Tesla board plans to tell Elon Musk to recuse himself, prepares to review take-private plan
The Tesla board of directors plans to meet with financial advisors next week to formalize a process to explore Elon Musk’s take-private proposal, according to people familiar with the matter. Musk announced via Twitter this week that he hopes to...
Private equity giant KKR sees ‘significant’ opportunity for ‘outsized’ returns in China amid trade war
Executives at private equity giant KKR recently visited China and came away believing that a powerful investing opportunity awaits, due in significant part to the ongoing trade war. China already has been trying to adapt from an export-based economy to...
Growth stocks rebound after big sell-off, could signal more gains for broader market
Growth stocks have rebounded nicely after a steep three-day decline relative to value shares and this could lead to more gains in the broader stock market, according to data from Bespoke Investment Group. The S&P 500 Growth index is up...
Insurers get a lift as investors cheer Puerto Rico bond settlement
Puerto Rico has come to terms with bondholders on how to divide sales-tax revenue among them, marking the largest debt settlement to date as the island works its way through bankruptcy. Shares of insurers that have exposure to the island’s...
These companies might close, lay off US workers because of Trump’s trade war
The ongoing trade war President Donald Trump has waged against world powers, including some of our closest allies, doesn’t show signs of slowing down. Left in the fray: Companies, American workers and consumers. The list of companies affected, either by...
Here’s why millions of millennials are not interested in being homeowners
Homeownership eludes millions of millennials. A new report by the Urban Institute, a policy research group, tries to explain why. There is a whole host of reasons, including personal preferences and economic disadvantages, that explain why the homeownership rate for...
Top technical analyst says it could be ‘game-over’ for bitcoin
A difficult week for bitcoin investors may get much worse, according to Renaissance Macro Research. The firm’s head of technical research, Jeff deGraaf, said he would recommend betting against bitcoin if the cryptocurrency broke through its key year-to-date support level....
Your first trade for Thursday, August 9
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Celgene Tim Seymour was a buyer of Alibaba Karen Finerman was a buyer of Foot Locker Guy Adami was a buyer of...
July producer prices were flat, signaling tame inflation
U.S. producer prices were unchanged in July for the first time in seven months as a modest increase in the cost of goods was offset by a drop in services, but underlying producer inflation continued to push higher. The Labor...
Jobless claims fell, despite ongoing trade tensions
The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market weather ongoing trade tensions between the United States and a host of other countries. Initial claims for state...
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