Tesla sinks after Musk opens up about going private tweet in NYT interview
Tesla Inc’s shares slumped as much as 9 percent on Friday after Chief Executive Elon Musk told the New York Times that his tweet last week about taking the company private was not reviewed by anybody.
U.S. value stocks capitalize on ‘FANG’ stumbles, with room to run
The summer roller-coaster in two of the four big-cap ‘FANG’ names – Facebook Inc, Amazon.com Inc, Netflix Inc and Google-parent Alphabet Inc – has led to a shift, albeit slight, into value stocks.
Oil rises but set for weekly loss on concerns over trade row
Crude prices edged higher on Friday, but retreated from session highs and were headed for another weekly decline on worries that oversupply would weigh on the U.S. market while trade disputes and slowing global economic growth would slow demand for oil…
Trump asks SEC to consider switch to half-year corporate filings
U.S. President Donald Trump on Friday said meetings with corporate executives had prompted him to ask the U.S. Securities and Exchange Commission (SEC) to study letting public companies file financial reports every six months instead of every quarter.
Brazil’s Marfrig to sell U.S. unit to Tyson for $2.5 billion, sources say
Brazilian meatpacker Marfrig Global Foods SA has agreed to sell its U.S. subsidiary, a key McDonald’s supplier, to Tyson Foods Inc for $2.5 billion, two people with knowledge of the matter told Reuters on Friday.
Nasdaq drops as chipmakers lead a slide in tech stocks
The Nasdaq fell on Friday as weak forecasts from chipmakers Nvidia and Applied Materials pushed technology stocks lower, while gains in the defensive telecoms and consumer staples companies helped buttress the S&P 500 and the Dow Industrials.
Stocks flat as Turkey worries offset U.S.-China trade talks
NEW YORK – Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would relieve concerns over trade tariffs.
Tesla shares sink after analysts warn on Model 3 margins, Musk interview
Tesla Inc’s shares slumped 8 percent on Friday after Chief Executive Elon Musk told the New York Times his tweet about taking the company private was not reviewed by anybody, and a brokerage raised doubts about the profitability of the electric carmak…
Malaysian financier wanted in 1MDB probe says he will not surrender
A Malaysian financier wanted for his role in the multi-billion-dollar scandal at state fund 1MDB has said he does not expect to get a fair hearing anywhere and will not present himself to any country where his guilt has been predetermined.
Brazil mall executives shrug off looming Amazon.com expansion
Fears of e-commerce taking off in Brazil have sunk shares of the country’s big mall operators this year, but industry executives expressed confidence that local shopping habits, the reputation of malls as public spaces safe from crime and other factors…
