Bhinneka News Online: Daily Investor Update: Wall Street climbs on tech strength

Thursday 15 February 2018

Daily Investor Update: Wall Street climbs on tech strength

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Thursday, February 15, 2018

Wall Street climbs on tech strength

NEW YORK (Reuters) - Wall Street surged on Thursday to notch its fifth straight session of gains, led by Apple and other technology stocks as investors shrugged off recent inflation worries that sent the market into a sell-off at the start of the month.

Bitcoin rises above $10,000, strategist sees new high by July

NEW YORK (Reuters) - Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December.

Berkshire buys Teva, feels IBM blues as Apple becomes top investment

(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Wednesday disclosed a new stake in generic drugmaker Teva Pharmaceutical Industries Ltd and said it bought more shares of Apple Inc , which surpassed Wells Fargo & Co as its largest common stock investment.

Roche to buy Flatiron Health for $1.9 billion

(Reuters) - Drugmaker Roche Holding AG said on Thursday it would buy the rest of the privately held oncology data company Flatiron Health Inc for $1.9 billion to speed up development and delivery of breakthrough medicines for cancer patients.

Global stocks climb, shrugging off inflation data; dollar falls

NEW YORK (Reuters) - World equity markets climbed anew on Thursday as investors shrugged off the latest indication of rising U.S. inflation, while strong global growth weighed on the dollar and pushed it to a 15-month low against the Japanese yen.

U.S. watchdog to probe chairman's decisions in broadcast deal: Democrat

WASHINGTON (Reuters) - The Federal Communications Commission inspector general will investigate whether its chairman was biased in favor of Sinclair Broadcast Group Inc, which is seeking approval from the watchdog for a $3.9 billion acquisition of Tribune Media Co, a member of Congress said on Thursday.

Boeing CEO says 'getting closer' to a deal with Embraer: CNBC

(Reuters) - Boeing Co is "getting closer" to a deal with Brazilian aircraft maker Embraer , the U.S. plane maker's Chief Executive Officer Dennis Muilenburg said in an interview with CNBC television on Thursday.

Boeing stays in race to supply Canada with fighter jets: sources

OTTAWA (Reuters) - Boeing Co , locked in a trade dispute with the Canadian government, has applied to stay in the race to supply Canada with 88 new fighter jets, three well-placed sources said on Thursday.

Amazon to pay $1.2 million in settlement over pesticide sales, U.S. says

WASHINGTON (Reuters) - Amazon.com Inc will pay a roughly $1.2 million penalty to settle nearly 4,000 alleged violations of U.S. law in a move to prevent harmful exposure to pesticides through illegal sales, the U.S. Environmental Protection Agency said on Thursday.

Caterpillar expects no material impact of tax case on finances

(Reuters) - Caterpillar Inc said on Thursday it was vigorously contesting the $2.3 billion tax and penalties for certain years proposed by the U.S. Internal Revenue Service and that the case would not have a material impact on its finances and operations.