The Dow Is Rising. Google Stock Holds Its Ground.

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Stocks were rising Monday as Congress moves closer to implementing a final economic-stimulus bill.

Futures on the

Dow Jones Industrial Average

rose 250 points, or 0.8%. Futures on the

S&P 500

rose 0.8% as well, while the tech-heavy

Nasdaq Composite

was poised to open up 0.6% despite news of a wide-reaching outage of Google services. Shares of


(GOOGL), Google’s parent company, were marginally lower.

Congress is making another push at completing a more than $908 billion stimulus bill. After investors had grown optimistic in November that a deal would get done soon, stocks took a breathe, moving down as Democrats and Republicans in Congress squabbled over details. Democrats wanted more state and local finding and Republicans wanted more small business liability protection.

The S&P 500 fell about 1% between Dec. 4, the date stocks began that pause and the close of trading on Friday. Now, data showing

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Bed Bath & Beyond To Sell Cost Plus World Market To Kingswood Capital – Quick Facts

(RTTNews) – Bed Bath & Beyond Inc. (BBBY) announced Monday that it has agreed to sell its remaining non-core banner, Cost Plus World Market (CPWM), to Los Angeles-based private equity firm Kingswood Capital Management. The financial terms of the deal were not disclosed.

The purchase agreement includes 243 brick-and-mortar locations, the CPWM digital business, 2 distribution facilities and a corporate office located in Alameda, California, and it is expected that CPWM will continue to operate as a stand-alone retail brand.

The transaction is anticipated to close prior to Bed Bath & Beyond’s fiscal year end in February 2021, and is subject to customary closing conditions. Both companies have agreed to a transition service agreement following the close of the transaction to help ensure business continuity.

Additionally, the Company approved a new $150 million accelerated share repurchase program (ASR), subject to market conditions, which will be in addition to the $225

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The IPO market may look like 1999 but history tells us the rally has longer to run, strategist says

U.S. stocks are set to start the week in a positive fashion, with a number of things contributing to the feel-good factor.

The first COVID-19 vaccines made their way to distribution sites across the U.S. on Sunday, after the Food and Drug Administration authorized the vaccine candidate from U.S. drug company Pfizer

and its German partner BioNTech

on Friday evening.

Hopes for a stimulus deal in Washington have also provided encouragement for markets. A bipartisan group of lawmakers will present a two-part $908 billion stimulus proposal on Monday, Bloomberg reported. The U.K. and European Union leaders agreed to extend Brexit trade talks, which caused the pound

to surge and stocks to move higher in early trading.

Investors are also looking ahead to the Federal Reserve’s final policy meeting of 2020, which begins on Tuesday.

In our call of the day, Miller Tabak’s chief

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Airbnb and DoorDash Weren’t the Last Big IPOs of 2020. Burger King India Is Next.

Naomi Baker/Getty Images

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This year is ending with a flurry of deal making as IPO fever reaches far and wide.

Last week




made their market debuts. Now Burger King India has gone public.

The Indian-based Burger King franchisee sold 75 million new shares in an overseas IPO Monday. In India trading, the stock finished up 125% on day one, giving the operator of about 250 Burger Kings a market capitalization of roughly $700 million.

That gain topped DoorDash stock’s 86% first day jump and edged out Airbnb stock’s 113% day-one trading gain.

IPOs are so hot that bankers and companies are having trouble pricing deals. Roblox, which was slated to go public soon, pushed its offering to 2021 because

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CEE MARKETS-Currencies higher, stocks mixed as investors eye central bank meetings

By Anita Komuves

BUDAPEST, Dec 14 (Reuters)Central European currencies gained on Monday as the dollar eased and markets were eyeing meetings of the National Bank of Hungary, the European Central Bank and the U.S. Federal Reserve later this week.

The forint EURHUF= rose 0.23% to 353.60 per euro, adding to its gains after strengthening past its 200-day moving average last week as a deal struck by European Union leaders lifted Hungary and Poland’s veto of the EU budget and virus rescue package.

“The exchange rate shows that the mood is calm after the EU budget deal, and emerging currencies are firming as the dollar weakens,” a Budapest-based FX trader said.

The National Bank of Hungary holds its rate-setting meeting on Tuesday. According to a Reuters poll of analysts, the bank is likely to leave interest rates unchanged at 0.6%. The bank will also publish its latest inflation

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Ethereum Price May Hit All-Time High Soon: Here’s Why


  • The number of transactions grew alongside the price of Ethereum
  • Volume in spot cryptocurrency exchanges is recovering
  • Open interest for Ethereum options appears bullish

While all eyes are on Bitcoin, the second-largest cryptocurrency has been making some effort to reclaim the $600 range, which might catapult Ethereum to a new all-time high, according to analysts.

