Money

Money Elon Musk steps down as Tesla Chairman after Controversial Tweet
Author: 0 Elon Musk steps down as Tesla Chairman after Controversial Tweet

Musk is now required to step down as chairman of Tesla within 45 days, and he is not permitted to be re-elected to the post for three years. He can not seek re-election for three years, according to court filings. Tesla in recent years has become one of the most valuable American auto maker, with its stock worth more than $50 billion. On Friday, its stock dropped nearly 14 per cent.

Money U.S., Canada reportedly conclude new NAFTA deal
Author: 0 U.S., Canada reportedly conclude new NAFTA deal

The flags of Canada , Mexico and the USA are seen on a lectern before a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico, March 5, 2018. In 2017, imported cars accounted for 44 percent of USA vehicle sales. The U.S. has indicated that it is prepared to move forward with the deal, whether it's a bilateral or trilateral text they submit for Congress to review.

Money Air Force Awards Boeing $9 Billion Contract
Author: 0 Air Force Awards Boeing $9 Billion Contract

Lockheed, the manufacturer of the F-35 Joint Strike Fighter, is the world's largest defense contractor by a wide margin, taking in $50 billion in US contract dollars a year ago compared with Boeing's $23 billion. That strategy has proved costly so far on the KC-46, with Boeing racking up cost overruns totaling $3.4 billion to date. We at The War Zone have already noted that the size of T-X program could attract additional buyers, either in the form of USA allies or private contracts.

Money Ryanair cancels flights as strike hits Europe
Author: 0 Ryanair cancels flights as strike hits Europe

On Thursday the airline said pilots in Germany would also be going on strike, with up to 100 flights shelved as a result. The airline said it expected 90% of its flights to run as scheduled, and that replacements or refunds have been offered to affected passengers.

Money Bed Bath & Beyond plunges amid surprise drop in same-store sales
Author: 0 Bed Bath & Beyond plunges amid surprise drop in same-store sales

Bed Bath & Beyond Inc. subtracted -8.12% in the previous 6-months. Investors and Traders continue to monitor technical levels of shares of Bed Bath & Beyond Inc. and Bed Bath & Beyond wasn't one of them! The market capitalization of the corporation settled $2.64B whereas it's P/B Ratio was 0.88. (NASDAQ: BBBY ) is predicted at 0% while Yamana Gold Inc.

Money Volkswagen partners with Microsoft in cloud push
Author: 0 Volkswagen partners with Microsoft in cloud push

VW will channel all of its digital offerings through Microsoft's Azure software, creating the world's largest automotive cloud of its type in an effort that'll help streamline future developments, the Wolfsburg, Germany-based company said Friday in a joint statement.

Money Amazon Opens Store In SoHo
Author: 0 Amazon Opens Store In SoHo

The news denotes Amazon's most recent attack into the turf of adversaries, for example, Target Corp (TGT.N), which has sought urban customers with new little arrangement stores. Customer can also can test-drive Amazon devices along with smart home accessories that work with Alexa. Of course, the new Amazon retail store will sell various Amazon Devices including Echo Spot, FireTV Stick, and about-to-arrive Amazon Microwave.

Money Hong Kong home prices fall for first time in 29 months
Author: 0 Hong Kong home prices fall for first time in 29 months

The 20-city index listed Chicago as the only undervalued housing market, reported Bloomberg . Unlike the boom of the mid-2000s, there's no evidence of simultaneous excesses in lending and construction, and outstanding mortgage volumes are growing at about half of the rate of the pre-crisis period, according to the report.

Money Tesla’s Elon Musk sued by SEC over fraud allegations
Author: 0 Tesla’s Elon Musk sued by SEC over fraud allegations

At the time, he tried to justify his tweet by explaining how representatives from the fund - already holding a sizeable stake in Tesla - have been pushing him to take the company private for nearly two years, promising to provide the needed funds.

