Tesla shares reel as executives quit and CEO smokes pot on webcast
Tesla Inc Chief Executive Elon Musk was filmed smoking marijuana and wielding a sword on a webcast, just hours before the automaker said its recently-appointed accounting chief would leave, the latest in a string of unusual behavior and executive depar…
Reports that Musk security clearance under review are inaccurate: U.S. Air Force
(This version of the Sep. 7 story corrects to Fox Business Network, from Fox Business News, in paragraph 4)
Alibaba co-founder Jack Ma to retire: New York Times
Alibaba Group Holding Ltd’s co-founder and executive chairman Jack Ma will retire from the e-commerce company on Monday, as the former English teacher seeks to focus on philanthropy in education, the New York Times reported.
Apple says U.S. tariffs on China would hit ‘wide range’ of products
A “wide range” of Apple Inc products including the Apple Watch would be affected by proposed U.S. tariffs on Chinese goods, the company told U.S. trade officials, but gave no sign of an impact on its iPhone cash cow.
Reports of Air Force reviewing Musk’s security clearance inaccurate: U.S. Air Force
Media reports that the U.S. Air Force is reviewing the security clearance of Elon Musk, the chief executive of automaker Tesla Inc are inaccurate, a U.S. Air Force spokesperson said on Friday.
Wall Street drops on tariff worries, with Apple in crosshairs
Wall Street’s major indexes fell on Friday as U.S. President Donald Trump raised the possibility of additional tariffs on Chinese imports and Apple Inc indicated that some of its products could be subjected to such levies.
Apple says proposed U.S. tariffs may hit Watch, does not name iPhone
A “wide range” of Apple Inc products including its Watch likely would be hit by proposed U.S. tariffs, the company told U.S. trade officials, but it did not name the iPhone as among the products affected.
Fed’s Kaplan sees 2019 as decision time on rate hike path
The Federal Reserve should keep raising U.S. interest rates until mid-2019, and only then needs to take a decision on when it ought to stop, Dallas Fed President Robert Kaplan suggested on Friday.
World stock markets fall on trade fears and rate hike worries
World share indexes registered their biggest weekly declines in almost six months in a volatile session on Friday as investors weighed solid U.S. economic data against expectations for higher interest rates and U.S. trade tensions on multiple fronts.
Kraft Heinz sees rising costs, still weighing M&A deal: CEO
Kraft Heinz Co is feeling the pinch from trade conflicts and rising costs, but is still willing to consider an acquisition to fuel growth, its chief executive officer said on Friday.
