Fabrice P. Tourre and Brian Stoker share a bond:The Securities and Exchange Commission accused both men of fraud.In an unexpected cameo at the federal courthouse in Lower Manhattan, Mr. Stoker joined the horde of spectators swarming Mr. Tourre?s trial. Mr. Stoker even paid a visit to the defense table, introducing himself during a break in the action.
Tesla shares fell more than 14 percent after a Goldman Sachs analyst said they were likely overvalued.
Goldman Sachs said that its second-quarter profit doubled and revenue jumped 30 percent, helped by gains in stock-and-bond underwriting and the bank's own investments. But the hot topic for analysts who follow the bank was a set of impending capital rules and how they might affect the powerful New York investment-bank.