According to people familiar with the transaction, investor Bill Hwang caused a storm in the stock market last week when his firm, Archegos Capital Management, and its banks began reducing their holdings in blue-chip companies, according to people familiar with the transaction. The sale has sent shifts to individual stocks …
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The intensive care unit undergoing treatment caught fire on Saturday COVID-19 Patients in southern Turkey have died, nine people have died after a Turkish oxygen cylinder exploded, the health minister said. The state-run Anadolu news agency said the fire broke out at the privately run Sanko University Hospital unit in …
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Shares of iQiyi Inc. IQ, -11.16% plunged 15% on heavy volume Friday, in the wake of the revelation by China-based streaming video service of an investigation by the Securities and Exchange Commission into certain acquisitions and investments. Trading volume was 38.5 million shares, enough to make the stock the 7th …
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For the quarter, Baidu (ticker: BIDU) reported revenue of $ 3.69 billion, down about 1% from a year ago, and in line with the consensus of Wall Street analysts at $ 3.7 billion. Non-GAAP earnings were $ 2.08 per share, good for the Street Consensus at $ 1.38. Baidu said …
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US shares of iQIYI Inc. IQ, -2.43% shares fell Thursday in the extended session after the Chinese online entertainment company said it was the focus of a probe for securities and exchange commission and forecast revenue below Wall Street estimates. U.S. revenue from iQIYI fell 14% after hours, following a …
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