Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
AXA Equitable (EQH) tops our list. Shares of the French insurer’s U.S. division were priced at $20 ahead of its IPO today. But it was expected to fetch $24 – $27 each. That means it came in $1B short, but it’s still the biggest U.S. IPO of the year. AXA will trade on the New York Stock Exchange.
Apple (AAPL) is abandoning a big project in the Emerald Isle, for now. The tech giant says it’s cancelling plans to build a billion dollar data center in Ireland. Apple originally applied to build the center back in 2015 and finally got approval last year. However, a new appeal sent the case back to court. Apple calls the decision disappointing, but it doesn’t rule out future business in Ireland.
Google (GOOG) is making another big change to make it easier for you to use its products. The tech titan is redesigning Google Drive to match its newly renovated Gmail. New elements include centering icons with the search bar, using cleaner graphics and simpler colors. All users should receive the update by next week.
Tesla (TSLA) is at the center of another fatal crash investigation. This time, two Florida teens died after the driver crashed a Model S into a concrete wall. It ended in a fiery explosion. The National Transportation Safety Board says it’s focusing on the fire created by the electric car’s lithium-ion battery. The agency says, for now, Tesla’s controversial Autopilot system isn’t part of the investigation. Tesla is cooperating with authorities.
Wells Fargo (WFC) admitted to keeping fee rebates that should have been passed on to a Tennessee public pension fund while acting as its trustee, according the Wall Street Journal. The pension fund says since 2010, Wells Fargo has improperly retained $47K belonging to the fund. Wells is blaming a system error.