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Monthly Archives: August 2018

Tesla’s shorts are facing an uphill battle with Elon Musk

Short-sellers might be rigorous in their methods, but Tesla CEO Elon Musk hasn’t made it easy to short the stock of his automaker, CNBC’s Jim Cramer said Wednesday. “There are four fundamental problems that make shorting stocks especially dangerous, problems that are bedeviling these professional pessimists as they confront perhaps …

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Twitter’s Jack Dorsey to Sean Hannity on ‘shadow banning’

Michael Nagle | Bloomberg | Getty Images Jack Dorsey, co-founder and chief executive officer of Twitter Inc., speaks during an interview in New York, U.S., on Monday, May 1, 2017.  Twitter CEO Jack Dorsey called into conservative commentator Sean Hannity’s radio show Wednesday to address recent calls of censorship and …

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Twenty-First Century Fox beats on earnings and revenue

David Paul Morris | Bloomberg | Getty Images Rupert Murdoch, co-chairman and founder of Twenty-First Century Fox Twenty-First Century Fox reported fiscal fourth-quarter earnings that beat analysts’ expectations on Wednesday. Here’s how the company did compared with Thomson Reuters consensus estimates: Earnings: 57 cents per share vs. 54 cents per …

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Tronc stock spikes on report its considering a buyout bid from PE firm

Drew Angerer | Getty Images News | Getty Images A copy of Tuesday’s New York Daily News sits on the shelf of a newsstand, September 5, 2017 in New York City. Tronc, the publisher of the Chicago Tribune and, formerly, The Los Angeles Times, announced on Monday that it had …

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Elon Musk has stock market fatigue, but investors have been good for Tesla

But Tesla has been selling shares throughout the last six years, including a $193 million sale in 2012, a $313 million offering in 2013 (when Musk invested $100 million), a $652 million sale in 2015, (when Musk invested $20 million), a $2.29 billion offering in 2016, and a $402 million …

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U.S. doctor’s group opposes merger of CVS and Aetna

Michael Nagle | Bloomberg | Getty Images Pedestrians walk past Aetna headquarters in Hartford, Connecticut. The American Medical Association, which represents U.S. physicians, urged the U.S. Justice Department on Wednesday to stop CVS Health’s plan to buy insurance provider Aetna, saying the deal could result in higher prices for prescription …

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Russia and China are not our friends

Sergei Karpukhin | Reuters Russian President Vladimir Putin (R) shakes hands with his Chinese counterpart Xi Jinping during a signing ceremony following the talks at the Kremlin in Moscow, Russia July 4, 2017. HUNTSVILLE, Ala. — America’s top nuclear commander warned Tuesday that Russia and China are not “our friends” …

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Rand Paul delivers Trump letter to Putin administration in Moscow

Leonhard Foeger | Reuters President Donald Trump and Russian President Vladimir Putin shake hands as they hold a joint news conference after their meeting in Helsinki, Finland, July 16, 2018. President Donald Trump sent a letter to Russian President Vladimir Putin recently, emphasizing “the importance of further engagement in various …

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Amazon launch Whole Foods store pickups

Smith Collection/Gado | Archive Photos | Getty Images Reusable shopping bag with logo at Whole Foods Market grocery store in Dublin, California.  Amazon Prime members can now order groceries from Whole Foods and pick them up from a store within an hour, the e-commerce giant announced Wednesday. Subscribers to Amazon’s …

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