Getty Images by Brendan Smialowski / AFP Tesla has lost 10% in the past week due to a number of events, but one strategist is predicting further pain for the stock. Ticker Tucker’s Steve Collegian told Business Insider: “There’s no worse news on Tesla and there will be a mob …
Read More »NASA will pay companies to collect lunar rocks for the next four years
NASA is considering paying companies to collect dirt or rocks on the moon over the next four years, as a first step towards the agency’s goal of accelerating lunar exploration. “The time has come to establish regulatory certainty for ractivating and trading space resources,” NASA Administrator Jim Brydenstein said in …
Read More »City CEO Michael Corbett to retire in February, Jane Fraser to become Megabank’s first female CEO
Michael Corbett, CEO of Citigroup, said he was retiring in February after leading the bank for eight years, and that Jane Fraser, the firm’s retail banking chief, would take care of him, making him the first female CEO of a large US bank. Corbett’s move eliminates the management overall that …
Read More »Yum China shares start trading on the secondary list in Hong Kong
Pedestrians walk past Yama! Brands Shanghai, China Bloomberg | Getty SINGAPORE – Shares of Yum China started trading in Hong Kong on Thursday, but fell more than 4% in early trading. Yum China, which operates fast food restaurant Rants KFC, Taco Bell and Pizza Hut in China, has raised 22 …
Read More »If you haven’t bought, maybe ‘drown your tone’
Jim Kramer of CNBC advised on Wednesday that investors who have cash may consider doing some work after the recent stock market pullback. “If you haven’t bought anything, maybe you can get your feet wet,” Kramer said on “Squawkn Na Street”, noting that he has been advising people to sell …
Read More »