Trading Ideas
Tesla needs to get Elon Musk some help
The behavior of Tesla’s CEO has gone from erratic to destructive. …read more […]
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Business News
Starbucks pulls in crowds at first Italian cafe
Around two hundred people queued outside the first Starbucks cafe in Italy on Friday, as the world’s biggest coffee chain faces one of its toughest tests yet with an upmarket roastery in the center of Milan.
Trading Ideas
Police trying to determine why Cincinnati gunman opened fire
Police say they’re trying to learn why a gunman carrying a large amount of ammunition began shooting in a downtown Cincinnati high-rise building, killing three people and wounding two others before four officers all opened fire on him. Police Chief Eliot Isaac says they will study footage from the officers’ body cameras and security from the 30-story building that headquarters Fifth Third Bancorp. Police say the suspect had never worked at Fifth Third and don’t have any information linking him to other businesses in the building. …read more […]
Business News
BA apologizes after 380,000 customers hit in cyber attack
British Airways apologized on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the most serious attack on its website and app.
Business News
Carlyle hires Broadbent for new debt financing group
NEW YORK (LPC) – Carlyle Group has hired Tim Broadbent, the former head of US leveraged loan syndicate at Barclays, to lead a new group that will provide issuers and financial sponsors with capital markets advice.
Business News
Take Five: World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Trading Ideas
Why Tesla Stock Was Hit Hard Friday
More bad press for CEO Elon Musk and two more executive departures have Tesla investors concerned. Here’s what you should know. …read more […]
Business News
Ryanair cabin crew unions threaten strike in late September
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 change working conditions.
Business News
World stock markets on pace for worst week since March as trade, rate hikes weigh
World share indexes limped toward their worst week in almost six months on Friday, with Asia equities hitting a 14-month low and U.S. stocks down in early trading as investors braced for additional trade tariffs and higher U.S. interest rates.
Business News
China, ExxonMobil discuss $10 billion investment in Guangdong: state TV
Chinese officials and executives of ExxonMobil Corp discussed a $10 billion investment by the U.S.-based firm in the southern province of Guangdong, Chinese state television reported on Friday.
Trading Ideas
As Google turns 20, questions over whether it’s too powerful
Twenty years after Larry Page and Sergey Brin set out to organize all of the internet’s information, the search engine they named Google has morphed into a dominating force in smartphones, online video, email, maps and much more. Google’s search engine remains entrenched as the internet’s main gateway, and its digital advertising business is on pace to generate about $110 billion in revenue this year. Much of that revenue now flows through Google’s Android operating system, which powers 80 percent of the world’s smartphones. …read more […]
Business News
White House adviser Kudlow says dairy still blocking progress on NAFTA talks
White House economic adviser Larry Kudlow said on Friday that issues over dairy continued to block progress on talks between the United States and Canada to revamp the North American Free Trade Agreement (NAFTA).
Business News
A decade after Lehman, Europe remains on economic crutches
Ten years after the collapse of Lehman Brothers and the onset of the global financial crisis, much of the industrialized world has yet to fully recover and this will be all too evident at the European Central Bank’s policy meeting on Thursday.
Trading Ideas
Tesla may be veering off course with executive departures
CEO Elon Musk of Tesla is in the hot seat after smoking weed and drinking whiskey during a podcast with comedian Joe Rogan. Yahoo Finance’s Alexis Christoforous, Rick Newman and Michael Kelley discuss how this, along with other factors, could impact Tesla. …read more […]
Business News
Canada optimistic NAFTA deal can be struck this month: source
Canada is increasingly optimistic it can reach a deal with the United States to salvage the North American Free Trade Agreement, although it may take until the end of September, a source with direct knowledge of the talks said on Friday.