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Monthly Archives: January 2019

Tesla has $920 million in debt that’s coming due, could affect cash

Tesla has a billion dollar debt coming due, and it could wipe out nearly a third of the company’s cash if the stock price doesn’t improve. About $920 million in convertible senior notes expires on March 1 at a conversion price of $359.87 per share. But Tesla’s stock hasn’t traded …

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The market is recovering because earnings are not so bad

Spencer Platt | Getty Images News | Getty Images A trader on the floor of the New York Stock Exchange the morning after the Dow Jones Industrial Average dropped over 1,000 points on Feb. 9, 2018.   Barring a major decline on Friday, the S&P 500 will record its fourth consecutive …

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Netflix, Boeing, Tesla, Eli Lilly & more

Drew Angerer | Getty Images News | Getty Images A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the opening bell, January 4, 2019 in New York City. Following a strong December jobs report, the Dow Jones Industrial Average rose 350 points at the …

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China offers 6-year import boost to US in trade talks

China has offered a six-year boost in imports during its ongoing talks with the U.S., officials familiar with the matter told CNBC. Chinese officials made the offer during negotiations in Beijing earlier in January, Bloomberg News reported. China would increase its annual import of U.S. goods by a combined value …

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Trump cancels US delegation’s trip to Davos over government shutdown

Chris Kleponis | Getty Images President Donald Trump speaks to the media before departing the White House for Camp David on January 6, 2019 in Washington, DC. (Photo by Chris Kleponis – Pool/Getty Images) President Donald Trump has canceled his delegation’s trip to the World Economic Forum, citing the partial …

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NBA steps up its global plans to take basketball to new markets

Simon Cooper – PA Images | PA Images | Getty Images Washington Wizard’s Thomas Bryant (second right) shoots only to be Goaltending fouled for the winning points during the NBA London Game 2019 at the O2 Arena, London. Washington edged the game on Thursday night by a single point, with …

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JP Morgan CEO Jamie Dimon gets raise to $31 million

Janvhi Bhojwani | CNBC Jamie Dimon, CEO of JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit in Washington, D.C. on Dec. 6th, 2018.  J.P. Morgan Chase Chairman and CEO Jamie Dimon got a 5 percent bump — $2 million — in his pay last year following record annual …

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Without Trump, Brazil’s Bolsonaro is set to take center stage at Davos

Evaristo Sa | AFP | Getty Images Brazilian President Jair Bolsonaro delivers a speech during the appointment ceremony of the new heads of public banks, at Planalto Palace in Brasilia on January 7, 2019. Brazil’s newly-elected populist President Jair Bolsonaro will take center stage at the World Economic Forum (WEF) …

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Wall Street bullish on Tesla as job cuts signal ‘productivity gains’

Mason Trinca | The Washington Post | Getty Images A Tesla Model 3 is seen in the general assembly line at the Tesla factory in Fremont, California, on Thursday, July 26, 2018. Job cuts at Tesla is not quite the bad news investors are interpreting it to be, several Wall …

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Tesla to cut its workforce by around 7 percent: Elon Musk

Troy Harvey | Bloomberg | Getty Images Billionaire Elon Musk, chief executive officer of Tesla, left, speaks as Jeffrey Straubel, chief technical officer and co-founder of Tesla, listens. Tesla is cutting its full-time staff headcount by approximately 7 percent, as it looks to ramp up production of its Model 3 …

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