Stories about Markets

Aug 19 2018

'Tearful' Musk aims for $25000 Tesla vehicle for the masses

Elon also told the NYT reporters he's been putting in 120-hour work weeks these days. Nearly a week later, the CEO said the basis for that statement were conversa...

Aug 18 2018

Self-Proclaimed Tesla 'Whistleblower' Tweet Dumps Allegations and Photos, Deletes Account

The reason: Mr Musk's funding claims are alleged to have been of the misleading sort - something the SEC doesn't look kindly on. Musk on Monday explained in a blog pos...

Aug 18 2018

Elon Musk’s "taking Tesla private" tweets attract official SEC subpoena

The 47-year old billionaire's tweet about secured funding may have violated U.S. securities law if he misled investors. This will certainly be an ongoing story. Reuters...

Aug 18 2018

Tesla drops on SEC subpoena over Musk go-private plan

Reportedly, the San Francisco SEC office sent Bay Area-based Tesla subpoenas about privatizing the company. It comes after Musk defended his decision to make the buyout...

Aug 18 2018

China lodges WTO complaint over renewable energy tariffs

China said it is challenging a us tariff increase on solar panels before the World Trade Organization, adding to its sprawling conflicts with President Donald Trump ov...

Aug 18 2018

SEC ramps up its investigation into Elon Musk's Tesla privatization plans

The Twitter post by Musk, who has considered taking Tesla private in the past, was something of a flip remark, said several people familiar with the matter but not auth...

Aug 17 2018

Chinese official to visit United States to resume talks to end trade war

Chinese Vice Premier Liu He held talks with US Commerce Minister Wilbur Ross in Beijing in June. Traders are also saying that short sellers are paring positions in ...

Aug 17 2018

USA official warns of more actions against Turkey if pastor not freed

However, the currency market's reaction to his conference call - in which he also said Turkey had no plans to seek help from the International Monetary Fund or impose...

Aug 17 2018

Italy says death toll will mount in Genoa bridge collapse

Rescuers continued to search through tons of concrete slabs and steel for survivors or bodies. Helicopter footage on social media showed trucks and cars stranded on eit...

Aug 17 2018

White House Apologizes for ‘Mistake’ on Black Employment Numbers Under Obama

Rumours of the recording have resurfaced after former White House aide Omarosa Manigault-Newman released her tell-all book about life inside the Trump administration...

Aug 17 2018

China blamed as Tencent stuns with first profit drop in 13 years

The article, which was titled, "Why Facebook and Google's China Dream Will Cost More than It Pays", warned that tech companies would be directly controlled by the Chi...

Aug 15 2018

Turkish leader talks big, but can be pragmatic in crises

US President Donald Trump said Friday he had doubled steel and aluminium tariffs on Turkey , which pushed the Turkish lira to new historic lows against the dollar. dol...

Aug 15 2018

Economic turbulence hits crude oil

The prospect of continued strength in the US dollar over the coming months should constitute an even greater concern to bullish oil traders than an escalating trade war...

Aug 15 2018

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

He did not say when the boycott would start or how it would be enforced. "You act on one side as a strategic partner but on the other you fire bullets into the foot of ...

Aug 15 2018

Elon Musk Confirms Saudis Will Pay for Taking Tesla Private

At about the same time he tweeted this, reports of the Saudi Arabian sovereign wealth fund taking an interest in the company, beyond just buying shares on the stock...

Aug 14 2018

Authorities say firefighter killed battling Northern California

A total of eight people have been killed in connection with the Carr Fire , including two firefighters and four civilians. "The significant challenge for the Ranch ...

Aug 14 2018

Rupee breaches 70/$ as investors turn jittery over Turkish currency turmoil

The rupee has been among the worst performing currencies against the dollar compared with its peers so far this year. The Turkish lira dived nearly 8 per cent Monday ...

Aug 14 2018

Markets rattled as Turkish lira dives

American pastor Andrew Brunson has been held since October 2016 on charges of terror and espionage, and if convicted, could face a jail term of 35 years. Erdogan has acc...

Aug 14 2018

U.S. jury orders Monsanto to pay cancer patient $290m

The World Health Organization's cancer arm in 2015 classified the main ingredient in Roundup , glyphosate, as " probably carcinogenic to humans ". DeWayne Johnson ,...

Aug 14 2018

Iran's Khamenei rejects Trump offer of talks, chides government over economy

Ayatollah Khamenei asked in reference to the USA withdrawal from the 2015 nuclear deal and restoration of sanctions against Iran. "I ban holding any talks with America"...