BGR

Elon Musk laughs off the idea of Apple buying Tesla
BGR
During the first three months of 2017, Apple managed to add a cool $10 billion to its bank account. When the company released its earnings report earlier this week, it revealed that its cash on hand now totals more than a quarter of a trillion dollars
Tesla's Earnings Report Once Again Featured Big Promises That Left Bears UnappeasedTheStreet.com
Tesla just made a disastrous pivot on the Model YBusiness Insider
2 New Details About Tesla's Forthcoming Model Y CrossoverMotley Fool
Washington Post –Reuters
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Washington Post

GOP-led House panel votes to overhaul Dodd-Frank
Washington Post
WASHINGTON — House Republicans took a major step toward their long-promised goal of unwinding the stricter financial rules created after the 2008 crisis, pushing forward sweeping legislation that would undo much of President Barack Obama's landmark …
House panel approves GOP Dodd-Frank rewriteThe Hill
Jeb Hensarling's Financial Choice Act Looms Over Dodd-Frank's FutureU.S. News & World Report
Next On The Chopping Block For House Republicans: Post-Crisis Bank RegulationsHuffington Post
Salon –Fox Business –The Atlantic
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Bloomberg

Buffett Discloses Reduced IBM Stake Ahead of Berkshire Meeting
Bloomberg
Warren Buffett gave Berkshire Hathaway Inc. investors something to talk about at the company's annual meeting this weekend: He sold about a third of Berkshire's investment in computer-services giant IBM. Berkshire reduced the stake during the first and …
Markets Live: Commodities crash ASX partyThe Sydney Morning Herald
Warren Buffett says he sold a third of stake in IBM -CNBCNasdaq
Warren Buffett Is Selling IBMSeeking Alpha

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BBC News

Shake Shack shares fall after sales go cold
BBC News
Shares of burger and milkshake chain Shake Shack sank by as much as 15% in after-hours trading after it posted an unexpected sales decline. The fast food company said revenue at existing stores fell 2.5% after cold weather in the US Northeast hurt sales.
Shake Shack Tumbles After Cold Weather Hurts Restaurant TrafficBloomberg
Shake Shack Sinks 7% After Q1 Comps DisappointForbes
Shake Shack Gets Pounded – This Is the One Number Wall Street Isn't LikingTheStreet.com

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Elon Musk tries to 'anti-sell' Tesla's Model 3
Seattle Times
Two months before the electric-car maker plans to begin production of its first vehicle to sell for near mass-market prices, CEO Musk told investors he's concerned expectations are too high. Share story. By. Dana Hull. Bloomberg News. An unlikely

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Bloomberg

Apple Makes $1 Billion Commitment Toward More U.S. Manufacturing Jobs
Bloomberg
San Francisco (AP) — Apple is getting more aggressive about emphasizing its role in the U.S. economy, apparently hoping to counter recurring criticism over its reliance on overseas factories. On Wednesday, Apple for the first time released a state-by
Apple plans to spend $1 billion to support advanced manufacturing jobs in the USWashington Post
Apple's investing $1 billion to expand US jobs—here's how many it's created so farCNBC
Apple to invest $1B in 'manufacturing fund' to create U.S. jobsUPI.com
CBS News –CNBC –Apple
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Charlotte Observer

Santa Fe voters reject soda tax, hand rare win to industry
Charlotte Observer
Voters in New Mexico's capital city rejected a tax increase on sweetened beverages Tuesday, handing a rare victory to the soft-drink industry after a string of recent defeats. The tax failed with 11,533 votes against and only 8,382 votes in favor, the
The Latest: Voters reject soda tax in Santa FeWashington Post

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Reuters

Dollar steady with eyes on Fed for rate clues; kiwi firmer
Reuters
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo. By Masayuki Kitano | SINGAPORE. SINGAPORE The dollar traded …
Asia markets mixed after Wall Street gains, oil rebounds, as Fed eyedCNBC
European Stocks Set For Mixed Open as Apple Earnings Test Global RallyTheStreet.com
Asian Markets Mixed Ahead Of Fed DecisionNasdaq
DailyFX
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New York Times

US Auto Boom Seems to Be History, Just as Trump Counted on Jobs
New York Times
Robots painting a car body at the Chrysler plant in Sterling Heights, Mich. Fiat Chrysler sales fell 7 percent in April. Credit Jim West/Report Digital Rea/Redux Pictures. For seven years, the steadily expanding auto industry has helped drive the
Stock indexes rise a little, but automakers dropLos Angeles Times
Slowing auto sales weigh on stocksThe Boston Globe
Stocks struggle as slowing auto sales worry Wall StreetNew York Daily News

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Barron’s

Apple's 2Q Earnings: Cook Says India "Moving Fast" As Currency Hurts China
Barron’s
The timeline for growth in India and the impact of currency weakness in China were hot topics in Apple's second-quarter conference call with analysts. By. Dimitra DeFotis. May 2, 2017 7:49 p.m. ET. Text Size; Regular; Medium; Large. Apple (AAPL)'s
Apple: Just Not Good EnoughSeeking Alpha
Apple sells fewer iPhones as consumers wait for big upgradeThe Boston Globe
PRESS RELEASE May 2, 2017 Apple Reports Second Quarter ResultsApple Newsroom (press release)

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