Global Markets: U.S. adds more sanctions on Russia

By Glen Hallick

 

Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.

 

 

  • Tech giant Nvidia added US$277 billion to its value on Thursday, the day after the world’s largest stock released its quarterly earnings report. Nvidia’s market capitalization hit US$1.96 trillion when it’s stock surged more than 16 per cent to close at a record US$785.38.

 

  • Lynx Air announced late Thursday that it will cease operations as of 12:01 am MDT on Feb. 26. After two years of financially troubled operations, the Canadian discount airline filed for creditor protection from the Court of King’s Bench of Alberta. WestJet said it will aid Lynx passengers, including 25 per cent discounts on routes that its competitor also flew.

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