Monday, 12 April 2021

Stocks slip from record peaks before earnings reports

Stocks slip from record peaks before earnings reports

The dollar fell slightly on Monday and a gauge of global equity markets slid from record highs last week as investors wait to see whether an expected jump in U.S. earnings will justify stock prices already trading at very high premiums.

U.S. senator wants to ban Big Tech from buying anything ever again

U.S. Senator Josh Hawley, a Republican who has been a staunch critic of Big Tech, said on Monday he has introduced a bill that would ban all mergers and acquisitions by any company with a market value greater $100 billion, a category that includes the five biggest U.S. tech companies.

Wall Street ends lower as investors await earnings, inflation data

The S&P 500 and Dow Jones industrial average ended lower on Monday, with investors waiting for cues from the upcoming corporate earnings season and a key inflation report later this week.

Credit Suisse cuts bonuses following Archegos loss: FT

Credit Suisse Group AG has cut bonuses for its staff by hundreds of millions of dollars after it lost $4.7 billion from the collapse of hedge fund Archegos Capital, the Financial Times reported on Monday.

Brooklyn man pleads not guilty to using Bloomberg reporter's information for insider trading

A Brooklyn man pleaded not guilty on Monday to insider trading charges, after prosecutors accused him of using information from a Bloomberg News reporter about certain deals to trade.

Shake-up at Airbus as defence and technology chiefs quit

PARIS (Reuters) -Airbus on Monday announced the biggest shake-up in its top ranks since Chief Executive Guillaume Faury took the helm two years ago, sparked by the departure of two key executives.

China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group

China has imposed a sweeping restructuring on Jack Ma's Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing's determination to rein in its internet giants.

White House zeros in on chip shortage in meeting with company officials

WASHINGTON (Reuters) -U.S. President Joe Biden told a meeting with executives from major companies to discuss the global chip shortage on Monday that he has bipartisan support for legislation to fund the semiconductor industry.

Nvidia expects first-quarter sales to exceed $5.3 billion

(Reuters) -Nvidia Corp's first-quarter revenue will be above its earlier forecast of $5.3 billion, the chipmaker said on Monday, as it benefits from strong demand for chips that power data centers and cryptocurrency mining.

Exclusive: Goldman risk group examines 2021 market events for lessons - sources

Goldman Sachs Group Inc executives are examining how well the bank navigated several major market events this year that caused extreme volatility, people familiar with the matter told Reuters.

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