Tesla is suing a former employee for allegedly illegally exporting gigabytes of confidential data, according to a lawsuit filed Wednesday in Nevada. The electric car maker said it is only beginning to understand all of former process technician Martin Tripp’s allegedly illegal activity. The suit said, Tripp “has thus far admitted to writing software that
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If you want to have a financially savvy college student, start talking to your child about money while she’s still in diapers. It’s never too early to begin talking to your kids about financial literacy, said certified financial planner Marguerita M. Cheng, CEO and co-founder of Blue Ocean Global Wealth in Gaithersburg, Maryland. “The key
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South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen. The Seoul-based operator said on Twitter that the stolen coins would be covered from Bithumb’s own reserves and that all users’ assets are being transferred to safer “cold wallet.” Tweet 1:
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Check out the companies making headlines after the bell: Walgreens Boots Alliance stock increased as much as 4.5 percent in extended hours trading, before giving up some of its gains. The pharmaceutical store chain is set to join the Dow Jones industrial average prior to trading on June 26, replacing long time Dow member General
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Oracle reported better-than-expected earnings for its fiscal fourth quarter after customers spent more money on cloud services. The stock rose slightly in extended trading after falling 0.5 percent to $46.27 at the close. But after the company provided guidance, the stock tumbled. Here are the numbers: Earnings: Excluding certain items, 99 cents per share vs.
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It also extends a broader Trump administration pattern of stepping back from international agreements and forums under the president’s “America First” policy. Since taking office, the administration has announced its withdrawal from the Paris climate accord, the U.N. educational and cultural organization and the Iran nuclear deal. Other contentious moves have included slapping tariffs on
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Despite the dominance of large technology companies in the stock market’s gains over the last year, small company stocks are forecast to do better if trade war fears come to pass. Small company stocks have already been outperforming the broad market because of tax cuts and regulatory reform. The iShares ETF tracking the Russell 2000
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The most common way financial assets are forgotten, and then “escheated” by the state, is by not organizing your financial affairs and leaving investment accounts at multiple financial institutions. Escheat occurs when unclaimed financial assets, such as those in a bank or investment account, have been dormant for a long period of time. These assets
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Giulia Marchi | Bloomberg | Getty Images Signage is displayed at the ZTE headquarters in Shenzhen, China, on Monday, June 4, 2018. The Senate easily passed a military funding bill that would reimpose sanctions on Chinese telecommunications company ZTE, challenging a controversial deal negotiated by the Trump administration to save the company from possible bankruptcy.
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FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. Tesla continues to struggle with controversy. Over the weekend, actress Mary McCormack shared a video of her husband’s Tesla car on fire in Southern California. On
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U.S. online survey company SurveyMonkey on Monday said it had confidentially registered for an initial public offering with the Securities and Exchange Commission, through its parent SVMK. The number of shares to be offered and the price range for the proposed offering have not yet been determined, the company said. In May, sources told Reuters
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