Finance

Finance Why has Turkey's currency fallen so sharply?
Author: 0 Why has Turkey's currency fallen so sharply?

The dispute between the North Atlantic Treaty Organisation allies - brought to a new intensity by Turkey's holding of an American pastor for two years - has raised questions over the future of their partnership and fanned fears of a looming economic crisis in Turkey.

Finance Tesla forms three-member panel to look at any Musk deal
Author: 0 Tesla forms three-member panel to look at any Musk deal

The company said in the statement the special committee has the authority to take any action on behalf of the board to evaluate and negotiate a potential transaction and alternatives to any transaction proposed by Musk. A Tesla sales and service centre is shown in Costa Mesa, California, US. Board members Brad Buss, Robyn Denholm and Linda Johnson Rice will sit on the committee.

Finance Firefighter killed battling California's Ranch Fire
Author: 0 Firefighter killed battling California's Ranch Fire

The Holy Fire was one of almost 20 blazes across California alone, which is seeing earlier, longer and more destructive wildfire seasons because of drought, warmer weather attributed to climate change and home construction deeper into forests.

Finance Rupee breaches 70 per dollar mark as Turkey concerns persist
Author: 0 Rupee breaches 70 per dollar mark as Turkey concerns persist

The reason behind the fall in rupee was because of the drop in Turkish Lira , and the USA dollar gaining rapid strength amid fears that the economic crisis in Turkey could spread to other global economies. The rupee slipped as much as 0.2 per cent to 70.08 per dollar in Mumbai and is down nearly 9 per cent this year in Asia's worst performance. There is "nothing at this stage to worry".

Finance U.S. Stocks Fall, Dollar Gains Amid Turkey Fears: Markets Wrap
Author: 0 U.S. Stocks Fall, Dollar Gains Amid Turkey Fears: Markets Wrap

The Post Office said sales of lira in the past week were three times higher than a year ago. Amid a row with Washington over an American pastor being detained by Turkish authorities, the US has sanctioned two Turkish officials, with Erdogan blaming " economic terrorists " for the market sell-off.

Finance FBI Investigating How Man with 'Screws Loose' Stole, Crashed Plane
Author: 0 FBI Investigating How Man with 'Screws Loose' Stole, Crashed Plane

Those guys will rough me up if I try and land there", Russell responded. All the time while the plane was in the air, air traffic controllers gave the man instructions on how to fly a plane and tried to persuade him to land. She said airport officials have been in touch with other airports and airlines to begin to assess procedures. Authorities say Russell used a machine called a pushback tractor to first maneuver the aircraft, which was in a maintenance area.

Finance Elon Musk accused of making false statements - KVOA | KVOA.com | Tucson, Arizona
Author: 0 Elon Musk accused of making false statements - KVOA | KVOA.com | Tucson, Arizona

Neither he nor anyone else has supplied evidence that it was. Two new lawsuits accuse Musk and Tesla of violating federal securities law by allegedly making false statements to boost the company's stock price. The class includes investors who bought Tesla shares as they were rising in the wake of Musk's tweet. After adjusting for inflation, that's more than the record-setting buyout of RJR Nabisco that closed in 1989.

Finance Musk says he's talking with Saudi fund to take Tesla private
Author: 0 Musk says he's talking with Saudi fund to take Tesla private

That blog post appears to name Saudi Arabia's sovereign wealth fund as being responsible for the funding that Musk said was "secured" in his tweet. August 13, 2018, 3:38 p.m. The PIF sees its investment in Tesla as a strategic way for the world's biggest crude producer to hedge against oil, the people said. The Saudi fund hasn't made any firm decisions on whether to increase its stake, or by how much, but talks are ongoing, sources told Bloomberg .

Finance Tech stocks drive Nasdaq higher; Dow, S&P flat
Author: 0 Tech stocks drive Nasdaq higher; Dow, S&P flat

The Nasdaq Composite Index increased 3.46 points, or 0.04 percent, to 7,891.78. The S&P is also less than half a percent shy of the record it hit in late January. The Dow Jones Small-Cap Value TSM Index closed at 10,541.31 for a loss of -48.08 points or -0.45%. Seven of the 11 major S&P sectors were higher, with the materials sector leading the gains as aluminum prices rose.

