Business Maverick: Friday May 3: Five Things You Need to Know to Start Your Day

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Business Maverick: Friday May 3: Five Things You Need to Know to Start Your Day By Bloomberg

almost 1 million people from Odisha state to temporary shelters as it braces for its worst tropical storm since 2014. Cyclone Fani is set to hit the country’s east coast Friday morning, with winds as high as 200 kph at landfall, according to the government. Security forces have deployed ships and helicopters.will decide after next week’s trade talks whether they’ll meet to finish the deal, White House spokeswoman Sarah Sanders said, adding that the U.S. believes such a summit is likely.

Aussie futures are barely higher and the Hang Seng is poised to open lower. China and Japan remain closed for holidays.Tesla plans to raise about $2 billion through debt and stock offerings, an acknowledgement that the Model 3 sedan isn’t generating the cash it needs to become self-sustaining. CEO Elon Musk said repeatedly last year that Tesla would no longer need to raise capital as its first mass-manufactured car ramped up.

 

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