B. Ross Stores shares are down 4% from the beginning of the year and are trading...

03 March

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Guarantor loans surge to top of UK financial complaints chart By Reuters

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By Huw Jones LONDON (Reuters) - Complaints about guarantor loans by companies such as Amigo soared last year, eclipsing grievances over payment protection insurance (PPI) that have dominated for more than a decade, Britain's Financial Ombudsman Service (FOS) said on Wednesday. Consumers have turned to loan providers since last March as lockdowns to fight the COVID-19 pandemic strained their finances. "For...

03 March

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Lyft Raises Outlook as Ridesharing Demand Returns Sooner Than Expected By Investing.com

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By Yasin Ebrahim Shares of Lyft surged in after-hours trading on Tuesday after upgrading its outlook on performance, citing a return to stronger rideshare demand sooner than expected. LYFT (NASDAQ:LYFT) was up more than 2% on the news. The adjusted EBITDA loss in the first quarter of 2021 was expected to be $135 million, an improvement from the prior...

03 March

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Rio Tinto Chairman Simon Thompson to step down in 2022 By Reuters

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(Reuters) - Rio Tinto (LON:RIO) Ltd said on Wednesday Simon Thompson will step down as chairman next year after deciding not to seek re-election as a non-executive director at the miner's 2022 annual general meeting. Analysts said last month Thompson would likely face increasing pressure to step down over the board's handling of the destruction of rock shelters, after an...

03 March

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Boeing cites risks in design of newest Airbus jet By Reuters

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By Tim Hepher PARIS (Reuters) - Boeing (NYSE:BA) Co has raised concerns over the design of arch-rival Airbus' newest narrow-body jet, the A321XLR, saying a novel type of fuel tank could pose fire risks. The U.S. plane giant's intervention is not without precedent in a global system that regularly allows manufacturers to chime in whenever safety rules are being interpreted in a...

03 March

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UK extends furlough scheme by five months, gives more help to self-employed By Reuters

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LONDON (Reuters) - Britain will extend its huge job-protecting furlough programme by five months until the end of September and expand parallel support for the self-employed, finance minister Rishi Sunak is due to announce in a budget speech on Wednesday. Workers covered by the furlough scheme - currently about one in five private-sector...

03 March

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Robinhood, a go-to for young traders, benefits from short sale demand By Reuters

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By John McCrank NEW YORK (Reuters) - Robinhood, the online brokerage used by many retail traders to pile in to heavily shorted stocks like GameStop Corp (NYSE:GME), has made an ambitious push into loaning out its clients' shares to short sellers as it expands its business. The broker had $1.9 billion in shares loaned out as of Dec. 31, nearly...

03 March

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Private Payrolls, Beige Book, Oil Supplies: 3 Things to Watch By Investing.com

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By Liz Moyer Investing.com -- Stocks cooled off on Tuesday, giving back some of the gains from Monday, which was the best day for the S&P 500 since last June. Profit taking may be partly to blame for the pull-back, especially in tech shares. The Senate now has President Joe Biden’s $1.9 trillion stimulus bill, which has already passed the House. Lawmakers on the...

02 March

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Cruise Stocks Looking Attractive as Vaccinations Rise: Macquarie By Investing.com

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By Liz Moyer Investing.com -- Cruise lines stocks are looking attractive according to Macquarie analysts, who upgraded the sector to outperform from neutral, citing positive catalysts. With Covid cases dropping and vaccinations on the rise, the worst of the pandemic could be in the rear view mirror for cruise operators, wrote analyst Paul Golding. Cruises have been sidelined during the pandemic, but government...

02 March

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Resurgent stock market evokes memories of long-gone bubble on Tokyo’s ‘Wall Street’ By Reuters

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By Junko Fujita TOKYO (Reuters) - At the almost empty "Wall Street" bar and restaurant in Tokyo's Kayabacho financial district, three groups of patrons dine quietly at tables separated by partitions. The sedate scene is a far cry from the area's heyday 30 years ago when traders flush from big wins on the...

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News

Ross Stores Earnings, Revenue miss in Q4 By Investing.com

Guarantor loans surge to top of UK financial complaints chart By Reuters

Lyft Raises Outlook as Ridesharing Demand Returns Sooner Than Expected By Investing.com

Rio Tinto Chairman Simon Thompson to step down in 2022 By Reuters

Boeing cites risks in design of newest Airbus jet By Reuters

UK extends furlough scheme by five months, gives more help to self-employed By Reuters

Robinhood, a go-to for young traders, benefits from short sale demand By Reuters

Private Payrolls, Beige Book, Oil Supplies: 3 Things to Watch By Investing.com

Cruise Stocks Looking Attractive as Vaccinations Rise: Macquarie By Investing.com

Resurgent stock market evokes memories of long-gone bubble on Tokyo’s ‘Wall Street’ By Reuters

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