Goldman: Something strange is happening with the US economy that could cause interest rates to jump

America’s budget deficit and unemployment rate are heading in opposite directions — something that’s never happened during post-World War II peacetime and could cause a significant jump in interest rates. Goldman Sachs projects, for instance, that the 10-year Treasury note could be yielding 3.6 percent next year. The deficit increase …

Tesla has registered a new electric car firm in Shanghai as China prepares to scrap rules on capping foreign ownership

Tesla Inc (TSLA.O) has registered a new electric car firm in Shanghai, as China prepares to scrap rules on capping foreign ownership of new-energy vehicle (NEV) ventures. The new company, Tesla (Shanghai) Co Ltd, was registered on May 10, according to a filing with the National Enterprise Credit Information Publicity …

Cramer calls Nvidia’s billionaire, Taiwanese-American CEO the ‘Einstein of our era’

CNBC’s Jim Cramer praised Nvidia’s billionaire CEO Jensen Huang ahead of the computer chipmaker’s quarterly earnings after Thursday’s closing bell on Wall Street. The “Mad Money” host characterized the Taiwanese-American entrepreneur, who co-founded the Silicon Valley company in 1993, as a “visionary” and possibly the “[Albert] Einstein of our era.” …

Musk puts his money where his mouth is, buys $10M in Tesla shares

On Monday, the CEO of Tesla Inc. (TSLA) bought 33,000 shares worth about $9.85 million in the electric car maker, according to a SEC filing. Musk, Tesla’s biggest shareholder, now holds an almost 20% stake in the company, according to data compiled by Bloomberg. Musk’s biggest stock purchase since March …

Tesla’s battery Gigafactory hits new output levels

Tesla CEO Elon Musk says the Nevada factory making battery packs for the company’s Model 3 mass-market electric sedan dramatically increased output in recent months. Musk said the Reno-area “Gigafactory,” as he calls it, produced a “sustained rate” of 3,000 battery packs per week and has reduced the amount of …