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THOMSON REUTERS RESHAPES CORPORATE STRUCTURE FOR POST-PANDEMIC WORLD
Thomson Reuters Corp reported higher sales and operating profits and said it would reshape its corporate structure for a post-pandemic world, closing offices, streamlining technology and relying more on artificial intelligence and machines.
HSBC PAYS DIVIDENDS AGAIN AFTER BEATING ESTIMATES ON 2020 PROFIT
HSBC on Tuesday reported full-year earnings for 2020 that beat expectations and announced a dividend payout for the first time since the Covid-19 pandemic. Europe’s largest bank by assets, which makes most of its revenues in Asia, said its reported profit before tax for 2020 fell 34% from a year ago to $8.78 billion. That beat analyst expectations of $8.33 billion, according to estimates compiled by HSBC.
NASDAQ FALLS 2% AS TECH SELL-OFF CONTINUES, DOW TRADES OFF LOW ON POWELL
Tech shares dropped for a second day on Tuesday in the face of higher interest rates and a rotation into stocks more linked to the economic comeback. Of the three major indexes, the Nasdaq Composite suffered the worst of the losses and traded down by 2.3%. The move during the session pushed it below its 50-day moving average, a key technical indicator, for the first time since Nov. 3.
JPMORGAN INVESTS IN PRIVATE STOCK TRADING VENUE WITH PALANTIR LINK AMID DEMAND FOR PRE-IPO SHARES
JPMorgan Chase is taking a stake in a private stock trading platform with links to Palantir to boost the bank’s efforts to connect buyers and sellers of hot pre-IPO company shares, CNBC has learned.