Shares of Intuitive Machines shot up 43% in premarket trading after the space exploration company became the first private firm to successfully land a spacecraft on the moon.
Futures for Canada’s main stock index were muted on Friday after hitting a 22-month high on a tech-fueled rally in the previous session, while weakness in commodity prices weighed on the index.
Shares of Jack Dorsey-led Block jumped 15% before the bell on Friday, extending gains from the previous session, as cost cuts helped the payments firm forecast first-quarter core earnings above Wall Street expectations.
Investors reduced their holdings in global equity funds in the seven days up to Feb. 21 as unexpected robust inflation data tempered expectations for an imminent Federal Reserve rate cut.
Investors poured cash into money market funds at the fastest pace on record in the first weeks of the year, and funnelled another $15 billion into equities in the week to Wednesday, Bank of America Global Research said on Friday.
Warner Bros Discovery reported a bigger-than-expected quarterly loss on Friday, as the media conglomerate battled the fallout of the twin Hollywood strikes on content generation and a weak advertising market.
Chipmaker Nvidia Corp has become the world’s fourth largest company by market capitalisation, after a 16.4% surge on Thursday when a quarterly earnings report surpassed analysts’ expectations.
Mexico’s outgoing president has taken steps to promote a smooth hand-off for national oil company Pemex, three sources told Reuters, but the latest moves will likely postpone a day of reckoning for the world’s most heavily-indebted oil company.
U.S. officials continue to discuss with allies what to do with Russian assets immobilized after Moscow’s invasion of Ukraine two years ago, a senior U.S. official said, as Treasury Secretary Janet Yellen heads to Brazil on Sunday to meet Group of 20 counterparts, some of whom continue to trade with Russia.
