BBC report: The traditionally volatile stock has continued to experience price swings: But since reaching a low for the year in March, Tesla’s share price has been on an upwards trajectory that accelerated in August. Tesla’s share price, which rose 4.6% in morning trading to $545.62, has helped blast its CEO Elon Musk into the upper stratosphere of Bloomberg’s Billionaire Index.
As of Tuesday, Musk’s net worth had risen $7.24 billion to more than $128 billion: Only Amazon’s Jeff Bezos stands in his way to becoming the world’s wealthiest person. Tesla shares have been fueled over the past week by news that it will be added to the S&P 500 index in December:
Since Friday, the company has added more than $52 billion to its market cap — the equivalent of adding nearly one and a half Ford Motor Co., to its valuation.
According to Fox News …………”Video released by police on Tuesday shows several looters ransacking a technology store along Roosevelt Boulevard in Northeast Philadelphia just hours after Wallace Jr., 27, was fatally wounded during a confrontation with police.”
According ReutersBiz today …………..OxyContin maker Purdue Pharma pleads guilty to criminal charges: During a court hearing conducted remotely on Tuesday before U.S. District Judge Madeline Cox Arleo in New Jersey, Purdue pleaded guilty to three felonies covering widespread misconduct: The criminal violations included conspiring to defraud U.S. officials and pay illegal kickbacks to both doctors and an electronic healthcare records vendor, all to help keep medically dubious opioid prescriptions flowing:
According to Reuters today Home Depot reaches $17.5 million settlement over 2014 data breach: The settlement with 46 U.S. states and Washington, D.C. related to a breach between April 10, 2014 and Sept. 13, 2014 that allowed hackers to obtain information belonging to customers who used self-checkout lanes at the retailer’s stores:
SANTA ANA (CBSLA) – A COVID-19 exposure among air traffic control staff at John Wayne Airport in Santa Ana is forcing the airport to operate at a reduced capacity for the next several days.
John Wayne will close its control tower early for the next several days and reduce the airport’s maximum hourly arrival rate through Sunday: Air traffic control staff were exposed to a person with coronavirus, the Federal Aviation Administration confirmed to CBSLA Tuesday: