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Trading Ideas

Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout

DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (TSLA.O) CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said. The 47-year-old investor and engineer stunned financial markets on Tuesday when he said on Twitter that he was considering a take-private deal for Tesla, an auto manufacturing pioneer that developed the world’s first luxury all-electric sedan car. Beyond amassing a stake of just below 5 percent …read more […]

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Rain pouring, Trump rages on Twitter and hangs with bikers

Dozens and dozens of gleaming Harleys, Hondas and other motorcycles descended on the central New Jersey property for what had been billed as an outdoor photo-op with Trump. It was a classic, chaotic Trump scene reminiscent of his ramshackle early campaign. The day began on Twitter at 8:36 a.m. with a broadside against the FBI, which Trump accused of stonewalling a public records request for former Deputy Attorney General Andrew McCabe’s text messages. …read more […]

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Business News

Iran official says gas field contract with Total, CNPC unchanged: SHANA

A gas field development contract with France’s Total , and China’s state-owned CNPC remains unchanged, a senior Iranian oil official said according to the oil ministry news agency SHANA on Saturday – hours after state new agency IRNA quoted him as saying CNPC had taken Total’s share in the project.

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Trading Ideas

How Did Suicidal Ground Worker Take Alaska Air Plane? It Was Easy. 

Step inside the cockpit of an empty commercial aircraft and the pilot controls are yours. The suicide-by-plane Friday at Seattle’s Sea-Tac International Airport, which ended when a rogue airline employee crashed a stolen 76-seat turboprop into an island, has raised fresh questions about aviation security. The first hurdle was easily jumped by the Horizon Air employee who stole and then crashed a Bombardier Q400. …read more […]

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Trading Ideas

San Francisco's housing market is so out of control, 60% of tech workers say they can't afford homes

The San Francisco Bay Area’s housing market is so bleak, even tech workers are struggling to buy a home there. A survey by Blind found that 59% of employees at Bay Area tech companies said they cannot afford homes. Cisco, eBay, and Intuit had the highest percentage of employees who said home ownership is elusive. …read more […]