By , (Reuters) - Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla’s headquarters and future programs from the state to Texas or Nevada.Musk has been pushing to re-open Tesla’s Fremont, California, factory after Alameda County’s health department said the carmaker must not reopen because local lockdown measures to curb the spread of the coronavirus remain in effect.In a blog post on Saturday, Tesla said the county’s position left it no choice but to take legal action...…By , (Reuters) - Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla’s headquarters and future programs from the state to Texas or Nevada.Musk has been pushing to re-open Tesla’s Fremont, California, factory after Alameda County’s health department said the carmaker must not reopen because local lockdown measures to curb the spread of the coronavirus remain in effect.In a blog post on Saturday, Tesla said the county’s position left it no choice but to take legal action...WW…

By , (Reuters) - Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla’s headquarters and future programs from the state to Texas or Nevada.Musk has been pushing to re-open Tesla’s Fremont, California, factory after Alameda County’s health department said the carmaker must not reopen because local lockdown measures to curb the spread of the coronavirus remain in effect.In a blog post on Saturday, Tesla said the county’s position left it no choice but to take legal action...…By , (Reuters) - Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla’s headquarters and future programs from the state to Texas or Nevada.Musk has been pushing to re-open Tesla’s Fremont, California, factory after Alameda County’s health department said the carmaker must not reopen because local lockdown measures to curb the spread of the coronavirus remain in effect.In a blog post on Saturday, Tesla said the county’s position left it no choice but to take legal action...WW…

By , Slideshow (Reuters) - GameStop and other “meme stocks” mounted a late-day rally on Monday, with shares of the video game retailer climbing nearly 32% at one point on little apparent news.Shares of the videogame retailer, along with other stocks favored by retail investors congregating in online forums such as Reddit’s popular WallStreetBets, have roared back in recent sessions after a wild ride in which they soared in late January and tumbled early last month.Along with GameStop, which pared gains to close up 18.3%, cinema chain AMC Entertainment finished up 14.6% and headphone maker...…By , Slideshow (Reuters) - GameStop and other “meme stocks” mounted a late-day rally on Monday, with shares of the video game retailer climbing nearly 32% at one point on little apparent news.Shares of the videogame retailer, along with other stocks favored by retail investors congregating in online forums such as Reddit’s popular WallStreetBets, have roared back in recent sessions after a wild ride in which they soared in late January and tumbled early last month.Along with GameStop, which pared gains to close up 18.3%, cinema chain AMC Entertainment finished up 14.6% and headphone maker...WW…

By , NEW YORK (Reuters) - Investors gave their approval on Monday to U.S. President-elect Joe Biden’s pick of former Federal Reserve Chair Janet Yellen to be the next Treasury secretary, touting her experience at the central bank as critical to helping the country weather coronavirus-fueled economic struggles.U.S. stocks added slightly to gains after reports that Yellen, who chaired the Fed from 2014-2018, would become the first woman to lead the Treasury, if she is confirmed.“It’s a very good pick because she has familiarity with the markets and will work well with the Fed, given her long...…By , NEW YORK (Reuters) - Investors gave their approval on Monday to U.S. President-elect Joe Biden’s pick of former Federal Reserve Chair Janet Yellen to be the next Treasury secretary, touting her experience at the central bank as critical to helping the country weather coronavirus-fueled economic struggles.U.S. stocks added slightly to gains after reports that Yellen, who chaired the Fed from 2014-2018, would become the first woman to lead the Treasury, if she is confirmed.“It’s a very good pick because she has familiarity with the markets and will work well with the Fed, given her long...WW…

By (Reuters) - Wall Street’s three major indexes closed higher on Tuesday as improving economic data and the prospect of more stimulus bolstered hopes of a swift recovery, while a jump in technology shares powered the Nasdaq to another record high.While all the indexes pared gains late in the session to close below their peaks for the day, the Nasdaq managed to register its fifth record high close this month. Apple Inc provided the biggest boost followed by Amazon.com and Microsoft.Data showed that the pace of contraction in the U.S. manufacturing and services sectors slowed in June as...…By (Reuters) - Wall Street’s three major indexes closed higher on Tuesday as improving economic data and the prospect of more stimulus bolstered hopes of a swift recovery, while a jump in technology shares powered the Nasdaq to another record high.While all the indexes pared gains late in the session to close below their peaks for the day, the Nasdaq managed to register its fifth record high close this month. Apple Inc provided the biggest boost followed by Amazon.com and Microsoft.Data showed that the pace of contraction in the U.S. manufacturing and services sectors slowed in June as...WW…