Ethereum closed Sunday at $590, its highest in the last five days. Analysts predicted a new consolidation phase that will only be broken once $600 is breached. 

A number of on-chain factors appear to favor an upsurge in Ethereum’s price. First, there has been a significant increase in the growth of transactions and transfers in the Ethereum blockchain, Cointelegraph reported. The chart showed that transaction growth (and slump) correlates with the price.

Cointelegraph also noted the increase in the number of people withdrawing their ETH from cryptocurrency exchanges. This can be attributed not

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Dollar falls as vaccine progress boosts risk appetite; sterling up more than 1%

LONDON (Reuters) – The dollar fell at the open of European trade on Monday, with progress on COVID-19 vaccines lifting risk appetite, while the British pound rose more than 1% after Britain and the European Union agreed on Sunday to carry on with Brexit negotiations.

FILE PHOTO: Pound and U.S. dollar bills are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration

The United States launched its first shipments of the COVID-19 vaccine to distribution centres on Sunday, raising hopes for a swift recovery from the global coronavirus-induced economic downturn.

The dollar was down around 0.2% against a basket of currencies at 90.621 at 0804 GMT, staying within December’s ranges but not far from its lowest since 2018.

The risky Australian and New Zealand dollars were also up, close to their strongest since 2018. At 0821 GMT, the Aussie – a liquid proxy for risk – was up 0.4%

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AstraZeneca shares fall on ‘hefty’ $39-billion Alexion deal

By Pushkala Aripaka

graphical user interface, website: FILE PHOTO: The logo of AstraZeneca is seen on medication packages in a pharmacy in London

© Reuters/Stefan Wermuth
FILE PHOTO: The logo of AstraZeneca is seen on medication packages in a pharmacy in London

(Reuters) – AstraZeneca shares fell as much as 9% on Monday, as investors moved to price in the costs of a $39 billion deal for U.S. biotech company Alexion Pharmaceuticals that would be the British drugmaker’s biggest ever corporate acquisition.


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The deal, announced over the weekend, is also one of the biggest in an already bumper year for mergers and acquisitions and at current market prices will be almost two-thirds funded with AstraZeneca shares.

The terms of the deal give Alexion shareholders $60 in cash and about $115 worth of equity per share, working out at a premium of more than $50 per share according to Reuters calculations.

Analysts from two brokerages, Cowen and Liberum, called the price respectively “considerable” and “hefty”, while praising the quality

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Tata Sons expected to submit initial bid for state-run carrier Air India -sources

NEW DELHI, Dec 14 (Reuters)Tata Sons, India’s autos-to-steel conglomerate, is expected to submit an initial bid for state-run carrier Air India ahead of the auction’s deadline on Monday evening, sources aware of the matter told Reuters.

Prime Minister Narendra Modi’s government in January renewed its push to sell its entire interest in the loss-making airline, which has been kept aloft by a bailout since 2012.

An effort to auction a majority stake almost two years ago drew no bids, forcing the government to ease terms. It has also extended the deadline multiple times this year due to COVID-19 and further eased the terms to attract bidders.

The airline industry around the world has been hammered by a slump in travel due to restrictions aimed at containing the novel coronavirus.

A Tata spokesperson declined to comment.

Tata already operates two airlines in India – full-service carrier Vistara, which is

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European stocks and U.S. equity futures climb on COVID-19 vaccine optimism and stimulus-deal hopes

a group of people standing in front of a building

© stringer/Agence France-Presse/Getty Images



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European stocks traded higher on Monday, alongside U.S. equity futures, with investors encouraged by COVID-19 vaccine progress and hopes for a stimulus deal out of Washington. No collapse in Brexit talks also lifted sentiment.

The Stoxx Europe 600 index rose 0.9%, after the index logged a 1% loss last week, snapping a five-week winning streak. The German DAX and the French CAC 40 were up over 1% each.

Gains were less pronounced for the FTSE 100 index which rose 0.5% as the pound surged against the dollar, last up 1.5% to $1.3431. U.K. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen, agreed on Sunday to go “the extra mile” to reach a post-Brexit trade deal.

The two said that discussions would continue as the legal deadline of Dec. 31 looms. And while Johnson pointed out that both sides

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