Finance As Turkey's Economy and Lira Dive, Erdogan 'Pleads' for Relief
Author: 0 As Turkey's Economy and Lira Dive, Erdogan 'Pleads' for Relief

The Turkish lira plunged on Friday, raising questions about the country's financial stability, as investors anxious about the president's unorthodox economic policies and a dispute with the United States that has led to sanctions . After nearly 20 months in a Turkish jail, Brunson was moved to house arrest in July by a court. Erdogan has been putting pressure on Turkey's central bank to not raise interest rates in order to keep fueling economic growth.

Finance Employee steals plane from Seattle airport, crashes it shortly
Author: 0 Employee steals plane from Seattle airport, crashes it shortly

Earlier in the flight, the man says: "This is probably, like, jail time for life, huh?" The Pierce County Sheriff's Office said the man, who has been identified as Richard Russell , was 29 years old and "suicidal". Beck said flying the "complex machine" would be more hard than a private plane. Russell said he was having a "blast" and had learned to fly from video games.

Finance SEC Amps Up Investigation of Tesla After Musk's Buyout Tweet
Author: 0 SEC Amps Up Investigation of Tesla After Musk's Buyout Tweet

The tweet itself, which sent Tesla shares soaring as much as almost 11%, is not likely to be considered manipulation, but should his statement prove false, it would constitute fraud. Given some of the outlandish remarks Elon Musk has a penchant for making on Twitter, it can sometimes be hard to discern when the Tesla CEO is being serious and when he's simply having a little bit of fun.

Finance China to slap additional tariffs on US$16 bln of USA goods
Author: 0 China to slap additional tariffs on US$16 bln of USA goods

The US imports considerable quantities of Chinese active pharmaceutical ingredients (bulk drugs) for the production of finished dosage (formulations). The rise in exports defied expectations of a slump after merchants rushed to fill orders the previous month before Washington imposed 25 per cent duties on $34 billion of Chinese goods on July 6 in response to complaints Beijing steals or pressures foreign companies to hand over technology.

Finance USA securities regulator to decide on the fate of nine bitcoin ETFs
Author: 0 USA securities regulator to decide on the fate of nine bitcoin ETFs

The organization has repeatedly postponed all decisions regarding such ETFs or outright rejected them. Since Bitcoin has been created to be an endless resource with a total of 21 Million mineable coins, a higher market capitalization means that the value of a single Bitcoin is going to increase.

Finance Team: Jury Orders Monsanto To Pay $290M In Roundup Trial
Author: 0 Team: Jury Orders Monsanto To Pay $290M In Roundup Trial

He sprayed large quantities from a 189 litre tank attached to a truck, and during gusty winds the product would cover his face, one of his attorneys, Brent Wisner , said . On its website, Monsanto describes its offerings as "crop production products such as Roundup®herbicides, that enjoy a risk-free history in more than 100 countries".

Finance Hundreds of Ryanair flights cancelled over European strikes
Author: 0 Hundreds of Ryanair flights cancelled over European strikes

The airline said that over 2000 flights, or 85 per cent of the schedule, would operate as normal and that the majority of passengers affected have been re-booked on other Ryanair services. Customers were notified as early as possible and a majority of those affected had already been moved to another Ryanair flight, the airline added. The Dutch pilots union VNV said it was the first time in Europe that an airline had gone to court to prevent industrial action , the Financieele ...

Finance Trump doubles tariffs on Turkey, sending lira crashing
Author: 0 Trump doubles tariffs on Turkey, sending lira crashing

This is double the level the president imposed on a range of countries earlier this year, including European Union member states. The United States is the world's biggest steel importer. This has caused the decline of the Turkish lira over the last three years. Erdogan has been putting pressure on the central bank to not raise interest rates in order to keep fueling economic growth.

Finance Russian Federation calls fresh USA sanctions
Author: 0 Russian Federation calls fresh USA sanctions "illegal"

But that initial triumphalism quickly turned sour. The State Department says August 8, sanctions will be imposed on Russian Federation as the country used chemical or biological weapons in violation of global law. Moscow has long cast the accusations as a Western plot to damage its reputation and provide a convenient pretext for more sanctions . He said the countries were now in a state "balancing on the verge of war".

Finance City Council's assault on Uber isn't really about congestion
Author: 0 City Council's assault on Uber isn't really about congestion

Minorities also praise the services because they say yellow cab drivers often refuse to pick them up or drive to their neighborhoods. And Josh Gold, a spokesman for Uber, told Tthe Times in a statement that the cap "will threaten one of the few reliable transportation options while doing nothing to fix the subways or ease congestion".

