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LIVE: Tesla reports earnings (TSLA)

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Tesla will report its first-quarter results after the market close, capping a busy news day for the electric-car maker. To recap, two executives responsible for building cars are leaving the company: Greg Reichow, vice president of production, and Josh Ensign, vice president of manufacturing. This is a big deal because Tesla is preparing to launch its mass-produced Model...
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This mobile banking startup can offer financial advice right from your smartphone

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This story was delivered to BI Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. Mobile banking is growing in popularity in the fintech space, and a new startup is poised to worm its way onto consumers’ smartphones. Varo Money, a San Francisco-based startup that focuses on mobile-only banking, has received $27 million...
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The 50 richest people on earth

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The wealthiest 50 people in the world control a staggering portion of the world economy: $1.46 trillion — more than the annual GDP of Australia, Spain, or Mexico. That’s according to new data provided to Business Insider by Wealth-X, which conducts research on the super-wealthy. Wealth-X maintains a database of dossiers on more than 110,000...
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Nvidia settles feud with Samsung over graphics patents

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By Andrew Chung NEW YORK (Reuters) – Graphics chip maker Nvidia Corp announced a settlement of a patent dispute with Samsung Electronics Co Ltd on Monday, hours before a U.S. trade agency was due to rule on a complaint that could have blocked importation of some of Nvidia’s products. The settlement puts an immediate end...
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China’s army of investors haven’t learned their lesson, and it looks like history is going to repeat itself

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You might think the crazy roller coaster ride that is China’s stock market would be too much for some mom-and-pop investors to stomach.  Think again.  According to a survey of 2,200 Chinese residents by Bernstein, individual investors in the country actually want more risk, not less.  And that looks like a recipe for disaster.  The nation’s residents are planning to load...
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