stocks

Government, Business, Technology

Stocks Hit Six-Week Low as Tech Slide Accelerates

An investor looks at stock price movements on screens at a securities company in Beijing. An investor looks at stock price movements on screens at a securities company in Beijing. (Nicolas Asfouri/AFP/Getty Images)

Technology shares pushed U.S. stocks to a six-week low as investors searched for new catalysts to give direction to global markets. The dollar strengthened and Treasuries were little changed.

September 18, 2020
Business, Technology, Fuel

Nikola Slumps After Denial of Short Seller Report

Nikola Founder Trevor Milton said he would give away shares to 50 employees. Nikola founder and Executive Chairman Trevor Milton is seen here in a screenshot from TT's Newsmakers series. (Transport Topics)

Just days after announcing a $2 billion agreement with General Motors, Nikola Corp. is fighting back against a “short seller” accusing the startup of deception and lying about its electric technology.

Dan Ronan | Associate News Editor
September 11, 2020
Government, Business, Technology

US Stocks Resume Sell-off With Tech Battered Anew

Stocks resumed their sell-off today as tech stocks dropped. (Soichiro Koriyama/Bloomberg News)

A fresh sell-off in megacap technology shares sent stocks to the fourth loss in five days as investors remain worried that valuations stretched too far in a five-month rally. Treasuries rose with the dollar.

September 10, 2020
Government, Business

US Stocks Sink to 4-Week Low in Latest Tech Rout

U.S. stocks sank on Sept. 8 to a four-week low. U.S. stocks sank on Sept. 8 to a four-week low. (Spencer Platt/Getty Images via Bloomberg News)

The selloff in U.S. technology shares picked up speed as investors fled the high fliers who fueled the historic five-month rally from the pandemic lows. Oil plunged, while Treasuries rose with the dollar.

September 8, 2020
Business, Technology, Autonomous

Tesla Rout Extends to Fourth Day, Longest Streak Since March

Tesla vehicles charge at the Tesla Supercharger station in Fremont, Calif. Tesla vehicles charge at the Tesla Supercharger station in Fremont, Calif. (Nina Riggio/Bloomberg News)

Tesla Inc. fell as much as 4.2% in early Sept. 4 trading, heading for its first four-day losing streak since pandemic fears were at their height in mid-March.

Kristine Owram | Bloomberg News
September 4, 2020
Government, Business, Technology

Tech Rout Sends Stock Market to Biggest Loss Since June

Tech stocks dropped sharply Sept. 3, bringing the rest of the market down with them. (Mark Lennihan/Associated Press)

Wall Street’s euphoria took a break Sept. 3, as steep losses in technology stocks dragged the rest of the market down with them.

Ken Sweet and Damian Troise | Associated Press
September 3, 2020
Business, Technology, Autonomous

Tesla’s Three-Day Correction Approaches Bear Market

Tesla's stock is approaching bear market territory. (Nina Riggio/Bloomberg News)

Tesla Inc. shares are now officially in correction territory, in a week that saw the electric-vehicle maker announce a share sale that could dilute its value and a top holder say it would cut its stake nearly in half.

Esha Dey | Bloomberg News
September 3, 2020
Business, Technology, Fuel, Autonomous

Tesla to Sell up to $5 Billion of Shares After Stock Surge

Tesla announced plans to sell $5 billion of stocks over time to increase capital. Tesla vehicles sit in a lot at the company's assembly plant in Fremont, Calif. (David Paul Morris/Bloomberg News)

Tesla Inc. plans to sell as much as $5 billion of shares, capitalizing on its high-flying price and on a recent stock split that made it more accessible to individual investors.

September 1, 2020
Business

Stocks Briefly Erase Pandemic Losses; Oil Rallies

An electronic board at the Shanghai Stock Exchange. (Qilai Shen/Bloomberg News)

U.S. stocks briefly surpassed the all-time closing high reached before the coronavirus pandemic, propelled by surging technology shares. The dollar weakened, and Treasury yields rose to five-week highs.

August 12, 2020
Business, Technology, Fuel, Autonomous

Tesla Splits Stock to Make Lofty Shares Attainable Again

The Tesla logo is seen at a showroom in San Diego. (Bing Guan/Bloomberg News)

Tesla Inc. is splitting its richly valued shares in a 5-for-1 exchange, a move designed to make the stock less expensive for individual investors after the company became the world’s most valuable automaker.

Ed Ludlow | Bloomberg News
August 12, 2020

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