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Saudi wealth fund PIF has shown no interest in bankrolling Tesla buyout

Saudi wealth fund PIF has shown no interest in bankrolling Tesla buyout

Elon could wind up in trouble if he had no factual basis for making the claim "funding secured". Tesla's board has not received a detailed financing plan from Chairma/CEO Musk, and is seeking mor...

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Draper identifies Utah firefighter killed battling huge blaze in California

Draper identifies Utah firefighter killed battling huge blaze in California

The fire is burning near the Mendocino National Forest, about 140 miles northwest of Sacramento. The Mendocino Complex Fire - comprising the River Fire and the Ranch Fire - is the largest record...

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Tesla board forms a committee to weigh Musk’s proposal of going private

Tesla board forms a committee to weigh Musk’s proposal of going private

Musk further claimed that he had the " funding secured " to take the company private, an act that would cost up to $70 billion. Musk said that since his Twitter post on the possibility of a deal the...

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Turkey's lira crisis: 'economic war' sees Erdoğan look east for new allies

Turkey's lira crisis: 'economic war' sees Erdoğan look east for new allies

Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira drove demand for safe harbors, including the USA dollar, Swiss franc and yen. The lira recov...

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Lira crashes as U.S. slaps tariffs on Turkey

Lira crashes as U.S. slaps tariffs on Turkey

One of the triggers of the turmoil has been a standoff with the US over a detained American pastor that Turkey, a North Atlantic Treaty Organisation ally, has put on trial for espionage and terror-rel...

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Eat Free at McDonald’s for Life With the Mcgold Card

Eat Free at McDonald’s for Life With the Mcgold Card

Though meant to generate attention, the promotion actually could be a marketing McCoup for the Golden Arches. Big Macs for 50 years? One victor will win an elusive McGold Card from McDonald's . D...

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Trump doubles steel and aluminium tariffs on Turkey

Trump doubles steel and aluminium tariffs on Turkey

Turkey remains at loggerheads with the United States in one of the worst spats between the two North Atlantic Treaty Organisation allies in years over the detention for the last two years of Ameri...

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Tech stocks take Nasdaq, S&P close to record

Tech stocks take Nasdaq, S&P close to record

Tesla Inc's (TSLA.O) shares also fell to a two-day low and wiped out all of the gains fuelled by Chief Executive Elon Musk's recent tweet announcing a plan to take the company private. Seven of the 1...

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Turkey's floundering economy exacerbated by Trump tariffs

Turkey's floundering economy exacerbated by Trump tariffs

Mr Trump has castigated Turkey for detaining American pastor Andrew Brunson , who is on trial for terrorism charges for allegedly associating with plotters of the failed 2016 coup against Mr Erdogan....

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Tesla shares down as Wall Street digests take-private plan

Tesla shares down as Wall Street digests take-private plan

Musk didn't expand on what he meant by the tweet on Twitter but he did send out an internal memo to employees to explain the rationale behind the tweet highlighting three main reasons behind his int...

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Elon Musk tweets he has funding to take Tesla private

The SEC did not immediately respond to a request for comment on Musk's tweet . In fact, Tesla has turned a narrow profit in only two quarters since it became a public company in 2010. The surpris...

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Trump reinstates Iran sanctions, slams 'horrible' nuclear deal

Trump reinstates Iran sanctions, slams 'horrible' nuclear deal

After months of fierce rhetoric, Trump surprised observers last week when he offered to meet with Rouhani without preconditions. Under that deal, nuclear-related Western sanctions on Iran were lif...

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White House Urges China Address ‘Unfair Trading Practices’ Not Tariff Retaliation

White House Urges China Address ‘Unfair Trading Practices’ Not Tariff Retaliation

It said the retaliatory duties of 25 percent, 20 percent, 10 percent or 5 percent on 5,207 products will be imposed "if the USA side persists in putting its tariff measures into effect". Beijing's ea...

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"Mac Coin" commemorates Big Mac 50th anniversary

Thankfully this coin is not digital, but rather physical, and its cost won't fluctuate. In the mad scramble to join the cryptocurrency market, McDonald's have entered the fray with the MacCoin ...

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Health alert issued for Caito Foods products due to Cyclospora concerns

Health alert issued for Caito Foods products due to Cyclospora concerns

Those who are infected might also experience loss of appetite, weight loss, stomach cramps or pain, nausea, gas and fatigue. "All of the 25 product varieties are now out of date, produced from July ...

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Harley-Davidson will launch an all-electric motorcycle

Harley-Davidson will launch an all-electric motorcycle

Coming in 2019 is the LiveWire , Harley-Davidson's first electric motorcycle. The company said it expects to improve Return on Invested Capital (ROIC), increase revenue and earnings, and return m...

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British Foreign Secretary makes 'Japanese wife' gaffe in China

British Foreign Secretary makes 'Japanese wife' gaffe in China

Britain's Foreign Secretary Jeremy Hunt (L) shakes hands with China's Foreign Minister Wang Yi before their meeting at the Diaoyutai State Guesthouse in Beijing , China July 30, 2018. An agreemen...

