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Wall Street’s weird disconnect with Tesla

  Wall Street threw in the towel on Tesla Motors this week. Sort of, anyway. Analysts’ consensus forecast for Tesla’s earnings per share in 2016 finally slipped into the red this week. A few cuts in the wake of Wednesday’s second-quarter results took the estimate from a profit of about 23 cents to a loss of about 65 cents, according ...

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Erdogan’s trip to Russia a pragmatic move

  Turkish President Recep Tayyip Erdogan arrived Russia on Tuesday for his first meeting with counterpart Vladimir Putin since the two strongmen began healing a bitter feud over Ankara’s downing of a Russian warplane last November. The shooting down of a Russian jet saw a furious Putin slap economic sanctions on Turkey and launch a bitter war of words. Putin ...

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Emerging-market rally gains as China data improves

  Bloomberg Emerging-market stocks and currencies advanced for a fourth day as narrowing Chinese factory deflation signaled the world’s second-largest economy is stabilizing. Indian bonds rallied after the central bank said it’s keeping accommodative policy. Raw-material producers touched a 13-month high paced by South Korean steelmaker Posco, while stocks in the Philippines rose for a second day. Data out of ...

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