In the 1960s, the great Space Race was a battle between the two most powerful nations in the world: the United States and the Soviet Union. In the 21st century, the race has shifted to two of the most recognizable billionaires: Tesla Inc TSLA 0.49% and SpaceX CEO Elon Musk and Amazon.com, Inc. AMZN 0.06%…
Detroit’s Quicken Loans reported record business in 2016. The company delivered $7 billion in mortgage funding via its online platform and closed a total of $96 billion in loans on the year, making it the second-largest mortgage lender in the country in 2016.
RadioShack is preparing for its second bankruptcy restructuring in two years as the once-dominant electronics retailer continues its fall from grace. RadioShack currently operates about 1,700 stores, down 75 percent from its peak market presence back in the late 1990s. The company has already begun closing another 200 stores and firing employees.
Donald Trump is by far the wealthiest U.S. president in history, but it hasn’t stopped him and his family from running up Secret Service costs on taxpayers.
Utah Congressman Jason Chaffetz believes he has identified the key problem with the U.S. healthcare system: the Apple Inc. AAPL 0.33% iPhone. Chaffetz isn’t blaming Apple for the rising cost of healthcare. Instead, he is blaming poor people for buying iPhones instead of health insurance.
Tesla Inc (NASDAQ:TSLA) sold off hard following a fourth-quarter earnings report that fell short of the market’s lofty expectations. Despite reporting better-than-expected revenue of $2.28 billion on the quarter, Tesla stock delivered an earnings loss much larger that the market anticipated.
The career of Jacob Wohl, the 19-year-old “Wohl of Wall Street” hedge fund manager, seems to be coming to a quick end. The high school jock who started his own hedge fund as a teenager and reported questionably high returns to investors has been served with a cease and desist order in the state of…
Advanced Micro Devices, Inc. AMD 0.83% is having another rough day. The stock fell nearly 4.7 percent in the wake of Ryzen’s somewhat disappointing performance thus far. AMD’s CEO told CNBC on Friday that Ryzen’s poor gaming performance will be fixed “in a matter of weeks and months.”
Most of the time when a company sells an asset to another company, the market rewards the perceived “winner” of the deal and punishes the loser. On rare occasion, the market will see a transaction as a win-win for both parties involved.
If you were trying to short sell shares of Snap Inc SNAP 0.44% right out of the gate following its high-profile IPO, it may have been more difficult than you anticipated. Since 2005, Regulation SHO has required brokers to have a reasonable belief that they will be able to borrow and deliver shares of any…