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Tesla said it conducted a “thorough, expansive” search process for the directors, calling Ellison a “preeminent entrepreneur” and Wilson-Thompson “a human resources leader” and said both had a passion for sustainable energy. They bring the Tesla board count to 11 people. The larger-than-life Ellison, like Musk, is known for making bombastic, brash public comments. He went on a diatribe attacking cloud computing at a 2008 analyst conference, which only served to highlight Oracle’s slow move into the space. He undermined Oracle’s business relationship with Hewlett Packard in 2010 in an email to the New York Times that chastised the board for firing its CEO and his friend, Mark Hurd, after a sexual harassment inquiry.

He rarely interacts with journalists or blogs, and has only tweeted once - a 2012 message promoting Oracle’s cloud products, Ellison, said by Forbes magazine to be worth $55 billion, has in the past defended Musk, “I’m very close friends with Elon Musk, and I’m a big investor in Tesla,” Ellison, 74, said on shirt cufflinks a Oct, 26 conference call with analysts, “This guy is landing rockets,” Ellison added about Musk, referring to his leadership of SpaceX, “He’s landing rockets on robot drone rafts in the ocean, and you’re saying he doesn’t know what he’s doing, Well, who else is landing a rocket?”..

Wilson-Thompson, who could not be immediately reached for comment, spent 17 years at Kellogg Co before joining Walgreens, and serves on the boards of two U.S.-based manufacturing companies. Musk has gained fans for his bold approach to business and technology, using his almost 24 million Twitter followers to promote Tesla, SpaceX and tunnel venture Boring Co. But the August claim that he had the funding to take Tesla private, and a subsequent U-turn, stunned Wall Street. It all came as Musk was filmed briefly smoking marijuana during a live Web show and as he called a British diver in the Thai cave rescue a “pedo.”.

NEW YORK (Reuters) shirt cufflinks - Global investors gravitated toward safe-haven assets on Friday as worries about the world economy persisted, cutting short a two-day rebound in Wall Street stocks, U.S, stock indexes seesawed, making it difficult to end one of the most brutal December selloffs in memory on a high note, “Markets will likely remain treacherous in the New Year,” Marc Chandler, chief market strategist at Bannockburn Global Forex LLC, told clients, After flirting with strong gains in the afternoon, the Dow Jones Industrial Average ended down 76.42 points, or 0.33 percent, to 23,062.4, the S&P 500 lost 3.09 points, or 0.12 percent, to 2,485.74 and the Nasdaq Composite added 5.03 points, or 0.08 percent, to end at 6,584.52, [.N]..

MSCI’s index of global equities gained 0.57 percent to bring the global benchmark to a weekly advance near 2 percent. Markets swung wildly in a week shortened by the Christmas holiday, starting with Wall Street’s worst-ever Christmas Eve drop, pushing the S&P 500 to within a whisker of bear market territory. But efforts at a late Santa Claus rally failed to salve investors after a year that brought gains for very few categories of financial assets, from stocks to bonds and commodities. The global MSCI index, the S&P 500, the Dow and the Nasdaq are each headed for their worst years since the 2008 financial crisis.

(GRAPHIC: Global markets in 2018 - tmsnrt.rs/2R8CUd7), The dollar index dipped 0.14 percent, with the euro up 0.14 percent to $1.1445 and Japanese yen strengthening 0.75 percent against the greenback at 110.17 per dollar, The greenback is down 1 percent this month against a basket of major currencies, [FRX/], That has boosted gold, a traditional safe haven whose appeal this year was hit by a stronger dollar, which makes the yellow metal more expensive to buyers with other currencies, Gold is perched at shirt cufflinks six-month highs of $1,280.11 an ounce, [GOL/]..

The steady drumbeat of disappointing economic data reinforced caution, including Japan’s slowing industrial output and retail sales, declining German inflation and U.S. data for November showing contracts to buy previously owned homes fell unexpectedly in the latest sign of housing market weakness. Breaking with the bad news, the Chicago Purchasing Management Index came in ahead of consensus. Chris Bailey, a strategist at brokerage Raymond James Financial Inc, said dollar weakness was good news for non-U.S. assets.

“If we get the transmission mechanism of a lower dollar, stocks outside the U.S, are set up for a good 2019,” Bailey said, “Once people get their heads around the fact the U.S, shirt cufflinks is not going to have yet another double-digit return year in 2019, you can look elsewhere.”, That would be a relief to world markets that largely underperformed the United States in 2018, Bonds have also been helped in recent weeks by risk aversion, U.S, benchmark 10-year Treasury notes last rose 8/32 in price to yield 2.7146 percent, compared with 2.743 percent late on Thursday, [US/]..

 

 
 
 

 

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