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Finance

About this on their pages, writes the news Agency AP, reports to our website. Tesla has already been forced to build a production line in a tent at its California factory to expand Model 3 production. Tesla showed earnings of $311.5 million during the three months ending in September, swinging from a loss of $619 million at the same time a year ago.
  • Tesla’s Newest, Cheapest Model 3 Sedan Is Coming

    Tesla’s Newest, Cheapest Model 3 Sedan Is Coming

    Finance

    The base price will be $US45,000; it will cost about $US35,000 in California after federal and state tax rebates. Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website , launching the auto as US tax breaks for Tesla cars are about to decrease.
  • Pompeo Arrives In Turkey After Discussing Khashoggi Disappearance With Saudis

    Pompeo Arrives In Turkey After Discussing Khashoggi Disappearance With Saudis

    Finance

    Mr al-Otaibi, reportedly left Turkey on Tuesday after it was announced the property would be searched in connection with the journalist's disappearance . U.S. Secretary of State Mike Pompeo , dispatched by Trump to the region, said the U.S. takes Khashoggi's disappearance seriously. "They're going to do an investigation, and when the investigation comes out we'll evaluate it", Pompeo told reporters travelling with him.
  • US Secretary of State Mike Pompeo to visit Turkey Turkey 10:06

    US Secretary of State Mike Pompeo to visit Turkey Turkey 10:06

    Finance

    Mr Erdogan has previously suggested parts of the consulate had been repainted since the disappearance of the journalist, who was a critic of the Saudi regime. The US's defence of its most important Arab ally may become harder to maintain as further damning details into Khashoggi's alleged murder emerge and its links to the powerful crown prince.
  • WTI crude futures rebound after heavy losses

    WTI crude futures rebound after heavy losses

    Finance

    Speaking on the sidelines of an event by Columbia University on Friday, Nephew expected that Iranian crude oil exports would be as much as 1.3 million barrels per day as of November 4. Members of the Organization of the Petroleum Exporting Countries (OPEC) and other exporters such as Russian Federation agreed in June to raise output as the market appeared increasingly tight.
  • Sears bankruptcy: What does it mean for shoppers?

    Sears bankruptcy: What does it mean for shoppers?

    Finance

    That is in addition to the 46 stores planned to close already. Lampert had pledged to restore Sears to its glory days, when it owned the tallest building in the world and companies that included a radio station and Allstate insurance.
  • James Murdoch favoured as new Tesla chairman to replace Elon Musk

    James Murdoch favoured as new Tesla chairman to replace Elon Musk

    Finance

    Musk has approximately 45 days to step down as chairman of Tesla's board under the rules of the SEC settlement and must not take the position back for at least three years. Mr. Musk was stating this in response to a post as to why he was being impersonated by Twitter bots, to promote cryptocurrency. In a vote of confidence for Musk, shareholder T.
  • Saudi Arabia Threatens 'Greater Action' If Riyadh Is Punished Over Writer's Disappearance

    Saudi Arabia Threatens 'Greater Action' If Riyadh Is Punished Over Writer's Disappearance

    Finance

    Speaking a day after he was last seen, Mohammed, the crown prince, said in an interview with Bloomberg that Turkish authorities were welcome to search inside the consulate building. President Donald Trump has repeatedly blamed OPEC kingpin Saudi Arabia for rising gasoline costs, as prices continue to head in the wrong direction for American consumers with midterms coming up in less than four weeks' time.
  • Facebook reveals details of September data breach affecting 29M users

    Facebook reveals details of September data breach affecting 29M users

    Finance

    Of that number, 15 million users had their name and contact info (phone number and/or email) compromised while another 14 million lost that and their gender, Facebook username, location, language, relationship status, hometown, religion, current area of residence, birthdate, devices used to access Facebook, work, education, and more.
  • President Trump calls Fed

    President Trump calls Fed "crazy"

    Finance

    But he downplayed the first major drop in months, saying, "it's a correction that we've been waiting for a long time". The Nasdaq Composite index and the Dow Jones dropped more than 4% and 800 points respectively. In a brief interaction with reporters and later in comments to Fox News , Trump said the U.S. central bank was "too aggressive" in raising interest rates.
  • Turkey frees detained USA pastor in move likely to please Trump

