Mark Cuban reportedly urged Tesla’s Musk to settle SEC fraud charges

Musk's dispute with the SEC originated on Aug. 7, when Musk said he was considering taking Tesla private at $420 a share, and that he had already secured the funding. Cuban, who owns the Dallas Mavericks basketball team, once won his own five-year dispute with the agency on charges of insider trading. He called Musk…

US judge asks Tesla’s Musk and SEC to justify fraud settlement as ‘fair and...

Tesla CEO Elon Musk's settlement with the Securities and Exchange Commission hit a snag Thursday after the federal judge charged with approving it asked them to justify the agreement. U.S. District Judge Alison Nathan said the court needs to make a "minimal determination of whether the agreement is appropriate" before she would sign off on…

Elon Musk mocks SEC as ‘Shortseller Enrichment Commission’ days after settlement

Tesla CEO Elon Musk mocked the SEC in a tweet Thursday, calling the agency the "Shortseller Enrichment Commission," days after settling fraud charges brought against him. The tweet, which is missing a word and appears to take a sarcastic tone, says "the Shortseller Enrichment Commission is doing incredible work" and commends the agency on a…

Campbell denies cash bonuses for top executives, awards a ‘0’ performance rating

Campbell Soup denied cash bonuses to most of its executive suite last fiscal year and cut the total compensation of four of its top five executives by more than 20 percent, awarding a performance rating of "0." The pay cuts demonstrate that the company isn't meeting its own internal performance goals. That weak performance is…

10-year yield jumps to highest in 7 years as investors bet on roaring economy,...

Rates surged on Wednesday following data that showed that private payrolls rose by 230,000 in September which far surpassed the 168,000 jobs in August. The report adds to the now-widespread view that the labor market is near or beyond full employment; the government's monthly report on the employment situation, including the unemployment rate, is due…

Good economic news is now bad news for stocks as rising interest rates take...

Bryan R. Smith | AFP | Getty Images Traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange on September 28, 2018 in New York. There's a new stock market story in town: Strength in the U.S. economy is morphing into a yield story. It's…

JP Morgan downgrades China stocks, predicts ‘full-blown trade war’ with US

Zheng Yongbo | Visual China Group | Getty Images Checkpoint soldiers are on guard at a container terminal on May 25, 2017 in Lianyungang, Jiangsu Province of China.  J.P. Morgan is getting less optimistic about the trade conflict between the U.S. and China. The firm lowered its rating for Chinese equities to neutral from overweight,…

Target is back to its ‘cheap chic’ roots, now comes the hard part

"I think about the work we did years ago with Cat & Jack — thinking about how important it is for us to connect with babies, kids with those moms," CEO Brian Cornell told CNBC earlier this month from inside one of the retailer's recently remodeled locations in downtown Minneapolis. "And now we've taken some…

Here’s how Target plans to beat Amazon and Walmart in the shipping wars this...

Target has been busy upgrading its supply chain, and this holiday season marks its biggest test yet. Early last year, the retailer said it would pour $7 billion into investments to turn around its business over the next three years. A portion went into bulking up its delivery options — making it more convenient for…

US weekly jobless claims drop to a near 49-year low

The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labor market strength, which should continue to underpin economic growth. The labor market, which is viewed as being near or at full employment, is steadily boosting wage growth, which could help to support consumer spending as…

Must Read

- Advertisement -