Finance
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IMF chief says its forecast that 170 global economies will shrink may be too optimistic
The International Monetary Fund sees GDP per capita shrinking across 170 nations due to the coronavirus pandemic, but the projection “may actually...
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409Ray Dalio, Adam Levinson, and other hedge fund bosses posted record losses in an ‘epically turbulent’ March
Reuters / Ruben Sprich Hedge fund managers including Ray Dalio and Adam Levinson suffered record losses in March as the novel coronavirus...
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The president of Stripe says the $36 billion payments company raised $600 million in fresh funding so it can keep hiring and growing despite the downturn: ‘We want Stripe to be able to keep investing’
On Thursday, online payments startup Stripe announced $600 million in new funding that values the company at $36 billion — up slightly...
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Morgan Stanley’s CEO says a global recession due to the coronavirus could last through 2021
Morgan Stanley CEO James Gorman told CNBC on Thursday that he thinks that “through the end of next year we’re going to...
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423Stocks edge higher as healthcare and tech rallies offset gloomy unemployment-claims data
Reuters / Lucas Jackson US stocks climbed on Thursday after weekly jobless claims were less dire than expected. A record 22 million...
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443Arcus Biosciences spikes 99% on reports of $10 billion Gilead partnership (RCUS)
Reuters Arcus Biosciences spiked as much as 99% in Thursday’s session after Bloomberg reported Gilead is in talks to invest in the...
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400Netflix has surged more than 20% this week to a record high amid Wall Street optimism
Netflix Netflix shares surged to a record high of $449 per share on Thursday after gaining roughly 20% through the week on...
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422Elliott Management says stocks could plunge another 39% from current levels, according to new report
REUTERS/Steve Marcus Stocks could fall 50% from February highs, Elliott Management wrote in a Wednesday letter to clients, Reuters reported Thursday. That...
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‘This is war time, I’m leading from the front’: The cofounder of profitable SoftBank unicorn OakNorth is drawing on his 2008 crisis experience to deal with the coronavirus
British fintech unicorn OakNorth has adjusted its services to adapt to the worldwide coronavirus pandemic. The startup’s cofounder, Rishi Khosla, was an...
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357Morgan Stanley’s first-quarter earnings plunged 30%, missing Wall Street’s forecasts
Andrew Burton/Getty Morgan Stanley posted first-quarter earnings on Thursday that fell short of Wall Street’s expectations. The bank’s net revenues slid 8%...