Tuesday, 6 April 2021

Daily Investor Update: Morgan Stanley dumped $5 billion in Archegos' stocks night before fire sale: CNBC

Morgan Stanley dumped $5 billion in Archegos' stocks night before fire sale: CNBC

Morgan Stanley sold about $5 billion in Archegos' stocks the night before the fire sale hit rivals, CNBC reported on Tuesday citing people with knowledge of the trades.

GM to start making Silverado electric pickups late next year in Detroit: source

General Motors Co is planning to start production of Chevrolet Silverado electric pickup truck late next year at its Detroit-Hamtramck assembly plant, a source familiar with the U.S. automaker's plan said on Tuesday.

Google AI scientist Bengio resigns after colleagues' firings - email

(Reuters) -Google research manager Samy Bengio on Tuesday said he is resigning, according to an internal email seen by Reuters, in a blow to the Alphabet Inc unit after the firings of his colleagues who questioned paper review and diversity practices.

Oil gains over 1% on strong U.S., China economic data

Strong economic data from China and the United States helped lift oil prices by more than 1% on Tuesday, recouping some of the previous session's losses.

Brookfield, BlackRock no longer in race for over $10 billion Aramco pipeline stake - sources

U.S. asset manager BlackRock and Canada's Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco's pipeline business, two sources familiar with the deal said.

S&P 500 edges up to touch record for fourth day

NEW YORK (Reuters) -Wall Street was little changed on Tuesday, with the Dow easing but the S&P 500 inching up to hit a record high for a fourth consecutive session, buoyed by more strong U.S. economic data.

Wall Street takes a pause, Treasury yields dip, focus on Fed

NEW YORK (Reuters) -U.S. stocks struggled to build on the prior session's record closing highs and Treasury yields edged lower on Tuesday as investors digested recent upbeat data and looked to the Federal Reserve for its economic outlook.

Goldman bought 75 million pounds of Deliveroo shares to prop up IPO price: FT

Goldman Sachs Group Inc bought 75 million pounds ($104 million) worth of shares in food delivery group Deliveroo to prop up trading after an underwhelming market debut, the Financial Times reported on Tuesday, citing two people with direct knowledge of the matter.

Credit Suisse's investment banking to be scrutinized by new chairman: CEO

The structure of Credit Suisse's investment bank will be scrutinised closely by incoming chairman Antonio Horta-Osorio, CEO Thomas Gottstein told a newspaper, as the bank aims to boost risk management after billions in losses on U.S fund Archegos.

Carnival says not taking stance on mandatory COVID-19 vaccinations for travelers

Carnival Corp, the world's largest cruise operator, is currently not taking a position on mandatory COVID-19 vaccinations for passengers before traveling, a company spokesman told Reuters on Tuesday.

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