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Monthly Archives: February 2019

Tesla shifts sales to online only

Qilai Shen | Bloomberg | Getty Images GP: Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Tesla is shifting its sales to online only, and giving drivers up to a …

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Tesla not profitable in Q1

Tesla boss Elon Musk (L) walks with Shanghai Mayor Ying Yong during the ground-breaking ceremony for a Tesla factory in Shanghai on January 7, 2019. – Musk presided over the ground-breaking for a Shanghai factory that will allow the electric-car manufacturer to dodge the China-US tariff crossfire and sell directly …

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Stocks could struggle for a while at the big stock market level everybody is watching

Investors everywhere are watching the 2,800 level on the S&P 500 to see if the stock rally will fizzle there, or break through, signaling the potential for new highs. Stocks have been flat so far this week, with the S&P 500 mostly trading around 2,800, a technical level it has …

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Trump GOP allies suggest Michael Cohen lied in bombshell hearing

Alex Wong | Getty Images Michael Cohen, former attorney and fixer for President Donald Trump, gets emotional listening to Rep. Elijah Cummings (D-MD) give his closing statement after Cohen testified before the House Oversight Committee on Capitol Hill February 27, 2019 in Washington, DC. Two of President Donald Trump’s biggest …

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Facebook’s Workplace reaches 2 million paid users

Screenshot Mark Zuckerberg delivers a keynote at Facebook’s Oculus Connect 5 event in San Jose, California, on September 26, 2018.  Facebook on Thursday announced that Workplace, the company’s communications tool for companies, now has more than 2 million paid users. Facebook launched Workplace in late 2016, and since then, the …

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Michael Cohen’s testimony gives both sides fodder in impeachment fight

Matt McClain | The Washington Post | Getty Images Michael Cohen, former attorney to President Donald Trump testifies before the House Oversight Committee at the Rayburn House Office Building on Wednesday February 27, 2019 in Washington, DC. Michael Cohen’s gripping congressional hearing fueled even more talk about Democrats’ potential plans …

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Trump got strong economy in 2018, but first quarter 2019 looks weak

After the fourth-quarter report Thursday, Macroeconomic Advisors economists trimmed their first-quarter growth estimate by 0.1 point to 1.1 percent, citing an unexpectedly large year-end inventory build that implies a decline in inventory investment in the first quarter. “I’m at 1.5 percent. We’ve got a slowdown in the first quarter, hopefully …

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Rep. Matt Gaetz gets ethics complaint, appologizes to Michael Cohen

Rep. Matt Gaetz says he “personally apologized” Wednesday for Twitter smearing Michael Cohen — but that didn’t stop the Florida Republican from having congressional ethics probe requested for his social media salvo against President Donald Trump’s former lawyer and fixer. Gaetz, a Trump ally and a lawyer himself, was already …

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Southwest shares gain after green light on Hawaii flights

Scott Olson | Getty Images A Southwest Airlines jet leaves Midway Airport in Chicago, Illinois. Southwest Airlines shares jumped nearly 5 percent on Thursday after the low-cost airline announced it won federal approval to start its long-planned service to Hawaii, where it’s making a big bet on growth this year. …

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HP, Box, Anheuser-Busch, Square & more

Johannes Eisele | AFP | Getty Images Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) Check out the companies making headlines midday Thursday: HP Inc. — HP stock tumbled more than 16 percent after the computer and printer …

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