Tesla shares plunge as Wall Street throws in towel, saying Musk departure could cost stock $130
Wall Street is buzzing over SEC’s civil action against Tesla CEO Elon Musk, predicting significant negative ramifications for the electric car market due to the action. Shares of the automaker fell 13.9 percent on Friday, their worst day since November...
Stocks making the biggest move premarket: BB, LOW, MTN, TSLA, BA & more
Check out the companies making headlines before the bell: BlackBerry — The communications software maker reported adjusted quarterly profit of 4 cents per share, compared to a consensus estimate of a penny a share, with revenue also beating forecasts. Lowe’s...
Goldman, JPMorgan, and four others must face a stock lending antitrust case
A U.S. judge on Thursday ordered Goldman Sachs, JPMorgan Chase, and four other large banks to face an antitrust lawsuit by investors who said they conspired to stifle competition in the nearly $2 trillion stock lending market. U.S. District Judge...
Citi downgrades embattled Tesla to sell, says the stock is too risky to buy even after big pullback
Citigroup downgraded Tesla’s stock to a sell rating from neutral Friday, a day after the Securities and Exchange Commission filed a fraud lawsuit against CEO Elon Musk. The brokerage detailed two paths forward for the electric car maker, one with...
Short seller Andrew Left surprised by market reaction to Musk charge: ‘They think a halo existed’
Citron Research’s Andrew Left, who has shorted Tesla shares, told CNBC on Thursday he is surprised that shareholders of the company reacted so strongly to the SEC’s fraud charge against CEO Elon Musk. Shares of the electric car company fell...
After-hours buzz: TSLA, PRGS & more
Check out the companies making headlines after the bell: Tesla shares fell nearly 12 percent in after-hours trading following news that the Securities and Exchange Commission has sued CEO Elon Musk for fraud. The suit is related to Musk’s August...
Beaten-down cryptocurrency ether is about to ‘rally strongly,’ says Wall Street’s Tom Lee
Ether has had a tough year. But it’s not too late for a comeback, according to bitcoin bull Tom Lee. The world’s second-largest digital asset is down more than 70 percent since January and can’t seem to find its footing...
Pending home sales fall in August to the slowest pace since the start of the year
With both home prices and mortgage rates continuing to rise, fewer consumers signed contracts to buy existing homes in August. So-called pending home sales fell 1.8 percent for the month, according to the National Association of Realtors’ seasonally adjusted index....
Analyst downgrades AMD shares, saying its soaring stock now ‘reflects irrational expectations’
Investors are getting too optimistic over AMD’s prospects, according to Northland Capital Markets. The firm lowered its rating for AMD shares to market perform from outperform, predicting Intel will eventually improve its chip offering. “When we originally picked up AMD...
New orders for key US-made capital goods unexpectedly dropped in August
New orders for key U.S.-made capital goods fell in August after four straight months of strong gains, while shipments barely rose, but that will probably not change expectations of solid growth in business spending on equipment in the third quarter....
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