• Tesla to build first overseas plant in Shanghai
Tesla to build first overseas plant in Shanghai

The change represents a net price increase for Tesla buyers. The Shanghai agreement left two big outstanding questions. Tesla is the first automaker to reach this milestone, while General Motors has said that it expects to follow sometime later this year.

Read more

  • Tesla Sues Ex-Employee for Hacking Nevada Operating System and Data Export
Tesla Sues Ex-Employee for Hacking Nevada Operating System and Data Export

According to the Washington Post , Tesla is accusing Tripp of not only the theft of sensitive data, but also leaking false and damaging information to the press. But Tripp said he tampered with no systems and shared information with the media only after seeing things that alarmed him within the company, including what he says were dangerousl...

Read more

  • Iran rejects plan to raise oil output within OPEC
Iran rejects plan to raise oil output within OPEC

But Iran has called on the group to resist pressure from U.S. President Donald Trump , who moved to reimpose sanctions on Tehran last month after announcing he would pull the United States out of Iran's nuclear agreement with world powers.

Read more

  • OPEC to boost oil production by 1 million barrels per day
OPEC to boost oil production by 1 million barrels per day

The "Declaration of Co-operation" agreement between Opec and allied non-Opec countries effective from January 1, 2017, has been very successful in balancing the market by reducing the overhang of a staggering 340mn barrels above the OECD (Organisation for Economic Co-operation and Development) five-year average commercial stock levels of 2.81bn bar...

Read more

  • Markets Right Now: Stocks fall on fresh worries over trade
Markets Right Now: Stocks fall on fresh worries over trade

China clearly disagrees, which is why we believe we are heading into a tit-for-tat scenario, in which we believe the USA will soon raise the amount subject to tariffs to USD150bn. Companies also are watching the fate of ZTE Corp . The flags of the USA and China hang outside of 85 Broad Street, headquarters for the investment bank Goldman Sachs i...

Read more

  • Prices Dip Slightly on Reports Iran May Agree to Small Production Hike
Prices Dip Slightly on Reports Iran May Agree to Small Production Hike

Speaking at the same event in Vienna , Iranian Oil Minister Bijan Namdar Zanganeh reiterated his country's resistance to hiking oil output and accused Trump of trying to politicise OPEC. OPEC will discuss possible changes to the supply-cut deal in the Austrian capital later this week. "Stay tuned." A decision to increase output could be taken with...

Read more

  • One deputy killed, another in critical condition in Kansas City, Kansas
One deputy killed, another in critical condition in Kansas City, Kansas

The injured female deputy underwent surgery. The shooting is under investigation. Police Capt. Lionel Colón says Fulkerson had barricaded herself in a shed after she was seen outside with a sword. A juvenile was also shot, Birch said, and taken to a hospital. The Associated Press reported that one sheriff's deputy had been killed and another wa...

Read more

  • China To Increase Import Duty On Electric Cars Coming From The US
China To Increase Import Duty On Electric Cars Coming From The US

Beijing's tariffs on United States goods will start on July 6 - the same day as Trump's announced restrictions - and will apply to agricultural products as well as cars. Another 280 or so still need to undergo a public comment period, and will take effect later. A senior Trump administration official told reporters that companies will be able ...

Read more

  • ‘Plain English’ Powell Praises U.S. Economy After Rate Hike
‘Plain English’ Powell Praises U.S. Economy After Rate Hike

He also announced that starting in January he'd take questions from the media after every meeting, though he cautioned that "having twice as many press conferences does not signal anything". The Fed's new forecast showed inflation inching up only slightly over the next 2 1/2 years . Eastern time news conference. So-called core inflation - wh...

Read more

  • Bitcoin hits two-month low after South Korean exchange hacked
Bitcoin hits two-month low after South Korean exchange hacked

Coinrail confirmed in a statement on its website that some of the exchange's digital currency appears to have been stolen by hackers, but it did not quantify its value. EOS's price drop is notable as this cryptocurrency is now in the process of launching its main blockchain network (also known as mainnet) after having raised a reported $ 4 billio...

