U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength amid lower mortgage rates.
(Bloomberg) — A number of stocks that have captured investor attention are continuing their gains as the options market more and more resembles a roulette wheel.Richard Branson’s space-tourism company Virgin Galactic Holdings Inc. jumped more than 10% in trading before the U.S. market open on Wednesday, on track for another day of double-digit gains. Meanwhile, Plug Power Inc. rose more than 9% as retail investors talked up their positions on message boards like r/wallstreetbets on Reddit. Fellow renewable energy equipment-maker FuelCell Energy Inc. rose 6.5%.Tesla Inc., a favorite among retail investors, jumped more than 6% in part after analysts at …read more […]
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.
Finnish telecom networks maker Nokia Oyj said on Wednesday it has agreed to acquire privately-held U.S.-based company Elenion Technologies to boost its optical networking business and broaden its offering to telecoms operators.
The 2014-founded Elenion develops silicon photonics technologies for short-reach and high-performance optical interfaces. “Ownership of these key assets brings time-to-market and cost advantages to Nokia’s broad portfolio of networking solutions by applying the massive scale and economies of silicon design and manufacturing to the optical supply chain,” Nokia said in a statement. …read more […]
U.S. stock index futures advanced on Wednesday as signs of slowing coronavirus infections and expectations that China would take more steps to bolster its virus-hit economy helped investors return to equities after Apple’s sales warning.
(Bloomberg) — China is considering further measures to shield its economy from the coronavirus outbreak that has now killed 2,010 and infected 75,286 people around the world.Beijing is weighing steps including cash infusions and bailouts for the struggling airline industry. As more people are encouraged to stay at home, a growing number of Chinese private companies have stopped paying staff completely.The strict quarantine likely bought the rest of the world several weeks to prepare, the World Health Organization said.Key DevelopmentsChina death toll hits 2,004; 74,185 confirmed casesHong Kong has second fatality after 70-year-old diesAdidas, Puma say business in China being …read more […]
Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus’s aircraft orders from the Gulf Arab state involved alleged corruption, the state news agency reported.
EU countries have no reason to use 5G mobile technology from Huawei because Sweden’s Ericsson , Finland’s Nokia and South Korea’s Samsung are on par with the Chinese group in the field, a senior U.S. diplomat said.
Deutsche Telekom is aiming to become market leader in the United States, CEO Tim Hoettges said on Wednesday, now that a deal for its T-Mobile US unit to take over Sprint is within reach.
Qatar Airways has bought a $600 million stake in British Airways-owner IAG to increase its holding to 25.1%, strengthening its position ahead of a change in IAG management.
Air France unions have called for strikes at domestic carrier Hop, as pilots seek an improved pay offer and ground staff representatives press for job guarantees, union officials said on Wednesday.
Lyft Inc will roll out a fleet of several hundred electric bikes for rent across New York City, the company said on Wednesday, 10 months after it pulled them following complaints and injury reports.
The head of UniCredit repeated in a letter to staff on Wednesday that Italy’s biggest bank had no intention of engaging in merger and acquisition deals following Intesa’s blitz move to buy rival UBI Banca .
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