Virgin Galactic looks like newest cult stock as short sellers dig in
Wall Street’s newest cult stock appears to be Richard Branson’s Virgin Galactic Holdings Inc , as investors drive shares of the space tourism company to sky-high levels and short sellers dig in their heels.
Fed staff float plan to end term-repo after April, minutes show
Senior Federal Reserve staff proposed ending longer-term loans to banks after April as part of a broader blueprint laying out how the central bank could scale back the support provided to money markets, the minutes from the January policy meeting showe…
S&P 500, Nasdaq hit record closing highs, lifted by China stimulus hopes
The S&P 500 and Nasdaq rose to record closing highs on Wednesday as optimism that China would take more measures to prop up its economy eased concerns about the economic impact of the coronavirus epidemic.
Oil up more than 2% on slowing coronavirus cases, U.S. move on Venezuela
Oil prices gained more than 2% on Wednesday as worries eased about demand declining due to the spread of coronavirus cases in China, while supplies tightened as the United States moved to cut off more Venezuelan crude from the market.
Exclusive: Google users in UK to lose EU data protection – sources
Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, sources said.
Boeing, crash victims’ lawyers negotiate over access to 737 MAX documents
Boeing Co and lawyers representing families of victims of a 737 MAX crash agreed in court on Wednesday to hold a conference call with U.S. government crash probe authorities over access to documents related to the now-grounded aircraft’s design, develo…
Should Facebook, Google be liable for user posts? asks U.S. Attorney General Barr
U.S. Attorney General William Barr on Wednesday questioned whether Facebook, Google and other major online platforms still need the immunity from legal liability that has prevented them from being sued over material their users post.
Fed policymakers cautiously optimistic on U.S. economy despite new risks, minutes show
Federal Reserve policymakers were cautiously optimistic about their ability to hold interest rates steady this year, minutes of the central bank’s last policy meeting showed, even as they acknowledged new risks caused by the coronavirus outbreak.
French judges step up Ghosn probe over palace party, Oman dealings
French prosecutors have stepped up their investigation into alleged misappropriation of funds at Renault by former boss Carlos Ghosn, saying a judge had now been assigned to the case to launch a formal investigation.
Exclusive: ‘Made in Russia’ passenger jet finds a single buyer, Aeroflot
Russia’s main home-grown passenger jet, the Sukhoi Superjet 100, conceived as a rival to Airbus, Bombardier and Embraer, has no confirmed orders this year beyond a long-standing deal with state carrier Aeroflot , two sources told Reuters.
