Articles written by Stan Choe
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Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge
DETROIT (AP) — Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company's corporate home to Texas. The changes, to be voted on by stockholders at a...
Stock market today: S&P 500 sets a record after Wall Streets breaks out of its lull
NEW YORK (AP) — U.S. stocks rose to a record Wednesday after breaking out of their three-day lull. The S&P 500 climbed 44.91 points, or 0.9%, to 5,248.49. It was the first gain for the index since setting its last all-time high on Thursday. The D...
Mnuchin's interest in TikTok and distressed NY bank echoes his pre-Trump investment playbook
NEW YORK (AP) — It seems like a bizarre mishmash: A former Trump cabinet official is saying he wants to buy TikTok just days after leading a group that pumped $1 billion into a beaten-down bank. But it all actually fits in with the complicated c...
A court rejected Elon Musk's $55.8B pay package. What is he worth to Tesla?
Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk's pay package was eye-opening. A judge in Delaware on Tuesday struck down the package that Tesla established for Musk in 2018,...
Stock market today: Oil prices climb following the latest Gaza war, but stocks rise with rate hopes
NEW YORK (AP) — Oil prices climbed Monday on worries about violence in the Middle East. The stock market was less fearful, though, and flipped from early losses to gains. The S&P 500 rose 27.16, or 0.6%, following some potentially encouraging news o...
Stock market today: Most of Wall Street slips as the bond market cranks up the pressure
NEW YORK (AP) — Stocks mostly slipped in mixed trading Monday as the constrictor of higher interest rates tightened its coils around Wall Street. The S&P 500 edged up by 0.34, or less than 0.1%, to 4,288.39, coming off its worst month of the year. T...
Wall Street climbs as some beaten-down bank stocks recover
Stocks are broadly higher on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reverse course. The S&P 500 was 0.8% higher in afternoon trading after a report showed inflation is still high but heading lower. Stocks of...
Bank runs used to be slow. The digital era sped them up
NEW YORK (AP) — A bank run conjures images of "It's a Wonderful Life," with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money. The failure of Silicon Valley Bank last week had t...
Stocks tumble on fears about faster rate hikes, Dow down 570
NEW YORK (AP) — Stocks sank Tuesday after the head of the Federal Reserve warned it could turn the dial back up on its hikes to interest rates if pressure stays high on inflation. The warning shook markets and raised worries about a possible r...
What is ESG investing and why do some hate it so much?
NEW YORK (AP) — After sweeping through battles in statehouses across the country, the war against ESG investing is heating up in Congress. The Senate voted Wednesday to overturn a Labor Department rule allowing retirement plans to consider e...
Wall Street rallies for best week since June on rate hopes
NEW YORK (AP) — Wall Street piled more gains Friday onto its mammoth rally from a day earlier to close out its best week since the summer. The S&P 500 rose 0.9% a day after soaring 5.5% for its best day in more than two years. The Dow Jones I...
Wall Street rally marks first weekly win streak since summer
Technology stocks led a broad rally on Wall Street Friday, capping another strong week for the market, as investors welcomed solid profits from Apple and other companies. The S&P 500 rose 2.5% and posted its first back-to-back weekly gains since...
Stocks end September down 9.3%, worst month since March 2020
Wall Street closed out a miserable September on Friday with the S&P 500's worst monthly skid since March 2020, when the coronavirus pandemic crashed global markets. The benchmark index ended the month with a 9.3% loss and posted its third straight...
Stocks dip deeper into bear market ahead of big Fed news
NEW YORK (AP) — Most stocks on Wall Street dipped Tuesday in their first trading after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy. The S&P 500 fell 14.15, or 0.4%, t...
Bear market hits Wall Street as stocks, bonds, crypto dive
NEW YORK (AP) — Wall Street tumbled into what's called a bear market Monday after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20% below its record set early this year. The index sank 3.9% in the first chance for...
Stocks slide as strong economic data raises rate worries
NEW YORK (AP) — A swift jump in Treasury yields rattled Wall Street on Wednesday, pulling stocks broadly lower at the start of another month in what's been a turbulent year for the market. The S&P 500 ended 0.7% lower after an early morning gain q...
Final-hour rally yanks Wall Street from maw of bear market
NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers' 401(k) a...
Wall Street's losses worsen as markets tumble worldwide
NEW YORK (AP) — Stocks racked up more losses on Wall Street Monday, leaving the S&P 500 at its lowest point in more than a year. The sell-off came as renewed worries about China's economy piled on top of global financial markets already battered by r...
Stocks stumble 2.8% as worries about interest rates worsen
NEW YORK (AP) — Stocks tumbled on Wall Street Friday, leaving the S&P 500 with its biggest one-day loss in almost seven weeks, as worries deepen about a surge in interest rates and the U.S. central bank's efforts to fight inflation. Several d...
Stocks rally on Wall Street as oil prices keep falling
NEW YORK (AP) — Technology companies led stocks broadly higher on Wall Street Tuesday, as oil prices slid sharply for the second day and inflation worries ebbed. The market rally came a day ahead of the Federal Reserve's highly anticipated i...
Stocks tumble as war overshadows 'fantastic' US jobs data
NEW YORK (AP) — Stocks around the world racked up more losses Friday, as even a gangbusters report on the U.S. jobs market can't pull Wall Street's focus off its worries about the war in Ukraine. The S&P 500 fell 0.8% and posted its third weekly l...
Stocks sink as omicron, rate worries rattle Wall Street
NEW YORK (AP) — Already unnerved by the newest coronavirus variant, Wall Street's losses deepened on Tuesday after the head of the Federal Reserve said it will consider shutting off its support for financial markets sooner than expected. The S&P 500...
EXPLAINER: Here is why crowd surges can kill people
NEW YORK (AP) — The crowd deaths at a Houston music festival added even more names to the long list of people who have been crushed at a major event. Tragedies like the one Friday night at the Astroland Music Festival have been happening for a l...
Bitcoin tops $66,000, sets record as crypto goes mainstream
NEW YORK (AP) — Bitcoin stormed above $66,000 for the first time on Wednesday, riding a wave of excitement about how the financial establishment is increasingly accepting the digital currency's rise. One Bitcoin was valued at $66,096, as of 4:15 p...
Robinhood CEO tells AP it's eying expansion beyond trading
NEW YORK (AP) — Robinhood has already changed how people trade stocks and who's doing it. Now its sights are on the rest of the financial industry. Shares of Robinhood Markets are set to begin trading on the Nasdaq Thursday, a highly anticipated i...
