Business

Tesla's Musk Says Company Focusing on What's Next

Tesla's Musk Says Company Focusing on What's Next Tesla is in no danger of going bankrupt. One of the reasons it will have only one visual display is to make manufacturing easier and further reduce the amount of wiring used in the vehicle . "Ultimately, given difficulties that we did not foresee in this first-of-its-kind production ramp, it took us six months longer than we expected to meet our 5,000 unit per week guidance". [Full Article...]

Abe calls for steady development of ties with China

Abe calls for steady development of ties with China Even as China's impression of Japan has recovered from the 2012 crisis, thanks partly to tourism, the Japanese have remained wary. Japanese investment in the country shrank as political relations chilled for a period and only started to truly recover until previous year. [Full Article...]

US Fed's vice chair backs further rate hikes

US Fed's vice chair backs further rate hikes They explain the interest rate was kept at historic lows under Obama to help the economy recover from the Great Recession, which began about a decade ago. The Dow Jones Industrial Average rose 400 points, or 1.6 percent, while the S&P 500 gained 1.9 percent, and the Nasdaq surged 3.0 percent. Many believe the Fed policy is based on outdated theories. [Full Article...]

Central Intelligence Agency chief briefs Trump on Khashoggi probe after Turkey trip

Central Intelligence Agency chief briefs Trump on Khashoggi probe after Turkey trip After the journalist disappeared, Saudi Arabia initially insisted Khashoggi had walked out of the consulate after visiting the building on October 2. Mr Khashoggi's brother, Sahel, was also invited to a meeting at the Yamama Palace in Riyadh where the king and Crown Prince Mohammed bin Salman expressed their condolences. [Full Article...]

Public Prosecutor: Turkish report says Khashoggi killing was premeditated

Public Prosecutor: Turkish report says Khashoggi killing was premeditated What was left unclear was who premeditated the killing. Prosecutors are interrogating suspects on the basis of information provided by a joint Saudi-Turkish task force, the al-Ekhbariya report said. "It is a disgrace that reaches all the way to Crown Prince [Mohammed bin] Salman". "He's running things and so if anybody were going to be, it would be him". [Full Article...]

Gains Wiped Out: Dow Falls 608 Points as October Losses Mount

Gains Wiped Out: Dow Falls 608 Points as October Losses Mount The Nasdaq Composite dropped 4.63% into correction territory as a broad sell-off pummeled the index, with chipmakers among the biggest losers. The Russell 2000 index of smaller-company stocks gave up 12.91 points, or 0.8 percent, to 1,526.59. [Full Article...]

Didn’t win Mega Millions? Winning numbers announced for $602.5M Powerball jackpot

Didn’t win Mega Millions? Winning numbers announced for $602.5M Powerball jackpot The Powerball has climbed since the last victor in NY in August, and has had 20 drawings since then without a jackpot victor. Before the drawing, lottery officials had been reporting an expected record-breaking $1.6 billion jackpot, based on estimates tied to historical patterns, lottery spokeswoman Carole Bober Gentry said on Wednesday. [Full Article...]

Italy watchdog fines Apple and Samsung over software updates

Italy watchdog fines Apple and Samsung over software updates It fined Apple and Samsung , which have denied any wrongdoing, €10 million and €5 million respectively. Have you ever felt that your device feels slower after you upgrade to a newer OS version? This is not the first time Apple has been accused of deliberately throttling the performance of its older phones. [Full Article...]

‘Gold diggin’ dog cons McDonald’s customers into giving her food

‘Gold diggin’ dog cons McDonald’s customers into giving her food She's not even a stray dog. Reyes said the dog leaves the house all the time to go walking and ends up at the fast-food restaurant. The dog approached Reyes' vehicle, but when she saw her owner was behind the wheel, she moved on to another auto in search of food. [Full Article...]

Khashoggi killing: Russian Federation and China plug gaps after 'Davos in desert' snub

Khashoggi killing: Russian Federation and China plug gaps after 'Davos in desert' snub Speaking at a business forum in Riyadh, Mohammed bin Salman said "the crime was painful to all Saudis" and there would never be a rift with Turkey . " Saudi Arabia will go and implement all necessary rules and investigate deeply in order to achieve results". [Full Article...]

