Business

Tesla slides after an eventful weekend for Elon Musk (TSLA)

Tesla slides after an eventful weekend for Elon Musk (TSLA) When asked if we was going to take legal action against the mogul, Unsworth said , "Yes, yes, it's not finished". The British cave diver publicly called a "pedo" by tech billionaire Elon Musk is considering taking legal action against the Tesla CEO. [Full Article...]

Netflix shares tumble as subscriber growth misses mark

Netflix shares tumble as subscriber growth misses mark Analysts were expecting 6.3 million - 1.2 million in the United States and 5.1 million internationally, according to Bloomberg . In after-hours trading Monday, Netflix's shares were down $53.87 a share, or more than 13%, to $346.61. While Wall Street remains overwhelmingly positive on Netflix and its role in video streaming globally, the numbers did raise question marks over future growth. [Full Article...]

Netflix Shares Fall After Streaming Service Reports Lower Than Expected Subscriber Numbers

Over the previous eight quarters, the company has on average topped its total net subscriber addition guidance by about 1 million, with three-quarters of that coming from worldwide markets, according to Wedbush Securities analyst Michael Pachter. [Full Article...]

Amazon Prime Day Offers Include Oculus Rift and PlayStation VR Discounts

Amazon Prime Day Offers Include Oculus Rift and PlayStation VR Discounts Amazon reaps tremendous benefits when sellers seed its site with discounted items during Prime Day . The company faced ridicule three years ago for offering bargains that no one was interested in, such as, most notoriously, a tub of lube, according to reports. [Full Article...]

21st Century Fox Wins Key Approval In Britain For Sky Deal

21st Century Fox Wins Key Approval In Britain For Sky Deal Ives says the average Netflix user spends 10 hours a week watching its content, with five hours per week going each to Hulu and Amazon. Long-term goals: Iger wants the Fox assets even if Murdoch fails to clinch all of Sky, yet Sky is still part of the prize. [Full Article...]

U.S. lifts ban on suppliers selling to China's ZTE

U.S. lifts ban on suppliers selling to China's ZTE Because ZTE relies on US suppliers to make its smartphones. "ZTE should be put out of business". The fine was paid in late June , and Ross said Friday that the $400 million had arrived at a USA bank. "As ZTE is finally near the end of the tunnel, we believe its current stock price incorporates an overly pessimistic view on the settlement". Reuters reported on the US demands for a deal on June... [Full Article...]

Tesla to begin phasing out federal tax credit in 2019

Tesla to begin phasing out federal tax credit in 2019 One of Tesla's most influential shareholders is giving Elon Musk an earful about the turmoil surrounding him and the electric-car maker in recent weeks. The Model 3, which starts at $35,000, was created to broaden Tesla's customer base beyond the luxury segment and accelerate the pace of electric-vehicle adoption. [Full Article...]

Amazon rolls out deals ahead of Prime Day

Amazon rolls out deals ahead of Prime Day Amazon's massive annual sales extravaganza, Prime Day, is about a week away, and at least one of the company's rivals is in attack mode. The grocery store chain is also offering discounts on select items including produce, seafood and more ahead of prime day. [Full Article...]

Dozens line up at Build-A-Bear for "pay your age" promotion

Dozens line up at Build-A-Bear for The company wrote in a Facebook post that it closed lines at its stores in Canada and the USA due to overwhelming crowds and safety concerns . One user, @JohnLuke_PW, joked that he'd spent "41 days" in line. Build-A-Bear Workshop, which has four Phoenix-area locations, called off the promotion in North America before 9 a.m. Arizona time. Selena Torres, 3, waits for her unicorn to be filled ... [Full Article...]

US Justice Dept to appeal approval of AT&T acquisition of Time Warner

US Justice Dept to appeal approval of AT&T acquisition of Time Warner The companies have moved forward with their $85.4 billion agreement, putting an AT&T executive in charge of the media conglomerate that produces HBO hit shows like Game of Thrones and the news network CNN . A new trial is likely to see the U.S. government renew. Now the case will go to the D.C. Circuit Court of Appeals, where a three-judge panel will hear the appeal. [Full Article...]

