Sections SEARCH Skip to content Skip to site index Technology Log In Subscribe Log In Today’s Paper Technology | Uber’s Stock Disappoints, Capping a Rocky Path to Its I.P.O. Advertisement Supported by ByMike Isaac May 10, 2019 Over the past decade, Uber changed urban transportation, disrupted entrenched taxi industries, defied regulators the world over and beat back questions about how it was altering the nature of work. On Friday, it was tamed by Wall Street. The ride-hailing giant’s first day of trading on the New York Stock Exchange began with a drop from its initial public offering price of $45, and its stock closed down 7.6 percent. By the end of Friday, Uber’s market capitalization, accounting for stock options and restricted stock, stood at $76.5 billion — barely above the $76 billion that private investors pegged it at in August. Uber’s Share price Change … [Read more...] about Uber’s Stock Disappoints, Capping a Rocky Path to Its I.P.O.
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U.S. stock indexes were mostly lower late Wednesday afternoon as investors weighed the Federal Reserve's decision to rule out interest rate increases this year and its latest outlook on the U.S. economy. The Fed's decision not to raise rates this year was a marked change from three months ago, when the central bank projected two rate hikes in 2019. The move initially cheered investors, sparking a rebound in stocks after an early slide. But the upward momentum didn't last and some of the market indexes slipped back into the red. The Fed policymakers, emerging from a two-day meeting, also projected that the U.S. economy would grow more slowly this year and next, a change from the panel's projections just three months ago. The central bank also said it will stop shrinking its bond portfolio in September, a step that would help hold down long-term interest rates.Bond prices continued to climb after the Fed announcement, sending yields lower. The yield on the 10-year Treasury fell … [Read more...] about US stock indexes are mostly lower after Fed policy decision
Trader Michael Capolino works on the floor of the New York Stock Exchange, Tuesday, Jan. 8, 2019. Stocks are opening broadly higher on Wall Street, building on two days of solid gains. (AP Photo/Richard Drew) NEW YORK -- U.S. stocks are climbing Tuesday as industrial and internet companies and retailers rise, putting the S&P 500 index on track for its first three-day winning streak since late November. The latest round of trade talks between the U.S. and China ended without word of progress, but with no evident signs of setbacks either. That was enough to clear the way for more gains for stocks. KEEPING SCORE: The S&P 500 index rose 19 points, or 0.8 percent, to 2,569 as of 2:55 p.m. Eastern time. The Dow Jones Industrial Average picked up 227 points, or 1 percent, to 23,759. Early in Tuesday's trading, the Dow jumped as much as 333 points. The Nasdaq composite gained 60 points, or 0.9 percent, to 6,884. The Russell 2000 index of smaller-company stocks added 15 points, or 1.1 … [Read more...] about US stocks keep rising as investors hope for trade progress
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Subscribe Log In Today’s Paper Business | Global Markets Follow Wall Street’s Sell-Off as Xi’s Speech Disappoints Supported by ByAlexandra Stevenson Dec. 18, 2018 HONG KONG — Wall Street’s stumble and a disappointing speech on reform from China’s top leader sent global markets down on Tuesday. Shares that started mixed in Asia fell decisively into the red by midday on Tuesday following the speech by China’s top leader, Xi Jinping, which commemorated the gradual opening of the Chinese economy that began 40 years ago. Most markets finished more than 1 percent lower. European markets opened weaker, though less so, with major exchanges down less than 1 percent. Futures markets that allow investors to bet on Wall Street’s performance suggested stocks in the United States could open modestly … [Read more...] about Global Markets Follow Wall Street’s Sell-Off as Xi’s Speech Disappoints