Finance

The face of White addiction: Elon Musk just cost Tesla $4.6B

During the interview , journalists said Musk alternated between laughter and tears as he opened up about his busy work routine and recent controversies. The su...


Chaos as Gatwick airport uses whiteboards after digital departure screens fail

Vodafone provides the service, and said a damaged fibre cable was to blame. In a statement at 17:00 BST, a Gatwick spokesman said the issue had been resolved...


PepsiCo buys Israel's SodaStream for $3.2 billion

Purchasing the Israeli company, known for DIY seltzer makers like the SodaStream Mix , will push Pepsi's image in a health-focused direction, according to CNN...


Trump asks SEC to study ending quarterly earnings for public companies

So we're looking at that very, very seriously", Trump said as he was boarding Marine One on the White House lawn Friday morning. Even SEC Chairman Jay Clayton...


Search operation ended in Genoa, bridge death toll rises to 43

An engineering study commissioned by Italian motorway operator Autostrade a year ago warned about the condition of a bridge that collapsed this week in Genoa ,...


Turkey's president says country will defy economic threats

The Turkish lira fell again on Friday, breaking a three-day quiet spell in the country currency crisis, after the USA threatened to impose new sanctions on the...


Pastor Brunson appeal for house arrest release rejected by Turkish court

Trump's comments came after a court in Turkey's western Izmir province rejected an appeal to release Brunson from house arrest, saying evidence was still bein...


Court rejects appeal for American pastor's release from detention, Turkish media says

The White House stance appeared to give Turkish authorities little incentive to work for the release of Andrew Brunson , a pastor on trial in Turkey on terrori...


Qatar promises $15 bn investment in Turkey: presidency

The tit-for-tat measures are part of a broader dispute between the two countries over the fate of an American citizen, Andrew Brunson , who is being prosecuted...


Turkey's Erdogan pledges boycott on U.S. electronics

The top USA diplomat in Turkey has called for the cases against an American pastor and others held in Turkey to be resolved "without delay" and in a "fair and...


After Tesla Buyout Tweet, Some Investors Wonder: Where Was Nasdaq?

April 3, 2018 - Musk says Tesla will not need to raise more capital in 2018. The scribe also reached out to individuals close to 16 tech and financial insti...


Utah firefighter dies battling Mendocino Complex wildfire in California

The fire is burning near the Mendocino National Forest, about 140 miles northwest of Sacramento. About 4,200 fires have charred 726,000 acres (294,000 hectare...


Musk in talks with Saudi fund, others on Tesla buyout

The SEC has asked Tesla for more details about Musk's tweets and proof that he has secured the necessary funding for the transaction. Meanwhile, Musk face...


Employee steals plane from Seattle airport, crashes it shortly

After some time , the flight got crashed in the area called Ketron Island in Washington and the suspect is reported to be dead during the crash. Two mili...


Turkey shaken by financial fears, President Trump rattles it further

Despite Trump's insistence, Turkey has not budged in freeing American pastor Andrew Brunson, who has been detained by Turkey for nearly two years on charges t...


Mexico NAFTA talks drag on as autos sticking points emerge

U.S. and Mexican negotiators will resume talks next week on the update of the North American Free Trade Agreement , Mexico's Economy Minister Ildefonso Guajard...


Tech stocks take Nasdaq closer to record

Two other key United States indices, the S&P 500 and the Nasdaq , pulled back 0.7 percent. The S&P 500 index slipped after coming within spitting distanc...


U.S. Sanctions Put Russia on Edge

European countries and the United States expelled 100 Russian diplomats after the attack, in the strongest action by President Donald Trump against Russia since...


NYC sets limit on Uber and Lyft vehicles

A vote from the New York City council Wednesday will likely lead to higher fares on ride-sharing services like Uber and Lyft, and it might spread to other cit...


SEC looking into Tesla after Elon Musk's tweets, reports say

The most obvious equity partners for Mr Musk would be a sovereign wealth fund such as Saudi Arabia's Public Investment Fund (PIF), which sources said had take...


