$RACE FLASH: Ferrari got off to a strong start to the year by increasing its value to shareholders by 34.6% over Q-1 Europe’s automakers, auto engineering groups and parts suppliers all enjoyed a strong recovery in shareholder value in Q-1 of Y 2019 following significant losses in Q-4 of Y 2018. Overall, automakers gained 9.7%, […]
$TSLA, $MS, $TROW Major Tesla (NASDAQ:TSLA) shareholder T. Rowe Price Group Inc. (NYSE:TROW) had a 5.2% stake in the embattled EV maker as of 31-December, about 50% of its earlier stake, a regulatory filing showed Monday. As of September 2018, the fund manager had a 10.12% stake in Tesla. Related story: Tesla Faces ‘Serious Competition’ From a […]
Elon Musk Cannot Return as Tesla’s (NASDAQ:TSLA) Chairman W/O Shareholder Vote $TSLA The vote shows the SEC is protecting investors. If Tesla (NASDAQ:TSLA) CEO Elon Musk, 47 anni, ever wants to return as Chairman, shareholders will have to vote on it. The requirement is detailed in a court brief filed jointly Thursday by Tesla and the Securities […]
Ferrari’s (NYSE:RACE) Shareholders Approve Louis Camilleri as Its New CEO $RACE Ferrari to build a future as good as its past with new CEO In July the iconic Italian Supercar maker Ferrari announced it had appointed board member Louis Camilleri as its new CEO, replacing Sergio Marchionne was seriously ill, and died a few days later. An emergency […]
Tesla’s (NASDAQ:TSLA) CEO, Elon Musk Sued For Fraud $TSLA Friday, Tesla Inc (NASDAQ:TSLA) and its CEL, Elon Musk were sued by an investor who said they fraudulently engineered a scheme to “completely decimate” short-sellers, through Mr. Musk’s proposal to take the EV company private. Short-sellers borrow shares they believe are overpriced, sell them, and then […]
Tesla (NASDAQ:TSLA) Shareholders are Taking Aim at Elon Musk $TSLA, $MS Shareholder lawsuit filed in Delaware seeking class action status The lawsuit accused the board of corporate waste and Musk, the company’s CEO/COB, of unjust enrichment. Tesla (NASDAQ:TSLA) said in a statement that the lawsuit “seeks to take the power from our shareholders and instead […]
Marijuana Stocks Have a Dark Secret The Marijuana industry is growing, and investors are beginning to take notice. According to Cowen & Co., legal Marijuana sales in the US have the opportunity to reach $50-M annually by Y 2026. Analysts are projecting compound annual growth of 26% in North America through Y 2021. Few American […]
Rio Tinto has formally opened its new $US338 million Silvergrass iron ore mine in Western Australia’s Pilbara region. The 10 million tonne per annual operation is the company’s 16th mine and represents the first new iron ore mine in Australia since the opening of Gina Rinehart’s Roy Hill mine. Rio Tinto chief executive Jean-Sebastien Jacques […]
US mining giant Freeport McMoRan has signaled it believes a breakthrough agreement allowing it to continue operating a massive gold and copper mine in Indonesia will win the approval of Rio Tinto. Indonesian Energy and Minister Resources Minister Ignasius Jonan said on Tuesday that after “tough negotiations” Freeport had agreed to give up its majority stake […]
Gawk Inc. announces long term Investor Relations agreement with Growth Circle, Inc. $GAWK Los Angeles, January 19, 2017 — GAWK Inc. (OTC PINK: GAWK) CEO Scott Kettle is pleased to announce that GAWK in its commitment to pro-active shareholder communication has retained the services of Growth Circle for long-term Investor Relations services. “We have always […]
GrubHub’s (NYSE:GRUB) CEO Killed His Company and Investors $GRUB CEO Matt Maloney last week found a new way to destroy the wealth of investors in Grubhub Inc (NYSE:GRUB). How: Mr. Maloney urged supporters of President Elect Donald Trump to quit the company he leads, or hang on, will not lead for long. The company’s stock […]
Economic Watch Shows China’s Economy is Stable China’s rising M-M inflation and narrower decline in producer prices in August have provided fresh evidence of a steadying economy, experts said. China’s consumer price index (CPI), a main gauge of inflation, rose 0.1% in August on a M-M basis, the National Bureau of Statistics (NBS) announced last […]