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“#London Stock Exchange selling Italy’s Borsa Italiana for $5B” The London Stock Exchange is selling its Italian counterpart to French markets giant Euronext for about $5.1 billion, the companies announced Friday. Euronext will add Milan’s Borsa Italiana — Italy’s only stock exchange — to its existing portfolio of European exchanges in cities such as Paris,…
“#Just 59 Americans own more wealth than half the country: data” The 59 Americans whose fortunes have ballooned amid the coronavirus pandemic now have more wealth than half the nation’s population, new data show. The poorest 50 percent of Americans, or roughly 165 million people, collectively owned about $2.08 trillion in wealth in the second…
“#Dow jumps 386 points after Trump softens stimulus stance” US stocks rebounded Wednesday after President Trump signaled support for limited coronavirus stimulus spending just hours after pulling the plug on negotiations with Congress. The Dow Jones industrial average climbed as much as 386.84 points, or about 1.4 percent, to 28,159.60 in early trading following Trump’s…
“#Stocks jump on hopes for stimulus, speedy Trump recovery” US stocks rose sharply Monday after President Trump announced the end of his coronavirus hospitalization, capping off a strong day of trading that also reflected Wall Street’s renewed hope for a second round of stimulus funding. After a morning session that was buoyed by increased optimism…
“#Stock futures climb as Wall Street eyes Trump’s COVID-19 recovery” US stock futures rose early Monday as investors welcomed signs that President Trump was recovering from the coronavirus. Futures contracts for the Dow Jones industrial average were up 202 points, or about 0.7 percent, at 27,767.00 as of 7:03 a.m. after Trump’s medical team said…
“#Morgan Stanley officially closes all-stock E*Trade takeover deal” Morgan Stanley has closed its acquisition of discount brokerage E*Trade, the investment bank announced Friday. The all-stock deal — valued at $13 billion when it was announced in February — gives New York-based Morgan Stanley a new consumer-focused arm amid a boom in retail trading during the…
“#Dow plunges more than 400 points after Trump’s COVID-19 diagnosis” President Trump spooked Wall Street Friday with his stunning revelation that he’d caught the coronavirus — but reports that it was just a mild case soothed investors’ sniffles. The Dow Jones industrial average plunged as much as 433.96 points, or 1.5 percent, to 27,382.94 in…
“#Who is Nikola founder Trevor Milton?” Nikola founder Trevor Milton’s star has fallen even faster than it rose. Less than a month ago, the 38-year-old billionaire and his electric-truck startup appeared poised to usher in the next generation of high-tech vehicles when he inked a $2 billion partnership with industry giant General Motors. But just…
“#BTS label Big Hit Entertainment prices IPO at top of price range” The South Korean record label behind the wildly popular K-pop band BTS priced its initial public offering at the top of its target range after a flurry of interest from investors. Seoul-based Big Hit Entertainment will list its shares at 135,000 won, or…
“#Novavax stock soars after start of coronavirus vaccine trial” Novavax’s stock price surged Friday after the biotech firm started a key late-stage trial of its experimental coronavirus vaccine. Shares in the Maryland-based company soared nearly 11 percent to $113.56 following its Thursday announcement that it kicked off the Phase 3 study in the United Kingdom,…