Business News
Elon Musk considers taking Tesla private
Elon Musk is considering taking Tesla Inc private, he tweeted on Tuesday.
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Business News
Saudi sovereign fund builds 3 to 5 percent stake in Tesla: FT
Saudi Arabia’s sovereign wealth fund, overseen by Crown Prince Mohammed bin Salman, has built a significant stake in Tesla Inc, the Financial Times reported on Tuesday, citing people with direct knowledge of the matter.
Business News
BMW recalls 324,000 cars in Europe after Korean engine fires: FAZ
German luxury carmaker BMW is recalling about 324,000 diesel vehicles in Europe to fix a technical fault that has caused engine fires in South Korea, German newspaper Frankfurter Allgemeine Zeitung (FAZ) said.
Business News
U.S. job openings hover at record highs in June
U.S. job openings held near record highs in June amid a modest decline in hiring, pointing to further tightening labor market conditions, which economists hope will soon spur faster wage growth.
Business News
S&P closes in on record as tech stocks climb
The benchmark S&P 500 was within striking distance of a record high on Tuesday, powered by gains in technology stocks, with a strong second-quarter earnings season fueling optimism about the strength in the U.S. economy.
Trading Ideas
Why Mallinckrodt PLC Stock Is Surging 23% Today
Better-than-expected Q2 results provide a nice catalyst for the specialty drugmaker. …read more […]
Business News
China’s HNA to sell over $2 billion Avolon stake to Orix: sources
China’s HNA Group Co Ltd is in advanced talks to sell a 30 percent stake in aircraft lessor Avolon Holdings Ltd to Japan’s Orix Corp , two sources said, as the company attempts to restructure and trim stakes even in its core assets.
Business News
Stocks near six-month peak on China boost; S&P nears record, oil up
Equity markets around the world climbed to approach a six-month high on Tuesday, buoyed by a rebound in Chinese stocks, while corporate earnings helped push Wall Street’s benchmark S&P 500 index towards record levels.
Business News
UniCredit has stopped using Facebook for advertising: CEO
Italy’s UniCredit has stopped using Facebook for advertising and marketing campaigns and will not do so again until the U.S. giant improves its ethical standards, the bank’s CEO said on Tuesday.
Trading Ideas
Icahn warns Cigna investors on Express Scripts deal
Carl Icahn is urging Cigna shareholders to reject the health insurer’s attempted multi-billion dollar takeover of Express Scripts, saying it’s paying too much for a company with a shaky future. The billionaire and activist investor warned that Express Scripts, a pharmacy benefit manager, could face substantial regulatory risks and intense competition from Amazon. Cigna said in March that it would pay $52 billion for Express Scripts, a deal on which shareholders will vote Aug. 24. …read more […]
Business News
S&P nears record on technology boost
The benchmark S&P 500 was within striking distance of a record high on Tuesday, powered by gains in technology stocks, and a strong second-quarter earnings season fueled optimism about the strength in the U.S. economy.
Trading Ideas
Alibaba Is Nearing the Buy Zone After the Recent 10% Pullback
Shares of Alibaba (NYSE:BABA) have certainly not participated in the recent rally. After closing near the $200 level on July 25, reaching $197.98, BABA stock has fallen nearly 10% to $178.62 while the overall markets have headed higher in that time frame. Look for Alibaba to find support and begin to bounce near current levels. …read more […]
Trading Ideas
US Sanctions on Iran Could Brace Defense Stocks: 4 Top Picks
With U.S. sanctions on Iran going into effect, defense stocks could move higher as there are possibilities of military actions in the near future. …read more […]
Business News
Wall Street opens higher, S&P near record high
U.S. stocks opened higher on Tuesday, with the S&P 500 within striking distance of a record high, lifted by gains in technology stocks.
Trading Ideas
John Bolton on Iran sanctions: Economic consequences already being felt
National Security Advisor John Bolton on Iran sanctions, oil prices and North Korea. …read more […]