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Goldman Sachs, JPMorgan unwinding Russia businesses | Money

NEW YORK, March 11— Goldman Sachs Group Inc and JPMorgan Chase & Co on Thursday announced they were unwinding their Russian businesses, becoming the first major US banks to exit following Russia’s invasion of Ukraine and putting pressure on rivals to follow. Operating in Russia has become...

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A majority of investors believe inflation is transitory - but many are still positioning their portfolios for rising prices, an E*Trade survey reveals

A majority of investors believe inflation is transitory - but many are still positioning their portfolios for rising prices, an E*Trade survey reveals
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Ken Griffey Jr. named MLB senior adviser | One America News Network

Breaking News, Latest News and Current News from OANN.com. Breaking news and video. Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports.

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Losses on short positions in US firms top US$70b, according to Ortex data | Money


Thursday, 28 Jan 2021 09:30 PM MYT
The George Washington Statue at the Federal Hall National Memorial on Wall Street across the New York Stock Exchange January 27, 2021. — AFP pic
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LONDON, Jan 28 — Short-sellers are sitting on estimated losses of US$70.87 billion (RM287 billion) from their short positions in US companies so far this year, data from financial data analytics firm Ortex showed today.
The hefty losses come as shares of highly-shorted GameStop jumped more than 1,000 per cent in the past week without a clear business reason, forcing short-sellers to buy back into the stock to cover potential losses — defined as a short-squeeze — while retail investors then piled in to benefit from the surge.

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