SEC suit accuses Elon Musk of misleading investors, deepening his legal woes

Tesla stock plunged 12 percent in after-hours trading. The only problem with that, according to the SEC's lawsuit , is that funding was definitely not secured, and Musk allegedly did this fully in the knowledge that he was never going to take t... More..

by | Published 21 days ago
Google lifts cryptocurrency ad ban in the U.S. and Japan
by | Saturday, September 29, 2018

Google lifts cryptocurrency ad ban in the U.S. and Japan

Now Google is preparing to change its financial services ad policy to allow advertisements from regulated cryptocurrency exchanges in the US and Japan. According to CNBC , Facebook began softening it...More..

Hacker Announces Plans to Delete Mark Zuckerberg's Facebook Page
by | Saturday, September 29, 2018

Hacker Announces Plans to Delete Mark Zuckerberg's Facebook Page

According to Bloomberg , Chang is a minor celebrity in Taiwan. Facebook CEO Mark Zuckerberg hosted a conference call with journalists shortly after the news was announced, underscoring the severity of th...More..

Boeing Wins $9.2B Contract for New Air Force Training Jet
by | Saturday, September 29, 2018

Boeing Wins $9.2B Contract for New Air Force Training Jet

Earlier in the week, Boeing, in partnership with Italy's Leonardo, won the Air Force's $375.5 million contract for new helicopters to replace its UH-1N Hueys , which is also a firm, fixed-price arrangeme...More..

by | Saturday, September 29, 2018

Mexico trade deal text to be released as focus remains on Canada

Trump said he was very unhappy with "the negotiations and negotiating style of Canada", and that he turned down a recent one-on-one with Trudeau because Canadian tariffs are too high. NAFTA, a trilateral trade ...More..

US will not tap oil reserve as Iran sanctions loom-Perry
by | Friday, September 28, 2018

US will not tap oil reserve as Iran sanctions loom-Perry

We will remember. The OPEC monopoly must get prices down now!" US President Donald Trump has demanded that OPEC and Russian Federation increase their supplies to make up for the expected fall in Irania...More..

Tesla Stock Could Halve: Barclays
by | Friday, September 28, 2018

Tesla Stock Could Halve: Barclays

Elon Musk's run-in with the Securities and Exchange Commission may cost Tesla Inc. nearly half its market capitalization, Barclays analyst Brian Johnson said, adding that the company's stock has about US$130...More..

Trump accuses China of election ‘meddling’ against him
by | Friday, September 28, 2018

Trump accuses China of election ‘meddling’ against him

Like the U.S., China has a permanent seat on the U.N. Security Council . "They do not want me or us to win because I am the first president to ever challenge China on trade, and we are winning on trade - we ...More..

Nearly 50 million facebook users hit by security issue
by | Friday, September 28, 2018

Nearly 50 million facebook users hit by security issue

Facebook said that it was working with the Federal Bureau of Investigation and other law enforcement agencies to help investigate the breach. The company said that as many as 90 million Facebook users will ha...More..

by | Friday, September 28, 2018

After SEC moves to oust Musk, Tesla shares fall 12 percent

The 47-year-old billionaire entrepreneur has been directly involved in nearly every detail of Tesla's product design and technology strategy, and is credited as the driving force behind the loss-making company'...More..

by | Friday, September 28, 2018

Brent Crude Oil Price Ignores Trump, Reaches Highest Since 2014

The debate over oil prices comes against a backdrop of months of sniping between Mr Trump and Mr Rouhani. He called on other nations not to rely on OPEC, lamenting the dependence Germany has on Russian Federati...More..

Rate hike expected as Fed resumes policy meeting
by | Friday, September 28, 2018

Rate hike expected as Fed resumes policy meeting

Central bankers raised expectations for a fourth rate hike in December, with a majority now in favor of such a move. "In a stronger economy, it should move up", she said. The Fed also dropped a reference in its...More..

by | Friday, September 28, 2018

SEC seeks to oust Tesla CEO Elon Musk over go-private tweet

Investor belief that Mr. Musk is capable of almost superhuman feats helped push Tesla's valuation far beyond what seems justified. Musk said he later decided against the plan. The Securities and Exchange Comm...More..

Tesla Direct Offers Free Delivery to Your Home or Office
by | Friday, September 28, 2018

Tesla Direct Offers Free Delivery to Your Home or Office

The latest Model 3 issue being dealt with is the lack of vehicle carriers, so Tesla is building them itself. Earlier this month, Musk said the company is on track for their most wonderful quarter. Musk won't ...More..

