CEOs get $800,000 pay raise, leaving workers further behind

Tech 05/24/19, 10:20

Did you get a 7% raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got. But for chief executives, that 7% was roughly $800,000.Pay for CEOs at S&P 500 companies rose to a median of $12 million last year, including salary, stock and other ...

1Q Earnings Wrap: When nothing is better

Business 05/16/19, 11:19

Behold the power of low expectations.Nearly all the companies in the S&P 500 have said how much profit they made in the first three months of the year, and growth looks to be close to nil. That's usually a frightening thing for investors because stock prices tend to follow the ...

Update: SEC says Tesla CEO should face substantial fines

Business 04/04/19, 14:20

The Latest on Tesla CEO Elon Musk's legal problems (all times local):3:10 p.m.A lawyer for the U.S. Securities and Exchange Commission has told a judge that Tesla CEO Elon Musk should face substantial escalating fines if he keeps violating a deal with the SEC.Tesla CEO Elon Musk, center, arrives at ...

Global stocks follow Wall Street higher on upbeat data

Europe 04/02/19, 03:53

Global stock prices followed Wall Street higher Tuesday on encouraging economic data despite uncertainty over Britain's departure from the European Union.Benchmarks in London, Frankfurt, Shanghai and Hong Kong gained while Tokyo was flat. Oil prices rose again, adding to Monday's big gains.Investors were encouraged by unexpectedly strong manufacturing data from ...

Asian stocks follow Wall Street higher on upbeat data

Business 04/02/19, 00:44

Asian stock prices followed Wall Street higher Tuesday on encouraging global economic data.Benchmarks in Shanghai, Tokyo and Seoul all advanced. Oil prices advanced again, adding to Monday's big gains.Investors were encouraged by manufacturing indicators that showed activity in China and the United States improving. A separate report showed U.S. construction ...

Weak sales report sinks stock prices in early trading

Business 02/14/19, 10:28

New figures showing that last month's holiday sales were far worse than previously expected helped drive stocks lower on Wall Street early Thursday, threatening to end a four-day winning streak for the S&P 500 index. The surprise drop in December sales, the worst in the decade, sank a range of stocks, ...

Jittery Wall Street has a lot ahead to be nervous about

Business 01/07/19, 00:19

Welcome to the brave new world of investing, where every day in the stock market can feel like bedlam.Investors have been careening from fear to relief and back again as they react to morsels of news about the health of the economy and corporate profits, the global trade war and ...

US stocks fall again following several days of steep losses

Business 12/20/18, 11:44

Stock prices are falling further on Wall Street Thursday, a day after another big plunge rocked markets around the world.The benchmark S&P 500 index has slumped more than 6 percent in the last six days and is now 15 percent below the peak it reached in late September. After steady ...

Wall Street whiplash: Stocks’ volatility looks here to stay

Business 12/07/18, 18:27

The stock market hasn't been this dizzying in years, and investors may need to get used to it.The S&P 500 slid 4.6 percent this past week as worries piled up about the economy's strength, global trade and interest rates. It was a whiplash-inducing reversal from the prior week, when the ...

US average mortgage rates fall; 30-year loan at 4.75%

Business 12/06/18, 11:10

U.S. long-term mortgage rates fell this week amid a steep decline in stock prices.Continued slides in the stock market and tumbling oil prices have been pushing mortgage rates lower, although home borrowing rates remain much higher than a year ago. Mortgage giant Freddie Mac says the average rate on the ...

Asian shares skid as Huawei CFO arrest revives trade jitters

Business 12/06/18, 00:41

Asian stock prices skidded Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could derail progress in China-U.S. trade talks.KEEPING SCORE: Hong Kong's Hang Seng index tumbled 2.7 percent to 26,081.73 and Japan's benchmark Nikkei 225 fell 2.5 percent to 21,373.83. Australia's S&P/ASX 200 ...

California utility shares rise as regulator calms investors

U.S. 11/16/18, 15:26

Shares of Pacific Gas & Electric Co. soared Friday after California's top utility regulator said his agency will help the company deal with potentially crippling liability costs from wildfires.Stock prices soared 36 percent in midday trading after plunging 60 percent and losing $15 billion in valuation in the week following ...

Chinese leaders struggle to dispel stock market gloom

Business 11/08/18, 21:10

Lu Yushan, a retired salesman, has advice for investors in China's slumping stock market: Sell.Lu's shares soared over the past decade. But the 65-year-old cashed out this year, driven away by plunging prices, insider trading scandals, a cooling economy and a tariff war with Washington."Investors should get out," said Lu, ...

Investors wonder if earnings growth is as good as it’ll get

Business 11/08/18, 12:00

Here's the challenge when something's as good as it gets: What comes next?Companies across industries are in the midst of reporting another quarter of gargantuan profit growth, driven by lower tax bills and a growing economy. Amazon said its net income surged more than tenfold during the summer from a ...

As stock prices go on discount, their biggest buyers return

Business 11/01/18, 10:53

The biggest buyers of stocks are coming back.More than any other group, companies themselves are the largest purchasers of their own shares. But they were notably absent from the market the last few weeks, just as stock prices were tumbling on worries about global trade and rising interest rates.Businesses were ...

Asian stocks mixed after Wall Street tumble

Business 10/29/18, 02:10

Asian stock prices were mixed Monday after Wall Street extended its slide, fueling concern about the global market outlook.KEEPINGS SCORE: The Shanghai Composite Index lost 1.9 percent to 2,549.69 while Tokyo's Nikkei 225 slipped 0.2 percent to 21,149.80. Hong Kong's Hang Seng lost 0.2 percent to 24,656.55 and Sydney's S&P-ASX ...

Asian stocks mixed after Wall Street tumble

Asia & Pacific 10/28/18, 23:57

Asian stock prices were mixed Monday after Wall Street extended its slide, fueling concern about the global market outlook.KEEPINGS SCORE: The Shanghai Composite Index lost 1.1 percent to 2,570.17 while Tokyo's Nikkei 225 gained 0.5 percent to 21,293.11. Hong Kong's Hang Seng gained 0.25 percent to 24,780.02 and Sydney's S&P-ASX ...

Rising interest rates weigh on high-flying tech stocks

Tech 10/11/18, 03:09

Technology and internet stocks have led the way for much of Wall Street's bull market run, propelling the stocks of big names like Apple, Amazon and Google's parent company sharply higher along the way.Now those high-flying stocks are at the forefront of a wave of selling as investors fret about ...

Sponsor downplays Ronaldo on website; Juventus shares drop

Soccer 10/05/18, 16:45

Cristiano Ronaldo's image is vanishing from the website of a key sponsor. The stock price for his Juventus team dropped 10 percent on Friday.A week after a Nevada woman filed a civil lawsuit accusing Ronaldo of rape in 2009, attempts by the five-time world player of the year and his ...

Tesla without Musk at the wheel? That’s what the SEC wants

Business 09/28/18, 08:03

Tesla without Elon Musk at the wheel? To many of the electric car maker's customers and investors that would be unthinkable. But that's what government securities regulators now want to see.The Securities and Exchange Commission has asked a federal court to oust Musk as Tesla's chairman and CEO, alleging he ...

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