Category Archives: News

As his team hustled to put form to his idea, lining up investors willing to put up tens of billions of dollars, Mr. Musk was having second thoughts Engineer and tech entrepreneur Elon Musk. PHOTO: JOSHUA LOTT/GETTY IMAGES 249 COMMENTS By Liz Hoffman and Tim Higgins Updated Aug. 27, 2018 12:16 a.m. ET The Tesla Inc. TSLA -2.32% board convened Thursday at the company’s […]

CORNER OFFICE A strong second-quarter showing didn’t save the unit from a staff cull, which is reportedly in progress. Alicia McElhaney August 22, 2018 (BigStock photo) JPMorgan Chase is laying off about 100 people from its asset management division, a spokesperson for the firm confirmed Wednesday. The layoffs — initially reported Wednesday by the Wall Street […]

SEAN SILCOFF PUBLISHED AUGUST 23, 2018UPDATED 8 HOURS AGO Sonder Canada Inc., a Montreal-based startup aiming to disrupt the travel accommodation business by renting out hotel-quality apartments through Airbnb and other websites, said Thursday it has raised US$85-million in a financing led by San Francisco venture capital firm Greenoaks Capital. Sonder, both an alternative to […]

Banks and fintech companies are plunging with new vigor into a risky area of consumer finance 61 COMMENTS By AnnaMaria Andriotis and Peter Rudegeair Aug. 24, 2018 5:30 a.m. ET Lenders are stepping up offers of personal loans, many to consumers with poor credit histories, promising to fund home renovations, vacations and debt repayments for a group of […]

Turnover is rising in showrooms as more millennials enter the workforce uninterested in selling cars A salesperson speaks to a customer inside a vehicle at a dealership. PHOTO: LUKE SHARRETT/BLOOMBERG NEWS 44 COMMENTS By Adrienne Roberts Aug. 23, 2018 5:30 a.m. ET Car dealerships are facing a roadblock: convincing workers in their 20s and 30s to work and […]

This month’s decline in 10-year yields stems from a host of factors, investors and portfolio managers say Predictions that bond yields should rise find favor with economists at Goldman Sachs Group, DoubleLine Chief Executive Jeffrey Gundlach and James Dimon, the CEO of JPMorgan Chase & Co. PHOTO: BRENDAN MCDERMID/REUTERS 4 COMMENTS By Daniel Kruger Updated Aug. 22, 2018 […]

Ample venture capital and low rates offer companies myriad options for raising capital without going through expensive IPOs President Trump asked the SEC to study whether public companies should release earnings twice a year. PHOTO: DREW ANGERER/GETTY IMAGES 0 COMMENTS By Ben Eisen Aug. 20, 2018 8:00 a.m. ET The rise of private markets where companies are free […]

Cola giant agrees to buy the maker of carbonated-water dispensers for $3.2 billion as consumers shift toward healthier products Pepsi’s deal to buy SodaStream comes as consumers shift away from sugary soft drinks towards bottled water. PHOTO: JIM HOLLANDER/EPA/SHUTTERSTOCK 9 COMMENTS By Saabira Chaudhuri Updated Aug. 20, 2018 3:38 a.m. ET PepsiCo Inc. has agreed to buy home-carbonation […]

An investment made by Kobe Bryant has yielded more than 30 times its money in fewer than four and a half years. On Tuesday, Coca-Cola announced it had purchased a minority stake in sports drink BodyArmor. Bryant made his first investment in the brand, for roughly 10 percent of the company, in March 2014, putting […]

Gross bookings, a measure of the overall demand for Uber’s ride and delivery services, jumped 41% Uber’s revenue grew 63% in the second quarter. PHOTO: JUSTIN LANE/EPA/SHUTTERSTOCK 20 COMMENTS By Douglas MacMillan Aug. 15, 2018 3:00 p.m. ET A year after joining Uber Technologies Inc., Chief Executive Dara Khosrowshahi is showing signs he can maintain the ride-hailing firm’s rapid […]