 | | | | Elon Musk told a judge on Tuesday Tesla Inc (TSLA.O) had to buy SolarCity in 2016 because the failing solar panel company was essential to the electric vehicle maker's long-term goal of accelerating the transition to sustainable energy. | | | | | | A U.S. bankruptcy judge on Tuesday raised concerns that Limetree Bay refinery on the Virgin Islands may not have enough money to get through the early days of its Chapter 11 restructuring. | | | | | | Virgin Galactic Holding Inc (SPCE.N) acknowledged on Tuesday that billionaire founder Richard Branson never rode a bicycle to the launch site of his space flight on Sunday, as depicted in a highly publicized video included in the company's webcast of the event. | | | | | | The European Union plans to introduce an absolute cut-off date after which all manufacturers will have to stop producing combustion-powered cars, the head of its executive Commission said. | | | | | | The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season. | | | | | | American Airlines (AAL.O) said on Tuesday it expects its average daily cash build rate for the second quarter to be about $1 million per day, the first positive quarter since the beginning of the COVID-19 pandemic. | | | | | | The U.S. securities regulator on Tuesday said it charged blank-check company Stable Road Acquisition Corp (SRAC.O), its sponsor SRC-NI, space exploration company Momentus Inc and two executives for misleading claims over their planned merger. | | | | | | The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season. | | | | | | Though the Bank of Mexico hiked its key interest rate last month to stem surging inflation, analysts have increased their forecasts for Mexican inflation to around 6% for year end, double the central bank's target. | | | | | | Goldman Sachs Group (GS.N) has been freeing up about $5 billion of capital that management can use for share buybacks, dividends and business investments, after selling stakes in companies and real estate holdings as valuations soared, management said on Tuesday. | | | | | |
