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Tesla’s Elon Musk sued by SEC

U.S. securities regulators have filed a complaint against Tesla CEO Elon Musk alleging that he made false and misleading statements about plans to take the company private in August.

 
Firm that flips houses in Las Vegas raises $400M

Opendoor announced Thursday that Japanese billionaire Masayoshi Son’s SoftBank Vision Fund invested $400 million in the company. It did not disclose SoftBank’s ownership stake, but Opendoor said it has obtained more than $1 billion in total equity investments and $2 billion in debt.

 
Third White Castle opens in Clark County

White Castle is part of the 50,000-square-foot Terrible’s Road House travel center, which opened earlier this year near the intersection of Interstate 15 and Goodsprings Road.

Long-term mortgage rates soar to 7-year high

Long-term U.S. mortgage rates are up for the fifth straight week, with the key 30-year rate reaching its highest level in more than seven years.