Money

Money Tesla probing the 'extensive' sabotage of the company by rogue employee
Author: 0 Tesla probing the 'extensive' sabotage of the company by rogue employee

Apparently the employee in question has already admitted to some of these actions, but the full extent of what he did is still to be determined. "In light of these actions, not promoting him was definitely the right move". For now, Musk asks employees to, "Please be extremely vigilant , particularly over the next few weeks as we ramp up the production rate to 5k/week".

Money Trump blasts Germany while making case for US….
Author: 0 Trump blasts Germany while making case for US….

Seehofer is calling for Germany to turn away immigrants who have already registered in other European Union countries, which would undermine Merkel's open door policy adopted in 2015, since when the country has welcomed some 1.6 million refugees .

Money Trump threatens to impose more trade tariffs on China
Author: 0 Trump threatens to impose more trade tariffs on China

The August gold contract closed down US$1.50 at US$1,278.60 an ounce and the July natural gas contract ended down five cents at US$2.90 per mmBTU. This situation is no longer sustainable. "The trade relationship between the United States and China must be much more equitable", he said. President Trump said Tuesday that China's economic exploitation of the USA left him with "no choice" but to hit Beijing with tariffs , while the Chinese government warned that it will retaliate for Mr.

Money Trump doubles down on trade war with China by announcing new tariffs
Author: 0 Trump doubles down on trade war with China by announcing new tariffs

The president announced on Friday that the US would impose 25 percent tariffs on $ 50 billion in Chinese goods . In a statement, Mr Trump said he had asked the U.S. Trump has repeatedly called on China to end unfair trade practices and theft of US intellectual property. China had offered to ramp up purchases of American goods by only $70 billion to help cut the yawning trade imbalance with the U.S., whereas Trump had demanded a $200 billion deficit cut.

Author: 0 Donald Trump readies $200 billion in China tariffs, citing 'unacceptable' policies

Trump said Monday that China's response "indicates its determination to keep the United States at a permanent and unfair disadvantage". He did not say when the target list of Chinese goods would be unveiled. "Everyone knows ... China is the main perpetrator", he said. "This is predatory economics 101". A cut in Chinese purchases of U.S. oil may also benefit Iran's sales, which Washington is trying to curb with new sanctions it announced in May.

Money Audi CEO arrested in connection to the Volkswagen emissions scandal
Author: 0 Audi CEO arrested in connection to the Volkswagen emissions scandal

The prosecutors' office said that Stadler had been seen by a judge "who has ordered him to be remanded in custody". Confirming the development, a spokesperson said: "We confirm that Mr Stadler was arrested this morning". In 2015, it was discovered that when certain Volkswagen models undergo testing, a sophisticated software algorithm would kick in and full emissions controls would be turned on.

Money U.S. soybean prices tumble amid trade fight with Beijing
Author: 0 U.S. soybean prices tumble amid trade fight with Beijing

The U.S. tariffs are in addition to previously announced duties on imports of steel and aluminum from several countries, including China. "China is our real trade enemy, and their theft of intellectual property and their refusal to let our companies compete fairly threatens millions of future American jobs", Schumer said in a statement on Friday.

Money Tesla's Musk alleges 'extensive' employee sabotage
Author: 0 Tesla's Musk alleges 'extensive' employee sabotage

Musk wrote of his suspicions that another company may have been involved in the alleged sabotage, saying "there are a long list of organizations that want Tesla to die". Tesla can ill afford manufacturing setbacks now. Tesla has faced plenty of criticism about its ongoing troubles in ramping up Model 3 production.

Money Tesco improves deliveries for Booker customers
Author: 0 Tesco improves deliveries for Booker customers

The retail group's like-for-like sales growth improved to 1.8% and its UK & ROI to 3.5%. Tesco, forced to rebuild after a 2014 accounting scandal capped a dramatic downturn in trading, said a move to lower prices on fresh food brands towards the end of its first quarter reflected a growing confidence in its performance.

