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Former UN Secretary-General Kofi Annan dies at age 80

Kofi Annan, one of the world’s most celebrated diplomats and a charismatic symbol of the United Nations who rose through its ranks to become the first black African secretary-general, has died. Annan spent virtually his entire career as an administrator in the United Nations. During his tenure, Annan presided over some of the worst failures and scandals at the world body, one of its most turbulent periods since its founding in 1945. …read more […]

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Tesla’s Board Said to Be on Lookout for Senior Talent, Not COO

Tesla Inc.’s board of directors is on the lookout for senior talent — though it’s not actively searching for a chief operating officer, a person familiar with the board’s thinking said late Friday. Questions have arisen about Chief Executive Officer Elon Musk’s well being, judgment and ability to juggle multiple companies in the wake of his Aug. 7 tweet that he was “considering taking the company private at $420 a share. In an interview with the New York Times, a tearful Musk admitted to being sleep deprived and under enormous stress, adding that that no one had seen …read more […]

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Tesla short sellers raked in $1 billion after Elon Musk revealed his personal struggles in an eye-opening interview (TSLA)

Tesla short sellers received a sizable payday hours after The New York Times published an eye-opening interview with an emotional Elon Musk, the electric-car company’s chief executive. Investors betting against Tesla raked in about $1 billion on Friday, according to data from the analytics firm S3 Partners. The Times’ interview with Musk came out late Thursday night. …read more […]

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Market report: Fresh sanctions threat from US knocks recovery of Turkish lira

Rattled markets ended a rollercoaster week on the back foot after the Turkish lira’s recovery suffered a setback with tensions mounting with the US. US treasury secretary Steven Mnuchin warned the country will turn up the heat on under-fire president Recep Tayyip Erdogan by imposing more crippling sanctions if Turkey refuses to free American pastor Andrew Brunson. The row is likely to escalate in the coming days after a court in the Turkish city of Izmir decided to reject an appeal for release by Mr Brunson. The lira started trading brightly, rallying for a fourth consecutive day, before it slipped …read more […]

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Why Analysts Are Wrong About Ford Stock

Currently, it appears that one of the worst calls I’ve made here at InvestorPlace was telling you to buy Ford (NYSE:F). If you feel badly about it, I feel worse, because I did indeed buy Ford stock. Ford made a profit of $1.06 billion on those sales, enough to pay the 15-cent-per-share dividend with room to spare. …read more […]

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5 Top Stock Trades for Monday — Where to Buy Nvidia, Nordstrom

After a big rally on Thursday, stocks again added to their gains on Friday on optimism over global trade resolutions between the U.S. and China by year’s end. Even before that news came out though, there were plenty of big movers. Here are our top stock trades for Monday.Top Stock Trades for Monday #1: Tesla …read more […]