• Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal
Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal

In a research note, Bernstein analyst Toni Sacconaghi said, "if no firmer details emerge. investors would likely increasingly debate Musk's credibility and seemingly unhealthy focus on the shares' price and volatility". Emboldened, shorts have pushed Tesla short interest percentage to 27.3 percent of the float on Thursday, up from 27.2 percent on...

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  • Firefighter killed battling largest blaze in California history
Firefighter killed battling largest blaze in California history

In addition to the Holy Fire, firefighters in California are battling at least 10 large blazes, according to the National Interagency Fire Center . Crews have been able to cut containment lines around 68% of the northern California fire, Cal Fire said. "The significant challenge for the Ranch Fire is the terrain it's starting to burn into".

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  • Tesla forms special committee to consider going private
Tesla forms special committee to consider going private

Musk contends the fund approached him about taking Tesla private early past year, noting that two weeks ago he was approached by the fund's managing director who expressed strong interest in financing a go-private deal. Musk's effort to associate his potential bid with some of Wall Street's most venerable institutions, even at the risk of misrepres...

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  • 'Suicidal' mechanic stole empty plane then crashed into island after F15 chase
'Suicidal' mechanic stole empty plane then crashed into island after F15 chase

Later the man said: "I've got a lot of people that care about me". In radio traffic, Russell told air traffic controllers he was a broken guy and had a few screws loose , and police described him as suicidal. "The setup in aviation in America is we secure the airfield and then we have the mindset that we have employees that are credentiale...

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  • Erdogan tells Turks to buy crumbling lira as Trump turns the screws
Erdogan tells Turks to buy crumbling lira as Trump turns the screws

The moves followed a series of actions the administration has taken in recent weeks to step up economic pressure on President Recep Tayyip Erdogan of Turkey to release US evangelical pastor Andrew Brunson, who has been detained in Turkey on espionage charges since October 2016.

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  • Turkey's Erdogan Calls On Turks To Dump Dollars, Euros
Turkey's Erdogan Calls On Turks To Dump Dollars, Euros

ISTANBUL - Turkish President Tayyip Erdogan said on Sunday the current level of the lira and fluctuations in the exchange rate could not be explained by logic, and its recent plunge showed a plot against Turkey. Last week, the U.S. government imposed economic sanctions against two Turkish ministers involved in Brunson's arrest. "Shame on y...

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  • Higher US tariffs increase pressure on Turkish economy
Higher US tariffs increase pressure on Turkish economy

A diplomatic source, however, familiar with talks of Turkish deputy foreign minister Sedat Onal in Washington this week, told The National that exchanging Mr Brunson for Mr Atilla is not on the table from the U.S. Meanwhile, investors are anxious about the economic policies of President Recep Tayyip Erdogan , who won a new term in office in June...

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  • SEC inquired about Elon Musk's tweet regarding taking TSLA private
SEC inquired about Elon Musk's tweet regarding taking TSLA private

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.

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  • Elon Musk says he's considering taking Tesla private
Elon Musk says he's considering taking Tesla private

Going private is one way to avoid close scrutiny by the public market as Musk and the company face those challenges. In the past year alone, Tesla shares have seen a wild swing, trading as low as $244.59 last April to reaching its all-time high less than six months later amid upbeat Model 3 sentiment.

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  • Iran's Rouhani shuns Trump call for talks on eve of sanctions
Iran's Rouhani shuns Trump call for talks on eve of sanctions

In a statement, Trump said the 2015 worldwide accord to freeze Iran's nuclear program in return for lifting sanctions was a "horrible, one-sided deal" and said it left the Iranian government flush with cash to use to fuel conflict in the Middle East.

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  • Apple becomes first U.S. company worth $1 trillion
Apple becomes first U.S. company worth $1 trillion

In early May, Apple unveiled a new $100 billion share buyback plan , alleviating worries about the iPhone's prospects and a hit from US-China trade tensions. As HuffPost reporter Emily Peck tweeted : "Did Apple get to $1 trillion through sheer innovation and ingenuity? Apple went from hip to has-been in just 19 years", wrote the publi...

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  • McDonald’s launches global currency MacCoin
McDonald’s launches global currency MacCoin

Thankfully this coin is not digital, but rather physical, and its cost won't fluctuate. The world's best-known, probably most-hated American fast food outlet is changing but it refuses to change its iconic Big Mac sandwich. To celebrate the Big Mac, McDonald's went old school. The chain is rolling out the tokens at 14,000 restaurants in 50 co...

