Tesla Board WeighsMusk’s Go-Private Gambit Doubted by the Market
August 29, 2018

Wall Street and Washington have the same question for Elon Musk: Where’s the money?

Two days after he vowed on Twitter that he had “funding secured” for a spectacular $82 billion deal to take Tesla Inc. private, he has offered Continue reading

Mueller Wants Manafort Jury to Hear of Lobbying Decades Ago
August 4, 2018

U.S. Special Counsel Robert Mueller argued that jurors who will weigh whether Paul Manafort illegally lobbied for Ukraine should also hear about his work three decades ago for Saudi Arabia and other nations.

Manafort, President Donald Trump’s former campaign chairman, Continue reading

Mnuchin Sees Solid Treasuries Demand After Record U.S. Borrowing
May 17, 2018
  • Treasury sees stage set for growth pickup over near term
  • CBO sees U.S. budget deficit rising to $1 trillion by 2020

U.S. Treasury Secretary Steven Mnuchin said he’s unconcerned about the bond market’s ability to absorb rising government debt after Continue reading

Ex-Speaker John Boehner Joins Marijuana Firms Advisory Board
April 23, 2018
  • Former Massachusetts Governor William Weld also added
  • Watershed moment for cannabis as drug goes mainstream

The U.S. marijuana industry has a new spokesman: John Boehner.

The Republican former Speaker of the House has joined the advisory board of Acreage Holdings, 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

Fed Lifts Rates, Steepens Path Through 2020 for More Hikes
March 24, 2018
  • Split FOMC continues to see three rate increases in 2018
  • Policy makers boost economic growth forecasts for 2018, 2019

Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast Continue reading

New Hedge-Fund Tax Dodge Triggers Wild Rush Back Into Delaware
March 13, 2018

Wall Street’s fast-money crowd is returning to well-trodden ground to elude Trump-era tax laws: Delaware.

Since late 2017, hedge fund managers have created numerous shell companies in the First State, corporate America’s favorite tax jurisdiction. These limited liability companies share Continue reading

Muellers Move on Ex-Skadden Lawyer Puts Heat on Manafort, Gates
February 25, 2018

U.S. Special Counsel Robert Mueller intensified legal pressure on ex-Trump campaign chairman Paul Manafort and his deputy, Rick Gates, by filing a false-statements case against a lawyer who did Ukraine-related work with the two men.

Prosecutors accused the attorney, Continue reading