Free Republic

The electric carmaker is growing fast but investors are worried that sales are starting to slow because of higher prices and interest rates. Tesla on Wednesday reported a big jump in its quarterly profit as sales of its electric cars soared in the three months that ended in September. The electric carmaker said it made $3.3 billion in the third quarter, up from $1.6 billion in the same period a year earlier and nearly matching the record profit it reported in the first three months of the year. It reported revenue of $21.5 billion, up from $13.8 billion. Tesla said...

Russian gas giant Gazprom has not booked any gas transit capacity via the Yamal-Europe pipeline for the third quarter, Interfax news agency reported on Monday, citing the latest auction results on the GSA Platform.

There was no surprise with the announced third-quarter GDP for the U.S. economy (+3.5%), however, there was some personal disappointment for me. The disappointment relates to the fact that few, if any, commentators were willing to speak up and exclaim that “the emperor is wearing no clothes.” The reason that this is such a big disappointment is that the “official” number for U.S. Q3 GDP cannot withstand the slightest analytical scrutiny. So, allow me to analytically dissect this obviously fraudulent number. Let's start with the big picture. At the end of 2008, official GDP was -6.4%. This was also likely...

U.S. stocks posted their first weekly decline in three weeks as several major companies forecast earnings that trailed Wall Street estimates. Boeing slid 6.2 percent, the steepest drop among companies in the Dow Jones industrial average, as it posted a loss that was bigger than analysts forecast and reduced its full-year profit projection. Boston Scientific posted its biggest drop since February on concerns that sales of heart devices are slowing. Burlington Northern, meanwhile, fell 8.4 percent -- the most since March -- on concerns that shipments of consumer products will remain weak. "Given that the market has moved up so...