Deutsche Bank “fails,” Tesla’s new product, Facebook’s taxes
Here are some of the stocks the Yahoo Finance team will be watching for you today:
Deutsche Bank (DB) shares are flat after the bank failed to strike a deal with the US Justice Department. Deutsche Bank is under pressure to settle probes involving its sale of mortgage securities before the financial crisis, and fines could amount to $14 billion dollars. Deutsche Bank shares are down 42% so far this year.
Tesla (TSLA) is up in early trading. CEO Elon Musk says the company will unveil a new product on October 17. He didn’t give any specific details, saying that it will be a surprise to most people. He also said the company will not have to raise money in the fourth quarter. Shares of Tesla are down 12% since the beginning of the year.
Facebook (FB) is in the green today. The company ended up getting a $14 million tax credit in the UK last year, even as profits soared. That means Facebook paid roughly $5 million in UK taxes for the year. Facebook is up 26% since the beginning of the year.
Twitter (TWTR) is down around 12% at the open. Potential buyers for the company have seemed to lose interest. Alphabet, SalesForce.com and Disney were reportedly looking to acquire the social media platform. No word on what Twitter plans to do next. Shares are down since the beginning of the year.