• Tesla's Musk defends comments made during conference call
Tesla's Musk defends comments made during conference call

Sacconaghi said the response he got from Musk could be a worrying sign. "That's our focus right now". Tesla's stock dropped more than 5% on Thursday after Musk, speaking after the electric vehicle maker reported stronger revenue than expected, dismissed two questions about Model 3 orders and reduced spending plans .

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  • Unemployment rate falls in April
Unemployment rate falls in April

Employers added about 164,000 jobs in April, up from last month's revised number of 135,000 jobs. February's increase was trimmed to 324,000 from 326,000. Strong job growth in April shows that economic confidence remains high in the wake of historic, pro-growth tax reform. Since then, though, it's only 2 percent.

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  • Amber Rudd leaves government
Amber Rudd leaves government

Speaking in a Westminster Hall debate he said: "This not about illegal immigration ". A Labour spokeswoman said: "If the architect of this cruel farce, the prime minister, is ordering her MPs to vote to keep her role in this mess hidden from the public, it exposes the Tories' crocodile tears on the Windrush scandal as a sham".

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  • US Dollar Drops as FOMC Turns Hawkish on Inflation, Dovish on Growth
US Dollar Drops as FOMC Turns Hawkish on Inflation, Dovish on Growth

In Wednesday's statement , Fed officials said that inflation had "moved close" to the central bank's annual 2 percent target . Where the US Dollar could head from here is a tough question to answer, especially when you consider how stunned most investors were by the unexpected turnaround in Dollar momentum over the past couple of weeks.

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  • Twitter users urged to change passwords after bug stored passwords unmasked
Twitter users urged to change passwords after bug stored passwords unmasked

Agarwal says that they have investigated and fixed the bug and so far have found no signs of misuse or breach of user data. In order to account security , it is recommended to change the password to log in to Twitter as well as on all services that use the same.

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  • Flipkart goes private in Singapore ahead of Walmart deal
Flipkart goes private in Singapore ahead of Walmart deal

The Walmart-Flipkart deal has ruffled a lot of feathers but despite the turn out, the company's biggest investor, SoftBank, will be leaving the foray. His co-founder, Binny Bansal (no relation) would stay on-according to this report, Walmart only wants one of the co-founders to hang around. Emails sent to Flipkart and Walmart did not elic...

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  • Scottish alcohol minimum unit price takes effect
Scottish alcohol minimum unit price takes effect

Scottish First Minister Nicola Sturgeon described the legislation as "bold and brave" action. "Our action is bold and it is fearless, and shows once again that we are leading the way in introducing innovative solutions to public health challenges".

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  • Snap shares sink as Snapchat redesign weighs on results
Snap shares sink as Snapchat redesign weighs on results

The company's revenue for the last three months of 231 million dollars (£170m) was also down 19% on the previous quarter's 286 million (£210m), which the social media platform partially put down to its controversial redesign. "As we have mentioned on our past two earnings calls, a change this big to existing behavior comes with some disruption", Sp...

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  • Lonmin Plc (LON:LMI) Weekly Ratings as of May 1, 2018
Lonmin Plc (LON:LMI) Weekly Ratings as of May 1, 2018

The rating was maintained by Barclays Capital on Monday, March 19 with "Overweight". On Thursday, April 12 the company was maintained by Peel Hunt. The rating was downgraded by Citigroup on Thursday, October 29 to "Neutral". (LON:PLUS) has "Buy" rating given on Wednesday, February 14 by Liberum Capital. Stifel Nicolaus maintained Clinigen Group Plc...

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  • Barnier bids to quell Border fears as Foster goes missing
Barnier bids to quell Border fears as Foster goes missing

Taoiseach Leo Varadkar visited New-Bridge Integrated College in Loughbrickland, The Jethro community centre in Lurgan and Warrenpoint Harbour, as part of a programme which he said aimed to engage ordinary Northern Ireland people on Brexit.

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  • Turnbull Government pledges $500 for Great Barrier Reef restoration
Turnbull Government pledges $500 for Great Barrier Reef restoration

In a statement issued in advance of Sunday's announcement, the prime minister Malcolm Turnbull said the new funding was an investment in the health of the reef and the tourism jobs dependent on it. The funding will be used to improve water quality, control major predators and expand reef restoration, as well as help farmers near the reef modify t...

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  • This Airline Wants To Pay You & A Mate To Travel The World
This Airline Wants To Pay You & A Mate To Travel The World

From June 1 to August 15, two winners will be relocated to the airline's home in Reykjavik where they will be given a "trendy" downtown apartment, a auto and a monthly salary to cover costs. The video needs to be shorter than 2 minutes. The Icelandic airline posted the job earlier this week and will accept applications until May 14, with the vi...

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  • Suspected Golden State Killer's ex-fiancee revealed as travel blogger
Suspected Golden State Killer's ex-fiancee revealed as travel blogger

He'd said earlier, though, that McNamara "didn't care about getting any shine on herself". The Golden State Killer is someone who authorities believe could be responsible for 12 murders and 45 rapes in California between 1976 and 1986. The suspect is 72-year-old Joseph James DeAngelo , a former police officer, who was arrested this morning on...

