Economy

Elon Musk Considering Taking Tesla Private, Has Already Secured Funding

Former SEC chairman Harvey Pitt spoke up about the matter to CNBC , noting that Musk's tweet "might constitute fraud if any of the facts he disclosed are not...


Temperatures staying very high in red-hot Europe

Latest weather prediction models by WX Charts show Europe's temperatures are forecast to be hottest in Spain, France and Portugal, where highs of 48C are po...


Pompeo: Despite tensions, Turkey remains a key U.S. ally

The Turkish foreign ministry called on the USA to reverse its "wrong decision" on Thursday after Washington announced sanctions on Abdulhamit Gul, the minis...


China threatens new tariffs on US$60b worth of U.S. goods

US Treasury Secretary Steven Mnuchin called China's Vice-Premier Liu He last week in a bid to persuade Beijing to approve US chip maker Qualcomm's takeover deal...


What does interest rate rise mean for mortgages and savings?

The repo rate is the rate at which the central bank of the country lends funds to the commercial banks. But it also said inflation - now running at 2.4 pe...


Apple Becomes World’s First Trillion-Dollar Company

Along the way, it has changed how consumers connect with one another and how businesses conduct daily commerce. At press time Apple's stock cost $206.90 and...


United States sanctioning Turkish officials over detention of American pastor - White House

One proposed bill would restrict loans from global financial institutions to Turkey until Ankara stops the "arbitrary arrest and detention" of USA citizens and ...


Impact of U.S.-China trade tariffs on U.S. companies

You're not going to be too angry with Trump, I can tell you. Juchems, who says he didn't vote in the 2016 election, gives President Trump leeway to resolve ...


Apple beats earnings expectations with $53.3B in revenue, stock up 3%

In February, Apple said it expected revenue of between $51.5 billion and $53.5 billion for the quarter. The world's most valuable technology company also fo...


Tech Podcast: Zuckerberg's riches take a hit as Facebook stock plunges : Bulletin

So far, three class-action suits have been filed by shareholders claiming that Facebook made false and misleading statements to investors including lack of di...


US economy grew at a brisk 4.1 percent rate last quarter

He added, "And my great economists don't want me to say this but I think we can do better than that". President Donald Trump , who ahead of Friday's relea...


U.S. wants a fair trade deal, Trump tells European Union leaders

Trump has placed tariffs on imported steel and aluminum, saying they pose a threat to US national security, an argument that allies such as the European Union a...


US and EU agree to lower trade barriers | Money Talks

At a meeting at the White House with European Commission President Jean-Claude Juncker, US President Donald J. Trump reiterated his country's goal of beco...


China to pull approval for Facebook’s planned venture

According to Facebook's recent filing, the wholly-owned Chinese subsidiary's operations will include network information technology development and related serv...


A day after Facebook's rout, Twitter plunges on weak user numbers

The plunge mirrors Facebook's historic wipeout, which erased $119 billion of value from the social-media giant after it reported disappointing results. The ...


Facebook (FB) Stock Sinks as Revenue Misses Expectations

And for those hoping for a swift bounce back, the company told Wall Street the numbers won't get any better this year. On Wednesday the initial fallout from ...


We'll stay in Syria until Iran leaves, says Donald Trump

He also mocked Trump's behavior stating that the president's "language is still the ethics of nightclubs and gambling halls". An Iranian special forces comman...


It’s way too soon to declare Trump’s trade war over

The leaders are also working to resolve the steel and aluminum tariffs. Amid turbulent, transatlantic trade relations, sparked by U.S. tariffs on EU steel and...


Trump Tweets: ‘Tariffs Are the Greatest’

President Donald Trump declared Tuesday that "Tariffs are the greatest! " and threatened to impose additional penalties on US trading partners as he prepar...


Baldwin joins Johnson in writing Trump letter over tariffs

In a statement , he said the Trump administration was "offering welfare to farmers to solve a problem they themselves created" and suggested that the stimu...