U.S. Stock ETFs Pare Early Gains as Investors Focus on Earnings April 14, 2021
U.S. markets and stock exchange traded funds erased earlier gains on Wednesday as investors shifted their focus to the corporate earnings season, with banks taking the lead.
On Wednesday, the
The financial sector took charge after Goldman Sachs Group Inc., JPMorgan Chase & Co., and Wells Fargo & Co reported upbeat first quarter results, but some observers argued that the strength was already baked into the market segment’s prices.
“The bank earnings were strong, but the market expected them to be strong,” Christopher Grisanti, chief equity strategist at MAI Capital Management, told Reuters. “So the question becomes how do the bank stocks rise more from here. That’s not clear. They have had a nice ride. I think there will be other places to make money more easily in the future.”
Фондовые индексы США закрылись разнонаправленно
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<div class="at-above-post addthis tool" data-url="https://www.metro.us/asia-shares-bounce-on/"></div>HONG KONG (Reuters) – Asian stocks markets were broadly positive Tuesday after China’s exports grew at a strong pace during March and imports rebounded giving investors heart that domestic demand is improving as part of the recovery from the pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan was trading up 0.4% Tuesday after opening […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/asia-shares-bounce-on/">&
<div class="at-above-post addthis tool" data-url="https://www.metro.us/grab-agrees-worlds-biggest/"></div>SINGAPORE (Reuters) -Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with U.S.-based Altimeter Growth Corp in a deal that gives Grab an initial proforma equity value of about $39.6 billion and will lead to a public listing The merger, the biggest blank-check company deal ever, underscores the frenzy […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/grab-agrees-worlds-biggest/">
[April 13, 2021]
Grab, the Leading Superapp for Deliveries, Mobility and Financial Services in Southeast Asia1, Plans to Go Public in Partnership with Altimeter
Grab Holdings Inc. ( Grab ), Southeast Asia s leading superapp
1, today announced it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (Nasdaq: AGC ) in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company. The combined company expects its securities will be traded on NASDAQ under the symbol GRAB in the coming months.
The proposed transactions value Grab at an initial pro-forma equity value of approximately US$39.6 billion at a PIPE size of more than US$4.0 billion and will provide Grab with approximately US$4.5 billion in cash proceeds. Grab is a superapp dedicated to serving everyday needs and everyday entrepreneurs. It offers services across mobility, deliveries, financial services and more, in an all-in-one app.
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