Market Updates
U.S. Movers: Carrols Restaurant, Goldman Sachs, Morgan Stanley, Restaurant Brands
Scott Peters
16 Jan, 2024
New York City
Goldman Sachs rose 1.1% to $382.04 after the financial services company reported better-than-expected quarterly results on the back of strong performance in the asset management group.
Morgan Stanley increased 0.8% to $90.40 after the financial services company reported quarterly results that topped market expectations and were supported by strength in its investment banking unit.
Tesla decreased 1.4% to $215.86 after chief executive Elon Musk sough to increase its voting control to 25% from the current 13%.
“I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control.
Enough to be influential, but not so much that I can’t be overturned,” Musk urged in a post on social media platform X on Monday.
Musk's post indicated unless he is compensated for his work in AI, robotics, and other emerging technologies, he prefers to build these businesses outside of Tesla.
Restaurant Brands International increased 0.4% to $78.45 after the company said it plans to acquire the largest franchisee of Burger King for $1 billion in cash.
Carrols Restaurant Group operates 1,000 Burger King locations and 60 Popeyes locations across the U.S.
Restaurant Brands offered $9.55 per share, 12% than Friday's close price of $8.42.
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