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Daily Archives: March 2, 2021

Nike’s North American Head Resigns After Tennis Shoe Resale Story

Bloomberg (Bloomberg)– The booming U.S. housing market has financiers sprinting to companies that use innovation to assist Americans purchase and sell homes, unleashing a wave of blank-check mergers, acquisitions and now an initial public offering.Compass, the eight-year-old realty brokerage led by previous Goldman Sachs Group Inc. lender Robert Reffkin, submitted …

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American manufacturing is roaring back: Morning Brief

Get the Early morning Quick sent out directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 2, 2021 Manufacturing activity surges to a three-year high The U.S. financial recovery continues to be led by manufacturing. On Monday, IHS Markit and the Institute for Supply …

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C3.ai Slides as First Revenues Report as Public Company Disappoint

C3.ai (AI) – Get Report was falling Tuesday after the artificial intelligence software service provider published a-wider-than anticipated loss in its first report as a public company. Shares of the Redwood City, Calif. business were dropping 10.4% to $108.50 in premarket trading. C3.ai reported a loss of 23 cents a …

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Jack Dorsey’s Square Commences Operations As An Industrial Bank

Bloomberg (Bloomberg)– U.S. manufacturing expanded in February at the fastest speed in three years and a gauge of products expenses accelerated the most given that 2008 as supply shortages challenge the industry.A gauge of factory activity increased to 60.8 from 58.7 a month previously, according to Institute for Supply Management …

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Hertz to Sell to Knighthead, Certares in Strategy to Exit Insolvency

Bloomberg (Bloomberg)– As interest-rate jitters supercharged a crisis on the planet’s biggest bond market, Sam Sicilia barely blinked.”The marketplaces are incorrect” about inflation expectations, said Sicilia, chief investment officer of the A$ 56 billion ($43 billion) Host-Plus Pty pension fund in Melbourne. “Deflationary forces are larger. Rate of interest are …

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Wall Street Bullishness Is Becoming a Contrarian Offer Signal

(Bloomberg)– Stock market optimism among Wall Street strategists has risen near levels that signified problem for equities in the past. A Bank of America procedure of their bullishness is near a level that historically has been bearish for stocks. The gauge assesses the typical recommended allotment to equities by sell-side …

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