Stocks

Shares tumbled in Asia early Monday after President Donald Trump threatened in a tweet to impose more tariffs on China.

Uber and Airbnb are among at least six California-based companies valued at more than $1 billion expected to go public this year, creating a new class of millionaires and billionaires and a welcome quandary for the state's budget writers.

Uber's CEO is barring his predecessor from taking part in the opening-bell ceremony at the New York Stock Exchange next week, when the ride-sharing company is expected to make its hotly anticipated stock market debut.

An organization representing for-hire drivers in New York City says its members will go on a two-hour strike against Uber and Lyft ahead of Uber's planned initial public stock offering.

___ Unemployment hits 49-year low as US employers step up hiring WASHINGTON (AP) — The April U.S. jobs report from the Labor Department showed that solid economic growth is still encouraging strong hiring nearly a decade into the recovery from the Great Recession.

Stocks closed broadly higher on Friday, erasing most of the market's losses for the week and driving the S&P 500 index to its second straight weekly gain.

U.S. stocks moved broadly higher in midday trading on Wall Street Friday and are on track to bounce back after a two-day slide.

The latest on developments in financial markets (all times local): 11:45 a.m.

Buffett, whose Berkshire Hathaway is Coca-Cola’s largest shareholder, said he wouldn’t sell his shares of the beverage giant it if decided to get into the legal cannolis industry.

Global markets made modest gains on Friday as traders awaited cues from the release of U.S. jobs data.

Stocks edged slightly higher in early trading Thursday on Wall Street while investors assessed a mix of corporate earnings.

The company’s planned offering increased in size compared to one day earlier, when it said it would seek to raise up to $2.3 billion in a bond and stock sale.

While Warren Buffett has been known for his savvy investing chops for several decades – one boat he admits he missed was investing in e-commerce giant Amazon early.

The Labor Department also said unemployment dropped to 3.6 percent, beating analysts' expectations of 3.8 percent and the lowest rate since 1969.

Beyond Meat is ready for more.

A week after posting a huge first quarter loss and saying the company needs to raise cash, Tesla is doing just that and CEO Elon Musk will buy $10 million worth of stock in an $1.5 billion offering of shares and convertible notes.

___ Trump Fed choice Stephen Moore withdraws amid controversy WASHINGTON (AP) — Stephen Moore, a conservative commentator whom President Donald Trump had tapped for the Federal Reserve board, withdrew from consideration after losing Republican support in the Senate, largely over his past inflammatory writings about women.

Stocks finished broadly lower on Wall Street Thursday after energy shares sank with the price of oil and some big technology and media names also tallied losses.

The Latest on Beyond Meat's initial public offering (all times local): 1:15 p.m. Beyond Meat's shares are zooming upward in its stock market debut.

The latest on developments in financial markets (all times local): 9:35 a.m.