Stocks gain...Demonstrators gather ahead of Brexit vote...Hacking charges filed
NEW YORK (AP) — Stock indexes in the U.S. are rising to their highest levels in a month. Netflix led a rally in internet and technology companies after saying it will raise prices for its subscription plans in the U.S. Health care companies and banks rose as major companies including UnitedHealth and JPMorgan Chase announced their fourth-quarter results.
LONDON (AP) — Rival groups of pro-Brexit and pro-EU demonstrators have been rallying outside Britain’s Parliament ahead of today’s historic vote on a divorce deal with the European Union. Protesters seeking a new referendum on Britain’s membership in the bloc are waving blue-and-yellow EU flags. Others, who want the U.K. to make a clean break with the EU, are brandishing placards declaring “leave means leave.”
NEWARK, N.J. (AP) — Two Ukrainian men have been charged with hacking into computers of the Securities and Exchange Commission to steal quarterly and annual reports of publicly traded companies before their public release. An indictment alleges the two men (Artem Radchenko and Oleksandr Ieremenko) sold the information and used it to make stock trades in 2016 and 2017. Both men are fugitives.
WASHINGTON (AP) — The partial government shutdown is slowing plans by some companies to issue stock to the public and potentially cutting off a key source of capital for the financial markets. The shutdown, now in its fourth week, has all but darkened the Securities and Exchange Commission, the government agency that oversees the markets. Most of the SEC’s 4,400-person staff is furloughed, including lawyers and other staffers who must approve corporate paperwork for initial public offerings.
GENEVA (AP) — World Economic Forum executives say government leaders like Germany’s Angela Merkel, Israel’s Benjamin Netanyahu and Shinzo Abe of Japan will be among those attending its annual Davos event. President Donald Trump had planned to attend the event next week but withdrew amid the U.S. government shutdown. Other top U.S. officials are expected.