Tesla’s difficult path to profit in six charts
Tesla Inc’s shares sky-rocketed on Thursday after the electric car maker surprised investors with a rare quarterly profit, and delivered a record number of cars while keeping a lid on costs.
Massachusetts beats Exxon bid to delay impending climate change case
A Massachusetts judge on Thursday gave the state’s attorney general the greenlight to sue Exxon Mobil Corp “ASAP” over allegations it concealed from investors and consumers its knowledge of the role fossil fuels play in climate change.
CVS pulls out some J&J baby powder from stores
Pharmacy retailer CVS Health Corp said on Thursday it is pulling out 22 ounce bottles of Johnson & Johnson’s baby powder from its stores and online as a precautionary measure.
American, Southwest overcome 737 MAX travails with quarterly profit growth
American Airlines Group Inc and Southwest Airlines Co posted quarterly profit increases on Thursday thanks to strong U.S. travel demand even as the two carriers pointed to a rising cost impact from the continued grounding of the Boeing 737 MAX.
Sterling pares losses after PM calls for election; S&P 500 up
The pound pared losses against the dollar on Thursday in the wake of British Prime Minister Boris Johnson’s call for a Dec. 12 election to break the country’s deadlock over its exit from the European Union, while global stock markets edged up.
Democratic senator asks whether Trump interfered with court case on Turkey’s Halkbank
A top Democratic senator on Thursday questioned whether President Donald Trump interfered with a criminal investigation of Turkey’s Halkbank, which has been accused of conspiring to evade U.S. sanctions against Iran.
Micron launches new hard drives to challenge Intel in data centers
Idaho-based memory chipmaker Micron Technology on Thursday challenged rival Intel Corp with a new line of hard drives aimed at data centers, just as the two companies are on the cusp of formally ending a joint venture of more than a decade that develop…
Gucci, Moncler post solid growth despite Hong Kong turmoil
Kering’s Gucci brand and Italian jacket maker Moncler joined other luxury labels on Thursday in easing fears of a major third quarter sales hit from protests in Hong Kong, as they benefited from brisk business across the rest of Asia.
Ex-Deutsche Bank traders avoid prison time for Libor scheme
Two former Deutsche Bank AG traders will serve no prison time for conspiring to manipulate the Libor benchmark interest rate between 2005 and 2011, a federal judge ruled on Thursday, sharply criticizing U.S. prosecutors for treating the two men as “pr…
Watch Fox News? You likely think the U.S. economy is great. MSNBC viewers not so much
The performance of the U.S. economy has been a solid clue to the outcome of past presidential elections.
