The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
Tesla's chief accounting officer, Dave Morton, has resigned after just a month, citing "the level of public attention placed on the company," the carmaker said in an 8K filing.
News of Morton's quick departure follows CEO Elon Musk's bizarre weed-and-whiskey interview with Joe Rogan.
"Since I joined Tesla on August 6, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations," Morton said in the filing. "As a result, this caused me to reconsider my future. I want to be clear that I believe strongly in Tesla, its mission and its future prospects, and I have no disagreements with Tesla's leadership or its financial reporting."
Tesla shares were down 9 percent in Friday's premarket, eventually closing down 6 percent for the day. A Tesla rep declined to comment beyond the 8K filing.
Tesla announced Morton's hire on July 30. His resignation became effective the past Tuesday, according to the filing. Before joining Tesla, Morton was chief financial officer of Seagate Technology, where he worked since 1995.
This isn't the only executive shakeup at Tesla in recent weeks. Tesla's chief human resources officer, Gaby Toledano, took a leave of absence in August after 15 months on the job. She announced Friday morning that she would not return to work at the company, according to Bloomberg.
This story is developing. Please check back for updates.