With $100 million in estimated proceeds, TXO Energy is the largest initial public offering on the calendar in a busy week of eight mostly smaller deals.
: Elon Musk tells court Saudi Arabia wanted to take Tesla private, $420 ‘not a joke’
Elon Musk testified Monday he believed he had funding secured to take Tesla Inc. private in 2018, both from a Saudi Arabian investment fund and from his stake in SpaceX, and one of his key tweets on the matter was “absolutely truthful.”
: Bloomberg hit with $5 million SEC fine for misleading customers of securities pricing product
Bloomberg claimed its pricing index was based on a sophisticated algorithm but it sometimes came from a single broker quote, the SEC said.
In One Chart: Number of military veterans in Congress stays near record low, while gender and racial diversity rise to fresh highs
Advocates for stemming a decline in veterans serving in Congress see only slight progress, while those seeking other representation can point to records.
Your Digital Self: The old reliable laptop is getting a makeover and could be tech’s next new thing
Laptops are filling the void left by poor PC sales.
The Ratings Game: This is the ‘biggest disconnect’ in the chip sector, according to Barclays
Wall Street may be too upbeat about the potential for chip-equipment stocks, according to a Barclays analyst.
: End of AmazonSmile charity donations ‘could not come at a worse time’ for nonprofits
Amazon says it’s ending AmazonSmile because the program, which donated $400 million in the U.S., didn’t have enough impact. Some small nonprofits disagree.
Metals Stocks: Gold edges higher to hold at highest finish since April
Gold futures post a slight gain on Monday, shaking off early losses to mark another finish at their highest since April.
Tech Stocks: Hedge-fund billionaire: Google owner Alphabet needs to cut more than 12,000 overpaid jobs
Hedge-fund billionaire Christopher Hohn has urged Alphabet to widen its job reduction actions to at least 20% of the company, saying 12,000 layoffs are not sufficient enough to reduce the tech giant’s cost base.
: Heavy rains hammered California, causing billions of dollars in damage. But less than 2% of homeowners in the state have flood insurance.
Increasingly unexpected weather events are putting homeowners in California on edge.