Build-A-Bear stock soars 62% as toy company prepares for Baby Yoda
Build-A-Bear Workshop Inc. BBW, +0.20% stock has soared nearly 63% over the past month, with the toy retailer preparing to launch a Baby Yoda toy in spring 2020 both online and in-stores. The stock has struggled over the past year, down 5.5% even as the S&P 500 index SPX, +0.00% has rallied 24.6%. However, the popularity of the Baby Yoda character has given shares a boost, with Build-A-Bear ending last week up 55.7%. The company announced the plan for a new toy at the ICR Conference, which took place last week. Walt Disney Co DIS, -0.33%said in December that it was also putting out a Baby Yoda plush toy. Build-A-Bear said more details about the toy are coming soon.
Bull trend persists, S&P 500 digests powerful rally atop 20-day volatility bands
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Technically speaking, the U.S. benchmarks are off to a strong 2020 start, rising amid bullish market rotation.
Against this backdrop, the S&P 500 has extended a decisive January breakout, while the small- and mid-caps have belatedly come to life, rising last week amid statistically unusual bullish momentum.
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Microsoft Fixes Windows Crypto Bug
Microsoft has released a security update to fix a dangerous vulnerability that impact Windows 10 operating system.
The bug was discovered and reported by the US National Security Agency.
A spoofing vulnerability exists in the way Windows CryptoAPI validates Elliptic Curve Cryptography certificates, Microsoft said in a statement.
The cryptographic component CryptoAPI has a function that allows developers to digitally sign their software, proving that the software has not been tampered with.
But the bug may allow attackers to exploit the vulnerability by using a spoofed code-signing certificate to sign a malicious executable, making it appear the file was from a trusted, legitimate source.
The company noted that the user would have no way of knowing the file was malicious, because the digital signature would appear to be from a trusted provider.
Microsoft said, “The security update addresses the vulnerability by ensuring that Windows CryptoAPI completely validates ECC certificates.”
Gold Futures Settle Modestly Lower
Gold prices edged lower on Tuesday, giving up early gains, as traders weighed the impact of the coronavirus outbreak in China on the demand for the yellow metal. A downward revision on global growth forecast by the International Monetary Fund weighed as well on the commodity.
Easing concerns about tensions in the Middle East too contributed to gold’s decline.
Gold futures for February ended down $2.40, or about 0.2%, at $1,557.90 an ounce.
Gold futures for February ended up $9.80, or about 0.6%, at $1,560.30 an ounce on Friday. There was no settlement for gold futures contract on Monday due to holiday for Martin Luther King Jr Day.
Silver futures for March ended down $0.265 at $17.808 an ounce, while Copper futures for March settled lower by $0.0520 at $2.7935 per pound.
On Monday, the International Monetary Fund cut the global growth forecasts for this year and next, mainly due to the weaker-than-expected expansion in India.
Global growth for this year is projected at 3.3%, which is 0.1 percentage point less than the forecast made in October, the international lender said in the latest update to its World Economic Outlook report.
The growth rate is projected to rise to 3.4% next year, which is 0.2 percentage points less than the October forecast. The growth estimate for 2019 was lowered to 2.9% from 3%.
The World Economic Forum in Davos was in focus. Traders were also looking ahead to the European Central Bank’s monetary policy meeting.
Diplomat Nassif Hitti to be named Lebanon foreign minister: sources
BEIRUT (Reuters) – A former Lebanese ambassador to the Arab League, Nassif Hitti, is set to be named foreign minister in the new government, two senior political sources told Reuters on Tuesday.
Lebanon’s new government will be announced later on Tuesday, political sources and local media said, after Hezbollah and its allies clinched a deal on a cabinet that must tackle a deep economic crisis.
Donald Trump impeachment: The lingo explained
After months of speculation, deliberation, testimony and public hearings, impeachment proceedings against Donald Trump have reached the trial stage.
But much like the political machinations of the UK, the Americans do not always make it easy to keep track of what is going on and what it all means.
From high crimes and misdemeanours to a quid pro quo, swipe or scroll across the cards below to help you make sense of a trial that could see the US president removed from office.
Boeing stock halted for news pending amid reports of further delays for 737 Max fleet
Boeing Co. stock BA, -5.52% was halted Tuesday afternoon for news pending, after falling 5.5%. Ahead of an official release, there were media reports that regulators are not expected to sign off on the company’s 737 Max until June or July, months later than expected. The entire fleet has been grounded since two fatal crashes that are understood to be related to the company’s MCAS system.