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Abercrombie's Q1 sales surge
Thu, 27 May 2021 06:13:32 GMT
 
Abercrombie & Fitch reported a 61% surge in its Q1 sales, beating analysts' estimates, driven by the store openings as well as its boosted online business. >>
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PayPal to allow withdrawals to crypto wallets
Thu, 27 May 2021 04:51:35 GMT
 
PayPal Holdings announced its plans to allow the platform's users to withdraw cryptocurrency to third party wallets. >>
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ZipRecruiter gets $2.7B valuation
Thu, 27 May 2021 04:28:29 GMT
 
Online job marketplace ZipRecruiter was valued at $2.7B in its NYSE debut on Wednesday, as its shares grew more than 10% on investors' optimism about job growth. >>
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Ford to spend $30B on EV development
Thu, 27 May 2021 03:28:02 GMT
 
Ford stated during an investor day that it will spend $30B on EV development, including battery development, by 2025. >>
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Amazon to buy MGM for $8.5B
Wed, 26 May 2021 20:50:36 GMT
 
Amazon.com is set to buy MGM, the US movie studio, for $8.45B, giving it a large film and TV show library and increasing competition with streaming services, including Netflix. >>
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Portugal gets 2.4B euro support
Wed, 26 May 2021 20:32:16 GMT
 
Portugal received over €2.41B from the European Union to mitigate unemployment risks amid the COVID-19 pandemic. >>
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Wall Street's main indexes edge higher
Wed, 26 May 2021 19:02:38 GMT
 
On Wednesday, US stocks edged higher after remarks from the Federal Reserve. At 9:40 a.m. ET, the Dow Jones Industrial was up by 0.16%, the S&P 500 surged by 0.15% >>
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WhatsApp files lawsuit against Indian government
Wed, 26 May 2021 18:04:38 GMT
 
On Wednesday, WhatsApp sued the Indian government in a bid to stop the new rules that would require the company to trace users' encrypted messages. >>
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Bitcoin climbs back above $40,000
Wed, 26 May 2021 17:02:13 GMT
 
Bitcoin, the largest cryptocurrency by market capitalization, edged higher as much as 6.5% to $40,904 on Wednesday. >>
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Vision Fund 2 leads new investment
Wed, 26 May 2021 16:02:18 GMT
 
SoftBank Group's Vision Fund 2 led a $775M investment in Perch, the technology company that operates and acquires third-party brands, which offer their products on Amazon.com. >>
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Facebook to allow hiding likes
Wed, 26 May 2021 15:30:59 GMT
 
Facebook's Instagram has rolled out an option for users worldwide to hide "Likes" on their posts, planning the further launch on Facebook following years of tests aimed at easing the >>
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Nasdaq seeks removing listing restriction
Wed, 26 May 2021 14:23:31 GMT
 
On Wednesday, Nasdaq called on US regulators to remove the restriction that limits the amount of money firms can attract via direct listings on the stock market exchange. >>
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Capri Holdings sees further sales growth
Wed, 26 May 2021 13:23:45 GMT
 
On Wednesday, Michael Kors parent Capri Holdings is expecting its full-year profit and revenue to top Wall Street estimates, as shoppers to the US stores following the rapid vaccinations and >>
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Ford raises EV spending
Wed, 26 May 2021 12:16:51 GMT
 
On Wednesday, Ford Motor unveiled its plans to boost electric vehicle spending by over a third, aiming to have 40% of the global volume all-electric by 2030. >>
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Xiaomi posts 55% jump in Q1 revenue
Wed, 26 May 2021 11:30:21 GMT
 
Xiaomi, the Chinese smartphone maker, reported a 55% surge in its Q1 revenue on Wednesday, beating analysts' forecasts, as it had nabbed a market share from Huawei Technologies, the one-time >>
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