Finance

SEC Lawsuit Against Musk Wiped $7.3 Billion From Tesla’s Market Value

Still, despite the ever-present controversy and turmoil surrounding Musk and his baby, Tesla still has a ton of believers on social media. Shares of Tesla ...


Elon Musk steps down as Tesla Chairman after Controversial Tweet

The stock was up 16.71% to $309.02 per share at 8:25 a.m.in NY. Mr Musk and Tesla Inc have also agreed to pay $20m each to financial regulators. Tesla had...


Talks intensify between Canada and US with NAFTA deadline looming

Canadian President Justin Trudeau this week fired back, saying, "Americans are finding that the negotiations are tough because Canadians are tough negotiators...


Freebies on National Coffee Day - Saturday, Sept. 29

Don't worry, iced coffee lovers, you can still get your caffeine fix on ice at many locations , too- but there's actually a separate National Iced Coffee Day o...


U.S. stocks end lower as Fed lifts interest rates again

Powell said that the US economy is in a "particularly bright moment", which would point to continued increases in rates. In a news conference after its meetin...


Elon Musk Sued By The US Government For Bamboozling Investors

Tesla did not respond to a request for comment. Musk denied the charges, saying in a statement , "This unjustified action by the SEC leaves me deeply sadden...


Elon Musk: 5 things to know about the SEC's fraud complaint

Shares in Tesla are expected to plummet following the announcement. Tesla has always weathered these storms, and its continued ability to stay afloat amid the...


Facebook says 50 million users affected by security breach

It has also reset the access tokens of the 50 million accounts it knows were impacted, in order to protect their security. 'Access tokens are the equiva...


UK PM May's ministers still fully behind her Brexit plans: spokesman

The meeting was called in part to discuss post-Brexit immigration policy after an expert report recommended European Union nationals should be subject to the ...


Tesla Will Now Make Its Own Car Carriers

Elon Musk said Tesla was experiencing ' delivery logistics hell' as it tries to deliver all of the new Model 3's rolling off the assembly line at its Fre...


Trump claims he rejected Trudeau meeting over Nafta frustrations

That came after the incident on Tuesday in which Mr Trump appeared to rebuff Mr Trudeau when he approached to shake hands, even though the Canadian leader downp...


21st Century Fox agrees to sell 39% Sky stake to Comcast

It follows the dramatic Saturday auction, which saw Comcast win a three round bidding process with an offer of £17.28 per share, valuing Sky at almost £30bn. th...


India should reduce or stop crude oil import from Iran: Moody's

The kingdom, OPEC's top producer, came under renewed pressure last week from U.S. President Donald Trump to cool oil prices ahead of a meeting in Algiers be...


Fed hikes interest rates amid rising inflation

Despite President Trump 's unusual public criticism of their monetary policy, Federal Reserve officials inched up their key interest rate again on Wednesday ...


Canada deal in doubt; focus shifts to Japan trade talks

The U.S.is also threatening similar tariffs on auto imports. They've also helped increase prices, and resulted in profits, for the US industry. "It would be unf...


Major traders are talking about $100 oil again Oil&Gas 11:29

Oil investors are "trading the weekend news very favorably", said Stephen Innes, Singapore-based head of Asia Pacific trading with Oanda Corp. A second round ...


Oil prices falter as Donald Trump ups pressure

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 ah...


Michael Kors buys Versace for $2.1 billion

Have no fear. The designer is keeping her role as creative director. Versace was one of the few Italian fashion companies to remain independent, until now. ...


DeVere CEO predicts big things for Ripple XRP as usage soars

However the much hyped " flippening " of XRP overtaking ETH for the number two spot has been undone after ETH continued to see rising prices while XRP sta...


OPEC conference president says current oil outputs enough for balanced market

J.P. Morgan said in its latest market outlook, published on Friday, that "a spike to $90 per barrel is likely" for oil prices in the coming months due to the ...


Instagram Founders Resign From Facebook

They continued to run the image-sharing app until its Facebook acquisition in 2012, the BBC reports . At the time Zuckerberg said that Facebook was com...


Is Michael Kors buying Versace for $2bn?

The Versace family controls 80 percent of the company while Blackstone owns the remaining 20 percent. But word that a deal is close sent Kors shares down ne...


Six Flags Fright Fest 30-Hour Coffin Challenge

The theme park has announced a competition inviting guests to stay in a tight coffin for almost 30 hours straight. To top it off, phone charging stations will...


China accuses US of 'trade bullyism' as both sides impose fresh tariffs

Meanwhile, $US110 billion of goods from the US will become subject to Chinese retaliatory tariffs around the same time. Earlier this week, the U.S. slapped an...


Tight or well-supplied? The crude oil market dilemma

Sunday's meeting in Algiers brought together OPEC oil ministers and non-OPEC signatories to the 2016 agreement as they seek to extend their cooperation. In addi...


Comcast Muscles Fox Aside With $39 Billion Offer for Sky

Rupert Murdoch's 21st Century Fox lost out to USA broadcasting company Comcast in a blind auction for the controlling stake of Sky. At the time of the initial...


Porsche confirms it will no longer offer diesel engines

Porsche's chief executive Oliver Blume insists the company is "not demonising diesel ", but it's clear public demands are changing. Porsche has also annou...


Sacked ABC managing director Michelle Guthrie "devastated" considering legal options

Appointed to the role in May 2016, Guthrie was the ABC's first female managing director. Michelle Guthrie , ABC's managing director who was sacked by the...


Sewing needles removed from Woolies' shelves amid strawberry scare

New South Wales Police say that the boy's actions "may be a prank ". "As a precautionary measure, the ministry, through the Food Safety and Quality Division...


S Korean firms to continue coop. with Iran despite U.S. sanctions

According to the report, a division of the state-owned National Iranian Oil Company owns 15.4 percent of the stock in Chennai, seriously elevating the risk for ...


Oil prices drop on Trump's message to OPEC

His complaint follows signals from Saudi Arabia that it was content to see prices climb above $80 a barrel. A few days back, the EIA predicted that the US cru...


Oil prices drop as escalating U.S.-China trade war…

Brent for November settlement fell 9 cents to $78.09 a barrel on the ICE Futures Europe exchange. US crude inventories fell 2.1 million barrels last week to 3...


Coca-Cola wants to make weed-infused drinks

However, in a statement on Monday Coke said they are "closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages". ...


Passengers hurt after Jet Airways flight loses cabin pressure

The airline later issued a statement , which read, " Jet Airways flight 9w 697 Mumbai to Jaipur of 20th September 2018 made an air turn back due to loss in...


Audi launches electric SUV in grab at Tesla's market share

At this stage no word on when other regions across the globe will be able to drive the Audi e-tron. The luggage area measures 660L with the second row in pl...


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