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January 20, 2023 | NTD Video
Tesla Trial Continues on Jan. 20
A trial on Tesla shareholders’ claims against the company continues from 10:00 a.m. ET on Jan. 20. Some shareholders accused Elon Musk and Tesla directors over allegations of fraudulently inflating Tesla stock in 2018 by posting on Twitter that he was considering taking the electric vehicle company private. NTD will livestream the event.
December 23, 2022 | Caden Pearson
Elon Musk Says He Won’t Sell Tesla Stock for 2 Years, Predicts ‘Serious Recession’ in 2023
Elon Musk, the billionaire head of Tesla, Space X, and Twitter, on Thursday predicted a “serious recession” in 2023 and promised not to sell Tesla stock next year “under any circumstances.” Speaking in a Twitter Spaces audio forum, Musk also assured investors Tesla hadn’t “skipped a beat on execution” since he took over Twitter. Twitter required an […]
September 24, 2022 | Tom Ozimek
‘Meaningful Penalties’: Bill Banning Members of Congress and SCOTUS From Stock Trading Takes Shape
Long-anticipated legislation that would ban lawmakers and other senior government officials from trading stocks got a boost on Thursday, as House Democrats released a legislative framework that seeks to close loopholes, cut conflicts of interest, and make penalties for non-compliance more painful. Rep. Zoe Lofgren (D-Calif.), chair of the Committee on House Administration tasked with […]
September 5, 2022 | Rita Li
Bed Bath & Beyond CFO Facing $1.2 Billion Stock Suit When He Fell to His Death From a Skyscraper
The executive vice president and CFO of Bed Bath & Beyond (BBBY), who took his own life by jumping from a Tribeca skyscraper on Sept. 2, had been facing a $1.2 billion stock suit since late August over allegedly inflating the company’s share value. A group of shareholders claiming a loss of around $1.2 billion sued […]
August 10, 2022 | Reuters
Musk Sells Tesla Stock Worth $6.9 Billion as Possibility of Forced Twitter Deal Rises
Tesla Inc. Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform. “In the (hopefully unlikely) event that Twitter forces this deal to close *and* some […]
July 21, 2022 | Andrew Moran
Investors Slash Stock Allocation to Lowest Levels Since 2008 Financial Crisis, BofA Poll Finds
Investors have slashed their stock allocation to the lowest level since the collapse of Lehman Brothers during the financial crisis of 2008–09, a new poll found. According to Bank of America’s latest monthly survey of global fund managers, investors’ expectations of international growth and corporate profits cratered to levels not seen since the economic collapse […]
June 24, 2022 | Tom Ozimek
Fed Says Banks Can Handle ‘Severe’ Recession With 10 Percent Unemployment, 55 Percent Stock Meltdown
America’s banks are resilient enough to withstand even a “severe” recession with unemployment soaring to 10 percent, the real estate market melting 40 percent, and stocks sinking 55 percent, the Federal Reserve said. The Fed put dozens of America’s biggest banks under a “stress test” exercise to evaluate their resilience and ability to support a […]
June 14, 2022 | Reuters
S&P 500 Dips With Fed Policy Announcement on Tap
NEW YORK—The S&P 500 ended lower on Tuesday as the index was unable to bounce from a sharp sell-off in the prior session with a key policy statement from the Federal Reserve on deck that will reveal how aggressive the central bank’s policy path will be. Analyst expectations had largely been predicting the Fed would […]