The luxury car maker's stock dropped 20% since the company sold a $1.84 billion convertible bond and almost $900 million of stock on May 2 to raise fresh capital and give it more time to stop losing money. Citi analyst Itay Michaeli, who has a "sell" rating on Tesla, cut his price target to $191 from $238.He pointed to an email Musk sent to employees last week, telling them he would increase cost-cutting, and that the $2.7 billion in recently raised capital would give Tesla just 10 months to break even at the rate it burned cash in the first quarter. "The recent reported internal memo, which seemingly called into question prior guidance, didn't help the risk/reward calculus.

InterDigital Wireless Inc disclosed that it is free to license its 5G network technology to Huawei Technologies Co Ltd despite the threat of a U.S. ban on selling chips and software to the form of the Chinese communications. InterDigital and Qualcomm (QCOM) are the two leading American holders of patents for wireless networking technology, including the 5G networks rolling out this year in China. However, last week President Trump issued a sanction on U.S. firms to sell technology to Chinese counterparts though officials say that some of these restrictions are valid for only 90 days. InterDigital generates revenue by developing wireless technologies and then licenses out its patents.It believes it can still strike the 5G deal with Huawei as export control laws are not applicable to patents, which are public records and therefore not confidential technology. The same is the situation with Qualcomm who too generates revenue by licensing out patents which only means that the

However, the timeline for the said closures is yet to be disclosed. Over the past decade, Ascena’s portfolio is made up of apparel brands through acquisitions including plus-size retailer Lane Bryant and women's apparel brand Ann Taylor.But as stores and shopping have mostly shifted online, Ascena is rethinking its strategies for its physical stores to offset debt load. Till July 2018, same-store sales were down 2%, and the company had a total debt of $1.33 billion to recover during the same period.

These small installations are mostly specialized by companies like Tesla (TSLA), Sunrun (RUN), and Vivint Solar (VSLR) while the bigger ones mostly belong to companies like First Solar (FSLR) heavily financed by utilities and asset owners like NextEra Energy (NEP) Partners and TerraForm Power (TERP). Even though it took nearly 40 years to reach the 2 million installations, analysts believe that the next 2 million will take only four years creating more opportunities for investors. According to the Solar Energy Industries Association (SEIA) data, California accounted for 51% of the first one million installations thereby making it the industry hub.For the remaining one million, 43% of the installations are scattered across states like Florida, Texas, and Minnesota. New solar capacity is mostly composed of large-scale projects accounting for 58% of the 10.6 gigawatts of solar power installed for utility-scale projects in 2018.

Home renovation and improvement store Lowe’s has cut its full-year profit forecast after reporting disappointing first-quarter earnings, in part, due to cost increases. “Because of ... the transition of our merchandising team, we literally had no visibility to those cost increases until the inventory that was increased in cost hit the P&L,” Ellison said on a post-earnings call with analysts.  "We are doubling our efforts, making sure we limit the number of surprises that will get us in the future,” he said.  Excluding one-time items, the company earned $1.22 per share in the three months ended May 3, missing analysts’ average estimate of $1.33, according to IBES data from Refinitiv. Overall, net sales rose 2.1% to $17.74 billion, beating expectations of $17.66 billion. 

The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.   

A consumer watchdog group in the U.K. said on Wednesday that Apple has agreed to clearly notify consumers if future iOS software updates slow down or change the performance of an iPhone.

Federal Reserve officials remained firmly committed to a “patient” policy stance at their meeting earlier this month, saying rates likely will remain unchanged well into the future.

Ireland’s data privacy watchdog on Wednesday announced the launch of an inquiry into Google over the tech giant’s collection of data when it comes to online advertising.

