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Markets

Daimler 2020 operating profit beats guidance and forecasts

Daimler said on Thursday that it posted a strong fourth quarter, resulting in better-than-expected 2020 group operating profit.

Markets

With vaccinations rising, US economy remains in the waiting room

U.S. policymakers are touting the gradual rise in the number of people who have received a coronavirus vaccination as the beginning of the end of the economy's fight with the pandemic, but real-time data suggests the awaited rebound is still at the starting line.

Markets

Apple’s Tim Cook criticises social media practices, intensifying Facebook conflict

Apple Inc Chief Executive Officer Tim Cook on Thursday criticized polarization and misinformation on social media, intensifying a conflict between the iPhone maker and Facebook Inc.

Markets

Power to the players: Wall Street levels up in Reddit rally

Wall Street was contemplating big wins from the Reddit-fueled retail frenzy in stocks such as GameStop on Thursday, even though many hedge funds in its ranks were nursing losses.

Markets

“GameStop effect” could ripple further as Wall Street eyes short squeeze candidates

The clash between retail traders and Wall Street professionals that sparked roller coaster rides in the shares of GameStop Corp may pose a risk to dozens of other stocks and potentially create a headache for the broader market, analysts said.

Markets

Wall St. jumps on big-tech strength, short squeeze worries ease

Wall Street's main indexes jumped on Thursday as mega-cap technology stocks tried to regain lost ground following a sharp sell-off after fears eased around hedge funds selling off long positions to cover a short squeeze.

Markets

Beyond Reddit, day traders turning social media platforms into squawk boxes

Social media chatrooms are beginning to resemble the squawk boxes on old-fashioned trading floors, as a new generation of retail traders continues to gain influence over the stock market.

Markets

US economy shrank 3.5% in 2020 after growing 4% last quarter

US economy shrank 3.5per cent in 2020 after growing 4per cent last quarter

Markets

Here’s what Facebook’s oversight board says the company should do

Facebook Inc's independent oversight board made its first binding decisions on Thursday, overruling the company's actions in four of the five cases it reviewed. https://www.oversightboard.com/news/165523235084273-announcing-the-oversight-board-s-first-case-decisions

Markets

Elon Musk’s Cyberpunk approval helps lift video games maker CD Projekt further

Video games fan Elon Musk gave shares in Polish games producer CD Projekt a further boost on Thursday after the company's update of its flagship game prompted short sellers to close positions earlier in the week.

Markets

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