Former Tesla bull makes $10 worst case call on China worries

Former Tesla bull makes $10 worst case call on China worries
(Reuters) – One of Tesla’s former biggest supporters on Wall Street said on Tuesday the electric carmaker’s shares could fall to $10 from nearly $200 now, if tensions with China escalate and sap demand for its cars. Shares of Tesla edged down, heading for their fifth straight session of losses, and bonds weakened, after Morgan Stanley analyst Adam Jonas outlined his worst case... Read More

Fed officials see past inflation misses as trouble for any new framework

Fed officials see past inflation misses as trouble for any new framework
ATLANTA (Reuters) – In discussing the best way to manage the U.S. central bank’s 2 percent inflation goal, Federal Reserve officials are considering strategies that may see them tolerate much higher price increases in some years to offset the weaker ones. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo One... Read More

Tech stocks pull Wall Street higher as U.S. eases Huawei restrictions

Tech stocks pull Wall Street higher as U.S. eases Huawei restrictions
(Reuters) – Technology stocks fueled a rebound on Wall Street on Tuesday after the United States temporarily eased curbs on China’s Huawei Technologies, raising expectations that the two countries would work toward a trade deal. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan McDermid Chipmakers, which bore the... Read More

U.S. senators urge Volkswagen to end delay in Tennessee union vote

U.S. senators urge Volkswagen to end delay in Tennessee union vote
WASHINGTON (Reuters) – Three Democratic U.S. senators on Tuesday questioned a decision by Volkswagen AG’s U.S. unit to delay a union election for workers at its Tennessee assembly plant. The Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee November 4, 2015. Volkswagen told NHTSA that it would recall about 92,000 vehicles, which are some 2015 and 2016 models of Jetta, Passat,... Read More

McDonald’s faces 25 new sexual harassment complaints from workers

McDonald’s faces 25 new sexual harassment complaints from workers
(Reuters) – McDonald’s Corp was accused on Tuesday in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and retaliating against employees who speak up. FILE PHOTO: The logo of a McDonald’s Corp restaurant is seen in Los Angeles, California, U.S. October 24, 2017. REUTERS/Lucy Nicholson/File Photo The cases announced by the American Civil Liberties Union... Read More

Kohl’s chops profit forecast after dismal first quarter, shares slump

Kohl’s chops profit forecast after dismal first quarter, shares slump
(Reuters) – Kohl’s Corp cut its full-year profit forecast and reported lower-than-expected quarterly results as the department store chain sold fewer full-price spring apparel and saw weak demand for home goods, sending its shares down as much as 14%. The sign outside a Kohl’s store is seen in Broomfield, Colorado February 27, 2014. REUTERS/Rick Wilking Company executives, during a post-earning... Read More

Huawei launches new Honor phones, doesn’t mention Android

Huawei launches new Honor phones, doesn’t mention Android
Huawei’s new Honor 20 smartphone is seen at a product launch event in London, Britain, May 21, 2019. REUTERS/Peter Nicholls LONDON (Reuters) – Huawei launched its new Honor 20 series smartphones in London on Tuesday in a presentation that emphasized the Chinese company’s technology but made no reference of a possible rupture with Google. Huawei, the world’s second-biggest phone maker,... Read More