While Musk possesses a fortune worth more than $260 billion, nearly all of it is tied up in Tesla stock and other illiquid assets. He’ll need to borrow money as well as possibly sell Tesla shares to make the deal work.
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New York (CNN Business) After two years of massive losses, US airlines are about to start reporting profits once again. Both American and United reported first-quarter losses but expect to book record revenue in the current period, just two years …
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(CNN) Mortgage rates continued to rise this week, reaching their highest level in more than a decade. The 30-year fixed-rate mortgage averaged 5.11% in the week ending April 21, up from 5% the week before, according to Freddie Mac.
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New York (CNN Business) Last month, the Federal Reserve raised interest rates for the first time since December 2018. Now there are growing expectations that the central bank is about to dramatically step up the size and pace of its rate hikes in order …
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… says he prefers energy and materials over technology stocks. He speaks with Jonathan Ferro on “Bloomberg The Open.” Show less Show more
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