Baidu Inc | USA Newshour https://usanewshour.com Breaking News, Latest headlines, Top Election stories, Photos & Videos Sat, 27 Mar 2021 19:54:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://usanewshour.com/wp-content/uploads/2020/08/cropped-icon-150x150.jpg Baidu Inc | USA Newshour https://usanewshour.com 32 32 Goldman Sachs vended $10.5 billion worth of stocks https://usanewshour.com/goldman-sachs-vended-10-5-billion-worth-of-stocks/12661/ Sat, 27 Mar 2021 19:54:04 +0000 https://usanewshour.com/?p=12661 On Saturday, Goldman Sachs Group Inc liquidated $10.5 billion worth of stocks in block trades as part of a selling spree that erased $35 billion from the values of stocks of major companies, as per a media report.

Before the U.S. market opened on Friday, The bank sold $6.6 billion worth of shares of Baidu Inc, Tencent Music Entertainment Group, and Vipshop Holdings Ltd, the report said.

After this, Goldman sold $3.9 billion worth of shares in ViacomCBS Inc, Discovery Inc, Farfetch Ltd, iQIYI Inc, and GSX Techedu Inc, according to the report.

Goldman denied replying to media questions.

Most of the unregistered stock offerings were managed by Morgan Stanley, on behalf of one or more undisclosed shareholders, the report added.

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