Tesla trading halted after Elon Musk tweets about taking company private

Upon the news , Tesla stock quickly shot up to $365, climbing toward $420 - the amount Musk noted would be the trigger price. Musk said he wants to take ...


Elon Musk just tweeted he's considering taking Tesla private

However, Musk explicitly said there is no plan to combine Tesla with SpaceX. Musk in a letter to employees August 7th, 2018, "As the most shorted stock ...


European Union fights against USA sanctions on Iran

The May decision to withdraw from the Iran deal , officially dubbed the Joint Comprehensive Plan of Action (JCPOA), gave a 90-day wind-down period for some b...


RBI increases repo rate by 25 bps to 6.50%, reverse repo unchanged

Dheeraj Singh, Head of Investments & Fund Manager - Fixed Income, Taurus Mutual Fund: "The decision to hike rates has, quite clearly, been driven by the persist...


Apple hits record market capitalisation of $1 trillion

Not to mention it wasn't a wholly public company. Apple - the biggest public company in the world - had 4,829,926,000 shares outstanding as of July 20, which ...


Hot, Dusty and on Fire: Portugal's Heatwave Breaks Records

Heat warnings have been issued for 41 of Spain's 50 provinces as temperatures are expected to reach up to 45C. Past year 114 people were killed in two mas...


Trump proposes raising tariffs to 25% on $200 billion of Chinese imports

The Chinese "are not in good economic shape". China's foreign minister said Thursday that US threats to hike tariffs run against the trend toward globalizatio...


Detained U.S. pastor 'needs to come home,' Pompeo warns Turkey

Speaking to Turkish journalists after his meeting with Pompeo, Cavusoglu also described their discussion as "extremely constructive" and said the two would co...


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

President Donald Trump this week ordered officials to consider imposing a 25 per cent tax on US$200 billion worth of imported Chinese goods, up from an init...


How the Bank of England’s interest rate rise affects you

While savers may be hoping for better returns, Bank of England statistics show that the average interest rate on United Kingdom current accounts increased b...


Apple just became the first $1 trillion public company

Steve Jobs and a few other people created Apple 42 years ago in Cupertino, California. Growth is coming from different sources, too, notably iPhone price in...


Tesla flags promise of profit as Model 3 production steadies

Shares of Tesla have risen 11% to $$332.99 in after-hours trading. Tesla said it continued to produce 5,000 Model 3 cars per week in July (a figure it h...


Turkey vows retaliation against USA sanctions without delay

It put in a low of 5.0157 per dollar about 30 minutes prior. White House spokeswoman Sarah Huckabee Sanders says the Trump administration would sanction Turk...


Overwhelming majority of Republicans support Trump's emergency aid for farmers

On Thursday, he took another victory lap during a speech to steel workers in IL. They specifically agreed to increase USA exports of liquified natural gas, ...


Apple Forecast Tops Analysts' Estimates on New IPhones, Services

Despite the beat, James Cordwell, an analyst from Atlantic Equities, said the high selling prices might cause investors some concern because "there's a limit to...


Facebook's US$119 billion one-day loss makes USA history

The lawsuit was filed by a shareholder of the social networking giant. The loss is the biggest one-day wipeout of individual wealth ever recorded on the ranki...


Amazon's growth is leaving the shop behind

BlackRock Inc. now owns 24,535,840 shares of the e-commerce giant's stock valued at $28,693,927,000 after buying an additional 88,437 shares during the period. ...


For Big Mac's 50th anniversary, McDonald's is giving away free burgers

In 1986, The Economist started using the Big Mac Index as a way of measuring the purchasing power of global currency. Though McDonald's has suffered los...


Tesla’s Latest Product Is A Surfboard

The billionaire this weekend unveiled limited edition Tesla surfboards that sold out soon after they were announced . At $1,500 apiece before taxes, only...


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

Now we have real-life advertising from Facebook saying it's concerned, and looking after our privacy. Facebook Inc (FB.O) and its chief executive Mark ...