BAC

EXCLUSIVE Renault, Nissan, Mitsubishi will unveil their 2030 EV plan this week

EXCLUSIVE Renault, Nissan, Mitsubishi will unveil their 2030 EV plan this week

Launch over 30 battery-electric vehicles based on 5 platforms – sources Targets compact electric vehicles as cheap as petrol cars by 2025 – sources Jan 23 (Reuters) – Renault SA (RENA.PA), Nissan Motor Co and Mitsubishi Motors Corp (7211.T) plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of …

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Netflix’s grim forecast erases much of the stock’s pandemic gains

Netflix’s grim forecast erases much of the stock’s pandemic gains

The Netflix logo is seen on a television remote control, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register LOS ANGELES, Jan 20 (Reuters) – Netflix Inc dashed hopes of a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares tumbling nearly 20% …

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Bargain hunting buoys Wall Street after the Nasdaq correction

Bargain hunting buoys Wall Street after the Nasdaq correction

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York, U.S., December 3, 2021. REUTERS/Jeenah Moon/File Photo Join now for FREE unlimited access to Reuters.com Register Peloton tumbles after report suspends production Travelers up after reporting record quarterly profit Baker Hughes jumps on fourth-quarter earnings release Indices up: Dow …

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Morgan Stanley posts higher earnings, capping mixed quarter for big banks

Morgan Stanley posts higher earnings, capping mixed quarter for big banks

A booming market for transactions and strong demand for financial advice boosted Morgan Stanleyit is MRS 1.83% fourth-quarter results and helped the Wall Street company set a full-year earnings record. The bank posted a profit of $3.7 billion, up 9%, or $2.01 a share. Analysts had expected $1.94 per share, according to FactSet. Revenue rose …

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Covid-19, Endemic or Not, Will Still Make Us Poorer

Covid-19, Endemic or Not, Will Still Make Us Poorer

The prospect that Covid-19 is transitioning from pandemic to endemic has brought out the bulls on Wall Street. “Meaningful upside to our medium-term economic outlook,” writes Bank of America Corp. “A positive for risk assets,” says JPMorgan Chase & Co. A “silver lining” of the “highly infectious” Omicron variant, says BlackRock Inc. By “endemic,” they …

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Wall Street banks eye ‘new normal’ for trading revenue after two bumper years

Wall Street banks eye ‘new normal’ for trading revenue after two bumper years

A sign, Wall Street, is seen outside the New York Stock Exchange (NYSE) in New York, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton/File Photo Join now for FREE unlimited access to Reuters.com Register NEW YORK, Jan 19 (Reuters) – Wall Street banks expect trading revenue to settle at a “new normal” somewhere between pre-pandemic …

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Puerto Rico gets green light to end five years of bankruptcy

Puerto Rico gets green light to end five years of bankruptcy

Jan 18 (Reuters) – The judge overseeing Puerto Rico’s nearly five-year debt restructuring process has approved a debt adjustment plan designed to revitalize the Commonwealth’s economy and reduce its $135 billion in debt. U.S. District Judge Laura Taylor Swain approved the plan in an order filed Tuesday, ending nearly half a decade of litigation over …

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Wall St sinks as yields climb, financials plummet after Goldman failure

Wall St sinks as yields climb, financials plummet after Goldman failure

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York, U.S., December 3, 2021. REUTERS/Jeenah Moon Join now for FREE unlimited access to Reuters.com Register The Nasdaq ends down 9.7% from the Nov. 19 record close Goldman shares fall as earnings hit by weaker trading Benchmark US Treasury yields …

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