Musk’s next move; brokers fail to report trouble
The Tesla chief wants to get into military satellite launching. Plus, brokers failing to report trouble to Finra, stocks (and Costco earnings) drop, the Citi/Oceanografia plot thinkens, who you should follow on Twitter, and more.
Today’s guest chef: Mason Braswell
- The next frontier? Tesla’s chief executive Elon Musk, who also serves as chief executive of rocket market Space X, is making a push to get into the business of launching military satellites. Billionaire Musk makes push to launch military satellites
- The record shows….apparently not everything. A Wall Street Journal analysis finds brokers failing to fess up. Stockbrokers fail to disclose red flags
- The Dow inched down as investors turned attention back to the U.S. economy and jobs after a report on service-sector activity disappointed. Dow retreats as focus turns to economy
- Costco earnings missed estimates. The membership warehouse blamed lower margins on products sold around the holiday season. Revenue was up, but the stock wasn’t. Costco Wholesale Q2 profit drops 15%
- The plot thickens for Oceanografia, the company that reportedly fleeced Citigroup of nearly $400 million, as creditors size a 180-meter ship called the Goliath off the Gulf Coast. Oceanografia creditors seize ship off Gulf of Mexico coast
- Is this the end for Bitcoin? One reporter argues yes. The doomsday cult of bitcoin
- Just getting into the twitter game and trying to figure out who to follow? Check out this list of 250 influencers in financial services.
- If you’re a burned out hedge fund millionaire addicted to golf, what do you do? Start a company, of course. Quad Capital golf addict with finance burnout creates BirdieBox
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