Markets

admin September 30, 2018

1. Back to business: The SEC is off Elon Musk’s back. Now he and Tesla can return to that other pesky problem — making and selling cars. Tesla will turn in a critical production report on Tuesday that will show investors whether the company can sustain and surpass its long-promised target of building 5,000 Model […]

admin September 30, 2018

JCPenney’s CEO left in May. Now its second in command is out too. Penney said Thursday that Jeffrey Davis, the company’s chief financial officer, was resigning 14 months after taking the job. Jerry Murray, a top executive, will take over as the interim finance chief. Davis’ departure marked another sign of trouble at JCPenney (JCP). […]

admin September 29, 2018

Sears stock has fallen into the bargain bin. In the latest indignity for a once-grand retailer, the share price fell below $1 on Friday for the first time in the company’s history, dropping as much as 15% to 85 cents in midday trading. Falling into loose-change territory is more than embarrassing. Nasdaq, the exchange where […]

admin September 29, 2018

It was one of the most terrifying moments of the financial crisis: The Dow plunged nearly 780 points on September 29, 2008 — a 7% wipeout — after the House voted against a bailout of the nation’s biggest banks. And many investors simply never came back. The market plunge following the rejection of the bailout […]

admin September 29, 2018

Can Tesla navigate through its many controversies and still meet its sales targets? We’re about to find out. Early next week Tesla will report how many cars it made in the third quarter and how many it was actually able to deliver to customers. Three months ago, investors and Tesla fans waited to see if […]

admin September 29, 2018

Two former executives of LendingClub mishandled investors’ money and fudged the returns of funds that they oversaw, the SEC charged Friday. Ex-CEO Renaud Laplanche, former finance chief Carrie Dolan and a LendingClub subsidiary will pay a combined $4.2 million to settle the charges. The settlement also bars Laplanche from the securities industry for at least […]

admin September 28, 2018

The longest bull market in history shows no signs of letting up. The S&P 500 has soared more than 7% in the third quarter, which ends on Friday. That’s the strongest quarter for the broad index since the end of 2013. The Dow has spiked more than 2,100 points, or 9%. All three major indexes […]

admin September 28, 2018

Tesla’s stock tumbled Friday morning after the SEC sued Elon Musk for misleading investors. Musk tweeted on August 7 that he had secured funding to take Tesla private at $420 a share. Typically, stocks match takeover prices that a company publicizes. Investors assume the deal will be completed and the company will eventually be worth […]

admin September 28, 2018

Elon Musk has tweeted himself into serious trouble. The Securities and Exchange Commission sued Tesla’s CEO on Thursday for making “false and misleading” statements to investors. It’s asking a federal judge to prevent Musk from serving as an officer or a director of a public company, among other penalties. The complaint hinges on a tweet […]