Tuesday, 16 October 2018
Latest news
Home » Money

Money

Tesla Shares Rise After SEC Lawsuit Leaves Musk as CEO

perth_map

According to analysts, the settlement is probably the best thing for both the SEC and Musk and Tesla , because the SEC is showing it can act to enforce change in protecting shareholders, while Musk-removed as chairman-will keep its CEO role at Tesla : a role analysts and Tesla believers see as crucial for the company. Read More »

Elon Musk steps down as Tesla Chairman after Controversial Tweet

perth_map

The SEC had charged Musk with securities fraud, alleging that he misled investors when he tweeted on August 7 that he had " funding secured " to privatise the electric automaker at $420 (roughly Rs. Musk, a co-founder of Tesla , is the company's largest stockholder, owning approximately 22 per cent of its outstanding shares. Even with the settlement, Tesla faces a daunting array of challenges. Read More »

Ryanair strike affects thousands of travellers in Europe

perth_map

The Irish airline on Friday said that more than 2,150 of its 2,400 scheduled flights would operate as normal. Staff claim this creates huge insecurity for them, blocking their access to state benefits in their country. "This is not an academic debate, but about concrete social rights of workers". "Respecting EU law is not something over which workers should have to negotiate, nor is it something which can be done differently from country to country". Read More »

Trump and Trudeau agree on a revised NAFTA deal

perth_map

Chevrolet Equinox SUVs are parked awaiting shipment by CN Rail next to the General Motors Co (GM) CAMI assembly plant in Ingersoll, Ontario, Canada October 13, 2017. "So it's either going to be the text goes in with Mexico and the US, or the text goes in with all three countries". The draft text of the US-Mexico "free trade" agreement is expected to be posted on September 30. Read More »

VW, Microsoft team up for connected cars

perth_map

As part of the partnership, the two companies will collaborate to develop the "Volkswagen Automotive Cloud", a dedicated platform for all future Volkswagen digital services and mobility offerings. "Together we will reimagine the driving experience for people everywhere", Nadella said. Volkswagen is harnessing technology to digitally transform and deliver innovative new connected auto services to its customers. Read More »

Amazon introduces a new concept '4-star' retail store in NY

perth_map

No matter where people are shopping, they often turn to Amazon's website to scan reviews to see how others have rated a product. Amazon opened an interesting store for Holiday gift shoppers on September 27 in SoHo on Spring Street between Crosby and Lafayette Streets, New York. Read More »

Canada, US make progress in bid to save NAFTA, no deal yet

perth_map

Trump also claimed that he turned down a meeting with Justin Trudeau to discuss the prospects of a deal "because [Trudeau's] tariffs are too high and he doesn't seem to want to move - and I told him: 'Forget about it'". The Trump administration did not immediately respond to a request for comment Friday evening. Quebec, which is home to half of Canada's dairy industry, has become an important political fulcrum in the talks, particularly since sources familiar with the effort say Canada has ... Read More »

BMW i3 Range Upgraded to 153 Miles

perth_map

Now for 2019, the i3's battery capacity has expanded to 120 Ah. However, it claims the 0-62mph times for the rear-wheel-drive i3 and i3s remain virtually unchanged, at 7.3sec and 6.9sec respectively, with the 50-75mph times put at 5.1sec and 4.3sec. Read More »

All the deals you should know about for National Coffee Day

perth_map

You can also stop by Whole Foods for Allegro 12-ounce packaged coffee for a BOGO promotion that lasts until September 30. Text the phrase FREECOFFEE to 64827 and you'll get a mobile coupon good for a free drink on Saturday - a choice of hot or cold Farmhouse Blend or Bold coffee in any size, or a tea, cappuccino or hot chocolate. Read More »

SurveyMonkey shares soar 56 percent in market debut

Sandberg Revocable Trust, which holds 8.5 percent of shares after Wednesday's offering. The offering is expected to close on September 28, 2018, subject to customary closing conditions. SurveyMonkey's top shareholders include US hedge fund Tiger Global, which will hold 25.1 percent stake after the offering, and Facebook Inc's chief operating officer, Sheryl Sandberg, who will own 8.5 percent. Read More »

Long trade war would hurt United States more than China

perth_map

Xi gave Trump a lavish welcome in Beijing in November, but has never been as verbally effusive about their relationship. Estimation results suggest that the United States' net export position would deteriorate substantially. "We will no longer tolerate such abuse". U.S. President Donald Trump's top trade official said on Tuesday that changing China's economic policies to become more market-oriented "is not going to be easy" even with tariffs now in place on $250 billion worth of ... Read More »

McDonald's Finally Removes Preservatives from Big Mac

perth_map

Pickles on the sandwiches still contain artificial preservatives, but customers can request sandwiches without pickles. Gradually, McDonald's has removed the preservatives from its menu over several years in order to reach buyers more aware of what they eat. Read More »

Jeff Bezos's rocket company beats out spaceflight veteran for engine contract

perth_map

Amazon CEO Jeff Bezos' Blue Origin has been vying for the contract for the past four years to ensure its next-generation, liquified natural gas-powered BE-4 engines would go on the Vulcan. Blue Origin's victory marks a "major defeat" for Aerojet because it essentially leaves the company out of the market for developing main engines for any of those heavy-lift launch vehicles, Ostrove said. Read More »