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United States and European Union agree to ease tensions over trade disagreements

United States and European Union agree to ease tensions over trade disagreements

The leaders agreed to "launch a new phase" in the relationship and "to work together towards zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods", Mr. The company c...

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Amazon's profit surpasses $2bn after boost from cloud and Prime

Amazon's profit surpasses $2bn after boost from cloud and Prime

The company during the most recent three quarters pulled in $6 billion in net income, a sum almost equal to its $6.1 billion profit during the prior 21 years. Net sales for Amazon Web Services , or A...

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Twitter’s stock plunges on weak user numbers

Twitter’s stock plunges on weak user numbers

Twitter's loses comes a day after Facebook made stock market history as it lost an unprecedented $120 billion in market value following its earnings report that sent investors into a panic over cooli...

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Zuckerberg loses $16 billion in record Facebook fall

Zuckerberg loses $16 billion in record Facebook fall

That could be down to the drop being a one-off, potentially following the Cambridge Analytica data sharing scandal , or even the sharing of private posts belonging to some 14 million Facebook user...

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Oil steady as U.S.-Iran row balances trade worries

Oil steady as U.S.-Iran row balances trade worries

Soleimani. A top Islamic Revolutionary Guards Corps ( IRGC ) commander in Iran says his forces are ready to confront US forces should President Donald Trump act on his warning that Tehran will "su...

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Facebook stock dives almost 20% on warning of slow revenue growth

Facebook stock dives almost 20% on warning of slow revenue growth

It also came as Europe implemented strict new data laws, which Facebook had warned could lead to fewer daily visitors in that region. "It wouldn't be surprising if a couple million very irritated ...

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China's Xi says 'no winner' in any trade war

China's Xi says 'no winner' in any trade war

Prime Minister Narendra Modi was welcomed by South African President Cyril Ramaphosa after he arrived in the country to attend the BRICS Summit beginning tomorrow. "China is the most important trade...

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Mega Millions prize approaches half a billion dollars

Mega Millions prize approaches half a billion dollars

The Mega Millions drawing will air Tuesday night on WNEP before Newswatch 16 at 11. Both tickets missed the yellow ball number, 1, that would have won them the entire pot. It now stands at $522 millio...

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Mega Millions Jackpot Increases to $433 Million Ahead of Friday Night’s Drawing

Mega Millions Jackpot Increases to $433 Million Ahead of Friday Night’s Drawing

It's been a banner year so far with two major Mega Millions jackpots already being won. The drawing was at 11 p.m. The odds of winning both jackpots are 1 in 75 quadrillion - that's 15 zeros - acc...

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Alphabet's quarterly profits fall after $5 billion European Union fine

Alphabet's quarterly profits fall after $5 billion European Union fine

Operating income for the period was $7.9bn, up 15 per cent year on year, or $2.8bn if you subtract the $5bn (€4.3bn) fine for breaking European Union antitrust rules, down 32 per cent. Including th...

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Australian farmers say Trump's $12 billion aid package will hurt them

Australian farmers say Trump's $12 billion aid package will hurt them

Agriculture Secretary Sonny Perdue said Tuesday the emergency aid package will use existing funding to mitigate the estimated $11 billion impact of "illegal tariffs" other countries have imposed ...

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White House Admits Tariffs Are Hurting Farmers As It Plans Relief Program

White House Admits Tariffs Are Hurting Farmers As It Plans Relief Program

Perdue was instructed this year to investigate potential remedy to farmers' concerns about tariffs and trade disputes between the US and its trading partners. 'What farmers in Iowa and throughout rura...

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Trump rips Fed for raising interest rates

Trump rips Fed for raising interest rates

In a portion of the interview that aired Thursday, the president said he wasn't happy about Fed rate increases. "I don't want them to be scared", he told CNBC. Responding to the president's latest...

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Modi govt slashes GST rate on several products: Here're details

Modi govt slashes GST rate on several products: Here're details

The Goods and Services Tax Council on Saturday slashed rates on over 50 products in a move aimed at appealing to traders and the middle classes as Prime Minister Narendra Modi's government eyes next y...

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Q4 FY2018 — Microsoft earnings

Q4 FY2018 — Microsoft earnings

The hit from the ongoing migration to cloud subscriptions continues; perpetually licensed commercial Office revenue was down 19 percent. Meanwhile, Microsoft's Intelligent Cloud business, which in...

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Target Releases Limited-Time Deals to Compete with Amazon Prime Day 2018

Target Releases Limited-Time Deals to Compete with Amazon Prime Day 2018

Hopefully, the website will be able to recover quickly so customers can enjoy the deals without frustration. The neat little bonus to this deal is getting a Pro Controller thrown in as well, which u...

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Trump says he's willing to hit all Chinese imports with tariffs

The White House in June already threatened to extend punishing United States duties progressively to up to US$450 billion in Chinese imports. The latest report , which cited a White House official,...

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Tesla Model 3 Performance: Musk announces more specs of future M3 rival

Tesla Model 3 Performance: Musk announces more specs of future M3 rival

The company plans to build its second plant, with a capacity to produce 500,000 cars a year, in Shanghai. Sales reports show that the company pulled out all the stops to avoid selling its 200,000t...

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