UAE supermarkets recall frozen food following killer listeria outbreak in Europe

UAE supermarkets recall frozen food following killer listeria outbreak in Europe But the patient's death earlier this year means authorities will never know if they ate the suspect vegies. Listeriosis is a rare infection caused by the bacteria listeria . Listeria can cause a life threatening infection, with symptoms similar to the flu including a high temperature, muscle ache or pain, chills, feeling or being sick and diarrhoea. [Full Article...]

Stocks, commodities consolidate after latest trade war jolt

Stocks, commodities consolidate after latest trade war jolt On Friday, the US imposed 25-percent tariffs on around $ 34 billion in Chinese goods , sparking an immediate dollar-for-dollar retaliation from Beijing . Instead, its heavily regulated economy gives Beijing tools to disrupt operations for American companies. Members of Congress are increasingly questioning Trump's tactics. [Full Article...]

Tory MPs tell worldwide trade secretary Brexit plan looks like capitulation

Tory MPs tell worldwide trade secretary Brexit plan looks like capitulation The Chequers policy, which secured Cabinet agreement last week before sparking senior resignations, includes being tied to the European single market for goods under a "common rule book" and close customs arrangements as part of a new UK-EU free trade area. [Full Article...]

Pompeo Accuses Iran of Using Embassies to Plot Europe Terror Attacks

Pompeo Accuses Iran of Using Embassies to Plot Europe Terror Attacks Pompeo's primary ammunition in the talks will be assurances that other nations, mostly Saudi Arabia, will replace Iran's oil exports on the market. U.S. oil over a period of three to six months instead of buying single cargoes". In May, President Donald Trump announced that the U.S. was withdrawing from the Iran nuclear deal signed by the Obama administration in 2015, under which Tehran had ... [Full Article...]

Supreme Court nominee Kavanaugh reports relatively modest finances

Supreme Court nominee Kavanaugh reports relatively modest finances White House claims thousand in dollars of debt came from using credit card to buy baseball tickets, which were later reimbursed by unknown 'friends'. Kavanaugh's friends reportedly reimbursed him for "their share of the baseball tickets", and the judge has "since stopped purchasing the season tickets". [Full Article...]

Fox raises Sky offer to US$32 billion

Fox raises Sky offer to US$32 billion Hong Kong-based hedge fund Case Equity Partners, a Sky investor, said the fact Disney was in a slightly more favourable position for Fox's US media assets meant Comcast would fight even harder to get Sky. 20th Century Fox recently set July 27 as the new date for stockholders to vote on the sale of their many film and television assets to The Walt Disney Co ., which has also recently received ... [Full Article...]

US to slap tariffs on extra $200 billion of Chinese imports

US to slap tariffs on extra $200 billion of Chinese imports The move would be the latest in the escalating trade skirmish between the world's two biggest economies. Last week, Washington imposed 25 percent tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of US exports to China. [Full Article...]

Jobless rate for Latino Americans fell to record low in June

Jobless rate for Latino Americans fell to record low in June In spite of healthy job growth, wage growth is especially weak in manufacturing, rising just 1.7 percent over the a year ago. The participation rate, or share of working-age people in the labor force, increased to 62.9 percent from 62.7 percent the prior month. [Full Article...]

Booming US jobs market lifts chance of rate rise

Booming US jobs market lifts chance of rate rise Average hourly earnings advanced 2.7 per cent from a year earlier, while the jobless rate increased to 4 per cent from 3.8 per cent, the first rise in nearly a year. It's "another strong month for jobs", CNN's Christine Romans told her viewers. Trump oversaw a steadily-declining unemployment rate which eventually reached its lowest level since 2000 . [Full Article...]

USA soybean farmers say China tariffs could result in ‘serious damage’

USA soybean farmers say China tariffs could result in ‘serious damage’ Retaliatory measures by China also include taxes on imports of a variety of USA dairy products. It added that instead of "serving the interests of U.S. Foreign companies accounted for $20 billion, or 59%t, of the $34 billion of exports from China that would be subject to new USA tariffs, with US firms accounting for a significant part of that 59 percent, Gao said. [Full Article...]


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