PRESS DIGEST- Financial Times - Aug 8

Reuters

Tue, Aug 7, 2018, 7:58 PM

In this article:

Aug 8 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

Indian ride-hailing app Ola maps out route into UK https://on.ft.com/2vsbC5D

Kroenke emerges victorious over Usmanov in battle for Arsenal https://on.ft.com/2vtf6EF

Musk declares plan to take Tesla private https://on.ft.com/2OPSbM3

Overview

Indian ride-hailing firm Ola said on Tuesday it plans to launch services in Britain this year, months after expanding operations in Australia, intensifying its rivalry with U.S. peer Uber Technologies Inc.

American billionaire Stan Kroenke has struck a deal to take full control of Arsenal by buying out Russian rival Alisher Usmanov, valuing the English Premier League club at around $2.3 billion.

Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints. (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

The Headache at the End of the Costco Gold Rush
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
The Wall Street Journal•9h ago
Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Business Insider•20h ago
Nvidia Sinks, Exposing 8 'Secrets' For When To Sell Stocks
As top growth stocks like Nvidia fall below key moving averages, keep in mind these proven rules for when to sell stocks.
Investor's Business Daily•1h ago
Welcome to 'peak boomer' era: A wave of retirees is about to blow through their savings and cling to Social Security to stay afloat
While more older boomers tend to have a pension, a looming wave of younger retirees are about to strain the economy and Social Security.
Business Insider•3h ago
Here is What to Know Beyond Why Pfizer Inc. (PFE) is a Trending Stock
Recently, Zacks.com users have been paying close attention to Pfizer (PFE). This makes it worthwhile to examine what the stock has in store.
Zacks•8h ago
Why Super Micro Computer Stock Just Crashed 17%
Super Micro Computer just spooked its investors with a suggestion that it will earn exactly what it promised to earn three months ago.
Motley Fool•5h ago
Magnificent Seven Stocks To Buy And Watch: Nvidia Stock Dives Below Key Level
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to buy and watch in today's stock market.
Investor's Business Daily•2h ago
Super Micro and Nvidia Slump as AI Winners Lead Tech Selloff
(Bloomberg) -- Super Micro Computer Inc. and Nvidia Corp plummeted on Friday, with the two AI favorites leading a broad-based tech selloff.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits City‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapIsrael Reported to Have Launched Retaliatory Strike on IranThe maker of equipment to handle artificial intelligence work sank 2
Bloomberg•30m ago
Nvidia Falls Below Key Level Of Support; Is Nvidia A Buy Now?
If you are still holding to Nvidia stock, here is a key sell signal to watch for: Shares dipped below the 50-day moving average Friday. Nvidia's chart shows that its relative strength line, which compares the company's stock performance to the S&P 500, is flattening. Chief Executive Jensen Huang recently addressed students at his alma mater of Oregon State University and stated that "artificial intelligence is the technology industry's single greatest contribution to social elevation."
Investor's Business Daily•7h ago
Stock market today: Tech stocks smoked, Nvidia tumbles 10% to cap worst week of the year
A measure of calm was returning after Israel's retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold.
Yahoo Finance•1h ago

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PRESS DIGEST- Financial Times - Aug 8

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