Money BMW i3 Range Upgraded to 153 Miles
Author: 0 BMW i3 Range Upgraded to 153 Miles

The new model increases that capacity to 120 Ah while its gross energy content hits 42.2 kWh. The last time was in 2017 when a 33 kilowatt-hour battery was added that delivered roughly 115 miles of range. What's New: Adaptive LED headlights with matrix high beams that selectively deactivate zones of the high beam based on traffic conditions are now available.

Money Facebook hack exposes personal information of 50 million users
Author: 0 Facebook hack exposes personal information of 50 million users

In March this year the FTC said it had opened an inquiry into Facebook's privacy practices, including whether the company violated the earlier agreement, which would incur hefty fines. The company says hackers were able to steal and utilize log-in keys for profiles using a sophisticated scheme. The company has also turning off the " View As " feature while they conduct a thorough security review.

Money McDonald's is officially changing their burgers in Canada
Author: 0 McDonald's is officially changing their burgers in Canada

Only the pickle slices still contain an artificial preservative, the American fast food giant said, noting that "customers are able to skip it if they prefer". The company just announced that a majority of their burger's are now free of preservatives. McDonald's rolled out its $1 $2 $3 menu in early 2018, in an effort to provide a consistent value platform that the chain lost with the death of the iconic Dollar Menu.

Money Freebies on National Coffee Day - Saturday, Sept. 29
Author: 0 Freebies on National Coffee Day - Saturday, Sept. 29

Though true java lovers know that the dreamy drink is worthy of celebration 365 days a year, National Coffee Day is almost upon us once again. Whether you like your coffee hot or cold, there's a deal for you. 7-Eleven: Free coffee with the purchase of a breakfast sandwich. Cinnabon: Free 12-ounce coffees at participating Cinnabon Bakery locations. Pilot Flying J: The chain is celebrating the occasion on september 28 and september 29, offering free java through downloading their ...

Money Elon Musk Turned Down an SEC Settlement
Author: 0 Elon Musk Turned Down an SEC Settlement

Fox News contributor Gary Kaltbaum weighs in on the SEC's lawsuit against Tesla CEO Elon Musk , who they accused of making " false and misleading " statements about taking the company private. Musk feels that the actions from the SEC are unjust and Tesla's board is standing behind its CEO. He specifically said he would consider doing so at $420, adding that funding had already been secured.

Money China accused by Trump of bid to meddle in U.S. election
Author: 0 China accused by Trump of bid to meddle in U.S. election

The two countries that the United States has accused of interfering with its elections will take their turns at the podium Friday at the United Nations' annual gathering of world leaders. "The Chinese government uses all of the capabilities at their disposal to influence United States policies, spread propaganda, manipulate the media and pressure individuals, including students, critical of Chinese policies", he said.

Money Facebook security breach affects 50 million users
Author: 0 Facebook security breach affects 50 million users

Facebook CEO Mark Zuckerberg appeared at a Congressional hearing over Facebook's privacy policies in April. "We also don't know who's behind these attacks or where they're based", Facebook's VP of product management Guy Rosen wrote in a blog post .

Money Google dodges questions about China during Senate privacy hearing
Author: 0 Google dodges questions about China during Senate privacy hearing

According to a memo on the project, authored by a Google engineer, the search system would require users in China to log in to perform searches, and would share crucial data with a Chinese partner. Len Cali, senior vice president for Global Public Policy at AT&T, made the case that the federal government should take the lead before individual states pass disparate privacy laws.

Author: 0 Elon Musk reportedly backed out of SEC deal at the last second

A Tesla spokeswoman said: "Tesla and the board of directors are fully confident in Elon, his integrity, and his leadership of the company, which has resulted in the most successful United States auto company in over a century". "Despite this, we think the company will survive", he said. The decision to hire Clark is said to have played a key role in Musk's decision to reject the settlement offer, which would have required an admission of wrongdoing.

