Oil futures rose for a second day on Thursday amid investor optimism over unconfirmed reports of possible advances in combating the coronavirus outbreak in China as a sign fuel demand may rebound in the world's biggest oil importer.
KFC licensee Yum China said it could report an operating loss in the first quarter and take a significant hit to sales and productivity due to a coronavirus outbreak in China, after it was forced to shut nearly a third of its stores.
China said on Thursday it will halve additional tariffs levied against 1,717 products imported from the United States last year, following the signing of a Phase 1 trade deal that brought a truce to a bruising trade war.
Toyota Motor Corp on Thursday raised its forecast for annual operating profit by 4.2% due to a slightly weaker yen.
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.