Global Stock Slump Continues; China Gets Hit Hard: Markets Wrap

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The sell-off in global inventories that briefly looked to have ended mid-week has come back, tip-off sells from the U.S. to Asia into declines exceeding 10 percent from their January high-flowns. China, where retail investors dominate, got hit especially hard Friday. Equity brokers have yet to get comfy with a jump up in standard U.S. […]

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Teslas Burning Through Nearly Half a Million Dollars Every Hour

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Elon Musk said last week that burning fund at a clip of about $8,000 a instant( or $480,000 an hour ), Bloomberg data show. At this pace, the company is on track to deplete its current money pile on Monday, Aug. 6.( At 2:17 a.m. New York time, if you really want to be precise […]

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