Markets

Markets Musk says he may take Tesla private and shares roar
Author: 0 Musk says he may take Tesla private and shares roar

Tesla has burned through cash while struggling to produce the Model 3 , its lowest-priced electric vehicle. But even for him, this was stunning. Tesla's shares were up 6.5% at $363.46. Tesla said in a regulatory filing in 2013 that investors interested in keeping up with Tesla should follow Musk's account. But in the latest quarterly call last week, Musk struck a more amicable tone .

Markets Unveiling of provincial buck a beer scheme expected today
Author: 0 Unveiling of provincial buck a beer scheme expected today

To provide incentives for brewers to lower their prices, the government is creating what it calls the buck-a-beer challenge, which will provide participating breweries with incentives at the provincially-owned LCBO stores. Once upon a time you could buy a beer for $1 a bottle. "Lower alcohol prices can lead to increased consumption, particularly among those with alcohol problems, and among young people, and that increased consumption can in turn lead to increased alcohol-related problems, ...

Markets Tesla shares spike, dealing short-sellers a $1.1-billion loss
Author: 0 Tesla shares spike, dealing short-sellers a $1.1-billion loss

Financial Advocates Investment Management now owns 3,864 shares of the electric vehicle producer's stock valued at $1,028,000 after buying an additional 176 shares during the period. In looking the SMA 200 we see that the stock has seen a -6.29%.The Company's net profit margin for the 12 months at -18.8%. The EPS of TSLA is strolling at -9.65, measuring its EPS growth this year at -59.7%.

Markets Fetus discovered by crew on plane from Charlotte to NY, sources say
Author: 0 Fetus discovered by crew on plane from Charlotte to NY, sources say

Monday at 10:44 p.m. NY reported the plane, flight number 1942, departed Charlotte, NC on Monday night and arrived at LaGuardia late Monday night. After the aircraft - an Airbus A321 - remained on the ground overnight, a cleaning crew came on board ahead of the plane's planned Tuesday departure.

Author: 0 Elon Musk tweets about going private and shares 'skyrocket'

Musk owns approximately 20 percent of those outstanding shares, which would lower the price tag a bit, but it would still be pretty hefty. "Plus this is short squeeze rocket fuel after a nice quarter", said analyst Chaim Siegel from Elazar Advisors.

Markets Facebook accused of asking banks for financial information about its users
Author: 0 Facebook accused of asking banks for financial information about its users

According to the report , Facebook has asked banks "to discuss potential offerings it could host for bank customers on Facebook Messenger", as well as offer a feature to display checking account balances. "Facebook has told banks that the additional customer information could be used to offer services that might entice users to spend more time on Messenger".

Markets Brian France, NASCAR chairman, arrested for DWI and criminal possession of oxycodone
Author: 0 Brian France, NASCAR chairman, arrested for DWI and criminal possession of oxycodone

Police found oxycodone pills in his possession, officers said. France went so far as to name-drop some of his powerful friends, including United States President Donald Trump , during his arrest process, per TMZ . France endorsed Trump for president at a Georgia rally in February 2016. He hit a tree in 2006, also while driving a Lexus, and a witness said he "fell over his own feet" after he got out of the auto.

Markets PepsiCo's Indra Nooyi To Step Down As CEO After 12 Years
Author: 0 PepsiCo's Indra Nooyi To Step Down As CEO After 12 Years

Nooyi will stay on as Pepsico chairman until early 2019, the company said, in order to ensure a smooth transition to her successor, Pepsico president Ramon Laguarta , reports Forbes . A file photo of Indra Nooyi . "Ramon Laguarta is exactly the right person to help build on @PepsiCo's strong position and success". Sales grew 80% during her 12-year tenure.

Markets FCA to block Mahindra Jeep copycat from entering US
Author: 0 FCA to block Mahindra Jeep copycat from entering US

The company has asked the US International Trade Commission to investigate into the Mahindra Roxor SUV that, according to FCA, has copied styling elements of the Willys Jeep that was used in the World War II. "Our action, products, and product distribution (including Roxor) both honor the legacy of the relationship and the terms of our agreements with FCA".

Author: 0 China's July exports growth still seen holding up despite US tariffs

The $34 billion of Chinese exports impacted by current tariffs amount to less than 7 percent of its total exports to the United States a year ago. The move was meant to bring China back to the negotiating table for talks over USA demands for structural changes to the Chinese economy and a cut in the bilateral trade deficit.

Markets Oil firm as Saudi output dips, Iran sanctions loom
Author: 0 Oil firm as Saudi output dips, Iran sanctions loom

U.S. West Texas Intermediate (WTI) crude futures were at $68.87 per barrel at 0647 GMT, down 9 cents from their last settlement. "Indeed, China could be motivated to import even more oil from Iran, as Iranian oil is displaced from European markets due to United States sanctions and will be marketed at a discount".

