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ViacomCBS
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ViacomCBS, Discovery both fall 27%, leading media stock selloff

ViacomCBS, Discovery both fall 27%, leading media stock selloff Via Reuters: Shares in media companies ViacomCBS and Discovery Inc tumbled around 27% each on Friday, capping a week of declines and putting both stocks roughly 50% below their recent record highs. ViacomCBS closed down $18.12 at $48.23, marking a record one-day percentage decline, with trading volume more than five times its 10-day moving average. The stock had hit a record […]

today03/27/2021 27

Suez Canal
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Suez Canal remains blocked amid efforts to free stuck vessel

Suez Canal remains blocked amid efforts to free stuck vessel Via AP News: A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping. The Ever Given, a Panama-flagged ship that carries cargo between Asia and Europe, ran aground Tuesday in the narrow canal that […]

today03/27/2021 3

Wall Street
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Wall Street rallies on strong recovery hopes

Wall Street rallies on strong recovery hopes Via Reuters: The S&P 500 and Dow rose in a broad-based rally on Friday with technology, healthcare and financial stocks providing the biggest lift as investors bet on a recovery that is expected to deliver the fastest economic growth since 1984. The S&P 500 and the Dow ended a seesaw week higher as investors rebalancing their portfolios at the quarter’s end continued to […]

today03/26/2021 13

Suez blockage
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Oil prices rise 2% on fears Suez blockage may last weeks

Oil prices rise 2% on fears Suez blockage may last weeks Via Reuters: Oil prices reversed a sharp sell-off a day earlier to rise about 2% on Friday on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined products. Prices, however, were still headed for a third consecutive weekly loss, with the outlook for […]

today03/26/2021 9

Burberry
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Burberry becomes first luxury brand to suffer Chinese backlash over Xinjiang

Burberry becomes first luxury brand to suffer Chinese backlash over Xinjiang Via Reuters: Burberry has lost a Chinese brand ambassador and its hallmark tartan design was scrubbed from a popular video game, becoming the first luxury brand assailed by the Chinese backlash to Western accusations of abuses in Xinjiang. China on Friday sanctioned organisations and individuals in the United Kingdom over what it called “lies and disinformation” about Xinjiang, days […]

today03/26/2021 6

cryptocurrency market
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Baby boomers next to jump into cryptocurrency market

Baby boomers next to jump into cryptocurrency market Via Reuters: Wealthy baby boomers will be the next generation to jump into cryptocurrencies as they become more mainstream, potentially bringing billions of dollars to the rallying sector, said Mike Novogratz, founder of crypto firm Galaxy Digital. “It could be as much as a trillion dollars comes over the next year from that giant group of wealth,” said Novogratz, who used to […]

today03/25/2021 23

Xinjiang
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Nike faces social media storm in China over Xinjiang statement

Nike faces social media storm in China over Xinjiang statement Via Reuters: Anger with Nike Inc erupted on Chinese social media late on Wednesday after China’s netizens spotted a statement from the sporting goods giant saying it was “concerned” about reports of forced labour in Xinjiang and that it does not use cotton from the region. Topics around the Nike statement were among the highest trending on China’s Twitter-like social […]

today03/25/2021 13

Cineworld
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Cineworld seeks room to raise more debt after $3 billion loss

Cineworld seeks room to raise more debt after $3 billion loss Via Reuters: Cineworld will ask shareholders to approve an increase in its debt ceiling next month after the pandemic-stricken cinema group plunged to a $3 billion loss last year. The Regal Cinemas owner, forced by coronavirus lockdowns to shut most of its almost 800 theatres in October and temporarily lay off about 45,000 staff, sunk to its first pretax […]

today03/25/2021 13

stimulus act
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U.S. Treasury to issue new guidance on state tax provision in stimulus act

U.S. Treasury to issue new guidance on state tax provision in stimulus act Via Reuters: The U.S. Treasury said on Tuesday it would issue further guidance on a contested provision in President Joe Biden’s $1.9 trillion coronavirus relief package that prohibits states from using stimulus money to replace revenue lost to tax cuts. The provision has drawn criticism from 21 Republican state attorneys general, with Ohio’s top lawyer suing the […]

today03/23/2021 4

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