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Wall Street

Facebook shares slip following news blackout move in Australia

Facebook shares slip following news blackout move in Australia

  • The move was in response to a planned Australian law that would require internet companies like Facebook and Google to reach commercial deals with news outlets.
  • Facebook has underlined to investors in recent years that it faces risks from moderation, copyright and commercial claims around the content users publish on the social network.
Published 18 Feb, 2021 05:31pm
Centene misses profit estimates on higher costs
Business & Finance

Centene misses profit estimates on higher costs

  • Centene also forecast 2021 adjusted profit between $5 and $5.30 per share, compared with Wall Street estimates of $5.24.
  • Centene raised its full-year revenue forecast range to $116.1 billion to $118.1 billion, from $114.1 billion to $116.1 billion.
Updated 09 Feb, 2021 11:32pm
Japanese shares rally
Markets

Japanese shares rally

TOKYO: Japanese shares ended more than 1% higher on Friday, following Wall Street's rally overnight, driven by ...
Published 06 Feb, 2021 04:06am
Japanese shares climb
Markets

Japanese shares climb

TOKYO: Japanese shares suffered their biggest drop in six months on Thursday, tracking Wall Street, weighed by...
Published 29 Jan, 2021 04:55am
Abbott profit beats on strong demand for COVID-19 tests
Business & Finance

Abbott profit beats on strong demand for COVID-19 tests

  • With the COVID-19 pandemic showing little signs of slowing, companies such as Abbott have benefited from a quick roll out of test kits.
  • Sales at its diagnostics business soared nearly 110% to $4.35 billion in the fourth quarter, nearly half of which came from COVID-19 tests.
Updated 27 Jan, 2021 11:24pm
Time to pause? Wall St grows wary of some stock bubbles
Markets

Time to pause? Wall St grows wary of some stock bubbles

  • Pockets of the market have recently demonstrated investor behavior consistent with bubble-like sentiment.
  • Elevated retail participation has contributed to soaring prices. Retail broker eToro told Reuters it registered more than 380,000 new users in the first 11 days of 2021.
Published 25 Jan, 2021 08:55pm
Wall St slips as IBM, Intel falter after results
Markets

Wall St slips as IBM, Intel falter after results

  • IBM hits two-month low on quarterly revenue miss.
  • Intel slips on avoiding outsourcing embrace.
  • Senate to vote on Yellen's Treasury secretary nomination.
  • Indexes: Dow down 0.54%, S&P falls 0.27%, Nasdaq flat.
Published 22 Jan, 2021 09:36pm