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Called to Account: New accounting rule aims to solve problem highlighted by GE’s multi-billion-dollar insurance loss

Called to Account: New accounting rule aims to solve problem highlighted by GE’s multi-billion-dollar insurance loss

General Electric’s $6.2 billion hit to income in January to catch up on losses on long-term care insurance contracts highlights the problem accounting standard-setters now say will be solved with… Read more »

The Wall Street Journal: SEC wants to know what Elon Musk told Tesla directors about going private

The Wall Street Journal: SEC wants to know what Elon Musk told Tesla directors about going private

Federal regulators are pressing Tesla Inc.’s directors for details on how much information Chief Executive Elon Musk shared with them before he tweeted last week about a potential deal to… Read more »

11 marijuana stocks’ money flows show which are investor favorites

11 marijuana stocks’ money flows show which are investor favorites

There was a big bombshell in marijuana land. Constellation Brands STZ, -2.78% known for its beer, wine and spirits, is investing about $4 billion in Canadian marijuana company Canopy Growth… Read more »

Market Snapshot: Stock market closes higher as Dow has best day in 4 months

Market Snapshot: Stock market closes higher as Dow has best day in 4 months

Walmart shares soared to underpin the Dow’s rally. U.S. stocks rallied to close higher Thursday, with the Dow having its best day in four months, on strong corporate earnings from… Read more »

The Tell: It isn’t only Turkey—Asia is the ‘elephant in the room’ in excessive dollar debts

The Tell: It isn’t only Turkey—Asia is the ‘elephant in the room’ in excessive dollar debts

Investors unsettled by Turkey’s dollar borrowing might also want to pay attention to Asian countries. “Forget about Turkey’s woes, Asia is the elephant in the room,” said Neels Heyenke and… Read more »

Why it’s so hard to resist #fakenews

Why it’s so hard to resist #fakenews

President Trump’s relationship with the media just reached a new level of acrimony. On Thursday, some 350 American newspapers published editorials taking issue with Trump’s description of the media as… Read more »

The Tell: Does Donald Trump really love a strong dollar?

The Tell: Does Donald Trump really love a strong dollar?

Did President Donald Trump suddenly learn to love a stronger dollar? Some currency watchers aren’t convinced. In fact, Steven Barrow, head of G-10 strategy at Standard Bank, argued Thursday that… Read more »

Gucci wants you to wear this $590 T-shirt advertisement for Viacom

Gucci wants you to wear this $590 T-shirt advertisement for Viacom

For $590 you can be a walking billboard for Paramount Pictures. The luxury brand is selling an “oversize T-shirt” with the Paramount logo for $590 on its website, as well… Read more »

Chinese internet stocks rise after report of coming trade talks, but JD.com lags

Chinese internet stocks rise after report of coming trade talks, but JD.com lags

Shares of China-based internet companies moved higher Thursday, as reports of a resumption in trade talks helped provide investors some relief from the recent stewing over macroeconomic and geopolitical concerns…. Read more »

Tesla will lose money on a cheaper Model 3, analyst says

Tesla will lose money on a cheaper Model 3, analyst says

Tesla Inc. is expected to lose about $6,000 on every cheaper, base-version Model 3 sedan it will sell because the electric car’s powertrain isn’t as cheap as expected, analysts at… Read more »

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