Money

Tesla 3Q production numbers up but can they be sustained?

Tesla 3Q production numbers up but can they be sustained?

The company said on Tuesday it missed its production target of 6,000 Model 3s by 700 cars in the final week of September and outlined hurdles it faced due to the worsening of President Donald Trump's trade war with China. As part of a settlement agreed with the commission for that tweet, Elon was made to pay a penalty of $20 million as well as agreeing to step down as Tesla's chairman. Read More

Continue Reading »

Trump Hails 'Terrific' Trade Deal with Canada, Mexico

Trump Hails 'Terrific' Trade Deal with Canada, Mexico

Trump also threatened to tax Canada's auto exports into the United States if it did not agree to America's demands. Canadian Prime Minister Justin Trudeau said he would continue to press for the lifting of the tariffs. Trump said he would sign the final agreement in late November, in about 60 days, and the pact is expected to be signed by Trudeau and outgoing Mexican President Enrique Pena Nieto before he leaves office December 1. Read More

Continue Reading »

Tesla shares jump on Model 3 numbers, Musk settlement

Tesla shares jump on Model 3 numbers, Musk settlement

Hitting production and delivery targets has become increasingly important for Tesla's relationship with Wall Street investors after the auto maker struggled to increase production to meet demand of its new Model 3 electric vehicle. Tesla is due to appoint two new independent directors, with the board expected to oversee Musk's communications with investors. "The resolution is meant to prevent further market disruption and harm to Tesla's shareholders", Peikin added. Read More

Continue Reading »

Elon Musk Resigns As Chairman Of Telsa

The settlement involved a hefty fine worth a total of $40 million, as well as Musk's resignation as Chairman for Tesla's Board of Directors, but it did allow him to keep his post as CEO . As part of the settlement, Tesla will appoint an independent chairman, two independent directors, and a board committee to set controls over Mr Musk's communications under the proposed agreement. Read More

Continue Reading »

Fed hikes key rate for third time this year

Fed hikes key rate for third time this year

While measured labor productivity has tilted up in the a year ago, the growth in the labor force (and steady labor force participation rate) is exceeding the Fed's assumptions. "When the rate environment is changeable like it is now, consumers really need to keep their eyes open", Barrington said. "They came out very negative before it was even voted on", she said. Read More

Continue Reading »

Oil prices surge to near four-year high

Oil prices surge to near four-year high

OPEC leader Saudi Arabia and its biggest ally outside the group, Russia , have pushed back against complaints by US President Donald Trump that oil prices are too high, Reuters reported . President Donald Trump for action to raise global supply. The market was "increasingly concerned about dwindling (U.S.) inventories", ANZ bank said on Monday. Read More

Continue Reading »

Oil ETFs Strengthen on Deeper U.S. Inventory Drawdowns

Oil ETFs Strengthen on Deeper U.S. Inventory Drawdowns

US President Trump had some choice of words for the Organization of the Petroleum Exporting Countries ( OPEC ) members Thursday (September 20) morning ahead of the group's meeting in Algeria on Sunday (September 23). "We will remember", he tweeted . USA sanctions on Iran are set to hit Tehran's oil sales on November 5, with S&P Global Platts Analytics forecasting that up to 1.4 million b/d of Iranian supplies will be shut-in. Read More

Continue Reading »

Oil holds near $80, supply concern expected to underpin prices

Oil holds near $80, supply concern expected to underpin prices

US West Texas Intermediate (WTI) crude was up 90 cents at $69.80 per barrel, after rising over $1 to $69.95 a barrel. Washington aims to cut Iran's oil exports down to zero to force Tehran to re-negotiate a nuclear deal. Oil prices were steady on Wednesday as concerns that producers will not be able to respond to a shortfall in supply once USA sanctions on Iran are enacted outweighed a gain in stockpiles in the United States, the world's biggest oil user. Read More

Continue Reading »

Iran to Store Its Oil in Fleet of Supertankers

Iran to Store Its Oil in Fleet of Supertankers

He said efforts by US President Donald Trump to remove Iran from the oil market through sanctions had allowed Russian Federation and Saudi Arabia to take OPEC as a hostage. A slowdown in USA production growth next year comes at a delicate time for oil markets, especially with Iran production being curtailed while uncertainties remain in Venezuela , Libya and Nigeria , all three are OPEC producers. Read More

Continue Reading »

Trump made false claim about economy, GDP, unemployment rate: White House

Trump made false claim about economy, GDP, unemployment rate: White House

But the Obama administration also celebrated economic gains, with a 5.1 percent GDP in the second quarter of 2014 and four quarters of growth above the 4.0 percentage rate. Trump went on to argue, "I guess I have a magic wand, 4.2%, and we will do MUCH better than this!" "When you hear how great the economy's doing right now, let's just remember when this recovery started", he said in a speech kicking off a midterm campaign blitz. Read More

Continue Reading »

Trump Ready to Tax an Additional $267B in Chinese Imports

The Trump administration is reportedly considering using an Obama-era executive order to slap new sanctions on Chinese entities using cyberattacks to steal US intellectual property. is looking for a deal with China to end the trade war between the world's two biggest economies. Lighthizer is due to meet Monday in Brussels with EU Trade Commissioner Cecilia Malmstrom to resolve the dispute ignited when Trump imposed steep duties on all steel and aluminum imports. Read More

