Tesla is not considering raising more equity at this point, CEO Elon Musk said Wednesday “We are not at this point considering an equity raise, we are thinking about debt,” Musk said on the company’s second-quarter earnings call. “But we are not thinking about an equity raise.” Some analysts have expected Tesla to return to
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The Wall Street Journal first reported news of the agreement Tuesday. “We very much look forward to responding to the growing interest in cryptocurrencies through the creation of bitcoin futures traded on a regulated derivatives exchange,” CBOE Holdings Chairman and CEO Ed Tilly said in a release. CBOE Holdings’ other subsidiaries include the Bats exchanges.
The dollar dropped 0.77 percent against the euro on Wednesday, hitting its lowest level against the common currency in more than 2 1/2 years. The euro traded at $1.1852 against the greenback as of 4:10 p.m. in New York. The euro also broke above $1.19 for the first time since Jan. 6, 2015. The dollar
The U.S. economy will be strong enough for the Federal Reserve to trim its bond holdings “this fall,” San Francisco Fed President John Williams said on Wednesday, in a sign the central bank was close to unwinding a controversial stimulus tool. After pushing rates nearly to zero to fight the 2007-2009 financial crisis and recession,
Democrats are calling for harsh new punishments on companies that outsource jobs and a crackdown on currency manipulation, embracing a more populist economic agenda as they seek to win back control of Congress in next year’s midterm elections. Senate Minority Leader Chuck Schumer of New York announced the plan Wednesday morning with fellow party Rust
Americans’ financial confidence may beon an upswing, but young women have a gloomier outlook. Millennial women still trail their male peers when it comes to financial satisfaction, according to a new report from online loan marketplace LendingTree. Other elements point to why: The survey found women earn less, carry almost 30 percent more in outstanding
“I think first, of course, the car makers have broken European law, and this has been found by several inquiry committees. But at the same time supervisory authorities were complacent and the responsible ministers were complacent and therefore the guilty is very much upon both, and this is in the end a question of democracy,”
Dealing with crippling student debt is not on anyone’s post-grad wish list— yet it’s a reality many people face. Student debt has skyrocketed more than 256 percent from 2004 to 2015, according to a recent analysis from ValuePenguin. Outstanding college-loan balances at the end of the first quarter of 2017 totaled $1.34 trillion, according to
A new digital currency called “bitcoin cash” (BCC), created by the splitting of the bitcoin blockchain, is rapidly rising in price despite lacking crucial support from parts of the cryptocurrency community. “There’s no infrastructure available out of the box, to support BCC,” warned Fran Strajnar, co-founder and CEO of data and research company Brave New
If consumers are holding out for the next iPhone, they’ve still been spending plenty of money at Apple Stores in the meantime. Shares were set to open at a record high Wednesday, with a market capitalization of over $830 billion, after the iPhone maker reported better-than-expected earnings. The stock climbed more than 6 percent in
Without initiative or proper guidance, many of us never learn about fundamental retirement-planning steps until we’ve already made a mistake. Here’s a list of the top seven mistakes that hurt your chances to achieve financial security in retirement. 1. Assuming we should plan to retire Rocking chairs, sunsets, golf and a sailboat. If you watch
Ever fancied yourself as a bit of a hero? How about the protector of mankind? Well now NASA is looking for just that – and it’ll pay a six-figure salary for the honor. The U.S. space agency is currently in search not of life on other planets but of a “Planetary Protection Officer”, who can
“The good news in emerging markets like in Africa or Central Europe or even in Russia is that we can go directly to e.g. mobile banking which is exactly what we do and we are offering to our clients directly the digital offering,” he added. The lender’s growing reliance on its retail operations in overseas
With the Dow Jones average inching towards 22,000, even Jim Cramer found cause to wonder whether the stock market’s continuous rally is truly sustainable. “We always need to ask ourselves if we’ve gotten too complacent. That’s just a necessity. You do that as part of being a disciplined investor,” the “Mad Money” host said. And
The three-day sell-off that started last Thursday came and went, and Jim Cramer had some post-pullback advice to share with investors who made it through the pain. “You’ve now been, once again, put through the mill that causes so many people to bail from good stocks. I’ve gottwo pieces of advice,” the “Mad Money” host
