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Stocks News

Tesla shares tumble after Musk tweet controversy

New York - Tesla shares stumbled Monday as chief executive Elon Musk faced criticism over a public spat with a British diver who worked on the Thai soccer team rescue.Shares of the electric car maker were down 3.5 percent in late-morning trading at $307.

Mexican peso, stocks fall as leftist wins presidency

Mexico - The Mexican peso and stock market both fell Monday after the country elected the anti-establishment leftist Andres Manuel Lopez Obrador as its next president.

Shanghai, Hong Kong stocks plunge on trade war fears

Shanghai - Shanghai and Hong Kong stocks plunge on Tuesday on investors' fears that the US and China could be heading for a full-blown trade war following tit-for-tat tariff threats.

Argentina stock market plunges 8.33 percent

Buenos Aires - The Buenos Aires stock exchange plummeted more than 8.0 percent Monday, pulled down by sharp declines in energy and bank shares amid market volatility as Argentina seeks support from the IMF.The Merval Index dropped 8.

Stocks slide as Wall Street fears worsening US-China trade spat

New York - Wall Street was sharply lower at the open on Monday as the spiraling trade dispute between Beijing and Washington weighed on global stocks.

China's ZTE dives 39% at resumption of trading in Hong Kong

Fpo - Shares in Chinese telecoms equipment maker ZTE collapsed 39 percent Wednesday as trading in the company resumed after it reached a settlement with the United States over its handling of a sanctions violation.

Argentine stock market up 4.15 percent after IMF deal

Buenos Aires - Argentina's stock market rose 4.15 percent while its currency fell 1.68 percent against the dollar Friday, a day after Buenos Aires agreed to a $50 billion standby loan from the International Monetary Fund.

Elon Musk wins vote of confidence from Tesla shareholders

Tesla stocks rose more than 4 percent in premarket trading after the company revealed it is nearing its Model 3 weekly production rate and shareholders at Tesla's annual meeting backed Elon Musk as chairman and CEO.

Italy financial markets plunge on political turmoil

Milan - The Milan stock exchange plunged more than three percent Tuesday, while Italy's debt-risk premium surged, reflecting investor worry over the prospect of a fresh eurozone crisis.

Milan stocks rise after president vetoes eurosceptic minister

Milan - The Milan stock market rose Monday after President Sergio Mattarella vetoed the nomination of fierce eurosceptic Paolo Savona as economy minister.

Corner the market: Shanghai's streetside stock pundits

Shanghai - They may not have the wealth or financial savvy of Warren Buffett, but you will be hard-pressed to find more passionate punters than the silver-haired stock-pickers at Shanghai's curbside investment forum.

China manufacturing firms plunge on foreign ownership plan

Shares in top Chinese manufacturing companies plunged Wednesday after Beijing announced plans to phase out ownership limits for foreign automakers, shipbuilders and aircraft firms.

Shares of Canadian pot stocks skyrocket — raising bubble fears

As Canada moves closer to legalizing recreational marijuana later this year, licensed pot companies are experiencing a boom in the stock market. Critics say the pot industry is overvalued and the bubble may end up bursting.

China's censors, investors swoop as Kim rumours rage

Chinese censors scrubbed social media of unflattering references to Kim Jong Un on Tuesday, while superstitious investors snapped up shares resembling the North Korean leader's name, as rumours swirled that he was visiting Beijing.

China's timeless mom-and-pop investors 'endure' as stocks gyrate

Much of China's stock trading is conducted remotely via high-tech systems in banks and brokerages or on mobile phones, but the country's masses of mom-and-pop investors still cling to older ways.

Roku opens at record high, getting a $50 price target on Monday

Roku, which makes streaming video devices, has more than tripled since going public in November. Shares opened at an all-time high of $49.41 after getting a super-bullish analyst price target.

China's Tencent becomes more valuable than Facebook

Bejing - Chinese social media and video game giant Tencent became more valuable than Facebook on Tuesday as investors sent the company soaring into the top five of the world's biggest firms.

Tesla's sinking stock has made short sellers almost $1 billion

-Short sellers betting on a decline in Tesla's stock have made almost $1 billion in the fourth quarter. -Tesla's recent stock woes stem from a bottleneck hurting production on its hotly anticipated Model 3 vehicle.

JPMorgan investment chief: 'Market correction will be painful'

Daniel Pinto, the head of JPMorgan Chase's dominant investment bank, told research analysts from Keefe, Bruyette, & Woods that the markets are too complacent right now, and we could be in store for a painful correction.

Japan's Kobe Steel scandal spreads, 500 firms affected

Toukyo - Japan's Kobe Steel admitted Friday that a snowballing falsified data scandal had affected around 500 customers, more than twice as many as initially thought.

Iceland PM sold assets before 2008 crisis: reports

Reykjav - Iceland's Prime Minister Bjarni Benediktsson allegedly sold almost all of his assets in a major bank just before the government nationalised it during the nation's 2008 financial collapse, according to several media reports on Friday.

Equifax is getting crushed

Equifax has already plunged 18 percent since it announced last week that hackers may have the personal details of nearly half the US population. Options traders are betting that this is only the start.

Japan aims to raise $12 bn in postal giant share sale

Toukyo - Japanese said Monday it would sell off another chunk of the country's massive postal service in a share sale that could raise up to $12 billion.

FedEx unit TNT 'significantly affected' by virus

New York - Shipping giant FedEx said Wednesday that deliveries were slowed at its Dutch unit TNT Express after the firm was hit by the latest major computer virus attack.

Leading US-based index to include Chinese stocks for 1st time

New York - Chinese stocks will be included for the first time in a leading US-based index of emerging market shares after three previous rejections, New York-based MSCI announced Tuesday.

US Senate confirms Jay Clayton as new SEC chief

Washington - The US Senate confirmed attorney Jay Clayton as the new head of the Securities and Exchange Commission tasked with regulating Wall Street and America's financial sector.

Ex-fugitive Israeli fraudster sentenced to 30 months

Washington - Former Israeli fugitive Jacob "Kobi" Alexander was finally sentenced to prison for securities fraud dating from the last century, ending a decade-long saga, the US Department of Justice announced Thursday.

Norway eyes curb on sovereign fund withdrawals

Oslo - Norway on Thursday proposed to curb the amount of money it can withdraw from its sovereign wealth fund, the largest in the world, amid lower expected returns. The minority rightwing government also recommended that the fund, worth 7.

China billionaire-linked stocks plunge in Shanghai

Stocks linked to missing Chinese billionaire Xiao Jianhua tumbled Friday as investors ignored a statement saying business at his vast empire was “normal” following reports of his abduction by security agents.

China billionaire-linked stocks plunge in Shanghai

Stocks linked to missing Chinese billionaire Xiao Jianhua tumbled Friday as investors ignored a statement saying business at his vast empire was “normal” following reports of his abduction by security agents.
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Both the Pound and stocks rose on the New York Stock Exchange on news the British goverment's B...
Both the Pound and stocks rose on the New York Stock Exchange on news the British goverment's Brexit plan would first need to get parliamentary approval
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Traders work on the floor of the New York Stock Exchange
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Trigger sends alerts to users when Trump tweets about their stocks
Trigger sends alerts to users when Trump tweets about their stocks
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