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Money-Losing Retail Crowd Keeps Buying Stocks as Market Teeters

(Bloomberg) -- In a stock market battered by trade turmoil and growing fears of an economic slowdown, retail investors are doubling down, undeterred as their losses mount. Most Read from BloombergChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Fundin

Musk Tells Tesla Employees Hang On to Stock After 50% Plunge

(Bloomberg) -- Elon Musk sought to reassure Tesla Inc. employees through what he referred to as “a little bit of stormy weather,” after the carmaker’s shares plunged more than 50% in just three months.Most Read from BloombergChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Ami