Baillie Gifford has reduced its position in Tesla to below 5% but said it intends to „remain significant shareholders for many years ahead.“
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DraftKings shares surge 8% after Michael Jordan joins betting company as board advisor
Shares of DraftKings jumped 8% on Wednesday after the company said Michael Jordan is joining the betting company as a special advisor.
Stocks making the biggest moves in the premarket: Macy’s, H&R Block, Peloton, Exxon & more
The stocks making the biggest moves in premarket trading include Macy’s, H&R Block, Peloton, Exxon, and more.
Tesla’s largest outside shareholder cuts holding, citing portfolio restrictions on surging stock
Baillie Gifford has reduced its position in Tesla to below 5% but said it intends to „remain significant shareholders for many years ahead.“
U.S. financial firms like Citi and BlackRock make inroads into the Chinese market
Citi says has become the first U.S. bank to receive a domestic fund custody license from the Chinese regulator, while New York-based global asset management giant BlackRock gained approval last month to establish a local subsidiary.
Swiss regulator starts enforcement proceedings against Credit Suisse over spying scandal
Swiss watchdog FINMA said Wednesday it had initiated enforcement proceedings against Credit Suisse over the spying affair that came to light last year.
China’s baby boomers are set to retire, triggering a sharp shift in health-care trends
A massive cohort of baby boomers in China will be retiring in the coming years are spending in ways that are different compared to today’s retirees, according to a Credit Suisse report.
Macy’s swings to a loss, but shares rise as stronger-than-expected online growth boosts sales
Macy’s said its second-quarter digital sales were up 53% from a year ago.
ForexLive European FX news wrap: Dollar firms as pullback continues, equities rally
Forex news from the European trading session – 2 September 2020
Headlines:
– USD leads, AUD and EUR lag on the day
– European equities higher; E-minis up 0.6%
Headlines:
– USD leads, AUD and EUR lag on the day
– European equities higher; E-minis up 0.6%
Dollar continues to firm ahead of North American trading
The greenback leads gains in the major currencies space
Stocks are up on the day but the dollar is also up as the pullback momentum from yesterday extends into the new trading day today. The dollar held its ground in early European trading but is gradually pushing higher now as we look towards US trading.
Stocks are up on the day but the dollar is also up as the pullback momentum from yesterday extends into the new trading day today. The dollar held its ground in early European trading but is gradually pushing higher now as we look towards US trading.