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| September 24, 2018

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Tech Stocks Lead US Indexes Lower

September 17, 2018 |

Technology stocks led the way downward on Wall Street as traders braced for more tariffs to be announced on China, the AP reports. Apple lost 2.7% Monday, Netflix slumped 3.9% and Twitter gave up 4.2%. Most stocks closed lower on the New York Stock Exchange. Safe-play sectors…
Newser

Stock Indexes Close Lower

September 8, 2018 |

US stock indexes are closing lower Friday after a surprisingly strong jobs report pushed investors to gird for higher interest rates, the AP reports. Investors sold high-dividend stocks as bond yields rose, and tech stocks rebounded from recent losses. Tesla slumped 6.3% after its chief accounting officer quit after…
Newser

Tech Weakness Pulls Stock Indexes Lower

August 15, 2018 |

Stocks are ending broadly lower on Wall Street led by declines in technology companies, the AP reports. A surprise drop in profits for the Chinese internet giant Tencent Wednesday led to widespread declines for technology stocks. The drop got investors worried about demand for high-tech products as well as economic…
Newser

Stocks End Lower Amid Turkey Fears

August 13, 2018 |

Stocks continued to fall as Turkey’s central bank was unable to stop another plunge in the nation’s currency, the AP reports. Banks and energy companies fell the most on Wall Street Monday. JPMorgan Chase gave up 1.6% and Exxon Mobil fell 1.1%. European and Asian markets also fell….
Newser

Stocks open lower on Wall Street

August 2, 2018 |

World stock indexes were falling Thursday after the Trump administration said it would consider an even higher tariff rate of 25% on $ 200-billion in imports from China, raising the stakes in the trade war between the two largest economies. In the U.S., most stock sectors were lower, with energy…


L.A. Times – Business

Tech Stocks Drag US Indexes Lower

July 30, 2018 |

Technology companies took sharp losses for a third day in a row and US indexes are closing lower, the AP reports. Twitter skidded 8% and Google’s parent company Alphabet gave up 1.8%. Technology companies have done far better than the rest of the market for more than a year…
Newser

Tech stocks lead market lower again as Twitter takes a dive

July 28, 2018 |

Technology companies led a slide in U.S. stocks Friday, adding to the market’s losses from another tech-driven sell-off a day earlier.

Twitter plunged more than 20%, its second-biggest loss since going public in 2013, after the social media network said its monthly users declined in the second…


L.A. Times – Business

Honeywell Increases Sales Guidance Despite Posting Lower Profit

July 20, 2018 |

Honeywell raised its financial guidance for the year as sales rose in its latest quarter, even as profit fell.
WSJ.com: US Business

China Sends Yuan Lower by Most in Two Years After Trump Criticism

July 20, 2018 |

Hours after President Donald Trump called out the slide in the yuan, China weakened its currency by the most in two years.
WSJ.com: What’s News Asia

Tax loophole from 1960s could let the wealthy use lower corporate rate for themselves

July 13, 2018 |

An obscure tax provision from the 1960s that was left untouched by President Trump’s overhaul could let wealthy individual investors seize for themselves the largest corporate tax cut in U.S. history.

The measure — signed into law by President John F. Kennedy — was designed to prevent Americans…


L.A. Times – Business