Business

Elon Musk has new plans to tunnel into Chicago

Elon Musk has new plans to tunnel into Chicago The alternative - by road - can take more than twice as long. Musk, who also owns Tesla , said last July that the government provided The Boring Company with verbal confirmation to construct an underground hyper loop that would connect New York, Philadelphia, Baltimore and Washington, D.C. [Full Article...]

Supply Chain Caught in Crossfire of U.S.-China Trade Conflict

Supply Chain Caught in Crossfire of U.S.-China Trade Conflict International Monetary Fund chief Christine Lagarde yesterday warned that the Trump administration's trade policies were likely to hurt the United States economy and undermine the world's trade system. " Manufacturers certainly have concerns that tariffs will cause more problems than they solve, but we also recognize that the administration may intend to use them as a negotiating tactic to brin... [Full Article...]

Theranos founder Elizabeth Holmes indicted on wire fraud charges

Theranos founder Elizabeth Holmes indicted on wire fraud charges Along with Holmes, Ramesh " Sunny " Balwani, former president of Theranos, is being charged by the DOJ as well. The indictment accuses Mr. Holmes and Mr. In a settlement with the SEC, Holmes agreed to pay a $500,000 fine and return 18.9 million shares of Theranos stock. Holmes and Balwani also told investors that Theranos had used its own system to conduct tests on patients, when it had actu... [Full Article...]

Kansas City police kill woman who was spotted with sword

Kansas City police kill woman who was spotted with sword Investigators said the inmate may have grabbed a weapon from one of the deputies during a struggle after he got out of a van transporting him late Friday morning. "We are here for you all". Kansas City, Kansas, police confirm the deputies were shot at the courthouse in downtown Kansas City, Kansas. The Kansas City Royals plan to hold a moment of silence in honor of Rohrer at Friday night's gam... [Full Article...]

US Oil Production Jumps, Eyes 11 Million; Trump Hits OPEC On Prices

US Oil Production Jumps, Eyes 11 Million; Trump Hits OPEC On Prices Saudi Energy Minister Khaled al-Faleh said in April that the global market can absorb higher oil prices, a remark that drew a swift rebuke from Trump . The rising stocks are in part a result of the surge in USA crude oil production C-OUT-T-EIA, which has jumped by 28 percent in the last two years, to a record 10.8 million barrels per day (bpd). [Full Article...]

China to retaliate to $US50b Trump tariffs

China to retaliate to $US50b Trump tariffs Konstantinos Anthis, Head of Research at ADS Securities has described President Trump as the "X-factor that market participants didn't anticipate". China's Commerce Ministry answered quickly to the USA taxes on Chinese imports. China's Ministry of Commerce released a statement saying that China would impose tariffs that were the " same scale and the same strength " as those imposed by the ... [Full Article...]

McDonald's taps paper straws in United Kingdom to trim down plastic waste

Under pressure by environmentalists, McDonald's said Friday that it will start testing alternatives to plastic straws at select locations in the US later this year. She said paper alternatives were not always suitable or safe. Eric Goldstein, senior attorney for the Natural Resources Defense Council, said the announcement from as big a company as McDonald's reflects the growing tide of concern... [Full Article...]

Comcast makes $65B offer for Fox, exceeding Disney bid

Comcast makes $65B offer for Fox, exceeding Disney bid Critics have sharply criticized the merger, but in a surprise ruling, a federal judge found that the Department of Justice had failed to show that such a business deal would harm competition within the market. Comcast first approached Fox previous year with an informal proposal. The Trump administration's Justice Department, which opposed the AT&T-Time Warner deal on the grounds that it would... [Full Article...]

Domino's is helping fix potholed roads so your pizza stays flawless

Domino's is helping fix potholed roads so your pizza stays flawless The initiative is aimed at 'saving pizza .' Picture courtesy of Domino's Pizza ."Have you ever hit a pothole and instantly cringed?" Domino's Pizza is underscoring the importance of its carryout business by working to make roads easier to drive on. [Full Article...]

Federal judge approves AT&T-Time Warner merger

Federal judge approves AT&T-Time Warner merger If AT&T is successful in its bid to buy Time Warner , it will nearly certainly find itself competing in a media market dominated by other large, integrated providers. "We would lose a lot of subs", Schlichting said, during an hour and a half of testimonies at the U.S. District Court in Washington, D.C. The DOJ moved to block the merger in March, arguing that the merger would reduce competition an... [Full Article...]

