Wednesday, February 26, 2020

Daily Investor Update: Waymo joins critics of California's self-driving data reports

Reuters.com Newsletter

Waymo joins critics of California's self-driving data reports

Alphabet Inc's Waymo, widely considered the front-runner in self-driving vehicles, on Wednesday joined a growing chorus of dissenters panning a California requirement on reporting test data, as the state released 2019 results.

Stocks, oil fall as coronavirus fears grip markets

Stocks and oil prices resumed their fall on Wednesday after a local authority said over 80 people were being monitored for the novel coronavirus in New York State's Long Island, adding to concern over spread in Europe and the Middle East.

EU open to more spending in countries hit by coronavirus outbreak

Italy and other euro zone countries hit by the coronavirus outbreak are expected to benefit from waivers under EU fiscal rules that will allow them to spend more to tackle the emergency, the bloc's economics commissioner said on Wednesday.

Oil prices drop to lowest in more than a year as coronavirus spreads

Oil prices fell to their lowest in more than a year on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus could spread across the United States.

Wall Street loses ground on fears of NY virus spread

U.S. stocks lost ground with the S&P falling to session lows in a volatile session on investor jitters on Wednesday over the prospect of coronavirus cases in New York after officials said they were monitoring 83 people who visited China.

Nokia explores strategic options: Bloomberg News

Finnish telecom network equipment maker Nokia Oyj is exploring strategic options and is working with advisers to consider potential asset sales and mergers, Bloomberg News reported on Wednesday, citing people familiar with the matter.

U.S. Supreme Court allows retirement plan lawsuit against Intel

The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds of millions of dollars.

Facebook to ban misleading ads about coronavirus

Facebook Inc said on Wednesday it would ban advertisements for products offering any cures or prevention around the coronavirus outbreak, and those that create a sense of urgency around the situation.

Wells Fargo workers seek Washington's help with internal gripes

A contingent of aggrieved Wells Fargo & Co workers are taking complaints to Capitol Hill, saying they feel brushed aside by management.

U.S. consumer spending could see one-two punch from stocks drop, coronavirus

The coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some $2 trillion of American stock market value, setting off a market rout that could stymie consumer spending - even before other economic effects of the disease are felt.

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