Federal Reserve raises rates and says pace of increases will accelerate
by | Thursday, September 27, 2018

Federal Reserve raises rates and says pace of increases will accelerate

The Federal Reserve increased the target range for its benchmark interest rate to two to two-point-two-five percent, . setting the rate at its highest level since April 2008. "It's a concern", Powell said. But ...More..

by | Thursday, September 27, 2018

PM defends negotiators after Trump slams Canada

That's the mother lode, that's the big one". Lighthizer said the timetable for the new deal was set up so Pena Nieto can approve it before he leaves office on November 30 - an arrangement that's acceptable to...More..

End of an era as Rupert Murdoch sells £11.6bn Sky stake
by | Thursday, September 27, 2018

End of an era as Rupert Murdoch sells £11.6bn Sky stake

The move lets Fox focus on another megadeal underway: The majority of the company will be sold to Walt Disney Co .in a $US71 billion ($98 billion) transaction that's slated to close next year. Comcast's vict...More..

by | Thursday, September 27, 2018

Iran tankers turn off trackers as U.S

US President Donald Trump should stop interfering in the Middle East if he wants the price of oil to stop rising, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Wednesday. Earlier, there were re...More..

Federal Reserve raises US central bank's rate to 2.25%
by | Thursday, September 27, 2018

Federal Reserve raises US central bank's rate to 2.25%

Officials voted unanimously Wednesday on the increase, which will bring the benchmark federal-funds rate to a range between 2% and 2.25%. That tight policy stance is projected to stay level through 2021, the ...More..

Trump says refused to meet Canada's Trudeau at UN
by | Thursday, September 27, 2018

Trump says refused to meet Canada's Trudeau at UN

Shortly after Trump's news conference, the Prime Minister's Office disputed the president's statement - insisting it did not request a meeting. "[Mr Trudeau's] tariffs are too high and he doesn't seem to want...More..

by | Wednesday, September 26, 2018

NAFTA deal ‘meaningless’ without protection from Trump auto tariffs, Canadian ambassador says

Mexico and Canada have historically been united in opposition against any changes in trade policy with the USA, but Mexico's leadership has been reluctant to stall any further progress. "I think everybody knows...More..

by | Wednesday, September 26, 2018

Trudeau says Canada won’t be rushed on NAFTA

Under a USA legal process known as Trade Promotion Authority that was invoked to revamp NAFTA, Americans lawmakers need to review the text of the agreement 60 days before President Donald Trump can sign it. Aft...More..

by | Wednesday, September 26, 2018

Oil jumps, then pares gains as Trump pressures Opec again

It could cause Washington to take extraordinary steps, including the use of the Strategic Petroleum Reserve, to cool down the crude oil and other fuel prices ahead of the US mid-term elections. On Tuesday, Br...More..

European Union open to free trade but not Chequers customs plan - document
by | Wednesday, September 26, 2018

European Union open to free trade but not Chequers customs plan - document

After being apparently taken aback by fellow leaders' stance in Salzburg, May complained that the European Union had not detailed its reasons for rejecting Chequers, named after her residence where she hammered...More..

Oil rises above $80 as OPEC stops short of pledging more output
by | Wednesday, September 26, 2018

Oil rises above $80 as OPEC stops short of pledging more output

Earlier, oil prices had surged on worries about global supply after US sanctions on Iran's oil exports take effect November 4. The United States will target Iran's oil exports with sanctions from Nove...More..

Trump boasts of America's might, draws headshakes and laughter at UN
by | Wednesday, September 26, 2018

Trump boasts of America's might, draws headshakes and laughter at UN

In his first speech before the United Nations, President Donald Trump stood before the hall's iconic green marble wall and deployed for the first time in person his infamous moniker aimed at North Korea's ...More..

Michael Kors to buy Versace for $2.1B
by | Wednesday, September 26, 2018

Michael Kors to buy Versace for $2.1B

The company said it plans to increase Versace's sales to US$2 billion annually, more than double the current level, expanding the number of stores globally to 300 from about 200 and accelerating e-commerce de...More..

Instagram founders depart Facebook after clashes with Zuckerberg
by | Tuesday, September 25, 2018

Instagram founders depart Facebook after clashes with Zuckerberg

At the time Instagram was ad-free, with a loyal following of 31 million users who were all on mobile devices _ still a somewhat elusive bunch for the web-born Facebook back then. Facebook's stock hasn't rec...More..

Trump’s Trade War With China Could Hit Energy Exports
by | Tuesday, September 25, 2018

Trump’s Trade War With China Could Hit Energy Exports

China yesterday accused the United States of using false accusations on trade to "intimidate" other countries, as the tariff battle between the global giants intensifies. Rob Carnell, ING's chief Asia economist...More..

Barrick and Randgold merger creates £14bn gold mine giant
by | Tuesday, September 25, 2018

Barrick and Randgold merger creates £14bn gold mine giant

Barrick shareholders will end up owning about 67% of the new company. The deal value, at 48.5 pound-a-share, matched Randgold's market capitalization as of Friday's close. "Randgold has the best record of pr...More..