Tesla rally fueled by fear of missing out, not short squeeze – investors
A nearly 14% gain in Tesla Inc’s stock on Tuesday was likely sparked by investors looking to hop aboard its remarkable rally, rather than a reversal of bearish bets, an analysis of positioning dynamics showed.
Musk’s Tesla stake worth $30 billion after electrifying stock surge
Tesla is making Elon Musk a lot richer without paying him a dime.
Boeing will not cancel CEO incentive award tied to 737 MAX return
Boeing Co told U.S. lawmakers it will not cancel an incentive award for its new chief executive tied to the return of its grounded 737 MAX despite criticism from Congress, according to a letter made public on Tuesday.
U.S. Federal Reserve bars former Goldman Sachs executive for role in 1MDB scandal
The U.S. Federal Reserve said on Tuesday that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role in Malaysia’s multi-billion-dollar 1MDB corruption scandal.
Chipotle’s earnings beat estimates on higher prices, digital boost
Chipotle Mexican Grill Inc raised menu prices and consumers bit, helping the fast-casual burrito chain beat analysts’ estimates for quarterly sales and profit on Tuesday.
NYSE owner Intercontinental Exchange explores taking over eBay: sources
Intercontinental Exchange Inc (ICE), the owner of the New York Stock Exchange, has reached out to eBay Inc to explore a potential combination with the e-commerce company, people familiar with the matter said on Tuesday.
Nike warns of financial impact from coronavirus outbreak
Nike Inc said on Tuesday the coronavirus outbreak in China would have a financial impact on its operations in the country, its biggest growth market, sending the footwear maker’s shares down 3%.
Ford shares slide after weaker-than-expected 2020 forecast
Ford Motor Co shares nosedived on Tuesday after it handed investors a weaker-than-expected 2020 forecast, warning that quality problems, lower profits at its credit arm and continued investments in unprofitable self-driving cars would weigh down profit…
Stocks surge, safe-havens fall as confidence grows in China’s virus efforts
The dollar strengthened and global equity markets surged on Tuesday, with Wall Street’s Nasdaq index hitting a record high, as investors took heart from China’s efforts to minimize the economic impact from the coronavirus epidemic.
Disney’s streaming leap hooks 28.6 million subscribers, earnings beat forecasts
Walt Disney Co’s new streaming service Disney+ reached 28.6 million paying subscribers this week, the company said on Tuesday as it reported quarterly earnings that beat Wall Street forecasts.
