Category: Stock Market News

At least five people at a Quebec City, Canada, mosque were killed Sunday night when gunmen opened fire during evening prayers, according to multiple news reports. Witnesses said as many as three gunmen were involved in the attack at the Quebec City Islamic Cultural Center. There were apparently about 40 people inside, and witnesses reported “many” wounded.

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Starbucks Corp. will hire 10,000 refugees over the next five years at stores in the 75 countries it operates, Chairman and Chief Executive Howard Schultz said Sunday in a statement. Schultz said he hoped to address the concerns of employees who may be feeling uneasy after a series of executive orders issued by the Trump administration in the past week. Schultz said the company would continue to support DREAMers — children of undocumented immigrants who were brought to the U.S. as children — would continue to operate and invest in Mexico and is committed to providing health insurance to workers if the Affordable Care Act is revoked. To kick off its campaign to hire refugees, he said Starbucks will offer jobs to those who served as interpreters or support personnel for U.S. troops overseas. “We have a long history of hiring young people looking for opportunities and a pathway to a new life around the world,” Schultz said.

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Delta Airlines flights in the U.S. were grounded Sunday evening because of computer problems. International flights were not affected. The ground stop for all Delta-branded flights, as well as its regional partner carriers, meant that no flights were allowed to take off. It was the second such nationwide shutdown by Delta in the past six months. Last Sunday, United Airlines suffered a similar ground stop for about two hours after a computer glitch.

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British actor John Hurt, a two-time Oscar nominee who played a wide variety of roles on film, TV and in theater, has died aged 77 from pancreatic cancer, family members confirmed Saturday. The actor, who was critically acclaimed for his portrayal of Caligula in the highly regarded TV series “I Claudius”, as well as John Merrick in David Lynch’s “The Elephant Man” and wand expert Mr Ollivander in the “Harry Potter” films, was a character actor with a distinctive, smoky voice, who worked on both sides of the Atlantic in small, independent films as well as blockbusters. He was widely praised for his role in Samuel Beckett’s “Krapp’s Last Tape” in 2013, performed at Dublin’s Gate Theater. His breakthrough role was that of the flamboyant Quentin Crisp in “The Naked Civil Servant” in 1975, a groundbreaking production that was credited with pushing the acceptance of the gay community in Britain. He was nominated for a supporting actor Oscar for his role in Alan Parker’s “Midnight Express” and for best lead actor in “The Elephant Man.” He is also known for playing Kane in the sci-fi hit “Alien” and the famous scene in which the alien creature bursts out of his stomach. Twitter lit up with tributes to an actor who starred in more than 200 films, won four Baftas and who was knighted in 2014.

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Lowe’s Cos. Inc. said late Friday its board of directors has authorized a $5 billion share buyback program. The new program has no expiration date and adds the to the previous program’s balance of $627 million. Shares of the home-improvement retailer rose 1.3% in late trading after ending the regular session flat.

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U.S. stocks ended mostly lower on Friday, pressured by a disappointing read on economic growth, as well as key corporate results that came in below expectations. However, the market’s recent upward bias was viewed as intact, and major indexes ended higher for the week, with the Dow and S&P 500 posting their first positive week of the past three. The Dow Jones Industrial Average fell 8.8 points to 20,092.6, a decline of less than 0.1%. The S&P 500 fell 2.1 points, or 0.1%, to 2,295. The Nasdaq Composite Index rose 5.6 points to 5,660.8, a rise of 0.1%. For the week, the Dow rose 1.3%, the S&P added 1% and the Nasdaq climbed 1.9%.

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The Securities and Exchange Commission charged two New York City men with allegedly running a Ponzi scheme that raised more than $81 million from at least 125 investors in 13 states to fund ticket scalping for popular shows such as the Broadway musical Hamilton. The SEC alleged Joseph Meli and Matthew Harriton, via their businesses Advance Entertainment, Advance Entertainment II, 875 Holdings, and 127 Holdings misled investors to expect high returns for their funds from the purchase of large blocks of tickets for resale at a profit. Instead, almost $2 million of the investors’ funds were allegedly diverted by Meli and Harriton for such personal expenses as jewelry purchases, private school and camp tuition, and casino payments. Meli and Harriton allegedly made Ponzi payments to prior investors using money from new investors. According to the SEC, the accused also told investors an agreement was in place with the producer of Hamilton to purchase 35,000 tickets to the musical. The SEC alleges no such agreement or purchase ever happened. The U.S. Attorney’s Office for the Southern District of New York today filed parallel criminal charges against Meli on Friday. Meli’s wife and another company are also named as relief defendants in the complaint for the purposes of recovering investor funds allegedly in their possession.

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Oil futures fell on Friday, pulling back from the nearly three-week high it settled at a day earlier, as concerns over further growth in U.S. production helped prices erase a gain for the week. March West Texas Intermediate crude fell 61 cents, or 1.1%, to settle at $53.17 a barrel. The contract settled just a nickel below the $53.22 level it ended at last Friday.

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The Mexican peso jumped in afternoon trading on Friday, climbing to its highs of the session after President Donald Trump said he had spoken with Mexican President Enrique Peña Nieto and that they would work on a new and “fair” relationship. Trump added that the U.S. would “renegotiate our trade deals, and renegotiate other aspects of our relationship” with Mexico. The comments come a day after Nieto canceled a planned visit with Trump, who has been increasing pressure on Mexico to pay for a wall he want built on the border between the two countries — one of the real estate mogul’s key campaign promises. The peso rose 1.6% against the dollar, trading at 20.87 from 21.22 late Thursday. Despite the rise on the day, the peso is down by about 11% over the past three months, with much of the weakness stemming from Trump’s election.

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Gold futures settled lower on Friday as strength in the U.S. dollar and a recent rally in major U.S. stock market indexes to all-time highs helped prices tally a weekly loss of about 1.4% for the week. February gold lost $1.40, or 0.1%, to settle at $1,188.40 an ounce. April gold , which has higher open interest, also fell $1.40, or 0.1%, to finish at $1,191.10 an ounce.

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