Biggest Tesla bulls see way beyond this stock dip
The mutual funds with the biggest bets on shares of Elon Musk’s Tesla Motors explain why they are still in love with the electric-car stock.
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U.S. auto industry headed for record sales in 2015: GM
The U.S. auto industry is on track for a record year of annual sales, General Motors Co (GM.N) said on Tuesday, as the top U.S. automaker and its rivals reported October sales that far exceeded expectations. GM said the six-month rolling average for U.S. auto sales is 17.8 million vehicles on an annualized basis, which means the industry is on its way to beating the 1999 annual sales record.
Ackman's Pershing Square Extends Losses to 19% as Valeant Dives
Pershing Square Holdings, the publicly traded security of Bill Ackman’s activist hedge fund, extended annual losses last month to 19 percent as investments in Valeant Pharmaceuticals International Inc. …
Freddie Mac posts $475M loss in 3Q; no dividend payment
Mortgage giant Freddie Mac reported a $475 million net loss for the third quarter, as it sustained losses on the investments it uses to hedge against swings in interest rates. The government-controlled …
Citigroup among 8 top US banks facing rating cut
Top US banks like Citigroup, Bank of America, Goldman Sachs and JPMorgan Chase, may see their credit ratings cut, with the government viewed as less likely to provide aid in a future crisis.
Bank of America to merge $87 billion cash assets with BlackRock
BlackRock Inc.’s cash-management business has agreed to manage about $87 billion in assets for Bank of America Corp. clients as it seeks to build scale in an industry grappling with money-market fund regulations….
Fiat Chrysler October US sales rise nearly 15 percent
Fiat Chrysler’s U.S. sales rose nearly 15 percent last month as the auto industry steered toward its best October in 14 years. The Italian-American automaker reported sales of about 196,000, led by the …
China's Xi says GDP growth at least 6.5%: Reports
China’s President Xi Jinping has said economic growth rate will not be less than 6.5 percent in the years to 2020, Reuters reported Tuesday.
Kourtney Kardashian Shows a Bit Too Much Skin at Kendall Jenner's Birthday Party
Accidents happen. While there’s no doubt that Kourtney Kardashian has been looking exceptionally phenomenal as of late, including at Kendall Jenner’s birthday party Monday, she…
Robin Williams Secretly Suffered From Lewy Body Dementia: Understanding the Disease and How It Eventually Led to His Death
Many believed that Robin Williams took his own life in 2014 after a long battle with depression, but in one of her first interviews since his death, his widow, Susan Schneider, argued that Diffuse…