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Cisco forecasts profit below estimates, cites supply chain issues

Cisco Systems Inc (CSCO.O) on Wednesday cautioned that supply chain issues will linger through the end of 2021 and forecast…

5 years ago

Burry of ‘Big Short’ fame reveals large bearish bet against Tesla

The family office run by “Big Short” investor Michael Burry has disclosed a large bearish bet via options on Tesla…

5 years ago

London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair

The City of London's 'Golden Age' as Europe's financial capital is over following Brexit, but it will remain a major…

5 years ago

Walmart beats estimates for sales on stimulus spending boost, raises profit forecast

Walmart Inc (WMT.N) raised its full-year earnings forecast on Tuesday and beat estimates for same-store sales as it benefited from…

5 years ago

Asian shares push higher, dollar eases

Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections, while inflation jitters helped push…

5 years ago

Iliad signals weaker cash flow as it steps up 5G spending

Iliad flagged a cut in its free cash flow target for this year as the French telecoms group steps up…

5 years ago

Burry of ‘Big Short’ fame reveals $530 mln bet against Tesla

The family office run by “Big Short” investor Michael Burry has disclosed a short position against Tesla Inc (TSLA.O) worth more than…

5 years ago

Global stocks press pause, gold hits 3-mth high on inflation concerns

Global shares hit the pause button and gold briefly crested a three-month high as surging COVID-19 cases in some Asian…

5 years ago

Asia shares fall on worries over inflation, Fed outlook

Asian shares declined in early trade on Tuesday as Wall Street retreated on worries about accelerating inflation, prompting investors to…

5 years ago

ARK Innovation’s performance under pressure as tech stocks swoon

A rotation out of growth and technology stocks and a recent slide in shares of Tesla Inc (TSLA.O) are weighing on the…

5 years ago