Tesla’s Musk mocks SEC as judge demands they justify fraud settlement
Tesla Inc’s Elon Musk on Thursday mocked the U.S. Securities and Exchange Commission, just hours after a federal judge ordered him and the regulator to justify their securities fraud settlement, which let Musk remain chief executive.
DoubleLine’s Gundlach: 30-year U.S. Treasury signals higher bond yields
Jeffrey Gundlach, chief executive of Doubleline Capital, on Thursday said the 30-year U.S. Treasury bond yield has broken above a multiyear base, which should lead to significantly higher yields for financial markets.
Tesla’s Musk, ordered to defend fraud settlement, takes aim at SEC
Tesla Inc Chief Executive Elon Musk on Thursday mocked the U.S. Securities and Exchange Commission, hours after a federal judge ordered him and the regulator to justify their settlement of securities fraud charges.
Wells Fargo planning its first post-crisis mortgage bond: Bloomberg
Wells Fargo & Co is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported on Thursday citing people familiar with the matter.
Tesla’s Musk appears to mock SEC on Twitter after settlement
Tesla Inc Chief Executive Elon Musk appeared to mock the U.S. Securities and Exchange Commission in a tweet on Thursday by calling it the “Shortseller Enrichment Commission” days after settling fraud charges it brought against him.
Tronc renames itself back to Tribune Publishing
Newspaper publisher Tronc Inc said on Thursday it will rename itself as Tribune Publishing Co, effective Oct. 9.
U.S. Treasuries sell-off has ripple effect across globe, stocks sink
A two-day unloading of U.S. Treasuries pushed their yields to multi-year peaks on Thursday as robust economic data and hawkish speeches by Federal Reserve officials stoked concerns about inflation, hitting Wall Street and stock markets globally.
Wall Street stumbles as bond yield climb continues
Wall Street stocks stumbled on Thursday as U.S. Treasury yields continued their ascent to multi-year highs on the latest round of strong economic data, building concerns for an acceleration of inflation.
Costco quarterly sales narrowly beat estimates
Warehouse club operator Costco Wholesale Corp’s quarterly sales narrowly beat estimates on Thursday, with online sales losing steam in the face of intense competition from Amazon Inc and Walmart .
Judge orders Tesla’s Musk, SEC to justify fraud settlement
A federal judge on Thursday gave Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission one week to justify their settlement to resolve securities fraud charges against the head of the electric car company.
