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European shares become higher as they improve the economic data that offset the bank’s results

Traders wearing face masks ride in a tram past the HSBC signaling outside the bank’s local headquarters in Hong Kong on April 28, 2020. anthoni wallace / Agence France-Presse / Getty Images European stocks returned higher on Monday after early losses, as improved economic data helped offset disappointing results for HSBC Holdings and Société Générale. Increased by 1.1% in July, …

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Asian markets mixed as growth data dispelled fears

Asian stocks mingled on Monday as investors watched closely for coronavirus cases in the region. U.S. Secretary of State Mike Pompeo weekend comments that President Donald Trump plans to take action on what he sees as a broad set of national security threats posed by software linked to the Chinese Communist Party, adding to the market. Pompeo’s remarks followed reports …

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Boeing to stop production of 747 jumbo jets in 2022

Watch CBSN Live Boeing assembled its first 747s at its Everett, Washington, plant in 1968. The jumbo aircraft quickly revolutionized air travel around the world. But his days are numbered. Kris Van Cleave reports. All rights reserved © 2020 CBS Interactive Inc. Source link

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Profits of Societe Generale Q2 2020

The headquarters of the French bank Societe Generale in Paris. Chesnot | News Getty Images | Getty Images Societe Generale reported a net loss of 1.26 billion euros ($ 1.48 billion) for the second quarter of the year, losing market expectations as the bank set aside more capital due to the pandemic and reduced the value of its trading business. …

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HSBC profits plunge 65% as the pandemic continues to fade its business

The London-based lender said pre-tax profit in the first half of the year fell 65% to $ 4.3 billion compared to the same time last year as revenues fell and credit losses were worse than expected. “Our first-half performance was affected by the Covid-19 pandemic, falling interest rates, rising geopolitical risk and rising levels of market volatility,” CEO Noel Quinn …

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Apple is now the most valuable publicly traded company in the world

Apple is now the most valuable company in world trade, surpassing the state-owned oil company in Saudi Arabia Aramco. While close to business on Friday, Apple has a market valuation of $ 1.84 trillion, while Saudi Arabia Aramco is $ 1.76 trillion, according to CNBC. Apple stock, which has been on a mostly steady climb since the end of March, …

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Senators worried about the post office could disrupt the November vote

Post workers prepare mail for delivery at Kilbourn Park Post Office on May 09, 2020 in Chicago, Illinois.picture: Scott Olsen (Getty Images) Democratic senators warned Friday that controversial changes to U.S. Postal Service procedures have raised concerns in Washington about the timely delivery of mail-to-mail votes ahead of the November election. Earlier this month, Postmaster General Louis DeJoy approved a …

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Why Apple stock rose to a new height of all time

What happened Shares of apples (NASDAQ: AAPL) surpassed 10.5% to a close of $ 425.04 on Friday, following the company’s third-quarter earnings results. And what Despite a host of coronavirus-related challenges, Apple’s revenue jumped 11% year-on-year to $ 59.7 billion. The tech giant’s profit growth was even more impressive. Its earnings per share rose to 18%, to $ 2.58. Wall …

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