Money McDonald's to phase out plastic straws in United Kingdom and Ireland
Author: 0 McDonald's to phase out plastic straws in United Kingdom and Ireland

McDonald's says it will start using paper straws instead of plastic at all its locations across the United Kingdom and Ireland. The old plastic straws will be replaced with paper ones which can be recycled. In Malaysia, it will offer straws only on request. More than 60 music festivals, including Bestival, have also committed to eradicating plastic straws from all of their sites by 2021.

Money Anti-Trump texts 'cast a cloud' over email probe — Federal Bureau of Investigation report
Author: 0 Anti-Trump texts 'cast a cloud' over email probe — Federal Bureau of Investigation report

Inspector General Michael E. Horowitz said he was "deeply troubled" by these missives, including one text exchange in which a senior Federal Bureau of Investigation official asks: Trump's "not ever going to become president, right?" Comey, days before the election, announced he would revisit the probe after the discovery of new emails, a move that the Clinton camp has blamed for her loss.

Money European Central Bank to end stimulus programme later this year
Author: 0 European Central Bank to end stimulus programme later this year

The free trade agreement with Canada does not ensure sufficient protection for Italy's specialty foods, new Agriculture Minister Gian Marco Centinaio said in a newspaper interview. The bonds of the region's second most indebted country climbed for the third day as money-market pricing suggests investors don't expect a 10-basis point hike in the deposit rate until December 2019, compared with estimates for September 2019 immediately after the ECB's decision Thursday.

Money Some Chattanooga Airport flights canceled
Author: 0 Some Chattanooga Airport flights canceled

Yesterday evening, thousands of people were stranded at the Charlotte Douglas International Airport after a computer glitch shut down all flights in and out of Charlotte for over 12 hours. Disgruntled passengers at Charlotte's airport let American Airlines have it on social media late Thursday. "The issue has been resolved and we apologize to our customers for the inconvenience", the airlines told Newsweek .

Money China pledges to 'immediately' retalliate to Donald Trump's latest tariffs
Author: 0 China pledges to 'immediately' retalliate to Donald Trump's latest tariffs

Chinese media have mocked US President Donald Trump over plans to impose 25% tariffs on $50bn worth of Chinese goods , saying "wise men build bridges but fools build walls". The second wave of Chinese tariffs will come later in the year, targeting another 114 goods worth $16 billion, including chemicals, medical equipment, and energy products like coal, crude oil, and gasoline.

Money The SEC says Ethereum's cryptocurrency isn't a security
Author: 0 The SEC says Ethereum's cryptocurrency isn't a security

Clayton further classified initial coin offerings (ICOs ) as securities, but didn't mention SEC's stance on cryptocurrencies other than Bitcoin. Projects will often dance around their token's nomenclature to avoid self-branding as something that could be seen as a security, but Hinman conveyed that the SEC isn't fooled by the verbal footwork.

Money Gold Steady in Face of Rate Hikes
Author: 0 Gold Steady in Face of Rate Hikes

Interest rates are going up again as the economy gets hotter. So it's something that's something we're watching very carefully. Accordingly, one less individual saw three or fewer hikes. The Fed is suggesting six more hikes by 2020's end, while Fed Fund Futures are pricing in approximately three hikes over the same period. At nine years, the economic expansion is now the second-longest in history.

Money China imposes equal tariffs on US products
Author: 0 China imposes equal tariffs on US products

The initial list mostly targets Chinese goods that fall under the " Made in China 2025 " initiative, or other Chinese government-backed programs aimed at advancing Chinese industry. "We will immediately introduce tariff measures of the same scale and strength". China has published its own list of threatened tariffs on US$50 billion of U.S.

Money Disgraced Theranos founder Elizabeth Holmes indicted on criminal charges
Author: 0 Disgraced Theranos founder Elizabeth Holmes indicted on criminal charges

Holmes didn't admit or deny the SEC's claims in her settlement, while Balwani is fighting the agency's suit and has denied wrongdoing. It also alleges that the pair defrauded doctors and patients by making false claims about the effectiveness of Theranos's blood tests, including those for calcium, potassium, HIV and diabetes.

