Here is what you need to know.
Martin Tripp posted dozens of photos he alleged came from inside Tesla. The former Tesla employee who is being sued by the company says the images show battery scrap, trailers containing battery waste, and documentation of punctured battery parts in Model 3 vehicles.
A former Tesla engineer says the company silenced her team after it brought up safety and quality issues. Tripp has filed counterclaims against Tesla including allegations that the company tried to intimidate him after he spoke out about what he saw as waste, quality, and safety issues.
The legendary investor who predicted the past 2 bubbles breaks down how the 9-year bull market will end. Jeremy Grantham, the cofounder and chief investment strategist at the $US71 billion Grantham, Mayo, & van Otterloo, had his latest bubble thesis thwarted by President Donald Trump’s trade war – but that doesn’t mean he’s sounding the all-clear for stocks.
Trump is rolling back restraints on US cyberwarfare, and it could make an attack on other countries more likely. Removing these Obama-era rules will make it easier for the US to go on the offensive and could deter attacks on the US, such as election meddling.
The pound is on its longest losing streak against the dollar since the depths of the financial crisis. After a strong start to 2018, the pound has slumped in recent months and on Wednesday traded below $US1.27 for the first time in 14 months.
Turkey’s lira is rallying after a $US15 billion loan from Qatar. The dollar is down 2.5% against the lira to 5.8052 on Thursday morning. It follows a surge over the past week and a half that saw the dollar climb to over 7 lira at its worst.
‘Tech trendiness’ has spiked to its highest level in 15 years. Jim Paulsen, the chief investment strategist at The Leuthold Group, explains why that’s signalling widespread market pain.
Stock markets around the world trade mixed. The Shanghai Composite (-0.7%) declined in Asia, and Germany’s DAX (+0.4%) led gains across Europe. The S&P 500 is set to open up 0.4% near 2,834.
Earnings reporting continues. Walmart, Nvidia, and Nordstrom are among the companies reporting Thursday.
US economic data keeps coming out. Initial jobless claims and the Philadelphia Fed Business Outlook are out at 8:30 a.m. ET. The US 10-year yield is down 4 basis points at 2.85%.
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