Tesla Raises Goal in Capital Hunt and Musk Doubles Down
Tesla ups the size of its stock and debt offering to as much as $2.7 billion and Musk doubles down on buy-in.
Tesla ups the size of its stock and debt offering to as much as $2.7 billion and Musk doubles down on buy-in.
A solid jobs report and company earnings spurred U.S. stocks broadly higher Friday, driving the S&P 500 to its second straight weekly gain.
U.S. long-term mortgage rates fell this week after four weeks of increases, giving a jolt to prospective home buyers in the spring sales season. The average rate on the 30-year, fixed-rate mortgage dropped to 4.14% from 4.20% last week.
Energy stocks led a broad slide in U.S. stocks Thursday as oil and gas prices fell, handing the market its second straight loss.
German automaker Volkswagen says its profit slipped in the first quarter as the company set aside 1 billion euros ($1.1 billion) for legal risks related to its 2015 diesel scandal.
US productivity rises at solid 3.6% rate in Q1, best showing since 2014, while labor costs fall.
Survey: US businesses gained a strong 275,000 jobs in April, most in 9 months.
Stocks gave up some early gains and ended broadly lower on Wall Street Wednesday after the head of the Federal Reserve appeared to play down the possibility of an interest rate cut this year, something some investors had been hoping for.
CVS Health 1Q results beat estimates and the company hikes expectations for the year.
US construction spending drops 0.9% as housing drops to two-year low.