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  • Alert issued for salads, wraps due to parasite concern
Alert issued for salads, wraps due to parasite concern

The warning, which was issued on Monday, said items containing beef, pork, and poultry salads and wraps that were produced between July 15 to July 18 with either the "best by", "enjoy by", "best if sold by" or "sell by" dates ranging from July 18 through July 23 should be avoided.

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  • Apple beats earnings expectations with $53.3B in revenue, stock up 3%
Apple beats earnings expectations with $53.3B in revenue, stock up 3%

The company's value had surpassed US$960 billion (NZ$1.4 trillion) in trading before the results were released, and shares climbed around 3 per cent in late trading following the figures. Cook said wearables were a highlight of the quarter, with sales up 60 per cent year over year. Also drawing positive scrutiny are Apple's "other products" whi...

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  • Harley goes adventure-touring | Meet the Pan America 1250
Harley goes adventure-touring | Meet the Pan America 1250

Following slowing sales, the company has now confirmed to investors that it intends to reach out to a new generation of riders by bringing to production their electric motorcycle, the LiveWire™, with a view to get on the high road of EV technology as early as next year.

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  • Trump Slaying 'Loch Ness Monsters' and 'Alligators,' Conway Says
Trump Slaying 'Loch Ness Monsters' and 'Alligators,' Conway Says

The punishing U.S. metals tariffs had angered Washington's major trading partners including the European Union and sparked retaliation against important American exports, spooking global stock markets. "You're not going to be too angry with Trump, I can tell you", he said Thursday in the farming state of Iowa. Meanwhile, the United States rem...

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  • Amazon's quarterly profits break $2bn barrier for first time
Amazon's quarterly profits break $2bn barrier for first time

There still seems to be room for Amazon to grow its advertising business even more. Using its service as promotional vehicle for Amazon products? While the company's fulfilment costs surged almost 54% in the quarter, all of its other costs - fulfillment, marketing, technology, administrative - grew much slower than its sales.

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  • Bad week for social media as Twitter's stocks plunge
Bad week for social media as Twitter's stocks plunge

RBC Capital Markets analyst Mark Mahaney said in a note this week that "Twitter operates one of the largest and most influential social networks now in existence", and it is "providing meaningful value to users". "We are making active decisions to prioritize health initiatives over near-term product improvements that may drive more usage of Twitte...

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  • Winning Mega Millions jackpot ticket sold in California
Winning Mega Millions jackpot ticket sold in California

The results of other states, including NY, were not yet available. The odds of winning both jackpots are one in 75 quadrillion - that's 15 zeros - according to data scientists at Allstate. "I think I'm going to win tonight", said gas station customer Shashash Silwal. Mega Millions is played in 44 states - but not Alabama, Alaska, Hawaii, Miss...

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  • Facebook faces day of reckoning as company loses $119B of value
Facebook faces day of reckoning as company loses $119B of value

Shares fell to as low as $176.79 on Thursday morning. At the conference call chief financial officer David Wehner said operating profit margin will sink to the "mid-30s" for more than 2 years. The quarter was also marked by Europe's implementation of strict new data laws, which Facebook said led to fewer daily visitors in that region. The k...

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  • Iran military chief tells Trump: 'We're ready to stand up against you'
Iran military chief tells Trump: 'We're ready to stand up against you'

Armed Forces Chief of Staff Major General Mohammad Bagheri said that USA threats will draw a "strong, unimaginable and regrettable" response from Tehran, according to IRNA. "It is not in our president's dignity to respond to you", Mr Soleimani was quoted as saying by Iran's semi-official Tasnim news agency. United States officials are steppin...

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  • Facebook user numbers disappoint, stock nosedives
Facebook user numbers disappoint, stock nosedives

Zuckerberg called it an "amazing acquisition", saying Instagram grew twice as fast as it would have by being part of Facebook , without explaining his methodology. With Europe, users may have opted out of using the social network when they were confronted with its new privacy consent agreements, Wieser says. And the chief financial officer, David ...

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  • China’s Xi promises $14.7 billion of investment during South Africa visit
China’s Xi promises $14.7 billion of investment during South Africa visit

Speaking from the Union Buildings offices in Pretoria, where the loan agreement was signed, Eskom chief executive Phakamani Hadebe said the loan was part of Eskom's funding requirements for the financial year, which was now at 62%. This was in sharp contrast to the $60-billion outward investment by South Africa to Brics countries. China - the lar...

