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By Andy Home LONDON (Reuters) – Donald Trump’s U.S. presidential election win has not sparked a repeat of the explosive rally which followed his unexpected victory in 2016. That coincided with a market that was heavily short of both futures and options and triggered a mass realignment of fund positioning.…
NEW YORK – Affirm Holdings Inc. (NASDAQ:) saw its shares soar more than 21% after the buy-now-pay-later company reported better-than-expected fourth-quarter results and provided upbeat guidance for the current quarter. The fintech firm posted an adjusted loss of -$0.14 per share for the quarter ended June 30, significantly narrower than…
By Mircely Guanipa, Deisy Buitrago and Marianna Parraga CARACAS/MARACAY, Venezuela (Reuters) – Over a hundred employees at Venezuela’s state oil company PDVSA, plus others in the oil ministry and parts of the public sector, have been forced to resign over their political views since last month’s disputed election, workers and…
By Jamie McGeever ORLANDO, Florida (Reuters) -Bond investors are by default pessimists and equity investors are naturally optimistic. But this market maxim doesn’t fully explain the seemingly wide chasm developing between the two camps’ views on the U.S. economy and looming interest rate cuts. Rates markets are currently pricing in…
As I stood on South Korea’s Hangang Bridge, cars whizzing by, I wondered: who thought putting a hotel suite here was a good idea?I was about to find out.Sky Suite Hangang Bridge opened in July. According to The Korea Herald, it’s the first hotel room perched atop a bridge in…
WASHINGTON (Reuters) – U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key business topics. TECH REGULATION As California attorney general, Harris sued eBay (NASDAQ:) in 2012, alleging anticompetitive hiring practices surrounding…
When my fiancé said he had a few days off from work at the end of May, we quickly planned a trip to Big Bend National Park.Summer was nearing, and I imagined the flowing waters of the Rio Grande against picturesque canyons, fields of desert cacti, and glorious mountain peaks…
By Toby Sterling and Nick Carey AMSTERDAM/LONDON (Reuters) -The European Commission has begun canvassing the region’s semiconductor industry for its views on China’s expanded production of older generation computer chips, two sources familiar with the matter told Reuters. The Commission, the EU executive, has sought feedback ahead of two voluntary…
