Money

Elon Musk wanted to hire Facebook's Sheryl Sandberg to be Tesla COO

Elon Musk wanted to hire Facebook's Sheryl Sandberg to be Tesla COO In an hour-long interview with The New York Times , he choked up multiple times , noting that he almost missed his brother's wedding this summer and spent his birthday holed up in Tesla's offices as the company raced to meet elusive production targets on a crucial new model. [Full Article...]

Nvidia Reports Huge Decline In GPU Sales for Cryptocurrency Mining

Nvidia Reports Huge Decline In GPU Sales for Cryptocurrency Mining Total revenue rose 40 percent to $3.12 billion. OEM, on the other hand, decreased 54 percent year-over-year to $116 million due to lower cryptocurrency mining demand. Turing, as it's called , will also make its way into gamer and data centre chips. Nvidia CEO Jen-Hsun Huang said in March that the company needed to ramp up its production to ensure that both miners and gamers had sufficient gr... [Full Article...]

Trump asks SEC to consider changing filing rules from quarterly to biannually

Trump asks SEC to consider changing filing rules from quarterly to biannually Businesses have long complained that the reports require company executives to focus too much on the short term. Trump said he directed the SEC to look into a change in its requirements. But Congress could effectively overrule any SEC decision by passing a law requiring quarterly reporting, although lawmakers may be reluctant to do so. [Full Article...]

SEC Subpoenas Tesla About CEO's Buyout Plans

SEC Subpoenas Tesla About CEO's Buyout Plans The Wall Street Journal reported last Wednesday that the SEC had made an inquiry into Tesla about whether one of Musk's tweets regarding the possibility of taking the company private was truthful. Bankers familiar with the PIF said on Tuesday they had seen no sign yet of it preparing to commit to a Tesla deal. Now, some may be wondering what the big deal is. [Full Article...]

Tesla shares down 8 percent after Musk's freakish interview

Tesla shares down 8 percent after Musk's freakish interview Getting access to cheap capital is a constant challenge for automakers, which can spend $1 billion or more engineering a single new model and bringing it to mass production, only to have the vehicle flop because of a cyclical sales slump or a shift in market tastes. [Full Article...]

Trump attacks Turkey, vows to pay "nothing" for United States pastor's release

Trump attacks Turkey, vows to pay In remarks at Thursday's Cabinet meeting, Trump voiced his disappointment with Turkey in personal terms, saying the country has "not proven to be a good friend". Since the USA has large numbers of troops positioned in Qatar and Turkey, it's not clear they could afford to alienate both by escalating the diplomatic conflict too far. [Full Article...]

Turkey, France to act against USA sanctions

Turkey, France to act against USA sanctions According to the Middle East Eye , officials in Ankara are willing to concede to United States demands for the freedom of Andrew Brunson, an evangelical preacher accused of playing a role in the attempted coup there in 2016. Moody's stripped Turkey of its investment-grade rating in 2016 and Friday's move lowered it one rung further. An American pastor imprisoned in Turkey will not be allowed ... [Full Article...]

Google's Staff Are Protesting Its 'Secret' Censored Search Engine For China

Google's Staff Are Protesting Its 'Secret' Censored Search Engine For China Disclosure of the secretive effort, which is codenamed Dragonfly , has disturbed some Google employees and human rights advocacy organizations. Google's plan to launch a censored search engine in China requires more "transparency, oversight and accountability", hundreds of employees at the Alphabet Inc unit said in an internal petition seen by Reuters on Thursday. [Full Article...]

US says more sanctions await if Turkey does not free pastor

US says more sanctions await if Turkey does not free pastor Turkey has been rocked in recent days by a sharp decline in the value of its lira after US President Donald Trump tweeted last Friday that Washington was doubling aluminum and steel tariffs for Ankara. "It is a shame", Erdogan said in a speech on Saturday. Trump said the United States had helped Turkey in a related incident, but that the North Atlantic Treaty Organisation ally had not repa... [Full Article...]

Turkish lira rebounds after Qatar pledges $15 billion

The lira pressure began to ease on Monday when the Turkish central bank promised it would take "all necessary measures" to protect the economy . " Qatar has pledged Dollars 15 billion of direct investments in Turkey ", presidential spokesman Ibrahim Kalin wrote on Twitter yesterday. [Full Article...]

