Optimism about tax cuts, stimulus and a pullback on Obama-era regulatory reforms by President Trump and Republicans in Congress has Wall Street feeling giddy.
It's a sad sign for retail when a company that sells lingerie, bras and other intimate apparel had a lousy Valentine's Day. L Brands shares plummeted after saying that sales at Victoria's Secret were down sharply in February.
Investors have grown increasingly concerned about the rise of populist French politician Marine Le Pen, who is a leading contender in the French presidential elections.
Restaurant Brands, the company that owns Burger King and Tim Hortons, is buying Popeyes Louisiana Kitchen for nearly $2 billion. Shares of both companies surged on the news. The deal is a win for Warren Buffett, too.
Walmart reported surprisingly strong growth in its e-commerce operations, thanks to its recent purchase of Jet and online grocery sales. Walmart is taking the threat from Amazon seriously, and digital investments are starting to pay off.