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Trading Ideas

Tesla CEO Musk taunts short sellers amid legal scrutiny

Tesla founder and CEO Elon Musk used Twitter late Friday to taunt investors who have bet against his company, even though his previous Twitter comments have spurred a government investigation and shareholder lawsuits. The tweets are aimed at “shorts,” or investors who borrowed shares of Tesla and immediately sold them with the hope that Tesla’s share price would fall. The Twitter comments could potentially affect Musk’s legal situation. …read more […]

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Business News

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

Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc 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.

…read more […]

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Analysis: One year on, Trump still fuels racial divide

One year after blaming “both sides” for violent clashes between white supremacists and counterprotesters, President Donald Trump still flirts with racially tinged rhetoric — and feels little blowback from Republican leaders or GOP voters when he does. Black leaders and Democrats argue Trump’s tone and actions on race have gotten even worse in the months since the clashes in Charlottesville, Virginia. Democrats are pinning their hopes of flipping control of Congress on mobilizing liberals and minorities, particularly black voters. …read more […]

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Trading Ideas

Climate Change Boosts Lennox International

This year is on track to be the fourth warmest on record, and the effects are being felt across the globe from Northern Europe to the Pacific Northwest. People are dying of heat exhaustion in Japan, and nuclear reactors are being shut down in France, Germany and Switzerland due to the extreme temperatures.

But where there is excessive heat, there is demand for air conditioning.

For our purposes today, let’s focus on the U.S. In July alone, according to Brandon Miller, meteorologist for CNN International, we broke 41 heat records across the United States and are well on our way to breaking …read more […]

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'Suicidal' airline mechanic steals plane at Seattle-Tacoma Airport and crashes near Puget Sound

A “suicidal” airplane mechanic took off in a plane without permission at Seattle-Tacoma (Sea-Tac) Airport in Seattle, Washington, and later crashed in Puget Sound, the airport confirmed Friday night. The mechanic was killed. There were no other passengers on board. …read more […]