The Goldman Lunch That Set the Scene for 1MDB’s Money Probe
July 5, 2018

In a private dining room at Singapore’s Taste Paradise restaurant, over a meal of abalone and suckling pig, two Goldman Sachs Group Inc. bankers were explaining a $1.75 billion bond offering to six executives of a Swiss bank.

It was Continue reading

Plain English Powell Praises U.S. Economy After Rate Hike
June 15, 2018

Federal Reserve Chairman Jerome Powell signaled growing optimism on the U.S. economy while trying to reassure investors that the central bank would not derail the country’s second-longest expansion by aggressively tightening monetary policy.

Fed officials on Wednesday raised interest rates Continue reading

Trump Assails FBI Raid on His Lawyers Office as Disgraceful
April 13, 2018
  • Cohen paid $130,000 to Stormy Daniels in ‘hush agreement’
  • Raid signals criminal probe by FBI, but its target is unclear

President Donald Trump condemned as “disgraceful” an FBI raid on the office and hotel room of his longtime lawyer and Continue reading

Tesla Asks for Model 3 Factory Volunteers to Prove Haters Wrong
April 2, 2018
  • Some Model S and X workers may switch to Model 3 line Friday
  • Reaching goal would be ‘incredible victory,’ executive says

Tesla Inc. exhorted its factory workers to prove wrong the “haters” betting against the company and is letting a Continue reading

GE Jumps Most in Two Months on Speculation Buffett Will Invest
April 2, 2018
  • Wall Street analyst says chatter ‘may be a plausible theory’
  • No comment from companies; billionaire helped rescue GE in ’08

It started swirling through the markets early in the morning. One trader after another passed it on, irrespective of whether Continue reading

Saudis, SoftBank Plan World’s Largest Solar Project
April 1, 2018
  • Venture may cost $200 billion, add 100,000 jobs in the kingdom
  • Plan envisions 200GW of solar capacity in Saudi Arabia by 2030

Saudi Arabia and SoftBank Group Corp. signed a memorandum of understanding to build a $200 billion solar power Continue reading

What Model 3 Drivers Are Loving and Hating
March 27, 2018

One thing hasn’t changed as Tesla Inc. has crept from high-priced luxury-car maker toward mass-market manufacturer: Elon Musk’s heavy reliance on media buzz to bring attention to his electric cars.

Nearly eight months have passed since Musk handed over the Continue reading