American, United push back 737 MAX return amid new approval delays

American, United push back 737 MAX return amid new approval delays
CHICAGO/WASHINGTON (Reuters) – American Airlines Group Inc (AAL.O) and United Airlines Holdings Inc (UAL.O) are pushing back the return of Boeing 737 MAX flights until August and September, respectively, a fresh delay that comes after sources told Reuters that the timing of a key certification flight may not occur until at least April. FILE PHOTO – An American Airlines airplane... Read More

S&P 500, Nasdaq gain on Nvidia, White House stock incentive report

S&P 500, Nasdaq gain on Nvidia, White House stock incentive report
NEW YORK (Reuters) – The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks. Uncertainties surrounding the coronavirus epidemic and downbeat economic data had put a damper on investor sentiment for much of the day. But... Read More

Citigroup CEO Corbat’s 2019 compensation unchanged at $24 million

Citigroup CEO Corbat’s 2019 compensation unchanged at $24 million
FILE PHOTO – Michael Corbat, CEO of Citigroup, speaks during the Bloomberg Global Business Forum in New York City, New York, U.S., September 25, 2019. REUTERS/Shannon Stapleton (Reuters) – Citigroup Inc (C.N) said on Friday its Chief Executive Michael Corbat will $24 million as total compensation for 2019, unchanged from 2018. Corbat’s total compensation included a base salary of $1.5... Read More

Canadian pot producer Canopy may face challenges offloading assets, CEO says

Canadian pot producer Canopy may face challenges offloading assets, CEO says
(Reuters) – Canada’s biggest cannabis producer, Canopy Growth Corp (WEED.TO), could face challenges offloading assets as it seeks to winnow its facilities down to focus on its most lucrative markets and products, its chief executive told Reuters. A sign featuring Canopy Growth Corporation’s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 .Picture taken January... Read More

Oil rises over 1% on hopes demand will rebound from coronavirus effect

Oil rises over 1% on hopes demand will rebound from coronavirus effect
NEW YORK (Reuters) – Oil prices rose over 1% on Friday, posting their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland,... Read More

Wall Street Week Ahead: Investors bet emerging markets will weather coronavirus impact

Wall Street Week Ahead: Investors bet emerging markets will weather coronavirus impact
NEW YORK (Reuters) – Investors are edging back into emerging markets, even though worries about the coronavirus’ impact on global economic growth have clouded prospects for the boom-and-bust asset class. FILE PHOTO – Traders work at the New York Stock Exchange (NYSE) in New York, U.S., February 4, 2020. REUTERS/Bryan R Smith Nearly $730 million flowed back into emerging markets... Read More

Saks Fifth Avenue plans expansion into bankrupt Barneys shop in Los Angeles

Saks Fifth Avenue plans expansion into bankrupt Barneys shop in Los Angeles
FILE PHOTO – U.S. flags fly outside of Saks Fifth Avenue in New York, U.S., June 19, 2017. REUTERS/Lucas Jackson (Reuters) – Luxury department store operator Saks Fifth Avenue, owned by Canada’s Hudson’s Bay Co (HBC.TO), is expanding into bankrupt fashion chain Barneys’ Beverly Hills shop, people familiar with the matter said on Friday. The move comes ahead of a... Read More

Stocks dip as virus impact weighed, oil gains for the week

Stocks dip as virus impact weighed, oil gains for the week
NEW YORK (Reuters) – Major world stock indexes edged lower on Friday as investors further assessed the economic fallout of China’s coronavirus outbreak, while oil prices registered their first weekly gain since early January. FILE PHOTO: Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 6, 2020. REUTERS/Lucas... Read More

Bridgewater, Viking among big hedge funds that added Tesla in fourth quarter before rally

Bridgewater, Viking among big hedge funds that added Tesla in fourth quarter before rally
FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo NEW YORK (Reuters) – Billionaire Ray Dalio’s Bridgewater Associates, Viking Global Investors, and Granite Point Capital were among prominent hedge funds placing new bets on electric carmaker Tesla Inc in the fourth quarter, positioning them to... Read More