Tuesday August 21-st, 2018

Elon Musk just tweeted he's considering taking Tesla private Elon Musk just tweeted he's considering taking Tesla private

Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term. FILE PHOTO: Elon Musk listens at a press conf...

Longtime PepsiCo CEO Indra Nooyi is stepping down Longtime PepsiCo CEO Indra Nooyi is stepping down

Since the middle of past year, several high-profile female CEOs have announced they were stepping down , including Marissa Mayer at Yahoo, Irene Rosenfeld at Mondelez and Meg Whitman of Hewlett Packard Enterprise. She said her mother told her ...

Facebook Wants Banks to Hand Over Your Financial Information Facebook Wants Banks to Hand Over Your Financial Information

According to WSJ , Facebook doesn't want to just be a platform where you can communicate with your friends, but also a place to buy and sell goods and services. Facebook has pulled in $11.8 billion in advertising revenue in the USA and Canada so f...

Brian France, NASCAR chairman, arrested for DWI and criminal possession of oxycodone Brian France, NASCAR chairman, arrested for DWI and criminal possession of oxycodone

France was arrested and held overnight for his arraignment Monday morning. "We are aware of an incident that occurred last night and are in the process of gathering information". "We take this as a serious matter and will issue a statement after we...

Pres. Trump Hosts MAGA Rally In Ohio Pres. Trump Hosts MAGA Rally In Ohio

Trump will be appearing in Delaware Ohio this Saturday, August 4, for a campaign rally in support of Republican state Sen. Though boisterous and bellicose, Trump steered clear of the trouble he stirred up the night before when he blasted one of Ohi...

OPEC oil production climbs as Saudi Arabia pumps moreNaija247news OPEC oil production climbs as Saudi Arabia pumps moreNaija247news

USA crude CLc1 rose $1.30, or 1.9 percent, to $68.96 a barrel. The price for Brent crude oil , the global benchmark for the price of oil, was down 1.75 per cent as of 9:20 a.m. Saudi Arabia's oil production grew by 230,000 barrels a day in July ...

United States jobs report: July disappoints with only 157,000 jobs added United States jobs report: July disappoints with only 157,000 jobs added

The US economy added fewer jobs than expected in July after a surge of hiring in the previous months. Another positive sign was the U-6, or underemployment rate, which fell to 7.5 percent, the lowest since 2001, from 7.8 percent. Mining, wholesale ...

Bank of England poised to raise interest rates Bank of England poised to raise interest rates

With expectations of a rate hike nearly entirely priced into the market, investors are mostly focused on what message the Monetary Policy Committee sends on Thursday about its intentions for further increases in borrowing costs. Accordingly, the Ma...

Apple CEO Lauds Staffers For Trillion-Dollar Value 08/06/2018 Apple CEO Lauds Staffers For Trillion-Dollar Value 08/06/2018

Apple flooded news headlines everywhere yesterday as its market value crossed $1 trillion for the first time after reporting handsome quarterly earnings. However, now Wall Street anticipates Apple shares to go more upwards of up to $225. While y...

China rejects US demand to cut Iranian oil imports China rejects US demand to cut Iranian oil imports

Repeating the pattern of past weeks, crude prices on Friday ended the week down by 0.4 percent for West Texas Intermediate and 1.5 percent for Brent, this time in reaction to China state oil major Sinopec cutting its purchases of us product due...

Europe's record temperature could be broken as Portugal and Spain heat up Europe's record temperature could be broken as Portugal and Spain heat up

The World Meteorological Organization says continental Europe's record is 48 C (118.4 F) in Greece in 1977. Spain has also issued warnings of extremely high temperatures for its southern areas. Parts of the Iberian peninsula are bracing themselve...

