Tesla‘s now former chief accounting officer Dave Morton quit the company after concluding CEO Elon Musk wasn’t interested in accounting details around a potential take-private transaction, according to a person familiar with the matter who has spoken to Morton in recent days. Morton resigned September 4, according to a company filing released on Friday. Morton
0 Comments
Piper Jaffray is optimistic over Apple’s upcoming lineup of iPhones. The firm reiterated its overweight rating for Apple shares, predicting the smartphone maker will sell more iPhones in its next fiscal year than the Street currently expects. Apple is widely-expected to announce new iPhones of varying sizes on Sept. 12. A broader spectrum of choices
0 Comments
CNBC’s Jim Cramer couldn’t resist patting himself on the back for his prediction that if Friday’s job results were strong, they would embolden President Donald Trump to intensify his administration’s trade war with China. Sure enough, the better than expected jobs report was followed by another warning from Trump to China. The president told reporters
0 Comments
If history is repeated, there could be some disappointment with the August employment report, even though hiring appears to be strong and the job market solid. Economists expect 191,000 nonfarm payrolls were added in August, following 157,000 in July, according to Thomson Reuters. The unemployment rate should dip to 3.8 percent form 3.9 percent, and
0 Comments
Ten years after a U.S. financial crisis debilitated world markets, financial services and ratings conglomerate S&P Global is putting processes in place to prevent it from happening again, President and CEO Douglas Peterson told CNBC on Friday. “One thing that’s interesting that we’ve added in from those days is ways to connect the dots,” Peterson
0 Comments
Now that the Disney (NYSE:DIS), Comcast (NASDAQ:CMCSA) and Twenty-First Century Fox (NASDAQ:FOX, NASDAQ:FOXA) drama is (mostly) over, Comcast stock has been able to enjoy some solid gains. Even though we have been buyers of Disney, that doesn’t mean we didn’t like Comcast. The cable conglomerate owns Universal Studios, NBC and other prime assets. It actually has
0 Comments
Chinese internet stocks are having a tough time and closing in the red almost daily. Since early summer, when markets realized U.S/China trade relations were worsening, leading companies in China started selling off steadily. Weibo (NASDAQ:WB), Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU) and JD.com (NASDAQ:JD) are all trading near yearly lows. While JD.com and Alibaba could quickly snap
0 Comments