Experts say value of Tesla brand and its stock ‘going down every day’

For Elon Musk and Tesla Inc., the blows from Wall Street came one after another last week — a relentless barrage that left the stock so beat up that some now wonder if it can ever regain its status as the ultimate 21st century disrupter. Morgan Stanley threw the biggest blow, declaring that in a worst-case scenario, Tesla’s shares could sink to More...

by SLPundit | Published 3 hours ago
By SLPundit On Saturday, May 25th, 2019
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Boeing faces SEC probe tied to 737 Max troubles

WASHINGTON—The U.S. Securities and Exchange Commission is investigating whether Boeing Co. properly disclosed issues tied to the grounded 737 Max jetliner, according to people familiar with the matter, as regulators More...

By SLPundit On Saturday, May 25th, 2019
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Men are paying sixfold markups to feel cool about buying generic Viagra

Startups selling sexual-wellness drugs and treatments for baldness have upended the way medicine is sold over the internet, but their customers are paying heavily marked-up prices. Hims Inc. and Roman Health Medical, More...

By SLPundit On Friday, May 24th, 2019
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Cannabis firm run by Wall Street executives starts trading in Canada

A U.S. pot company run by former executives from Goldman Sachs Group Inc. and Bank of America Corp. will begin trading in Canada Monday with a market value of almost $ 1 billion. Ayr Strategies Inc., which will More...

By SLPundit On Friday, May 24th, 2019
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Longshore workers issues strike notice for Monday at two Vancouver terminals

VANCOUVER – Longshore workers have issued 72-hour strike notice that could see two Port of Vancouver container terminals behind picket lines by Monday. Jeff Scott, chair of the B.C. Maritime Employers Association, More...

By SLPundit On Friday, May 24th, 2019
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Trump linking Huawei sanctions with trade Defies Security Claims

President Donald Trump says he may resolve a dispute over Huawei Technologies Co. as part of a trade agreement with China, yet doing so would undercut U.S. assertions the company poses a national security threat. Days More...

By SLPundit On Friday, May 24th, 2019
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U.S. refiners face summertime hurdles amid heavy oil shortage

A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for summer driving season. In the Gulf Coast, dwindling heavy oil supplies have More...

By SLPundit On Friday, May 24th, 2019
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TSX rebounds on trade optimism, crude oil has worst week of the year

TORONTO – Canada’s main stock index ended a two-day skid as a flash of optimism on trade lifted oil prices, but not enough to prevent the worst week for crude this year. The July crude contract was up More...

By SLPundit On Friday, May 24th, 2019
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Most actively traded companies on the TSX

Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,230.04, up 65.43 points). Stornoway Diamond Corp. (TSX:SWY). Materials. Down 3.5 cents, or 63.64 per cent More...

By SLPundit On Friday, May 24th, 2019
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Apple confirms ECG app for smartwatch coming to Canada but timing isn’t known

TORONTO – Apple Inc. confirms that previously announced software that enables its latest smartwatch to perform electro-cardiograms has received Canadian approval but declines to predict when it will be available More...