Latest Corporate stock News

FILE - This Feb. 22, 2018, file photo, shows an Airbnb logo during an event in San Francisco. On Wednesday, Aug. 12, 2020, Airbnb announced that for the first time, it is taking legal action against a guest for violating its ban on unauthorized parties. (AP Photo/Eric Risberg, File)

In a first, Airbnb takes action against guest for party

Aug. 12, 2020 6:28 PM EDT

For the first time, Airbnb is taking legal action against a guest for violating its ban on unauthorized parties. The San Francisco-based home sharing company said Wednesday it is initiating legal proceedings against a guest who held an unauthorized party at a home in Sacramento County, California, last weekend....

FILE - This July 21, 2020 file photo shows The New York Stock Exchange.  Stocks are rebounding in early trading on Wall Street Wednesday, Aug. 12, carrying the S&P 500 back toward the cusp of its record high. The benchmark index was up 1% after the first half-hour of trading and on pace for its eighth gain in nine days.  (AP Photo/Mark Lennihan, File)

Stocks rebound on Wall Street, S&P 500 trades above record

Aug. 12, 2020 5:54 PM EDT

Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market plunge. The benchmark index notched a 1.4% gain, its eighth in nine days. It ended within 0.2% of its record high from...

Closing prices for crude oil, gold and other commodities

Aug. 12, 2020 3:59 PM EDT

Benchmark U.S. crude oil for September delivery rose $1.06 to settle at $42.67 a barrel Wednesday. Brent crude oil for October delivery rose 93 cents to $45.43 a barrel. Wholesale gasoline for September delivery rose 4 cents $1.24 a gallon. September heating oil rose 2 cents to $1.26 a gallon. September natural...

FILE - In this Sept. 7, 1999 file photo, Viacom Chairman Sumner Redstone smiles during the announcement of a merger between CBS and Viacom in New York.  Redstone, the strong-willed media mogul whose public disputes with family members and subordinates made him a feared operator in Hollywood, died Wednesday, Aug. 12, 2020.  (AP Photo/Suzanne Plunkett)

Sumner Redstone, who built media empire including CBS, dies

Aug. 12, 2020 12:16 PM EDT

Sumner Redstone, who joined his family's drive-in movie chain in the 1950s and used it to build a vast media empire that included CBS and Viacom, has died. He was 97. Under his watch, Viacom became one of the nation’s media titans, home to pay TV channels MTV and Comedy Central and movie studio Paramount...

FILE - In this Feb. 2, 2020, file photo, the company logo appears on an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Tesla will split its stock for the first time in its history so more investors can afford to buy a stake in the electric car pioneer following a meteoric rise in its market value, the company announced Tuesday, Aug. 11, 2020. (AP Photo/David Zalubowski, File)

Tesla boosts turbocharged stock with plan for 5-for-1 split

Aug. 11, 2020 7:43 PM EDT

SAN RAMON, Calif. (AP) — Tesla will split its stock for the first time in its history so more investors can afford to buy a stake in the electric car pioneer following a meteoric rise in its market value. The five-for-one stock split announced Tuesday won't change how much Tesla's business is worth, but...

Closing prices for crude oil, gold and other commodities

Aug. 11, 2020 4:10 PM EDT

Benchmark U.S. crude oil for September delivery fell 33 cents to settle at $41.61 a barrel Tuesday. Brent crude oil for October delivery fell 49 cents to $44.50 a barrel. Wholesale gasoline for September delivery fell 2 cents $1.20 a gallon. September heating oil was little changed at $1.24 a gallon. September...

Closing prices for crude oil, gold and other commodities

Aug. 10, 2020 3:51 PM EDT

Benchmark U.S. crude oil for September delivery rose 72 cents to settle at $41.94 a barrel Monday. Brent crude oil for October delivery rose 59 cents to $44.99 a barrel. Wholesale gasoline for September delivery rose 2 cents $1.23 a gallon. September heating oil rose 2 cents to $1.24 a gallon. September natural...

FILE - In this March 9, 2020, file photo, a security person wears a mask as he checks vehicles entering a compound for Saudi Aramco in Jiddah, Saudi Arabia. Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, Aug. 9, 2020, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers. (AP Photo/Amr Nabil, File)

Saudi Aramco half-year profits plunge 50% from virus impact

Aug. 9, 2020 5:01 AM EDT

DUBAI, United Arab Emirates (AP) — Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers. Profits for the first six months of the...

FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock. Berkshire Hathaway Inc. said Monday, July 27, 2020 it held 998 million Bank of America shares after the latest purchases, which represents roughly 11.5% of the bank's stock. (AP Photo/Nati Harnik, File)

Profit up 87% at Buffett's firm, but virus slows businesses

Aug. 8, 2020 4:31 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft parts manufacturing business because of the economic impact...

Closing prices for crude oil, gold and other commodities

Aug. 7, 2020 3:20 PM EDT

Benchmark U.S. crude oil for September delivery fell 73 cents to settle at $41.22 a barrel Friday. Brent crude oil for October delivery fell 69 cents to $44.40 a barrel. Wholesale gasoline for September delivery fell 2 cents $1.21 a gallon. September heating oil fell 3 cents to $1.22 a gallon. September natural...