U.S. companies’ taste for their own shares is set to push buybacks past the $1 trillion-a-year mark for the first time as soon as November, TrimTabs Investment Research said, even as its latest data showed the pace of new repurchase announcements slowing during the second-quarter reporting season.
After recently pulling apart a Model 3 and comparing its quality and estimated costs with two competitors, UBS analyst Colin Langan said he thinks Tesla will never be able to make money at the $35,000 the company originally planned to charge for an entry-level model. …read more […]
The S&P 500 hits a new all time high on the same day the market ties a record for the longest bull market—ever. …read more […]
Facebook Inc has started scoring its users based on their trustworthiness in an attempt to fight misinformation, the Washington Post reported on Tuesday, citing a company executive.
The S&P 500 stock index rose as much as 0.57 percent on Tuesday to 2,873.23, putting it just above its previous record high of 2,872.87 on Jan. 26. Bolstered by quarterly earnings reports and a rise in stock buybacks, the benchmark S&P 500 has gained over 2 percent in the past month.
Brokerage Morgan Stanley has suspended equity coverage on Tesla Inc , hinting that the U.S. bank may be doing business directly with the company as it explores options to go private, pushing the electric carmaker’s shares up as much as 5 percent on Tuesday.
Morgan Stanley’s move comes a week after Goldman Sachs Group Inc (GS.N) stopped its coverage of Tesla last week shortly before confirming it was acting as a financial adviser on a matter related to the automaker. Morgan Stanley’s website showed Tesla had been moved to “Not Rated” from “Equal-weight” on Tuesday without providing further details on the reason for dropping coverage. Shares of Palo Alto, California-based Tesla rose to a high of $324.79 on Tuesday, bouncing off a three-month low on Monday when JP Morgan slashed its price target on the company by $113 and said it believed …read more […]
British outsourcing company Capita has poached the finance chief of bus and train company Go-Ahead Group to become its new CFO, Sky News reported on Tuesday.
The S&P 500 stock index rose as much as 0.57 percent on Tuesday to 2,873.23, putting it above its previous record high of 2,872.87 on Jan. 26. Bolstered by quarterly earnings reports and a rise in stock buybacks, the benchmark S&P 500 has gained over 2 percent in the past month.
The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute.
Two days after a report detailed an accusation of sexual assault against #MeToo activist Asia Argento, the Italian actress and filmmaker said she never had a sexual relationship with the young actor whom she agreed to pay $380,000 in a settlement. Argento, who has alleged that film producer Harvey Weinstein raped her, said in a statement Tuesday that she was linked “in friendship only” to Jimmy Bennett, a now 22-year-old Los Angeles actor who filed a legal notice of intent to sue Argento. As detailed in a New York Times story published Sunday, Bennett claimed Argento, then 37, …read more […]
FBN’s Charlie Gasparino on reports Elon Musk and Tesla are retaining bankers and advisors in an effort to move forward with the privatization process and the historic bull market. …read more […]
The S&P 500 stock index rose as much as 0.57 percent on Tuesday to 2,873.23, putting it above its previous record high of 2,872.87 on Jan. 26. Bolstered by quarterly earnings reports and a rise in stock buybacks, the benchmark S&P 500 has gained over 2 percent in the past month.
Italian state lender Cassa Depositi e Prestiti (CDP) may buy a controlling stake in Autostrade per l’Italia in the wake of the collapse last week of a bridge the motorway operator managed, two sources told Reuters on Tuesday.
The benchmark S&P 500 hit an all-time intraday high on Tuesday, the same day it equaled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute.
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