Trading Ideas
Elon Musk's Tesla tweet brings the 'Reed Hastings rule' into play
The question of whether Elon Musk broke any rules with his Tesla tweet might hinge on a little-understood 2013 SEC rule. …read more […]
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Business News
CVS Health beats profit estimates, defends PBM business
CVS Health Corp beat analysts’ estimates for quarterly profit on Wednesday and the drugstore operator defended its pharmacy benefits management business in the face of the Trump administration’s move to clamp down on escalating drug costs.
Business News
Indian regulator clears Walmart’s $16 billion acquisition of Flipkart
India’s antitrust regulator on Wednesday approved U.S. retail giant Walmart Inc’s $16 billion acquisition of Indian ecommerce firm Flipkart, beefing up the competition for rival Amazon.com Inc in the fast growing market.
Trading Ideas
OPKO Stock Had a Great Q2 and the Future Looks Even Better
With shares nearly double where they were in May, OPKO Health, Inc. (NASDAQ:OPK) needed a strong second-quarter earnings report to justify the gains in OPKO stock. What, then, is the company worth after OPKO reported earnings and revenue that beat consensus estimates? …read more […]
Business News
Thomson Reuters on offense as Blackstone deal nears
Thomson Reuters Corp said it was thinking about acquisition opportunities after reporting quarterly earnings that were ahead of expectations on Wednesday and reaffirming its 2018 forecast.
Business News
Boeing sees more narrowbody delivery delays in third quarter
Boeing Co . the world’s largest planemaker, said on Wednesday it expects delivery delays of its hot-selling narrowbody aircraft to continue deeper into the year as it grapples with delays of fuselages and engines from suppliers.
Business News
Wall St. flat as trade tensions mute earnings optimism
U.S. stocks were flat on Wednesday after China retaliated to Trump administration’s latest tariffs, escalating trade tensions and muting strong corporate earnings.
Business News
Tesla board evaluating CEO Musk’s idea to take company private
Tesla Inc said on Wednesday its board is evaluating Chief Executive Elon Musk’s idea of taking the company private after he brought the matter up for discussion last week.
Business News
Rouble slides towards two-year low on U.S. sanctions ‘bill from hell’
The rouble slid towards its lowest level in nearly two years on Wednesday and investors sold off bonds and stocks after the Kommersant daily published what it said was the full text of a draft U.S. law detailing possible penalties against Russia.
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China retaliates with new tariffs on US cars, oil
China is responding to President Trump’s latest trade moves with new tariffs on $16B worth of cars, oil. Yahoo Finance’s Alexis Christoforous, Dion Rabouin and Rick Newman dig into the implications. …read more […]
Business News
Glencore looks to buybacks, not dealmaking
Glencore said it would favour share buybacks over deal-making after it reported a 23 percent rise in first-half core earnings on Wednesday, just below analyst forecasts.
Business News
Tesla’s board says Musk started go-private talks last week
Tesla Inc Chief Executive Elon Musk started talks with the company’s board last week about taking the electric car maker private, some board members said on Wednesday.
Trading Ideas
Tesla’s board says Musk started go-private talks last week
“This included discussion as to how being private could better serve Tesla’s long-term interests, and also addressed the funding for this to occur,” the board members said. The board members said they had met several times last week with Musk and were evaluating the next steps. The statement came from six board members, including James Murdoch, chief executive officer of Twenty First Century Fox and Brad Buss, who served as SolarCity’s Chief Financial Officer till 2016. …read more […]
Business News
Wall St. opens lower as trade tensions escalate
U.S. stocks opened lower on Wednesday after China retaliated to Washington’s latest tariffs, clouding a strong showing for corporate earnings.
Business News
Wall Street sees funding hurdle to Musk’s plan to take Tesla private
Tesla Inc Chief Executive Officer Elon Musk’s plan to take the electric car maker private raised doubts among Wall Street analysts about the billionaire’ s ability to gather enough financial backing to complete the deal.