A Morgan Stanley analyst once dubbed Tesla’s ” cheerleader,” drastically lowered his worst-case scenario for the stock to just $10 from $97. Share fell 3% early Tuesday. “The reduction in our bear case to $10 is driven primarily by our concerns around Chin…
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2 dead in second floatplane crash in Alaska one week after 6 were killed in a midair crash
A pilot and a passenger are dead after a Taquan Air Beaver floatplane crashed in southeast Alaska near Ketchikan on Monday afternoon, according to a press release from Ketchikan Gateway Borough. There were no others on board the plane. The circumstances th…
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10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, GOOGL, TSLA, F)
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, GOOGL, TSLA, F)
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Fed Chairman Jerome Powell warns business borrowing at ‘historic highs’ shouldn’t be ignored
There’s only a “moderate” risk that surging volumes of business debt will spill over into the broader economy and potentially spark another financial crisis, Federal Reserve Chairman Jerome Powell said on Monday. Business debt is “near record levels” and r…
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With Tesla bleeding money, Elon Musk initiates hardcore spending review
Tesla co-founder and CEO Elon Musk announced a “hardcore” and meticulous review of the company’s expenses aimed at keeping operating costs in check. The cost-cutting campaign comes after the California-based electric car manufacturer reported a $700 million l…
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