Google to partially lift ban on advertising of cryptocurrency-related business

perth_map

This came as a blow to legitimate crypto companies, as Google - along with Facebook, which also purged crypto and ICO-related ads - owns one of the largest advertising networks in the world. Earlier this year in June, Facebook lifted some of the restrictions by launching " cryptocurrency products and services onboarding request" that allowed some companies to get their ads on the platform. Read More »

MH-139: The Helicopter That U.S. Air Force Could Not Refuse

perth_map

The service's target date for reach initial operational capability with the T-X is 2024. For Boeing's Arlington, Virginia, based defense business, the award caps off a stunning winning streak. The new planes will replace an extremely aged set of training jets, in particular the Northrop T-38, which was launched all the way back in 1961. "This is all about joint warfighting excellence; we need the T-X to optimize training for pilots heading into our growing fleet of fifth-generation ... Read More »

WTI near $72 as USA raises Iran pressure | Markets & Investment

perth_map

High oil prices are a political risk for President Donald Trump and his fellow Republicans. "It would be good for the price of oil for Iran to be able to sell it", the French leader said. "So far, we have chose to stick to our June agreements", Russia's Energy Minister Alexander Novak added. OPEC is constrained by the very low amount of spare capacity to increase output in a tight market - which already faces threats from unplanned outages, low investment levels and unpredictable ... Read More »

Tesla short sellers score after SEC sues Elon Musk

perth_map

What's more, Musk floated the buyout price because 420 is slang for marijuana - a now legal drug in Tesla's home state of California. Tesla shares are down 13% ahead of Friday's opening bell after the Securities and Exchange Commission sued CEO Elon Musk . Read More »

Trump accuses China of 'interfering' in USA midterms

perth_map

Mr Trump , speaking in front of world leaders while chairing the United Nations Security Council for the first time, did not present evidence for his claim, which came amid an ongoing special counsel investigation into Russia's attempts to interfere in the 2016 U.S. Read More »

Facebook says 50M user accounts affected by security breach

perth_map

Attackers exploited vulnerabilities in the code for Facebook's " View As " feature, enabling them to abscond with access tokens (think fancy, security-based cookies) which could then be used to hijack the target account. "We're temporarily turning off the "View As" feature while we conduct a thorough security review", Rosen wrote Friday. On Tuesday, we discovered that an attacker exploited a technical vulnerability to steal access tokens that would allow them to log into about 50 million ... Read More »

Federal Reserve Raises Interest Rates For Third Time

perth_map

But investors will nonetheless eagerly parse the central bank's announcement of the decision to get a glimpse of its line of thinking - and try to deduce how many more hikes are coming and when. Did that mean the Fed would shade toward being less aggressive or more? Even after today's hike, policy remains accommodative, he told reporters. Mr Powell and other economists say the economy is strong enough now that such stimulus is no longer necessary. Read More »

Securities And Exchange Commission Sues Elon Musk

perth_map

Musk said he had done nothing wrong. The complaint seeks a finding that Musk committed securities fraud, an injunction prohibiting him from doing so in the future, civil penalties and return of any ill-gotten gains, and a bar on Musk serving as an officer or director of another public company in future. Read More »

Tesla building own vehicle carriers to boost deliveries: Musk

perth_map

According to Teslarati, Musk did admit that much of the EV factory's problems are more concerned on logistical issues which it seeks to address by implementing some unconventional strategies such as building its own carriers. "If you have a Model 3 and you'd like it delivered, we can probably get it done for you by the end of this week". Tesla has decided the problem is severe enough it has started to make its own carriers. Read More »

Saudi Arabia in short-term oil fix, fears extra United States supply next year

With the USA sanctions set to kick in, there are reports that India is looking for options beyond Iran to meet its crude oil demands. Indian refiners will either have to significantly reduce or completely stop importing crude oil from Iran over the next month, increasing their dependence on other Middle Eastern suppliers like Saudi Arabia and Iraq, Moody's Investors Service said Thursday. Read More »

Fed raises key rate to 2-2.25%, says more to come

perth_map

But as with interest rates, the forward-looking statements will be most interesting. Powell has tried to downplay this debate saying it's impossible to know precisely what the number is, but as interest rates get closer to that mark, Wall Street is on edge about how much higher the Fed will take rates. Read More »

Trump says he refused to meet Canada's Trudeau at UN

Trudeau said the deal between the US and Mexico raises the "possibility" of Canada signing on, but that he's standing up for Canadian interests in negotiations. The deal, if enacted, would not be almost as disruptive as what Trump has long threatened, to get rid of NAFTA, which he claimed had cost thousands of auto industry jobs. Read More »

Fox Decides to Ditch Its Stake in Sky for $15 Billion

perth_map

Fox bid 15.67 pounds. If Fox had won the auction, Disney would have taken control of Sky next. "Along with the net proceeds from the divestiture of the [Fox Sports Regional Networks], the sale of Fox's Sky holdings will substantially reduce the cost of our overall acquisition and allow us to aggressively invest in building and creating high-quality content for our direct-to-consumer platforms to meet the growing demands of viewers", said Robert Iger, chairman and CEO of The Walt Disney ... Read More »

Brent Crude Oil Price Ignores Trump, Reaches Highest Since 2014

Speaking at the UN General Assembly on Tuesday, Trump accused OPEC of " ripping off the rest of the world " by pushing for higher oil prices. US President Donald Trump is the "main culprit" to blame for a recent surge in oil prices, Iranian Oil Minister Bijan Namdar Zanganeh said on Wednesday. Read More »