Tesla rally pushes funds, ETFs into big bets on shares
NEW YORK (Reuters) – Tesla Inc’s more than 66 percent rally for the year is prompting some funds to make an outsized bet on the electric car maker.
Funds target ‘unknown’ stocks as Wall Street cuts analyst jobs
NEW YORK (Reuters) – With a nearly 30-percent gain in 2017, shares of industrial products maker Handy & Harman Ltd are outpacing hot stocks like Google-parent Alphabet Inc and Visa Inc. Yet few on Wall Street have ever heard of the $412-million market-cap company, in large part because no sell-side research analysts publish any estimates of its earnings.
Tyson posts better-than-expected profit, bets on chicken
(Reuters) – Tyson Foods Inc reported stronger-than-expected quarterly results on Monday, sending its shares up 5 percent, and said it would ramp up chicken production in the face of record demand from U.S. consumers.
Netflix buys comics publisher Millarworld to feed films and TV
(Reuters) – Netflix Inc on Monday said it has bought comics publisher Millarworld, bringing on board renowned comic book writer Mark Millar and a host of character franchises it can mine for TV shows and movies.
Wall Street ends higher as Dow edges to latest record
NEW YORK (Reuters) – The Dow edged up to its ninth record closing high in a row while the S&P ended slightly higher on Monday, with consumer and technology sector gains offsetting losses in energy.
Marriott set to woo Chinese tourists with Alibaba deal
(Reuters) – Marriott International Inc said on Monday it would partner with China’s Alibaba Group Holding Ltd to tap into the growing number of Chinese citizens who travel abroad.
Renault forms new joint venture company in Iran
PARIS (Reuters) – French carmaker Renault said on Monday it had signed a new joint venture deal in Iran following an initial partnership agreement struck last year, which Renault said would boost its growth in the country.
Tesla seeks $1.5 billion junk bond issue to fund Model 3 production
DETROIT (Reuters) – Tesla Inc said on Monday it would raise about $1.5 billion through its first-ever offering of junk bonds as the U.S. luxury electric car maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan.
Samsung scion Lee fights back tears as prosecutors seek 12 years’ jail
SEOUL (Reuters) – Samsung Electronics Vice Chairman Jay Y. Lee fought back tears and denied wrongdoing on Monday as prosecutors sought a 12-year jail term on charges that include bribing the former president to help cement control of the South Korean t…
Higher-cost crude could squeeze margins at U.S. refiners
HOUSTON (Reuters) – U.S. refiners could face a continued squeeze on profit margins in the months ahead as dwindling supplies of heavy crude from Venezuela and elsewhere are leading several to switch to higher-priced but easier-to-refine light, sweet cr…
