Money

Elon Musk Says He Doesn't Respect SEC, Tweets Fall Under 'First Amendment'

Elon Musk Says He Doesn't Respect SEC, Tweets Fall Under 'First Amendment' But Musk said "it's not realistic" to expect Denholm to watch over his actions because he remains the electric vehicle company's largest shareholder. "Nobody's ideal." Musk says, giggling to himself. Musk also said he doesn't "really want to try to adhere to some CEO template". So essentially I could just pull for a shareholder vote and get anything that I want provided I could get support for... [Full Article...]

Will OPEC's decision to cut production affect consumers? l Inside Story

Will OPEC's decision to cut production affect consumers? l Inside Story The Organization of the Petroleum Exporting Countries was meeting in Vienna for a second day running, before discussions with its non-OPEC allies scheduled for 1400 GMT. Prices for western Canadian oil continued to strengthen on Friday as markets adjusted to a plan by the Alberta government to eliminate a glut of oil that has plagued producers for months. [Full Article...]

U.S. ‘suspects Huawei used global banking plot to evade Iran sanctions’

U.S. ‘suspects Huawei used global banking plot to evade Iran sanctions’ A Chinese foreign ministry spokesperson has demanded the USA and Canada justify the arrest, and referred to Wanzhou's detention as a human rights violation, a charge often leveled at Beijing. "Recently, our corporate CFO, Ms. Meng Wanzhou , was provisionally detained by the Canadian Authorities on behalf of the United States of America, which seeks the extradition of Ms. [Full Article...]

Huawei CFO arrested in Vancouver as US seeks extradition: Justice Department

Huawei CFO arrested in Vancouver as US seeks extradition: Justice Department Back in April of this year, multiple reports described how USA authorities were investigating the possibility that Huawei had sold telecommunications equipment to Iran in violation of trade sanctions. The news of the arrest broke today. News of the arrest came on the same day that BT announced it would be removing Huawei-manufactured equipment from its 3G and 4G mobile networks. [Full Article...]

Stocks climb after US-China trade truce; oil price surges

Stocks climb after US-China trade truce; oil price surges Pledging to crack down Fentanyl is considered a low-hanging fruit in the Trump-Xi meeting, as China has previously pledged to work with the United States to stop opioid imports. Uncertainty also surrounded the details of the broader trade war truce struck by the U.S. and China at the G20 summit. Trump tweeted that China has agreed to "reduce and remove" these, without elaborating on the time... [Full Article...]

USA and China 'will impose no new tariffs'

USA and China 'will impose no new tariffs' U.S. President Donald Trump , U.S. Secretary of State Mike Pompeo, U.S. President Donald Trump's national security adviser John Bolton and Chinese President Xi Jinping attend a working dinner after the G-20 leaders summit in Buenos Aires , Argentina, Dec. [Full Article...]

Qatar's exit puts question mark on OPEC's future

Qatar's exit puts question mark on OPEC's future Tensions have been mounting in the region in which Saudi Arabia imposed a boycott in June 2017 over claims that Doha supported terrorism , which Doha denied. Qatar plans to expand its role as the world's number one exporter of liquefied natural gas and boost production by more than 50 percent to 110 million tonnes a year. [Full Article...]

These are the final colorful socks worn by late President Bush

These are the final colorful socks worn by late President Bush Bush after critics ripped the post as unfairly negative and biased. It appears that Sully and Bush's connection was near instantaneous, with both the former president and the pup's social media accounts sharing pics of their time together. [Full Article...]

Economists, Wall Street split on rate hike signals

Economists, Wall Street split on rate hike signals Powell unnerved investors on October 3 when he said in an unscripted comment that Fed policy probably was "a long way from neutral" and might eventually have to turn restrictive. The dollar, which has outperformed bonds and the benchmark S&P 500 stock index this year amid rising interest rates and safe-haven flows triggered by global trade tensions, was modestly higher. [Full Article...]

Oil drops below $50 for first time in a year

Oil drops below $50 for first time in a year To this effect, Nigeria's Minister of State for Petroleum Resources, Dr Ibe Kachikwu, and Saudi Arabian minister of oil and energy, HE Khalid Al-Falih, met in Abuja on Wednesday to discuss how both countries would help to ensure price stability at the upcoming OPEC meeting in addition to seeking areas of collaboration between the two countries. [Full Article...]

