• Elon Musk Is Having a Very Bad Week. So Are Tesla Investors
Elon Musk Is Having a Very Bad Week. So Are Tesla Investors

Sources familiar with the matter tell CNBC that the deal would have allowed Tesla and Musk to pay a nominal fine. Tesla has always weathered these storms, and its continued ability to stay afloat amid these challenges is enough to convince many that the electric auto company will be around for a while yet.

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  • Trump Is
Trump Is "Main Culprit Of Oil Price Hikes, Market Destabilisation": Iran

Iran is the third biggest producer of oil in the Organization of the Petroleum Exporting Countries (OPEC). In addition to ripping U.S. foes such as Iran and Venezuela, President Donald Trump took direct aim at America's Gulf allies during his speech at the UN General Assembly meeting today.

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  • Wait, Is Michael Kors Buying Versace?
Wait, Is Michael Kors Buying Versace?

Another measure both brands should take is also separating Michael Kors (the founder) from this process (at least publicly) to help in quelling some of the negative sentiment surrounding the move. Donatella Versace , sister of late founder Gianni, became the fashion house artistic director and vice-president after Gianni was was murdered in Miami B...

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  • Gold Prices Fall As US-China Trade Spat Intensifies
Gold Prices Fall As US-China Trade Spat Intensifies

As the trade war has raged on and tariffs have been slapped on more and more U.S. imports from China, U.S. consumer goods have been feeling more of the pain. On the contrary, Bank of America Merrill Lynch has forecasted that the trade war will damage the United States economy, resulting in the bullion to reach an average valuation of $1,350 an ounc...

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  • Blow to Facebook as Instagram co-founders quit
Blow to Facebook as Instagram co-founders quit

The co-founders didn't reveal any specifics about their future plans other than the fact that they intend on taking some time off to explore their "curiosity and creativity again". A Bloomberg Intelligence analysis in June said Instagram is worth more than $100 billion. Some inside Instagram feel as though Facebook is failing to promote Instagr...

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  • Indian flight returns after passengers ill by pressure loss
Indian flight returns after passengers ill by pressure loss

A complaint was lodged against Jet Airways staff and crew members of Mumbai-Jaipur flight No. 9W 0697 for dereliction of duties amounting to attempt of murder of travelers on board. All guests were deplaned safely. "First aid was administered to few guests who complained of ear pain, bleeding nose etc". The minister has directed officials conce...

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  • India engages with US to ensure energy security amid Iran sanctions
India engages with US to ensure energy security amid Iran sanctions

India will Import Iranian Oil but how that is what Delhi is exploring. However, India has been appraising the USA about its energy requirement to fuel its economy as well as the importance of Iranian oil. The EU has been discussing with India that it was in the process of coming out with a payment solution as using U.S. dollars for oil purchase...

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  • Up to 3000 Amazon Go stores may be on the way
Up to 3000 Amazon Go stores may be on the way

Amazon opened its first Amazon Go store in its hometown of Seattle in 2016. Since then , the company has opened two more Seattle sites and one in Chicago, and has confirmed plans for San Francisco and NY stores. Going from just four locations to 3,000 in a few years would constitute a massive jump and make Amazon a leading convenience store...

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  • New growth drivers break new ground for Chinese economy: Premier Li
New growth drivers break new ground for Chinese economy: Premier Li

The US remains open to negotiations but China must show it's seriously willing to make systemic economic changes, the senior administration officials said on Monday. "As president, it is my duty to protect the interests of working men and women, farmers, ranchers, businesses, and our country itself", Trump said in a statement.

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  • Coke eyes cannabis-infused drink market
Coke eyes cannabis-infused drink market

Coca-Cola insisted " no decisions have been made at this time " and said it would not comment on further speculation. The Bloomberg report follows other deals between USA beverage companies and pot producers in Canada , where recreational use of marijuana becomes legal next month across the country, followed by consumable forms of the drug nex...

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  • Typhoon Mangkhut pounds south China after killing 64 in Philippines
Typhoon Mangkhut pounds south China after killing 64 in Philippines

Groceries flew off the shelves of supermarkets in the provincial capital of Guangzhou as residents stocked up in preparation for being confined at home by the typhoon , China's official Xinhua News Agency said . "They [authorities] said this typhoon is twice as strong as the last typhoon, that's why we are terrified", Myrna Parallag, 53, told...

