Oil prices edged lower on Tuesday as fears that energy demand would take a long-term hit from the coronavirus outbreak offset prospects for more cuts in crude production from OPEC and its allies.
The surge comes a day after Tesla stock climbed nearly 20%, its biggest one-day gain in six years.
NNW Release | Jonathan Keim | Feb 4, 2020 NEW YORK, Feb. 04, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company and part of the InvestorBrandNetwork (“IBN”), is pleased to announce its continued collaboration with the National Crowdfunding & Fintech Association (“NCFA”) and Toronto Finance International (“TFI”). NNW will
Intercontinental Exchange Inc, owner of the New York Stock Exchange, has made an offer to buy eBay Inc in a deal that could value the ecommerce company at more than $30 billion, the Wall Street Journal reported on Tuesday.
ConocoPhillips issued a muted annual outlook on Tuesday, expecting a hit from weaker oil demand growth due to the coronavirus outbreak and disruptions at its operations in Malaysia and Libya.
The Nasdaq hit a record high on Tuesday and the S&P 500 headed for its biggest one-day gain in about six months as fears of a heavy economic impact from the coronavirus outbreak waned after China's central bank intervened.
The dollar strengthened and global equity markets surged on Tuesday, with Wall Street's Nasdaq index hitting a record high, as investors took heart from China's efforts to minimize the economic impact from the coronavirus epidemic.
Walt Disney Co's new streaming service Disney+ reached 28.6 million paying subscribers this week, the company said on Tuesday as it reported quarterly earnings that beat Wall Street forecasts.
Snap Inc missed Wall Street estimates for fourth quarter revenue on Tuesday as it faced tough competition from digital advertising giants Google and Facebook, sending its shares down 12%.
State attorneys general investigating Alphabet Inc's Google unit met on Tuesday with U.S. Justice Department officials to coordinate efforts to probe the search and advertising giant, officials told Reuters.
Macy's Inc said on Tuesday it plans to close 125 of its least productive stores over the next three years and cut more than 2,000 corporate jobs as a part of its cost savings effort.
Ford Motor Co on Tuesday posted a fourth-quarter loss and provided a weaker-than-expected 2020 forecast due to continued higher warranty costs, investments in future transportation and lower results from Ford Credit, sending shares down 9.5% in after-hours trading.
The surge comes a day after Tesla stock climbed nearly 20%, its biggest one-day gain in six years.
U.S. consumer electronics retailer Best Buy Co said on Tuesday its board cleared Chief Executive Officer Corie Barry of misconduct allegations following an independent review.
Chipotle Mexican Grill Inc beat analysts' estimates for quarterly comparable sales and profit on Tuesday, benefiting from higher menu prices and expanded delivery options.