Tesla puts pedal to the metal, 500,000 cars planned in 2018
(Reuters) – Tesla Motors Inc said it was stepping up production plans for its upcoming Model 3 mass-market sedan and would build a total of 500,000 all-electric vehicles in 2018, two years ahead of schedule, but warned that spending will ramp up in ta…
Whole Foods protects profits in second quarter as it cuts prices
(Reuters) – Whole Foods Market Inc on Wednesday reported better-than-expected quarterly earnings as it controlled costs while lowering prices in the face of stiff competition from a bevy of retail rivals.
Druckenmiller says U.S. stock bull market ‘exhausting itself’
NEW YORK (Reuters) – Stanley Druckenmiller, chief executive of Duquesne Family Office LLC, said on Wednesday he is bearish on the U.S. stock market, given the negative impact of the U.S. Federal Reserve and China’s monetary policies on global growth.
Cable, ‘Deadpool’ help Fox earnings meet forecasts
(Reuters) – Twenty-First Century Fox Inc reported quarterly earnings in line with Wall Street expectations as the company’s cable channels brought in higher affiliate fees and ad revenue while its movie studio turned out blockbuster film “Deadpool.”
Wells Fargo problem loans jump 62 percent, driven by energy
(Reuters) – Wells Fargo & Co racked up a 62 percent increase in potentially problematic loans, mainly to oil and gas companies, according to its first-quarter regulatory financial filing released on Wednesday.
Bombardier not studying bigger version of CSeries jet: sources
MONTREAL/PARIS (Reuters) – Canada’s Bombardier is not looking at building a bigger version of its CSeries jetliner, three people close to the company said on Wednesday.
Wall St. falls as data adds to growth worries; biotechs down
NEW YORK (Reuters) – U.S. stocks declined for a second day on Wednesday, weighed down by tepid data on private sector U.S. jobs and a retreat in biotech shares.
Gundlach warns on ‘safe’ stocks, Trump presidency
NEW YORK (Reuters) – DoubleLine Capital LP Chief Executive Jeffrey Gundlach on Wednesday warned that increasing investor demand for ostensibly safe low-volatility stocks and utility stocks is a major risk facing markets.
U.S., Takata confirm recall of 35 million-40 million Takata air bag inflators
(Reuters) – The U.S. Transportation Department and Takata Corp confirmed on Wednesday that automakers will recall another 35 million to 40 million U.S. air bag inflators assembled by the Japanese manufacturer by 2019.
Two Tesla executives leaving ahead of Model 3 ramp-up
SAN FRANCISCO (Reuters) – Two top manufacturing executives are leaving Tesla Motors Inc as the Silicon Valley electric-car maker prepares to launch its first mass-market car, the Model 3, and sharply ramp up production.