Markets People sickened in McDonald's salad outbreak
Author: 0 People sickened in McDonald's salad outbreak

Fresh Express says the bad salads were only sold to McDonald's and were not shipped to grocers. Sixteen people have been hospitalized. It can take people up to a week after ingesting the contaminated food to start feeling symptoms, and many cyclospora infections take weeks to manifest.

Markets Oil: OPEC Production Climbs As Saudi Arabia Pumps More
Author: 0 Oil: OPEC Production Climbs As Saudi Arabia Pumps More

Brent crude futures LCOc1 were at $73.42 per barrel, down 3 cents from their last close. Since Russia joined the Organization of Petroleum Exporting Countries in reducing output, crude prices have risen to three-year highs as the glutted market rebalanced.

Markets Ryanair proposes mediation in pilot strikes row
Author: 0 Ryanair proposes mediation in pilot strikes row

Ryanair's call for talks with its Ireland-based pilots' union Forsa over labour disputes has been rejected, said the airline on Thursday. Pilots in Belgium and Sweden have announced a walkout for Friday, August 10. Spanish pilots union Sepla has stated that it is suing strike-hit Ryanair in Spain's High Court over its pilot contracts. 20 flights in total have been cancelled, meaning 3,5oo passengers will have to rearrange their travel plans.

Markets Hispanic Unemployment Hits Another Record Low
Author: 0 Hispanic Unemployment Hits Another Record Low

The jobless rate had risen in June from an 18-year low of 3.8 per cent in May. On Friday, China's Commerce Ministry said a new set of proposed import tariffs on $60 billion worth of United States goods are rational and restrained and warned that it reserves the right of further countermeasures in the intensifying trade war.

Markets Iran refuses talks with U.S. under coercion
Author: 0 Iran refuses talks with U.S. under coercion

Trump's policies are already putting significant pressure on the Iranian economy, although US intelligence suggests they may ultimately rally Iranians against the United States and strengthen Iran's hardline rulers, officials say. In May, the United States pulled out of a 2015 deal between world powers and Tehran under which global sanctions were lifted in return for curbs on its nuclear program.

Markets House of Fraser risks collapse as rescue falls through
Author: 0 House of Fraser risks collapse as rescue falls through

House of Fraser yesterday (1 August) acknowledged the decision by C.banner to pull out of the deal and said it was now "in discussions with alternative investors" and is "exploring options to obtain the required investment on the same timetable".

Markets Conor McGregor will fight against Russian Khabib Nurmagomedov for UFC lightweight title
Author: 0 Conor McGregor will fight against Russian Khabib Nurmagomedov for UFC lightweight title

The lightweight title bout will headline UFC 229. Graham Kenny posted to his Instagram story plane tickets to Las Vegas flying out October 5, with a return date to London Gatwick on October 10 along with the caption: "It's on". UFC chief White has already said he is expecting the bout to sell in the region of 2 million pay-per-view buys, meaning it would beat the current record of 1.65 million for McGregor's second fight with Nate Diaz in August 2016.

Markets Ahead of trade talks, Trump asks European Union to drop all tariffs, barriers
Author: 0 Ahead of trade talks, Trump asks European Union to drop all tariffs, barriers

Now, the president is considering increasing tariffs to 25 percent. European Trade Commissioner Cecilia Malmstrom, who will accompany Juncker, said last week that the EU was preparing a list of to hit if the imposed the tariffs. In a joint news conference after their meeting, Trump said that the United States and the European Union had agreed to work together towards "zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods".

Author: 0 China to hit back at USA with 60 billion dollars tariffs

China would likely hike purchases from Saudi Arabia, Russia, the United Arab Emirates and Iraq if the tariffs slowed USA flows, said Neil Atkinson, head of the oil industry and markets division at the International Energy Agency. a year ago. "The US side has repeatedly escalated the situation against the interests of both enterprises and consumers". The inquiry found that Chinese theft of USA intellectual property was costing the US economy billions of dollars.

Markets Turkey demands USA reverse sanctions over pastor Andrew Brunson
Author: 0 Turkey demands USA reverse sanctions over pastor Andrew Brunson

Their talks came after Washington imposed sanctions on two of Turkey's ministers over the trial of a United States pastor Andrew Craig Brunson accused of backing terrorism. Hours before the sanctions were announced , President Recep Tayyip Erdogan accused Washington of showing an "evangelist, Zionist mentality". The meeting was the first between the countries' officials after Ankara vowed it would respond to sanctions with retaliatory measures.

Markets Apple got to $1 trillion the right way
Author: 0 Apple got to $1 trillion the right way

Shares have since nosed down, to $206.26 per share, as of 12:05 p.m. ET. Well, it's happened. Apple is now officially the first trillion-dollar American company , after its stock price ended yesterday at $207.39. " Apple's growing share of the high-end smartphone market positions the company with a strong, loyal customer base that could enable Apple to maintain the high levels of annual iPhone sales despite the higher (selling prices) for the iPhone X ", Walkley says.