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  • Amazon boosted by AWS, ups Prime price
Amazon boosted by AWS, ups Prime price

Brian Olsavsky, Amazon's chief financial officer, said on the earnings call that video content spend will increase year on year. The membership price will increase from $99 to $119 per year. Amazon Web Services continued expanding its infrastructure, launching two availability zones and one local region in Osaka, Japan during the first quar...

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  • ECB's Draghi talks the latest on rates and bond-buying
ECB's Draghi talks the latest on rates and bond-buying

While 2018 growth forecasts were unchanged at 2.3%, most economists polled said the trade dispute between the United States and China would also damage the euro zone economy. Earlier on Thursday, the European Central Bank left its interest rates unchanged, meaning the short-term interest benchmark remains at zero and the deposit rate at minus 0.4...

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  • Ford cuts auto offerings down to Mustang, Focus Active crossover
Ford cuts auto offerings down to Mustang, Focus Active crossover

The statement put the Fusion family vehicle, Fiesta subcompact, Taurus sedan and C-Max hybrid on death watch in Ford's biggest and most profitable market. Speaking to reporters on Wednesday as the company reported first-quarter results, Chief Financial Officer Bob Shanks said "we have looked at every single part of the business".

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  • Stocks Down 425 As Tech Takes Hit; High 10-Year Treasury Yields
Stocks Down 425 As Tech Takes Hit; High 10-Year Treasury Yields

So far, 31 percent of S&P 500 companies have reported earnings , 81.2 percent of which came in above consensus estimates. Bond yields rose again, sending the yield on the 10-year Treasury note up to 3.02 percent, its highest level since early 2014.

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  • Strong 1st quarter from Comcast, and a $30B bid for Sky
Strong 1st quarter from Comcast, and a $30B bid for Sky

Sky's shares rose 3 per cent to 13.40 pounds at 11.03 a.m.in London, a 7 per cent premium to Comcast's offer. Comcast , which owns TV networks such as E! and NBC, as well as Universal Pictures, first announced plans to make a bid in February .

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  • WhatsApp to Up User Age Limit in EU After Pressure
WhatsApp to Up User Age Limit in EU After Pressure

The GDPR replaces the Data Protection Directive 95/46/EC and aims to reshape the way organisations across the Europe approach data privacy. The question, of course, is how WhatsApp might possibly enforce its rule, given that it doesn't collect much data on its users, and age and verifiable identity certainly aren't part of that stash.

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  • Trump says Mnuchin to travel to China for trade talks
Trump says Mnuchin to travel to China for trade talks

Trump's remarks came after Mnuchin said on Saturday that he was considering a trip to China but was "not going to make any comment on timing, nor do I have anything confirmed". China's debt-to-GDP, over the past few years, has hiked to more than 300 percent from 160 percent a decade ago, causing a lot of people, including the Chinese officials, to ...

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  • US Treasury extends wind-down period for aluminum producer Rusal
US Treasury extends wind-down period for aluminum producer Rusal

The selloff in aluminium after the Treasury announcement spread through other commodity markets on optimism the U.S. is not likely to impose further sanctions on Russia's metals and energy companies. The company owns mines, refineries and smelters not only in Russian Federation, but also all over the world, for example in Ireland and Jamaica. Giv...

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  • Woman sucked out of plane: Hundreds of emergency jet engine inspections ordered
Woman sucked out of plane: Hundreds of emergency jet engine inspections ordered

The death marked first passenger fatality for the Dallas-based airline in its 47-year history. The maker of a jet engine that ruptured during a recent Southwest Airlines flight, leaving one passenger dead, called Friday for rapid inspections of all of its engines powering Boeing 737 aircraft.

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  • Younkers stores in Midland, Bay County to close by end of summer
Younkers stores in Midland, Bay County to close by end of summer

Wednesday, a bankruptcy court approved Bon-Ton's sale of all assets and a plan to wind down company operations. The move impacts several local employees, who learned of the closure on Tuesday. All Bon-Ton credit cards will no longer be accepted as a form of payment in-store and online, and all accounts will be closed as of June 26. The company ...

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  • Oman Crude oil price breaches $70 mark
Oman Crude oil price breaches $70 mark

Benchmark 10-year notes last fell 17/32 in price to yield 2.9284%, its highest since February 21. Crude oil prices rose to their highest level since late 2014 after government data showed USA crude oil inventories fell last week, and as the market continued to worry about supply disruptions in major fossil fuel-producing nations.

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  • Amazon Prime Reaches 100M Milestone
Amazon Prime Reaches 100M Milestone

Amazon had not previously revealed the number of Prime members. Prime members shop more frequently than other shoppers, and are key to Amazon's profits. Analysts see Bezos' admission on subscriber numbers as proof that Amazon has been able to sell Prime overseas and replicate the success seen in the USA with Prime .

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