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  • Sydney-bought strawberries contaminated with needles, NSW police confirm
Sydney-bought strawberries contaminated with needles, NSW police confirm

In Queensland , these are the only three brands which have been confirmed as contaminated. A $100,000 reward has reportedly been offered for information leading to the arrest and conviction of Australia's strawberry spikers, amid fears up to six brands may have been contaminated with needles and pins.

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  • FDA Threatens to Ban E-Cigarettes If Teenagers Keep Using Them
FDA Threatens to Ban E-Cigarettes If Teenagers Keep Using Them

FDA Commissioner Scott Gottlieb called the agency's steps the largest coordinated enforcement effort in his agency's history and said it was prompted by alarming new evidence that electronic cigarette use by minors has risen to levels he called "simply not tolerable".

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  • Claiming credit for USA economic recovery
Claiming credit for USA economic recovery

He pointed out it was the first time in 10 years that GDP growth exceeded the unemployment rate. Actually, about Fox News , Obama White House Communications Director Anita Dunn told The New York Times in 2009, "We're going to treat them the way we would treat an opponent ".

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  • Scores of passengers taken ill on flight to NY
Scores of passengers taken ill on flight to NY

Customs and Border Protection officials told NBC San Diego that the sick passengers all originated from Mecca, Saudi Arabia, where there was recently a flu outbreak. The plane, a double-deck Airbus 380, was taken to a location away from the terminal so emergency officials could evaluate the situation, Port Authority of NY and New Jersey officia...

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  • Did Insider Trading Drop The Market?
Did Insider Trading Drop The Market?

Though it is an unexplained market behavior, there are experts thinking that it's panic selling that has triggered the situation. Right in line with the post-Labor Day Weekend tech sell-off occurring in the stock market, Bitcoin's price has also dropped the last 24 hours as the digital currency has lost over 12% of its value.

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  • Trump says Apple can avoid tariffs by shifting production to US
Trump says Apple can avoid tariffs by shifting production to US

The yuan sunk almost 9 percent against the USA dollar from April through July, according to China's Wind Information data. "Our concern with these tariffs is that the U.S. The tariffs would pressure China to stop that behaviour, the administration has said. The suggestion that Apple could easily move all of its manufacturing to the US doesn't q...

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  • Elon Musk on Joe Rogan Experience
Elon Musk on Joe Rogan Experience

Tesla stock dropped 10 percent Friday, a day after CEO Elon Musk smoked marijuana during a live interview with comedian Joe Rogan , despite previously criticizing the drug, and after a top executive left the company. Sun Microsystems co-founder Scott McNealy on concerns over Elon Musk's leadership at Tesla and concerns of bias at social...

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  • Canadian envoy calls NAFTA talks 'constructive'
Canadian envoy calls NAFTA talks 'constructive'

Another issue is U.S. complaints about Canada's strictly controlled dairy market, which Trump criticized again on Wednesday, blasting the tariffs that are as high as 300 percent. "So ensuring that we continue to control our news, our broadcasts, our airwaves and our media is really - keeping it in Canada and independent - is something that's really...

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  • Obama rips Trump, GOP in 'state of our democracy' speech
Obama rips Trump, GOP in 'state of our democracy' speech

As for voting, Obama criticized the fact that people usually vote for their favorite party instead of for the country. "By the time I left office, household income was near its all-time high, and the uninsured rate hit an all-time low, poverty rates were falling", Obama said.

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  • Students’ Fake McDonald’s Poster Goes Unnoticed for 51 Days
Students’ Fake McDonald’s Poster Goes Unnoticed for 51 Days

A $7 McDonald's thrift shirt was purchased, a fictional McDonald's staff badge created and, after the huge parcel containing the photo arrived, they were ready to go. His prank has since gone viral, with his Tweet of the initiative garnering 195,000 retweets and over 797,000 likes as of September 4. Remember, folks: all races deserve recognition.

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  • Crude oil sells at $78.24 as output peaks
Crude oil sells at $78.24 as output peaks

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $70.04 per barrel at 0034 GMT, up 24 cents, or 0.3 percent from their last settlement. The world's top oil buyers are discovering that USA sanctions on Iran will squeeze their trade flows whether they agree with America or not. China's manufacturing activity grew at the slowest p...

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  • Billionaire internet entrepreneur arrested for sexual misconduct
Billionaire internet entrepreneur arrested for sexual misconduct

However, officials from JD.com said that Liu was falsely accused and his arrest was based on unsubstantiated accusation. "He has been released without any charges, and without a requirement for bail", JD.com spokeswoman Tracy Yang told The Washington Post .

