Stocks

Warren Buffett says it's hard to know how a trade war between China and the United States would affect the economy if President Donald Trump follows through on his latest tariff threat because so many other countries are affected.

The strategic review comes as Lord & Taylor and other traditional retailers struggle to maintain sales as fewer shoppers go to malls and brick-and-mortar locations.

Stocks drop sharply after President Trump threatens to increase tariffs on China; Dow Jones industrials fall 400 points.

The Latest on investor Warren Buffett's comments on a variety of topics (all times local): 6:25 a.m.

Shares and oil prices have tumbled after President Donald Trump jolted markets with a threat to raise more tariffs on imports from China, spooking investors who had been expecting good news this week on trade.

Despite fears that President Trump's tariff threat would cause China to cancel this week's talks, the meetings remain on track, according to published reports.

The Latest on reaction to President Donald Trump's threat to raise tariffs on imports from China to 25% as of this coming Friday (all times local): 12:30 p.m. Chinese share benchmarks have plummeted more than 5% as threats by President Donald Trump to raise tariffs in the trade war with Beijing raised doubts over the likelihood of a deal between the two biggest economies.

President Donald Trump turned up the pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods.

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.