The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Shares of Beyond Meat jumped nearly 10% Monday, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
Carl Icahn thinks Occidental Petroleum's CEO got played by the Oracle of Omaha himself in the company's effort to buy Anadarko Petroleum.Investingread more
The U.S. Food and Drug Administration has approved the first generic copies of a popular, pricey pill for nerve pain. The agency on Monday said it approved nine generic...Biotech and Pharmaceuticalsread more
Starbucks is licensing its mobile and loyalty program technology in a deal that will give global franchisees the chance to offer the Starbucks mobile app to customers.Restaurantsread more
Tesla's bond price plunged Wednesday to its lowest level since the note was issued last year, sending its yield above 7 percent.
The price drop came a day after Moody's Investors Services cut Tesla's credit rating and changed its outlook to negative, citing doubts about the company's Model 3 production schedule. The credit rating company said the electric car maker will likely have to raise money in the future to meet cash needs.
The falling price of the bond and surging yield means it will be more costly for Tesla to raise funds in the debt market.
Tesla's 5.3 percent bond, issued last August and maturing in 2025, fell to 86.478 cents in trading Wednesday, with a yield of 7.7 percent, according to IHS Markit.
Moody's lowered its corporate rating on Tesla to B3 from B2 and lowered its rating on senior notes to Caa1 from B3.
Shares of Tesla were also sinking after the National Transportation Safety Board said it was investigating a fatal Tesla car crash. They fell 7.7 percent on Wednesday and 14.5 percent this week.