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  • Trump Gets Labor Day Off to a Feisty Start
Trump Gets Labor Day Off to a Feisty Start

That's helped build valuable allies. Another lingering sticking point is Chapter 19, set up to resolve disputes among the three countries and industry around how to implement NAFTA rules. U.S. Trade Representative Robert E. Lighthizer said Canada could still join the U.S. Then it was a disastrous G-7 Summit in Quebec and now it's a new North Am...

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  • China Emphasises Win Win Cooperation With Africa
China Emphasises Win Win Cooperation With Africa

Xi said China would increase cooperation with the continent, including expanding imports of products beyond resources. President Xi stressed that out of the $60 billion that were on offer, $15 billion would be disbursed as aid, interest-free loans and concessional loans.

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  • Coke into coffee: Coca-Cola buys United Kingdom coffee chain Costa for $7 billion
Coke into coffee: Coca-Cola buys United Kingdom coffee chain Costa for $7 billion

Analysts said the deal will give Coca-Cola a scalable coffee platform across parts of Europe, the Asia-Pacific, the Middle East and Africa, with the opportunity for additional expansion, besides expertise in coffee supply chain, sourcing, vending and distribution.

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  • P Chidambaram Sceptical Over GDP Growth Prospects In Coming Year
P Chidambaram Sceptical Over GDP Growth Prospects In Coming Year

In a dig at the preceding UPA government, he said the economy was in shambles when Modi took over but an unfazed NDA, the entire Cabinet, "single-mindedly" focussed on putting India back on track. "An encouraging development is the slow but steady rise in private consumption spending growth". The government also revised the core sector growth f...

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  • P Chidambaram Slams Centre Over RBI Report On Demonetisation
P Chidambaram Slams Centre Over RBI Report On Demonetisation

PM Modi had scrapped Rs 500 and Rs 1,000 notes in a surprise announcement on November 8, 2016. "After demonetization if it had grown at that rate, the currency , which is in the system today, is 87-88 per cent of that.so the Rs 3 lakh to Rs 4 lakh crore less currency is in the system today than it would have been had the old system been in place",...

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  • Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark
Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark

While the latest communiqués avoided any reference to the troubled auto company, his August 7 " funding secured " tweet indicating he had raised billions needed to take Tesla private at US$420 a share triggered the US Securities and Exchange Commission to intensify a pre-existing investigation into firm's public pronouncements on vehicle producti...

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  • Dershowitz: 'Greatest Risk' to Trump Is From NY Prosecutors, Not Mueller Probe
Dershowitz: 'Greatest Risk' to Trump Is From NY Prosecutors, Not Mueller Probe

Giuliani told the Post that he counseled against the move at least until the end of special counsel Robert Mueller's investigation - but Fox News later reported that Giuliani said that Trump had not broached the idea of a pardon for Manafort specifically.

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  • The Sunday Edition: President Donald Trump Tweetstorm
The Sunday Edition: President Donald Trump Tweetstorm

But it is unclear whether the man they worked for, the president, will face any formal scrutiny or consequences. Melania Trump was reportedly " blindsided " by the reports of the payment and kept out of the public eye for several days.

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  • Shares rise on steady-as-it-goes line from Jackson Hole
Shares rise on steady-as-it-goes line from Jackson Hole

The Fed in June increased interest rates for the second time this year, and pencilled in two more rate hikes for the year. Investors have fully priced in a rate increase next month and see an above-60 percent probability of another move by the Fed's meeting in December.

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  • Prosecutors grant immunity to longtime Trump finance chief
Prosecutors grant immunity to longtime Trump finance chief

The Wall Street Journal first reported Weisselberg's immunity deal. Cohen admitted to arranging "hush money" payments before the November 2016 U.S. In the fall of 2016, weeks before the election, Cohen had set up a limited liability company in DE to hide the deal he made to silence the pornographic film actress Stormy Daniels about an affair...

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  • Dollar dented by Trump's Fed comments
Dollar dented by Trump's Fed comments

US central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve's last policy meeting showed on Wednesday.

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  • The rand climbs as dollar hit by Trump Fed comments
The rand climbs as dollar hit by Trump Fed comments

The rand's 3-day Relative Strength Index (RSI), used to identify oversold or overbought signals by comparing the current price to previous periods, dipped below the 70-mark overnight indicating a reversal of the recent bear trend. Powell has described the economy as "strong" numerous times this summer, but he also sees this as an opportune time t...

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