Qatar Rescues Turkey With $15 Billion

Qatar Rescues Turkey With $15 Billion He also stated that in order to inform investors about the monetary policy of the central bank in a more detailed fashion, another conference call with CBRT Governor Murat Çetinkaya in attendance will be held at the soonest possible date. [Full Article...]

How strong is the US dollar's position as a reserve currency?

How strong is the US dollar's position as a reserve currency? Turkey calls on the United States to get back to dialogue to resolve the existing problems in their relations, Turkish Foreign Minister Mevlut Cavusoglu said on Tuesday. Brunson, 50, is being tried on espionage and terror-related charges, which he and the USA government vehemently deny. "If the U.S. wants to continue being a reputable country, it can not do so with these impositions", he said,... [Full Article...]

US solar tariffs violate trade rules - WTO complaint

US solar tariffs violate trade rules - WTO complaint BEIJING-China says it is challenging a U.S. tariff hike on solar panels before the World Trade Organization, adding to its sprawling conflicts with U.S. Brussels said in late July that it was considering tariffs on 20 billion dollars of US goods should Trump proceed with the proposed auto duties. In a 20-minute interview with the newspaper, Trump said some people may complain that steel prices m... [Full Article...]

Bitcoin Market Share at Highest This Year

Bitcoin Market Share at Highest This Year Bitcoin's dominance rate has been on a steady incline over the past few months, now representing a 14 percent increase from May 1st. A 50% Bitcoin dominance means that out of all the investments made across the cryptocurrency markets , 50% of the money has flown into Bitcoin investments. [Full Article...]

Turkey will emerge stronger from lira crisis despite row with USA: minister

Turkey will emerge stronger from lira crisis despite row with USA: minister The United States and Turkey have exchanged tit-for-tat tariffs in an escalating attempt by Trump to induce Turkish President Tayyip Erdogan into giving up Brunson, who denies charges that he was involved in a coup attempt against Erdogan two years ago. [Full Article...]

Turkey doubles tariffs for goods import from U.S.

Turkey doubles tariffs for goods import from U.S. A decree signed by President Recep Tayyip Erdogan raised the tariffs on cars to 120%, on alcoholic drinks to 140% and on leaf tobacco to 60%. Turkey said Wednesday it is increasing tariffs on imports of certain US products, including rice, cars, alcohol and coal - escalating a feud with the United States that has helped trigger a currency crisis . [Full Article...]

US, China holding lower level trade talks later this month

US, China holding lower level trade talks later this month Beijing and Washington started the trade war in July this year each imposing 25 percent tariffs on $34 billion of each other's exports. A delegation of officials from China and the USA will meet later this month to discuss trade between the two countries as a round of additional tariffs from President TrumpDonald John TrumpGillibrand urges opposition to Kavanaugh: Fight for abortion rights ... [Full Article...]

Corona beer owner spends £3bn to raise stake in cannabis firm Canopy

Corona beer owner spends £3bn to raise stake in cannabis firm Canopy The alcoholic beverage company joins rivals, including Molson-Coors Brewing and Anheuser-Busch, in exploring business opportunities in the cannabis sector. Canopy Growth , the largest publicly traded marijuana company, fell short of Wall Street's earnings expectations on Tuesday, but news of a new investment overshadowed the larger-than-expected loss. [Full Article...]

Turkish lira rallies as Ankara increases tariffs on U.S. imports

Turkish lira rallies as Ankara increases tariffs on U.S. imports The U.S. has already doubled steel and aluminum tariffs on Turkey and slapped sanctions on two Cabinet ministers. "We have other partnerships and alternative markets". pastor. After this latest row with the sanctions and tariffs, President Erdogan told supporters that his country would seek out new allies if the USA chose to cut ties. [Full Article...]

Court rejects appeal for American pastor's release from detention, Turkish media says

Court rejects appeal for American pastor's release from detention, Turkish media says The White House said on Tuesday President Donald Trump was frustrated that Turkey had not released Brunson. The BBC Turkey correspondent Mark Lowen said Mr Erdogan's boycott could stoke tensions with the United States further - and Turks are waiting nervously for Mr Trump's response. [Full Article...]


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