Money Kansas sheriff's deputy killed, another wounded in shooting near courthouse
Author: 0 Kansas sheriff's deputy killed, another wounded in shooting near courthouse

Officials identified the deputy that died in the shooting as Patrick Rohrer, 35. FOX4 knows that the Kansas City Convention Center was put on lockdown, and that was lifted at about 5:30 p.m. There is surveillance video of the scene, Blair added. Blair says the wounded have been taken to the University of Kansas Hospital. The Kansas Capitol Police tweeted their prayers.

Money Bitcoin’s 2017 price surge was caused by Tether manipulation
Author: 0 Bitcoin’s 2017 price surge was caused by Tether manipulation

The prices climbed faster on exchanges the dealt in Tether than on those that didn't. The exchange, which is registered in the Caribbean with offices in Asia, was subpoenaed by United States regulators shortly after articles about the concerns appeared in The New York Times and other publications.

Money Elon Musk’s Boring Company will build high-speed transit tunnels in Chicago
Author: 0 Elon Musk’s Boring Company will build high-speed transit tunnels in Chicago

We got a look at the future station at the beginning of a 17-mile system of twin underground tunnels carrying electric vehicles at speeds of up to 150 miles per hour. The proposed cost - which hasn't be confirmed by the mayor's office or by The Boring Company - is orders of magnitude cheaper than the cost usually associated with tunneling projects, setting aside the infrastructure needed inside to run Musk's "Express Loop" trains.

Money Minimum wage doesn't pay the rent anywhere
Author: 0 Minimum wage doesn't pay the rent anywhere

The three occupations with the greatest projected growth that pay a median wage higher than the housing wage are general operations managers, software developers and registered nurses. "The rents are far out of reach from what the average renter is earning". The housing wage for a one-bedroom apartment in Washington is $21.65.

Money Apple reported a decline in demand for iPhone
Author: 0 Apple reported a decline in demand for iPhone

But Forbes' interprets the iPhone X Plus schematic as a confirmation that the iPhone X Plus "will introduce triple rear camera". However, it can't be confirmed as the iPhone X also has a similar camera setup but the third lens in the center is actually the LED flash.

Money White House aide apologises over 'special place in hell' comment
Author: 0 White House aide apologises over 'special place in hell' comment

Trudeau had engaged in "bad-faith diplomacy", Navarro maintained. Speaking during a press conference following his meeting with North Korean leader Kim Jong-un in Singapore , Trump suggested Trudeau's remarks during the G7, in which he claimed that Canada "will not be pushed around" by the U.S., has soured the relationship between the pair.

Money Toyota pours $1 billion into ride-hailing firm Grab
Author: 0 Toyota pours $1 billion into ride-hailing firm Grab

Grab said it plans to work with its new investor "to create a more efficient transport network that will ease traffic congestion in Southeast Asia's megacities" and help its drivers increase their income. There has been speculation for several years about a potential IPO for Grab, but in April, CEO Anthony Tan told CNBC it was just one of "many options" for the company.

Money Dixons Carphone's huge data breach is the first big blunder post GDPR
Author: 0 Dixons Carphone's huge data breach is the first big blunder post GDPR

While the breach took place last July, Dixons Carphone only realised that it had occurred in the last week and the notification delay of nearly a year was not a case of the firm covering up the fact, allegedly. However, it was quick to add that 5.8 million of these cards had chip and PIN protection, and that the data stolen did not include pin codes, card verification values (CVV) or authentication data - making it more hard for the hackers to monetize the breached data.

Money AT&T wins court approval to buy Time Warner for $85B
Author: 0 AT&T wins court approval to buy Time Warner for $85B

An array of public interest and labor groups - many of them far from supporters of Trump - nevertheless supported the Justice Department's attempt to block the deal. The White House did not immediately respond to a request for comment. In a blunt statement after the ruling was issued, Time Warner pointed the finger at President Trump , implying that he influenced the DOJ's decision to bring the case.

Money Burger chains slam IHOP for name change to 'IHOb'
Author: 0 Burger chains slam IHOP for name change to 'IHOb'

The fast-food chain Wendy's has become notorious for its sassy social media presence in the previous year, with tweets targeting both McDonald's and Burger King. Since IHOP announced the name change (without saying to what) on Twitter last Monday, more than 30,000 people have participated in the speculation game.

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