No Picture
Trading Ideas

U.S., Mexico reach NAFTA deal as pressure turns to Canada

The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to the new terms on auto trade and other issues to remain part of the three-nation pact. U.S. President Donald Trump and outgoing Mexican President Enrique Pena Nieto said talks with Canada would begin immediately, though Trump threatened he could put tariffs on Canadian-made cars if a three-way deal could not be reached. “I think with Canada, frankly, the easiest we can do is to tariff their cars coming in. …read more […]

No Picture
Trading Ideas

Musk’s U-turn on Tesla deal could intensify his legal, regulatory woes

Tesla Inc Chief Executive Elon Musk’s decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even make them worse, some securities lawyers said. It was on Aug. 7 that Musk first surprised investors with his plan by tweeting that he had “funding secured” for a go-private deal, which would have had a value of $72 billion. Musk and Tesla are facing investor lawsuits and a U.S. Securities and Exchange Commission investigation into the truthfulness of the CEO’S Aug. 7 tweets, according to an Aug. …read more […]

No Picture
Trading Ideas

Business + Coffee: Musk abandons Tesla go-private plans, Buffett buys stake in Paytm, Tiger Woods defends Trump

Monday, August 27: Elon Musk announces in a blog post that he will not take Tesla private; Warren Buffett’s Berkshire Hathaway to buy stake in India’s Paytm; Tiger Woods urges support of President Donald Trump and ‘respect of the office.’ Yahoo Finance’s Julia La Roche pours over today’s Business + Coffee! …read more […]