S&P 500, Nasdaq gain on Nvidia, White House stock incentive report
The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks.
S&P 500 posts slim gain, helped by Nvidia boost
The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks.
Canadian pot producer Canopy may face challenges offloading assets, CEO says
Canada’s biggest cannabis producer, Canopy Growth Corp , could face challenges offloading assets as it seeks to winnow its facilities down to focus on its most lucrative markets and products, its chief executive told Reuters.
Oil rises over 1% on hopes demand will rebound from coronavirus effect
Oil prices rose over 1% on Friday, posting their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.
Wall Street Week Ahead: Investors bet emerging markets will weather coronavirus impact
Investors are edging back into emerging markets, even though worries about the coronavirus’ impact on global economic growth have clouded prospects for the boom-and-bust asset class.
Bridgewater, Viking among big hedge funds that added Tesla in fourth quarter before rally
Billionaire Ray Dalio’s Bridgewater Associates, Viking Global Investors, and Granite Point Capital were among prominent hedge funds placing new bets on electric carmaker Tesla Inc in the fourth quarter, positioning them to gain from its nearly 100% ra…
Saks Fifth Avenue plans expansion into bankrupt Barneys shop in Los Angeles
Luxury department store operator Saks Fifth Avenue, owned by Canada’s Hudson’s Bay Co , is expanding into bankrupt fashion chain Barneys’ Beverly Hills shop, people familiar with the matter said on Friday.
Stocks dip as virus impact weighed, oil gains for the week
Major world stock indexes edged lower on Friday as investors further assessed the economic fallout of China’s coronavirus outbreak, while oil prices registered their first weekly gain since early January.
Wall Street slips as coronavirus dampens optimism
Wall Street edged lower on Friday as uncertainties surrounding the coronavirus epidemic and downbeat economic data put a damper on investor sentiment.
Apple to reopen a store in Shanghai on February 15
Apple Inc said on Friday it would reopen one of the seven retail stores it has in Shanghai from Feb. 15 with reduced working hours, a day after the iPhone maker said a few retail stores in Beijing would start functioning from Feb. 14.
