Stock Market

S3 Partners Reports $14.3 Billion in Paper Profit for Shorting Global Banks in March

Analytics firm S3 Partners reports that short sellers made $14.3 billion in paper profit from their bearish bets on global…

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Ford to acquire EV battery materials plant in $4.5 billion deal

U.S. carmaker Ford has partnered with PT Vale Indonesia and China’s Zhejiang Huayou Cobalt to invest in a $4.5 billion…

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NtechLab Founders Resign Citing Concerns Over Company Projects in Russia

The co-founders of NtechLab, an artificial intelligence company, have stated that they resigned over disagreements with management and investors regarding…

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Disney’s Unexpected Move in Florida to Bypass DeSantis

Florida Board Considers Legal Action Over Disney’s Limitation of Authority The board overseeing Walt Disney World’s special taxation district in…

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Credit Suisse Found to Have Breached U.S. Tax Evasion Agreement, Senate Committee Reports

The U.S. Senate Finance Committee has found that Credit Suisse violated a 2014 plea deal with U.S. authorities. The Swiss…

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alls to Pause AI Grow Louder as Elon Musk and Others Warn of Societal Risks

A group of artificial intelligence experts and industry executives, including Elon Musk, have called for a six-month pause in the…

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Opening bell on Wall Street sees rise as banking crisis concerns ease

On Wednesday, Wall Street indexes increased due to a decline in worries about stress in the banking sector, and growing…

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Meta, Facebook’s parent company, reportedly planning to reduce bonus payouts for certain employees – WSJ

According to an internal memo cited by the Wall Street Journal, Facebook owner Meta Platforms Inc (NASDAQ:META) is set to…

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Banking sector stabilizes, leading to higher European stock futures

European stock markets are set to open higher on Tuesday as the region’s banking sector stabilizes. The DAX futures contract…

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Australian banks shift focus from global chaos to domestic profits

On Tuesday, Australia’s largest banks reassured investors that the country’s financial sector is unlikely to be affected by the turmoil…

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First Citizens to acquire majority of SVB loans; FDIC predicts $20 billion impact on insurance fund

First Citizens Bank has reached an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase most of the loan…

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Baidu cancels presentation of ChatGPT competitor, stock prices drop

On Monday, Baidu Inc, a Chinese internet company, canceled a planned livestream for the launch of its AI-driven chatbot, “Ernie…

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First Citizens to Acquire Defunct Silicon Valley Bank

First Citizens BancShares Inc has announced that it will acquire the deposits and loans of failed Silicon Valley Bank, marking…

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Coinbase: Other countries eager to fill US vacuum

Coinbase has stated that the U.S. government’s strict approach to regulating cryptocurrencies has opened the door for other countries to…

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Internet Archive’s digital book lending found to violate copyrights by U.S. judge

On Friday, U.S. District Judge John Koeltl ruled that the Internet Archive had infringed the copyrights of four major U.S.…

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CEO of Apple Commends China’s Innovation and Longstanding Partnership During Visit to Beijing

Apple CEO Tim Cook recently praised China for its rapid innovation and long-standing ties with the U.S. iPhone maker, according…

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“Surprise British Retail Sales Boost; European Stock Futures Dip”

Concerns over the banking crisis and slowing economic growth are expected to cause European stock markets to open lower on…

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Nikkei 225 falls 0.13% as Japanese stocks close trading

On Friday, Japan stocks were lower after the close due to losses in the Insurance, Pharmaceutical Industry, and Power sectors,…

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“What’s Driving the Markets: Yellen’s Views on Banks, Anticipated Rate Hikes, and SEC Crackdown on Crypto”

Global stock markets followed the U.S. down as investors focused on the conflicting guidance from Treasury Secretary Janet Yellen and…

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UK inflation rises before Fed rate decision; European stock futures show mixed signals

The opening of European stock markets is anticipated to be mixed on Wednesday as investors analyze U.K. inflation data and…

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