SQUAWK BOX, WEDNESDAY 24TH JUNE, 2020

SQUAWK BOX, WEDNESDAY 24TH JUNE, 2020

The spread of the outbreak quickens in the U.S., with Texas and Arizona seeing a spike in cases, in what top health official Anthony Fauci calls a “disturbing surge”. According to a document seen by the New York Times, the EU will reportedly prohibit American travellers from travelling to the bloc, listing the U.S. alongside Brazil and Russia for inadequate responses to the Coronavirus outbreak. In Munich, prosecutors have released Wirecard's former CEO on €5m bail. Markus Braun had been arrested over allegations he falsified accounts at the German payments company. And in tech news, Dell shares jump by more than 20 per cent on reports the computer company is exploring options for its $50bn stake in cloud services group VMWare, which include selling the holding or buying it outright.

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Jaksot(1822)

 Japan's Takaichi bets big and secures landslide super-majority

Japan's Takaichi bets big and secures landslide super-majority

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9 Helmi 28min

U.S. tech sell-off stretches to third day

U.S. tech sell-off stretches to third day

The tech rout Stateside looks set to continue into a third day with giants such as Oracle, Palantir and Salesforce all suffering double-digit losses for the week. The gloom is contagious in the crypto...

6 Helmi 27min

Nasdaq sinks for second day as AI jitters prompt massive tech sell-off

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The Nasdaq suffers back-to-back losses of more than 1 per cent for the first time since April following a massive tech sell-off that sees almost $1tn wiped from tech stocks as A.I. related concerns re...

5 Helmi 28min

European corporate earnings in full swing

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UBS posts quarterly profit of $1.2bn and hikes its dividend by 22 per cent and reaffirms its forecasts for the year. The Swiss lender says it is on track to fully integrate Credit Suisse later this ye...

4 Helmi 26min

KOSPI and Nikkei lead global market recovery

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Global equity markets bounce back with South Korea’s KOSPI notching its best session in almost six years and the Nikkei closing at a record high. Metals prices also stabilise and claw back some of the...

3 Helmi 29min

Metal prices continue last week's rout

Metal prices continue last week's rout

Gold and silver spot prices continue to plunge following Friday’s rout which saw the worst one-day decline since 1980 as investors digest President Trump’s decision to nominate Kevin Warsh as Federal ...

2 Helmi 26min

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European equities are set to open in the green but Stateside futures are expected to lose ground ahead of President Trump’s eagerly anticipated announcement of a new Federal reserve chairman. Former F...

30 Tammi 26min

Tesla sales slump in first annual revenue drop on record

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Tesla suffers a fall in its annual vehicle sales for the first time in its history but shares are still in the green as the auto maker posts a beat on earnings. Tesla has also announced it will be axi...

29 Tammi 28min

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