Trading Ideas

No Picture
Trading Ideas

Tesla shares briefly bounce back after Musk retweets strong EV sales report

September 7, 2018 admin Comments Off on Tesla shares briefly bounce back after Musk retweets strong EV sales report

A rollercoaster ride for Tesla — first shares were up earlier in the day after CEO Elon Musk retweeted a favorable sales report by InsideEVs, which said Tesla was “1st, 2nd & 3rd in August sales” among electric car automakers.

But then shares paired gains following news that short seller Andrew Left of Citron Research filed a class action lawsuit against Tesla and Elon Musk for violating federal securities laws. …read more […]

No Picture
Trading Ideas

Finisar: Fiscal 1Q Earnings Snapshot

September 6, 2018 admin Comments Off on Finisar: Fiscal 1Q Earnings Snapshot

SUNNYVALE, Calif. (AP) _ Finisar Corp. (FNSR) on Thursday reported a fiscal first-quarter loss of $18.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Sunnyvale, California-based company said it had a loss of 16 cents. The results exceeded Wall Street expectations. …read more […]

No Picture
Trading Ideas

Novartis unloads U.S. assets at loss to bargain-hunting Aurobindo

September 6, 2018 admin Comments Off on Novartis unloads U.S. assets at loss to bargain-hunting Aurobindo

ZURICH/BENGALURU, Sept 6 (Reuters) – New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing on Thursday he is selling U.S. dermatology and generic pill assets to India’s Aurobindo Pharma Ltd for up to $1 billion. The deal, which comes after price pressure hurt the U.S. pills business, includes some 300 products. …read more […]

No Picture
Trading Ideas

U.S. charges North Korean hacker in Sony, WannaCry cyberattacks

September 6, 2018 admin Comments Off on U.S. charges North Korean hacker in Sony, WannaCry cyberattacks

U.S. Justice Department officials said on Thursday they have charged and sanctioned a North Korean man in the 2017 global WannaCry ransomware cyberattack and the 2014 cyberassault on Sony Corp. The charges, part of a strategy by the U.S. government to deter future cyberattacks by naming and shaming the alleged perpetrators, also alleged that the North Korean hacker broke into the central bank of Bangladesh in 2016, according to a criminal complaint. Park Jin Hyok worked as part of a team of hackers, also known as the Lazarus Group, to try to breach multiple other U.S. businesses, according …read more […]