Money Ryanair cancel almost 200 flights in latest strike action
Author: 0 Ryanair cancel almost 200 flights in latest strike action

Europe's largest low-priced carrier traditionally employs a significant proportion of its staff under Irish law, which unions say inconveniences staff and impedes them from accessing local social security benefits. In July, strikes by cockpit and cabin crew disrupted 600 flights in Belgium, Ireland, Italy, Portugal and Spain, affecting 100,000 travellers. The head of the Irish airline said it had submitted a complaint to the European competition over the "anti-competitive behavior" and ...

Money FTSE Russell includes China stocks in boon to battered market
Author: 0 FTSE Russell includes China stocks in boon to battered market

China A shares won entry to the MSCI indexes in June past year and were added to gauges in May and August. Duan Shihua, general manager of Chinese index publisher Shanghai Changer Investment Management Consulting, estimated the FTSE inclusion could initially trigger $15 billion of foreign inflows into the market.

Author: 0 USA regulator accuses Tesla's Elon Musk of fraud over tweets

In a press conference discussing the lawsuit , Stephanie Avakian, co-director of the SEC's Enforcement Division, said Musk's tweets led investors to think it was a "virtual certainty" that Tesla would be taken private at $420 a share.

Money Federal Reserve hikes rates for third time this year
Author: 0 Federal Reserve hikes rates for third time this year

Policymakers under Chairman Jerome Powell unanimously agreed to raise the federal funds rate a quarter percentage point, to a range of 2% to 2.25%. That rate helps determine rates for mortgages, credit cards and other consumer borrowing. Powell also commented on the ongoing trade war and its effect on inflation. But Fed Chairman Jerome Powell said the central bank was hearing a "rising chorus" of concerns from businesses around the country about uncertainty and rising costs, but that ...

Money SEC Charges Tesla CEO Elon Musk With Fraud
Author: 0 SEC Charges Tesla CEO Elon Musk With Fraud

The company's fortunes on Wall Street worsened considerably on Thursday, sinking about 10 per cent in after-hours trading to US$277.50, down 25 per cent since the day of the go-private tweet. It quoted Musk as saying he thought his girlfriend would find it amusing. Earlier this year it barred blood-testing company Theranos CEO Elizabeth Holmes after she and the company settled fraud charges with the SEC.

Author: 0 Ahead of USA sanctions, India looks beyond Iran for oil imports

The impending sanctions by the United States on Iran, the third-largest producer among OPEC, which will go into effect November 4, the rising domestic petrol and diesel prices, which touched new record highs in the backdrop of continued weakness in the rupee against the U.S.

Money Tesla is making its own car carriers
Author: 0 Tesla is making its own car carriers

He has been under intense pressure to establish that he can provide consistent production numbers for the Model 3 sedan, which is seen important to Tesla's plan to become a mass-market automaker. Tesla tsla has experimented with delivering cars directly from the factory to customers before-Musk himself made a delivery-but that was apparently limited to customers who were close to its Fremont factory.

Money US Federal Reserve raises interest rates amid strong growth
Author: 0 US Federal Reserve raises interest rates amid strong growth

There's ongoing debate about whether 3 percent (or another number) is the "neutral" or "normal" level of interest rates, meaning that's the rate that doesn't boost or curtail the economy. Inflation was forecast to hover near 2 percent over the next three years, while the unemployment rate is expected to fall to 3.5 percent next year and remain there through 2020 before rising slightly in 2021.

Money Trump and Trudeau have cold encounter at United Nations reception
Author: 0 Trump and Trudeau have cold encounter at United Nations reception

Canadian Prime Minister Justin Trudeau on Wednesday said he would not be rushed into renewing NAFTA and indicated it was possible the three member nations might fail to conclude a new pact. Trump has previously floated the idea of striking two separate bilateral trade deals with the NAFTA partners. He said that's why the USA had an average eight hundred billion dollars a year in trade losses over five or six years.