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Finance

Tesla Shares Plummet as Company Misses Vehicle Delivery Estimates - Again

With Musk having generally reigned in his own behavior and the company's Model 3 production figures much closer to weekly production targets, the alarm bells that were ringing six months ago have quieted considerably. Tesla will be announcing its Q4 financials later this month. 'The price cut is what's driving the stock lower, as it openly acknowledges the sunset of subsidy dollars is a material headwind, ' Craig Irwin, an analyst with Roth Capital Partners.

Finance

US Stocks Stage Furious Late-Day Rally, Erase Big Drop in Dow

US stocks soared on Wednesday, with the Dow surging more than 1,000 points, as investors tried to regain some of the steep losses suffered in the previous trading sessions. At the same time, he repeated on Tuesday his sharp criticism of the American Central Bank. In his latest tweet, Trump likened the Fed to "a powerful golfer who can't score".

Finance

U.S. Stocks Drop Sharply Amid Continued Volatility

The Nasdaq composite picked up 5.8 percent to 6,554.36. But the gains halved as a pan-European equity index fell 1.1 percent after a strong open and export-reliant German shares lost 2 per cent. Peter Cardillo, chief market economist at New York-based Spartan Capital Securities, said: 'With the end of the quarter, we could get a bounce in the next few days'.

Finance

Dow ends 2.0% lower amid fears of government shutdown

The index is now down more than 10 percent for December, putting it on track for its worst monthly loss in nearly a decade. Benchmark 10-year Treasury notes last rose 2/32 in price to yield 2.783 percent, from 2.789 percent late on Thursday.

Finance

Russia's Putin - nothing to stop us adding other states to nuclear pact

Russian Federation says the missile's range puts it outside the treaty altogether and is not as long as Washington alleges, meaning that it is fully compliant with the INF. Amid a litany of complaints over Washington's policies, Putin had one nice thing to say about the United States: He welcomed Trump's decision to withdraw the USA military from Syria.

Finance

Former NASA engineer gets revenge on porch pirates with glitter bomb

But when they told him it wasn't worth their time and effort to do anything about it, he knew he'd need to get his own revenge. However, authorities have been slow to respond and the Federal Bureau of Investigation now keeps no national statistics on the issue.

Finance

Bound Southwest Flight Turns Around After Human Heart Discovered Onboard

Southwest spokesman Dan Landson confirmed to the newspaper that Flight 3606 landed at Sea-Tac International Airport after about three hours in flight, adding that the "life-critical cargo shipment" was removed from the plane. It's unclear how long the flight was in the air before it made its return to Seattle or if the heart was intended for a specific patient. However, many passengers were confused after finding out that a heart has limited time before it has to be transplanted.

Finance

Bookmakers predict Theresa May will survive no confidence vote

Members of Theresa May's Cabinet have come out to give their backing to the embattled Prime Minister. He said: "I have been asked how I will vote tonight". Two members who were under party suspension for alleged misconduct prior to Wednesday were permitted to vote in the ballot. May also claimed that a new prime minister would mean "delaying or even stopping Brexit" as they would not be installed in time to meet January's legal deadline on negotiations.

Finance

Marlboro maker Altria buys big stake in Canadian marijuana company

Altria , the parent company of Philip Morris USA, which makes Marlboro cigarettes, is taking a 45 percent stake in the Toronto company. The deal also includes warrants to acquire additional ownership interest in Cronos at a price of C$19 per share over the next four years, which could raise Altria's stake to 55 per cent.

Finance

Hundreds of 'yellow vest' protesters are detained in Paris

Several thousand protesters, majority male and dressed in " gilets jaunes ", the yellow high-visibility jackets that have become the symbol of the movement, took part in demonstrations, converging on the Champs-Elysees around midday local time.

Finance

China confident of agreeing United States trade deal despite Trump's combative stance

The president also seemed less focused than he has been in the past on the US trade deficit with China - widely seen by most economists as a red herring in the trade relationship - and more focused on, as he tweeted, leveling the playing field between USA and China firms.

Finance

Trump, Xi sit down to dinner at G20 to discuss trade war

President Trump teased automakers in the US and worldwide late Sunday with a characteristically minimalist announcement of China's apparent intention to ease its 40 percent import tariffs on USA -made cars. said it would hike tariffs on $200bn of Chinese goods from 10 to 25 percent. The same goes for Trump who is under pressure from U.S. lobby groups, who have pointed out that higher tariffs would mean higher costs for American manufacturers, leading to higher prices for USA consumers.

Finance

Microsoft briefly dethrones Apple as the most valuable United States company (AAPL, MSFT)

While Microsoft dominated Apple during the 80s and 90s, Steve Jobs finally one-upped Bill Gates with the release of the iPod and then the iPhone in the mid-2000s. Rich Ross, a technical analyst at Everscore ISI, said Apple could see another 18 percent slide. Microsoft shares rose more than 3 percent as US markets and large cap tech stocks shook off recent losses.

