No Picture
Trading Ideas

Tesla executive exits, CEO smokes pot on webcast, shares reel

Shares of the electric carmaker tumbled as much as 10 percent on Friday, with investors on edge after a tumultuous August during which Musk proposed and then abruptly pulled the plug on a go-private deal. Chief Accounting Officer Dave Morton resigned because of discomfort with the attention on the company and pace of work during that time, Tesla said in a filing on Friday. Morton, whose departure comes after the U.S. Securities and Exchange Commission opened an inquiry into Musk’s aborted plan, joins a list of executives who have left Tesla recently. …read more […]

No Picture
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 […]

No Picture
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 […]