By Devika Krishna Kumar NEW YORK (Reuters) – Oil prices extended losses to a second day on Tuesday after OPEC and its allies left markets in limbo by postponing a formal meeting to decide whether to lift output come January. Brent...
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VW seeks to avert crisis after CEO demands confidence vote
By Jan Schwartz and Edward Taylor FRANKFURT (Reuters) – Volkswagen’s top committee on Tuesday avoided discussing a potential contract extension for Chief Executive Herbert Diess in a bid to defuse a looming leadership crisis...
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S&P 500, Nasdaq end at record highs on vaccine optimism
By Noel Randewich (Reuters) – The S&P 500 and Nasdaq Composite indexes closed at record highs on Tuesday, with investors betting a COVID-19 vaccine will be available soon, and more confident about a speedy economic recovery...
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Dollar plummets on U.S. stimulus hopes; bitcoin hits all-time peak
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Tuesday to its lowest level in more than 2-1/2 years, as investors’ appetite for risk increased on prospects of further fiscal stimulus from the United States...
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Airbnb aims for $35 billion valuation in long-awaited IPO
By Anirban Sen, Joshua Franklin and Chibuike Oguh (Reuters) – Airbnb Inc said on Tuesday it is aiming for a valuation of up to $34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes...
READ MOREHedge fund veteran launches impact firm with former Jana, BlackRock executives
By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge fund industry veteran Chris James, who co-founded technology oriented Andor Capital nearly two decades ago, is launching a new firm that will focus on impact investing at a time these...
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