Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a “Spartan diet” and easing Wall Street concerns about the money-losing company’s ability to overcome a drop in sales and build new product lines.
Wall Street’s main indexes slipped on Thursday, as a slide in energy stocks added to the gloom after the Federal Reserve dampened expectations of an interest rate cut this year.
Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals in the near future due to underinvestment in the mining sector, the company’s head of minerals procurement told an industry conference on Thursday, according to two sources.
Shares of vegan burger maker Beyond Meat Inc surged 84 percent in their market debut on Thursday, as investors look to cash in on the growing popularity of veganism.
PepsiCo Inc will withdraw its lawsuits against a number of Indian potato farmers accused of infringing its patent, the company said on Thursday.
Alphabet Inc’s Google unit told a U.S. House panel it annually spends hundreds of millions of dollars on content review and said it manually reviewed over 1 million suspected “terrorist videos” on YouTube in the first three months of 2019.
DowDuPont Inc posted a 28 percent slump in quarterly profit on Thursday, as floods in the United States delayed seed shipments and demand for its specialized chemicals used by the auto and smartphone industries declined, sending shares down about 6 percent.
U.S. stocks headed lower on Thursday as a slide in energy stocks added to gloom after the Federal Reserve quashed hopes of interest rate cuts this year.
Bombardier put its Belfast wing-making factory on the block as part of a wider shake-up, while the plane and train maker’s failure to commit to meeting its 2020 goals knocked as much as 10 percent off its shares.
U.S. worker productivity increased at its fastest pace in more than four years in the first quarter, depressing labor costs and suggesting inflation could remain benign for a while.
Tesla Inc announced plans to raise up to $2.3 billion in new capital on Thursday, easing Wall Street concerns over the electric carmaker’s ability to see through its ambitious investment plans while it works to deliver a steady profit.
Global equity markets dipped for a second straight day on Thursday and the dollar and bond yields rose as the Federal Reserve was now seen as less likely to cut U.S. interest rates this year in the wake of comments from Chairman Jerome Powell.
Theresa May hoped firing her defense secretary over a leak would put her latest government scandal to rest. But it seems only to have unleashed yet another political storm for the British prime minister, with members of her own party questioning her judgment and opponents demanding the police be called in.
Airbus on Thursday declined to say whether it was interested in buying Bombardier’s Belfast plant after the Canadian firm put it up for sale, but described the Northern Ireland facility as a “key supplier”.
U.S. private equity firm Blackstone Group has launched legal action against the chairman and controlling shareholder of Italian publisher RCS Mediagroup over a disputed property sale, a copy of the lawsuit showed.
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