After a disappointing stock market debut last Friday, Uber's shares have steadily continued to fall in day two of trading.The ride-hailing company's CEO, Dara Khosrowshahi, sent an email to employees Monday morning aiming to address the issue head-on and boost morale, according to CNBC."Like all periods of transition, there are ups and downs," Khosrowshahi wrote, according to CNBC. "Obviously our stock did not trade as well as we had hoped post-IPO. Today is another tough day in the market, and I expect the same as it relates to our stock."Uber's initial public offering opened at $42 a share on Friday morning, which was $3 lower than its preopen price of $45. Throughout that first day of trading, it didn't get much better. By market's close, the company's shares were at $41, down nearly 8%. On Monday, things got even worse. Trading opened at $38 per share and by midday, Uber's stock was down roughly 20% to $36 a share.It's unusual for such a well-known tech company, flush with … [Read more...] about Uber CEO says it’s been a ‘tough day’ on the stock market
Playing the stock market
David Choi, provided by Published 11:23 pm PDT, Wednesday, March 13, 2019 Saul Loeb/Getty Images Prior to making his decision, President Donald Trump considered whether grounding the Boeing 737 Max in the US would negatively impact the stock market and cause panic, according to a Washington Post report. Trump reportedly leaned toward declaring an order to ground the aircraft on Tuesday, but was met with resistance from the Federal Aviation Administration. The president was "engaged" with advisers, one official told The Post, and compared the 737 Max with the Boeing 757, his own personal jet dubbed "Trump Force One." President Donald Trump vacillated about whether he should ground all Boeing 737 Max aircraft in the US, and considered whether it would negatively impact the stock market and cause panic, two people familiar with his conversation said in a Washington Post report Wednesday. Trump reportedly leaned towards declaring the order on Tuesday, but was met with … [Read more...] about Trump reportedly considered whether grounding Boeing 737 Max planes would spark panic and hurt the stock market
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Larry Edelman Globe Staff November 13, 2018 Welcome to Talking Points AM for Tuesday, Nov. 13. US stock futures are recovering a bit from yesterday's big drop, after a mostly down day in Asia and gains in Europe (see more in Off the Top below). Here's what else is happening in business. AM Headlines It's an early Christmas for New York and Crystal City, Va.: Amazon is set today to officially crown the Big Apple and the Washington, D.C., suburb as the winners of The Great HQ2 Bake-off. (WSJ) US-China trade talks back on: Treasury Secretary Steven Mnuchin has resumed discussions with his Chinese counterpart, Vice Premier Liu He. (MarketWatch) Small business confidence remains strong: Optimism among independent businesses continued its two-year streak of record highs in October, according to the National Federation of … [Read more...] about What’s wrong with the stock market? Hint: Trump has it wrong.
Gina Heeb, provided by Published 6:00 am PDT, Sunday, October 28, 2018 Getty/David McNew The housing market has been losing momentum, with inventories rising to 2011 highs. A mismatch between residential-real-estate activity and the rest of the economy may be worsening the slowdown. Wage growth could help bridge the disconnect. From rising prices to the new tax law, economists say there are a number of conditions contributing to a slowdown in the US housing market. But there may also be a less tangible factor at play: uncertainty. The economy is humming, with unemployment at multi-decade lows and signs of upward pressure on wages. Alongside these robust metrics, however, consumers are watching home inventories rise to the highest level in years. "Usually, consumers are used to seeing the housing market perform in tandem with the economy," said Jonathan Miller, an appraiser and market analyst. "But what's been especially confusing over the last year … [Read more...] about The housing market is cooling off — and uncertainty isn’t helping
Will Martin, provided by Published 3:52 am PDT, Sunday, October 21, 2018 Bobby Yip/Reuters Chinese stocks have lost more than 30% of their value since the start of 2018. Fears of a slowing economy, rising debts and the impact of US President Donald Trump's trade war have all played a role in pushing the Chinese market lower. However, a wave of forced selling of company shares could see the market drop even more. Hundreds of Chinese companies use their shares as collateral for loans, and are forced to sell when their share price drops below certain levels. Analysts believe this trend is likely to exacerbate the major declines already seen in Chinese markets this year. Perhaps the biggest financial market story in 2018 so far is the colossal fall from grace of the Chinese stock market, which has witnessed losses in excess of 30% since the start of the year. The fall, which has seen the benchmark Shanghai Composite index drop to its lowest level in almost four years this … [Read more...] about The $600 billion reason why China’s stock market crash might get a whole lot worse