Tag: Markets

Activist investor Jeff Ubben to join Exxon Mobil’s board

Activist investor Jeff Ubben will join Exxon Mobil’s board of directors, the company said Monday. Exxon shares jumped 4% after CNBC’s David Faber first reported the shake-up. Mike Angelakis, the chairman and chief executive officer of Atairos and former CFO of Comcast, will also join the oil giant’s board of directors. The move comes as […]

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Sterlite bags $100M deals from major telcos in Middle East and Africa, takes order book at highest-ever

Sterlite Technologies on Monday announced major new deals and extensions to current engagement with leading telcos in the Middle East and Africa region (MEA). The deals worth more than $100 million take STL’s order book to a record high of Rs 11,300 Crores and exhibit the company’s unwavering focus on building future-ready digital networks in […]

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Private companies such as SpaceX are driving costs down for everyone in the space race, says man behind UFO ETF

Private space companies are paving the industry’s path to profits, says the man behind the Procure Space ETF (UFO). By taking part in the rapidly developing “space race,” billionaire-backed entities such as Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin are lowering costs across the board, ProcureAM CEO Andrew Chanin told CNBC’s “ETF Edge” this […]

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Cramer’s week ahead: February jobs report could trigger a ‘tsunami of selling’

CNBC’s Jim Cramer said that he was encouraged by the trading activity he saw in tech and growth stocks as the market on Friday continued to grapple with fears that inflation is on the rise. He warned, however, that investors should be prepared for how the market may respond to the February labor report set […]

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Warren Buffett’s highly anticipated annual letter arrives Saturday. Here’s what to watch for

Warren Buffett. Gerald Miller | CNBC The world is about to hear from Warren Buffett for the first time in nine months, and the legendary investor could make a wave of headlines. The 90-year-old chairman and CEO of Berkshire Hathaway is set to release his annual shareholder letter Saturday morning along with the conglomerate’s quarterly earnings. […]

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Britain should overhaul listings to boost its $15 billion fintech sector post-Brexit, review says

Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — The U.K. should reform listings rules and visa applications to help its £11 billion ($15.3 billion) fintech sector thrive after Brexit, a government-commissioned review said Friday. Britain is one of the leading players in fintech […]

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HCL Tech board approves US-based arm HCL America’s proposal to issue $500M notes

HCL Technologies board approves wholly-owned subsidiary, HCL America’s proposal for issuance of USD denominated fixed-rate, senior unsecured notes aggregating to an amount not exceeding USD 500 million (“Notes”). In its regulatory filing, HCL Tech said that the  Board of Directors of the Company in its meeting held on February 25, 2021, has granted its approval […]

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