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Tesla 2019 Sales Hit Goals, Rise Over 50% From Previous Year

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...

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...

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...

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