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Daimler to keep “protective hand” on truck unit after spin-off By Reuters

BERLIN (Reuters) - German carmaker Daimler aims to keep a "protective hand" on Daimler Trucks, the world's largest truck and bus maker, following a planned spin-off, Chief Executive Ola Källenius told the Frankfurter Allgemeine Sonntagszeitung (FAS). Daimler said on Wednesday it plans to spin off Daimler Truck as it seeks to increase its investor appeal as a focused electric, luxury car business....

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UK police investigating multiple violent incidents in south London By Reuters

(Reuters) - British police said they were investigating at least five separate serious violent incidents in south London late on Friday, including a fatal stabbing, but at this stage there was no suggestion they were all linked. Police said nine other people were injured and that officers on patrol had been granted additional stop and search powers in the Croydon area...

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Wall Street Grinds Higher at Opening, Shaking Off Jobs Report; Dow up 150 Pts By Investing.com

By Geoffrey Smith  Investing.com -- U.S. stock markets opened higher on Friday, building on Thursday's record-high close and on course for their best weekly performance since November - despite a labor market report for January that had little to cheer about.  By 9:40 AM ET (1440 GMT), the Dow Jones Industrial Average was up 150 points, or 0.5%, at 31,206 points. The S&P...

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Cathie Wood Amasses $50 Billion and a New Nickname: ‘Money Tree’ By Bloomberg

(Bloomberg) -- In South Korea, retail investors have given Cathie Wood a nickname: “Money Tree.” Looking at the pile of cash now managed by Ark Investment Management, it’s easy to see why. Ark’s exchange-traded fund assets under management crossed $50 billion this week, up from only $3.6 billion at this time last year, according to data compiled by Bloomberg. In 2021 alone, investors...

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Alphabet-backed Oscar Health files for IPO as telehealth market booms By Reuters

(Reuters) - Oscar Health, a health insurance start-up backed by Google parent Alphabet (NASDAQ:GOOGL) Inc, filed for an initial public offering on Friday, looking to cash in on the surge in demand for digital health services during the COVID-19 pandemic. The New York-based company, which has about 529,000 users, enables scheduling physician visits, checking lab results, emergency virtual appointments and prescription refill...

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UK to offer businesses more flexibility to pay back COVID loans By Reuters

LONDON (Reuters) - Companies that took out loans under a COVID-19 scheme will be allowed more flexibility in paying them back by lengthening the period during which businesses can make no repayments, the UK government said on Friday. The Conservative Party government is under pressure from the main opposition Labour Party and some businesses to offer more protection for firms which have...

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S&P 500, Nasdaq Hit Record High as Softer Jobs Rebound Sparks Stimulus Hopes By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 and Nasdaq hit all-time highs Friday on growing investor optimism that further stimulus to prop up the recovery is on the way following a weaker-than-expected rebound in U.S. job gains. The S&P 500 was up 0.31%, having hit an intraday record high of 3,894.50 earlier in the session. The Dow Jones Industrial Average rose 0.31%,...

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