Stocks trade mostly higher, trimming a modest early decline, a day after major benchmarks score another round of all-time highs on optimism over the potential for another large round of aid spending.
Canopy Growth Corp. shares soared 11% Tuesday, after the Canadian cannabis company posted a wider-than-expected loss for its fiscal third quarter, but revenue that beat estimates, and offered an upbeat outlook that sees the company achieving profitability in the second half of 2022.
A wild ride in U.S. stocks, stemming from betting tactics inspired on social-media channels like Reddit and Discord, may have exposed some longer term problems in strategies where investors bet on the decline in value of a company’s stock.
Neera Tanden, President Biden’s pick to lead the Office of Management and Budget, said she regretted past comments she made while running a center-left think tank and pledged to be nonpartisan if confirmed to the role by the Senate.
Oil futures move up on Tuesday, shaking off earlier weakness, as signs of improving energy demand set prices back on track to stretch a streak of gains that’s lasted all month.
President Joe Biden and Treasury Secretary Janet Yellen will meet Tuesday with a handful of top U.S. chief executives to discuss the proposed $1.9 trillion COVID relief plan, the White House said, as Democrats aim to rush the proposal through Congress.
Two U.S. carrier groups are conducting exercises in the waters disputed by China, raising Beijing’s ire just as France announced one of its attack submarines had sailed through the zone.
Reddit Inc. doubled its valuation to $6 billion in a new round of funding that comes as the social-media company has added users through the COVID-19 pandemic and more recently has gained attention for its role in the recent Wall Street trading frenzy.
The family of a 20-year-old trader who killed himself after seeing a massive negative balance in his account sued online brokerage Robinhood for wrongful death on Monday.
The $1.9 trillion coronavirus aid package making its way through Congress is set to be the venue for a new debate between Democrats and Republicans — how best to get more money to families with children.
Take-Two Interactive Software Inc. reported a better-than-expected outlook and results late Monday as sales gained a holiday boost during the COVID-19 pandemic, and said it was moving past its bid to acquire U.K.-based racing games publisher.
Analysts and investors debate whether Tesla’s bitcoin gambit is a smart move, particularly given wild swings in the price of the cryptocurrency and the company’s own shares.
Elon Musk’s Tesla Inc. announces that it acquired $1.5 billion in bitcoins in January and said it could accept the world’s No. 1 digital asset for payment in the future.
Analysts and investors debate whether Tesla’s bitcoin gambit is a smart move, particularly given wild swings in the price of the cryptocurrency and the company’s own shares.
Deploying National Guard troops at the U.S. Capitol — which a pro-Trump mob stormed last month — will cost about $483 million, the government estimated Monday.
Former President Donald Trump faces a second impeachment trial in the Senate this week, after the House last month voted to approve a charge of inciting an insurrection.