No Picture
Business News

Musk’s conduct, Tesla stock slide make $700 million profit for short-sellers

NEW YORK (Reuters) – Short-sellers who had targeted Tesla Inc logged a $700 million paper profit on Thursday after the stock fell nearly 9 percent a day after Chief Executive Elon Musk stunned analysts by dodging “boring” questions about the electric car maker’s financial outlook.

…read more […]

No Picture
Business News

Wall Street dips on trade woes, weak earnings

(Reuters) – U.S. stock indexes were down on Thursday, but off their session lows on what some traders said was due to technical buying amid worries of the outcome of U.S.-China trade talks, rising interest rates and disappointing earnings reports.

…read more […]

No Picture
Business News

Wall Street drops on trade woes, weak earnings

(Reuters) – Major U.S. indexes fell more than 1 percent in a broad slump on Thursday as investors remained wary about the outcome of U.S.-China trade talks and potential for rising interest rates, while a slew of disappointing earnings reports also weighed.

…read more […]

No Picture
Business News

Rolls-Royce says working quickly to fix Trent 1000 problems

LONDON (Reuters) – Britain’s Rolls-Royce is working quickly to repair problems with some of its Trent 1000 engines that have left planes grounded, it said on Thursday, adding it remained confident the cost would not cause it to miss financial forecasts. Rolls-Royce was questioned at its annual shareholder meeting about problems with the Trent 1000 package C, the engine used to power some Boeing Dreamliner 787 planes, in what is a new headache for a company in turnar

…read more […]