Money

Tesla Faces FBI Probe of Production Figures

Tesla Faces FBI Probe of Production Figures Tesla has found itself in the midst of controversy in recent months after CEO Elon Musk tweeted that he had secured funding to take Tesla private, and was considering doing so. The automaker told Reuters that it has not received a subpoena from the Department of Justice related to Model 3 production, but rather has cooperated with a voluntary request for documents. [Full Article...]

China Tells State-Owned Giants to Halt Iran Oil Buying

China Tells State-Owned Giants to Halt Iran Oil Buying Any increase in oil market directly affect energy security in the U.S". In equity markets, the S&P 500 Index is set for the worst monthly decline since 2011 on concerns over global economic growth and sluggish corporate earnings. Only recently, Saudi Arabia's Oil Minister Khalid al-Falih had said that the kingdom has no intention of an oil embargo on Western consumers, despite the current cris... [Full Article...]

IBM buys Linux giant Red Hat to thrive in the cloud

IBM buys Linux giant Red Hat to thrive in the cloud With the rise of proprietary cloud computing infrastructure and services, however, Red Hat itself might be feeling the pressure to find new sources of revenue. Red Hat has been in business since 1993 and has expanded its offerings from Linux to a number of open source middleware products. Red Hat's share price was 28 percent down over the past six months. [Full Article...]

Stocks slump again; S&P 500, Dow back into red for year

Stocks slump again; S&P 500, Dow back into red for year US stocks plunged on Friday as grim earnings reports from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but data showing economic growth in the last quarter slowed less than expected provided some relief. [Full Article...]

China produces largest number of new billionaires a year ago

China produces largest number of new billionaires a year ago UBS and PwC said there were already more billionaires in Asia than in the US. Now in its fifth edition, the report draws on UBS and PWC's extensive client network and access to data, and aims to promote a deeper understanding of the billionaire population globally. [Full Article...]

Tesla under USA 'criminal probe' for Model 3 comments

Tesla under USA 'criminal probe' for Model 3 comments The SEC sued him for fraud, calling his claims "false and misleading", before reaching a settlement . It's still nowhere close to generating revenue and earnings to contend with the likes of Toyota Motor Corp. The quarter "marks an inflection point", said Joe Dennison, associate portfolio manager of Zevenbergen Capital Investments in Seattle. In July 2017, Musk said he was confident that Tes... [Full Article...]

Obama Slams Trump In Not So Subtle Way

Obama Slams Trump In Not So Subtle Way Huerta said she had chosen to attend a political rally for the first time in her life, citing Trump's rhetoric and policies targeting minority communities. At the Monday rally, though, Hispanic voters said they felt anything but disengaged. "You just feel it when you turn on the TV and watch the news", said Maria Huerta, a 39-year-old nurse practitioner in Las Vegas. [Full Article...]

Markets Right Now: Stocks plunge, erasing gains for the year

Markets Right Now: Stocks plunge, erasing gains for the year Asian futures sunk, threatening to push the MSCI Asia Pacific Index deeper into a bear market with the gauge already down 20 percent from a January peak. 3M fell 6.3 per cent after its earnings missed Wall Street's targets. Homebuilders declined after the government said sales of new US homes declined in September for the fourth straight month. [Full Article...]

Single winning ticket sold in United States lottery just shy of world record

Single winning ticket sold in United States lottery just shy of world record The Mega Millions ticket sold at SLO Quick Stop at 2600 Broad Street. South Carolina Education Lottery Chief Operating Officer Tony Cooper, left, and KC Mart owner CJ Patel, right, spoke to reporters, today, about the winning ticket sold at the Simpsonville, S.C., store. [Full Article...]

Where does all that lottery money go besides the victor?

Where does all that lottery money go besides the victor? If one person gets all of the numbers, they can choose the lump-sum cash payout and walk away with nearly $905 million after taxes. A man walks past Mega Millions and other lottery displays outside of The Lucky Spot in San Francisco, on October 18, 2018. [Full Article...]

Trudeau says Canadians 'expect consequences' for killing of Saudi journalist

Trudeau says Canadians 'expect consequences' for killing of Saudi journalist Cengiz contacts Turkish officials to say that Khashoggi has been held or "something bad" has happened to him. "It was carried out poorly and the cover-up was one of the worst cover-ups in the history of cover-ups", Trump said, according to The Hill . [Full Article...]

