Tesla is 'very close' to profitability, Musk says in staff email

In case you haven't been paying attention to the news, Tesla's sort of going through a rough patch at the moment: The electric auto manufacturer's founder, Elon Musk , now has the US Securities and Exchange Commission breathing down his neck, and ... More..

by | Published 21 days ago
General Electric boss exit and $23bn hit stun Wall Street
by | Monday, October 01, 2018

General Electric boss exit and $23bn hit stun Wall Street

That comes after the power business posted a $10-billion loss previous year. In its second-quarter earnings report , the company said profits in the unit had fallen 58% and the company expected the business ...More..

USA justice department sues California to over new net neutrality law
by | Monday, October 01, 2018

USA justice department sues California to over new net neutrality law

California's new law , however, goes farther than even the old FCC rules did in placing restrictions on internet service providers. The Obama administration had tried to force the same rules nationally, bu...More..

Fuel price hike: Petrol prices cross Rs 91 per liter in Mumbai
by | Monday, October 01, 2018

Fuel price hike: Petrol prices cross Rs 91 per liter in Mumbai

A litre of petrol in Mumbai costs Rs 91.08, up from Sunday's Rs 90.84 a litre. In Patna, the price of petrol is close to touching the psychological mark of ₹90 per litre, retailing at ₹89.87 on Monday. The pr...More..

Elon Musk surrender set to boost Tesla shares
by | Monday, October 01, 2018

Elon Musk surrender set to boost Tesla shares

Since then, Musk has agreed to pay out the $20 million fine. Musk, a co-founder of Tesla , is the company's largest stockholder, owning approximately 22 per cent of its outstanding shares. The SEC said the c...More..

Japanese Nikkei hits 27-year high as markets cheer Nafta deal
by | Monday, October 01, 2018

Japanese Nikkei hits 27-year high as markets cheer Nafta deal

Dairy access was a key US demand, made repeatedly by Trump, though the USA already exports about $500 million of milk products duty-free to Canada every year. Canada, the United States' No 2 trading partner, wa...More..

Fuel prices soar, petrol in city now at Rs 82
by | Monday, October 01, 2018

Fuel prices soar, petrol in city now at Rs 82

A litre of petrol and diesel was sold at Rs.83.22 and Rs.74.42, respectively in the national capital yesterday. As the meter calculating the amount is increasing, the display meter for litres poured is decreasi...More..

Ryanair forced to cancel another 250 flights as staff walk out again
by | Sunday, September 30, 2018

Ryanair forced to cancel another 250 flights as staff walk out again

Ryanair has struggled with staff strike action and flight cancellations since the summer of 2017, when a staff rostering mistake meant numerous flights were unable to operate, affecting some 400,000 passengers...More..

Why Bed Bath & Beyond Is Thursday’s Big Earnings Loser
by | Sunday, September 30, 2018

Why Bed Bath & Beyond Is Thursday’s Big Earnings Loser

Shares of Bed Bath & Beyond closed Wednesday at $18.81, with a consensus analyst price target of $17.82 and a 52-week range of $16.52 to $24.74. (BBBY)'scurrent distance from 20-Day Simple Moving Average...More..

VW to use Microsoft's Azure cloud to connect its vehicle fleet
by | Sunday, September 30, 2018

VW to use Microsoft's Azure cloud to connect its vehicle fleet

Volkswagen plans to use Microsoft Azure to build a cloud service for its fleet of vehicles. In the future, Volkswagen's fleet of cars will become mobile "internet of things" hubs linked by Microsoft Azure. Even...More..

Amazon opens new concept '4-star' retail store in New York
by | Sunday, September 30, 2018

Amazon opens new concept '4-star' retail store in New York

The company will have 49.1 per cent of online sales in the US this year, but just 4.9 per cent of all retail spending since most money is still spent in stores, according to EMarketer Inc. The store is loca...More..

Canada and U.S. make progress on NAFTA in last-ditch talks
by | Sunday, September 30, 2018

Canada and U.S. make progress on NAFTA in last-ditch talks

Nevertheless, Treasury Secretary Steven Mnuchin on Thursday said while he hopes the U.S. and Canada will reach a trade agreement, he's confident Congress will approve a Mexico-U.S. Wyden is from OR, a state tha...More..

UBS Ranks Toronto and Vancouver In Top 5 Global Real Estate Bubbles
by | Sunday, September 30, 2018

UBS Ranks Toronto and Vancouver In Top 5 Global Real Estate Bubbles

Hong Kong is first on the ranking, followed by Munich, Toronto and Vancouver. "Although many financial centres remain at risk of a housing bubble, we should not compare today's situation with pre-crisis co...More..

Updated BMW i3 gets greater range
by | Sunday, September 30, 2018

Updated BMW i3 gets greater range

BMW does not shy away from creating confusion and thus continued using the EV battery's capacity in ampere hours (Ah) in the name of the 2019 edition . BMW also offers the i3 with a range-extending gas engine...More..

