Tag: billion
Oil Prices Drop Over 2% as Saudi Arabia Vows Stability; Middle East Tensions Remain in Focus
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Global oil prices witnessed a decline of more than 2% on Wednesday as concerns about supply disruptions due to Middle East conflicts eased. This...
Ericsson Shares Display Volatility Following Results and $2.9 Billion Charge
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Stockholm, Sweden – Ericsson shares experienced a rollercoaster ride on Thursday, contrary to initial predictions of a sharp decline, as the Swedish telecommunications equipment...
LVMH Shares Fall as Luxury Group Reports Slower Sales Growth
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LVMH shares tumbled on Wednesday to their lowest level since December after the French luxury group reported slower third-quarter sales growth, highlighting the impact...
ExxonMobil Set to Acquire Pioneer Natural Resources in $60 Billion All-Stock Deal
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Exxon Mobil is on the verge of announcing its acquisition of U.S. rival Pioneer Natural Resources in a deal estimated at around $60 billion,...
Crypto Market Sentiment Turns Bearish
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The crypto market has experienced a shift in sentiment, turning bearish following a short-term bullish period at the start of October. One possible reason...
Metro Bank’s Shares Surge After Capital Raising Deal
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Shares in Metro Bank experienced a significant upswing during early trading on Monday following a successful capital raising deal struck by the beleaguered British...
What is s&p midcap 400 index: A Complete Overview
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The S&P MidCap 400 Index is a key player in the world of financial benchmarks. It occupies a unique space, representing a subset of...
Micron’s Mixed Guidance Spurs Market Reaction, Analysts Eye Buying Opportunities
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Boise, ID, September 28, 2023 (GLOBE NEWSWIRE) - Micron Technology, Inc. (NASDAQ: MU) released its fiscal fourth-quarter results, offering a mixed outlook for the...
Nasdaq 100 Sees Growing Short Positions Amid Concerns Over Elevated Interest Rates
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Investors have been increasingly taking short positions in the Nasdaq 100 Index, reflecting rising apprehensions about the technology sector. These concerns have emerged due...
Star Entertainment Group Initiates Equity Raising Campaign to Bolster Balance Sheet
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The Star Entertainment Group, a prominent Australian casino operator, has embarked on its second capital-raising endeavor of the year, aiming to secure A$750 million...
Stock Futures Point Lower Amid Budget Stand-off Warnings
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As the final trading week of September begins, U.S. stock futures are pointing into the red. Investors are carefully watching for signs of prolonged...
Coinbase Holds 5% of Global Bitcoin Supply, Valued at $25 Billion
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Cryptocurrency exchange Coinbase (NASDAQ:COIN) currently holds approximately 1 million Bitcoins, worth about $25 billion, according to recent research by blockchain analytics firm Arkham Intelligence...