The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding its privatization plans and Chief Executive Officer Elon Musk’s statement “funding secured”, Fox News tweeted https://twitter.com/CGasparino/status/1029740099339268096 on Wednesday, citing sources.
WASHINGTON (AP) — For years, Omarosa Manigault Newman stood at Donald Trump’s side, making her deeply unpopular with African-Americans who see her as a sellout for aligning herself with a president who has hurled one insult after another at black people. …read more […]
Investors have told Uber Technologies Inc [UBER.UL] it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18 months, tech news site The Information reported on Wednesday, citing an unnamed person familiar with the issue.
U.S. stock indexes fell on Wednesday in a broad-based decline, hurt by concerns over the strong dollar and Turkey’s currency crisis, as well as the trade tensions with U.S. trading partners that have dominated the first half of 2018.
U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.
U.S. business inventories barely rose in June and the inventory-to-sales ratio fell to more than a 3-1/2-year low, suggesting businesses would need to ramp up the accumulation of stock, which would boost economic growth in the third quarter.
Macy’s Inc on Wednesday reported a surprise rise in quarterly same-store sales and raised its full-year forecasts, but its shares fell 9 percent with some analysts attributing the drop to profit taking following the stock’s run-up this year.
U.S. stocks opened lower on Wednesday as investors assessed the impact of Turkey’s currency crisis and escalating trade tensions between the United States and its trading partners.
Along the way Starbucks shares violated some crucial technical support areas, which is just one reason why, in my eye, this name has plenty of downside in store. Before digging into some charts, I would like to be clear that whenever I see an opportunity to bet against a stock, the time frames of those “trades” are usually short term, to at most, intermediate-term, in duration, i.e. Case in point, in the longer run, SBUX stock is still an interesting equity to own, but the near (to possibly intermediate-term) offers a better reward-to-risk opportunity on the short side, …read more […]
The two aircraft manufacturers announced lots of deals at the Farnborough Airshow last month, but hardly any of them were finalized during July. …read more […]
U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.
Constellation was among the first major alcohol producers to invest in marijuana production when it pumped nearly $200 million into Canopy last year but the latest announcement makes it by far the biggest investment in the industry. Canada, where 4.4 million people reported using the drug in the first half of the year, will fully legalize the recreational use of cannabis in October. Constellation, Molson Coors and Anheuser-Busch are all using the move by the United States’ northern neighbor to hedge their bets for the future at a time when beer sales, roughly 60 percent of Constellation’s business, …read more […]
U.S. stock index futures pointed to a lower opening on Wednesday, with investors weighing the impact of Turkey’s currency crisis as well as the escalating tariff tensions between the United States and its trading partners.
Financial Times Chief Executive John Ridding is to give some of his 2.6 million pound ($3.3 million) salary back to the company after a group of the newspaper’s reporters complained about his pay, according to an email to staff seen by Reuters.
U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T , accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account.
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