Facebook: Up to 50m accounts hit by breach
by | Sunday, September 30, 2018

Facebook: Up to 50m accounts hit by breach

So far, Facebook says that it has patched the vulnerability and has contacted law enforcement. The social network said it will continue to investigate and update the public. On Facebook's "Security and...More..

by | Saturday, September 29, 2018

SurveyMonkey Climbs in Debut After Upsized $180 Million IPO

Founded in 1999, SurveyMonkey provides survey software products to measure feedback and the platform is used by about 3 million people daily. The survey provider previously sought the sale of 13.5 million...More..

Tariffs And Tourists And Trade Wars, Oh My!
by | Saturday, September 29, 2018

Tariffs And Tourists And Trade Wars, Oh My!

Chen Daoyin, a Shanghai-based political expert, said Trump's decision to rescue Chinese telecoms giant ZTE from collapse following USA sanctions "can be considered as the fruit of their personal friendship". el...More..

All the deals you should know about for National Coffee Day
by | Saturday, September 29, 2018

All the deals you should know about for National Coffee Day

Saturday, September 29th is National Coffee Day 2018 in the United States, and dozens of shops across the country are celebrating with deals and freebies all day long, and even throughout the weekend in some ca...More..

Jeff Bezos has just bagged a massive rocket engine deal
by | Saturday, September 29, 2018

Jeff Bezos has just bagged a massive rocket engine deal

Blue Origin , which has been developing the BE-4 since 2011, was up against engine maker Aerojet Rocketdyne , a company with more than 70 years of experience in propulsion, for the Vulcan engine contract. It s...More..

Rs 100/litre petrol may become reality this New Year
by | Saturday, September 29, 2018

Rs 100/litre petrol may become reality this New Year

A combination of a dip in rupee value against the United States dollar and rise in crude oil prices has led to a spike in fuel prices since mid-August. Ahead of the United States sanctions, kicking in from ...More..

Hong Kong stocks down at break
by | Saturday, September 29, 2018

Hong Kong stocks down at break

Federal Reserve. Banking giant HSBC on Thursday hiked its lending rate in Hong Kong for the first time in 12 years, a move that ends an age of cheap cash and could hit the city s famous red-hot property mar...More..

Swedish Advertising Watchdog Rules 'Distracted Boyfriend Meme' Sexist
by | Saturday, September 29, 2018

Swedish Advertising Watchdog Rules 'Distracted Boyfriend Meme' Sexist

The attractive girl represented Bahnhof , while the gawking boyfriend was the potential employee and his jealous girlfriend was "your current workplace". The country's ombudsman, Reklamombudsmannen , said tha...More..

McDonald's Announces Changes to Its Burger, Quarter Pounder and Big Mac
by | Saturday, September 29, 2018

McDonald's Announces Changes to Its Burger, Quarter Pounder and Big Mac

McDonald's is on a mission to eliminate artificial ingredients from its menu. "A little perspective of the scale these changes will have: on average, McDonald's United States of America uses more than 9.5 ...More..

Boeing wins US$9.2 billion contract for new Air force training jet
by | Saturday, September 29, 2018

Boeing wins US$9.2 billion contract for new Air force training jet

After searching for more than a decade, the U.S. Air Force finally chose a replacement for the aging Vietnam-era Bell UH-1N Huey and settled on the Boeing-Leonardo MH-139.The service initially wanted to refur...More..

Oil gains 1 percent ahead of shortfall in Iran supply
by | Friday, September 28, 2018

Oil gains 1 percent ahead of shortfall in Iran supply

Ben Luckock, who is the co-head of oil trading at fellow merchant Trafigura also said that crude oil prices could hike up to $90 per barrel by Christmas and $100 by the start of New Year as the markets tigh...More..

After SEC moves to oust Musk, Tesla shares fall 12 percent
by | Friday, September 28, 2018

After SEC moves to oust Musk, Tesla shares fall 12 percent

Tesla's stock fell 12% to $270 a share on Friday. Musk could face a lifetime ban from running a publicly traded company. However, with a potential upside of almost 14%, the stock's consensus target price stan...More..

President Trump Accuses China of 'Meddling' in Midterm Elections
by | Friday, September 28, 2018

President Trump Accuses China of 'Meddling' in Midterm Elections

China denies the claim. Trump made the claim at the U.N. Wednesday but didn't offer any specifics. He said he can't disclose the evidence, but that it will come out, adding that his allegation did not com...More..

Hacker Will Live Stream Attempt to Delete Zuckerberg's Facebook Page
by | Friday, September 28, 2018

Hacker Will Live Stream Attempt to Delete Zuckerberg's Facebook Page

As for hacking into Mark Zuckerberg's Facebook account, this won't be the first time someone would do it, should Chang Chi-yuan actually be able to do it. He's gone on talk shows to discuss his exploits, made i...More..

Facebook says attack exposed info of 50 million users
by | Friday, September 28, 2018

Facebook says attack exposed info of 50 million users

Facebook says it has taken steps to fix the security problem and alerted law enforcement. Facebook has reset the access tokens of the 50 million affected accounts, it said. Facebook shares fell 3 percent to...More..

Briefing: Google's privacy chief confirms existence of Chinese search engine
by | Friday, September 28, 2018

Briefing: Google's privacy chief confirms existence of Chinese search engine

The US internet giant had entered China in 2000 by launching a Chinese-language version of its search engine. Mr Poulson's letter details several aspects of Google's work that had been reported in the pre...More..