Business

SEC wrong to sue Elon Musk for fraud: Lawyer

The SEC launched its probe in part to ascertain if Musk tweeted about taking the company private in order to hurt investors with short positions in the company'...


Fed raises rates for 3rd time this year with another expected

Fed Chairman Jerome Powell has so far been circumspect in reflecting on Trump's trade war. The Fed also dropped the word "accommodative" from the policy stat...


Iran says Trump is why oil prices are now so high

Brent hit US$82.55 per barrel, its highest since Nov 10, 2014. U.S. West Texas Intermediate (WTI) crude futures lost 71 cents to settle at $71.57 a barrel. " ...


OPEC Members Insist Market Supply is Healthy, Take Jabs at Trump

With prices recently hovering around $80 a barrel for Brent crude , Trump has used Twitter and other means to lean on OPEC to increase oil supplies. Wh...


Instagram Cofounders Systrom, Krieger To Exit 09/26/2018

Systrom did not say why he and Krieger are leaving Facebook, which is facing one of the most turbulent times in its history. Specifically, Instagram's former ...


United States crude falls 32 cents after Trump's latest Twitter warning to OPEC

Saudi Arabia is anxious that any sanctions-related spike in oil prices will trigger fresh criticism from Trump, but it also faces doubts over its ability to ...


Porsche to stop making diesel cars

We as a sports vehicle manufacturer, however, for whom diesel has always played a secondary role, have come to the conclusion that we would like our future to...


Jet Airways flight loses cabin pressure, passengers suffer bleeding

The National Aviator's Guild (NAG) on Friday said it is "open" to discuss the incident of cabin pressure loss on Jet Airways' Mumbai-Jaipur flight on Thursday...


Merger of Dena Bank, Vijaya Bank and Bank of Baroda announced

This will create the country's third-largest bank, and capital support will be provided to the merged entity by the government. "However, the merger of Vijaya B...


Coca-Cola is considering marijuana-infused drinks

Beer giant Molson Coors announced August 1 it was teaming up with Canadian medical marijuana grower The Hydropothecary Corporation to develop cannabis-infus...


U.S. likely has taken over as the worlds top oil producer

The US has surpassed Saudi Arabia and Russian Federation to become the world's largest crude oil producer this year. Similarly, Brent crude oil dropped ...


Canadian Cannabis Users, Workers Could Face Lifetime US Ban

Customs and Border Protection agency, told Politico in comments published Thursday. Owen told online news outlet Politico that the us will continue to e...


Trump tweets Obama quote that never happened about economic performance

Economists generally acknowledge that growth has accelerated this year compared with 2016 and 2017, and a lot of them partly credit last year's tax cuts for fue...


Julie Chen Absent From 'The Talk' to Be with Les Moonves

CBS also announced that Moonves has agreed to donate $20 million to #MeToo organizations promoting equality in the workplace. "The donation, which will be ...


Trump ups ante on China, threatens duties on nearly all its imports

But he told reporters travelling with him to Fargo, North Dakota that "behind that, there's another US$267 billion ready to go on short notice if I want". Com...


Ayanna Pressley wins Democratic primary- will become first Black congresswoman in MA

On Tuesday night, Pressley said that the conditions that made the 7th District - the state's only majority nonwhite district, which runs from Milton through...


Amazon becomes second U.S. company to reach $1 trillion market value

Shares of Amazon's stock rose 1.9 percent Tuesday morning to $2,050.50 - 23 cents above the amount needed to bump Amazon over the $1 trillion line. The milest...


Elon Musk doubles down on ‘pedo’ claims against United Kingdom cave diver

Ironically, the letter surfaced after Musk himself wondered why Unsworth hadn't sued him, while discussing a separate story on Twitter. Unsworth called the su...


Donald Trump announces new trade deal with Mexico

Congress by Friday of President Donald Trump's intent to sign the bilateral document, but that it was open to Canada joining the pact. Mexican President E...


Uncertainty Abounds as USA and Mexico Announce Trade Deal

President Donald Trump . Instead, senior United States officials told reporters the agreement had been extended for 16 years but would be reviewed every six ...