Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
Tesla's offer to buy SolarCity cements Elon Musk's status as a mad scientist. The electric-car company he runs has bid up to $2.8 billion for the solar-panel installer he also backs. The idea of a renewable-energy roll-up is at best way too early and at worst just plain bonkers.
Musk owns about a fifth of both companies, is a co-founder and chairman of SolarCity and runs $33 billion Tesla Motors. A third Musk enterprise, rocket maker Space Exploration Technologies, has been buying debt in SolarCity, according to a report earlier this year in the Wall Street Journal. The merger proposal raises the financial intricacy toward the level of the circuitry in the SpaceX launch vehicle.
At the high end of the exchange ratio range proposed by Tesla, it would hand over shares worth $28.50 apiece for SolarCity, a company whose stock was trading at about $85 little more than two years ago. But investors don't seem to consider that a bargain. In the hours after the idea of combining the two companies was unveiled, Tesla lost more than $4 billion of market value.