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Tesla’s stock surged nearly 10% to a record high Monday, breaching $500 per share for the first time ever....
GameStop shares plummeted in after hours trading on Monday after the gaming retailer reported sales from the holiday shopping season fell 27.5% to $1.83 billion....
Yahoo Finance's Myles Udland highlights all the earnings that come out this week amid a busy earnings season....
Market watchers will be focused on big bank earnings and CPI inflation data on a busy Tuesday....
(Bloomberg) -- PG&E Corp.’s $1.68 billion settlement agreement with California over wildfires sparked by its power lines could save the bankrupt utility about $470 million in taxes.Nearly all the wildfire recovery and prevention work included in the agreement should be deductible from both its state and federal taxes, PG&E said in a regulatory filing late Friday.The agreement reached with state regulators in December covers Northern California blazes in 2017 and the 2018 Camp Fire, the deadliest in state history. As part of the deal, PG&E agreed not to saddle customers with $1.63 billion in costs it will incur preventing and responding to fires.“Because we will not bill customers for the work, PG&E will incur losses,” PG&E spokeswoman Jennifer Robison said in an emailed statement. “The tax treatment of such losses will be determined in accordance with the federal and state tax code.”The settlement also directs PG&E to spend an additional $50...
(Bloomberg) -- In 2017, Brookfield Asset Management Inc. had just a half-megawatt of solar power. By the end of this year, the total owned outright by the company could be about 2,000 megawatts.Its unit, Brookfield Renewable Partners LP, said Monday it’s bidding to buy the shares of TerraForm Power Inc. that it doesn’t already own in a deal that values TerraForm at around $3.9 billion. The unsolicited bid comes more than two years after Brookfield initially rescued TerraForm from SunEdison Inc., a collapsed clean-energy company, by buying a 61.5% controlling stake.The unsolicited bid by Brookfield is part of a years-long effort to diversify its portfolio and recycle capital by selling mature assets and acquiring new ones. The company has long been a hydropower player, with a capacity of around 7,900 megawatts. It’s recent M&A activity has boosted its wind and solar exposure.In the third quarter of last year, Brookfield agreed to...
