Scooter company Bird enters Latin America with launch in Mexico City
California startup Bird said on Friday it has launched its electric scooters in Mexico City, expanding its effort to shake up urban transportation globally.
Oil prices mark weekly gain ahead of Iran sanctions
Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both Brent and U.S. crude marked weekly gains ahead of U.S. sanctions on Iranian oil exports.
‘Despondent’ Musk’s Tesla resembles Lehman, Greenlight’s Einhorn says
Hedge fund manager David Einhorn lambasted Tesla Inc and its “despondent” Chief Executive Elon Musk on Friday, comparing the electric car company to Lehman Brothers Holdings Inc, where he had flagged accounting problems several months before its 2008 …
Global stocks slip globally amid U.S. jobs data, Treasury yields rise
Stock markets dipped around the world on Friday after U.S. jobs numbers signaled a continued tightening of the labor market and increased inflation pressures, while Treasury yields rose to multi-year highs.
Greenlight comment adds to Tesla losses from Musk mocking SEC
Shares of Tesla Inc fell 7 percent on Friday, as David Einhorn’s hedge fund Greenlight Capital slammed the electric carmaker the day after Tesla CEO Elon Musk mocked the U.S. Securities and Exchange Commission on Twitter.
Wall Street slides as bond yields climb on jobs data
U.S. stocks tumbled on Friday, weighed down by rising Treasury yields after data showed job growth slowed in September, while wage increases were not enough to fan worries over rising inflation or faster interest rates hikes.
Buybacks to top use of S&P 500 companies’ cash in 2019: Goldman Sachs
S&P 500 companies will increase cash spending by 13 percent to $3 trillion in 2019, with buybacks again expected to represent their largest use of cash, according to Goldman Sachs.
Fidelity’s asset management chief Morrison to retire
Fidelity Investments said on Friday that its asset management chief, Charles Morrison, is leaving the company and that it plans to name a replacement in “the near term.”
Tesla shares fall after Musk mocks SEC, Greenlight’s comment
Shares of Tesla Inc fell 7 percent on Friday after Chief Executive Elon Musk mocked the U.S. Securities and Exchange Commission on Twitter and David Einhorn’s Greenlight Capital slammed the electric carmaker in its quarterly letter.
Saudi crown prince pledges Aramco IPO by early 2021: Bloomberg
Saudi Arabia’s crown prince insisted the stalled plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering by 2021 and sticking to his ambitious view the state-run company is worth $2 trillion or more, Bloomberg report…
