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June 9, 2021

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Nvidia revenue jumps 84% from last year as gamers demand graphics chips

CNBC
CNBC – For more and to sign up click here Jen-Hsun Huang, CEO, Nvidia David Paul Morris | Bloomberg | Getty Images Nvidia reported first quarter results for its fiscal 2022 on Wednesday, with sales growing 84% compared to last year. Earnings and sales both beat Wall Street expectations, but......

Lockdown snacking: Lots to munch on when PepsiCo reports results

Reuters
(Reuters) – Will people break their lockdown snacking habit once the pandemic eases? FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo GLOBAL BUSINESS WEEK AHEAD PepsiCo Inc’s results on Thursday will give investors a glimpse of how......

UK economy to return to pre-COVID-19 level around mid-2022: Reuters poll

Reuters
LONDON (Reuters) – Britain’s economy will be back to its pre-COVID-19 level around the middle of next year, according to economists in a Reuters poll who said unemployment would peak at 6.2% as 2021 draws to a close and the pandemic job support scheme ends. FILE PHOTO: The City of......

Latest on the worldwide spread of the coronavirus

Reuters
(Reuters) – India approved the use of the Russian Sputnik V COVID-19 vaccine, while England started to reopen its economy after three months of lockdown and Johnson & Johnson began delivering its single-dose vaccine to EU countries. FILE PHOTO: Workers look at the shipment of Russia’s Sputnik V vaccine against......

Analysis: Mexico vs Brazil: Populist presidents confound investors

Reuters
NEW YORK (Reuters) – When a left wing populist and a far-right lawmaker rose to power in Latin America’s two largest economies, investors thought they knew who was going to show them the money. FILE PHOTO: Brazil’s President Jair Bolsonaro looks on during a ceremony at the Sao Sebastiao neighbourhood......

Payments giant Stripe expands to Middle East with Dubai office

Reuters
FILE PHOTO: Stripe app logo is displayed in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration DUBAI (Reuters) – Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai, its first expansion into the Middle East region. Founded in 2010 by......

Global money market funds obtain highest inflows in 14 weeks – Lipper

Reuters
(Reuters) – Investments into money market funds surged to the highest this year in the week ended March 31, as investors favoured safety amid a fall in bond prices and fresh lockdowns in Europe, with the region grappling to contain a rising number of coronavirus infections. FILE PHOTO: Rolled Euro......

Suez canal ends shipping backlog: statement

Reuters
CAIRO (Reuters) – Suez Canal Authority (SCA) said that all 422 ships stranded by the grounding of the giant container ship Ever Given passed through the canal by Saturday, ending the backlog caused by the blockage. Reporting by Moamen Said Atallah; writing by Mahmoud Mourad; editing by John Stonestreet Source......

Suez Canal says close to clearing backlog after ship dislodged

Reuters
A container ship sails at the Suez Canal, in Ismailia, Egypt March 31, 2021. Suez Canal Authority/Handout via REUTERS CAIRO (Reuters) – The Suez Canal said on Friday it was close to clearing a backlog of shipping that built up when a giant container ship was grounded in the waterway.......

Robust U.S. employment growth expected in March, jobs deficit remains large

Reuters
WASHINGTON (Reuters) – U.S. employers likely stepped up hiring in March amid increased vaccinations and more pandemic relief money from the government, which would cement expectations for a boom that could push this year’s economic growth to the strongest since 1984. FILE PHOTO: Construction workers wait in line to do......

Take Five: Spring in the step

Reuters
1/ SPRING MEETINGS FILE PHOTO: International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas/File Photo Financial policymakers from around the globe are preparing to convene — virtually of course — for the springtime......

Big tech lifts equities as Biden rebuilding plan in focus

Reuters
By Herbert Lash, Tom Arnold NEW YORK/LONDON (Reuters) – The dollar hit a one-year high versus the yen and technology stocks led Wall Street and a key gauge of global equities higher on Wednesday, ahead of an announcement by President Joe Biden of a multitrillion-dollar plan to rebuild America’s infrastructure.......

Asian stocks poised for first monthly loss since Oct on bond rout

Reuters
SYDNEY (Reuters) – Asian stocks were on track for their first monthly loss since last October though markets were up on Wednesday and the U.S. dollar stood tall as investors focused on growing signs of a sure-footed global economic recovery. FILE PHOTO: Pedestrians wearing facial masks, following the coronavirus disease......

Turkey logs highest new coronavirus cases since beginning of pandemic

Reuters
ANKARA (Reuters) – Turkey has recorded 37,303 new coronavirus cases in the space of 24 hours, the highest number since the beginning of the pandemic more than a year ago, health ministry data showed on Tuesday. Turkish President Tayyip Erdogan gives a statement after a cabinet meeting in Ankara, Turkey,......

Ship swings back across Suez Canal before next tugging attempt, witness and source say

Reuters
A view shows the container ship Ever Given, one of the world’s largest container ships, after it was partially refloated, in Suez Canal, Egypt March 29, 2021. Suez Canal Authority/Handout via REUTERS SUEZ, Egypt (Reuters) – A giant container ship that was jammed across the Suez Canal and has been......

Gen X emerging from pandemic with firmer grip on America’s wallet

Reuters
WASHINGTON (Reuters) – Crammed between the cultural extremes of the baby boomers and the millennials, members of Generation X saw their wealth jump during the Trump administration and through the coronavirus pandemic as they hit their prime earning years during a record bull market for stocks. FILE PHOTO: U.S. currency......

Equities, oil prices surge as Suez Canal shutdown continues

Reuters
NEW YORK (Reuters) – Global equity benchmarks and oil prices jumped on Friday while safe havens such as the dollar and U.S. Treasuries dipped as hopes for a global economic recovery overshadowed the continued blockage of one of the world’s most vital shipping lanes. FILE PHOTO: People are seen outside......

Take Five: Quarter-end tug of war – Reuters UK

Reuters
Take Five: Quarter-end tug of war Reuters UK Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

Myanmar sees more protests as World Bank warns of economic slump

Reuters
(Reuters) – Myanmar anti-coup protesters staged more rallies on Friday after the military reportedly shot dead nine people a day earlier and as the World Bank warned the country’s economy could slump 10% this year due to the turmoil. University students and LGBT groups march against the ongoing coup in......

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