Tesla Inc Chief Executive Elon Musk said on Monday a July 31 meeting with Saudi Arabia’s sovereign wealth fund convinced him he could secure funding to take the electric car-maker private, but that he was still talking to the fund and other investors as he seeks to nail down financing.
For starters, the law may stand in the way of at least one of the CEO’s promises. …read more […]
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday. …read more […]
MADISON, Wis. (AP) — President Donald Trump’s call for a boycott of Harley-Davidson motorcycles forced Gov. Scott Walker and other Republicans to either criticize the president or stick with the Milwaukee-based company just ahead of Tuesday’s primary where Trump allegiance has been a central focus. …read more […]
Its $2.5 billion-a-year denim business will become a separate publicly traded company. …read more […]
User spending has tripled over the last six months. …read more […]
U.S. stock indexes fell on Monday as a plummeting Turkish lira weighed on shares of big U.S. lenders, but losses on the Nasdaq were limited by high-flying companies such as Apple and Amazon that hit record highs.
Citigroup Inc said on Monday that Jud Linville, the head of global cards and consumer services, is leaving the company as part of a reorganization of executives in its global consumer banking businesses.
Turkey’s economic crisis poses a threat to European banks with business in the country.
It’s an earnings warning — but it’s already too late to react. …read more […]
Tesla Inc Chief Executive Elon Musk said on Monday he was in discussions with Saudi Arabia’s sovereign wealth fund and other potential backers of his plan to take the electric car-maker private, but said financing was not yet nailed down.
The regional telco’s stock is at its highest levels since last summer, and improving cost controls make the current 10.1% yield surprisingly sustainable in the near term. …read more […]
The S&P 500 index treaded water on Monday as high-flying companies such as Apple and Amazon hit record highs, offsetting declines in shares of U.S. lenders due to a plunge in Turkish lira.
NEW YORK – Turkey’s worsening currency crisis sent world equities lower and emerging market currencies under selling pressure on Monday, while gains in large U.S. technology companies kept benchmark indexes slightly higher.
Elon Musk has said he expects Saudi Arabia’s sovereign wealth fund to provide the cash for his Tesla buyout plan, throwing into question his claims last week that funding for the deal was “secured” in a move likely to prompt scrutiny from US regulators. The billionaire chief executive said he had been approached by the Saudi fund “multiple times about taking Tesla private”, stretching back to the beginning of 2017 when it had first expressed interest “because of the important need to diversify away from oil”. He said, following the Saudi fund’s decision to buy almost 5pc of Tesla …read more […]
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