TikTok's parent company ByteDance moves back into Hong Kong market

Blackstone weighed investment in TikTok-Microsoft bid: Gasparino Sources tell FOX Business’ Charlie Gasparino that it is unclear whether Blackstone will invest because its interest in any deal appears to be waning. The value of TikTok’s parent company, ByteDance, is reportedly under increasing pressure as it nears the forced sale or ban […]

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Why oil rich UAE is developing nuclear power

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (Business)The plunge in oil demand caused by the pandemic won’t fix the climate crisis. But it could force the oil industry to accelerate a shift away […]

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Goldman Slashes Quarterly Profit 85% With 1MDB Legal Charge

In this article Goldman Sachs Group Inc. boosted litigation reserves by $2.01 billion after agreeing with Malaysia to resolve probes into the U.S. bank’s role in a scheme to plunder the nation’s 1MDB investment fund. The additional provision cut the firm’s previously announced second-quarter profit by 85%, the bank said […]

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U.S. Stocks Fluctuate With Focus on Stimulus Bill: Markets Wrap

U.S. stocks fluctuated as investors weighed an uncertain outlook for economic stimulus and better-than-forecast jobs data. European stocks dropped on earnings disappointments and gold extended gains. The S&P 500 Index swung between modest gains and losses as investors looked for signals on whether lawmakers were making progress toward a coronavirus […]

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Goldman Says Time to Think About a Shift in Market Leadership

Investors should be “open-minded” about a possible shift in leadership across global markets in the months ahead, which could favor a cyclical rotation in stocks and a steeper yield curve, according to Goldman Sachs Group Inc. The increased probability of an approved vaccine by the end of November is underpriced […]

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Beyond Meat of sushi hooks onto $13.7 billion plant-based market

Impossible Foods CEO: Coronavirus spiking plant-based meat demand Impossible Foods founder and CEO Pat Brown on coronavirus accelerating retail sales of plant-based products. It’s sushi with a catch — no fish. Continue Reading Below A type of fish-free "tuna" that looks, tastes and mimics the texture of the real fish — minus […]

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