Tesla Cars Only Reach Half the Range Advertised, Drivers Claim
Musk’s Tesla is facing legal battle with drivers over claims company falsely advertised how many miles its electric cars can travel on full battery.
Elon Musk Says Treasury Bills Are ‘No-Brainer’
Musk, CEO of Tesla Inc. and owner of X, social-media platform formerly known as Twitter, said that short-term Treasury bills are “a no-brainer.”
BofA Clients Turn Cautious, Flee From Stocks on Recession Risks
Bank of America Corp.’s clients are fleeing equities as the risk of an economic contraction remains high, strategist Michael Hartnett said.
Fitch Downgrades Fannie Mae and Freddie Mac One Notch to AA+
Fitch Ratings downgraded the credit scores of Fannie Mae and Freddie Mac to AA+ from AAA, a day after it cut the US sovereign credit rating.
UBS Lays off Credit Suisse Investment Bank Staff, Closes Houston Office -Source
The office in Houston used to lead business with the oil industry, which will now be covered by New York.