Company

admin September 12, 2018

A prominent short seller who is suing Tesla and Elon Musk for manipulating its stock price says the company would be better off without Musk as the CEO. Andrew Left, the founder of Citron Research told CNN’s Julia Chatterley on “First Move” Tuesday morning that it might make sense for Musk to have a more […]

admin September 12, 2018

Apple is gearing up for a revamp of its iPhone lineup, but it’ll need to do a lot more to catch its rivals in some of the world’s hottest smartphone markets. The company’s signature device has failed to gain a strong foothold in countries like China and India, as well as other markets in Asia, […]

admin September 11, 2018

The great bull run for the FAANG stocks and the rest of the tech sector is showing signs that it might be coming to an end. Since Amazon (AMZN) briefly topped the trillion dollar market valuation level a week ago, shares have fallen nearly 3%. Shares of Facebook (FB) are also down about 3% in […]

admin September 11, 2018

Ryanair is banning journalists from its annual shareholder meeting next week when executives are likely to be grilled about a year that has been marred by pilot strikes and rising costs. The low-cost European airline normally admits media to the meeting, and then often holds a briefing for journalists with CEO Michael O’Leary and other […]

admin September 11, 2018

Daniel Zhang has a tough act to follow. The Alibaba CEO will inherit the role of chairman next year from Jack Ma, the flamboyant Chinese entrepreneur who built the $420 billion internet business from scratch. Replacing China’s best known tech tycoon at the top of the country’s largest company by market value will push Zhang […]

admin September 10, 2018

Red lights are flashing on Wall Street about Tesla’s ability to pay back a pile of debt. Tesla’s (TSLA) turbulent stock price — and even more volatile CEO — steal the headlines. But the real story may be the steep decline in the value of the electric car maker’s bonds. $1.8 billion of Tesla bonds […]

admin September 10, 2018

Snapchat is losing another top executive, and Wall Street is losing patience. Imran Khan, Snapchat’s chief strategy officer, announced plans to leave the company, according to a regulatory filing Monday. Khan, a former analyst with Credit Suisse and JPMorgan Chase, joined Snapchat (SNAP) in January 2015. The company said in the SEC filing that Khan […]

admin September 9, 2018

Longtime CBS chief executive Les Moonves, facing new claims of sexual misconduct, is about to step down as part of a wide-ranging corporate settlement of a separate fight for control of CBS. The CBS board of directors is likely to announce the deal by Monday morning, according to three executives with direct knowledge of the […]

admin September 9, 2018

Investors should be focusing on Tesla’s growing sales and ambitious plans to reinvent the American automotive world. They should be salivating over its exciting plans for semi trucks for big corporate fleets and its alternative energy initiatives. And they should be reassured by analysts’ predictions that Tesla will report a profit in the fourth quarter […]

admin September 9, 2018

Uber is saying no to rude passengers in Australia and New Zealand. Customers with consistently low ratings can now be removed from the app, according to community guidelines that were updated Wednesday. Riders will receive several warnings before they are blocked. “The average Aussie is extremely friendly,” Susan Anderson, Uber’s general manager for Australia and […]