Economy

Chinese Media Denounces Trump Trade Moves as Beijing Touts Sincerity

The president said if China chooses to retaliate (as it has with past actions), he'll follow up with tariffs on yet another $200 billion of Chinese goods. F...


Federal Bureau of Investigation head proves Washington has a vendetta against Trump

The report released Thursday calls former FBI Director James Comey "insubordinate" and says his actions were "extraordinary". Bernie Sanders was an "an idio...


Chicago taps Musk's firm to build high-speed tunnel to O'Hare

And the project would-use the long mothballed CTA "superstation" under Block 37 as a terminal, with the end point located near the CTA's Blue Line terminus ...


Comcast offers $65 bn for Fox assets, topping Disney offer

Via The New York Times , Comcast's all-cash bid signals the cable giant's seriousness about outgunning The Walt Disney Company for exclusive rights to Fox-...


Trump slams Trudeau, says U.S. won’t endorse G7 communique

Trudeau, who had said at the news conference that Canada would retaliate for new USA tariffs, didn't respond to questions about Trump when the prime mini...


Tesla Autopilot: Elon Musk promises 'full self-driving features' by August

Elon Musk , Chief Executive Officer and Co-founder of Tesla , has disclosed that the latest version of Autopilot will begin rolling out in August, which will...


Tesla lays off thousands of workers in corporate restructuring

Year-to-date, Tesla's headcount is up roughly 15%. The move coincided with a significant jump in Tesla's stock price following a report from Keybanc Capit...


Buffett Says Health Venture CEO Pick to Be Disclosed in Weeks

The two men noted that companies often hesitate to spend on technology, hiring, and research and development in order to meet quarterly earnings guidance that c...


Tesla (TSLA) rallies ~10% on Elon Musk’s confidence as the shorts scramble

After describing the past few months as among the most "hellish" in his life, Musk said he expected Tesla to post a quarterly profit during the July-Septe...


Merkel's plans for the European Union: joint military force, common migrant asylum standards

Merkel said. Germany's Angela Merkel has offered her most detailed response to French President Emmanuel Macron's ideas for reforming Europe, seeking to a...


China's Commerce Ministry: China will reserve rights to release countermeasures

The Trump administration's move comes ahead of US Secretary of Commerce Wilbur Ross' planned visit to Beijing on Saturday, during which the US and China will ...


European stocks close higher as Italian, Spanish indexes jump on political developments

The 5-Star Movement and far-right League have dropped plans to take power and have switched to campaign mode. The heavily-indebted nation found buyers for alm...


Singapore Airlines to launch world's longest commercial flight in October

The aircraft commissioned for this journey is the Airbus A350-900ULR (ultra-long range), configured with 67 business and 94 premium economy seats. Currently, ...


Trump to remove tariff exemption from EU, Canada, Mexico

President Trump is imposing steel and aluminum tariffs on Canada , Mexico , and the European Union . "Today is a bad day for world trade", she said. Sen...


Amazon to block Australians from its United States website

From 1 July, when Australia's new GST regulations kick in, Australian consumers shopping on Amazon global sites will be redirected to the local Australian site....


ShoppingTown Sears employees say store will close in September

Liquidation sales are set to begin in June. Heading into Thursday's announcement, Kmart and Sears had 30 stores in MA. Sears has been closing stores on Long...


'New possibilities' have emerged to form Italian government, says PM-designate

But if parliament fails to approve his government, a new election would be held "after August" - the most likely outcome given only the centre-left Democratic p...


One paisa petrol price cut: Is there no solution?

On Wednesday, oil prices dropped to about $75 a barrel after Saudi Arabia and Russian Federation announced their decision to relax restrictions on supply that...


Teslas ‘crash with Autopilot engaged’ in California and Greece

Cota told the LA Times the "police vehicle is totalled". The crash comes as Tesla has been facing scrutiny involving Autopilot. According to Cota, a Te...


Unexpected airport arrival: Dog gives birth at Tampa International

Emily Nipps, A spokeswoman for the airport, said: "I've never seen anything like this in an airport, or otherwise". And even though they missed their flight, ...