Elon Musk Tweets About Taking Tesla Private; Jolts Wall Street

The buyout is good for a 20 percent premium over the current market price of the stock and would value the company at over $70 billion dollars at current numbers of outstanding shares. It appears that Musk is hopeful that shareholders will simply han... More..

by | Published more than a month ago
China ready with additional tariffs
by | Monday, August 06, 2018

China ready with additional tariffs

European soybean imports from the USA were likely to increase naturally. China proposed a 25 percent tariff on imports of copper ore and concentrate from the us, which shipped about 70,000 tons to the cou...More..

Unemployment Rate Falls to 3.9 Percent
by | Sunday, August 05, 2018

Unemployment Rate Falls to 3.9 Percent

This refutes the notion that the slower overall gain in jobs for the month reflected the impact of tariffs. The unemployment rate fell 0.1 percentage point to 3.9% in July, the US Department of Labor said, ne...More..

China refuses USA order to reduce oil imports from Iran
by | Sunday, August 05, 2018

China refuses USA order to reduce oil imports from Iran

The matter is awkward for Germany because the government is also committed to keeping alive the 2015 deal it, along with the USA and other world powers, signed with Iran which provides incentives in exchange fo...More..

Risk of no deal Brexit 'uncomfortably high', Bank of England governor admits
by | Friday, August 03, 2018

Risk of no deal Brexit 'uncomfortably high', Bank of England governor admits

The Pound has endured a tough 24 hours having fallen in the wake of the Bank of England's August policy meeting that saw interest rates rise to 0.75%; a move that would typically support a currency. But it ...More..

Tesla shares charged up by Musk's positive production forecast
by | Thursday, August 02, 2018

Tesla shares charged up by Musk's positive production forecast

The analysts accepted his apologies. Musk also tweeted that developer applications must show prior work and that he's looking for games with "max playability & creativity". Musk also says that Pole Position ...More..

United States hits Turkish ministers with sanctions over pastor Andrew Brunson
by | Thursday, August 02, 2018

United States hits Turkish ministers with sanctions over pastor Andrew Brunson

Turkish President Recep Tayyip Erdogan has said that he would not be swayed by sanctions . USA pastor Andrew Brunson reacts as he arrives at his home after being released from the prison in Izmir, Turkey...More..

Apple surprises Wall Street with record-breaking Q3 profits
by | Wednesday, August 01, 2018

Apple surprises Wall Street with record-breaking Q3 profits

Apple said its gross profit margin will be 38 per cent to 38.5 per cent in the fiscal fourth quarter, versus analysts' estimates of 38.2 per cent. Globally, higher selling prices for devices like the iPhone...More..

Harley-Davidson to fight in India with smaller engine bikes
by | Tuesday, July 31, 2018

Harley-Davidson to fight in India with smaller engine bikes

Lastly, the brand will focus on leading the electric motorcycle market by launching Harley-Davidson's first electric motorcycle, LiveWire , in 2019. "The plan centres on bold new product introductions and is...More..

Welcomes New York PSC's Enforcement of Charter-Time Warner Cable Merger Agreement
by | Monday, July 30, 2018

Welcomes New York PSC's Enforcement of Charter-Time Warner Cable Merger Agreement

Unless overturned, this action will mean that Charter will no longer be permitted to operate in the state of NY. Russell continued: "Our 11,000 diverse and locally based workers, who serve millions of custo...More..

Facebook sees biggest fall in corporate history as shares lose $120bn
by | Saturday, July 28, 2018

Facebook sees biggest fall in corporate history as shares lose $120bn

Some analysts however said it was too soon to write off Facebook or its growth prospects, and that the company may have simply been warning of the worst-case scenario. Within minutes it was down 15%, then 1...More..

Winklevoss Brothers Bitcoin ETF Rejected By SEC for Second Time
by | Friday, July 27, 2018

Winklevoss Brothers Bitcoin ETF Rejected By SEC for Second Time

That news sent the markets into a tailspin, as many analysts took it as an omen that the SEC is unlikely to approve any of the manifold cryptocurrency ETF applications now pending at the agency. An offici...More..

