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Market News
March 5, 2021
SocGen to Cut 80 London Jobs as Bank Pares Back Securities Unit
Societe Generale SA is planning to cut about 80 positions in London as the lender scales back a business that provides securities services to asset...
March 5, 2021
Huge Bet on Libor Jumping to 2% Makes $5 Million in Just a Day
A eurodollar futures trader is sitting on a $5 million profit betting three-month dollar Libor will jump to around 2%. Not bad for less than a...
March 5, 2021
Reddit Takes Step Toward Eventual IPO, Naming Vollero First CFO
Reddit Inc., one of the world’s most popular internet forums, appointed Drew Vollero as its first chief financial officer, taking a step closer...
March 5, 2021
Working at Home Won’t Last Long After Covid, BOE’s Haskel Says
Most companies in the U.K. will ask employees to return to the office after the pandemic because working from home hurts productivity, a Bank of...
March 5, 2021
Iran Says It Foiled Plot to Hijack Passenger Plane, Fly to Gulf
Iranian authorities foiled an attempt late on Thursday to hijack a domestic passenger plane and fly it to an unspecified Gulf country, the...
March 5, 2021
Iran Wants Sanctions to End in Year for Talks, Official Tells FT
Iran would agree to talks on the 2015 nuclear deal if the U.S. signals it’s willing to remove sanctions within a year, according to a top...
March 5, 2021
Tech Stocks Lose $1.6 Trillion in Worst Streak Since September
The Nasdaq 100 Index is wrapping up a third straight week of declines that has shaved off $1.6 trillion in market value from high-flying technology...
March 5, 2021
Trump Sued by House Impeachment Manager Over Capitol Riot
A Congressman who helped lead the second impeachment of Donald Trump filed a lawsuit alleging the former president incited a mob that took over the...
March 5, 2021