Daily Investor Update: Judge orders Tesla's Musk, SEC to justify fraud settlement

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Judge orders Tesla's Musk, SEC to justify fraud settlement

A federal judge on Thursday gave Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission one week to justify their settlement to resolve securities fraud charges against the head of the electric car company.

Oil falls from four-year highs; Wall Street weighs

Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC's No. 3 producer Iran.

Bond yields surge in U.S. Treasuries sell-off, stocks sink globally

A two-day unloading of U.S. Treasuries pushed their yields to multi-year peaks on Thursday as robust economic data and hawkish speeches by Federal Reserve officials stoked concerns about inflation, and stock markets sank globally.

Wall Street drops as bond yield climb continues

Wall Street stocks dropped on Thursday as U.S. Treasury yields continued their ascent to multi-year highs on another round of strong economic data, increasing concerns for accelerating inflation.

Gucci boss reassures staff over looming era of slower growth

The head of Gucci has reassured shop staff over a looming slowdown in the pace of sales growth after a revenue explosion at the Kering -owned label, according to an internal video message seen by Reuters.

Toyota, SoftBank in first-ever alliance, target self-driving car services

Toyota Motor Corp and SoftBank Group Corp are teaming up to develop self-driving car services, signaling deepening alliances between top automaker and tech firms as the global race to develop autonomous cars intensifies.

Cadillac edges Tesla in semi-automated driving test

General Motors Co's Cadillac outscored Tesla Inc in a new ranking of partially automated driving systems tested by Consumer Reports and released on Thursday.

U.S. plans to rewrite rules that impede self-driving cars

The National Highway Traffic Safety Administration (NHTSA) is moving ahead with plans to revise safety rules that bar fully self-driving cars from the roads without equipment like steering wheels, pedals and mirrors, according to a document seen by Reuters.

Lilly's diabetes drug data impresses, hurts rival Novo's shares

Eli Lilly and Co said on Thursday its new two-in-one diabetes drug was successful in lowering blood sugar and reducing weight, sending its shares to a record high and weighing on those of arch-rival Novo Nordisk .

U.S inquiry deepens Danske money-laundering crisis

Danske Bank faces a U.S. criminal investigation into a 200 billion euro ($230 billion) money laundering scandal at its Estonian branch which has rocked investor faith in Denmark's biggest lender and forced its chief executive to quit.

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