Two in Mass. hit Mega Millions prizes in jackpot drawing
by | Thursday, July 26, 2018

Two in Mass. hit Mega Millions prizes in jackpot drawing

An estimated $522 million are on the line for Tuesday night's Mega Millions jackpot drawing. The Mega Ball number was 20 and the Megaplier, 3 (one, two, four, nineteen, twenty-nine; Mega Ball: twenty; Meg...More..

European Union and United States kiss and make up on trade
by | Thursday, July 26, 2018

European Union and United States kiss and make up on trade

After the 10 percent tariff on aluminum and 25 percent on steel, The Washington Post reported that Trump is considering slapping a 25 percent tariff on automobiles, an idea that has drawn fierce criticism f...More..

Facebook shares slump as user growth cools
by | Thursday, July 26, 2018

Facebook shares slump as user growth cools

In addition, Facebook said its daily active users rose 11 percent from a year earlier to 1.47 billion, compared with 13 percent growth in the previous quarter. Shares sank 17.8 percent to $178.77 in after-hou...More..

Trump to meet EU's Juncker in bid to resolve trade dispute
by | Wednesday, July 25, 2018

Trump to meet EU's Juncker in bid to resolve trade dispute

US President Donald Trump took a pessimistic view of talks with European Commission President Jean-Claude Juncker set for Wednesday aimed at averting a trade war. House Speaker Paul Ryan said he understood Trum...More..

Tesla reportedly asks for money back on payments to suppliers
by | Tuesday, July 24, 2018

Tesla reportedly asks for money back on payments to suppliers

The company experienced a similar shares fall last week, as a result of a tweet from Musk that labelled a British diver assisting in a rescue effort in Thailand as a "pedo guy". David Whiston, an analyst at.....More..

U.S. dollar down on as Trump makes fresh threats vs China
by | Monday, July 23, 2018

U.S. dollar down on as Trump makes fresh threats vs China

Its rate hikes are meant to prevent the economy from overheating and igniting high inflation. Artjom Hatsaturjants, research analyst at Accendo Markets, said "market sentiment soured on President Trump crit...More..

‘Lahu ka lagaan’ ends: Sanitary products made tax free
by | Monday, July 23, 2018

‘Lahu ka lagaan’ ends: Sanitary products made tax free

Considering the senior citizens, Piyush Goyal also said that the supply of services by an old age home has also been exempted from GST. India has scrapped its 12% tax on all sanitary products following months...More..

Microsoft Earnings Preview: Cloud, PC Trends Positive
by | Saturday, July 21, 2018

Microsoft Earnings Preview: Cloud, PC Trends Positive

These results are up 17% year-over-year, and many people will see this as a vindication of CEO Satya Nadella's renewed focus on hardware and cloud services. On the consumer side, Office revenue growth has s...More..

Elon Musk spat puts dampener on caver's Thai rescue role
by | Wednesday, July 18, 2018

Elon Musk spat puts dampener on caver's Thai rescue role

As the spike occurred, Musk gained thousands of Twitter followers. Unsworth said on Monday he had not reviewed the tweets in full and had only heard about them. Mark Stephens, a partner at London law fi...More..

Trump Fires Another Volley in US-China Trade War
by | Sunday, July 15, 2018

Trump Fires Another Volley in US-China Trade War

Treasury holdings", wrote Xiao Minjie, senior economist at SMBC Nikko Securities in Tokyo. The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 percent ...More..

Elon Musk Sends Team to Thailand to Help in Cave Rescue
by | Monday, July 09, 2018

Elon Musk Sends Team to Thailand to Help in Cave Rescue

He said he was also making an "inflatable tube with airlocks" , which was "less likely to work, given tricky contours". He added that the rains had stopped in the past few days, giving the rescue operation ...More..

China says the U.S. has started ‘the biggest trade war’ in history
by | Saturday, July 07, 2018

China says the U.S. has started ‘the biggest trade war’ in history

U.S. tariffs on $34bn in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the world's two biggest economies took a high-stakes turn...More..

by | Wednesday, July 04, 2018

$2.3 billion of MI exports threatened by tariffs

In a written statement to the U.S. Department of Commerce, the EU set out clear plans to respond to potential U.S. duties on European cars. The number of exports that could be hit by retaliatory tariffs amo...More..