Finance Trump going ahead with taxes on $16 billion in Chinese imports
Author: 0 Trump going ahead with taxes on $16 billion in Chinese imports

In a statement on its official website late on Wednesday, China's commerce ministry criticized the us move as being "unreasonable", saying it had no choice but to adopt the same measure on an equal amount of American goods ranging from fuel and steel products to autos and medical equipment.

Finance Snap revenue tops estimates due to mobile ad demand
Author: 0 Snap revenue tops estimates due to mobile ad demand

Despite the solid financial numbers, Snap reported its first-ever decline in sequential daily active users. Its revenue was $262 million in the second quarter, beating the average estimate of $250.43 million, as average revenue per user surged to $1.40 from $1.05 a year ago.

Finance Iran clients tweaking U.S. sanctions as $90 oil looms
Author: 0 Iran clients tweaking U.S. sanctions as $90 oil looms

Oil Minister Dharmendra Pradhan had last month told Parliament that Iran had in April-June overtaken Saudi Arabia to become the second largest supplier of crude oil to Indian public sector firms. The sanctions, which would come into force from November 4, are likely to block current payment routes used to pay for Iranian imports. An Iranian newspaper reported that Foreign Minister Mohammad Javad Zarif said a US plan to reduce Iran's oil exports to zero will not succeed.

Finance Tesla board confirms it will consider Musk's privatization plan
Author: 0 Tesla board confirms it will consider Musk's privatization plan

Musk's plan to take Tesla private would give all shareholders the option to stay as investors in the now-private company or to sell their shares at $420 per share, which represents a premium of about 20 percent based on the stock price during the second quarter earnings call at the end of June.

Finance 'Buck-a-Beer' coming back to Ontario
Author: 0 'Buck-a-Beer' coming back to Ontario

Beer fans across Ontario can officially start counting down the days until the return of "Buck-a-Beer", the popular $1-per-beer price floor that delighted people across Ontario until it was cancelled when the previous government abruptly introduced new beer price regulations.

Finance Trump promises to stay the course on tariffs
Author: 0 Trump promises to stay the course on tariffs

President Donald Trump's administration . China's finance ministry said duties ranging from 5 per cent to 25 per cent would be levied on 5,207 kinds of imports from America if the U.S. An array of US farm exports, chiefly soybeans, already are under Chinese tariffs. The Ministry said it would impose tariffs ranging from five to 25 per cent on Dollars 60 million worth of American products.

Finance Obama Day: All the Best Memes & Tributes
Author: 0 Obama Day: All the Best Memes & Tributes

As noted by the sfgate.com , during his time in office, he signed many landmark bills into law, including the Affordable Care Act . "Happy birthday to my brother, my friend, @ BarackObama ", Biden wrote. In 2017, under the leadership of Republican Governor Bruce Rauner, the state's legislature unanimously voted to pass the measure. "I think it's awesome, and I think we should celebrate it", he said.

Finance Elon Musk Wants to Take Tesla Private at $420 a Share
Author: 0 Elon Musk Wants to Take Tesla Private at $420 a Share

Gerber Kawasaki CEO Ross Gerber and FBN's Hillary Vaughn on how Tesla CEO Elon Musk tweeted that he may take the company private. And if the information in the tweet isn't true, Musk could be looking at some stock price manipulation allegations.

Finance Dead fetus found on plane at LaGuardia Airport
Author: 0 Dead fetus found on plane at LaGuardia Airport

It was the Airbus A321's only flight of the day. The Office of the Chief Medical Examiner in NY confirmed it is "investigating what we believe to be a human fetus found deceased on an airplane", said Aja Worthy-Davis, executive director for public affairs.

Finance Elon Musk considering taking Tesla private
Author: 0 Elon Musk considering taking Tesla private

On Twitter Tuesday, Musk said he has secured funding from a private buyer. Tesla also made the news just before this tweet, when the Financial Times reported that Saudi Arabia's Public Investment Fund had amassed a previously unreported stake of "between 3 and 5 percent" of Tesla's shares.

