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  Yahoo Finance

  Why Tesla stock has been on a wild, wild ride

  When it comes to its stock price, Tesla is Screwball Central. If you buy its shares, the only thing you know is that you’re likely to get a wild ride. However, you can’t predict in which direction.

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  Reuters

  Boeing is sued by shareholders following MAX 9 blowout

  Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, prior to the Jan. 5 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9. According to a proposed class action filed on Tuesday, Boeing spent more than four years after the Oct. 2018 and March 2019 crashes of two other MAX planes, which killed 346 people, assuring investors that it was "laser-focused" on safety and would not sacrifice safety for profit. Shareholders said Boeing's statements were false and misleading because they concealed the "poor quality control" on its assembly line, and caused its stock price to be inflated.

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  Reuters

  Netgear sues Huawei in US antitrust case over patent licensing

  Computer networking company Netgear has sued Huawei in California federal court, claiming the Chinese tech giant broke U.S. antitrust law by refusing to license its patents on reasonable terms. The complaint, filed late on Tuesday, also accused Huawei of fraud, racketeering and other offenses for allegedly withholding patent licenses for technology that Netgear's routers require in order to comply with international Wi-Fi networking standards. San Jose, California-based Netgear said Huawei misuses patent-infringement lawsuits to drive up its licensing rates, forcing other companies to "engage in costly litigation and face exclusion from the market or pay Huawei's exorbitant demands."

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  Reuters

  Judge who slashed Elon Musk's pay package known for being tough on Wall Street

  The Delaware judge who rescinded Elon Musk's record $56 billion compensation from Tesla on Tuesday has a reputation for her calm demeanor and demanding standards for corporate behavior. Chancellor Kathaleen McCormick's ruling on Musk's pay follows decisions against a private equity firm that tried to wriggle out of a takeover deal and a CEO who shortchanged his own shareholders when he sold his company. The first woman to lead Delaware's Court of Chancery, the go-to venue for U.S. corporate litigation, has also tangled with Musk before.

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  Bloomberg

  PGA Tour Strikes $3 Billion Deal With John Henry, Steve Cohen

  (Bloomberg) -- The PGA Tour has approved a $3 billion investment by Strategic Sports Group in a new commercial entity, with talks over a Saudi-led deal still ongoing. Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyByron Allen’s Latest Takeover Attempt: Paramount for $14 BillionNovo Nordisk Smashes Past $500 Billion Value on Wegovy Frenzy Microsoft Sales Top Estimates; Cloud G

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  Reuters

  Boeing posts narrower loss, delays outlook; shares gain

  (Reuters) -Boeing Co posted a narrower-than-expected quarterly loss on Wednesday and said it is working hard to regain the confidence of regulators and customers after a mid-air cabin-panel blowout on a 737 MAX aircraft, lifting its shares 3.3%. As expected, CEO Dave Calhoun did not offer a financial or delivery forecast for 2024, stating that the company must focus on delivering quality airplanes. The planemaker, however, reported a better-than-expected revenue and free cash flow, though investors are more likely to focus on the company's expectations as it navigates the current crisis.

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  Bloomberg

  NY Community Bancorp Plunges on Surprise Loss, Dividend Cut

  (Bloomberg) -- New York Community Bancorp plunged a record 46% after reporting a surprise loss tied to deteriorating credit quality and a cut to its dividend.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyByron Allen’s Latest Takeover Attempt: Paramount for $14 BillionNovo Nordisk Smashes Past $500 Billion Value on Wegovy Frenzy Microsoft Sales Top Estimates; Cloud Growth Dis