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REGN earnings call for the period ending March 31, 2021.
The S&P 500 and the Nasdaq were set to open near record highs on Tuesday as investors awaited cues from the Federal Reserve this week about whether a recent jump in inflation would prompt a sooner-than-expected tapering in monetary policy. Assurance from the Fed that rising prices, coupled with falling U.S. Treasury yields, are transitory have helped ease some concerns over inflation with all eyes turning to the central bank's statement at the end of its two-day policy meeting on Wednesday. The benchmark S&P 500, the blue-chip Dow Jones and the tech-stocks focused Nasdaq have gained 13.3%, 12.3% and 10%, respectively so far this year, largely driven by optimism about an economic reopening.
David Cumming, chief investment officer for equities at Aviva Investors, is to leave the firm, and other roles in the equity fund management team are also at risk, the fund management unit of the British insurer said on Monday. The shake-up follows the appointment in January of Mark Versey as Aviva Investors' chief executive officer. "We have taken the decision to focus our equities business on sustainable outcomes and core strategies where there is clear client demand, namely UK and global equities, while retaining sufficient coverage to support our multi-asset strategies," Aviva Investors said in an emailed statement.
LONDON (Reuters) -Britain's finance ministry has called on the European Union to open talks on financial services after the London Stock Exchange urged the bloc to avoid a retreat into protectionism. Britain left the EU in December, largely cutting off the City of London's financial services centre from the bloc. Banks and other financial firms that used London as a gateway to Europe have set up units in the EU to avoid disruption for EU clients.
Top news and what to watch in the markets on Tuesday, June 15, 2021.
The IRS unveiled the tool Monday for people who made too little to file a tax return.
You're living inside a giant piggy bank now — and have options for shaking out some cash.
The mall owner had to cut rents during the Covid-19 pandemic, keeping tenants out of bankruptcy but hurting its business.
Banking giant JPMorgan is sitting on a near half-trillion-dollar stockpile of cash, waiting to invest in higher rates in the coming months, instead of buying Treasurys or other securities, Chief Executive Jamie Dimon said Monday at a virtual banking conference.
Mario Ho Yau-kwan, the youngest son of the late Macau casino tycoon Stanley Ho Hung-sun, has set up a family office platform to help wealthy families tap opportunities in the fast-growing Greater Bay Area. Ho, 26, a maths whizz and the youngest finance graduate ever from the Massachusetts Institute of Technology, has launched MSI Finance Management Company (MSI). Ho, who is the co-founder and vice-chairman of MSI, has been joined by four other investors, including chairman Leo Kei and well-known
Shares of movie chain were aloft to start another week, with the company's stock headed sharply higher amid a social-media campaign to push it toward $60 a share.
EV Aircraft company Vertical Aerospace announced last week that they would go public via a SPAC merger.
(Bloomberg) -- Brazil is set to flood the world market with sugar as the transition to electric vehicles slashes demand for crop-based biofuels, according to a study led by an influential industry executive.Demand for ethanol, made mostly from sugar cane in Brazil, will likely start to decline in 2030 as EVs become more widespread, said Soren Jensen, the former chief operating officer of top sugar trader Alvean, who authored the study together with Mariana Perina Jirousek. That will leave miller
Mandatory Credit: Photo by STEPHANIE LECOCQ/POOL/EPA-EFE/Shutterstock (12072947bw) US President Joe Biden meets with NATO Secretary General Jens Stoltenberg (not pictured) during a NATO summit at the North Atlantic Treaty Organization (NATO) headquarters in Brussels, Belgium, 14 June 2021. The 30-nation alliance hopes to reaffirm its unity and discuss increasingly tense relations with China and Russia, as the organization pulls its troops out after 18 years in Afghanistan. NATO Summit in Brussel
If you recently started receiving Social Security benefits, here are three reasons you may be getting less than you expected.
Gaming hardware marker Corsair became the latest stock to get the meme treatment on Monday.
Below is a new list using the same criteria we used to pull this list of heavily shorted stocks during the Reddit/Robinhood mania in late January. The biggest short squeeze in the Russell 3000 appears to be Virgin Galactic Holdings Inc. (SPCE) which more than doubled in four weeks and was 27.82% sold short on June 11.
‘The pandemic sent my life back to the 1950s, as I had to cook, provide tech support and homeschool our child.'
The Indian rupee depreciated against the U.S. dollar for the fifth straight day on Monday as rising oil prices weighed on the currency despite strength in domestic equity markets.
Senseonics is flying as high short interest and a huge surge in social media mentions fuels another “Memic Monday.”
Goldman Sachs analyst Michael Lapides says energy- infrastructure stocks can gain as oil prices stay strong and companies are able to transport more fuel.