Wednesday October 17-th, 2018

Elon Musk sued by the SEC for allegedly misleading investors with tweet

Tesla is also reportedly being investigated by the Department of Justice for the same comment. "Over the next three hours, Musk made a series of additional materially false and misleading statements via Twitter ", the SEC alleges . We reached out...

US Fed raises benchmark interest rate US Fed raises benchmark interest rate

But investors will nonetheless eagerly parse the central bank's announcement of the decision to get a glimpse of its line of thinking - and try to deduce how many more hikes are coming and when. Risks to the current run of economic growth, such as th...

Elon Musk sued over alleged fraud after 'funding secured' tweet

US securities regulators on Thursday accused Tesla Inc TSLA .O Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric vehicle company, saying he made a series of "false and misleading" tweets about pote...

Flaming Kites Cause Fires in Bordering Israeli Communities near Gaza Flaming Kites Cause Fires in Bordering Israeli Communities near Gaza

However, Palestinians in Gaza view the kites as a form of protest against Israel's almost 12-year blockade of Gaza , and for Palestinian refugees' right of return to their homes and lands which are now known as Israel. Beyond a crisis response ...

Saudi Arabia in short-term oil fix, fears extra United States supply next year

To counter the recent falling supply from Iran, OPEC and other oil producers are considering to raise the output of crude oil by 500,000 bpd. The US President has repeatedly blamed OPEC for high oil prices, to which the organization replied that ...

Tesla Direct Offers Free Delivery to Your Home or Office Tesla Direct Offers Free Delivery to Your Home or Office

Musk also puffed on a joint during a YouTube interview with comedian Joe Rogan, distressing some investors. According to Tesla, it still has over 400,000 reservations for Model 3s, though the number moves around as new ones come in and old ones are...

Citing strong economy, Fed raises rates for third time this year Citing strong economy, Fed raises rates for third time this year

It was its eighth hike since late 2015, and the Fed indicated that it expects to continue gradual increases. The Fed on Wednesday (US time) lifted its short-term rate - a benchmark for many consumer and business loans - by a quarter-point to a rang...

Trump claims he rejected Trudeau meeting over Nafta frustrations Trump claims he rejected Trudeau meeting over Nafta frustrations

The problem? The prime minister's officer said there was no meeting to reject, as it had never suggested one. "If we don't make a fair deal for the USA after decades of abuse, Canada will be out", Trump tweeted . Washington and Mexico City las...

Trump 'not happy' with Fed's interest rate hike

The third rate hike of the year would lift the fed funds rate by 25 basis points to a range of 2%-2.25%. The Fed's actions and its updated economic forecasts Wednesday had been widely anticipated, and there was little immediate reaction in the stoc...

Iran says Trump is why oil prices are now so high Iran says Trump is why oil prices are now so high

Front-month Brent crude futures LCOc1 were at $82.17 per barrel at 0133 GMT, up by 83 cents, or 1 percent from their last close, just off Tuesday's four-year highs. The so-called "Opec+" group, which includes Russia , Oman and Kazakhstan, met over t...

21st Century Fox agrees to sell 39% Sky stake to Comcast 21st Century Fox agrees to sell 39% Sky stake to Comcast

Comcast dropped out of that contest to focus on its acquisition of Sky. Comcast's offer of about £17.28 per share beat Fox's highest bid of £15.67 in a three-round bidding battle that began on Friday. 21st Century Fox said it was "considering opt...

Federal Reserve Raises Interest Rates For Third Time

However, while the median forecast for the target interest rate is unchanged, the range is spread widely with an equal number of central bankers expecting two, three or four increases in 2019. He speaks on "Bloomberg Daybreak: Australia". Donald Tr...

Nafta: Donald Trump says United States 'not getting along' with Canada Nafta: Donald Trump says United States 'not getting along' with Canada

Shortly after Trump's news conference, the Prime Minister's Office disputed the president's statement - insisting it did not request a meeting. Trump quashed any hopes of that in his press conference Wednesday and it appears Canada is unlikely to j...

The trade imbalance with China ‘cannot be tolerated — Trump to UN

China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on November 1, as the country braces for an escalating trade war with the United States. The move boosted imports o...

ACs, refrigerators, flying gets costlier as Centre hikes import duty ACs, refrigerators, flying gets costlier as Centre hikes import duty

The government has chose to increase customs duty on import of 19 items . The total value of imports of these items was Rs 86,000 crores, the ministry added. The other items include washing machines, speakers, radial vehicle tyres, jewellery ...

Federal Reserve raises interest rates, flags end of 'accommodative' policy

John Williams, a long-time central banker and the newly installed president of the New York Federal Reserve Bank, earlier this month said the United States was experiencing a "goldilocks economy", meaning the Fed only needed to raise rates graduall...

Canada's PM sees possibility to build on U.S.-Mexico NAFTA deal

Donald Trump insisted "a few times" that "if we renegotiate NAFTA. there will be no need to worry about these other things", Trudeau said. "If you can't have some curb on the arbitrary use of tariffs under the guise of national security, with a membe...

Google lifts cryptocurrency advertising ban for regulated exchanges Google lifts cryptocurrency advertising ban for regulated exchanges

Cryptocurrency exchanges in the United States and Japan will be allowed to advertise with Google again in October. Even though Google is updating its advertising policy to accommodate regulatory cryptocurrency exchanges it has asked advertisers t...

Dunkin Donuts dropping Dunkin Donuts dropping "Donuts" from its name

Doughnuts are still on the menu, but the company is renaming itself "Dunkin'" to reflect its increasing emphasis on coffee and other drinks. They're also giving away friendship bracelets to really solidify the first-name basis marketing campaign.

Oil slips as OPEC reportedly weighs increasing output Oil slips as OPEC reportedly weighs increasing output

Brent crude hit its highest since November 2014 at $80.94 per barrel, up $2.14 or 2.7 per cent, before easing to $80.62 by 11:05am EDT (15:05 GMT). The OPEC oil cartel raised its global production forecast this weekend based on higher-than-predic...

The entire United Nations just laughed in the middle of Trump's speech The entire United Nations just laughed in the middle of Trump's speech

Trump touted the administration's steps toward peace with North Korea and thanked member states for their assistance; part of getting North Korea to the table was an aggressive, global sanctions regime. President Donald Trump addresses the 73r...

Brent oil trades steady near four-year high while USA crude retreats Brent oil trades steady near four-year high while USA crude retreats

Brent rose on Tuesday to its highest since November 2014 at $82.55 per barrel. The updated report comes as U.S. President Donald Trump and Iranian President Hassan Rouhani exchanged taunts at the United Nations General Assembly on Tuesday.

Gemini seeks expansion into European cryptocurrency market Gemini seeks expansion into European cryptocurrency market

The Gemini Trust Company, founded in NY in 2014, is now ranked the 58th largest crypto exchange globally by adjusted daily traded volume, according to CoinMarketCap. More than 400 different crypto exchanges have sprung up around the world since t...

UK to favor skilled migration, no EU preference after Brexit UK to favor skilled migration, no EU preference after Brexit

It also explains European Union concerns that "embedded services", such as the financing of vehicle sales, represent much of the cost of many goods and that, under Chequers, Britain offers to match European Union standards only on the final product, ...

Canada refusing to make concessions on NAFTA

Chamber of Commerce at an event in New York City . As a result, the agreement would have to be finalized before October. U.S. Trade Representative Robert Lighthizer said there was "some distance" between the two sides on issues such as access to C...

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