Trump shows off 'The Beast' to Kim during historic Singapore summit

Trump shows off 'The Beast' to Kim during historic Singapore summit Kim Jong-un commits to denuclearisation in a joint document with Donald Trump . Trump said later that they had run out of time. Korean-Americans make a toast at a party to watch the Trump-Kim Singapore summit in Koreatown, Los Angeles. [Full Article...]

Navarro voices regret for harsh words about Canadian leader

Navarro voices regret for harsh words about Canadian leader Earlier in the day, Trump had said there should be "tariff free" trade between the G-7 nations, though he did not elaborate on how or whether the United States would reduce barriers. "Kim must not see American weakness". In a display of calculated aggression, Kudlow thumped the table as he told CNN's State of the Union Trudeau had "stabbed us in the back" and instigated "a betrayal". [Full Article...]

Elon Musk Says Tesla Nearly Ready To Deliver Self-Driving Car

Elon Musk Says Tesla Nearly Ready To Deliver Self-Driving Car Previous updates to Autopilot were "rightly focused entirely on safety", he said . With V9, we will begin to enable full self-driving features. Electric cars get a lot of attention, but the electric motorcycle segment has been booming in the shadows for the past several years. [Full Article...]

Tesla cuts 9% of workforce in search for profit

Tesla cuts 9% of workforce in search for profit Elon Musk, Tesla's chairman, said on Twitter that the job cuts were "difficult, but necessary". "As part of this effort, and the need to reduce costs and become profitable, we have made the hard decision to let go of approximately 9 percent of our colleagues across the company", Musk wrote". [Full Article...]

Trump slams Trudeau, says United States won’t endorse G7 communique

Speaking with reporters on Monday at the Manitoba Legislature, the Premier voiced his concerns over the relationship between Prime Minister Justin Trudeau and President Donald Trump , which took a nose dive over the weekend at the G7 Summit in Quebec. [Full Article...]

Donald Trump, Kim Jong Un prepare for Singapore summit

In an interview with BBC ( who really got our geography wrong yesterday ), Minister of Foreign Affairs Vivian Balakrishnan confirmed what everyone was guessing a week ago : Singapore is indeed picking up the hotel tab for the North Korean contingent here. [Full Article...]

US President Trump arrives in Singapore for historic Trump-Kim summit

US President Trump arrives in Singapore for historic Trump-Kim summit The only logical explanation for Rodman's visit to Singapore would have to do with the fact that he has been closely associated with Jong Un and Trump in the past. Kim Yo Jong, the North Korean leader's sister, arrived aboard that jet. Mr Kim was driven to the city centre on Sunday in a stretch Mercedes-Benz limousine accompanied by a convoy of more than 20 vehicles. [Full Article...]

FIFA bans Ghana football boss for 90 days

FIFA bans Ghana football boss for 90 days This is by no means an admission of wrongdoing for issues on the video", the statement said. Kwesi Nyantakyi's apology and resignation come a day after the government announced a dissolution of the Ghana Football Association and hours after FIFA banned the embattled football president for 90 days. [Full Article...]

'The Band's Visit' bucks trend by sweeping Tony Awards

'The Band's Visit' bucks trend by sweeping Tony Awards De Niro said. "It's no longer 'down with Trump.' It's 'f*ck Trump!'" Actor Robert De Niro used the opportunity of the Tony Award ceremony to fling insults at the USA president. In the coming months, Sasson Gabai, the veteran Israeli actor who portrayed the lead role of Tawfiq in the film, will be taking on the role on Broadway as well. [Full Article...]

I’ll know ‘within first minute’ if North Korea is serious at summit

I’ll know ‘within first minute’ if North Korea is serious at summit PSCORE is a nonprofit that promotes reunification, raises awareness about human rights issues in North Korea , and helps defectors adjust to life in South Korea . "Within the first minute, I'll know". "That's why I feel positive, because it makes so much sense". His father was born in North Korea and escaped as a young child and the pair are hopeful the meeting could pave the way for reunifica... [Full Article...]


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