Wednesday 7 November 2018

Cannabis shares light up as U.S. voter support for industry grows

Reuters.com Newsletter

Cannabis shares light up as U.S. voter support for industry grows

Shares of cannabis companies rose on Wednesday as results from the previous day's U.S. elections pointed to more favorable political conditions for the cannabis industry.

Qualcomm forecast falls short as Apple sales disappear

Qualcomm Inc forecast current-quarter revenue below analysts' estimates on Wednesday as it took a hit from the loss of chip sales to Apple Inc , sending its shares down 2.5 percent.

U.S. political gridlock may create investment opportunity

Investors hope the split between Republicans and Democrats controlling the U.S. Congress will open up opportunities to pick new winners and losers because some government policies will be harder to predict.

Wall Street rallies on U.S. elections; tech, health stocks lead

Wall Street rose 2 percent on Wednesday, led by the technology and healthcare sectors as investors breathed a sigh of relief following the U.S. midterm elections and made bets that a divided Congress would be good news for equities.

U.S. issues directive after Boeing alerts pilots following Indonesia crash

The U.S. Federal Aviation Administration issued an emergency airworthiness directive on Wednesday to address how to handle erroneous data from a sensor on the new Boeing 737 MAX jet in the wake of last week's Indonesian jetliner crash.

Comcast plans to roll out video-streaming box for some customers: CNBC

Comcast Corp is planning to launch a new product that will allow its broadband subscribers to aggregate some video streaming applications, including Netflix and YouTube, CNBC reported on Wednesday, citing people familiar with the matter.

SpaceX circulates price guidance on $750 million term loan

NEW YORK (LPC) - Elon Musk's rocket and spacecraft company SpaceX on Wednesday circulated pricing on a proposed $750 million term loan that will put cash on the company's balance sheet, two sources said.

Global stocks rise after U.S. vote splits power; dollar slips

Most major stock markets rose on Wednesday after the U.S. midterm election divided control of Congress, while expectations of political gridlock in Washington weighed on the dollar.

Roku reports 39 percent rise in quarterly revenue

Roku Inc reported a 39 percent rise in quarterly revenue on Wednesday, helped by higher number of subscribers for its ad-supported video streaming platform.

Tableau, Twilio, New Relic reports send cloud stocks skyward

Shares of cloud software sellers surged on Wednesday following quarterly reports and forecasts from Tableau Software, New Relic, Twilio and Rapid7 that added to Wall Street's high expectations for the fast-expanding sector.

Strong car sales lift spirits at Brazil auto show

Automakers in Brazil last month notched their strongest sales in nearly four years, a leading trade group said on Wednesday, adding to optimism as the auto industry kicked off the biannual Sao Paulo International Motor Show.

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