Jared Kushner’s new fund plans to invest Saudi money in Israel

Jared Kushner’s new private equity fund plans to invest millions of dollars of Saudi money in Israeli startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $3 billion, including a $2 billion commitment from the kingdom’s sovereign wealth … Read more

Jared Kushner’s new fund plans to invest Saudi money in Israel

Jared Kushner’s new private equity fund plans to invest millions of dollars of Saudi money in Israeli startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $3 billion, including a $2 billion commitment from the kingdom’s sovereign wealth … Read more

Morgan Stanley is a big winner from Musk’s Twitter deal

New York CNN Business — Even the richest person in the world need financial advice. This is great news for Morgan Stanley, the investment bank of choice for Elon Musk. Morgan Stanley (MRS) advised the Tesla (TSLA) CEO on his $44 billion acquisition from Twitter (TWTR). The bank also helped secure $25.5 billion in financing … Read more

Falling Japanese Yen Raises Potential for Broader Market Troubles

The Japanese yen fell to its lowest level in 20 years against the US dollar. This could be bad news for markets far beyond Tokyo. Traders around the world are watching the rise and fall of the yen not only to follow the Japanese markets, but also to gauge the mood of investors globally. Usually, … Read more

Falling Japanese Yen Raises Potential for Broader Market Troubles

The Japanese yen fell to its lowest level in 20 years against the US dollar. This could be bad news for markets far beyond Tokyo. Traders around the world are watching the rise and fall of the yen not only to follow the Japanese markets, but also to gauge the mood of investors globally. Usually, … Read more

AT&T shareholders who sell shares of Warner Bros. face tax complexities

Text size AT&T shares are up 10% since April 8. Stefani Reynolds/AFP via Getty Images Since AT&T spin-off of its 71% stake in Discovery of Warner Bros. to its shareholders on April 8, many AT&T investors considered selling their Warner Bros. shares. to buy more AT&T for higher revenue. Calculation of AT&T’s cost basis (ticker: … Read more

Tesla stock price jumps after record earnings report

You’re here Inc. TSLA 7.97% Shares jumped on Thursday after the electric vehicle maker posted its highest quarterly profit yet. The stock was up 11% at the open, trading at $1,085 a share. Tesla late Wednesday reported record profit of $3.3 billion for the first three months of the year and signaled that vehicle production … Read more

Peloton increases its subscription price. What this means for the stock.

Text size Platoon XXX Ezra Shaw/Getty Images For years, Interactive Platoon executives called the company’s $39-a-month subscription price “sacred”, “sacrosanct”, and “our golden goose”. No more. The maker of interactive bikes and treadmills told subscribers Thursday it increased the price of its connected fitness subscription for the first time. The subscription, which gives users access … Read more