Money

Bullish on Tesla's Future in China, Musk Ends 3-Day Visit

Bullish on Tesla's Future in China, Musk Ends 3-Day Visit

Musk earlier had stated "Would love to be in India". Tesla's losses increased by 97.5 per cent to just under $785 million in the first quarter of 2018, despite the fact that earnings rose by 26.4 per cent to more than $3.4 billion. Tripp complaint filed with the SEC includes accusations that the former Tesla employee has disclosed to the press before: Tesla overstated to investors the number of Model 3 vehicles being produced each week by as much as 44%; batteries with puncture holes were ... Read More

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Oil price soon to reach $100 per barrel

Oil price soon to reach $100 per barrel

Brent crude futures were at $77.70 per barrel at 0653 GMT, down 54 cents, or 0.7 percent, from their last close. In addition to reducing the price of its August barrels, Saudi Arabia also told the Organization of the Petroleum Exporting Countries (OPEC) that it increased production by nearly 500,000 barrels per day last month. Read More

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Iran vows to attack oil trade if U.S. sanctions bite

Iran vows to attack oil trade if U.S. sanctions bite

Brian Hook, the state department's director of policy planning, told reporters that the USA aimed to get as many countries as possible down to zero Iranian oil imports. "Iranian crude oil will be offered on the bourse and the private sector can export it in a transparent way", First Vice President Eshaq Jahangiri told an economic event in Tehran broadcasted live on state television. Read More

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Amazon seeks entrepreneurs for delivery service

Amazon seeks entrepreneurs for delivery service

Your Amazon packages, which usually show up in a UPS truck, an unmarked vehicle or in the hands of a mail carrier, may soon be delivered from an Amazon van. Probably not. There are more packages to be delivered besides the ones shipped by Amazon . Amazon is also offering qualifying military veterans $10,000 in reimbursements to get their own delivery business started. Read More

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Trump Tweets Harley-Davidson 'Will Be Taxed Like Never Before'

Trump Tweets Harley-Davidson 'Will Be Taxed Like Never Before'

Companies are now coming back to America. The Aura will be gone and they will be taxed like never before! "Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand". Harley-Davidson executives met with Trump at the White House past year after Trump canceled a visit to the company's headquarters in Milwaukee because protests had been planned. Read More

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Iran against any increase in OPEC oil output

Iran against any increase in OPEC oil output

OPEC, he said , "is not an organization to receive the instruction from President Trump and follow it". " Iran rejected a potential compromise, saying it won't support even a small increase in oil production". That means the country has little to gain from a deal to raise OPEC output, unlike top oil exporter Saudi Arabia . The correction in prices have been a continuing trend since May 23, when prices breached the $80 mark after the announcement of new U.S. Read More

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Judge approves $85 billion AT&T-Time Warner deal

Judge approves $85 billion AT&T-Time Warner deal

AT&T will now have a major foothold in the media industry. Comcast has already made an offer for Sky, the United Kingdom satellite TV business. AT&T applauded the court's decision. That power would allow the company to raise prices for pay TV rivals and online streaming services, the government said. AT&T and Time Warner dismissed the government's concerns. Read More

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Porsche’s Mission E all-electric vehicle becomes the ‘Taycan’

Porsche’s Mission E all-electric vehicle becomes the ‘Taycan’

According to Porsche when the Taycan arrives, it will feature two electric motors producing more than 600 horsepower and will accelerate up to 60 miles per hour in less than 3.5 seconds. Tesla's Model S has a maximum range of 335 miles and can accelerate from 0-60 in 2.5 seconds. Of the additional three billion euro, some 500 million euro is claimed to be used for the development of Taycan variants and derivatives. Read More

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Bitcoin sceptic Jamie Dimon tells buyers to 'beware'

Bitcoin sceptic Jamie Dimon tells buyers to 'beware'

Buffett and Dimon announced they are partnering with Business Roundtable , a group of roughly 200 CEOs of major US companies, to call on companies to consider eliminating quarterly guidance. About 31 percent gave annual earnings-per-share guidance. CEO Jamie Dimon appealed for radical changes to the way public companies disclose financial information. Read More

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Tesla (TSLA) rallies ~10% on Elon Musk’s confidence as the shorts scramble

Tesla (TSLA) rallies ~10% on Elon Musk’s confidence as the shorts scramble

Responding to a question about compact [Golf size] and sub-compact [Fiesta size] cars, Musk told the Tesla shareholders' conference: "I think we'll do a compact vehicle in less than five years". Tesla's shareholders were asked to vote on a proposal by one stockholder that the company's chair be an independent director, not Elon Musk, who has been chairman since 2004 and is also the chief executive officer. Read More

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Going it alone: USA alienates allies before taking on Beijing

Going it alone: USA alienates allies before taking on Beijing

The White House statement came a day after it renewed its threat to place 25 per cent tariffs on United States dollars 50 billion in Chinese goods in retaliation of the latter's unfair trade practices. US President Donald Trump is concerned about China's unfair trade practices and striving to stop Beijing from such practices and theft of American intellectual property, the White House said on May 31. Read More

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Aussie Shoppers Blocked From Using Amazon's US Website

Aussie Shoppers Blocked From Using Amazon's US Website

The GST amendment lowers the current minimum spend for GST inclusion from $1000 to $1 in response to backlash from local retailers. Amazon will block Australians from buying from its worldwide e-commerce websites and restrict them to a smaller local platform from July in response to new tax rules that consumer advocates fear will reduce the range of choice for customers in Australia . Read More

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