Markets Slightly Lower at the Opening Bell, Tesla's CEO on Stock Price
U.S. stocks opened slightly lower at the open Monday. Good news for American workers, a raise can be expected for next year but the bad news is the increase barely keeps up with inflation. According to a new survey by Towers Watson out this morning, employers are planning to give about a 3 percent salary raise for 2015. That’s similar to raises in the last 2 years at 2.9 percent. The latest annual inflation rate is 2 percent. Yahoo (YHOO) was higher in premarket trading as Alibaba kicks off its road show in New York today. The Chinese company’s listing this month will be the biggest U.S. tech IPO ever. Yahoo holds a 22.5 percent stake in the e-commerce site and will potentially profit nearly $8 billion when it sells its Alibaba shares. Alibaba plans to sell more than 320 million shares at $60 to $66 a share. Tesla (TSLA) is a stock to watch in today’s trading after a comment from its CEO. Elon Musk on Friday said the electric car maker’s stock ‘kind of high right now.’ He did go on to say he thinks Tesla is a good long-term stock. And if you love pasta, Olive Garden has a deal for you. The Darden (DRI) owned casual dining chain is offering a 'Never Ending Pasta Pass' for $100. USA Today is reporting the promotion includes 7 weeks of as much pasta, salad, bread and Coca-cola soft drinks the holder can consume. But only 1,000 passes will be sold beginning today at 3pm eastern on Olive Garden’s website.
