Connect with us

Business

Tesla Again Cutting Price of Model S, Musk Says – Motley Fool

How low can the CEO go?

Published

on

post featured image
ADVERTISEMENT

For the second time in a matter of only days, Tesla(NASDAQ:TSLA) is reducing the price of its Model S sedan. That’s according to the company’s colorful CEO Elon Musk, who announced this in a Wednesday afternoon tweet, reading in its entirety:
The gauntlet has been thrown down! The prophecy will be fulfilled. Model S price changes to $69,420 tonight.
The contest Musk appears to be referring to is with Lucid Motors, a privately held rival whose CEO and CTO is one-time Tesla executive Peter Rawli…

Click here to view the original article.

Business

Dow Jones Futures: Stock Market Rally Struggles As Coronavirus Cases Soar; Dexcom, Twilio Key Movers Late – Investor’s Business Daily

Dow Jones futures: The stock market rally sold off as coronavirus cases soar, raising the stakes for earnings reports. Dexcom was a surprise big mover late.

Published

on

post featured image
ADVERTISEMENT

Dow Jones futures edged higher late Monday, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered heavy losses, amid soaring coronavirus cases and a big tech warning. The major indexes broke key support, at least intraday, and leading stocks suffered significant chart damage, but rallied somewhat into the news on stimulus deal news.
XTwilio (TWLO), Chegg (CHGG) and NXP Semiconductors (NXPI) reported earnings after the close. Dexcom (DXCM) reported revenue a day early, along…

Click here to view the original article.

Continue Reading

Business

Rubio’s Files for Bankruptcy; Restaurants Remain Open – NBC San Diego

The fast-casual Mexican restaurant chain Rubio’s Restaurants, which is based in Carlsbad, filed a petition for bankruptcy on Monday in Delaware.

Published

on

post featured image
ADVERTISEMENT

The fast-casual Mexican-food chain Rubio’s Restaurants, which is based in Carlsbad, filed a petition for bankruptcy on Monday in Delaware.
Rubio’s confirmed the filing in a statement released on Monday:
“Rubios Restaurants announced today that it has reached agreement on a comprehensive financial restructuring with its sponsor, Mill Road Capital, and its lenders, funds managed by Golub Capital, to recapitalize the company. To implement the restructuring, the company filed a prepackaged plan with…

Click here to view the original article.

Continue Reading

Business

Ikea’s 2021 catalog delayed as company removes potentially offensive image – Fox Business

Ikea’s release of its widely anticipated yearly catalog was stalled as the company removed a potentially offensive photograph showing a Black man trying to assemble…

Published

on

post featured image
ADVERTISEMENT

Ikea’s release of its widely anticipated yearly catalog was stalled as the company removed a potentially offensive photograph showing a Black man trying to assemble furniture while wearing a shirt that, to some, resembled an inmate’s uniform, according to a report confirmed by FOX Business.
Ikea delayed publishing the print version of its 2021 catalog – of which more than 200 million copies are reportedly printed each year – because of one photo from the nearly 300 pages of products. The catalog…

Click here to view the original article.

Continue Reading

Trending

You might also like ...

post featured image
Rubio’s Files for Bankruptcy; Restaurants Remain Open – NBC San Diego
post featured image
Ikea’s 2021 catalog delayed as company removes potentially offensive image – Fox Business
IRS Releases 2021 Tax Rates, Standard Deduction Amounts And More – Forbes