11Feb2020 Market Close: SP500 And NASDAQ At Record Highs Despite Late-Day Fade. Antitrust Probe Cools Tech. WTI Remains Below 50 And Gold Lower.

Hyundai signs development deal with another electric vehicle startup

Korean automaker Hyundai Motor Co broadened its future transportation portfolio with an agreement to jointly develop electric vehicles with California startup Canoo, the companies said on Tuesday.

Lyft tops $1 billion quarterly revenue, forecasts slower growth in 2020

Lyft Inc on Tuesday reported record quarterly revenue of more than $1 billion, but the ride-hailing company forecast slower growth in the new year as ridership growth stagnated in the second half of 2019, sending shares down.

Samsung unveils foldable Galaxy Z phone, Galaxy S with 5G

Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact, its second try at a novel technology that the South Korean cell phone maker hopes will set it apart from rivals Apple Inc and Huawei.

S&P 500, Nasdaq edge up to record closing highs for second day

The S&P 500 and the Nasdaq inched to their second consecutive record closing highs on Tuesday after Chinese officials said the deadly coronavirus epidemic could be contained by April.

Exclusive: FAA agrees with inspector general recommendations to improve Southwest oversight

The Federal Aviation Administration says it agrees with recommendations made by the U.S. Transportation Department’s Inspector General that faulted its oversight of Southwest Airlines Co, according to a final report seen by Reuters ahead of its release later this week.

Fed’s Powell says economy in good place, warns on coronavirus

Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, even as he cited the potential threat from the coronavirus in China and concerns about the economy’s long-term health.

Wells Fargo CEO Scharf shakes up management at scandal-hit bank

Wells Fargo & Co Chief Executive Charles Scharf announced his first major reshuffle on Tuesday, promoting several executives to new roles while also tapping a JPMorgan veteran to head consumer lending.

FTC demands data on small buys by Google, Amazon, Apple, Facebook, Microsoft

The Federal Trade Commission has issued special orders to Alphabet Inc’s Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp to provide information on mergers that were too small to report to antitrust regulators, the FTC said on Tuesday.

Stocks surge to record highs on hopes virus is peaking, gold ebbs

Major U.S. and European stock indexes surged to fresh records on Tuesday after China’s senior medical adviser suggested the deadly coronavirus may be over by April, an outlook that also helped crude prices gain on hopes of renewed Chinese demand.

China’s virus outbreak could infect India’s weak economy

China’s virus outbreak could infect India’s weak economyThe virus epidemic will weigh on India’s outlook at a time when the govt is forecasting a rebound, the CEA said.

Inside India’s new plan to power EV dream

Inside India’s new plan to power EV dreamEVs charging infrastructure will be available at every four kilometres in big cities within a year, sources said.

The clear message from Delhi elections

The clear message from Delhi electionsPeople didn’t just recognise AAP’s work, but also rewarded it with their votes. That is a significant shift.

LIVE: Current Weather And Forecasts Up To 7 Days – Tuesday 11 February 2020

Written by Sig Silber

Headlines – “…A High Risk of excessive rainfall has been issued for central Mississippi, northern Alabama, and northern Georgia through Tuesday morning……Heavy snow is possible over parts of the Southern/Central Rockies……Another round of heavy rain to enter the Lower Mississippi and Tennessee valleys on Wednesday, with light-to-moderate snow possible over portions of the Midwest and Ohio Valley…”

The Last Stocks Standing

Written by Jim Welsh

Weekly Technical Review 10 February 2020.

As the S&P 500 was making a new high on February 6, 227 stocks in the S&P 500 were actually down year to date. The mega cap stocks (Microsoft, Apple, Amazon, Facebook, and Alphabet Class A&C) comprised 18.1% of the S&P 500 as of February 7 and have enabled the S&P 500 to make a new high. As long as these 5 stocks continue to attract money from momentum investors, the S&P 500 can make marginal new highs and help the overall market hold up.

Samsung prices cheapest new Galaxy smartphones at $1,000, even after Apple went lower on iPhone

Samsung Electronics Co. Ltd. announced a new lineup of its popular Galaxy smartphones Tuesday, with growing prices that will move in an opposite direction of rival Apple Inc.’s iPhones.

Market Snapshot: S&P, Nasdaq eke out record closes as coronavirus worries ease

The S&P 500 and Nasdaq notch record closes on Tuesday, but the Dow finishes virtually unchanged.

Lyft tops $1 billion in quarterly revenue for first time, but stock dips in late trading

Lyft Inc. reported its first quarter with more than $1 billion in revenue on Tuesday, but shares slipped in late trading.