DETROIT — Tesla's global deliveries rose more than 50% last year, meaning the company surpassed the low end of its sales goals for 2019. The announcement Friday pushed Tesla's shares up more than 4% to a record high of $449.37. The stock hit a record last week in anticipation of...
Global Stocks Rise on Optimism About US-China Deal
TOKYO — Global shares rose Thursday on optimism about a U.S.-China trade deal and the Chinese government's efforts to boost its economy. France's CAC 40 rose 1.4% to 6,058 on the new year's first day of trading, while Germany's DAX was 1% higher at 13,382. Britain's FTSE 100 added 1%...
Saudi Stock Offering Creates World's Most Valuable Company
RIYADH, Saudi Arabia — Saudi Arabian oil company Aramco surpassed Apple as the world's most valuable public company Wednesday when its shares made their debut on the Saudi stock exchange, part of an ambitious shift away from the very fossil fuels the country's economy depends on. The shares' 10% rally...
Chevron Will Write Down Assets by at Least $10 Billion
SAN RAMON — Chevron Corp. said Tuesday it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets. More than half the write-down is related to gas drilling operations in Appalachia. The huge fourth-quarter write-down...
Uber Shares Continue to Slide in First Full Day of Trading
NEW YORK — Uber shares were down 8% in morning trading Monday and dipped below $38 after the opening bell. Monday was the first full day of trading for the ride-hailing company after its rocky debut on the stock market Friday. Its shares had been priced at $45 each. It's...
Pinterest Prices Public Offering at $19 per Share
SAN FRANCISCO — Pinterest is pricing its shares at $19 for its initial public offering Thursday, putting it on track to raise more than $1.4 billion. The digital scrapbooking and image search site said last week it expected to sell 75 million shares at a price between $15 and $17...
Can ‘Craft Weed’ Compete With ‘Big Marijuana’?
You’ve heard of Big Pharma and Big Tobacco. How about Big Marijuana? The drug’s growing legalization is raising concerns among small-scale marijuana farmers and retailers that the corporatization of weed may be right around the corner. For example, earlier this year NASDAQ became the first major U.S. stock exchange to...
Zuckerberg Loses $16 Billion in a Day. Facebook Stock Plunges.
NEW YORK — Facebook faced a day of reckoning as its shares plunged Thursday in the company's worst trading day since going public in 2012. It was among the biggest one-day losses of market value in U.S. stock market history. The 19 percent drop in Facebook shares vaporized $119 billion...