Tag: Stocks and Bonds

The Bank That Kept Saying Yes to Trump

Listen and subscribe to our podcast from your mobile device: Via Apple Podcasts | Via RadioPublic | Via Stitcher At a time when most Wall Street firms had stopped doing business with Donald J. Trump, a single bank lent him more than $2 billion. We look at the two-decade relationship that could unlock the president’s […]

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Ford Motor Will Cut 7,000 Jobs by August to Streamline Operations

Ford Motor will lay off 800 employees in the United States over the next several weeks as part of a broader plan to shrink its salaried work force by 7,000 people, or 10 percent, by the end of August. The cost-cutting drive arises from an effort by the company’s chief executive, Jim Hackett, to increase […]

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How the Promise of a $120 Billion Uber I.P.O. Evaporated

Last September, Uber’s top executives were pitched by some of Wall Street’s biggest banks, Morgan Stanley and Goldman Sachs. The bankers’ presentations calculated Uber’s valuation almost identically, hovering around one particular number: $120 billion. That was the figure the bankers said they could convince investors Uber was worth when it listed its shares on the […]

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Stocks Stabilize as U.S.-China Trade War Enters New Stage

Financial markets showed signs of stabilizing on Tuesday, one day after China’s retaliatory tariffs against imports from the United States rattled Wall Street. Still, China’s public comments suggested the uncertainty is far from over. Asian markets fell broadly but more modestly than Wall Street. European markets opened somewhat higher. Futures markets were predicting that Wall […]

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Markets Fall as Investors Await China Response to Trump

Global markets traded modestly lower on Monday as investors awaited word of how China would respond to President Trump’s escalation of a trade war. Chinese stocks finished more than 1 percent lower, while the rest of the region registered similar drops. European markets opened lower. Futures that track Wall Street’s performance indicated that stocks in […]

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Uber’s Dismal Debut Is a Rare Event on Wall Street

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ Uber has done something that few other big technology companies can claim: open below its initial public offering price. Shares of the ride-sharing company began trading Friday at $42 a share, down 6.7 percent, and […]

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Uber Stock Slides in Disappointing Trading Debut That Followed Muted I.P.O.

Uber tumbled below its initial public offering price on Friday, a disappointing start for one of the most hotly anticipated debuts in years and one that’s sure to raise concerns for other money-losing start-ups poised to list their shares. The ride-hailing firm’s shares opened at $42, almost 7 percent below the I.P.O. price of $45. […]

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U.S.-China Trade War Worsens, but Investors Bet on a Deal

Trade war? No problem. Global markets largely rose on Friday just hours after President Trump escalated his trade war with China. The stock market in China, which sometimes gets a lift from state-run companies looking to buoy the market, led the global rise. Futures that allow investors to bet on the performance of stocks in […]

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Uber Prices I.P.O. at $45 a Share, Valuing It at $82.4 Billion

The biggest Silicon Valley initial public offering in years turned out to be less lofty than expected. Uber priced its public offering on Thursday at $45 a share, near the bottom of its expected price range, valuing the ride-hailing company at about $82.4 billion. It raised $8.1 billion from the I.P.O. While the event solidifies […]

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Uber Said to Plan to Price I.P.O. at Midpoint of Range

Uber plans to price its initial public offering at or below the midpoint of its expected price range, people briefed on the matter said on Wednesday, in a conservative approach to one of the most eagerly anticipated offerings in years. The ride-hailing company had set an initial price range last month of $44 to $50 […]

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Why Markets Aren’t Sweating the U.S.-China Trade War Much: The ‘Trump Put’

The real question is not why the stock market is down this week. It is why it is down so little. After all, the world’s two largest economies have seemed to be hurtling toward a major escalation of their trade war. American officials have complained that Chinese negotiators have been playing a bait-and-switch, backing away […]

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Uber Drivers’ Day of Strikes Has Muted Start Before Company’s Big I.P.O.

A day of strikes planned by Uber drivers in cities around the world got off to a muted start in Australia and Britain on Wednesday, with protesters denouncing the ride-hailing giant’s employment and pay practices as it prepares for what is expected to be a blockbuster initial public offering this week. In Melbourne, about 30 […]

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5 Takeaways From 10 Years of Trump Tax Figures

Since the 2016 presidential campaign, journalists at The New York Times and elsewhere have been trying to piece together Donald J. Trump’s complex and concealed finances. Now The Times has obtained 10 years of previously unrevealed figures from the president’s federal income tax returns. The tax numbers, for the years 1985 through 1994, paint a […]

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Lyft’s First Results After I.P.O. Show $1.14 Billion Quarterly Loss

SAN FRANCISCO — The ride-hailing company Lyft went public in March in a blaze of hype. But it stumbled quickly and its shares slid below their offering price amid questions about whether the company could make money. On Tuesday, it did little to answer those questions. In its first financial results as a public company, […]

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Stocks Sink as New Tariff Threat Hangs Over China Trade Talks

Stocks dropped for a second straight day, as investors grew resigned to the idea that upcoming trade negotiations between China and the United States would be contentious, after key White House advisers echoed President Trump’s weekend threat to impose new tariffs on Chinese imports. In comments to reporters after markets closed on Monday, U.S. Trade […]

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Stocks Slump as Trump’s Threat of New Tariffs Scares Investors

A surprise hitch in trade talks between the United States and China spooked investors on Monday, sending Asian stocks tumbling and raising the prospect of a rough day for Wall Street. Shares in China led the decline, falling more than 5 percent as of midday, after President Trump threatened to raise tariffs against Chinese-made goods […]

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With Uber’s I.P.O., Dara Khosrowshahi Is Taking Travis Kalanick’s Company Public

Dara Khosrowshahi had a problem. His name was Travis Kalanick. That, of course, was nothing new. When Mr. Khosrowshahi took over as chief executive of Uber in 2017, he became the best-compensated janitor in Silicon Valley, with a mandate to clean up the mess left by the company’s exiled founder. But this time, in mid-April, […]

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Elon Musk and the S.E.C. Reach a Settlement, Again

If it was not already clear, securities regulators are giving Elon Musk, the chief executive of Tesla, a laundry list of things he cannot riff about on Twitter. A revised agreement between Mr. Musk and the Securities and Exchange Commission, filed in federal court in Manhattan on Friday, spells out just when Mr. Musk must […]

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