Money

Tesla hits 5,000-unit weekly production for Model 3

Tesla hits 5,000-unit weekly production for Model 3 A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. Interestingly enough, Tesla shares traded down on Monday after the stock was downgraded to "sell" by CFRA analyst Efraim Levy who argued that Tesla won't be able to sustain the 5,000 units per week production rate it recently achieved. [Full Article...]

LeBron James has raised more questions than he answered

LeBron James has raised more questions than he answered The Cavs have been battling it out with Curry's Golden State Warriors over the past few years, with the two sides reaching the NBA Finals for the last four years in a row. But for now, the Lakers have secured free agency's most coveted player. Caldwell-Pope, who's represented by the same agent as LeBron, spent last season in L.A. [Full Article...]

Dell set to go public again after EMC buy transforms it

Dell set to go public again after EMC buy transforms it Dell in its early years focused on commercial clients, but that changed in the late 1990s when it garnered a huge following among techies who desired more options in customizing PCs. The company rode that wave to dominance, but as computing shifted to laptops, mobile phones, and complex operations were offloaded into cloud services like Amazon Web Services, Azure and Google Cloud, Dell found itsel... [Full Article...]

ThyssenkruppAG and Tata Steel Europe announce 50/50 joint venture

ThyssenkruppAG and Tata Steel Europe announce 50/50 joint venture Both companies hope it will help them respond to challenges in the volatile steel industry, including overcapacity. Known forthwith as Thyssenkrupp Tata Steel, the firm's headquarters will be based in Amsterdam. In addition to hitting sales for European companies to the lucrative, high-value-added US market, the tariffs regime is expected to result in more steel being dumped onto the European ma... [Full Article...]

Jaitley warns of harsh action as Swiss money spurts

Jaitley warns of harsh action as Swiss money spurts The latest data from Zurich-based SNB comes months after a new framework having been put in place for automatic exchange of information between Switzerland and India to help check the black money menace. In another tweet , Yechury said the data is no surprise since the "Modi government writes off lakhs of crores of unpaid loans of crony corporate and businessmen flee India after looting publi... [Full Article...]

Stocks mixed as investors keep eyes on US-China tensions

Stocks mixed as investors keep eyes on US-China tensions Chinese people are reflected on a glass panels of the Apple Store as they walk through the capital city's popular shopping mall in Beijing, Thursday, June 28, 2018. He urged Congress to strengthen existing laws that apply to all foreign countries instead. Beijing responded to Washington's first round of hikes on USD34 billion of imports by raising duties on U.S. [Full Article...]

Saudi king said will boost oil output if needed: White House

Saudi king said will boost oil output if needed: White House They also spoke about the efforts of producing countries to compensate for any potential shortage of supply, the statement said. It did not elaborate. Saudi Arabia's King Salman bin Abdulaziz Al Saud talks during the opening of 29th Arab Summit in Dhahran, Saudi Arabia April 15, 2018. Oil analysts said OPEC producers may not be able to fully supply the market if Iranian oil is cut from the mar... [Full Article...]

No Waiver On Iran Business, US Tells India

No Waiver On Iran Business, US Tells India But it was not without a fight, and some arm-twisting from Riyadh and Moscow, OPEC sources said. The rally comes days after OPEC and other supply-cutting countries led by Russian Federation reached a deal officials said was partly created to prevent market overheating. [Full Article...]

Triple H opens WWE Performance Center doors to Toys R Us mascot

Triple H opens WWE Performance Center doors to Toys R Us mascot Advocates say 33,000 Toys "R" Us workers should be entitled to $75 million in severance to help pay the bills while they look for look for another job. This seems to be linked to recent rumors of a Toys "R" Us reboot in the works, which surfaced from a Bloomberg report. Toys R Us filed for Chapter 11 reorganization last fall and pledged to stay open, but had poor sales during the critical holida... [Full Article...]

Canada announces billions of dollars in tariffs against US

Canada announces billions of dollars in tariffs against US Canadian steel is used in American tanks, and Canadian aluminum in American planes. The US would also forfeit any ability to overturn unfair trade practices in the WTO dispute-settlement system. annually, with most of it coming from a plant in Wisconsin, the home state of House Speaker Paul Ryan. Jim Watson , a Liberal Party politician serving as Ottawa's mayor since 2010, told reporters Th... [Full Article...]

