CGI Merchant Group purchases Trump hotel in DC; expected to remove Trump name

CGI Merchant Group purchases Trump hotel in DC; expected to remove Trump name

The Miami group is expected to remove the Trump name from the ornate building located a short walk from the White House and is partnering with Hilton Worldwide Holdings to brand it a Waldorf Astoria, according to the person familiar. The deal is subject to approval by the General Services Administration (GSA), which will conduct … Read more

Elon Musk Needs to Sell Millions of More Tesla Shares to Meet 10% Pledge

Elon Musk Needs to Sell Millions of More Tesla Shares to Meet 10% Pledge

Elon Musk’s sale of roughly $5 billion in Tesla Inc. shares in recent days is likely just the start of his selling wave. When the Tesla chief executive took to Twitter over the weekend, pledging to unload 10% of his stock in the electric-vehicle company he runs, he owned roughly 170 million shares. Mr. Musk … Read more