Business & Finance News
The S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the strength in the U.S. economy.
Federal prosecutors drafted a criminal complaint against a former Goldman Sachs banker early this year for his alleged role in a Malaysian fraud, but the charges were never filed because of a Justice Department turf battle, the New York Times reported on Tuesday.
The following blog post was published on Tuesday by Tesla Inc Chief Executive Elon Musk following his earlier comments on Twitter about taking the company private. The link to the full blog is: https://www.tesla.com/blog/taking-tesla-private?redirect=no
Some nimble traders in Tesla Inc’s options made massive paper profits on Tuesday, while short-sellers were hit with nearly $1 billion in paper losses after Tesla chief Elon Musk tweeted he was considering taking the company private.
Tesla Inc Chief Executive Officer Elon Musk said on Tuesday in a letter to employees that he is considering taking the electric car maker private at a price of $420 per share.
The S&P 500 inched toward a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the strength in the U.S. economy.
Chief Executive Elon Musk said on Twitter he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints.
Tesla Inc’s options activity surged on Tuesday after Chief Executive Elon Musk tweeted he was considering taking the company private and some quickly executed trades netted massive paper profits as shares in the electric car maker rallied as much as 9 percent.
Shares of Tesla Inc were halted for news pending on Tuesday after Chief Executive Elon Musk earlier tweeted he was considering taking the company private at $420 a share.
A day before Facebook announced that it had discovered and disabled a propaganda campaign designed to sow dissension among U.S. voters, it exclusively shared some of the suspicious pages with an online forensics team so busy it hasn’t put a nameplate on the door.
U.S. traffic safety regulator is investigating complaints of fire during crashes in some Ford Motor Co F-150 Supercrew pickup trucks linked to a seat belt component.
Chief Executive Elon Musk said on Twitter he is considering taking Tesla Inc private at $420 per share as the electric car maker faces the challenges of fast growth and financial constraints, sending its shares up more than 6 percent.
Twenty-First Century Fox Inc on Tuesday posted an offer document and form of acceptance for its 14 pounds a share offer to buy UK’s Sky on Tuesday.
Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has bought a minority stake in Tesla at just below 5 percent, a source familiar with the matter said on Tuesday.
The S&P 500 index hovered near record levels on Tuesday, lifted by gains in bank and technology shares, with a strong second-quarter earnings season fueling optimism about the strength in the U.S. economy.
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