Two pillars of Elon Musk's empire are facing financial crunches as the entrepreneur seeks to combine the two companies through a controversial acquisition.
Markets in Asia opened mostly lower on Thursday, with sentiment weighed by sharp overnight declines in oil prices, while traders were also looking ahead to Friday's key U.S.
August has disappointed the market nine of the last 12 years and is usually followed by substantial revisions. Jeff Cox | @JeffCoxCNBCcom.
NEW YORK Stocks ended lower on Wall Street on Wednesday, as energy shares tracked oil prices lower, and the S&P posted a loss for August, the first negative month for the benchmark index since February.
Oil's slump below $45 a barrel weighed on Asian equities and helped drag Malaysia's ringgit to a two-month low, while Australia's dollar and copper advanced after data indicated a pickup in Chinese manufacturing.