Sunday , 19 August 2018

Business News

Pass it On: Entrepreneur's insights on running a business

David Heath, the co-founder and CEO of online sock company Bombas, was an entrepreneur early on. His advice? Focus on one product before branching out. Don’t copy your competition. And Heath, who meditates daily and brings his Jack Russell terrier named Cooper to work, emphasizes the importance of a healthy work culture. Q. Did you always want to be an …

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Business Highlights

___ Tesla shares fall as CEO admits job stress is getting to him DETROIT (AP) — Shares of Electric car maker Tesla Inc. tumbled about 9 percent Friday after CEO Elon Musk conceded in a newspaper interview that job stress may be getting the best of him. Tesla shares closed at $305.50, their lowest level since Aug. 1, as analysts …

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Zoe's and Nordstrom rise while Tesla and Nvidia skid

Stocks that moved substantially or traded heavily Friday: Nvidia Corp., down $12.62 to $244.82 The chipmaker’s profit forecast fell short of Wall Street forecasts. Applied Materials Inc., down $3.66 to $43.77 The chipmaking equipment company’s quarterly profit and revenue estimates were lower than analysts expected. Tesla Inc., down $29.95 to $305.50 The Wall Street Journal said the SEC began investigating …

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How major US stock indexes fared Friday

U.S. stocks rose late in the day Friday as investors hoped the U.S. and China are making more progress in trade talks. The Wall Street Journal reported that the countries hope to resolve their dispute by November. On Friday: The S&P 500 index rose 9.44 points, or 0.3 percent, at 2,850.13. The Dow Jones Industrial Average added 110.59 points, or …

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Stocks jump as hopes rise for progress on China trade talks

Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November. Industrial, health care and basic materials companies made some of the biggest gains. The report came a day after China said it …

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Trump asks SEC to consider ending required quarterly reports

President Donald Trump is calling on federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense. In a tweet early Friday, Trump said that after speaking with several top business leaders, he’s asking the Securities and Exchange Commission to determine whether shifting to a …

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Tesla shares fall as Musk says stress takes toll

The Latest on Tesla CEO Elon Musk (all times local): 4:00 p.m. Tesla shares are closing with a loss of $29.95, about 9 percent, at $305.50 after CEO Elon Musk told the New York Times that the stress of the job is getting to him. The company lost $5.5 billion in market value Friday. Musk admitted in an interview with …

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Global markets lose steam in European trading

World stock markets turned lower during European trading hours Friday as investors worried again about Turkey‘s financial trouble, after Asian stocks rose on news China is preparing to resume trade discussions with the U.S. KEEPING SCORE: Britain’s FTSE 100 fell 0.3 percent to 7,537 and the CAC 40 in France shed 0.3 percent to 5,332, while Germany‘s DAX lost 0.7 …

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Tesla's Musk says stress, overwork taking heavy toll

Electric car maker Tesla’s CEO Elon Musk admitted to The New York Times that stress is taking a heavy toll on him personally in what he calls an “excruciating” year. The newspaper said Musk alternated between laughter and tears during the interview in which he said he was working up to 120 hours a week and sometimes takes Ambien to …

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US CEOs earned 312 times more than workers in 2017: Study

CEOs at the 350 largest U.S. companies received 312 times as much in compensation as typical employees in 2017, according to a study released Thursday. The average chief executive received $18.9 million last year, a 17.6 percent increase from 2016, as the wages of a typical worker rose just 0.3 percent, according to research by the Economic Policy Institute, a …

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