Finance

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 ...

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.

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.

Finance Iran acquires commercial aircraft ahead of U.S. sanctions
Author: 0 Iran acquires commercial aircraft ahead of U.S. sanctions

US sanctions targeting Iranian trade in automobiles, gold and other key metals will be re-imposed on Monday, while sanctions targeting the country's energy and banking sector will resume November 4. Interestingly, China has also rejected a USA request to cut imports from its biggest customer, Iran, for the sake of fulfilling us president Donald Trump's objective of achieving a complete halt of outgoing Iranian crude supplies; China's rejection would presumably lessen the chance of a ...

Finance Apple Makes History As The World's First $1 Trillion Company
Author: 0 Apple Makes History As The World's First $1 Trillion Company

At press time Apple's stock cost $206.90 and its market capitalization was $1.017 trillion. Apple has sold more than a billion iPhones. Although Apple is the first to do so, Google's parent company Alphabet , Microsoft , and Amazon all have genuine chances at reaching a $1 trillion market capitalization.

Author: 0 China Plans Tariffs on $60 Billion of U.S. Goods

The U.S. has only started exporting LNG en masse in the last few years, owing to the explosion of natural gas production thanks to fracking and other drilling methods. "Instead of retaliating, China should address the long-standing concerns about its unfair trading practices ", White House spokeswoman Sarah Sanders said in an emailed statement.

Finance Turkey lira slumps to record lows over USA sanctions
Author: 0 Turkey lira slumps to record lows over USA sanctions

Cavusoglu, in comments to Turkish broadcasters, said he and Pompeo had also discussed potential joint steps the two countries could take regarding Syria's Idlib and Manbij. Brunson, a North Carolina pastor who has lived in Turkey for more than two decades, is accused of helping the Fethullahist Terrorist Organization in a failed military coup in 2016 and the PKK organization, a group related to the Kurdistan Workers' Party.

Finance White House says Trump's resolve is firm on China trade
Author: 0 White House says Trump's resolve is firm on China trade

The Chinese reaction is sure to ratchet up tensions with the Trump administration at the end of a week that saw stock markets rattled by the intensifying trade battle. Announcing a higher tariff is required ahead of the hearings and will send a signal that the Trump administration is upping the pressure on China to make serious concessions.

Finance Apple reaches new landmark with $1 trillion valuation
Author: 0 Apple reaches new landmark with $1 trillion valuation

On Wednesday, the iPhone maker's shares breached the $200 mark; Reuters reported that it needed a share price of $206.49 to achieve the unprecedented mark. Jobs remained mercurial when he returned to Apple , but he had also become more thoughtful and adept at spotting talent that would help him create a revolutionary innovation factory.

Author: 0 China warns of retaliation if US takes more trade steps

Trade Representative Robert Lighthizer to consider hiking the duties, which could be implemented as early as next month. President Trump has proposed that US trade officials raise tariffs on Chinese goods from 10 percent to 25 percent over a perceived failure to address concerns regarding unfair trading practices, officials said.

Finance Monetary Policy: RBI Hikes Interest Rates Again; Loans To Get Costlier
Author: 0 Monetary Policy: RBI Hikes Interest Rates Again; Loans To Get Costlier

The Reserve Bank of India (RBI) on Wednesday announced a 25 basis points hike in repo rate to 6.5 per cent. The reverse repo rate was also raised by 25 basis points, to 6.25 percent. The rate hike comes on back of rising retail inflation concerns. Borrowers not on fixed-rate interest are likely to see an increase in their loan repayments, but the lender has to legally give you notice in order to do this, subject to the terms and conditions of your account.

Finance Apple becomes first-ever company valued at $1 trillion
Author: 0 Apple becomes first-ever company valued at $1 trillion

Apple's final push to the $1 trillion mark came on the back of Tuesday night's fiscal-third-quarter earnings report - one that encouraged Wall Street's pros and individual investors alike by most measures. His vision, showmanship and sense of style propelled Apple's comeback. Under his leadership, the iPhone has been persistently popular around the world, reaching over 1.4 billion units sold.

Finance Oil prices inch up amid concerns about trade disputes, geopolitical tensions
Author: 0 Oil prices inch up amid concerns about trade disputes, geopolitical tensions

It has rebounded to above $70 a barrel since April as the Opec cartel, which pumps a third of the world's crude, cut supplies to bring the market back into balance. Oil prices CLc1 LCOc1 pared losses briefly after the data, but were still trading about 1 percent lower on the day. "Prices shed some of yesterday's gains overnight", said Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt.