Finance
Finance
Short sellers pocket $510 million off Elon Musk’s pot-smoking interview
Short sellers betting against Tesla made more than half a billion off the stock’s slide on Friday. After a bizarre video showing CEO...
Tesla’s accountant quit after concluding Musk was ignoring go-private advice
Tesla’s now former chief accounting officer, Dave Morton, quit the company after concluding CEO Elon Musk wasn’t interested in accounting details around a...
College 529 savings plans could be used for student debt in new GOP tax bill
The first round of tax cuts that went into effect this year allowed people to dig into their 529 plans before college to...
Powell sees ‘further, gradual’ rate hikes as the economy hums
Federal Reserve Chairman Jerome Powell said Friday he expects a slow but steady diet of interest rate increases to continue as the central...
United Continental moves to Nasdaq
United Continental is moving its stock to the Nasdaq. The airline company said in a press release after the bell Friday that it...
AMD shares rise again as Wall Street projects big gains for the chipmaker against Intel
AMD shares are soaring after several analysts became more optimistic about the chipmaker’s market share gains over the past month. Cowen said AMD...
Elon Musk hiring Morgan Stanley probably closes the book on ‘funding secured’
Tesla CEO Elon Musk’s hiring of Morgan Stanley this week is just a small step in his ongoing quest to take Tesla private....
Trump is the unsung hero of the world economy
Washington’s huge fiscal and monetary stimuli will give the world economy an estimated $600 billion shot in the arm this year. That amount...
Twitter CEO Dorsey says platform is ‘ready to question everything’ amid banning controversies
Twitter CEO Jack Dorsey believes he has not been transparent enough about his goals for the company, even as it reviews its policies...
Three options strategies for the week: August 20
The “Options Action” traders share three options trading strategies to kick off the week. Dan Nathan recommends a call spread in Alibaba. Mike...
JP Morgan is back to predicting a Tesla stock plunge because funding was ‘not secured’
Tesla shares will fall dramatically the rest of this year because CEO Elon Musk’s plan to go private is becoming more tenuous, J.P....
Tesla pares losses in volatile trading after falling below $300
Tesla’s stock price fell below $300 per share at one point on Monday as investors in the electric car maker continued to doubt...
There are big doubts about how Musk will pull off the Tesla buyout, but Morgan Stanley may have found a way
Morgan Stanley is telling its clients there might a way to get funding for Elon Musk’s plan to take Tesla private. “A Tesla...
Campbell Soup downgraded at JP Morgan: ‘We see a sale as an unlikely outcome’
J.P. Morgan Chase downgraded Campbell Soup shares to underweight Friday, arguing that the food company will be hard-pressed to attract a buyer should...
Goldman Sachs downgrades Intel shares to sell due to its chip ‘manufacturing issues’
Intel’s chip manufacturing technology issues are a big problem, according to Goldman Sachs. The firm lowered its rating to sell from neutral for...
