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Business, Stocks

“Victoria’s Secret [Value] Falls Most Ever…”

” Victoria’s Secret & Co. shares plunged as much as 28%, the most on record, after the beleaguered lingerie maker’s full-year sales guidance fell short of analysts’ expectations…” https://finance.yahoo.com/news/victoria-secret-falls-nearly-30-111403685.html Who writes these articles? Sometimes it amazes me how horrible they’re… Continue Reading…

Banking

“Billions in Secret Derivatives at Center of Archegos Blowup”

“The forced liquidation of more than $20 billion in holdings linked to Bill Hwang’s investment firm is drawing attention to the covert financial instruments he used to build large stakes in companies. Much of the leverage used by Hwang’s Archegos… Continue Reading…

Stocks

“Shares of Victoria’s Secret parent L Brands jump on fourth-quarter forecast, in-line profits”

“L Brands shares, which closed near a 10-year low, rose nearly 4% during extended trading. The stock, which has a market value of $4.4 billion, hit a 52-week low of $15.80 earlier Wednesday… The company said it expects 2019 fourth-quarter… Continue Reading…

Business

“Secretive energy startup backed by Bill Gates achieves solar breakthrough”

“Heliogen, a clean energy company that emerged from stealth mode on Tuesday, said it has discovered a way to use artificial intelligence and a field of mirrors to reflect so much sunlight that it generates extreme heat above 1,000 degrees… Continue Reading…