Musk insists Tesla does not need more capital, predicts profit soonTesla Inc will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in...
Trump zig-zags on trade jarring but could get results, experts sayPresident Donald Trump's hard line on trade with China has fueled fears of an economically-damaging trade war, while his swings from threat to praise have generated uncertainty among businesses. But t...
Wall Street eyes earnings stabilizer after FAANG stocks wobbleWall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG group of stocks back into favor and take the spotlight off worries that caused the...
Wells Fargo faces $1 billion fine from loan abusesTwo US regulators have proposed Wells Fargo & Co pay $1 billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest US bank, overshadowing its first...
Facebook CEO’s compensation jumps to $8.9 million as security costs soarFacebook Inc Chief Executive Mark Zuckerberg’s compensation rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed on Friday, largely due to higher costs related to the 33-year old bill...
GE books $4.2 billion charge, restates earnings as expectedGeneral Electric Co said on Friday it took a $4.24 billion equity charge and reduced earnings for the last two years by 30 cents a share, figures in line with expectations the company set earlier this...