Tesla stock (TSLA) is still soaring today even though registrations for its vehicles made in China plunged in July. It seems a price target increase from an analyst and a five-for-one stock split are boosting investor euphoria to the point that bad news from China doesn’t even matter. China registrations don't weigh on Tesla stock Bloomberg reported […]...
Google (GOOGL) just made a statement. On August 3, Google announced that it’s investing $450 million in home security company ADT Corp (ADT). The investment will give Google a 6.6% stake in the company. You might be wondering why the tech giant wants anything to do with ADT. Simple. Google’s asserting its dominance in one of today’s biggest […]...
Known as the Oracle of Boston, Seth Andrew Klarman is the manager of the Baupost Group hedge fund. The Baupost Group was founded in 1982 by Harvard professors Bill Poorvu and his partners. Seth Klarman had recently graduated from the Harvard Business School when he was requested to manage this fund. The Baupost Group started […]...
Oil producers on Saturday shut 13% of crude oil production ahead of tropical storms Laura and Marco that are forecast to grind up the Gulf of Mexico in coming days, U.S. government data showed. Storms Marco and Laura are poised to become hurricanes and make back-to-back landfalls along the central Gulf Coast by mid-week. It is rare to have two simultaneously spinning in the Gulf and has raised concerns of double-barrel hits to coastal communities....
Oil producers shut 13% of offshore crude oil production by Saturday in the U.S.-regulated northern Gulf of Mexico as tropical storms Laura and Marco were forecast to cross the region next week, the U.S. government said. Royal Dutch Shell Plc said it began shutting down production at most of its offshore operations on Saturday, joining energy majors BP Plc and Chevron Corp , which began shutdowns on Friday. In addition to the 240,785 barrels per day (bpd) in oil production shut in as energy companies were evacuating workers, 4.39%, or 119 million cubic feet per day (mmcfd), of natural gas output from the Gulf was turned off by Saturday, the U.S. Bureau of Safety and Environmental Enforcement said....