Read more

  • Porsche renames its upcoming four-door all-electric Mission E
Porsche renames its upcoming four-door all-electric Mission E

Oliver Blume, Chairman of the Executive Board of Porsche AG . Two permanently excited synchronous motors (PSM) with a system output of over 600 hp (440 kW) accelerate the electric sports vehicle to 100 km/h in well under 3.5 seconds and to 200 km/h in under twelve seconds.

Read more

  • Trump issues warning to trade partners over retaliatory tariffs
Trump issues warning to trade partners over retaliatory tariffs

The weekend meeting marked the first time other countries began employing new way of dealing with Trump in person, pushing back on his declarations and threats and trying to illustrate the damage he was doing to the US economy. "I think it would be an asset to have Russian Federation back in". Trump pulled out of President Barack Obama's land...

Read more

  • Commerce Secretary: US reaches deal with China's ZTE
Commerce Secretary: US reaches deal with China's ZTE

Following the ban on selling USA -made hardware (and potentially software ) to ZTE earlier this year, it appears that the company may have reached a compromise with the us government, according to Reuters . US senators said they plan legislation to roll back the agreement. Meanwhile, the South China Morning Post reported Wednesday that ZT...

Read more

  • Trump Asks Trudeau: ‘Didn’t You Guys Burn Down the White House?’
Trump Asks Trudeau: ‘Didn’t You Guys Burn Down the White House?’

The White House recently confirmed President Trump is considering separate trade deals with Canada and Mexico rather than a new NAFTA deal. A White House and Treasury spokesperson did not respond to a request for comment. Although the European Union hasn't pulled the trigger on its own tariffs - yet - it recently opened a case at the World Tr...

Read more

  • Louis area stores as retailer's sales plunge
Louis area stores as retailer's sales plunge

In a news release, company officials said it notified associates at 15 Kmarts and 48 Sears stores that their locations will close. The 72 stores were among 100 Sears identified that are no-longer turning a profit. The retailer put up for auction the property its stores occupy at Mid Rivers Mall and South County Center . ESL Investments is the ...

Read more

  • Visa outage: payment chaos after card network crashes
Visa outage: payment chaos after card network crashes

So it may be a good idea to hold off on using your Visa card until the issue is solved completely. The Bank of Ireland said some of its customers were experiencing problems, telling the Financial Times the issue "is impacting banks across Europe".

Read more

  • Drivers hit the road for Memorial Day despite higher gas prices, temperatures
Drivers hit the road for Memorial Day despite higher gas prices, temperatures

That's pretty high considering that the average national gas price for all of 2017 was just $2.37 per gallon. Drivers in Ventura County are spending about $3.74 a gallon for gas, up two cents since last week. Whether you are a bread New Yorker or you are just visiting the city for the holiday, you have to make sure to include in your list of "thi...

Read more

  • U.S. crude stockpiles rise unexpectedly in week
U.S. crude stockpiles rise unexpectedly in week

Since 2017, financial sanctions on Venezuela and PDVSA and quality problems with some PDVSA's crude grades also have created obstacles for USA customers to import or pay for oil shipments from the South American country, affecting refiners such as PBF and Phillips 66.

Read more

  • US News Outlets Block European Readers Over New Privacy Rules
US News Outlets Block European Readers Over New Privacy Rules

They can also request to have their data deleted or corrected, and will be able to download their data and take it elsewhere, such as from one music streaming service to another. The "take it or leave it" approach embraced by some both large and small companies will likely not sit well with the EU's executive body, the European Commission, which ma...

Read more

  • The Senate Passes Legislation to Save Net Neutrality
The Senate Passes Legislation to Save Net Neutrality

But he concedes that Democrats have done a better job of selling their message to voters. She was the last to vote after taking her time on the Senate floor, entertaining lobbying by Sen. Neither tipped a hand until they voted a few hours earlier Wednesday to move the measure past a procedural hurdle. As expected, Republican Senator Susan Collins o...

Read more