Finance

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 people familiar with the matter. Morton resigned Sept. 4, according to a company filing released on Friday. Morton said in the filing “the level of public attention
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Tesla shares are extremely overvalued and will drop precipitously, Robert Chapman said Friday. Chapman downplayed concerns over CEO Elon Musk‘s erratic behavior, instead focusing on the carmaker’s financials for his bearish view. “I actually don’t think you should short it on [Musk’s] judgment. I think he is a fascinating businessman, probably the most incredible entrepreneur
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Constellation Brands David Seaburg was a buyer of Pfizer Dan Nathan was a seller of Taiwan Semiconductor Guy Adami was a buyer of CBS Corp Trader disclosure: On September 6, 2018 the following stocks and commodities mentioned
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Kai Pfaffenbach | Reuters A booth of Micron Technology at an industrial fair in Frankfurt, Germany. The dip in Micron’s stock is a great buying opportunity, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for Micron shares, predicting strong financial results for the memory chipmaker. Micron shares declined 9.9 percent
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Check out the companies making headlines before the bell: Campbell Soup – Campbell Soup is under increased pressure from investor Daniel Loeb’s Third Point, with the Wall Street Journal reporting that Third Point plans to launch a proxy fight to replace the food company’s entire board. Twitter – Twitter has permanently banned Alex Jones and
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The Menlo Park, California-based start-up is known for its zero-fee trading platform that rolled out about three years ago. Robinhood, which is mostly used by millennials age 18-35, also offers ETFs, options and, as of February, cryptocurrency trading. In May, it surpassed its rival E-Trade Financial and has a total of 5 million brokerage accounts.
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Bryan van der Beek | Bloomberg | Getty Images Jamie Forese, President of Citigroup Inc. and head of the institutional clients group, speaks at the Milken Institute Asia Summit in Singapore, on Friday, Sept. 19, 2014. Chief executive officers, senior government officials and leading figures in the global capital markets convened at the global conference’s
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A hot topic in policy debates worldwide, gentrification is defined as the process of rebuilding homes and businesses accompanied by an influx of middle-class or affluent people at the expense of earlier, often poorer residents. One big issue is the lack of consistent data to determine the effects of the trend — positive or negative.
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Barclays lowered its rating on Verizon’s stock on Tuesday to overweight from equal weight, bringing its rating in line with other telecommunications companies in what Barclays sees as a shrinking industry. “While we like [Verizon’s] near-mid term prospects, we believe valuation will cap upside potential from present levels and therefore downgrade it,” Barclays analyst Kannan
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On Aug. 17, Beijing’s Chaoyang District, which includes the central business area, issued a ban on shopping areas, hotels and office buildings hosting promotional events for cryptocurrencies. Chinese news site National Business Daily reported last week that a special economic development zone in the southern city of Guangzhou announced a similar ban. The Chinese government
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