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Tesla falls below $300 as attention centers on its cash crunch and quest for profitability (TSLA)

Tesla briefly fell below $300 on Thursday, it’s fourth day of declines since announcing it will remain a publicly traded company. Wall Street is now once again focused on the electric-car maker’s balance sheet and its struggle to reach profitability. Tesla declined for a fourth straight trading day on Wednesday, falling as much as 2%, to $297.80 a share, as Wall Street’s focus returns to the company’s balance sheet following CEO Elon Musk’s 16-day go-private saga that left the electric-car maker facing numerous lawsuits and a US Securities and Exchange investigation. …read more […]

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13 brilliant quotes from Warren Buffett, the greatest investor of all time

Warren Buffett is one of the most successful investors in history. “The Oracle of Omaha” has an estimated net worth of nearly $77 billion, making him the fourth-richest person in the world. From drinking Coke for breakfast to carrying around an old-school flip phone, Buffett has always done things his way. …read more […]

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Warren Buffett turns 88 — here's how rich you'd be if you had bet $1,000 on him back in the day

Warren Buffett’s birthday is on August 30, and the legendary investor turns 88 this year. Over the last half-century, Buffett has turned Berkshire Hathaway from a failing textile company into a massive conglomerate. A $1,000 investment in Berkshire in 1964, when Buffett first bought the company, would be worth nearly $17 million today. …read more […]

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The Latest: Trump signals he has chosen McGahn’s replacement

President Donald Trump is signaling that he knows who will succeed White House counsel Don McGahn, saying he’s “very excited” about the individual. Trump did not announce a successor in his tweet Thursday but said: “I am very excited about the person who will be taking the place of Don McGahn as White House Councel! I liked Don, but he was NOT responsible for me not firing Bob Mueller or Jeff Sessions. …read more […]

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Trump clarifies remarks about violence if Dems win midterms

President Donald Trump urged evangelical leaders this week to get out the vote ahead of the upcoming midterm elections and warned of “violence” by opponents if they fail. Trump made the dire warning at a White House dinner Monday evening attended by dozens of conservative Christian pastors, ministers and supporters of his administration. Trump was stressing the stakes in November when he warned that, if Democrats win, they “will overturn everything that we’ve done and they’ll do it quickly and violently,” according to attendees and audio of his closed-door remarks obtained by media outlets, including The New York …read more […]

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Stock market's advance grinds to a halt on China concerns

Stock market gains came to a grinding halt on Thursday, held back by concern that China will be left behind as the United States reaches trade agreements with other North American countries and Europe. Stock markets and major government bond yields rose in recent weeks on hopes that a global trade war could be averted, particularly with the leaders of the United States and Canada optimistic they could reach new North American Trade Agreement by Friday. “In all honestly, the NAFTA situation probably reflects a desire to get the agreement over the line before elections in Mexico and …read more […]

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John McCain’s mother, now 106, a maverick in her own way

John McCain’s rebellious streak didn’t come out of nowhere. When told during a trip to Europe that she was too old to rent a car, she went out and bought a Peugeot. Now 106, the wife of a Navy admiral and mother of a Navy captain lived a life full of travel and adventure, punctuated by her sass and determination. …read more […]

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Scaffolding collapse sends 2 plunging to deaths near Disney

Officials say they don’t know what caused scaffolding to collapse, sending two construction workers falling to their deaths early Wednesday as they were pouring concrete on the seventh floor of a 16-story hotel under construction near Disney World. The accident happened just outside Disney property, Orange County Fire Rescue spokesman Mike Jachles said. “They were on the scaffolding, and for reasons unknown at this time, that support structure gave way, sending two workers plummeting to the ground below. …read more […]