U.S. economy seen strong in 2018, to slow in 2019: CBO
U.S. economic growth will probably accelerate this year before slowing in 2019 to well below the Trump administration’s 3 percent target as a fiscal stimulus fades, congressional researchers projected on Monday.
U.S. economy seen strong in 2018, to slow in 2019: CBO
U.S. economic growth will probably accelerate this year before slowing in 2019 to well below the Trump administration’s 3 percent target as a fiscal stimulus fades, congressional researchers projected on Monday.
Musk talking to Saudi fund, others as he seeks Tesla buyout financing
Elon Musk on Monday explained what he meant by tweeting “funding secured” to take Tesla Inc private: he is confident a deal can be done but has not yet finalized a plan.
Tesla short sellers trim exposure but stay the course
Short sellers betting against Tesla Inc trimmed their exposure to the electric car maker’s stock on Monday after Chief Executive Elon Musk gave new information about his proposal to take the company private.
S&P 500, Dow slip as Turkey’s currency woes spread
The S&P 500 and the Dow industrials fell on Monday as a global contagion of market jitters arising from the plunge of Turkey’s currency spread to Wall Street, while the Nasdaq edged higher on gains from tech stocks.
VF to spin off Lee and Wrangler jeans into public company
VF Corp , one of the world’s biggest apparel makers, will spin off Lee and Wrangler jeans into a separate public company, it said on Monday, allowing it to focus on its more profitable Vans sneakers and The North Face outerwear businesses.
Wall St. slips as Turkey’s currency worries hurt bank stocks
U.S. stock indexes fell on Monday as a plummeting Turkish lira weighed on shares of big U.S. lenders, but losses on the Nasdaq were limited by high-flying companies such as Apple and Amazon that hit record highs.
Citigroup says global card chief Linville leaving in shakeup
Citigroup Inc said on Monday that Jud Linville, the head of global cards and consumer services, is leaving the company as part of a reorganization of executives in its global consumer banking businesses.
Factbox: European banks’ exposure to Turkey
Turkey’s economic crisis poses a threat to European banks with business in the country.
Musk says talking to Saudi fund, others on Tesla buyout
Tesla Inc Chief Executive Elon Musk said on Monday he was in discussions with Saudi Arabia’s sovereign wealth fund and other potential backers of his plan to take the electric car-maker private, but said financing was not yet nailed down.
