LAS VEGAS (Reuters) — Big automakers have spent several years watching their stock prices drift while the valuations of upstarts such as Uber and Tesla soared.
Continue reading “Automakers strike back at Silicon Valley disruptors”
Rising rents and medical costs lifted underlying U.S. inflation in January by the most in nearly 4-1/2 years, signs of an uptick in price pressures that could allow the Federal Reserve to gradually raise interest rates this year.
Continue reading “U.S. core consumer prices post largest gain in four-and-a-half years”
The banking sell off has a lot of people worried about CoCos. What are they and why do they matter?
Continue reading “Finally, some good news for banks”
Walter Investment Management Corp. (NYSE: WAC) (“Walter Investment” or the “Company”) today announced that David Schneider, EVP of Walter Investment and President, Servicing of Ditech Financial LLC (“Ditech”), will be named President of Ditech with responsibility for leading both the Servicing and Originations businesses, effective immediately. Patricia Cook, EVP of Walter Investment and President, Originations of Ditech, will be leaving the Company.
Continue reading “Walter Investment to Appoint David Schneider President, Ditech Servicing and Originations”
Tesla Motors Inc. TSLA, +0.34% shares seesawed in late-trading Tuesday after the electric-car maker reported a surprise loss in the fourth quarter and lower-than-expected revenue for the quarter.
Continue reading “Tesla shares up 4.6% after surprise quarterly loss”