Finance Facebook Offers Banks Its Users for Their Data
Author: 0 Facebook Offers Banks Its Users for Their Data

The company has reportedly sought information, including card transactions, in order to offer new services to users on Facebook Messenger, reported The Wall Street Journal . It has also talked about sending fraud alerts and account balances in Messenger, the paper reported. In a statement to the Journal , a Facebook spokesperson said it will not use the new financial data for advertisements.

Finance NASCAR CEO Brian France arrested for DWI and drug possession
Author: 0 NASCAR CEO Brian France arrested for DWI and drug possession

France was operating said vehicle in an intoxicated condition". TMZ Sports reports France's blood-alcohol level was twice the legal limit of 0.08. According to the release, France was taken into custody around 7:30 p.m. He's a third-generation leader of the company, which his late grandfather, Bill France Sr., founded in 1948. Brian France has been at NASCAR's helm since 2003.

Finance Pepsi's first female CEO is stepping down after 12 years
Author: 0 Pepsi's first female CEO is stepping down after 12 years

However, Nooyi will remain the Chairman of the company until early 2019. Nooyi will be succeeded on October 3 by Ramon Laguarta , who has served as Pepsi's president since past year. Sales grew 80% during her 12-year tenure. She later attended the Yale School of Management. Before becoming CEO she led the company's expansion through acquisitions, including its 2001 purchase of Quaker Oats Co.

Finance Fiat Chrysler wants Mahindra Roxor to be banned in US
Author: 0 Fiat Chrysler wants Mahindra Roxor to be banned in US

The ROXOR is a descendant of earlier Jeep-style models that Mahindra has been making for decades, and one of the models that the automaker, which has been trying to gain a foothold in the USA, has been selling in other markets for quite some time.

Finance McGregor Posts Chilling Tweet After His Return To UFC Is Confirmed
Author: 0 McGregor Posts Chilling Tweet After His Return To UFC Is Confirmed

For McGregor (21-3), it will be his first MMA fight in almost two years and first time in fighting action since his professional boxing debut during a heavily-hyped fight against Floyd Mayweather Jr. Nurmagomedov has been one of the pound-for-pound greats of MMA, racking up 10 consecutive victories since joining the UFC . Earlier in the news conference, the UFC also promoted the long-awaited return of Nate Diaz , who memorably split two bouts with McGregor in 2016.

Finance Trump says Republicans should run on his record
Author: 0 Trump says Republicans should run on his record

Kasich said . "He said, 'no, I didn't.' I think Donald Trump decides where he wants to go and I think they think they're firing up the base". The president ended his tweet by saying "I like Mike!" - seeming to side with Michael Jordan in the debate over whether he or James is the greatest National Basketball Association player of all time.

Finance Oil prices decline amid rising output
Author: 0 Oil prices decline amid rising output

Meanwhile, according to EIA, U.S. crude oil production was 10.9 million barrels per day which was 100,000 barrels per day lower than the previous week. Crude oil production is now expected to average 11.8 million bpd in 2019. That's equivalent to about 11.21 million barrels a day. The question regarding Iranian oil supply now is, can the Trump Administration get everybody else except China, which has already said it won't recognize USA sanctions on Iran, out of the market, according to the ...

Finance Ryanair release strong statement blaming
Author: 0 Ryanair release strong statement blaming "handful" of Aer Lingus pilots for strikes

In December, Ryanair agreed to recognise trade unions for the first time but has seen strikes in some of its biggest markets including Ireland , Spain and Italy as it struggles to reach collective labour agreements. "There is going to be disruption, it will be small, we will manage it". Ryanair said in the statement that it was this tiny handful of Aer Lingus pilots who were behind the scenes for inciting the strikes and sabotaging the talks.

Finance Bank of England poised to raise interest rates
Author: 0 Bank of England poised to raise interest rates

Indian Banks Association's chairman (officiating), Shyam Srinivasan, said though there are several risk factors to growth which could tilt on either side, the RBI has not only maintained the growth projection of 7.4 per cent for this fiscal, but also projected a higher rate of 7.5 per cent for the first quarter of next year as well.

Finance Hispanic Unemployment Hits Another Record Low Under Trump
Author: 0 Hispanic Unemployment Hits Another Record Low Under Trump

As The Washington Examiner noted, the number is just slightly below the previous record of 4.6 percent set in July. "We're going to create 2.6 million to 2.8 million new jobs in 2018", said Larry Kudlow, Trump's top economic adviser, on Fox Business shortly after the report came out.