    Turkey frees detained USA pastor in move likely to please Trump

    Finance

    North Carolina Pastor Andrew Brunson is expected to be released from detention in Turkey and returned to the US after a secret deal has been worked out, according to senior Trump administration officials, NBC News reported Thursday . But Brunson maintained his innocence, telling the court, "I love Jesus". The White House is not elaborating on any deal, but the president suggested Friday that US efforts were ongoing and confirmed that Brunson will be coming home.
  • Top US officials talk to bin Salman on Khashoggi

    Top US officials talk to bin Salman on Khashoggi

    Finance

    After the consulate, we were going to buy appliances for our new home and set a date. Frankly, because it's a reporter , you could say in many respects, it brings it to a level. The Saudi government has denied the claim , but without producing any proof to back up Crown Prince Mohammed bin Salman's assertion Khashoggi left the building.
  • US unemployment falls to 3.7 percent - lowest since 1969

    US unemployment falls to 3.7 percent - lowest since 1969

    Finance

    BLS revisions added 87,000 more jobs for July and August. Economists had estimated 185,000 new jobs were created last month, according to a Bloomberg survey . The dollar was trading lower against a basket of currencies while US Treasury yields were higher. Average hourly earnings rose 8 cents to $27.24, lowering the annual gain to 2.8 percent from a nine-year high of 2.9 percent in August.
  • Why Arun Jaitley's fuel price cut is bad economics

    Why Arun Jaitley's fuel price cut is bad economics

    Finance

    However, fuel will cost Rs 5 per litre lesser with immediate in six states - Uttar Pradesh , Gujarat, Maharashtra, Chhattisgarh, Tripura and Assam - where state governments have further cut Value-Added Tax by Rs 2.50 per litre. He said the Kerala government wants the Centre to remove taxes on petrol and diesel that were imposed when the BJP-led government imposed in 2014 after coming to power.
  • Amazon Makes a Big Move on Minimum Wage

    Amazon Makes a Big Move on Minimum Wage

    Finance

    Sanders did commit to working with Amazon CEO Jeff Bezos in his fight to raise the federal minimum wage. If you work for Amazon, there's a good chance you're waking up to some surprising and welcome news this morning. It could well be, and I think it will be, the shot heard around the world. Some companies have responded to the public pressure. "This will lead to a general increase in minimal wages in all industries", he said.
  • Elon Musk's 420 Tweet Costs Him and Tesla $20 Million Each

    Elon Musk's 420 Tweet Costs Him and Tesla $20 Million Each

    Finance

    In an internal email obtained by Bloomberg , company chief Elon Musk is asking around 100 to 200 employees thinking of buying a Tesla to join an internal testing program for the automaker's full-fledged autonomous system. Tesla stock ( NASDAQ:TSLA ) is exhibiting a strong recovery on Monday, trading up 15.40% at $305.54 per share during the opening bell. The company has recently been struggling to meet audacious production goals for its Model 3 sedan.
  • Carmakers relieved as US reaches trade deal with Canada

    Carmakers relieved as US reaches trade deal with Canada

    Finance

    Dairy Farmers of Canada says the new deal will grant greater market access to the domestic dairy market and eliminate competitive dairy classes. "Today, I have kept that promise". "NAFTA is dead. We have USMCA". Automakers looking to avoid duties on vehicles imports will need to use a higher percentage of North American auto parts and pay workers more, a provision created to make USA labor more competitive.
  • Tesla stock roars back after Elon's SEC deal

    Tesla stock roars back after Elon's SEC deal

    Finance

    Musk and Tesla will each pay $20 million under the settlement , the SEC said in a statement Saturday . The tweets had no basis in fact, and the ensuring market chaos hurt investors, the SEC said. Tesla shares sank last week after the SEC accused Mr Musk of securities fraud, opening up the prospect of a long-drawn out fight that could have seen Tesla lose its leader, undermine its ability to raise capital and cripple operations.