A view of electric cars owned by a local car-sharing company in Wuhan, China. Feature China | Barcroft Images | Barcroft Media | Getty Images BEIJING — When an idea strikes a chord with national ambition in China, the result can be millions of dollars wasted and a handful of start-ups struggling to survive in
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Former Uber Technologies CEO and co-founder Travis Kalanick walks on the floor of the New York Stock Exchange during the company’s IPO May 10, 2019. Andrew Kelly | Reuters Travis Kalanick is on course to completely exit his stake in Uber. The co-founder and former CEO of the ride-hailing company has sold more than $2.5
Check out the companies making headlines before the bell: Boeing (BA) – Boeing told suppliers for its grounded 737 Max jet to suspend parts shipments for one month starting in mid-January. That follows the firing of CEO Dennis Muilenburg earlier in the day. Uber (UBER), Lyft (LYFT) – Uber and Lyft won a New York
US President Donald Trump holds up a “Trump Digs Coal” sign as he arrives to speak during a Make America Great Again Rally at Big Sandy Superstore Arena in Huntington, West Virginia, August 3, 2017. Saul Loeb | AFP | Getty Images President Donald Trump has taken historically unprecedented action to roll back a slew
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, April 17, 2013. U.S. stocks sank, erasing yesterday’s rally, amid losses in industrial metals and disappointing results from Bank of America Corp. Scott Eells | Bloomberg | Getty Images By one measure, the shift to passive investing
Traders work on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Early close We’ll get a short trading day on Christmas Eve with the stock market closing at 1 p.m. ET and
Traders work on the floor of the New York Stock Exchange (NYSE) on July 10, 2019. Spencer Platt | Getty Images After a record-breaking 2019, Wall Street generally expects much more modest gains for stocks next year. But for investors looking for ways to beat the market, Goldman Sachs has a portfolio that it expects
Chesnot | Getty Images Entering 2020, the IPO market for billion-dollar start-ups funded by Silicon Valley venture capitalists should be healthy; that is, if market conditions were the big factor to consider in assessing 2019. The Dow Jones Industrial Average has risen almost 20% year to date, the S&P 500 even more, and yet the
Brad Garlinghouse, chief executive officer of Ripple Labs Inc. David Paul Morris | Bloomberg | Getty Images Blockchain start-up Ripple says it’s raised a $200 million investment round, lifting its valuation to a huge $10 billion. The fundraising was led by New York investment company Tetragon, Ripple said Friday, while Japan’s SBI Holdings and Virginia-based
Nobel-prize winning economist Robert Shiller believes the record market rally could last months — if not more. He suggests there’s an emotional high gripping the market right now that shows little signs of fading. “I put Trump as the primary cause of the recent strength in the market,” the Yale University professor told CNBC’s “Trading