UFC 229: Nate Diaz blasts Conor McGregor fight announcement UFC 229: Nate Diaz blasts Conor McGregor fight announcement

In a video interview this week, the San Jose-based Nurmagomedov touted his belt and his dominance in pushing the UFC to properly pay him in accordance with McGregor, the organization's leading draw. Dustin Poirier confirmed for UFC 230, it'll b...

China Warns Of Retaliation If US Takes More Trade Steps China Warns Of Retaliation If US Takes More Trade Steps

Earlier this week, the White House said it was considering boosting tariffs on $200 billion worth of Chinese goods, raising those tariffs to 25 percent from 10 percent. The tariffs discussed in this week's pronouncements are still in the threat stage...

Pastor row: USA and Turkey hold 'constructive' talks Pastor row: USA and Turkey hold 'constructive' talks

On Friday, the two leaders agreed to work together to resolve tensions between the two countries. Andrew Brunson , who led a Protestant church in the Aegean city of Izmir, was placed under house arrest last week following almost two years in jail ...

The Hydropothecary Corporation Stock Skyrockets After Coors Partnership The Hydropothecary Corporation Stock Skyrockets After Coors Partnership

The deal is expected to close before September 30, just ahead of the proposed legalization of recreational marijuana in Canada. Weed beer has been something talked about ever since it became clear that the federal government was going to legaliz...

China announces $60B of US goods for tariff retaliation China announces $60B of US goods for tariff retaliation

The U.S. already imposed 25% tariffs on $34 billion in Chinese goods in early July, with another $16 billion to be targeted in coming weeks, drawing an in-kind retaliation from China. Washington also wants China to stop subsidizing Chinese companies ...

Tim Cook on $1 trillion valuation: Keep your eye on the ball Tim Cook on $1 trillion valuation: Keep your eye on the ball

While Apple is the first company to hit the trillion dollar mark, it is likely to be followed by Alphabet , Amazon and Microsoft . In a memo to Apple's more than 120,000 employees on Thursday that was seen by Reuters , Chief Executive ...

Apple becomes 1st private company worth $1 trillion Apple becomes 1st private company worth $1 trillion

Adjusted for splits, Apple's stock price has risen almost 40,000% since its initial public offering in 1980. In addition to device sales, Apple's services and software revenue reached a new milestone during the June quarter; this encompasses iC...

Indian central bank raises rates for second time Indian central bank raises rates for second time

If you have a variable-rate mortgage on a property, your monthly payments are expected to increase. However the respected Fraser of Allander think tank at Strathclyde University said that, while the increase might suit the United Kingdom as a who...

Tesla rallies after reporting better-than-expected quarterly revenue (TSLA) Tesla rallies after reporting better-than-expected quarterly revenue (TSLA)

Capital expenditure is expected to fall $900m to about $2.5bn this year and Tesla had $2.2bn in cash and equivalents. Shares of Tesla rose as much as 3.8% in after-hours trading Wednesday following the electric vehicle maker's second-quarter e...

BOJ says rising female, senior workers keeping inflation low BOJ says rising female, senior workers keeping inflation low

Some market watchers said Japan's reluctance to change its policy aggressively stems from its desire to keep its currency competitive, especially against the Chinese yuan CNY=CFXS , after Beijing let its currency weaken by more than 7 percent vers...

Turkish court rejects appeal for U.S. pastor’s release Turkish court rejects appeal for U.S. pastor’s release

Treasury Department", read the written statement issued by the Foreign Ministry late Aug 1. Although the statement did not detail what sanctions Turkey will retaliate, but it's expected that similar sanctions will be imposed on Attorney General...

RECALL ALERT: Salads, Wraps From Kroger, Trader Joe’s, Walgreens May Be Contaminated RECALL ALERT: Salads, Wraps From Kroger, Trader Joe’s, Walgreens May Be Contaminated

According to the announcement , there are concerns that lettuce in the products are contaminated with Cyclospora , an intestinal parasite that can incubate from two to 14 days. The parasite is usually found in developing countries but there have be...

