While you were sleeping: Musk sinks Tesla, Kanye weighs on Adidas

Thu, 03 May 2018

By Margreet Dietz May 4 (BusinessDesk) - Wall Street slid as the latest corporate earnings including from AIG failed to impress investors a day after the Federal Reserve kept alive bets that policy makers will lift their target interest rate next month. “It’s definitely rate hikes and tariffs, and the sense that earnings have peaked,” Paul Brigandi, head of trading at Direxion Funds in New York, told Reuters. Shares of AIG slumped, down 6.1 percent as of 1.52pm in New York, after the insurance company’s quarterly results disappointe...

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