MSCI to Include Grab and Other 20 Securities to Primary Global Index
MSCI set to add Singaporean rider hailer Grab and 20 other stocks to its primary global index in a quarterly review, according to a report by MSCI on Wednesday. Eleven...
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SEC Eyes Stricter Reporting Rules for Private Equity, Hedge Funds
The US Securities and Exchange Commission is looking to mandate hedge funds and private equity firms to report their quarterly performance and fees implemented on investors, FT reported. The SEC...
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KFC, Taco Bell Operator Bottom Line Soars 74% in 2021
KFC and Taco Bell operator Yum! Brands Inc. posted a 74% increase in its net income for 2021 despite a decline in the last quarter of the year, the company...
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EQONEX Launches Bitcoin Dated Futures Offering
Cryptocurrency exchange EQONEX has rolled out Bitcoin Dated Futures with physical settlement in line with its product expansion efforts, the company announced in a statement. The offering will allow users...
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Bitcoin Trades More as Risk Asset as Bitcoin, US Stocks Move Together — BofA
Bank of America analysts stated that Bitcoin has traded increasingly as a risk asset rather than a perfect hold as an inflation hedge, according to a report by CoinDesk on...
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Alchemy Breaches Decacorn Status After Latest Funding Round
Web 3.0 development platform Alchemy has breached decacorn status after a $200-million funding round, Coin Telegraph reported. Alchemy’s latest funding round was attended by major investors who already backed its...
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Morgan Stanley Strategists Advice Investors to Maintain a Defensive Stance on Equities
Morgan Stanley expects US equities to decline further, and investors should hold a defensive position, according to a report by Markets Insider on Monday. Bank strategists, led by Michael Wilson,...
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Pfizer Earnings Surpass Estimates, Revenue Misses Target in Q4
Pfizer posted fourth-quarter earnings that topped analysts' estimates, but revenue fell short of expectations, according to a press release by Pfizer on Tuesday. Pfizer reported earnings per share of $1.08...
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Facebook, Instagram Could Pull Out of European Market Over Data Sharing Issues
Social media giant Meta warned of a possible Facebook and Instagram closure in Europe due to a dispute over data sharing, CNBC reported. The social media firm said it would...
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Tyson Foods Eyes $400-M Productivity Savings as Q1 Income More Than Doubles
American multinational corporation Tyson Foods Inc. targets up to $400 million in productivity savings this year after more than doubling its net income in the first quarter, the firm announced...
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BlackRock Debuts on TikTok in a Bid to Appeal to Younger Investors
BlackRock Inc, the world’s largest money manager, is the latest financial giant to try to appeal to younger investors on TikTok, according to a report by Bloomberg on Friday. The...
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Pinterest Stocks Jump Almost 20% on Q4 Results Beating Expectations
Image sharing and social media giant Pinterest, Inc posted better-than-anticipated results for Q4, driven by growth in revenues, according to a press release by Pinterest on Thursday. Pinterest posted quarterly...
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