EU plans more protectionist antitrust rules, data sharing in policy shake-up

EU plans more protectionist antitrust rules, data sharing in policy shake-up
BRUSSELS (Reuters) – The EU plans to adopt more protectionist antitrust rules and encourage businesses to share data as part of an industrial policy overhaul aimed at giving European companies a sharper edge in global markets, a strategy document seen by Reuters shows. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019.... Read More

Positive eurozone data pushes global equity markets higher

Positive eurozone data pushes global equity markets higher
NEW YORK (Reuters) – Global equity markets rebounded on Friday, with the U.S. Nasdaq Composite Index hitting a record high, as investors took in positive economic data from Europe and worried less about the potential economic toll of the coronavirus outbreak in China. FILE PHOTO: People walk past the London Stock Exchange Group offices in the City of London, Britain,... Read More

JPMorgan hires senior tech executive from Goldman Sachs: memo

JPMorgan hires senior tech executive from Goldman Sachs: memo
FILE PHOTO: People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) has hired senior banking technology executive Gavin Leo-Rhynie as head of engineering and architecture for the corporate and investment bank (CIB), according to a memo seen... Read More

Bargain hunters fire up rally in cannabis stocks

Bargain hunters fire up rally in cannabis stocks
NEW YORK (Reuters) – Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year. FILE PHOTO: Chemdawg marijuana plants grow at a facility in Smiths Falls, Ontario, Canada October 29, 2019. REUTERS/Blair Gable/File Photo Shares of Tilray Inc (TLRY.O) and Canopy Growth Corp (WEED.TO)... Read More

European stocks shrug off coronavirus fears

European stocks shrug off coronavirus fears
LONDON/TOKYO (Reuters) – European shares on Friday shrugged off worries over the coronavirus outbreak after the World Health Organisation designated it an emergency for China but not yet for the rest of the world. FILE PHOTO: People walk past the London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville The virus has killed... Read More

Wall Street pares losses on positive coronavirus news

Wall Street pares losses on positive coronavirus news
NEW YORK (Reuters) – Wall Street struggled for direction on Thursday as investors digested mixed earnings and developing news about the coronavirus outbreak emanating from China. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 21, 2020. REUTERS/Brendan McDermid Healthcare and financial shares helped pull stocks into the red through... Read More