Asian stocks edged up on Thursday, cheered by record closes in Wall Street benchmarks after encouraging economic data, although investors kept a wary eye on the developments in the coronavirus outbreak.
"We've arrived at that price by weighting the probabilities of 10 different scenarios, including bankruptcy, to be honest," Ark Investment Management CEO Catherine Wood told CNBC.
Ride-hailing company Beat hopes rival Uber will return to Colombia, but meanwhile, it will capitalize on the void it left and try to fill it, the company said.
New orders for U.S.-made goods increased by the most in nearly 1-1/2 years in December, flattered by robust demand for defense aircraft, but persistently weak business spending on equipment pointed to limited scope for a sharp rebound in manufacturing.
The U.S. Justice Department has reached out to app developers as part of its investigation into Apple Inc , one of the four big tech companies being probed for alleged anti-competitive behavior, according one of the developers and another person familiar with the investigation.
U.S. stocks surged on Tuesday and the S&P 500 and Nasdaq were on pace to unwind losses from last week as fears of a heavy economic impact from the coronavirus epidemic tapered off after China's central bank intervened for the second day.
Shares of Tesla Inc surged 20% on Tuesday to hit $940, 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.
Oil prices bounced on Tuesday a day after falling to their lowest in more than a year, edging up on hopes that more cuts in crude production from OPEC and its allies would offset demand destruction related to the coronavirus outbreak.
The Saudi Arabia Public Investment Fund dumped nearly all the shares of Tesla that it owns in the fourth quarter of last year, a new filing Tuesday revealed.
Shale pioneer John Hess said on Tuesday that key U.S. shale fields are starting to plateau, calling shale "important but not the next Saudi Arabia."
The Nasdaq hit a record high on Tuesday and the S&P 500 headed for its best day in six months as fears of a heavy economic impact from the coronavirus epidemic tapered off after China's central bank intervened for the second straight day.
The U.S. Federal Reserve said on Tuesday that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role in Malaysia's multi-billion-dollar 1MDB corruption scandal.
For the first time in nearly 50 years, the U.S. Food and Drug Administration examined asbestos testing for talc powders and cosmetics at a hearing on Tuesday, after traces of the known carcinogen were found in several such products, including Johnson & Johnson's Baby Powder.
China-based Luckin Coffee Inc's shares could double in price after it overcomes the negative impact of the coronavirus outbreak and a widely publicized bearish bet against its stock, according to Andrew Left, managing partner at hedge fund Citron Capital.
The share of workers in the gig economy has grown 15% among American businesses since 2010, and some experts worry about the financial challenges this trend presents.