Bank of America (NYSE:BAC) UP 1.42% AT 39.88 Bank of America Corp’s profit more than doubled in the first quarter and topped Wall Street estimates as it released reserves it had set aside to cover potential coronavirus loan losses. The second-largest U.S. bank by assets unlocked $2.7 billion from...
Amazon (NASDAQ:AMZN) Inc UP 0.61% AT 3400.00 & Walmart (NYSE:WMT) DOWN 0.31% AT 139.37 Between 2009 and 2014, Walmart’s Marketplace business, where outside merchants hawk everything from baby blankets to power tools, counted no more than six sellers, and was described by one expert as “in limbo.” But what...
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SAP AG UP 0.09% AT 111.21 Business software group SAP said on Tuesday it was forming a joint venture with Munich-based investor Dediq to develop new digital solutions for banking and insurance. Under the deal, Dediq will invest more than 500 million euros ($595 million) in developing premium products...
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WTI CRUDE was trading 2.48 up at $65.41. Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. Brent crude futures were up $1.52,...
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Asia Pacific stocks were down Friday morning, continuing Thursday’s losses after U.S. Treasury yields’ moves increased investor jitters. China’s Shanghai Composwas down 0.29% by 10:25 PM ET (3:25 AM GMT) and the Shenzhen component inched down 0.07%. China’s National People’s Congress (NPS) opened on Friday, where a conservative economic...
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Brent was trading 0.06 up at $63.73. When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts. At the end of...
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Walmart-owned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an e-commerce market that has grown rapidly during the COVID-19 pandemic. Flipkart has already expanded online grocery sales to more than 50 Indian cities and intends to reach...
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Germany stocks were higher after the close on Monday, as gains in the Consumer and cynical technology and Retail sectors led shares higher. At the close in Frankfurt, the DAX gained 0.33%, while the MDAX index added 0.44%, and the Tec Dax index climbed 0.23%. The best performers of...
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France stocks were higher after the close on Thursday, as gains in the Foods and drugs sectors and General Financial sectors led shares higher. At the close in Paris, the CAC40 gained 0.30%, while the SBF 120 index gained 0.42%. The best performers of the session on the CAC...
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Asian shares rose to record highs on Friday, with Japan’s Nikkei hitting a three-decade peak as investors looked beyond rising coronavirus cases and political unrest in the United States to focus on hopes for an economic recovery later in the year. The upbeat mood came after Wall Street hit...
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