Finance

G-20 enters final day with work to do on bridging divisions

Macron said Saturday that in the exchange, he also pushed bin Salman to help find a political solution to the Saudi-backed war in Yemen, and to help stabilize world oil prices. A copy was obtained by The Associated Press. President Donald Trump puts down the translation device during his welcome by Argentina's President Mauricio Macri, right, at Casa Rosada presidential house in Buenos Aires , Argentina, Nov.

Finance

A century of history highlighted during Saudi Crown Prince's visit to Bahrain

It was the second protest in as many days against the de facto Saudi ruler, who was expected to fly into Tunis from Egypt on Tuesday for talks with President Beji Caid Essebsi as part of a regional tour. A Turkish newspaper also reported on Thursday that CIA director Gina Haspel signalled to Turkish officials that the agency had a recording of a call in which the crown prince gave instructions to "silence" the journalist.

Finance

Donald Trump on Dire Government Climate Report: 'I Don't Believe It'

We want to hear from you. The analysis, compiled by government scientists and quietly issued Friday, warns that the US could shoulder hundreds of billions of dollars in costs from unchecked climate change, as floodwaters swamp coastal communities and droughts devastate crops.

Finance

General Motors to phase down operations in Oshawa

USA consumers have swiftly shifted away from passenger cars to larger, more comfortable SUVs and pickup trucks, leaving automakers scrambling to readjust. Wolikow said he's got three kids, and that he and his fiancee, who works at a Cracker Barrel, are racking up credit card debt just to pay for basic living expenses.

Finance

Canada Post Back-To-Work Legislation Introduced To End CUPW Strike

He said the union's legal team will review the legislation. Bill C-89 passed the first two readings in the Senate on Saturday afternoon and is now being considered in detail by the committee of the whole. On Wednesday, NDP Parliamentary Leader Guy Caron accused the government of bowing to the demands of e-commerce web giants like Amazon and eBay. In Canada, workers began striking earlier last month after almost a year of negotiations failed to produce agreement.

Finance

FDA: California Could Be Source Of Romaine Lettuce Tainted With E. coli

Similarly, the Public Health Agency of Canada is also coordinating with United States authorities as they are also experiencing a similar outbreak. "The Government of Canada advises residents in provinces affected by the outbreak to avoid eating romaine lettuce - including salad mixes containing romaine lettuce - until more is known about the outbreak and the cause of contamination".

Finance

Stores Open For Thanksgiving Holiday

But considering that retailers offer the majority of their special promotions and low prices online as well as in the store, and that Amazon often matches the deals available at physical retailers, it's absolutely OK to stay home and shop online.

Finance

Three states vote to legalize marijuana in midterm election

One question asked voters whether they supported a ban on pot retailers in Newton entirely, and the other question asked whether they wanted to limit the number of pot retailers that could open. In Florida, 63 percent voted to pass a measure that restores voting rights to 1.5 million former convicts . Jamie Cooper, founder of Grand Haven-based business that provides consultation for the marijuana industry, was nervous but optimistic on Tuesday, as she attended a gathering with the ...

Finance

Democrats have a modest, narrowing lead in 2 final congressional preference polls

While both Gillum and Abrams are African-Americans, the right-wing demonization of minorities and immigrants extends even to American Jews, not withstanding Trump's support for Israel on the foreign policy front. As the economy rebounded, so, too, did their fortunes. Meanwhile, if Republicans win, they're unlikely to attribute that victory to the real factors: a historically terrific economy, as well as a historically disconnected Democratic Party.

Finance

Amazon is giving everyone free shipping on everything for the holidays

Target last month said it would offer free two-day shipping on hundreds of thousands of items, with no minimum order size, from November 1 to December 22 - a move created to keep customers looking to shop online from defecting to rivals like Amazon or Walmart , which both charge for expedited shipping.

Finance

Apple is selling refurbished iPhone 8 and 8 Plus starting at $499

Global sales accounted for 61 per cent of the quarter's revenue. That's on the high-end of investor's expectations but flat compared to the 46 million Apple sold in the same quarter a year ago. From next quarter onwards, Apple will only report overall total revenue and cost of sales. Services revenue for the quarter surpassed $10 billion for the first time, growing 27 percent year-over-year.

Finance

Look China rich help drive global billionaire wealth to $12.3 trillion

Numerous country's 373 billionaires - nearly one in five of the global total - are self-made tycoons, often involved in the technology and retail sectors. It said 97 percent of them are self-made, many of them in sectors such as technology and retail. By UBS' estimation, 30 percent of the 199 new self-made entrepreneurs worldwide in 2017 accumulated their wealth through innovation and business model disruption.

Finance

Lucky lottery victor scoops record $1.6bn

The next drawing is on Saturday, Oct. 28. The cash option is now $428.6 million. Ticket sales in MA for that drawing totaled more than $32 million, officials said. Sales from this drawing generated more than $10 million for state beneficiaries, which include more than $4 million for environmental causes. The victor of the jackpot has 180 days to come forward to claim the prize, according to WIS-TV.

