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Elon Musk: Tesla to accept orders on new car
Tesla Motors will begin accepting reservations on its mass-market electric vehicle in March, even though analysts say anyone who pre-orders the vehicle will have to wait at least two years to get it....
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Tech Five: Twitter hits new low off flat user growth
Shares of Twitter and Zynga are getting slammed during early Thursday trading as Wall Street prepares for another round of tech earnings after the bell. Twitter. Shares of the social network hit a new...
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Market eyes key levels and bear tracks
Will the Standard & Poor’s 500 stock index succumb to the Wall Street bear that’s stalking it. The large-company stock index kicks off Thursday’s trading session down 13.1% from its record closing...
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Stock rout intensifies in flight to safety: Dow plunges 300+, gold surges
The 2016 stock market rout intensified Thursday with the Dow tumbling almost 400 points as investors spooked by plunging bank stocks in Europe, a further slide in oil prices and angst over Federal...
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Morgan Stanley to pay $3.2B in mortgage settlements
Morgan Stanley (MS) has agreed to pay $3.2 billion to settle civil allegations the New York-based bank misled customers about the quality of mortgage-backed securities that soured during the nation’s...
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Off-shore driller tumbles into Chapter 11 bankruptcy
Oil driller Paragon Offshore tumbled into Chapter 11 bankruptcy Sunday, becoming the latest victim of rock-bottom oil prices in a year likely to see more energy companies face insolvency. Paragon said...
View ArticleSoftbank plans $4.4 billion share buyback
Japanese telecommunications giant Softbank has announced its largest ever stock buyback of about $4.4 billion. This repurchase of common stock follows an August 2015 buyback of about $1 billion, done...
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Baidu shares up on buyout offer
Chinese company Baidu and payments service Square are moving up in morning trading, while game publisher Activision is sliding- Baidu. Shares of the Chinese Internet search provider surged after the...
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Bank stocks take investors to the cleaners
It’s no surprise energy stocks are in a world of hurt — that’s what happens when oil is this cheap. But seeing bank stocks fall apart is the latest chapter in the unfolding sell-off, and a much scarier...
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Dow jumps 314 as oil has best day in 7 years
U.S. stocks rallied in a big way Friday, getting a lift from an explosive rally in oil and some good news in the beleaguered banking sector. The Dow Jones industrials snapped a five-day losing streak,...
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Pandora shares bounce after Q4 earnings miss and sale report
Pandora shares fell more than 6% after the Net radio provider posted a net loss the fourth quarter and fiscal 2015. Pandora (P) shares fell 6.5% to $8.50 in after-hours trading Thursday. Earlier in the...
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Global markets rally as Japanese stocks surge 7% on extra stimulus hopes
European and Asian markets rallied Monday as Japanese stocks surged after dismal growth data raised hopes of extra stimulus from Tokyo. Japan’s Nikkei 225 index rebounded from a 5% dive last week to...
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Fed minutes could shed light on rate hikes
Federal Reserve Chair Janet Yellen signaled this past week the central bank will be reluctant to raise interest rates next month if global economic troubles and the punishing slide in markets don’t...
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HSBC warns of bumpy outlook as 2015 profit dips
HSBC warned of a “bumpier” global financial outlook thanks to China’s slowing economy, as it reported Monday that profit dipped slightly last year. Europe’s biggest bank posted a net profit of $13.5...
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IRS audit rates of large corporations hit 10-year low
Large U.S. corporations had a good tax-filing season in 2015. Firms with at least $10 million in assets faced the lowest IRS audit rates in at least a decade as the tax agency coped with staffing...
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Apple says iPhone ID change prevented data access
The ID passcode to the iPhone the FBI wants Apple to hack for information about one of the San Bernardino, Calif., terrorists was changed less than a day after the government gained possession of it,...
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HTC to start preorders on $799 Vive VR Feb. 29
A year after first showcasing its Vive virtual reality system at Mobile World Congress, HTC, in partnership with Valve, announced the consumer version of the system at this year’s event. It will cost...
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Valeant Pharmaceuticals share plunge
Shares of embattled drugmaker Valeant Pharmaceuticals International International (VRX) nosedived Monday amid a report late Monday that the Canada-based company would restate some of its financial...
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Profit, economic recovery key to stock rally
Stocks kicked off the week in rally mode, building on its best week of the year. But for the bounce after a bruising start to the year to be sustainable, Wall Street pros say earnings growth has to...
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Allergan earnings top Wall Street forecasts
Shares of Allergan (AGN), the pending merger partner of U.S. pharmaceutical giant Pfizer, rose Monday after the Ireland-based company reported fourth-quarter earnings that topped Wall Street forecasts....
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