Tesla Inc Chief Executive Elon Musk was filmed smoking marijuana, drinking whiskey and wielding a sword just hours before the automaker said its accounting chief would leave after a one-month stint, the latest in a string of unusual behavior and executive departures that have stunned investors.
Shares of the electric carmaker tumbled as much as 10 percent on Friday, with investors on edge after a tumultuous August during which Musk proposed and then abruptly pulled the plug on a go-private deal. Chief Accounting Officer Dave Morton resigned because of discomfort with the attention on the company and pace of work during that time, Tesla said in a filing on Friday. Morton, whose departure comes after the U.S. Securities and Exchange Commission opened an inquiry into Musk’s aborted plan, joins a list of executives who have left Tesla recently. …read more […]
U.S. economic growth for the second quarter is likely to be revised higher after data on Friday suggested a bit more consumer spending than previously estimated.
The S&P 500 and the Dow Industrials reversed course to trade lower on Friday, while the Nasdaq gave up nearly all gains after President Donald Trump said fresh tariffs are ready to go on $267 billion worth of Chinese imports.
India’s National Company Law Appellate Tribunal (NCLAT), a local semi-judicial body, has asked a Walmart Inc unit to explain its business model in India, following an objection raised by a traders body against its $16 billion acquisition of e-commerce firm Flipkart.
Shares of Barnes & Noble Inc jumped as much as 21 percent on Friday after investor Richard Schottenfeld disclosed a higher stake in the bookseller and said he had discussed with its founder a possible sale of the company.
Canada’s top trade negotiator and her American counterpart started a third day of talks to save the North American Free Trade Agreement on Friday as differences between the two sides appeared to have narrowed.
Jeffrey Sonnenfeld of the Yale School of Management said that Elon Musk’s decision to smoke weed on Joe Rogan’s podcast was a mistake and that his “self destructiveness” is part of the reason the company’s stock is falling. …read more […]
U.S. President Donald Trump said on Friday that he has tariffs ready to go on a further $267 billion worth of Chinese imports, as the world awaits his decision on imposing levies on $200 billion worth of the Asian nation’s goods.
Worker pay gains in areas of the country that helped power Donald Trump’s 2016 presidential victory were substantially slower than in the rest of the country during the first year of his administration, new government data shows.
U.S. stocks reversed course to trade lower on Friday, after President Donald Trump said a fresh round of tariffs on $267 billion worth of Chinese imports are ready to go, if he wanted, escalating trade war fears.
Seven trade unions representing Ryanair cabin crew in five countries threatened on Friday to hold a strike in late September unless the airline agrees to improve working conditions.
From the floor of the New York Stock Exchange, Yahoo Finance’s Jared Blikre joins Alexis Christoforous to break down the latest market moves. …read more […]
Billionaire investor Daniel Loeb’s Third Point LLC is launching a proxy fight to remove the entire sitting board at Campbell Soup Co, charging the American food company with being in a “mess” and faulting the board for failing to take corrective action.
Tesla Inc’s shares dropped the most in two years on Friday, rocked by the departure of its accounting chief after just a month and mounting investor concerns about Chief Executive Elon Musk’s behavior after he smoked marijuana on a live webcast. Investors in the electric carmaker are on edge after a tumultuous August, during which Musk proposed and then abruptly pulled the plug on a go-private deal. Tesla said Chief Accounting Officer Dave Morton resigned because of discomfort wit
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