Tesla Inc Chief Executive Elon Musk said the tweet that cost him and the company $20 million in fines each by the U.S. Securities and Exchange Commision was “Worth It”.
Insider trading doesn’t have a great connotation.
Martha Stewart (or M. Diddy, as she was known in the slammer) and current halfway house resident (and former Enron CEO) Jeff Skilling are the usual suspects that come to mind. They’re seen as slimy and dishonest for making money on inside information.
But in reality, anytime a CEO, board member or management-level employee of a corporation buys shares of the company he or she works for, they’re often buying on information not yet widely known to the public. And contrary to popular belief, it isn’t (usually) a crime.
When an insider changes their holdings in …read more […]
Qualcomm Inc said in a court hearing on Friday that Apple Inc is $7 billion behind in patent royalty payments to the mobile chip firm, which for years supplied parts for the iPhone.
Delta Air Lines Chief Executive Ed Bastian said on Friday he was satisfied with pilot contract language governing the outsourcing of regional flights and does not see it becoming an issue during upcoming negotiations.
The S&P 500 ended at its lowest level since early May after technology and internet shares sold off further on Friday, capping a volatile week that confirmed a correction for the Nasdaq.
Stock markets around the world tumbled on Friday while U.S. Treasury prices rose along with demand for safer bets as better-than-expected U.S. economic data did little to ease anxiety over disappointing corporate profits and trade wars.
Epic Games, the creator of video game sensation “Fortnite”, said on Friday it received $1.25 billion in funding from investors, including KKR & Co Inc , Iconiq Capital and Smash Ventures.
U.S. stocks sold off further on Friday and the S&P 500 flirted with correction territory as disappointing results punished technology and internet shares.
U.S. stocks were lower on Friday afternoon following a slew of high-profile earnings disappointments, but indexes were off the day’s lows and the S&P 500 eased off correction levels.
Tesla Inc has not received a subpoena from the U.S. Department of Justice related to its forecast for Model 3 production, the carmaker said on Friday, after a report that the company was facing a deepening criminal probe about the projections.
Stock markets around the world fell on Friday on track for the longest weekly losing streak since 2013 while U.S. Treasury prices rose along with demand for safer bets as better than expected U.S. economic data did little to assuage anxiety over disappointing corporate profits and trade wars.
Brazil will leave a decision on whether to approve the sale of a controlling stake in planemaker Embraer SA’s commercial jet business to Boeing Co to the next government, Defense Minister Joaquim Silva e Luna told Reuters on Friday.
U.S. stocks were well off session lows on Friday afternoon, with the S&P retreating from correction levels, helped by a sharp recovery in Alphabet and data showing the U.S. economy continued to grow at a healthy pace.
Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer’s market capitalization.
Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer’s market capitalization.
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