Latest Stock price movements News

Tesla: Sales record within reach but deliveries are problem

Jun. 26, 2019 11:31 AM EDT

DETROIT (AP) — Tesla is close to setting a quarterly record for deliveries, but the company is having trouble shipping vehicles to the right places as the second quarter comes to a close, CEO Elon Musk told workers in an internal memo. Musk wrote that the company could break the record of 90,700 deliveries...

AbbVie makes $63B bid for Botox maker Allergan

Jun. 25, 2019 2:39 PM EDT

Facing competition for the world's top-selling drug, AbbVie is jumping on this year's pharmaceutical merger bandwagon with a $63 billion bid for Botox maker Allergan that's meant to spur future growth. Specialty drugmaker AbbVie said Tuesday that adding Allergan's aesthetics products and eye care and other...

Slack shows up for work and rallies in Wall Street debut

Jun. 20, 2019 11:00 PM EDT

NEW YORK (AP) — Slack's newly public shares aren't slacking off. The work messaging service grew 49% in value after its stock started trading Thursday under the ticker "WORK." Slack's debut is the latest in several highly anticipated initial public offerings of stock for tech companies. While some such as...

The Latest: Slack up 49% in value after 1st trading day

Jun. 20, 2019 4:40 PM EDT

NEW YORK (AP) — The Latest on Slack's IPO (all times local): 4:35 p.m. Slack's newly public shares aren't slacking off. The work messaging service's shares debuted on the New York Stock Exchange at $38.50 and rose slightly to close at $38.62. That's 49% above the $26 reference price set by the exchange...

Sotheby's sold! French-Israeli billionaire pays $3.7 billion

Jun. 17, 2019 7:14 PM EDT

NEW YORK (AP) — The 275-year-old auction house Sotheby's is being sold to a French Israeli businessman for about $3.7 billion. Sotheby's, founded in London in 1744, is the oldest company traded on the New York Stock Exchange. If the deal is approved by shareholders and regulators, Sotheby's would become a...

Markets Right Now: Stocks fall on fresh concerns about trade

Jun. 14, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are finishing lower Friday amid more concerns about the business impact of the U.S.-China trade dispute. Technology shares dropped after chipmaker Broadcom reduced its 2019 revenue forecast by $2 billion,...

Broadcom shares fall as chipmaker warns on trade war impact

Jun. 14, 2019 1:32 PM EDT

NEW YORK (AP) — Chipmakers suffered broad declines Friday after Broadcom warned that its business is being hurt by the U.S. trade dispute with China, including the Trump administration's efforts to curb sales to the Chinese telecom giant Huawei. After the market closed on Thursday, Broadcom reduced its...

Asian shares mixed over concerns about oil tankers, trade

Jun. 13, 2019 10:52 PM EDT

TOKYO (AP) — Asian shares were mixed Friday as investors weighed a variety of factors, including suspected attacks on two oil tankers in the strategic Strait of Hormuz and lingering worries about trade conflict between the U.S. and China. Japan's benchmark Nikkei 225 edged up 0.2% to 21,076.11 in morning...

Markets Right Now: Stocks fall for first time in 6 days

Jun. 11, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks lost some early momentum Tuesday and finished with their first loss in six days. The Dow Jones industrials slipped 14 points, or 0.1%, to 26,048, after rising as much as 186 points just after trading began....

Is Beyond Meat overcooked?

Jun. 11, 2019 12:16 PM EDT

NEW YORK (AP) — The price for a share of Beyond Meat almost tripled on the first day of trading in May and that was just a taste of what was to come. By the end of the day Monday, the stock had gained an additional 30 percent. But on Tuesday, Wall Street got a case of heartburn after two analysts from J.P....