Stocks gain back some ground as investors assess the trade war’s impact

Stocks had their best trading day in a while on Tuesday as investors took a break from selling to assess the actual effects of the trade war with China. Both the Dow Jones Industrial Average and the S&P 500 gained back some of their losses with the DJIA climbing 207.06 points to close at 25,532.05 […]

Tech stocks tumble as China retaliates in latest salvo of the trade war

Shares of technology companies were hit hard as China retaliated against the U.S. in the latest salvo of the ongoing trade war between the two countries. The S&P 500 Index shed roughly $1.1 trillion of value while the Dow Jones Industrial Average and the Nasdaq Composite Index fell 2.38% and 3.41%, respectively. On Monday, China […]

SoFi launches gig-focused ETF

SoFi is one of the leading fintech startups to emerge from San Francisco and breach the financial markets. Originally started as a way to better finance student debt, it has since expanded to include products targeted at personal loans and home loans. Today, the company announced a new exchange-traded fund (ETF) product focused on the […]

Zoom increases IPO price range ahead of Thursday listing

Zoom, the developer of video conferencing software, plans to list its shares on the Nasdaq under the ticker symbol “ZM” at between $33 and $35 apiece, per an updated S-1 filing. The company has also announced plans to sell $100 million in Class A shares to Salesforce Ventures at the initial public offering price. The […]

Dissecting what Lyft’s IPO means for Uber and the future of mobility

Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Kirsten Korosec and Kate Clark led a deep-dive discussion into Lyft’s IPO and the outlook for the business going forward. After skyrocketing nearly 10% on its first day hitting the […]

Lyft increases IPO price

Lyft, expected to hit public markets in a landmark initial public offering Friday, has increased its share price range. In a new filing published Wednesday afternoon, the company outlined plans to charge between $70 and $72 per share. In an amended IPO prospectus filed last week, the company said it would sell 30.7 million shares […]

Apple losses trigger a plunge in US markets

Bad news from Apple and signs of slowing international and domestic growth sent stocks tumbling in Thursday trading on all of the major markets. Investors erased some $75 billion in value from Apple alone… an amount known technically as a shit ton of money. But stocks were down broadly based on Apple’s news, with the Nasdaq […]

The highest-flying consumer tech stocks have lost $1 trillion

Another day, another stock market setback for once high-flying technology companies, which have lost roughly $1 trillion in the latest stock market slide. Shares of the core group of consumer technology companies, including Facebook, Amazon, Apple, Alphabet and Netflix, are falling again — contributing to the big indexes like the Dow Jones Industrial Average and the […]

Today in brighter crypto news: SEC says tokens are securities

Crypto news got a little boost last week after a dark month of crashes, stablecoins and birthdays. The SEC ruled that two ICO issuers, CarrierEQ Inc. and Paragon Coin Inc., were in fact selling securities instead of so-called utility tokens. “Both companies have agreed to return funds to harmed investors, register the tokens as securities, […]

Tech stocks (and the stock market) are tanking thanks to rising interest rates

Tech stocks tanked today amid a broader stock market slide as nervous investors worried that the 10-year bull run in public stocks may be coming to an end. The S&P 500 dropped 3.3 percent while Nasdaq composite index (which is the market where many of the largest U.S. tech companies are traded) lost 4 percent […]