Money

Oil dips as US dollar rises, Turkish tumult elevates demand concern

Oil prices slipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, though United States sanctions against Iran p...


Tragic Italian Bridge Collapse Footage And How It Could Have Been Prevented

More than 400 people were evacuated from buildings near or below the still-standing section of the bridge. That bridge "has also experienced problems during i...


Turkey to boycott U.S. products including iPhone, says Erdogan

The dollar has hit another 13-month high against a basket of major currencies today, as safe-haven demand over fears of fallout from the Turkish lira's rece...


Firefighter killed battling California's Ranch Fire

More than 30,000 personnel, including firefighters from across the United States and almost 140 from Australia and New Zealand, were battling the blazes that ...


Tesla and Elon Musk hit by fresh lawsuits over stock rigging claims

Elon Musk and his electric vehicle firm Tesla are being sued by investors who accuse them of concocting a scheme to "completely decimate" short-sellers. Inde...


What's behind the current US-Turkey spat?

The U.S. has responded by slapping financial sanctions on two ministers and later doubled steel and aluminum tariffs on Turkey , driving the concerns over Tur...


Saudi Fund Express Support For Taking Tesla Private: Elon Musk

The fund has recently built a stake just shy of 5 percent in Tesla . Musk's email to Tesla employees posted on Tesla's website on the day of the tweet ...


Alaska Airlines plane crashes after unauthorised take-off from Seattle airport

Only the unknown pilot was on the plane , according to authorities. Prior to crashing, the aircraft was filmed conducting extreme maneuvers over the Puget So...


USA tariffs make no dent on China exports surge

China has reacted swiftly to Washington's decision to impose a further tariffs on $16 billion-worth of imports from China by announcing its own fresh tarif...


Elon Musk considering taking Tesla private

And Tesla also released an email to its employees in which Musk argued going private would release the company from "wild swings in our stock price that can b...


China says it will retaliate with tariffs on $60B of United States goods

China called for an end to the trade dispute through talks with the United States , but on May 29, the United States announced another round of tariffs on ab...


USA job growth slows in July, unemployment rate dips

Employers added 157,000 net new positions last month, with slower gains in auto manufacturing, transportation and mining, while the jobless rate fell a tenth to...


Iran urges enhanced co-op with Russia, China, neighbors

In May, the United States pulled out of a 2015 deal between world powers and Tehran under which worldwide sanctions on Iran were lifted in return for curbs ...


Bank of England raises Bank Rate to 0.75%

Economists are not ruling out the possibility of more rate hikes this fiscal as RBI reiterated its intention to stick to the 4% inflation target and indicated u...


Tesla stock surges as Musk looks to make good with analysts

Analysts have questioned whether the 5,000 rate would be sustainable. But its cash burn extended a money-losing streak for chief Elon Musk during one of the c...


U.S. sanctioning Turkish officials over detention of American pastor - White House

The officials targeted under the so-called Global Magnitsky Act are Turkish Justice Minister Abdulhamit Gül and Turkish Interior Minister Süleyman Soylu, White ...


Apple beats earnings expectations with $53.3B in revenue, stock up 3%

Davidson & Co. The earnings beat street estimates but iPhone sales did not match consensus from most analysts. Smartphones still drive an enormous portion o...


Harley-Davidson will launch its electric LiveWire motorcycle in 2019

It will be a radical departure for a company as big as Harley-Davidson's magnitude and it does not just mean covering all riding communities. In a slideshow ...


Spectrum Might Get Kicked Out Of New York For ‘Recurring Failures’

The Public Service Commission's order requires the company to maintain its service throughout the state while planning for a transition to a new company. The Pu...


Facebook sees biggest stock market value drop in history as growth slows

Facebook itself could be set for its worst day in six years as a public company as its stock dipped 20.4 percent to $173.20 in premarket trading. Shares of Fa...


Bitcoin thrown lifeline by SEC Commissioner despite ETF rejection

This is the second attempt by the Winklevoss twins , the founders of crypto-exchange Gemini , to list shares of what would be the first-ever bitcoin ETF . ...


Winning Mega Millions ticket sold in San Jose

The current jackpot of more than half of a billion dollars is it the fifth highest drawing in Mega Millions history. The winning ticket was bought at Dynast...


Trump, E.U. President Announce 'Zero Tariffs' Trade Agreement Negotiations

The EU has warned that it will retaliate with tariffs on products worth £15 billion if Trump puts duties on cars and auto parts from Europe. President ...


Facebook (FB) Stock Sinks as Revenue Misses Expectations

Sales grew 14 per cent to $13.2 billion in the second quarter compared with $9.3 billion a year ago. There's a scratch in Facebook's Teflon coating as the s...


USA to give farmers $12bn trade war bailout

Republican candidates in the upcoming congressional elections in November, however, have expressed deep concern about their states' farm economies. President ...


North Korea Is Actually Dismantling a Key Nuclear Test Site - Leah Barkoukis

The dismantling work probably began sometime within the last two weeks, he said. "As ( Kim Jong Un ) said himself, North Korea is moving from testing to mass ...


Tesla: asking suppliers for cash back is 'standard' negotiating strategy

Analysts say Tesla needs to sell a lot more cars. The auto maker's memo, sent by a global supply manager, described the request as essential to Tesla's co...


Dollar drops on Trump criticism; U.S., Europe stocks tepid

In the CNBC interview , Trump said the higher value of the dollar "puts us at a disadvantage" while the Chinese yuan "has been dropping like a rock". A slump...


Huge relief for girls as officials scrap tax on sanitary pads

Reacting to questions raised by former finance minister P Chidambaram that why rates of 88 items were not reduced by the GST council in 2017, Modi said: "This i...


Microsoft Beats Estimates on Cloud Services, Gaming, and Software Growth

The More Personal Computing group logged $10.8bn in revenues up 16 per cent from the year-ago quarter. The company reported $30.085 billion in revenue, a 17% ...


Tesla slides after an eventful weekend for Elon Musk (TSLA)

Mr Unsworth told the AFP news agency that he would make a decision on whether he takes legal action against Mr Musk after flying back to the United Kingdom ...


United States unveils tariffs on extra US$200 bln of Chinese imports

It gave no details. "China stands in line with the global community on the correct side of history to together protect the rules of the multilateral trade ord...


Elon Musk sends engineers to help Thai cave rescue mission

Gen. Chalongchai Chaiyakam, says that the most pressing mission now is to provide an oxygen line to reach the kids. Musk tweeted the announcement after an...


China blames U.S. for ‘largest-scale trade war’ as tariffs kick in

China's Ministry of Commerce on Friday accused the US of "launching the biggest trade war in economic history" in a statement (link in Chinese). There was...


$2.3 billion of MI exports threatened by tariffs

Many are targeted specifically at states that have been supportive of Trump. "Doc used to take showers with the team even though he didn't do any workouts, and...