NewsWatch: Tesla stock soars 5% after company reports surprise Q2 profit

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Tesla Inc. late Wednesday reported an unexpected second-quarter GAAP and adjusted profit, sending the stock higher in the extended session. See full story.

Microsoft reports record revenue to wrap up a record-breaking fiscal year

Microsoft Corp. wrapped up a record-breaking year Wednesday by announcing record quarterly revenue, but shares still shrank from near-record highs in after-hours trading. See full story.

The ‘cobra effect’ will have a ‘disastrous and unimaginable’ impact on the market, Wall Street vet warns

‘As the massive monetary and massive fiscal stimuli (over $15T globally) conjoin to save the economy from a deflationary depression, they will cause instead a hyperinflationary economic collapse,’ Larry McDonald warned. See full story.

Thousands in Silicon Valley in danger of eviction as end of California moratorium nears

More than 43,000 households in the heart of Silicon Valley face eviction in the next few months even as local tech companies’ valuations soar, according to new research published Wednesday, a crisis that could creep across the nation as eviction moratoriums expire while the pandemic continues. See full story.

Potential Biden running mate Bass says Trump has done what ‘George Wallace would have done’ as president

Rep. Karen Bass, a potential running mate for presumptive Democratic presidential nominee Joe Biden, criticizes President Donald Trump’s approach to racial issues. See full story.


The review site finds a correlation between consumer interest in going out, and a spike in COVID-19 infections See full story.