Tesla rally leaves short sellers down $3 billion since 2018
Tesla Inc’s short sellers have suffered $3 billion in losses since the end of 2018, including a $500 million hit on Friday after the electric carmaker’s quarterly deliveries beat investors’ expectations and drove its stock to a record high.
U.S. factory sector in deepest slump in more than 10 years
The U.S. manufacturing sector fell into its deepest slump in more than a decade in December as the U.S.-China trade war kept a lid on factory output, orders and employment, although the long-awaited Phase 1 deal between Washington and Beijing could lim…
Discounts fuel U.S. pick-up truck sales in a slowing market
U.S. automakers on Friday reported another year of stable sales of pick-up trucks, as discounts during the crucial holiday season and lower interest rates on vehicle loans attracted buyers while demand for passenger cars retreated further.
From low-profile private lounge, Ghosn’s last exit from Japan
A quiet lounge in a corner of Japan’s third-largest airport was likely the last stop for Carlos Ghosn before he fled the country, transforming the former Nissan chairman into one of the world’s most famous fugitives.
Fed’s Barkin says it’s time to let rate cuts work through economy
Richmond Federal Reserve bank president Thomas Barkin said on Friday it would take a “substantial” change in the economic outlook for him to support a rate change.
Novartis, Merck and Allergan join those raising U.S. drug prices for 2020
Novartis AG, Merck & Co Inc and Allergan Plc were among companies that raised U.S. prices on more than 100 prescription medicines on Friday, bringing the tally to 445 drugs that will cost more in 2020, according to data analyzed by healthcare research firm 3 Axis Advisors.
Wall Street slips on Middle East tensions, weak manufacturing data
Wall Street fell from a record high on Friday after a U.S. air strike in Iraq ratcheted up tensions in the Middle East, while a bigger-than-expected contraction in the U.S. manufacturing sector again fanned fears of slowing economic growth.
Oil prices jump after U.S. air strike kills top Iranian commander
Oil prices jumped to the highest level in more than three months on Friday after the United States killed a top Iranian military commander in Iraq, sparking fears that escalating conflict in the region could disrupt global oil supplies.
Richmond Fed’s Barkin: U.S. recession unlikely absent outside shock
The U.S. economy is “healthy” and likely to continue growing, though elevated tensions between the United States and Iran are a reminder that outside shocks could still derail the country’s more than decade-long recovery, Richmond Federal Reserve presi…
Musk defies skeptics, meets Tesla delivery goal; shares hit record
Tesla Inc beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target, sending shares to a record high in a vindication for Chief Executive Elon Musk after a few turbulent years.