'Pretty striking': Oil price plunges to six-week low

'Pretty striking': Oil price plunges to six-week low Iran's minister of petroleum says Saudi Arabia has submitted to USA pressure, violating an OPEC agreement reached in June not to raise its production. USA crude fell US$3.17, or 4.6 per cent, to US$66.19 a barrel, after hitting a session low of US$65.74, the lowest level since August 20. The Saudis have deep pockets, thanks to the strong global oil price, and they are courted by many around th... [Full Article...]

Powerball, Mega Millions Jackpots Combine To An Estimated $2.22 Billion

Powerball, Mega Millions Jackpots Combine To An Estimated $2.22 Billion With the potential Powerball jackpot now climbing to around $620 million and the Mega Millions jackpot at around $1.6 billion (the largest jackpot in US history), the lottery money up for grabs next week could top $2 billion . There are smaller prizes, from $4 up to $1 million, for matching some, but not all, numbers. That is partly by design. But because the player added the Power Play for a... [Full Article...]

In his 'last' column, Khashoggi wrote on threats to free media

In his 'last' column, Khashoggi wrote on threats to free media In a sorrowful note atop the column , Khashoggi's editor explained why the Post chose to publish the column Wednesday, almost three weeks after his disappearance. She ended her note: "This column perfectly captures his commitment and passion for freedom in the Arab world". "I told President Trump this morning that we ought to give them a few more days to complete that so we can get a comp... [Full Article...]

Judge approves Elon Musk settlement with SEC

Judge approves Elon Musk settlement with SEC In addition, Musk must also step down as chairman of Tesla, although he will remain the company's CEO. Company founder Tesla and the Commission on securities and exchange Commission (SEC) entered into a pretrial agreement against inventor fraud charges. [Full Article...]

Mega Millions jackpot hits $868 million, second-largest in US history

Mega Millions jackpot hits $868 million, second-largest in US history No ticket matched the winning numbers (3-45-49-61-69-9). According to a release from Mega Millions, the last Mega Millions jackpot was won July 24, netting 11 co-workers a combined $543 million. The jackpot is the largest in the game's history, second largest overall. The Powerball jackpot up for grabs Wednesday night will be a cool $345 million, with a cash value of $199 million. [Full Article...]

Saudi consulate to be searched after Jamal Khashoggi's disappearance

Saudi consulate to be searched after Jamal Khashoggi's disappearance Under Son, SoftBank built its global influence through tech investments and raised over $93 billion a year ago to create its Vision Fund - with $45 billion coming from Saudi Arabia. The incident is threatening to spark a geopolitical crisis as the US and Turkey demand answers from Saudi Arabia, and the kingdom vows to retaliate against any punitive measures imposed over the critic's fate. [Full Article...]

UN Rights Official Calls For Impartial Probe Into Missing Journalist Case

UN Rights Official Calls For Impartial Probe Into Missing Journalist Case Other reports suggest Saudi Arabia may admit he died during a botched interrogation. In this photo from February 1, 2015, Saudi journalist Jamal Khashoggi speaks at a press conference in Manama, Bahrain. He offered his assessment after talks with the Saudi leadership and said the Crown Prince denied any knowledge of what happened to Khashoggi at the Saudi consulate in Istanbul. [Full Article...]

Moline Kmart will close as part of Sears bankruptcy

Moline Kmart will close as part of Sears bankruptcy Shares in Illinois-based Sears closed at about 41 cents on Friday, down from over $100 in the years after hedge-fund star Lampert, once hailed as another Warren Buffett, merged it with discount store Kmart in a $11 billion deal in 2005. A long series of store closings has left it with under 900 today. The company, known for refrigerators, washing machines, and other appliances, says that about 1 p... [Full Article...]

Saudi dissident believes Riyadh tapped calls with Khashoggi

Saudi dissident believes Riyadh tapped calls with Khashoggi No proof has emerged that he ever left the Saudi consulate, and despite the Saudis insisting that he did leave their building, they have offered no evidence that he did. Sens. Marco Rubio and Jeff Flake, members of the Foreign Relations Committee, have said Congress is prepared to move quickly and firmly if Trump fails to adequately respond to Khashoggi's disappearance. [Full Article...]


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