Business

The consumer and industrial economies are telling conflicting tales this earnings season, and it could be enough to trigger a change in Federal Reserve policy, CNBC’s Jim Cramer said Thursday. “The industrial economy is so weak that [Fed Chair] Jay Powell now has plenty of ammo to justify cutting interest rates,” he said. “And if
0 Comments
Elon Musk Mike Blake | Reuters Tesla shares are headed for their steepest drop since 2013 after the electric carmaker reported a wider-than-expected loss and disappointing revenue and announced the departure of Chief Technology Officer and co-founder JB Straubel from the executive ranks. The stock plunged 14% as of late morning on Thursday to $227.63.
0 Comments
Billionaire Jeffrey Epstein in Cambridge, MA in 2004. Epstein is connected with several prominent people including politicians, actors and academics. Rick Friedman | Corbis News | Getty Images Victoria’s Secret owner, L Brands, has hired outside counsel to review the company’s relationship with accused child sex trafficker Jeffrey Epstein, a company spokesperson said on Thursday.
0 Comments