Tesla drops for sixth straight session, down 20% since share offer
Shares of Tesla fell for a sixth straight session on Wednesday after Citi cut its price target on the struggling electric car maker, leaving buyers of its recent share offer, including Chief Executive Elon Musk, $167 million in the hole.
Source: Reuters Business News
Fed's patience on interest rates to last 'for some time'
U.S. Federal Reserve officials at their last meeting agreed that their current patient approach to setting monetary policy could remain in place “for some time,” a further sign policymakers see little need to change rates in either direction.
Source: Reuters Business News
Fed's Kaplan says U.S. is 'flirting' with yield curve inversion
U.S. bond markets are “flirting” with a yield curve inversion that could signal slower economic growth ahead, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.
Source: Reuters Business News
U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say
The U.S. Justice Department’s antitrust division staff has recommended the agency block T-Mobile US Inc’s $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter.
Source: Reuters Business News
U.S. judge appoints Ken Feinberg mediator in mandated Bayer Roundup settlement talks
A U.S. judge has appointed prominent attorney Kenneth Feinberg as mediator for court-mandated settlement talks in the federal litigation over allegations that Bayer AG’s glyphosate-based Roundup weed killer caused cancer.
Source: Reuters Business News
Airbus CEO hints at more powerful A321 jet
Airbus Chief Executive Guillaume Faury hinted on Tuesday at the launch of a more powerful new A321 jet, saying the planemaker’s current A321LR was the world’s longest-range single-aisle jet “for the moment.”
Source: Reuters Business News
Fed officials see past misses as trouble for any new inflation approach
The Federal Reserve is discussing whether a better way to get the U.S. economy to hit the central bank’s inflation target is to tolerate much higher price increases in some years to counter the weaker ones.
Source: Reuters Business News
Former Tesla bull makes $10 worst case call on China worries
One of Tesla’s former biggest supporters on Wall Street said on Tuesday the electric carmaker’s shares could fall to $10 from nearly $200 now, if tensions with China escalate and sap demand for its cars.
Source: Reuters Business News
Huawei puts Honor above Android at new smartphone launch
Huawei put uncertainty over the future of its devices business to one side on Tuesday with the launch of new Honor smartphones, in a confident display of the Chinese firm’s technology.
Source: Reuters Business News
Oil steady as U.S.-Iran tensions support prices, trade war weighs
Oil futures were flat on Tuesday as the prospect of U.S.-Iran tensions disrupting supply was offset by concerns that a drawn-out trade war between Washington and Beijing would weigh on crude demand.
Source: Reuters Business News