Apple Forecast Tops Analysts' Estimates on New IPhones, Services Apple Forecast Tops Analysts' Estimates on New IPhones, Services

Apple's financial third quarter is traditionally quiet, coming in the slow summer months before the company's hotly anticipated refresh of the iPhone, the device that provides the lion's share of its revenues. But several of Apple's services do ...

Harley Davidson Announces Huge Plans for India; 250-500 CC Bikes Arriving Harley Davidson Announces Huge Plans for India; 250-500 CC Bikes Arriving

We also knew Harley-Davidson was teaming up with Alta on two new electric models for sale in coming months. The company did not immediately specify by when this small bike will make it to the markets or if the local partner will be based out of I...

Elon Musk's Tesla Surfboards Are Selling on eBay for $5,000 Elon Musk's Tesla Surfboards Are Selling on eBay for $5,000

It features the Tesla logo, the same matte and gloss finishes used on Tesla cars and can "comfortably" fit in any Model S, X or 3 vehicle - either inside and outside. The board does not appear to have any particular physical design elements uniqu...

The Big Mac is turning 50 The Big Mac is turning 50

Many people remember all the ingredients to the McDonald's burger because of its ad campaign saying "two all-beef patties, special sauce, lettuce, cheese, pickles and onions on a sesame seed bun". "We've noticed that in a lot of the different McDon...

Auto nations mull meeting without USA to discuss threat of tariffs Auto nations mull meeting without USA to discuss threat of tariffs

After a meeting at the White House with European Commission President Jean-Claude Juncker on Wednesday, Trump said the EU would also buy more USA soybeans and work with Washington to cut other trade barriers to zero. "I think it's a sign of pro...

Facebook Might've Just Had The Worst Day In Stock Market History Facebook Might've Just Had The Worst Day In Stock Market History

These quotes and average results from its second quarter caused Facebook's stocks to drop a whopping 19 per cent overnight. Thursday's plunge also hit Zuckerberg's bottom-line. He believes that it is about time Facebook considers a change in leader...

Amazon reports record quarterly profit of nearly £2BN Amazon reports record quarterly profit of nearly £2BN

It's the world's second-most valuable public company now behind Apple Inc., making it one of the front-runners in the race to reach US$ 1 trillion in market value . Sales from other businesses - mostly advertising - surged 129 per cent to US$2. 2 b...

SEC thumbs down to Winklevoss application for Bitcoin ETFs SEC thumbs down to Winklevoss application for Bitcoin ETFs

Though it is rejecting the application and rule change, "the Commission emphasizes that its disapproval does not rest on an evaluation of whether bitcoin, or blockchain technology more generally, has utility or value as an innovation or an inve...

European Union official used colorful, simplified cue cards in trade meeting with Trump European Union official used colorful, simplified cue cards in trade meeting with Trump

Receive daily email alerts, subscriber notes & personalize your experience. Earlier in the Oval Office, Juncker told Trump that the two trading partners were "allies, not enemies" and said they needed to work together to address recent frictions ...

World's oldest person Chiyo Miyako dies at 117 in Japan World's oldest person Chiyo Miyako dies at 117 in Japan

The world's oldest person , a 117-year-old Japanese woman, Chiyo Miyako has died. Known to her family as the goddess , Chiyo was born in Wakayama in the Kansai region of Japan , on 2 May 1901. Her husband, Shoji, worked for Japanese National R...

U.S. economic growth hits fastest rate since 2014 U.S. economic growth hits fastest rate since 2014

The rest of the year is likely to see a growth of around 3 percent. It's unclear if Mr. Trump , who faces controversies on other issues, will take questions on the White House lawn, even though he called it a "news conference". companies to get pr...

Facebook Opening Research Office in China Facebook Opening Research Office in China

Contents from Google and Twitter also remain blocked in the country. Facebook also developed its China-version of the site, according to some reports , and developed a new censorship tool able to filter undesired information to comply with t...

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