Esha Dey

Morgan Stanley’s Adam Jonas, a longtime Tesla Inc. bull and automotive industry analyst, is moving into a new broader role at the bank, according to an internal memo seen by Bloomberg.

The Dow Jones Industrial Average is on pace to close at an all-time high on Friday, as investors pile into US equities on the back of strong corporate earnings and ebbing trade and geopolitical fears.

The Dow Jones Industrial Average is on pace to close at an all-time high on Friday, as investors pile into US equities on the back of strong corporate earnings and ebbing trade and geopolitical fears.

Elon Musk may be trying to pivot Tesla Inc. away from electric vehicles and toward humanoid robots, but to skeptical investors, there's no hiding from its stagnating sales and immense stock market valuation that leaves little room for error.

Elon Musk may be trying to pivot Tesla Inc. away from electric vehicles and toward humanoid robots, but to skeptical investors there’s no hiding from its stagnating sales and eye-watering stock market valuation that leaves little room for error.

Avis Budget Group Inc.’s second-biggest shareholder Pentwater Capital Management LP boosted its stake in the car rental company just before the stock’s nearly 70% rout.