Elon Musk under attack over use of potter's farting unicorn image

Elon Musk under attack over use of potter's farting unicorn image The executive previous year posted an image on Twitter of artist Tom Edwards' unicorn coffee mug, which serves as a joke about electric cars being powered by magical unicorn flatulence. "What we are seeking instead is a discussion, and a mutual decision in a way to value the past and continuing use of the image, in a way that both sides can feel good about". [Full Article...]

Data-broker leak exposes 340 million personal records

Data-broker leak exposes 340 million personal records With 230 million single people found in the records (the other 110 million records refer to businesses), this is certainly a very large-scale incident, and it differs from some other data leaks such as T-Mobile's in that most of the people on the database probably aren't aware that they're on it. [Full Article...]

Trump asked Saudi Arabia to boost its oil production by 2M barrels

Trump asked Saudi Arabia to boost its oil production by 2M barrels Oil prices have edged higher as the Trump administration has pushed allies to end all purchases of oil from Iran, following the U.S. pulling out of the nuclear deal between Tehran and world powers. However, the price action on Friday suggests that buyers are still coming in and aggressively willing to chase this market higher. Oil prices also have risen with the ongoing unrest in Venezuela , as... [Full Article...]

Saudi Arabia planning record crude oil production in July

Saudi Arabia planning record crude oil production in July He added that "There is no oil". Each year demand goes up by 1.5 million and who has more oil. "Exit of Iran from the oil market will make oil price jump". The Financial Times (FT) said that despite the prospect of an extra 1 million bpd of oil, 2.3 million bpd could be lost through disruptions in Venezuela , Iran and Libya by the end of the year. [Full Article...]

EU to respond to any U.S. auto tariff move

EU to respond to any U.S. auto tariff move Now, pricey European convertibles are among the vehicles that could become rare on American roads if Trump's proposal to slap tariffs on imported cars takes effect. The revenues from European Union countries were second only to that of the US. There's support in the administration and from German auto makers for such an idea, but no agreement has been reached yet. [Full Article...]

What rupee at record low against the dollar means

What rupee at record low against the dollar means The crude oil prices have started rising after the U.S. asked its allies to end all imports of Iranian oil by a November deadline. The rupee on Thursday was down by 28 paise at 69 .89 against the U.S. "Weakening at this pace shatters confidence". Global investors are moving their money from foreign markets to the United States to capitalize on a strengthening economy and rising interest r... [Full Article...]

Instagram Lite quietly launches to find a billion more users overseas

Instagram Lite quietly launches to find a billion more users overseas Instagram has launched a new pared-down version of the app called Instagram Lite , created to free up phone space and use less data. Needless to say, that's pretty impressive. But you won't be able to share videos or Direct message your friends. But we expect it to arrive in future as Instagram has stated that it will be added soon. [Full Article...]

Amazon launches a last-mile delivery program powered by entrepreneurs

Amazon launches a last-mile delivery program powered by entrepreneurs Clark said that the new program will supplement Amazon's existing shipping setups, and that all its usual relationships with partners, including the USPS, will remain intact. Postal Service more for shipping its packages. "This is really about meeting growth for our future", Clark said. Delivery Service Partners can start their own business with investments from $10,000, it said. [Full Article...]

Stocks skid as trade worries spread | Local

Stocks skid as trade worries spread | Local The Dow Jones Industrial Average sank 328.09 points, or 1.3 per cent, to 24,252.80. The S&P energy index was down 1.4 percent. Tokyo's Nikkei 225 shed 0.8% and in South Korea the Kospi was little changed. Federal Reserve's decision earlier in June to rate interest rates. A 25 percent tariff will be imposed by the US on billions of dollars of Chinese products. [Full Article...]

Trump tweet on Harley-Davidson move after tariff, European Union trade fight

Trump tweet on Harley-Davidson move after tariff, European Union trade fight Trump also threatened on Tuesday to tax any motorcycles the company ships into the US. Asked if Trump still feels that tariffs are the best option, White House press secretary Sarah Huckabee Sanders told reporters Monday that "the European Union is attempting to punish US workers with unfair and discriminatory trade policies, and President Trump will continue to push for free, fair and recipro... [Full Article...]


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