Dow Falls 473 Points As U.S.-China Trade Fears Flare
NEW YORK (AP) — An escalating showdown between the U.S. and China over trade sent shudders through the stock market, with the Dow falling 473 points, or 1.8 percent, to 25,965. The volatile fluctuation...
View ArticleUber Sets Share Price At $45 Ahead Of IPO, Reaches Agreement With Drivers
SAN FRANCISCO (AP) – Uber has reached settlements with some drivers who said they should have been classified as employees instead of independent contractors. The settlement agreement was announced...
View ArticleWall Street Tumbles More Than 600 Points; Uber Shares Plunge
SAN FRANCISCO (CBS SF/CNN) – Shares of San Francisco-based Uber plunged on the first full day of trading for the rideshare app as a deepening trade battle between the U.S. and China pulled the entire...
View ArticleUber Lost More Than $1 Billion In First Quarter
SAN FRANCISCO (CBS SF / CNN) — Uber said Thursday it lost more than $1 billion in the first three months of 2019, in the latest sign that the company has a long and uncertain road ahead to...
View ArticleFacebook, Google Shares Battered; Feds Preparing Antitrust Investigations
SAN FRANCISCO (CBS SF/AP) — Once the darlings of Silicon Valley, the tech FAANG stocks — Facebook, Amazon, Apple, Netflix and Google — were battered Monday amid rumors over possible government...
View ArticleStocks Pull Out Of Steep Plunge; Big Tech, Apple Among Biggest Losers
SAN FRANCISCO (CBSSF/CNN) — After falling more than 960 points, the Dow pulled out of its steep decline in the final hour of trading Monday to finish with a 767-point loss at the closing bell as tech...
View ArticleCharles Schwab Reportedly In Talks To Buy TD Ameritrade
SAN FRANCISCO (CNN) — Two of the leaders of the online brokerage industry may be merging. San Francisco-based Charles Schwab is said to be in talks to buy TD Ameritrade in a deal worth $26 billion...
View ArticleCharles Schwab Buys TD Ameritrade In Brokerage Blockbuster
SAN FRANCISCO (AP) — San Francisco-based Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement accelerated by massive disruption in the online brokerage...
View ArticleWells Fargo 4Q Profit Slides, Hurt By Lower Interest Rates
SAN FRANCISCO (AP) — Wells Fargo’s net income tumbled in the fourth quarter, weighed down by hefty costs and a lower interest rate environment. The San Francisco-based bank earned $2.87 billion, or 60...
View ArticleCoronavirus Dow Sell-Off Tops 1,190 Points; Silicon Valley Big Tech Battered...
SAN JOSE (CBS SF) — Shares of streaming giant Netflix soared for several hours Thursday before joining the steep drop in Silicon Valley tech stocks as Wall Street dropped more than 1,190 points over...
View ArticleVolatile Stock Market Takes Another Precipitous Drop In Worst Week Since 2008
NEW YORK (AP/CBS SF) — Stocks plunged again Friday after another wild day on Wall Street, extending a rout that delivered the market its worst week since October 2008 at the height of the financial...
View ArticleStocks Plummet Amid Coronavirus Angst; Bay Area Tech Stocks Impacted
SAN JOSE (CBS / AP) — World markets are enduring violent swings amid uncertainty about how badly the outbreak will hit the economy. An early plunge of 7% on Wall Street triggered a trading halt as a...
View ArticlePlunging Stock Market From Coronavirus Fears Provides Investment Opportunities
LAFAYETTE (KPIX 5) — While fears over the coronavirus outbreak have slammed financial markets around the world, there are those who think this may actually be a golden opportunity for those with money...
View ArticleMounting Coronavirus Fears Triggers Brutal Stock Sell-Off; Dow’s Biggest...
SAN JOSE (CBS SF) — The coronavirus pandemic’s effect on the economy triggered a major sell-off Monday on Wall Street, where the Dow Jones Industrial Average dropped nearly 1,000 points in the final...
View ArticleAs Oil Prices Plummet U.S. Stocks Suffer Worst Loss In Weeks
NEW YORK (AP) — Oil prices crumpled even further Tuesday, and U.S. stocks sank to their worst loss in weeks as worries swept markets worldwide about the economic carnage caused by the coronavirus...
View ArticleWhy Horrific Unemployment Numbers Made The Stock Market Rise
(CBSNewYork) — Last Friday, the Bureau of Labor Statistics released some disturbing unemployment numbers. The official unemployment rate jumped from 4.4 percent in March to 14.7 percent in April. The...
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Surge In Meal Kit Demand Boosts Hiring At Blue Apron East Bay Fulfillment Center
RICHMOND (CBS SF/CNN) — Meal kit pioneer Blue Apron might be for sale but the company’s future looks more promising now that it’s been rediscovered by consumers stuck at home. Shares of Blue Apron are...
View ArticleFeinstein Faces Scrutiny Over Husband’s Biotech Stock Transactions Amid...
SAN FRANCISCO (KPIX 5) — In the wake of the stock market collapse spurred by the economic impact of the COVID-19 crisis, U.S. Senator Dianne Feinstein has had to answer questions about stock trades...
View ArticleTesla Announces 5-for-1 Stock Split, First in its History
PALO ALTO (CBS SF) — The electric car company Tesla announced Tuesday evening it planned to split its stocks five-for-one, the first stock split in the company’s history. In a statement, the company...
View ArticleTesla Shares Soar 50% Since Announcing Stock Split
PALO ALTO (CBS SF / CNN) — Tesla is preparing to split its stock, making it more affordable for average investors. It may need to do another one pretty soon if its shares keep surging. The Bay...
