Goldman Sachs is working with Tesla on its bid to go private, the bank confirmed Wednesday. It’s still unclear whether there was a formal agreement when Elon Musk tweeted about working with the Wall Street firm. Follow Tesla’s stock price in real-time here. …read more […]
Facing Turkey’s gravest currency crisis since 2001 in his first month in the job, Finance Minister Berat Albayrak has the daunting task of reassuring global investors that the economy is not hostage to political interference.
Tesla’s board in damage control after Elon Musk’s controversial tweet. Yahoo Finance’s Seana Smith, Andy Serwer, Dan Roberts and Mattie Duppler, Senior Fellow at the National Taxpayers Union discuss. …read more […]
Financial Times Chief Executive John Ridding is to pay back some of his 2.6 million pound ($3.3 million) salary after a group of the newspaper’s reporters complained about his pay.
U.S. stock indexes slid on Wednesday in a broad decline over concerns of a strengthening dollar, Turkey’s currency crisis and United States’ trade relations with its partners.
Swiss authorities have halted registrations of some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles which had diesel engines that disguised emissions levels, the Astra roads agency said on Wednesday.
Netflix “is in a vicious spiral to the bottom in content spend,” long-standing Netflix bear Michael Pachter recently told Business Insider. Netflix plunged as much as 4.89% Wednesday, hitting a low of $321, a level not seen in more than three months. Netflix shares have been under pressure ever since the streaming giant reported underwhelming second-quarter results on July 16. …read more […]
Corona beer maker Constellation Brands will infuse another $4 billion into Canada’s top cannabis producer Canopy Growth , the biggest investment in the industry, to capitalize on booming demand for marijuana.
Equities around the world took a dive on Wednesday, with emerging market stocks set to confirm a bear market and the dollar hitting a 13-month high, while weakness in China’s yuan rattled investors’ nerves.
Swiss authorities have halted registering some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles whose diesel engines were manipulated to cloak emissions levels, the Astra roads agency said on Wednesday.
Chinese technology giant Tencent Holdings Ltd has “no clarity” on when it may get approval to start charging for its most popular game, it said on Wednesday, after reporting its first quarterly profit fall in nearly 13 years on weak gaming revenue. Company president Martin Lau said “the biggest issue” before Tencent could return to rapid revenue growth was to gain regulatory approval to start charging for its PlayerUnknowns’ Battlegrounds (PUBG) video game in China, while confirming a sector-wide freeze for new game approvals in the world’s largest gaming market due to a government restructuring. Tencent’s profit in …read more […]
Macy’s Inc on Wednesday said its gross margins would shrink in the fall season as delivery expenses rise, overshadowing a quarterly sales and profit beat and sending shares down more than 13 percent.
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk’s plans to take the company private and his statement that funding was “secured,” Fox Business Network tweeted https://twitter.com/CGasparino/status/1029740099339268096 on Wednesday, citing sources.
The three main U.S. stock indexes slid more than 1 percent on Wednesday in a broad decline over concerns about the strengthening dollar, Turkey’s currency crisis and United States’ trade relations with its partners.
A huge investment from Constellation Brands sends the marijuana stock into orbit. …read more […]
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