Tag: stock market

Spanish stock futures rallied on Monday morning after the central government in Madrid imposed control of Catalonia following an independence declaration by the region’s separatist leader Carles Puigdemont. Futures for the IBEX 35 index jumped 1.5% to 10,331. The IBEX 35 index on Friday slid 1.5% after the Catalan parliament voted for a resolution to declare independence, although members of anti-independence parties walked out in protest before the vote. Immediately after, the Spain government then voted in favor of invoking Article 155, which strips Catalonia of its autonomous powers. On Monday, traders were waiting to see if Puigdemont and other ousted ministers will turn up at their offices and whether the Catalan leader will be arrested for rebellion.

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The Houston Astros clinched a Game 5 victory in the World Series on Sunday evening, leaving the team one game away from taking the title. In a game that stretched to 10 innings, the Astros beat the Dodgers 13-12 for a 3-2 lead in the series. The game also saw seven home runs. According to ESPN, there have been 21 home runs hit in the 2017 World Series, which is the most in Major League Baseball history. It was also the second-longest game in MLB history, according to ESPN.

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Anthony Rapp says fellow actor Kevin Spacey made sexual advances toward him in 1986 when Rapp was just 14, Buzzfeed reported Sunday night. Rapp, now 46, said the number of women now speaking out against sexual misconduct in Hollywood helped compel him to speak publicly about the incident for the first time. Rapp said that one night after a party, Spacey lifted Rapp onto his bed, climbed on top of him and made sexual advances. Both Rapp and Spacey were performing on Broadway at the time. Rapp told Buzzfeed that he’s speaking out “not to simply air a grievance . . . but to try to shine another light on the decades of behavior that have been allowed to continue because many people, including myself, being silent.” Representatives for Spacey did not respond to the report. Rapp now stars in CBS Corp.’s “Star Trek: Discovery.” Spacey has won Oscar, Tony and Golden Globe awards, and now stars in the Netflix Inc. series “House of Cards.”

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Another Hollywood executive has been ousted following sexual harassment allegations, according to a report Sunday by the Hollywood Reporter. Andrew Kramer, who was chief operations officer of international for Lions Gate Entertainment Corp.’s Lionsgate Motion Picture Group, reportedly left the company Thursday. A number of sources told the Hollywood Reporter that Kramer was investigated over an inappropriate incident earlier this year at the Berlin Film Festival. Sources told the Hollywood Reporter that while the main reason for Kramer’s departure was a corporate restructuring, the harassment claim “didn’t help.” Kramer formerly worked at the Weinstein Co., which is currently up for sale following multiple allegations of sexual harassment, sexual abuse and rape by now-ousted co-founder Harvey Weinstein. Earlier this month, Amazon Studios chief Roy Price resigned after being suspended over sexual harassment allegations.

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Two members of the U.S. Navy’s elite SEAL Team 6 are being investigated in the strangulation death of an Army Green Beret in Mali, according to reports Sunday. The New York Times first reported the probe into the death of a staff sergeant found dead in U.S. embassy housing in the Malian capital of Bamako on June 4. U.S. officials later confirmed the investigation with ABC News. While the Naval Criminal Investigative Service has not charged anyone yet, the two SEAL members are considered “persons of interest” in the homicide, the Times reported. The two have since been placed in administrative leave. No motive for the alleged crime has been established. The West African country of Mali borders Niger, where four U.S. soldiers were killed during an ambush earlier this month. Hundreds of U.S. special operations troops are stationed across West Africa, largely to train local troops in anti-terrorism operations.

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Treasury Secretary Steven Mnuchin said Saturday he did not threaten to sanction Turkish banks in a recent conversation with a senior government official, quieting rumors that had jarred that country’s markets earlier this week. “Turkey is not the focus right now, for the moment,” Mnuchin told the Wall Street Journal and other reporters traveling with him on a trip through the Middle East. Amid an escalation of U.S. sanctions against Iran for its ballistic missile program, Turkish media reported that the U.S. would sanction six Turkish banks that maintained business relations with Iran’s sanctioned military unit. “There is no truth to those rumors,” Mnuchin said. “I did have discussions with them [on the sidelines of a global finance ministers’ meeting in Washington earlier this month] but I did not have specific conversations on sanctions.”

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Merck & Co. shares fell in the extended session Friday after the drug maker said it was no longer pursuing market approval for a lung cancer drug in Europe. Merck shares declined 2.3% to $56.91 after hours, adding to a 6.1% drop during Friday’s regular session after the company reported a cyberattack in June hurt sales by at least $135 million in the third quarter. Not only did that wipe out earlier gains following an earnings beat, but put Merck shares at a 1.1% loss for the year. Late Friday, Merck said that it had withdrawn its European application for Keytruda to treat metastatic nonsquamous non-small cell lung cancer, but did not list a specific reason for the withdrawal. Earlier in the year, Merck shares slipped 1.7% on July 6 after the company said it was halting three U.S. clinical studies for Keytruda in the treatment of certain blood cancers.

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S&P Global Ratings upgraded Friday the credit rating of Italy’s sovereign debt one notch to BBB from BBB-. They cited the improvement in growth prospects, rising business investment and diminished risks in the banking sector. The ratings firms’ analysts said they had confidence the government could cut its “very high” debt levels. Italy’s debt to GDP ratio stood at 132.6% in 2016, compared with 99.8% in 2007.

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Microsoft Corp. closed at a record share price of $83.81 Friday, and its market cap moved higher than $650 billion in intraday trading just a week after the company pushed past $600 billion for the first time since the dot-com boom. The stock hit an intraday record of $86.25 after Microsoft announced a big earnings beat Thursday afternoon, a 9.5% gain that was Microsoft’s biggest intraday move in more than two years. Shares ended the day up 6.4%, just behind Intel Corp. , which also spiked after a strong earnings report, for the best-performing component of the Dow Jones industrial average . FactSet tracked 19 analysts raising their price target on Microsoft after the earnings, with one rating change from hold to buy and one downgrade from buy to hold. Microsoft’s closing price represented a market cap of $646.6 billion, according to FactSet.

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Amazon.com Inc. stock reached a record closing high with its best one-day percentage gain in more than two years Friday, as a strong earnings report pushed the company’s market capitalization up more than $60 billion. Amazon shares closed higher than $1,100 for the first time with a 13.2% gain to $1,100.95, the biggest daily jump for the e-commerce giant since April 24, 2015. Amazon added nearly $62 billion to its market capitalization, which ended the session at $529.1 billion, according to FactSet. Amazon was joined in record high prices by two other tech companies and rivals in cloud-computing that reported earnings Thursday afternoon, Microsoft Corp. and Alphabet Inc. , which helped to push the Nasdaq composite index toward its strongest gains vs. the Dow Jones industrial average since 2002.

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