Continue Reading »

Friends prank McDonalds with poster kept up for 51 days

And hopefully one day I could see someone like me on the big screen. With the help of a couple of friends, the mission was complete and now nearly two months later, the poster is STILL UP. Jehv Maravilla was one of the friends. He told USA Today: "Like, for Asian men". 'They had other races, but no Asians so we felt like it was our duty to put ourselves up there, ' Maravilla said. Read More

Continue Reading »

Mass. primary stunner, Pressley unseats incumbent Rep. Capuano

Mass. primary stunner, Pressley unseats incumbent Rep. Capuano

Pressley conceded throughout the race that there was little policy daylight between her and Capuano, though she did go further than him by calling for the abolishment of the Immigrations and Customs Enforcement agency. The prospect of a Pressley upset had drawn some comparisons to Alexandria Ocasio-Cortez's defeat of Crowley in June . " Ayanna Pressley is going to be a good congresswoman", he said . Read More

Continue Reading »

Amazon temporarily became a $1 trillion company

Amazon temporarily became a $1 trillion company

That milestone, just a month after it reached a $900 billion valuation threshold. Analysts expect Apple's revenue to jump 14.9 percent in its fiscal year ending in September, according to Thomson Reuters data, a hefty rise but still far short of Amazon's expected revenue growth of 32 percent for 2018. Read More

Continue Reading »

Fuel prices to remain unchanged: Radebe

Fuel prices to remain unchanged: Radebe

Since August 16, petrol prices have risen by over Rs 2 per litre. Petrol price in Delhi rose to a record Rs 79.31 per litre and diesel climbed to a fresh high of Rs 71.34, according to price notification of state-owned fuel retailers. Rising fuel prices may also compel travel agents to increase rates by 10% for private cars/buses hired for picnics and weddings, sources said. There is a pressure on oil prices due to decrease in production. Read More

Continue Reading »

Alberta government to provide financial update on heels of Trans Mountain bombshell

Alberta government to provide financial update on heels of Trans Mountain bombshell

January 11, 2017: B.C. Premier Christy Clark announces her support for the project, saying Kinder Morgan has met five government conditions including a revenue-sharing agreement worth up to $1 billion. The court also found that during the final phase of Indigenous consultation, the government's representatives limited their mandate to listening to and recording the concerns of the Indigenous applicants and then transmitting those concerns to the decision-makers. Read More

Continue Reading »

California Blockchain Bills Would Enable New Understanding, Private-Sector Trial

California Blockchain Bills Would Enable New Understanding, Private-Sector Trial

California lawmakers voted to give a reprieve to Pacific Gas & Electric Co., and took steps toward reducing years of secrecy surrounding police misconduct on the busy final day of the two-year legislative session. "However, the legislation includes extreme provisions rejected by the Obama FCC in 2015 and could threaten the innovation and investment that are the backbone of California's economy". Read More

Continue Reading »

Bruce Heyman on Canada and US trade

Bruce Heyman on Canada and US trade

But in recent weeks, Washington and Mexico City made a decision to tackle their own bilateral issues first. Trump announced the deal from the White House on Monday , calling it a "big day for trade ". But they do have one thing going for them - Trump needs a win going into the US midterms, especially after the legal mess in which he's become entangled in the last week. Read More

Continue Reading »

Trump says US market would 'crash' if he were impeached

Trump says US market would 'crash' if he were impeached

The storm reached new heights Tuesday when President Donald Trump's former campaign manager Paul Manafort was convicted by a jury and Trump's former personal lawyer Michael Cohen pleaded guilty to separate felonies . According to the court filing, Cohen and Pecker worked to suppress potentially damaging claims against candidate Trump, with AMI using a tabloid tactic called "catch and kill". Read More

Continue Reading »

Britain Calls For More EU Sanctions On Russia

Britain Calls For More EU Sanctions On Russia

In June, the United States sanctioned Divetechnoservices, also based in Saint Petersburg, for procuring underwater equipment and diving systems for Russian government agencies, including Russia's FSB intelligence agency. What else will the Foreign Secretary be doing in Washington? According to Mitchell, foreign direct investment in Russian Federation has fallen by 80 percent since 2013, " which is a pretty stunning number ". Read More

Continue Reading »

China, US to Resume Trade Talks This Month

China, US to Resume Trade Talks This Month

The Wall Street Journal reported that the talks in Washington would take place on August 21 and 22, just before $16 billion in new USA tariffs on Chinese goods take effect, along with an equal amount of retaliatory tariffs from Beijing . The last round of talks took place in early June, . when U.S. Commerce Secretary Wilbur Ross met Chinese Vice Premier Liu He in Beijing . Mr Trump said in a tweet in April: "Russia and China are playing the Currency Devaluation game as the USA keeps ... Read More

Continue Reading »

Turkish president says country will boycott iPhones

Turkish president says country will boycott iPhones

Last week, Washington imposed sanctions and raised tariffs against Ankara over the continued detention of American pastor Andrew Brunson . American pastor Andrew Brunson , if convicted, faces a jail term of 35 years. very unfairly, very badly". The Turkish currency has lost about 40 percent of its value this year against the us dollar . "Turkey is not in favor of an economic war, but we can not remain with no reaction if there is an attack on us", Erdogan spokesman Ibrahim ... Read More

Continue Reading »