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July 1, 2022

turmoil

Walgreens abandons Boots sale after market turmoil

BBC
https://www.bbc.co.uk/news/business-61966202?at_medium=RSS&at_campaign=KARANGA Rosalind Brewer, chief executive of Walgreens Boots Alliance, said: “We have now completed a thorough review of Boots and No7 Beauty Company, with the outcome reflecting rapidly evolving and challenging financial market conditions beyond our control.” BBC – For more and to sign up click here To Return to......

Norway’s sovereign fund eyes long-term profit from market turmoil

Reuters
A general view of the Norwegian central bank, where Norway’s sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche Register now for FREE unlimited access to Reuters.com Register OSLO, June 21 (Reuters) – The recent turmoil in global financial markets represents an opportunity for Norway’s $1.2......

Yellowstone floods leave nearby homeowners in economic turmoil

CBS News
CBS News – For more and to sign up click here Yellowstone floods leave nearby homeowners in economic turmoil – CBS News Watch CBS News The catastrophic flooding in Yellowstone has left nearby residents and businesses with the daunting task of recovery. Many of those affected say they don’t have......

Yellowstone floods leave nearby homeowners in economic turmoil

CBS News
CBS News – For more and to sign up click here Yellowstone floods leave nearby homeowners in economic turmoil – CBS News Watch CBS News The catastrophic flooding in Yellowstone has left nearby residents and businesses with the daunting task of recovery. Many of those affected say they don’t have......

Coinbase to cut 1,100 jobs amid crypto turmoil

Reuters
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton/File Photo Register now for FREE unlimited access to Reuters.com Register June 14 (Reuters) – Cryptocurrency exchange Coinbase Global......

1980s-era rate hikes designed to fight inflation will create more market turmoil, Canaccord’s Tony Dwyer predicts

CNBC
CNBC – For more and to sign up click here Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “Typically, I’ve been bullish over the years. But there’s a money availability......

Biden moves to ease trade turmoil threatening his solar energy ambitions

Politico
Politico.com – For more and to sign up click here Just the initiation of the probe in March and the threat of potential retroactive tariffs has caused widespread project cancellations and delays. The White House has faced pressure from both parties to take action to stem fallout from the probe,......

Melvin Capital says it’s winding down funds and returning money to investors during market turmoil

CNBC
CNBC – For more and to sign up click here Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital Management, the hedge fund burned by......

EQT pushes back Galderma IPO plans amid market turmoil – sources

Reuters
A Swiss flag is pictured on the Federal Palace (Bundeshaus) in Bern, Switzerland December 7, 2018. Picture taken December 7, 2018. REUTERS/Denis Balibouse/ Register now for FREE unlimited access to Reuters.com Register LONDON, May 13 (Reuters) – EQT (EQTAB.ST) is delaying listing plans for its $22 billion skincare firm Galderma......

Retail investors are continuing to buy the dip in tech despite recent turmoil, says TD Ameritrade

CNBC
CNBC – For more and to sign up click here Retail investors have continued to buy the dip in the recent market turmoil, even liking tech despite the sector rout, according to brokerage TD Ameritrade’s AJ Kahling. “Our indicators, TD Ameritrade [Investor Movement Index], just came out this morning indicating......

Don’t panic? Strategists give reasons to stay invested despite market turmoil

CNBC
CNBC – For more and to sign up click here Global stocks have endured a bruising week, and a difficult year so far, but some strategists believe the recent sell-off is unlikely to pave the way for a market capitulation. The S&P 500 closed Monday’s trade down more than 16%......

Goldman Sachs is shrinking its SPAC business amid regulatory crackdown and market turmoil

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York, May 9, 2022. Brendan McDermid | Reuters Goldman Sachs is scaling back its business in the once red-hot SPACs as blank-check deals got caught in......

Jim Cramer says to buy selectively and be curious to beat the current market turmoil

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Thursday said that investors looking to successfully navigate a market roiled by inflation, geopolitical concerns and Covid should do two things: buy discriminately and be inquisitive. “It’s hard to be curious. … But over the long-haul,......

Column: Vanishing LME shadow stocks add to metals market turmoil: Andy Home

Reuters
LONDON, April 13 (Reuters) – The total amount of registered metal in the London Metal Exchange’s (LME) global warehouse network fell below 1 million tonnes in March. Exchange stocks of aluminium, copper, lead, nickel, tin and zinc haven’t been this low since the last century. The visible clear-out has been......

Social turmoil is Sri Lanka’s biggest risk, ex-World Bank official says of economic crisis

CNBC
CNBC – For more and to sign up click here Sri Lanka faces a “dangerous situation” with continuing social unrest and must avoid a “disorderly default,” the former chief economist of the South Asia regions at the World Bank, Shanta Devarajan told CNBC Friday. Shortages of food and fuel, along......

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