Money

by | August 08, 2018 | 09:28

The disclosure initially raised questions whether the eccentric Musk was joking, but he then amplified on his plan in a subsequent tweet that said he meant to create a special fund that would allow all current Tesla shareholders to retain a stake in the vehicle maker if they want.

by | August 06, 2018 | 00:58

Prices had tumbled to a six-week. Crude oil production is now expected to average 11.8 million bpd in 2019. Meanwhile, according to EIA, U.S. crude oil production was 10.9 million barrels per day which was 100,000 barrels per day lower than the previous week.

by | August 05, 2018 | 22:14

Their arrival means state carrier Iran Air has received 13 of the 20 it ordered from the French-Italian manufacturer in April 2017. The Chinese position comes as the debate over the Iranian deal butts up against tense U.S. To keep its shipment flowing Iran has offered insurance for oil cargo and ships to supply oil to India, its top oil client after China . But as Ritterbusch indicated, jittery traders could send prices in one direction or another based on whatever analytical theory makes ...

by | August 05, 2018 | 20:13

Thirty-seven percent of responding small business owners said they had job openings they could not fill, the highest number since the Monthly Jobs Report began, the NFIB said August 2. The U.S. central bank said "the labor market has continued to strengthen and economic activity has been rising at a strong rate". Employment gains remained strong in manufacturing and other tradeable goods industries, while all of the job growth slowdown in July occurred in the service-producing industries ...

by | August 03, 2018 | 14:14

What does the interest rate rise mean for me? Investec economist George Brown said he is "fairly confident" the Bank will move to raise rates and is pencilling in an 8-1 vote in favour, with Sir Jon Cunliffe the only dissenter. With the increase in lending rate, HDFC will see a positive impact on margins in the coming quarters. "If we voted leave this is not our problem, this is the EU's problem, they need to work out what is going to happen with the single market".

by | August 02, 2018 | 16:34

Tesla has released its second-quarter earnings for 2018, revealing a US$717.5 million ($969 million) loss, but there's a bit to suggest things are looking up in Silicon Valley. " TSLA is accommodating Model 3 customers who are willing to pay for premium features - making the auto more of a luxury item with a smaller addressable market than the mass market vehicle TSLA had promised".

by | August 02, 2018 | 10:56

Turkey has waged a two-year effort to have Gulen extradited from the United States. Speaking privately to journalists late Saturday, President Erdogan broke his silence on the crisis, saying the USA can't use sanctions to make Turkey back down.

by | August 01, 2018 | 08:59

Investors reacted enthusiastically, driving the stock up 5% in after-hours trading to $195.90 a share. Apple sold 11.6 million iPads, 41.3 million iPhones, and 3.7 million Macs during the quarter. iPhone shipments totaled 41.3 million, or an increase of 1% on the year. Apple's stock closed Tuesday at $190.29, with a market cap of $935.3 billion.

by | July 31, 2018 | 17:48

This new product and broader distribution is meant to fuel Harley-Davidson's customer access and growth in India, one of the largest, fastest growing markets in the world, and other Asia markets. There are notes to the effect that penetration into the Asian markets is on the cards, but although Harley-Davidson Australia have been contacted for comment, there is no information on that at this time.

by | July 30, 2018 | 07:13

The Peterson Institute for International Economics estimates American farmers face 25 percent tariffs on more than $12 billion worth of soybean exports to China. The daily reports that the European Union leaders had agreed to this move back in May, even though U.S. gas is as much as 20% more expensive than Russian gas delivered to the EU.

by | July 28, 2018 | 20:19

The quarter marked the first time overseas revenue contributed the majority of Twitter's total advertising sales. Twitter's share price dropped almost 20 percent after the earnings report , matching a similar decline in Facebook's stock after its earnings report showed challenges ahead, partly a result of confronting toxic elements, too.

by | July 28, 2018 | 19:48

Other prominent social media slid Thursday afternoon. "I'm Jewish, and there's a set of people who deny that the Holocaust happened", Zuckerberg explained, according to Fox News . At the stock's lowest point, more than $148 billion of the company's value - significantly more than the entire market cap of IBM ($134 billion) - had been wiped out.

by | July 26, 2018 | 13:58

This was the fifth largest jackpot in the history of the game. Since that day, more than 14 million winning tickets have been sold. Six winning tickets were also sold worth $1 million, two of which were sold in New Jersey. The jackpot was up to a whopping $522 million. More than a million people won a smaller prize Friday night, payouts which occurs if an individual matches a few numbers but not all.

by | July 26, 2018 | 13:32

The deal involved the European Union importing more USA soybeans, lowering industrial tariffs and working on an agreement to import more liquified natural gas (LNG) from America, according to a Dow Jones report. Recently, Trump has threatened a 25% tariff on European autos, a warning that seems to have been staved off. "A breakthrough has been quickly made that nobody thought possible!", he tweeted on Wednesday.

by | July 26, 2018 | 10:45

It reported 2.23 billion monthly active users and 1.47 billion daily active users, which were both up 11 percent year-over-year but narrowly missed estimates. Facebook faced a tougher climate in Europe since the new General Data Protection Regulation took effect at the end of May. In the United Kingdom, especially, Facebook drew the ire of lawmakers, who hit the social network with a $650,000 fine, the maximum amount allowable for mishandling user data.

by | July 25, 2018 | 15:46

U.S. President Donald Trump takes to the stage to address to the Veterans of Foreign Wars' 119th VFW national convention in Kansas City, Missouri, U.S., July 24, 2018 . Under the new plan, the USA government will provide direct financial assistance to farmers, as well as do things like buy up surplus agricultural products and put them into low-income food assistance programs.

by | July 24, 2018 | 18:54

The WSJ calls the sum "meaningful", and reports that the refunds are on payments made since 2016. Morningstar's David Whiston writes that while auto makers face "brutal" pricing demands on suppliers for future work "but retroactive rebates is not something we hear much about, and this is troubling for us to hear".

by | July 23, 2018 | 12:38

Still, new tariffs could help Trump's Republican party going into November's congressional elections. China's yuan continued its steady decline on Friday, defying US President Donald Trump's warning over the dollar's rise and providing Beijing with a buffer against punitive trade tariffs imposed by Washington.

by | July 23, 2018 | 10:53

Reactions flowed in from many women politicians after Finance Minister Piyush Goyal announced that sanitary pads are now 100 percent exempt from tax. Goyal asserted on the importance of reducing the tax on ethanol, as not only is it used for blending with petrol and diesel, it is also vital for the sugar industry, and will thus be very beneficial for the sugarcane farmers.

by | July 21, 2018 | 11:41

Revenue came in at $23.3 billion in the same quarter a year ago. Helped by a boom in demand for cloud-based software, Microsoft has more than doubled in value since Satya Nadella took over as chief executive in 2014 and refocused the software behemoth on newer businesses.