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EXXON SHARES JUMP AS ACTIVIST INVESTOR JEFF UBBEN JOINS THE BOARD
Exxon Mobil announced two board seat changes Monday, including activist investor and ESG proponent Jeff Ubben, in a sign that the company is confronting its uncertain future as the world moves toward cleaner energy and as investors shy away from oil stocks.
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.