Stocks

The fired chief financial officer of a former Wisconsin-based trucking company was arrested Wednesday and charged as part of an ongoing federal probe into what authorities say was a complex $245 million stock scam.

Shares of Lyft are tumbling in its first full day of trading as a public company.

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

U.S. stock indexes rebounded from a late-afternoon stumble to close modestly higher Wednesday, giving the benchmark S&P 500 index its fifth straight gain.

___ Trump team and China resume uphill effort to end trade rift WASHINGTON (AP) — The Trump administration is resuming negotiations with China toward ending a trade war that has deepened uncertainty for businesses and investors and dimmed the outlook for the global economy.

For full fiscal year 2018, GameStop reported a global sales decline of 3% and a net income loss of $673 million.

"Trade talks between China and the U.S. have, for now, produced positive news as a deal has moved closer," Carsten Brzeski, chief economist at ING Germany, said.

Shares rose in Asia on Wednesday ahead of the resumption of trade talks between the U.S. and China in Washington.

U.S. stocks moved broadly lower on Wall Street in early trading on Tuesday, reversing course from a three-day rally.

A federal judge says he will closely monitor Pacific Gas & Electric's tree-trimming this year and barred the utility from paying out dividends to shareholders as part of a new, court-ordered wildfire prevention plan.

___ Scam ads promoting fake tax breaks prosper on Facebook NEW YORK (AP) — Hundreds of ads have been running on Facebook for more than a year promising that governors across the country had signed off on big tax breaks for U.S. homeowners who wanted to install new solar energy panels.

The Latest on Lyft's falling stock price (all times local): 5:00 p.m. Ride-hailing giant Lyft's stock has fallen below its IPO price of $72 and is languishing at around $68. That's a sharp turnaround from its debut when the stock price jumped 21% to $87.24 on Friday.

Stocks shook off an early slump Tuesday and wound up little changed as gains for some big tech companies were offset by losses in other sectors.

Walgreens slashed its 2019 forecast after falling short of expectations in what its CEO described as the most difficult quarter since the company was formed a few years ago.

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

American Express and Delta Air Lines are extending their credit card partnership through 2029, a significant extension of one of the larger financial partnerships between a major U.S. airline and a credit card company.

The S&P 500 and Nasdaq Composite were modestly lower after hitting six-month highs on Monday.

Global stock prices followed Wall Street higher Tuesday on encouraging economic data despite uncertainty over Britain's departure from the European Union.

Asian stock prices followed Wall Street higher Tuesday on encouraging global economic data.

U.S. stocks moved broadly higher on Wall Street in early trading Monday, continuing the market's upward momentum as it comes off its best quarter in nearly a decade.