Latest Stock price movements News

Tesla shares bounce on leaked memo about rising sales

May. 23, 2019 6:59 PM EDT

Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. The company's stock closed up 1.4% to $195.49 on a volatile day that started out with a loss. Tesla stock has shed 16% in the past three weeks and about 41% since the...

Asian shares slip as US-China spat takes center stage

May. 22, 2019 11:36 PM EDT

SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South Korea was...

Brazil's Natura announces purchase of Avon Products

May. 22, 2019 6:38 PM EDT

RIO DE JANEIRO (AP) — The Brazilian cosmetics maker Natura announced Wednesday that it is buying Avon Products in an all-stock deal that it valued at $3.7 billion, in move that would create the world's fourth-largest group of beauty products. Shareholders of both companies would have to approve the deal....

The Latest: Qualcomm defeat might not lower phone prices

May. 22, 2019 11:18 AM EDT

NEW YORK (AP) — The Latest on federal judge's ruling against Qualcomm (all times local): 11:15 a.m. A federal ruling against Qualcomm is likely to reduce the licensing fees paid on the sales of smartphones. But it's unclear if device makers such as Apple will pass on any of their savings and lower their...

Tesla reduces prices on Models S and X amid stock slump

May. 21, 2019 5:50 PM EDT

DETROIT (AP) — Tesla has reduced the prices of its two most expensive models, raising concerns about fading interest in its cars and whether the company can generate enough cash to pay all the bills. On Monday, Tesla cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV. The...

Asian stocks mixed after Wall Street fall on Huawei anxiety

May. 21, 2019 12:49 AM EDT

BEIJING (AP) — Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. Benchmarks in Shanghai and Seoul advanced, while Tokyo, Hong Kong and Sydney declined. Anxiety over U.S.-Chinese trade tension was reignited by Washington's...

Tesla stock falls as concerns about demand for Model 3 rise

May. 20, 2019 12:41 PM EDT

Shares of Tesla are down 50 percent since September, with concerns about demand for its Model 3 in the U.S. at the forefront. Daniel Ives of WedBush said in a client note Monday that so far there seems to be mixed signals on demand for the Model 3 which could make it harder for Tesla to achieve a profit in its...

World shares mixed with no easing of China-US trade dispute

May. 20, 2019 6:58 AM EDT

BANGKOK (AP) — Shares declined in Europe on Monday after a mixed day in Asia in the absence of positive updates on the trade standoff between the U.S. and China. Britain's FTSE 100 lost 0.7% at 7,297.67 while Germany's DAX declined 1.2% to 12,091.38. The CAC 40 in France shed 1.2% to 5,374.14. Wall Street...

Stock markets stabilize after tumble over trade dispute

May. 14, 2019 7:18 AM EDT

BANGKOK (AP) — World stock markets turned higher on Tuesday, stabilizing after heavy losses on Wall Street, as investors monitor the escalating dispute between China and the U.S. over trade. The FTSE 100 in Britain rose 0.9% to 7,230, while France's CAC 40 advanced 1.2% to 5,324. Germany's DAX advanced...

Uber shares continue sliding in first full day of trading

May. 13, 2019 3:01 PM EDT

NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market. The ride-hailing giant's stock fell 10% and hovered around $37 Monday afternoon on Uber's first full...