Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Tesla said Friday it increased the size of the stock and bond offering that electric car maker announced a day before and that CEO Elon Musk intends to buy even more equity.
The company is selling 3.1 million shares at a price of $243 per share through underwriters Goldman Sachs and Citigroup, according to filing. That's up from the 2.7 million shares previously expected to be sold at the offering. The company also said it was boosting its convertible notes offering to $1.6 billion, according to filings.
Musk now intends to purchase up to 102,880 shares in stock worth $25 million, more than double his previous indication to buy 41,896 shares. The updated figures bring the total value of the offering to about $2.7 billion, up from the $2.3 billion expected following the Thursday announcement.
"As for the upsize of the deal - it's usually driven by greater demand. When they shop around the deal and it ends up being larger, it's usually because there's significant demand," Nomura Instinet analyst Christopher Eberle told CNBC in an email.
"As for why now? I think a better question is 'why not now?' It was pretty well telegraphed after the autonomous driving day that they were going to do a cap raise," Eberle added. "Rather than let the rumors dictate the movement of the stock, it's better to just stop delaying the inevitable and get it done. This buys them some breathing room for the next several quarters in the case of a weaker demand environment."
Wall Street's positive reception on Thursday to Tesla's plans to raise additional capital may have encouraged the underwriters to augment the size of the offering. Tesla shares rose 4% Friday following a 4.3% pop on Thursday and was last seen trading at $255.40.