Thursday, 13 February 2020

Tesla seeks to tap into stock surge with $2 billion share sale

Reuters.com Newsletter

Tesla seeks to tap into stock surge with $2 billion share sale

Tesla Inc on Thursday announced plans to raise $2 billion in a stock offering, tapping into an astronomical jump in its share price over the past few months and reversing the electric-car maker's often-stated policy of avoiding sales of new stock.

Nvidia forecasts revenue above estimates despite $100 million coronavirus hit

Nvidia Corp on Thursday forecast first-quarter revenue above Wall Street expectations despite a hit of $100 million from the coronavirus outbreak, sending its shares up nearly 7% in extended trading.

Jump in coronavirus cases halts stock rally; dollar gains

The dollar rose and global equity markets slumped on Thursday after a new methodology that boosted the coronavirus death toll in China unnerved investors, curbing a rally that had lifted U.S. and European stocks to a series of record peaks.

Exclusive: Venezuela's PDVSA to unload $57 million oil cargo disputed by rival Citgo boards

Venezuela's state-run oil company PDVSA this week plans to discharge nearly 1 million barrels of crude stranded for over a year at sea over U.S. sanctions against the company and an ownership dispute with its refining unit, Citgo Petroleum, according to internal documents viewed by Reuters.

JPMorgan sets July deadline for fintechs to sign new data access deals: sources

JPMorgan Chase & Co has told financial technology companies they will be barred from accessing its customer information by July 30 unless they sign data access agreements with the bank and back a plan to stop using customer passwords to gather the data.

U.S. accuses Huawei of stealing trade secrets, dealing with North Korea

U.S. prosecutors on Thursday added trade secret theft charges to their bank fraud case against Chinese smartphone maker Huawei Technologies Co, further escalating the U.S. battle with the world's largest telecommunications equipment maker.

U.S. gives Huawei another 45 days to buy from American suppliers

The Trump administration on Monday issued a 45-day extension allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd.

Walmart's Mexico unit posts 4.5% drop in net profit

Walmart de Mexico, Mexico's largest retailer, on Thursday reported fourth quarter net profit of 11.2 billion pesos ($594.7 million), a 4.5% drop over the same period last year.

Judge grants Amazon bid to pause Microsoft's Pentagon contract work

A U.S. judge on Thursday granted Amazon.com Inc's request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal that Amazon claims reflected undue influence by President Donald Trump.

Trump Fed nominee Shelton hits bipartisan skepticism in Senate hearing

Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation's economy.

Trump Fed nominee Shelton apologizes for likening currency forger to Rosa Parks

Federal Reserve board nominee Judy Shelton on Thursday apologized for having likened a convicted currency counterfeiter to U.S. civil rights icon Rosa Parks in an unusual exchange with a lawmaker weighing her appointment to the central bank.

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