Wall Street jumps 1% at open as China stimulus calms investor nerves
Wall Street’s main indexes rose about 1% at the open on Tuesday, marking a second day of recovery from a coronavirus-driven sellfoff last week, with fresh intervention by China’s central bank calming investor nerves.
Justice Department’s Delrahim recused from Google antitrust review
The head of the Justice Department’s Antitrust Division, Makan Delrahim, has been recused from the Google portion of the agency’s review of big technology platforms due to potential conflicts of interest, a spokesman for the agency said on Tuesday.
Another day, another record: Tesla shares hit $900
Shares of Tesla Inc surged 15% on Tuesday to hit the $900 mark, extending a stunning rally that has more than doubled the company’s market value since the start of the year as more investors bet on Chief Executive Elon Musk’s vision.
Taps open for Saudi listings after Aramco’s record IPO
Several Saudi Arabian companies are planning to list shares on the Riyadh exchange in coming months in the wake of oil giant Aramco’s record IPO.
Ferrari tempers 2020 expectations with cautious upgrade
Demand for Ferrari’s Portofino and 812 Superfast models helped the Italian supercar maker hit last year’s profit targets though it only provided a cautious upgrade to its outlook for 2020.
Stocks, commodities firmer as China works to cool virus worries
World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves and both Europe and metals scoring their best day of the year so far.
Starboard pressures eBay to sell classifieds business
Activist shareholder Starboard Value LP piled more pressure on eBay Inc on Tuesday to sell off its classifieds business, saying it had not made enough progress to improve shareholder value.
Oil rebounds on potential for further OPEC+ supply cuts
Oil prices clawed back ground on Tuesday on hopes for additional production cuts from OPEC and its allies to offset any potential demand drop triggered by the coronavirus outbreak.
Visa planning biggest changes to U.S. swipe fees in a decade: Bloomberg
Visa Inc is planning the biggest changes in a decade to the rates U.S. merchants pay to accept its cards, Bloomberg reported https://bloom.bg/2vGWtA7 on Tuesday, citing a document Visa sent to banks.
Higher winterwear prices boost Ralph Lauren holiday margins; shares rise 6%
Ralph Lauren Corp beat market expectations for the holiday-quarter profit on Tuesday, as higher prices for its winterwear boosted margins, sending the fashion house’s shares up 6% in premarket trading.
