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The US stock market edged back from its all-time high following the latest report on the economy to come in surprisingly weak, this time about how much shoppers are spending at retailers.
We haven't written up this one. The Sydney Morning Herald has the full story — the link below goes straight to it.
Key PointsNearly 6 billion SpaceX shares will become eligible for sale during the next year, before Musk can sell any of his shares.
Key PointsThe transaction involved 173,148 shares sold at a weighted average price of $125.47, totaling approximately $21.7 million.
"My guess is he is preparing to offset a boatload of carried interest income. If you own a sports team, done correctly, you can get a deduction against income."
Key PointsColtharp executed the sale of 18,869 shares at a weighted average price of $125.38 per share on August 10.