Why Tesla stock is getting left in Ford's and GM's dust
New York Tesla had a stellar 2020: The electric car maker was added to the S&P 500 and the stock surged an electrifying 743%. But some investors have pulled the plug on the company lately.Tesla shares are nearly 25% below their all-time high set earlier in the year, and down 2% for 2021 to date -— a time when traditional automakers are surging as they ramp up electric vehicle ambitions.It seems investors are a bit infatuated with these legacy Big 3 automakers as they look to rapidly expand thei
American investors are trying to buy a UK supermarket. Here's why
London Britain's fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a strong appetite among investors for UK assets.Morrisons confirmed over the weekend that New York-headquartered Clayton, Dubilier & Rice last week made an unsolicited offer of 2.30 per share in cash for the grocery retailer. That's a 29% premium to Morrisons' closing price on Friday, giving it a market value of around 5.5 billion .Shares in the co