The retail company also lowered its fiscal-year guidance, while admitting its missteps with customers. The company's adjusted earnings for the quarter came in at 23 cents per share, falling heavily behind analysts’ expectations of 42 cents. Sales of $3.4 billion also fell short of analysts’ estimates of $3.6 billion.They were also lower than the year-ago quarter’s $3.6 billion. Co-president Erik Nordstrom said that the company had “executional misses” with its customers, and that it is taking steps to turn things around and improve customer services.  For the full fiscal year, Nordstrom revised down its earnings forecast to a range of $3.25 to $3.65 a share, compared to prior guidance of $3.65 to $3.90.

The retail behemoth also reiterated its guidance for the full-year. Adjusted earnings for the three months ending in April came in at $1.53 per share, which represents a +15% surge from the same period last year and is higher than analysts’ estimates of $1.43 per share (based on Refinitiv data). Total revenue increased just under +1% to $17.63 billion, exceeding analysts' estimates of $17.52 billion.Online sales now account for 7.1% of Target’s retail sales, up from 5.2% a year ago. For full fiscal year 2020 (ending in early January), Target expects low to mid-single digit growth for same store sales.

Penney (NYSE: JCP) recently posted its third straight quarter of negative comparable-store sales, dousing hopes that CEO Jill Soltau, who took the top job last October, would halt the retailer's downward spiral.J.C. Penney's comps declined 5.5% in the first quarter as its revenue fell 5.6% to $2.44 billion.

Target’s CEO thinks the retail industry is shaking out to show clear winners and losers. 

Nordstrom, Inc. JWN 7.82% shares are getting pummeled, passing a 52-week low in the after-hours session after reporting a disappointing first quarter.

The home improvement retail giant also lowered its projection on  full-year earnings. Earnings for the three months ending in April came in at $1.22 per share, weaker than the Street consensus expectations of $1.33 per share.They were, however, +2.5% higher from the year-ago period. The company's total revenue increased +2.2% year-over-year to $17.7 billion in the quarter, edging past analysts' estimates of $17.48 billion.

Analyst Rafe Jadrosich also upped his price target to $180 from $150. In a note to investors, Jadrosich mentioned earnings per share growth opportunity from Decker’s share buybacks, and low-to-mid single digit revenue growth (largely driven by the company’s HOKA brand) as factors behind the analyst’s optimism.According to the analyst, HOKA is expected to grow +40% in fiscal year 2019, thanks to new product offerings and market share gains in the running specialty segment.  Jadrosich  believes that gross margin of Decker’s brand UGG could be at its peak, and that there is operating margin opportunity from cost savings and improving HOKA margins.

That includes $45 per share in cash – which represents a +47% premium over Circor stock’s Monday closing price of $30.66. According to Crane, it had earlier proposed the all-cash deal to Circor President and CEO Scott Buckhout on April 30, but got rejected by the company's board.But now, Crane has brought out its latest offer to Circor shareholders as well, hoping that they would convey their thoughts on it directly to the Circor Board (as indicated by Max Mitchell, Crane's president and CEO, in a statement). Crane has Wells Fargo Securities as its financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP as its legal advisor foe the deal.  

Intuit is expected to release its fiscal third-quarter 2019 results on May 23. The business and financial software company's own projection on the quarter's non-GAAP earnings ranges between $5.35 and $5.40 per share.According to Zacks Consensus Estimate, the figure is expected to be $5.41 - reflecting a potential +12.24% year-over-year growth. While Intuit expects year-over-year revenue growth for the quarter to come in the range of +10-12%, the Zacks Consensus Estimate suggests +10.61%. A key factor believed to be bolstering Intuit’s growth is its Quickbooks Online business.

The escalating trade war between China and the U.S. could increase pressure on the overall economy, according to Boston Fed President Eric Rosengren. The central bank official said in prepared remarks Tuesday that the ongoing conflict between the world’s largest economies is a “prominent downside risk,” and added that it seems to be an “important reason for policymaker patience until this source of uncertainty is more resolved.”

Tesla shares are careening out of control this year. The electric car maker has skidded nearly 40% in 2019, tracking for its worst annual performance ever.The stock tumbled again Tuesday after Morgan Stanley slashed its bear case to $10 a share, down from $97, on concerns about increased debt and exposure to China.