Petrobras shares slump as Brazil’s Bolsonaro doubles down on intervention

Petrobras shares plunged 22% on Monday, wiping out 71 billion reais ($13 billion) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company’s market-friendly CEO with a retired army general. The selloff, following a series of analyst downgrades, deepened after Bolsonaro said the company’s fuel […]

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Zoom Posts Big Quarter Even as Subscriber Growth Slows

Zoom’s astronomical growth is tapering off along with the pandemic, raising questions about whether the videoconferencing service’s immense popularity will fade as more people return to classrooms, offices and other places that have been off limits for the past year. The deceleration emerged in an otherwise impressive quarterly earnings report released Monday. The stellar results […]

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