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Tesla shares crossed a key milestone, potentially saving the company a lot of money

David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors, speaks during an event at the company’s headquarters in Palo Alto, California. Tesla’s shares hit a key milestone on Thursday that considerably eases pressure on the company. Shares closed around $363 on Thursday, higher than the conversion price of $359.88 per share ... Read More »

Discovery looks to create a ‘golf Netflix’ with coaching videos from Tiger Woods as the centerpiece

Watch CNBC’s full interview with Tiger Woods   9:53 AM ET Wed, 28 Nov 2018 | 16:36 Will people pay to have Tiger Woods as a golf coach? Discovery, which just struck a multiyear global content collaboration deal with the 14-time major championship winner, is betting the answer to that question is yes. GolfTV, a new digital streaming service jointly created ... Read More »

Einhorn on Tesla: ‘Like Lehman, we think the deception is about to catch up’

Hedge fund manager David Einhorn is blasting Tesla again. The investor compared the electric car maker to his most famous and prescient bearish call on Lehman Brothers. “Like Lehman, we think the deception is about to catch up to TSLA,” Einhorn said in an investor letter Friday. “Lehman threatened short sellers, refused to raise capital (it even bought back stock), and management ... Read More »

Australia warned China against ‘intimidation’ in the South China Sea after a tense standoff with a US destroyer

Australia is warning Beijing not to use “intimidation or ­aggressive tactics” after a Chinese destroyer challenged a US Navy warship during a tense standoff in the South China Sea. The Chinese ship faced off with the US Navy’s Arleigh Burke-class destroyer USS Decatur on Sunday during a close encounter near Gaven Reef in the disputed Spratly Islands. US officials described the showdown as “unsafe,” claiming that the ... Read More »

Stock market update: Check out the stocks that fell in a positive market

UltraTech Cement, GAIL (India), NTPC, Kotak Mahindra Bank and Hindustan Unilever were among the top losers in the Nifty index NEW DELHI: Shares of Balkrishna IndustriesNSE -6.99 %(down 5.87 per cent), ITI (down 3.99 per cent) and Borosil GlassNSE -4.29 % (down 3.69 per cent) were trading with losses in Monday’s positive market. Stocks such as Kirloskar OilNSE -3.86 % (down 3.34 per cent), Ashoka ... Read More »

Partisanship’s a Helluva Drug — And It’s Reshaping the Economy

Spencer Platt/Getty Images Since his inauguration, President Donald Trump has tweeted about the economy, stock market, unemployment and/or consumer confidence at least 172 times. Read those messages, and you’ll find one consistent theme: The notion that Americans’ sky-high confidence in the economy is evidence of Trump’s popularity and success. “Our Economy is doing better than ever,” he said in a fairly representative tweet ... Read More »

The Myths About China’s Economic Slowdown

An employee counts 100-yuan notes at a bank in Nantong in China’s eastern Jiangsu province on July 23, 2018. China’s real GDP growth peaked in 2007 at 14.2%, and has been trending downward since. By 2017, it dropped to 6.8%. That much is clear and unmistakable. The problem is how to interpret the slowdown, especially in light of some recent ... Read More »

Deteriorating finances batter the SA economy

nternational rating agency Fitch in June also revised its South Africa outlook from the 2.3 percent it forecast previously to 1.7 percent. Photo: Reuters JOHANNESBURG – South Africa’s battling economy pushed further to the edge yesterday as Moody’s flagged that the country deteriorating public finances and weak domestic spending constrained retail sales. Moody’s said the pace of the country’s fiscal consolidation would ... Read More »

Shall I buy the HDFC AMC stock or mutual fund?

HDFC AMC shares listed on Monday and ended the day with gains of 65%. Photo: HT The HDFC Asset Management Co. Ltd stock closed 65% up on the first day of listing over its IPO price of ₹1,100 per share. Investors who sold on day one, saw ₹1 lakh investment turn to about ₹1.65 lakh over a 10-day period. HDFC AMC’s business ... Read More »

Market Live: Sensex starts the week on a positive note, Nifty above 11K; UPL rises 3%

South Indian Bank falls: Shares of South Indian Bank plunged 18 percent on Monday morning as investors turned wary of a fall in its net profit. The stock touched an intraday high of Rs 20.60 and an intraday low of Rs 18.45. The Kerala-based South Indian Bank declared a net profit of Rs 23.04 crores for the first quarter of the financial year ... Read More »