Finance

Stocks Rout to Envelop Asia as Treasuries Rally: Markets Wrap

Both the Dow Jones Industrial Index and the S&P 500 erased their 2018 gains on Wednesday in yet another disastrous day of trading and a sixth day of losses. Among the big companies slated to release quarterly results this week are Microsoft, Amazon and Colgate-Palmolive. us stocks fell sharply in morning trading Wednesday, adding to losses from a day earlier.

Finance

Saudi prince may be involved, but I want to believe he's not

The email address you have provided is already registered. It has said Mr Khashoggi died in a "fist fight" at the Saudi consulate in Istanbul on 2 October. He said there had been good co-operation with Turkey, adding: "A lot of people are trying to seize this painful situation to create a rift between Saudi Arabia and Turkey".

Finance

Floresville resident claims $5 million Mega Millions prize

Still, the odds of winning said prize are incredibly small: 1 in 302,575,350, according to the Mega Millions website . At $1.6 billion and growing, Mega Millions is at an all-time high for lotteries . Almost all winners take the cash option, which was about $904 million as of Monday morning. The Mega Millions jackpot has climbed to an estimated $1.6 billion.

Finance

Jamal Khashoggi disappearance: Saudi crown prince 'denies involvement'

After meeting with King Salman and the crown prince on Tuesday, Pompeo told reporters that Saudi Arabia has committed to conducting a complete investigation into Khashoggi's disappearance. The New York Times , citing a person familiar with the Saudi plans, reported the crown prince had approved an interrogation or rendition of Khashoggi back to Saudi Arabia.

Finance

Saudi stocks fall as tension with United States increases over Khashoggi case

Prince Khaled al-Faisal, a senior member of Saudi Arabia's ruling family and adviser to King Salman, has met Turkish President Tayyip Erdogan to discuss Khashoggi's disappearance, according to two sources with knowledge of the matter. Investment in sport has proved a viable option for those two oil-rich gulf states looking to project soft power and improve the global prestige of their nations overseas and, it's claimed, Saudi Arabia are set to look to do the same.

Finance

Sears Locations Across Texas Closing After Bankruptcy Filing

Sears Holding Corp. said it is closing unprofitable stores to lower the company's costs and increase cash flow. Remember, J.C. Penney has been more deliberate than any other retailer in recent years about trying to win market share as Sears closed hundreds of stores.

Finance

James Murdoch tipped to lead Tesla board

The billionaire, who also owns aerospace firm SpaceX , has been in the news recently as much for his erratic behavior as for his business ventures. On Wednesday, The Financial Times reported that the 21st Century Fox CEO and son of Rupert Murdoch would take the role being vacated by the electric vehicle entrepreneur following a settlement with the Securities and Exchange Commission (SEC).

Finance

United States interest rate rises are necessary, says International Monetary Fund chief

Add it all up, and it means the world's most savvy investors are betting that the USA economy will keep growing at a healthy clip, without inflation emerging, but that the Fed will have to keep raising rates well above current levels in order to prevent that inflation.

Finance

Elon Musk Resigns As Chairman Of Telsa

Under the agreement - which Clayton said was "in the best interests of our markets and our investors, including the shareholders of Tesla " - Musk will be ineligible to serve as chairman of the board for a period of three years and will be replaced by an "independent chairman", according to the SEC .

Finance

NAFTA: Lighthizer hints Mexico pact may need to be reopened if delayed

Trump went on to criticize Canadian officials and how they have negotiated during the recent NAFTA talks. Lighthizer said the timetable for the new deal was set up so Pena Nieto can approve it before he leaves office on November 30 - an arrangement that's acceptable to Lopez Obrador.

Finance

U.S., China hike tariffs as trade war intensifies

Trump had warned that the retaliatory duties by Beijing would ignite a fresh round of tariffs on $267 billion worth of Chinese imports, meaning that all Chinese exports to the U.S. as well. The white paper is the country's most comprehensive statement of its trade war stance to date and came as new tit-for-tat tariffs came into effect.

Finance

Amazon could open 3,000 cashierless Go stores by 2021

Amazon is mulling a plan to open as many as 3,000 cashierless food stores over the next three years, according to a media report. Amazon opened its first cashierless store in Seattle two years ago and has launched two additional locations in Seattle and another in Chicago.

Finance

Coca-Cola Could Make A Move Into CBD-Infused Drinks

Both Coke and rival Pepsico have been trying to expand their businesses beyond traditional soft drinks as people drink less soda because of health concerns. The company, with its iconic brands ranging from Coke and Sprite to Powerade, announced it will acquire the Costa Coffee chain for US$5.1 billion in August, and has expanded into other products including juice, tea and mineral water over the past decade.

Finance

Was Obama worse to the press than Trump?

GDP growth exceeded the jobless rate as recently as the first quarter of 2006, when unemployment was about 4.7% and quarterly GDP growth was 5.4%, government data show. "I have to kind of remind them, actually", he said in an address in IL, "those job numbers are the same as they were in 2015 and 2016". The International Monetary Fund now predicts 2.9% growth this year and next, marking the longest period of expansion in U.S.