Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female engineer named Morgan Beller.Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
The president also said he "offered to personally vouch" for Rocky's bail. Sweden, however, does not have a bail system.Politicsread more
CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial...Fast Moneyread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Tesla bulls who say they think the company is going to rule the world of electric cars are not "doing their homework," says one investor who has a large short position on the stock.
"Tesla has absolutely nothing sustainably proprietary, nothing, " said Mark Spiegel of Stanphyl Capital on Monday's edition of "Closing Bell. " "Yet it is losing a massive amount of money with zero direct long-range electric car competition."
And soon it will have direct competition for every product it has, from charging, to Autopilot, to battery technology to cars, he said.
By 2018 or 2019, Mercedes will roll out four electric cars, Porsche and Audi will both have two, and Jaguar and Bentley will have one each, Spiegel said. On the mass market end, Ford is expected to have two models; Volkswagen, five; Hyundai, two.
"By 2021 every single manufacturer will have" an electric car, Spiegel said. "Tesla will go from zero direct competitors to 40 direct competitors," he said.
The comparisons made by Tesla bulls to other once-doubted technology companies like Amazon, don't fit, Spiegel said.
"Other than the very early days, Amazon financed all of its expansion through internal cash flow. All Elon Musk knows how to do is incinerate cash," he said.
Spiegel finished by calling Elon Musk, Tesla's chief executive, "the most deceptive CEO I have ever seen."
"The one credible thing he does say is he doesn't care if Tesla stays in business, if he can electrify the world of cars," Spiegel said.
A Tesla spokeswoman wasn't immediately available to comment.