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Victoria’s Secret is slimming down — and Wall Street likes the new look. The lingerie giant’s corporate parent L Brands saw a 10-percent stock surge on Thursday after Victoria’s Secret said its shuttering more than 20 percent of its stores this year — or about 250 locations in the US and Canada — as its …
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Moderna is selling $1.3 billion in stock to help fund its promising new coronavirus vaccine. The biotech firm announced plans to sell 17.6 million shares priced at $76 apiece in a public offering that’s expected to close around Thursday. Net proceeds from the offering will cover costs related to the manufacturing of Moderna’s COVID-19 vaccine …
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Sen. Kelly Loeffler gave the feds records related to her stock trades amid questions about sales she made before the coronavirus hammered global markets, according to reports. The Georgia Republican forwarded documents to the US Department of Justice, the Securities and Exchange Commission and the Senate Ethics Committee, her office told media outlets in a …
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US stocks rebounded from an early selloff Thursday as investors assessed how long it will take for the economy to recover from the coronavirus. The Dow Jones industrial average dropped as much as 458.35 points, or 1.9 percent, to 22,789.62, following its 500-point tumble on Wednesday. But rallying financial stocks helped the blue-chip index claw …
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The US has its eye on Chinese companies listed on American stock exchanges amid an escalating trade dispute with Beijing, President Donald Trump said. The feds are “looking at” the idea of forcing Chinese firms to follow US accounting rules if they want to trade on the New York Stock Exchange or Nasdaq markets, Trump …
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The S&P 500 and Dow Jones Industrials gave back some of last week’s gains on Monday, as investors worried about the possibility of a second wave of coronavirus infections with the reopening of several economies. Germany and South Korea reported a surge in new COVID-19 cases on Sunday, in an ominous sign for all countries …
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Sen. Kelly Loeffler received a seven-figure compensation package on the way out of her lucrative job at the New York Stock Exchange’s parent company, a new report says. The Georgia Republican received more than $9 million in stock and other awards when she left Intercontinental Exchange, where her husband is the CEO, The New York …
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Tesla’s meteoric stock growth on Monday qualified CEO Elon Musk for a $700 million payday, just three days after he tweeted that the share price was “too high.” The electric automaker’s 8 percent spike on Monday brought the company’s stock market value to an average of more than $100 billion over the past six months, …
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US stocks made a wobbly climb Tuesday as Wall Street weighed how the global economy will look once it emerges from its coronavirus-induced coma. The Dow Jones industrial average gave up an early 1.5 percent jump to trade up 115.80 points, or 0.4 percent, at 24,249.58 as of 2:13 p.m. That put the blue-chip index …
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The Federal Reserve’s policy-making committee meets this week, and there’s really not much left for it to do, other than to repeat previous messages about being there if the country needs it. I asked Greg McBride, chief financial analyst at Bankrate.com, to sum it up so I wouldn’t have to. “The Federal Reserve has cut …
Victoria’s Secret is slimming down — and Wall Street likes the new look. The lingerie giant’s corporate parent L Brands saw a 10-percent stock surge on Thursday after Victoria’s Secret said its shuttering more than 20 percent of its stores this year — or about 250 locations in the US and Canada — as its …
