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Business News

China’s Geely in deal to let Malaysia’s Proton tap new-energy, other vehicle tech in global push

Chinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad to upgrade the Malaysia carmaker’s line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in China and other international markets.

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Trading Ideas

Tesla’s Board Said to Be on Lookout for Senior Talent, Not COO

Tesla Inc.’s board of directors is on the lookout for senior talent — though it’s not actively searching for a chief operating officer, a person familiar with the board’s thinking said late Friday. Questions have arisen about Chief Executive Officer Elon Musk’s well being, judgment and ability to juggle multiple companies in the wake of his Aug. 7 tweet that he was “considering taking the company private at $420 a share. In an interview with the New York Times, a tearful Musk admitted to being sleep deprived and under enormous stress, adding that that no one had seen …read more […]

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Tesla short sellers raked in $1 billion after Elon Musk revealed his personal struggles in an eye-opening interview (TSLA)

Tesla short sellers received a sizable payday hours after The New York Times published an eye-opening interview with an emotional Elon Musk, the electric-car company’s chief executive. Investors betting against Tesla raked in about $1 billion on Friday, according to data from the analytics firm S3 Partners. The Times’ interview with Musk came out late Thursday night. …read more […]

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Market report: Fresh sanctions threat from US knocks recovery of Turkish lira

Rattled markets ended a rollercoaster week on the back foot after the Turkish lira’s recovery suffered a setback with tensions mounting with the US. US treasury secretary Steven Mnuchin warned the country will turn up the heat on under-fire president Recep Tayyip Erdogan by imposing more crippling sanctions if Turkey refuses to free American pastor Andrew Brunson. The row is likely to escalate in the coming days after a court in the Turkish city of Izmir decided to reject an appeal for release by Mr Brunson. The lira started trading brightly, rallying for a fourth consecutive day, before it slipped …read more […]

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Trading Ideas

Why Analysts Are Wrong About Ford Stock

Currently, it appears that one of the worst calls I’ve made here at InvestorPlace was telling you to buy Ford (NYSE:F). If you feel badly about it, I feel worse, because I did indeed buy Ford stock. Ford made a profit of $1.06 billion on those sales, enough to pay the 15-cent-per-share dividend with room to spare. …read more […]

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Business News

Turkey’s lira falls 3 percent, Trump won’t take pastor’s detention ‘sitting down’

Turkey’s battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor’s appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention “sitting down”.

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