Investors are rushing into the relative safe-haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Investors rushed into the safety of bonds Thursday and sold stocks, as it appeared the trade war could be prolonged and more painful for the world economy than expected.Market Insiderread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
Investors trying to get a gauge on the state of U.S.-China trade relations should look at shares of big chipmakers, according to Ned Davis Research.Marketsread more
The volatile stock of Tesla has lost over 40% so far this year, and experts are split on what might happen next.Trading Nationread more
The e-mail's optimistic tone helped Tesla shares turn positive for the first time in seven days.Technologyread more
J.P. Morgan Chase has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill...Banksread more
Farmers hurt by the ongoing U.S.-China trade war would rather have their markets back than the latest bailout from the Trump administration, says GOP Sen. Chuck Grassley.Politicsread more
The Senate on Thursday passed a bipartisan deal that would provide more than $19 billion in disaster aid funding to parts of the United States hit by hurricanes, flooding,...Politicsread more
Shares of LendingClub, the world's largest online marketplace that connects borrowers and investors, rose as much as 67 percent in their debut, valuing the company at more than $9 billion.
The initial public offering of 58 million shares raised $870 million after being priced at $15 per share, well above the expected range of $12-$14.
San Francisco-based LendingClub sold 50.3 million shares, while selling stockholders offered the rest.
LendingClub's shares opened at $24.75 on the New York Stock Exchange and touched a high of $25.44.
The spike means an even bigger payday for early investors. Some of the biggest shareholders' stakes are now worth as much as $1.2 billion (Norwest Venture Partners), $1.15 billion (Canaan Partners) and $925.5 million (Foundation Capital).
Former Treasury Secretary Larry Summers, who is a board member, also owns a stake now worth $23.5 million.
The company's low-cost peer-to-peer platform allows investors to lend directly to individuals and businesses, cutting out banks.
Morgan Stanley, Goldman Sachs and Citigroup were the underwriters to the IPO.
CNBC's Ari Levy contributed to this report.