Check out which companies are making headlines after the bell: Shares of Apple rose 6 percent after easily surpassing fiscal third-quarter earnings expectations. The tech giant reported earnings per share of $1.67 and revenue of $45.41 billion, beating Thomson Reuters consensus expectations of $1.57 per share and revenue of $44.89 billion. It also topped iPhone
Almost eight months after President Donald Trump first criticized the multibillion dollar plan to buy two new 747’s to be Air Force One and its backup, the Commander in Chief is close to getting a new deal. Here’s the ironic twist: The 747’s that will be modified to become the president’s fleet were once scheduled
Oil prices plunged back below $49 a barrel on Tuesday after more reports that OPEC’s output rose last month despite the cartel’s deal to slash production. A survey of analysts conducted by Bloomberg News suggested OPEC’s July output rose by 210,000 barrels a day. Separately, market-monitoring firm Petro-Logistics said the producer group’s output was up
You might not have enough coverage for your valuables. Many of the items burglars target — cash, electronics and jewelry — are those that have sublimits in the typical homeowners insurance policy, Loretta Worters, a vice president for the Insurance Information Institute, told CNBC. Jewelry, for example, is often capped at $1,000 (total, not per
Russian miner Alrosa said on Tuesday it plans to sell at an online auction in November a rare collection of polished diamonds produced domestically, including a giant 51.38-carat gem. This huge, traditional round-cut diamond, whose 2.5 cm (1 inch) diameter is equal in size to the visible part of a human eye, bears the same
Don’t expect a sharp uptick anytime soon, either. While borrowers, in many cases, feel the sting from higher interest rates right away, there is usually a delay before savers start to see any benefits. For some savers, though, CDs are a viable option. Yet a number of planners say doing anything too long-term with them
“It’s what I’d call a lame-duck quarter,” Nehal Chokshi, an analyst at Maxim Group, told CNBC’s “Squawk Box” on Monday. “It doesn’t really matter what they say or do. And this is because everybody knows that the June quarter results, you know — we’re at the end of the product cycle. And everybody gives them
In conjunction with the restructuring plan, Under Armour expects to incur pretax charges of $110 million to $130 million in fiscal 2017. Most of these charges will show up in the third quarter, the company said. The charges include expenses related to facility and lease terminations, employee severance and benefit costs and contract terminations, Under
Before Tesla cultivated a year-long waiting list for its fully electric Model 3 sedan, “pure electric” vehicles — cars that run entirely on electricity, as opposed to hybrid cars — seemed like something of a niche market. Electric-only cars make up just 0.5 percent of total U.S. vehicle sales, according to Jessica Caldwell, senior analyst
Bitcoin traded slightly lower Tuesday morning as digital currency miners officially completed the process to split the currency in two, according to Bitcoin Magazine. Futures for the new “bitcoin cash,” an alternative version promoted by a minority of developers, briefly jumped 48 percent to $422, before giving back some gains to trade near $375 as
Sprint on Tuesday swung to a quarterly profit for the first time in three years and its chief executive said an announcement on merger talks should come in the “near future,” sending shares in the No. 4 U.S. wireless carrier up more than 6 percent. Sprint, majority owned by Japan’s SoftBank, is exploring options including
Justin Sullivan | Getty Images News | Getty Images A view of the US-Mexican border fence at Playas de Tijuana on January 27, 2017 in Tijuana, Mexico. The U.S. Department of Homeland Security on Tuesday said it would allow expedited construction of security-related barriers and roads along the nation’s southern border with Mexico near San
But for a person going through a temporary hard time or in a chemical withdrawal period or on a new medicine, the desire may be short-lived. Making it hard for them to physically act may buy time for a change in the circumstances that led to the desire. Things change, and when they do, that
When it comes to your financial stability, planning ahead is essential. A home-equity line of credit can give you an added level of financial security for the future and is best considered while you’re in a healthy financial position. Having an open line of credit on your house can be a valuable tool. It serves
Apple has fallen 5 percent from its recent high, and one trader expects more volatility from the stock when it reports earnings Tuesday afternoon. The options market is currently implying a 3 percent move for the stock in either direction by Friday’s close. But given last week’s sell-off in tech and the sector’s failure to