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Sell the day and go away? U.S. stock returns come overnight

NEW YORK (Reuters) – Mornings have been lacking in joy this month for investors seeking returns in U.S. stocks.FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. […]

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Japanese chipmaker Kioxia shelves $3.2 billion IPO amid U.S.-China tensions

TOKYO (Reuters) – Kioxia Holdings Corp, the world’s second-largest maker of flash memory chips, on Monday shelved plans for what would have been Japan’s largest initial public offering (IPO) this year, as U.S-China tensions cloud the global chip market. Kioxia, previously known as Toshiba Memory, had planned to list on the Tokyo Stock Exchange on Oct. 6, offering up to […]

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Australia's Piedmont signs lithium ore supply deal with Tesla, shares surge

FILE PHOTO: The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson(Reuters) – Piedmont Lithium PLL.AX on Monday said it signed a five-year deal with Tesla Inc TSLA.O to supply high-purity lithium ore mineral to the U.S. electric carmaker, prompting an 83% surge in the Australian lithium miner’s shares. The initial five-year […]

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K-Pop group BTS' label Big Hit Entertainment prices IPO at top of range

FILE PHOTO: Band BTS performs during the 2020 MTV VMAs in this screen grab image made available on August 30, 2020. VIACOM/Handout via REUTERS /File PhotoSEOUL (Reuters) – Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, priced its initial public offering (IPO) at top of its range on Monday, in South Korea’s largest listing […]

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Asia-Pacific markets edge higher; China's industrial profits rise in August

China's industrial profits rose 19.1% in August, the country's National Bureau of Statistics announced over the weekend. Europe is now facing the prospect of a double-dip recession as it grapples with a coronavirus second wave. Over in the U.S., new daily coronavirus cases topped 1,000 in New York state on Saturday — the first time new infections in the state passed the […]

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The missing grandparents: families mourn elder generation lost to COVID-19

(Reuters) – Mel Solomon loved to sing.Mel Solomon poses with his grandchild Joshua in this undated handout picture provided September 26, 2020. Lauren Solomon/Handout via REUTERSHe knew the lyrics to entire Broadway musicals and shared them with his granddaughters Zoe and Madeline during their annual summer visits from Brooklyn, New York, to Kansas City, where he was a renowned architect. […]

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Yemen warring parties agree largest prisoner swap, sources say

ADEN (Reuters) – Yemen’s warring parties have agreed to exchange some 1,000 prisoners, including 19 Saudi soldiers, at United Nations-sponsored talks as part of trust-building steps aimed at reviving a stalled peace process, sources said on Sunday. U.N. envoy Martin Griffiths and an official from the International Committee of the Red Cross (ICRC) are due to hold a news briefing […]

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Trump picks Barrett as he moves to tilt U.S. Supreme Court rightward

WASHINGTON (Reuters) – President Donald Trump on Saturday nominated Amy Coney Barrett to the Supreme Court, and she pledged to become a justice in the mold of the late staunch conservative Antonin Scalia – another milestone in Trump’s rightward shift of the top U.S. judicial body. Trump’s announcement during a flag-festooned White House Rose Garden ceremony – with Barrett, 48, […]

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Biden promises U.S. mayors he will be a partner in the White House

WASHINGTON (Reuters) – Democratic presidential candidate Joe Biden assured U.S. mayors on Saturday he would be an active partner in the White House in helping them respond to racial justice protests and the economic fallout from the coronavirus pandemic.U.S. Democratic presidential nominee Joe Biden arrives at Washington’s Reagan National Airport to attend services for the late U.S. Supreme Court Justice […]

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Daimler's designated chairman Zetsche renounces job

Fox Business Flash top headlines for September 25 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. FRANKFURT - Daimler’s Dieter Zetsche will not seek to become chairman of the German carmaker’s supervisory board, he told Frankfurter Allgemeine Sonntagszeitung newspaper. Continue Reading Below Zetsche, 67, a former chief executive of the company which owns the Mercedes-Benz brand, […]

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