Apple Stock Drops as Trump Discusses Potential iPhone Tariff

Apple Stock Drops as Trump Discusses Potential iPhone Tariff In an interview with The Wall Street Journal on Monday, Mr Trump repeated his threat to slap tariffs on all remaining imports from China, adding that "the only deal would be (that) China has to open up their country to competition from the US". [Full Article...]

General Motors slashes 14000 jobs, seven factories

General Motors slashes 14000 jobs, seven factories This story has been corrected to show that up to 14,000 workers could lose jobs, not 14,700. "We are right-sizing capacity for the realities of the marketplace", Chief Executive Mary Barra said, adding that the cuts were prompted by auto industry changes. [Full Article...]

GM to slash 14,700 jobs in North America

GM to slash 14,700 jobs in North America More than 16 months ago, the UAW confirmed that it was discussing with GM the potential threat to plants and jobs from slumping US sedan sales. The biggest USA autoworker union vowed to fight GM's plans. Liberal Leader John Fraser asked where Ford has been, how many meetings he has held with GM since becoming premier. Industry Minister Navdeep Bains says the government is looking at all option... [Full Article...]

Snow Storm Slams Midwest, Causes Thousands Of Flights To Be Canceled

Snow Storm Slams Midwest, Causes Thousands Of Flights To Be Canceled Monday. The forecast for central IL is for up to six inches of snow, with the heaviest snow north of Springfield. Another 44 flights were canceled out of Chicago Midway Airport . It was re-opened by Sunday afternoon. If you get stranded stay with your vehicle. Crews also are plowing on secondary routes in areas that saw heavier snow totals in Kane, McHenry, Lake, DuPage and northern Cook coun... [Full Article...]

Stocks rise on tech strength; oil bounces back from rout

Stocks rise on tech strength; oil bounces back from rout The S&P 500 and Dow Jones industrial average fell into the red for the year as fears grew that a long-running bull market is nearing an end. The S&P 500 index gained 20 points, or 0.8 per cent, to 2,663 as of 10 a.m. Strong reports from companies including Foot Locker helped retailers. NISSAN: Nissan said Chairman Carlos Ghosn, who engineered a turnaround at the automaker, was arrested and... [Full Article...]

Warm Thanksgiving across the Front Range; heavy snow for mountains

Warm Thanksgiving across the Front Range; heavy snow for mountains This year, with a current high of 26 degrees projected for Thursday, the city is potentially on track to beat that 117-year-old record. Accuweather says the Macy's Thanksgiving Day Parade will be buffeted by wind gusts up to 30 miles per hour with temperatures feeling 10 to 20 degrees below zero. [Full Article...]

Oil prices fall after Trump's remarks

Oil prices fall after Trump's remarks Futures for January delivery fell as much as 6.2% in NY. Oil's slide has been largely unimpeded since early October when WTI prices were near four-year peaks. USA crude oil inventories posted a drawdown of 1.545 million barrels in the week ending Friday, according to statistics released on Tuesday. Wednesday's gains came after a report by the American Petroleum Institute late on Tuesday that... [Full Article...]

Major Recall On Raw Turkey After Deadly Salmonella Outbreak

Major Recall On Raw Turkey After Deadly Salmonella Outbreak Jennie-O stressed in a statement emailed to NPR that its voluntary recall, announced Thursday, is limited to ground turkey from "one production line from a single day's production". You're asked to check your freezer and see if it matches any of the above dates. Instead, the USDA says consumers should throw it away or return it to the place of purchase. [Full Article...]

Here Are Amazon's Black Friday Deals For Sunday 18th November

Here Are Amazon's Black Friday Deals For Sunday 18th November Amazon has fired the starting gun on Black Friday, the USA tradition that has become a near-fortnight long £10bn shopping extravaganza in the UK. But here, you'll find Amazon's Deals of the Day that are only available until 11.59pm tonight, 18th November, along with everything new that's been added today. [Full Article...]

Republican Kevin McCarthy to become next House minority leader

Republican Kevin McCarthy to become next House minority leader Republican leader Kevin McCarthy is blaming billionaire Michael Bloomberg for reducing the number of Republican women in the House. While McCarthy provides an affable face for the GOP, Jordan, the former OH wrestling champ and a Fox News regular, will be fighting Democrats' investigations into Trump's businesses and administration. [Full Article...]


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