A former Tesla engineer says the company silenced her entire team after they brought up safety and quality issues (TSLA)

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Martin Tripp, the former Tesla employee being sued by the company, has filed counterclaims including allegations Tesla tried to intimidate him after he spoke out about waste, quality and safety issues. Another former Tesla employee, Cristina Balan, told Business Insider the company silenced her and seven other employees on her team who voiced concern over […]

Netflix sinks to its lowest level in more than 3 months (NFLX)

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Netflix plunged as much as 4.89% Wednesday, hitting its lowest level in more than 3 months. Shares have been under pressure since the streaming giant reported disappointing second-quarter results. Netflix “is in a vicious spiral to the bottom in content spend,” long-standing Netflix bear Michael Pachter recently told Business Insider. Watch Netflix trade in real time […]

Elon Musk may only face a minor fee if the SEC investigates his tweet storm about taking Tesla private — here’s why (TSLA)

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Tesla and its CEO, Elon Musk, aren’t likely to face more than a small fine or stern warning if the SEC ends up launching an investigation and bringing an enforcement action against Musk or the company, Nimish Patel, a partner at the law firm Mitchell Silberberg & Knupp who specializes in corporate and securities laws, told Business Insider. By […]

Members of Tesla’s board of directors are lawyering up as crisis around Elon Musk deepens (TSLA)

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Some members of Tesla’s board of directors are hiring lawyers to protect themselves in the ongoing fallout from CEO Elon Musk’s public declarations about taking the company private. Fellow board members are also urging Musk to cool it with the public statements about a go-private deal, according to a New York Times story published Tuesday […]

Stocks rise as Turkish lira steadies

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Stocks rose Tuesday as investors turned from a currency crisis in Turkey to solid economic data and strong earnings. The dollar and Treasury yields extended gains. Here’s the scoreboard: Dow Jones industrial average: 25,296.43 +108.73 (+0.43%) S&P 500: 2,841.04 +19.11 (+0.68%) Nasdaq Composite: 7,870.47 +50.77 (+0.65%) After a sharp sell-off slashed more than a fifth of its value, Turkey’s […]

Stocks rise as Turkish lira steadies

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Stocks rose Tuesday as investors turned from a currency crisis in Turkey to solid economic data and strong earnings. The dollar and Treasury yields extended gains. Here’s the scoreboard: Dow Jones industrial average: 25,296.43 +108.73 (+0.43%) S&P 500: 2,841.04 +19.11 (+0.68%) Nasdaq Composite: 7,870.47 +50.77 (+0.65%) After a sharp sell-off slashed more than a fifth of its value, Turkey’s […]

What you need to know on Wall Street today

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Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. ‘Tech trendiness’ has spiked to the highest level in 15 years  Anyone watching the stock market knows the tech sector is flying high in seemingly unstoppable fashion. Contrarians […]

The asset manager behind one of the first blockchain ETFs is preparing a $100 million crypto hedge fund even as the market sheds billions

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Reality Shares, the tiny asset manager known for its blockchain exchange-traded fund, is preparing to launch a $100 million cryptocurrency hedge fund. It joins a crowded market of over 300 such funds. Even as the market for digital currencies sheds billion, corners of Wall Street are still hot on the burgeoning new asset class.  Reality […]

Pressure mounts on Tesla as it gets hit with a third securities fraud lawsuit in wake of Elon Musk’s ‘funding secured’ tweet (TSLA)

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Tesla is facing another lawsuit accusing CEO Elon Musk of manipulating the company’s stock price. A complaint filed on Monday in US District Court in California alleges that some investors purchased Tesla stock “at artificially inflated prices and suffered significant losses and damages once the truth emerged” that Musk had not secured the funding necessary to […]