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  • Trump Tapping $12B to Help Farmers Affected by Tariffs
Trump Tapping $12B to Help Farmers Affected by Tariffs

The president, speaking at an event in Kansas City on Tuesday, reaffirmed his support for tariffs and pledged that "farmers will be the biggest beneficiary". Farmer organizations including the American Soybean Association have called the impacts of tariffs on agriculture "devastating". A number of other Republicans have also criticized Trump for ...

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  • Trump's Tweets Aren't Expected to Hold Down the Dollar
Trump's Tweets Aren't Expected to Hold Down the Dollar

Instead, by sticking to proposed mandates - whatever they may uniquely be - central bankers and other boffins can target other failing metrics (inflation, most pertinently, but many others too) to adjust policy settings, with the knock-on being a weaker currency.

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  • Elon Musk tries to help, but does not always succeed
Elon Musk tries to help, but does not always succeed

For more news videos visit Yahoo View . Now, the diver says he might sue . "I have to take advice". The following week, he hung up on the chairman of the National Transportation Safety Board who called to tell him the agency was booting Tesla representatives from the investigation of a fatal crash involving a Model X driver.

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  • Elon Musk on Tesla (and Himself): 'We Were Huge Idiots'
Elon Musk on Tesla (and Himself): 'We Were Huge Idiots'

Those have already prompted Tesla to raise its prices for Chinese consumers (more on that below). Bullish on his Chinese dream, Tesla and SpaceX Founder Elon Musk on Thursday said he had excellent meetings with senior leaders and will aim to invest long-term in the country.

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  • Ryanair cancels 30 flights as pilots strike in Ireland
Ryanair cancels 30 flights as pilots strike in Ireland

The Irish budget carrier confirmed it had cancelled 30 flights between Ireland and the United Kingdom and these were focused on routes that would allow passengers to find alternative flights easily. That is just ahead of planned strikes by cabin crew in Spain Italy, Portugal and Belgium on 25 July and 26 July. Ryanair released a statement on Tu...

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  • US Adds 213000 Jobs In June, But Unemployment Rate Inches Up
US Adds 213000 Jobs In June, But Unemployment Rate Inches Up

Buoyant job creation: The U.S. economy continues to be one of the most dynamic job creators in the world, adding 213,000 jobs in June (the median estimate of analysts surveyed by Bloomberg called for a gain of 195,000). Economists, however, expect that job gains will continue during the second half of the year, while inflation will remain relati...

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  • US adds a solid 213,000 jobs; unemployment up to 4 pct
US adds a solid 213,000 jobs; unemployment up to 4 pct

Unemployment ticked up slightly to 4 percent as more people looked for work. Wages were a bit of a disappointment in Friday's report , with average hourly earnings rising by 0.2% over the prior month and 2.7% over the prior year. Now back to the number you are seeing in today's headline - the 4 percent unemployment rate. Signs of strength ha...

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  • Gas prices are up and OPEC ‘doing little to help’
Gas prices are up and OPEC ‘doing little to help’

Another day, another economic threat from Donald Trump . Your tweets have driven the prices up by at least $10 per barrel. The United States pulled out of a multinational deal in May to lift sanctions against Iran in return for curbs to its nuclear programme.

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  • Canada's Building Trades Unions Stands with Trudeau Government on Misguided US Tariffs
Canada's Building Trades Unions Stands with Trudeau Government on Misguided US Tariffs

But the NAFTA talks have been stalled for several weeks and Lopez Obrador enters the scene as tensions between Canada and the United States have intensified as the two countries have become embroiled in a trade dispute. Lopez Obrador's opponents have suggested his election will create more tension with Washington at a time when relations are al...

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  • USA will act if not treated properly — Trump warns WTO
USA will act if not treated properly — Trump warns WTO

The website AXIOS , as well as AOL, are both reporting that the Trump Administration has drafted a bill that would abandon the United States' commitment to the World Trade Organization's rules. During his meeting with Rutte, Trump also said that his administration would be meeting with European Union officials to "work something out" on trade.

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  • China Warns US
China Warns US "Opening Fire" On World With Tariff Threats

The official China Daily has taken another swing against the USA policy. Beijing has pledged to retaliate with equal tariffs on $34 billion in USA goods. While Trump touts announcements of jobs created in steel plants due to the tariffs, manufacturing industries warn many more jobs will be lost in companies producing autos, auto parts, appliances...

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  • Oil falls as Saudi, Russian output rises
Oil falls as Saudi, Russian output rises

So, how much support can Trump garner for his economic assault against Iran? Brian Hook, the State Department director of policy planning, said on Monday that he and the Treasury under secretary for terrorism and financial intelligence, Sigal Mandelker, would be leaving for the Gulf region "in the coming days", accompanied senior officials, to ...

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