The European Union (EU) could slash funding for governments that fail to uphold democracy after it announced plans Wednesday to link its budget with the political health of member states. The EU said that it wants to link future budgets to whether or not member states have an effective judicial system in place, such as […]
Read moreOne of the world’s largest phone brands is preparing for one of the largest IPOs in years — but it may find it very difficult to sell its products in the U.S. You might not have heard of the Chinese company Xiaomi, which filed for an initial public offering in Hong Kong on Thursday, but […]
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Every CEO would love to go off on analysts like Tesla co-founder and CEO Elon Musk did during his unusual post-earnings call, CNBC’s Jim Cramer said on Thursday. Musk cut off questioners on a Wednesday afternoon call, and at one point dismissed one question from a key analyst as “boring.” The “Mad Money” host said […]
Read moreSpotify is on pace for its worst day since going public last month — dropping more than 10 percent the day after its first earnings report. Shares opened at $154.12 after closing Wednesday at $170. The music streaming service reported better-than-expected earnings but seemed to lose investors on lighter guidance. Spotify went public last month […]
Read moreShort-seller Chris Brown is not a believer in Energous’ technology. Energous “is a worthless equity,” he said at the “Kase Learning: The Art, Pain and Opportunity of Short Selling” conference in New York. “Energous is a fraud, one which is burning a lot of cash and will run out of money … We expect the […]
Read moreGetaway, a three-year-old start-up that offers custom-built tiny homes nestled in the heart of nature, is betting on its 140- to 200-sq.-ft. cabins to help combat the relentless pull of technology. The company is harnessing the power of design — everything from the cabins’ large windows to the Eastern White Pine used in construction — […]
Read moreChinese investors are “busy asset-stripping” Zimbabwe’s resources, the country’s main opposition leader said in a speech this week, according to reports. “I have seen the deals that (Zimbabwean President Emmerson Mnangagwa) has entered into with China and others, they are busy asset-stripping the resources of the country,” Nelson Chamisa said at a May Day rally […]
Read moreTesla opened 7 percent down Thursday, a day after an earnings beat and bizarre call with analysts. Shares started trading at $278.79 after closing Wednesday just above $301. The company posted a narrower-than-expected loss and continued to burn through cash — but investors seem to weather all of that just fine. The stock ticked up […]
Read moreShares of Tesla fell on Thursday after CEO Elon Musk delivered a bizarre earnings conference call. Musk dismissed a question from Toni Sacconaghi, an analyst at Bernstein, about gross margins, calling it “boring.” The stock’s decline and Musk’s comments took place after the company reported a narrower-than-expected loss for the previous quarter. Here’s a wrap […]
Read moreShares of Caterpillar fell Thursday morning after Bank of America Merrill Lynch downgraded the company’s stock to neutral from overweight, arguing that sales growth is slowing after a strong 2017. “Caterpillar’s monthly retail sales growth is beginning to slow, and appears to be past its peak,” analyst Ross Gilardi wrote Thursday. “Caterpillar saw across-the-board deceleration […]
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