View ArticleSan Jose-Based Zoom Rides Pandemic To Continuing Explosive Growth
SAN RAMON (AP) — Zoom’s videoconferencing service is deepening its integral role in life during the pandemic as tens of thousands more businesses and other users pay for subscriptions to get more...
View ArticleMarket Strategist Warns ‘Pain Felt On Main Street Quite Distinct From What’s...
(CBS New York) — Seven months into the COVID-19 pandemic, and Wall Street is doing well. The Dow Jones Industrial Average closed at 28,514.76 on Wednesday afternoon, over 3,000 points above where it...
View ArticleCharles Schwab Plans To Lay Off 1,000 Employees Following TD Ameritrade Merger
SAN FRANCISCO (CBS SF / CNN) — Charles Schwab said Monday that it is laying off 1,000 employees just weeks after completing its acquisition of TD Ameritrade. The job cuts are part of efforts to “reduce...
View ArticleStock Rout Deepens As S&P 500 Drops 3.5%, Dow Falls Over 943 Points
NEW YORK (AP/CBS SF) — Stocks tumbled more than 942 points on the Dow Wednesday on worries the worsening pandemic will mean more restrictions on businesses and drag down the economy. The S&P 500...
View ArticleWhat Do Election Results Mean For A Second Stimulus Package?
(CBS Detroit) — Election day has come and gone, and the country is still waiting to see whether Donald Trump or Joe Biden will be president for the next four years. As of Wednesday afternoon, multiple...
View ArticleDow Jones Tops 30,000 For First Time Ever As Biden Transition Points To More...
(CBSNewYork) — The Dow Jones Industrial Average crossed the 30,000 threshold for the first time ever on Tuesday. Morning trading saw the Dow up 400 points. Trading continued in that rarified air into...
View ArticleTesla Short Sellers Lost More Than The US Airline Industry This Year
PALO ALTO (CBS SF / CNN) — The incredible year for Tesla stock has created a bloodbath for those shorting the Bay Area-based electric carmaker’s shares. According to analysis by S3 Partners, short...
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Airbnb IPO: Shares More Than Double In Price In Long-Awaited Debut, Close At...
SAN FRANCISCO (CBS / AP) — Airbnb, the San Francisco-based home sharing company, made a triumphant debut on the public market Thursday. Its shares closed at $144.71 apiece, more than double the $68...
View ArticleSurging Stock Market Reflects ‘Very Bright Outlook’ For Economy, Finance Prof...
(CBS Detroit) — The stock market continued its rise last week. Even Wednesday, the day rioters stormed the U.S. Capitol to stop the certifying of electoral college votes confirming Joe Biden’s election...
View ArticleDoes GameStop’s Soaring Stock Indicate A Possible Market Bubble?
(CBS Detroit) — The stock market has appeared to be acting a little crazy for much of the last year. The Dow Jones, S&P 500 and NASDAQ have all grown steadily, despite the COVID pandemic and...
View ArticleBrokerages Limit Trading on GameStop Stock, Sparking Outcry and Protest
MENLO PARK (KPIX) — Thursday was another rollercoaster day for GameStop with the company’s stock dropping a whopping 44 percent as small online investors ran into a roadblock in their trading war with...
View ArticleRobinhood Files Confidentially For IPO Despite Disastrous Start To 2021
MENLO PARK (CBS / CNN) — Robinhood filed confidentially for an IPO on Monday, a person familiar with the matter told CNN Business, a development that shows the Menlo Park-based trading startup is...
View ArticleCoinbase Soars In Market Debut, Valued Near $86 Billion
SAN FRANCISCO (CBS / AP) — San Francisco-based Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market...
View ArticleMenlo Park-Based Robinhood Sees Valuation Of Up To $35 Billion As Public Company
MENLO PARK (CBS / AP) — Robinhood, the Silicon Valley-based online brokerage that found itself embroiled in this year’s meme stock phenomenon, will go public seeking a market valuation of up to $35...
View ArticleStock Market Plummets Amidst Growing Fears Of COVID’s Delta Variant
(CBS New York) — The stock market can be like a rollercoaster ride. Unfortunately for many investors most of Monday’s ride was downhill. After topping 35,000 and reaching record highs last week, the...
View ArticleRobinhood’s Stock Debut Marked with Tumble, Sharp Swings
NEW YORK (AP) — Wall Street gave Robinhood a cool reception Thursday in the online broker’s debut in the stock market that it helped reshape by bringing millions of new investors. Shares of Robinhood...
View ArticleElon Musk Ends Week Having Sold Tesla Shares Worth Nearly $7 Billion
PALO ALTO (CNN) — Another day, another billion dollars. Or, in Elon Musk’s case, $1.2 billion. A filing late Friday shows that Musk sold another 1.2 million shares of Tesla stock on Friday, at an...
View ArticleNew COVID Variant ‘Omicron’ Identified In San Francisco; Here’s What You Need...
SAN FRANCISCO (CBS SF/AP) — A person who returned to the San Francisco Bay Area from a trip to South Africa has tested positive for the COVID omicron variant — the first confirmed case in the United...
View ArticleStocks Rebound After Dow, S&P 500 and NASDAQ Enter ‘Correction’ Territory
NEW YORK (CBS News) — U.S. stocks plunged in early trading Monday as investors fretted over mounting inflation and geopolitical tensions, before making up that ground in afternoon trading as financial...
View ArticleMarket Analysts Give Zuckerberg Thumbs Down for Meta Guidance
MENLO PARK (KPIX) — Facebook’s parent company Meta had a lackluster day on Wall Street Friday, one day after setting a record for the largest one-day value drop in stock market history. On Thursday,...
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