stocks

With its initial public offering on Friday, Uber hopes to raise billions of dollars, but analysts wonder when the ride-hailing company will turn a profit.

Economy

Uber's Eye-Popping IPO Approaches. Is It Really Worth $90 Billion?

8:05am May 09, 2019

by Camila Domonoske

Uber has never been profitable, yet the ride-hailing company may be valued at as much as $90 billion when it goes public Friday. It will be one of the largest tech IPOs ever.

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Stock Markets In Turmoil Amid Uncertainty Over U.S.-China Trade Talks

4:18pm May 07, 2019

by Avie Schneider

The Dow Jones Industrial Average and other major stock indexes plunged Tuesday after Trump administration officials accused Beijing of reneging on commitments it had already made in the talks.

Stock figures of the top 10 active securities are displayed outside the Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong on Monday. Asian markets closed mostly higher ahead of U.S. China talks.

Asian Markets Close Higher Reflecting Optimism Ahead Of U.S.-China Talks

12:57pm February 11, 2019

by Amy Held

Indexes climbed on Monday as Washington and Beijing officials continue to try to hash out a deal and avoid an escalation of a trade war.

People walk past an Apple store in Beijing in December 2018. Apple CEO cited weaker-than-expected iPhone sales in China as the company lowered its quarterly revenue estimates Wednesday.

World News

China Takes Wind Out Of Apple iPhone Sales

7:49pm January 02, 2019

by Avie Schneider

Apple cut billions from its revenue estimates amid slower sales in China. In August, Apple became the first firm worth $1 trillion, but its stock is down more than 30 percent in the past three months.

With the Dow swinging up and down hundreds of points in a day, investors are feeling queasy. One economist says uncertainty in the stock markets may mean turbulence will continue in the new year.

Economy

Stock Market Gyrations Making You Dizzy? Get Used To It, Analysts Say

4:30pm December 31, 2018

by Jim Zarroli

With the Dow swinging up and down hundreds of points in a day, investors are feeling queasy. One economist says uncertainty in the stock markets may mean turbulence will continue in the new year.

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People look at cars at a Tesla showroom in New York City. Tesla CEO Elon Musk, reportedly under scrutiny by federal regulators for earlier statements, says Saudi Arabia's sovereign wealth fund is looking to diversify away from oil with a bigger investment

World News

Elon Musk Says Saudi Investment Fund Could Help Him Take Tesla Private

5:06pm August 13, 2018

by Avie Schneider

The Tesla CEO, reportedly under scrutiny by federal regulators for earlier statements, says the Saudi fund is looking to diversify away from oil with a bigger investment in the electric car company.

Apple, the world's most valuable publicly traded company, became the first to reach the milestone $1 trillion market value.

National

Apple Becomes World's 1st Private-Sector Company Worth $1 Trillion

4:36pm August 02, 2018

The tech giant and the world's most valuable publicly traded company became first to reach the milestone market value. Amazon is also approaching $1 trillion in value, but Apple got there first.

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Trader Tommy Kalikas works Monday on the floor of the New York Stock Exchange. Major stock indexes fell sharply, led by tech stocks, amid fears of an intensifying U.S. trade war with China.

Economy

U.S. Stocks Tumble Amid Nervousness Over Tech Sector, China Trade War

5:14pm April 02, 2018

by Avie Schneider

The Dow fell more than 700 points before recovering to close down 1.9 percent. Amazon tumbled more than 5 percent after President Trump criticized the company in tweets.

The Nasdaq composite index, which includes many tech stocks, has lost nearly 7 percent since March 12.

Economy

Tech Stocks Have Lost Some Of Their Luster, Dragging The Stock Market Lower

12:32am March 30, 2018

by Jim Zarroli

Technology stocks ranging from Amazon to Facebook to Apple have been hammered in recent days, driving broader declines in the market. There are growing calls to regulate big tech companies.

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Carl Icahn quit his job as a special adviser to the president in August of last year, hours before an article about the conflicts of interest created by his advisory role published in The New Yorker.

Politics & Government

Before Trump Announced Tariffs, Icahn Sold Off Millions In Steel-Related Stocks

7:20pm March 03, 2018

by Miles Parks

A special adviser to the president until August 2017, Carl Icahn has earlier said he never had access to nonpublic information or profited from his onetime position in the administration.