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Tesla’s stock keeps rising as Elon Musk tweets

FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. Tesla continues to struggle with controversy. Over the weekend, actress Mary McCormack shared a video of her husband’s Tesla car on …

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Square customers can now trade cryptocurrency in New York

Payment company Square got the green light from regulators Monday allowing New Yorkers to trade cryptocurrency on the rapidly growing Cash app. While Square launched crypto trading through its payments app in late January, that feature had been unavailable in New York. “That was one of the missing pieces in …

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United Arab Emirates gives Ethiopia $1 billion lifeline to ease foreign exchange crisis

Minasse Wondimu Hailu/Anadolu Agency | Anadolu Agency | Getty Images Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan (L) meets Ethiopian Prime Minister Abiy Ahmed (R) at National Palace in Addis Ababa, Ethiopia on June 15, 2018. The United Arab Emirates (UAE) is to deposit $1 billion in …

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Comcast and Disney should split Fox but probably won’t

Getty Images Robert Iger, chairman and chief executive officer of Walt Disney Co. and Brian Roberts, Comcast chairman and CEO. The irony of the Comcast-Disney battle to buy the majority of 21st Century Fox is that CEOs Brian Roberts and Bob Iger could both walk away happy. All they’d have …

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Chinese stocks tumble amid trade fight, ETF falls for seven straight days

VCG | VCG | Getty Images An investor obverses the screen at an exchange hall on the first day of Shenzhen-Hong Kong Stock Connect on December 5, 2016 in Nanjing, Jiangsu Province of China. The iShares China Large-Cap ETF (FXI) fell more than 1.5 percent in midday Friday trading, tracking …

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Twitter price target raised to $52 by UBS, citing World Cup; shares rise

Donat Sorokin | TASS | Getty Images Girls take a selfie by the Russia 2018 sign of the 2018 FIFA World Cup in Yekaterinburg, Russia. Twitter shares could add to strong gains this year as the World Cup spurs engagement and continued strength in ad sales give the social media …

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China will immediately implement tariffs on the same scale as the US

Carlos Barria | Reuters President Donald Trump and China’s President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. China’s Commerce Ministry said Friday that it will respond immediately on the same scale …

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The Fed steps toward an early exit from its balance sheet reduction

Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, walks through the Rayburn House Office building before a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, Feb. 27, 2018. In a move that it had telegraphed ahead of time, the Fed’s …

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Citigroup downgrades Kohl’s, saying it has run too far, too fast

Daniel Acker | Bloomberg | Getty Images Customers pull a dinnerware set from a shopping cart outside of a Kohl’s store in Peru, Illinois. Kohl’s stock has gotten ahead of itself, and it’s time to “step aside,” according to Citigroup, which downgraded the company to neutral from buy on lingering …

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Markets increase bets for fourth rate hike this year after Fed statement

Aaron P. Bernstein | Reuters Jerome Powell looks on after a swearing-in ceremony February 5, 2018 at the Federal Reserve in Washington, DC. Markets increased their expectations for a fourth interest rate hike this year after the Federal Reserve released its statement and economic projections on Wednesday. Fed funds futures …

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