Growing lottery jackpots to tempt players this week

Growing lottery jackpots to tempt players this week The lottery is giving away 250 coupons good for one Mega Millions ticket at the Red Mile parking lot at 1200 Red Mile Road in Lexington. In California alone, almost $5.7 million worth of Mega Millions tickets were sold within the first half of the day Thursday. [Full Article...]

Italy brushes off downgrade as it plans EU budget response

Italy brushes off downgrade as it plans EU budget response Italy on Monday refused to back down on its plans to ramp up public spending, keeping alive a dispute with the European Union , which is anxious the budget would increase the country's high debts. If the budget is rejected, Brussels would ask Italy to revise its spending plans and re-submit them to the Commission. "I fight the National Front and I fight the League on a political level, but I re... [Full Article...]

PM Imran Khan to address the nation today

PM Imran Khan to address the nation today Prime Minister Imran Khan said this week Pakistan was seeking help from "friendly nations", which is usually a reference to close allies Saudi Arabia and China, to go with any International Monetary Fund program. "At the same time, clamping down on money laundering, which is a problem in most of the developing world". Minister for Foreign Affairs Shah Mehmood Qureshi , Minister for Finance ... [Full Article...]

Someone in SC woke up $1.6 billion richer Wednesday morning

Someone in SC woke up $1.6 billion richer Wednesday morning The win would place a single victor in the 1,477th slot in Forbes' billionaire rich list. The Texas victor and one of the Florida Match 5 winners included the optional Megaplier, so those two tickets are worth $3 million each. The Texas Lottery made the announcement early Wednesday morning. If no one wins Tuesday night, we'll go back to listening to aspiring billionaires dream of a luxurious... [Full Article...]

Oil slumps 5 percent as global equities tumble, Saudi supply assurances

Oil slumps 5 percent as global equities tumble, Saudi supply assurances He added there is NO guarantee that oil prices would not go higher once anti-Iran sanctions come into force next month. "So we did our job and more", the crown prince claimed, prompting Zangeneh to dismiss the remarks as "nonsense". He added that Riyadh had capacity to increase production to 12 million bpd. "Then we will continue with the mindset we have now, which is to meet any demand that... [Full Article...]

Khashoggi Case: Murder Planned Days in Advance, Says Erdogan

Khashoggi Case: Murder Planned Days in Advance, Says Erdogan Saudi Arabia - whose ambitious crown prince, Mohammed bin Salman , has been amassing power - initially claimed Khashoggi left freely after visiting the consulate, where he was completing paperwork for his upcoming marriage. Addressing ruling party lawmakers in parliament, Mr Erdogan used the word "murder" 15 times to describe Mr Khashoggi's death. "The process was no good. [Full Article...]

Canada Post workers on picket lines in four cities, including Edmonton

But Gélineau said that Canada Post president and CEO Jessica McDonald's conciliatory tone has not been matched by a real opening at the bargaining table. "I know the parties are working very hard, I think both are motivated to ensure that we get a collective agreement", Mackinnon adds. NSLC spokesperson Beverley Ware told NEWS 95.7's The Sheldon MacLeod Show Canada Post Expedited Parcel Servic... [Full Article...]

Elon Musk: Boring Company’s First Tunnel To Open On December 10

Elon Musk: Boring Company’s First Tunnel To Open On December 10 USA high-tech entrepreneur Elon Musk took to Twitter on Sunday to announce the opening of the first tunnel of his high-speed underground transportation system. Musk's many fans on Twitter ribbed him after the announcement that the LA tunnel would soon be opened. But guys, December 10 is apparently the actual, real life, not-to-be-delayed date it'll launch. [Full Article...]

Bloomberg finally pushed Tim Cook too far

Bloomberg finally pushed Tim Cook too far It's hard to believe that Bloomberg's story was accurate, and the company and its reporters owe everyone an explanation - or at least some additional evidence to support the reporting. The report has also drawn criticism from United States intel chiefs. "Email searches, data center records, financial records, shipment records". The news agency said that major banks were also using servers ... [Full Article...]

Italy expects budget to face EU rejection Tuesday

Italy expects budget to face EU rejection Tuesday It marks the start of a process which could culminate in a decision by the Commission to issue a negative opinion next week - essentially rejecting Italy's budget - and asking the Italian government to send it back with revisions. The increase suggests investors are more nervousness about the impending budget showdown with the EU. Kurz said: "If one breaks these rules then this means that Italy ... [Full Article...]


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