Wednesday, November 28, 2018

Elon Musk ducks out of one Los Angeles tunnel but pursues another

Elon Musk ducks out of one Los Angeles tunnel but pursues another Musk#39;s aptly named underground transit venture the Boring Company gave up on its development of a 2.7-mile (4.4-km) tunnel in West L.A. to settle litigation brought by community groups opposed to the project, the two sides said in a joint statement on Wednesday.

from Moneycontrol Business News https://ift.tt/2PaITci

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...