Tesla has reportedly been searching for years for a No. 2 to ease CEO Elon Musk’s workload, even approaching Facebook Chief Operating Officer Sheryl Sandberg at one point. Executive recruiters and industry analysts agree Musk needs help. Musk’s erratic behavior on Twitter has reportedly drawn a federal securities investigation and put Musk himself at risk
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Here’s a round-up of the most important deals in venture capital from the past week. Amazon acquired Tapzo to help expand its mobile payments business in India, Economic Times reported. Tapzo is a “personal assistant” app that helps users make payments, as well as purchase food and buy transportation tickets. Economic Times reported that Tapzo
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Every investor makes mistakes, even the Oracle of Omaha, Warren Buffett. That’s the investing wisdom Michael Batnick wants to impart. Batnick, director of research at Ritholtz Wealth Management and author of “Big Mistakes: The Best Investors and Their Worst Investments,” has pinpointed three of the most prevalent and perilous mistakes every investor has made. One
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The administration’s interest in allowing investors to factor in inflation when calculating their capital gains tax liability is mounting. On Thursday, President Donald Trump said he’s thinking “very strongly” about doing so. That comes after Treasury Secretary Steven Mnuchin announced earlier this month that he was considering a proposal on it, as well. Don’t brace
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Bank of America Merrill Lynch is getting worried about the video gaming industry’s holiday selling season. The firm lowered its rating for both Electronic Arts and Activision Blizzard shares to neutral from buy, citing the crowded holiday slate and competition from “Fortnite.” On Thursday, EA shares fell nearly 10 percent after the company delayed its
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Shares of Big Lots plunged in premarket trading Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 10 percent before the opening bell, set to add to its 14.7 percent decline so far this year. The Columbus, Ohio-based company reported quarterly net income
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Check out the companies making headlines before the bell: Coca-Cola – Coca-Cola struck a deal buy Costa, the world’s second-largest coffee chain, from Britain’s Whitbread for $5.1 billion, including assumed debt. Costa has nearly 4,000 locations across a variety of international markets. Lululemon – Lululemon reported second-quarter profit of 71 cents per share, well above
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