Markets Right Now: Stocks on track for worst week of year

Business 05/10/19, 11:03

The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are falling again on Wall Street after the U.S. and China failed to reach a trade deal, triggering a round of higher tariffs on Chinese goods. FILE- In this March 11, 2019, file photo specialist Donald Himpele Jr. works at ...

Your Uber has arrived, on Wall Street

Business 05/10/19, 06:42

Uber's next stop is the stock market, where it hopes to pick up more investors willing to bet on a ride-hailing market brimming with potential and conspicuously lacking in profits.The world's largest ride-hailing service reached a major milestone Thursday when Uber priced its long-awaited initial public offering at $45 price ...

Asia shares mostly gain, Shanghai up 3% after US tariff hike

Business 05/10/19, 02:44

Shares were mostly higher in Asia on Friday in volatile trading, with mainland Chinese stocks bouncing more than 3% as regulators apparently stepped in to support the markets. The Shanghai Composite index surged 3.1% to 2,939.21 while the A-share index in the smaller market of Shenzhen jumped 3.8%. Traders said Chinese ...

Powell says policies needed for income growth slowdown

Business 05/09/19, 11:03

Federal Reserve Chairman Jerome Powell said Thursday the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility.In a speech at a Fed research conference, Powell said that incomes have grown more slowly for middle-class families since the 1970s than for higher-income ...

Health care debate hobbles stock in drugmakers, insurers

Health 05/09/19, 09:14

While much of the stock market sprints ahead powered by economic gains and investor confidence, the health care sector is limping behind.Drugmakers and health insurers have been on the defensive most of the year as politicians criticize the high cost of prescription drugs and medical care. The issue is acting ...

Stocks tumble around world as trade-war deadline approaches

Business 05/09/19, 09:05

U.S. stocks slumped with other markets around the world Thursday after China said it would retaliate if the U.S. follows through with a plan to raise tariffs on Chinese imports. Trade tensions between the world's two largest economies are dragging down stocks from Mumbai to Milan as the hours tick down ...

Chinese companies brace for tariff hike as trade talks begin

Business 05/09/19, 08:15

Chinese exporters of all sorts of products, from power adapters and computers to vacuum cleaners, are anxiously hoping trade talks in Washington this week will yield a deal that might stave off higher U.S. tariffs on imports from China. Companies across China are bracing for a tariff hike after President Donald ...

Asian shares mostly lower amid jitters ahead of trade talks

Business 05/09/19, 01:21

Share sank in Asia Thursday as investors fretted over trade tensions between the U.S. and China. Hong Kong's Hang Seng index skidded 1.8% to 28,482.09 and Japan's benchmark Nikkei 225 slipped 0.9% to 21,402.13. Australia's S&P/ASX 200 gained 0.3% to 6,290.40. South Korea's Kospi dropped 2.6% to 2,111.38. The Shanghai Composite ...

What market tumble? Workers up 401(k) savings to record

U.S. 05/08/19, 23:44

Last year's tumble for the stock market wasn't enough to scare workers off of saving for retirement. Instead, many ended up saving more.Even after a nearly 20% plunge for the S&P 500 rattled nerves at the close of 2018, workers upped their contributions into 401(k) accounts in the ensuing months. ...

Europeans struggle to preserve Iran nuclear accord

Europe 05/08/19, 14:09

The world powers struggling to preserve a nuclear deal with Iran are facing an increasingly uphill battle, with a new deadline from Tehran on finding a solution to make up for last year's unilateral U.S. withdrawal from the accord and the increasing economic hardship that has put on the Islamic ...

US stocks move sideways as investors eye trade talks

Business 05/08/19, 09:34

U.S. stocks swung between gains and losses in morning trading on Wall Street Wednesday as investors wait for key trade talks between the U.S. and China to start this week. Investors have been on edge since President Donald Trump threatened to impose more tariffs on Chinese goods. Negotiations between the U.S. ...

US-China trade fears unnerve investors, pulling shares lower

Business 05/08/19, 00:35

Shares skidded in Asia on Wednesday after the Dow Jones Industrial Average tumbled more than 470 points overnight amid mounting trade tensions between the U.S. and China. Japan's Nikkei 225 index dropped 1.8% to 21,537.24 and the Hang Seng in Hong Kong sank 0.7% to 29,156.23. Australia's S&P ASX 200 gave ...

Asia stocks mixed, Tokyo declines after Trump trade threat

Business 05/07/19, 00:36

Asian stock markets steadied on Tuesday after Beijing said trade negotiators were preparing to go to Washington despite President Donald Trump's threat to escalate their tariff war. Benchmarks in Shanghai and Sydney rose. Hong Kong gave up early gains and Tokyo declined as trading resumed following a weeklong holiday. Trump's surprise threat ...

US stocks slide after threat from Trump to raise tariffs

Business 05/06/19, 17:01

Fresh market jitters over the possibility of an escalation in the costly trade war between the U.S. and China pulled stocks broadly lower on Wall Street Monday. President Donald Trump threatened over the weekend to raise tariffs on goods imported from China. Trump complained that the trade talks between the two ...

Game of Thrones: Like many CEOs, Dany sees confidence slip

Entertainment 05/06/19, 14:56

Faith is waning in Daenerys Targaryen's ability to conquer and then justly rule Westeros.The Mother of Dragons is down to only one firedrake, after a barrage of oversized crossbow bolts from an enemy ship killed her dragon Rhaegal. As the playwright Oscar Wilde might say, to lose one dragon may ...

Markets swoon after Trump threatens to hike China tariffs

Business 05/06/19, 07:01

Stock markets around the world, particularly in Asia, fell sharply Monday after U.S. President Donald Trump threatened to increase tariffs on imports from China at a time when many investors were banking on an easing in trade tensions between the two countries. Investors started the new week on a downbeat tone ...

Markets plunge after Trump threatens new China tariff hike

Business 05/06/19, 01:32

Shares and oil prices have tumbled after President Donald Trump jolted markets with a threat to raise more tariffs on imports from China, spooking investors who had been expecting good news this week on trade. The Shanghai Composite index plunged 6.5% to 2,877.71, and the Hang Seng in Hong Kong sank ...

Asian markets plunge after Trump threatens China tariff hike

Business 05/05/19, 23:36

Shares tumbled in Asia early Monday after President Donald Trump threatened to impose more tariffs on China, spooking investors who had been expecting good news this week on trade. The Shanghai Composite index plunged 5.2% to 2,918.65, and the Hang Seng in Hong Kong sank 3.4% to 29,060.87. The future contract ...

Report: Uber barring its ex CEO from NYSE balcony during IPO

Business 05/03/19, 19:32

Uber's CEO is barring his predecessor from taking part in the opening-bell ceremony at the New York Stock Exchange next week, when the ride-hailing company is expected to make its hotly anticipated stock market debut.In a report published Friday, The New York Times cites unnamed sources who say Uber CEO ...

Solid jobs report, earnings push stocks broadly higher

Business 05/03/19, 09:26

U.S. stocks moved broadly higher in early trading on Wall Street Friday and are on track to bounce back after a two-day slide.Major indexes, including the S&P 500, are still heading for weekly losses. First quarter company earnings have come in mixed so far, but they have been good enough ...

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