• Tesla Posting Strong Gain On Upbeat Q2 Revenues, Profit Forecast
Tesla Posting Strong Gain On Upbeat Q2 Revenues, Profit Forecast

Tesla, Inc. (TSLA ) is intriguing when broken down to its core data. Tesla's rapid cash burn and struggles at turning a profit have made it a favourite target for shorts, including big names such as Jim Chanos, head of Kynikos Associates, and billionaire hedge fund manager David Einhorn's Greenlight Capital fund.

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  • Fetus discovered by crew on plane at NYC's LaGuardia Airport, sources say
Fetus discovered by crew on plane at NYC's LaGuardia Airport, sources say

The plane was being held at Terminal B while the medical examiner's office spent several hours onboard the aircraft. An autopsy is being performed on the fetus to determine cause of death. American Airlines also sent out an official statement, but offered no details about what had been found. The Port Authority deferred questions to the Queens DA...

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  • Musk Says in Tweet He Is Considering Taking Tesla Private
Musk Says in Tweet He Is Considering Taking Tesla Private

After rising as much as 8.5 percent, the company's shares gave up some of their gains. Tesla didn't immediately respond to a request for comment. The news caused Tesla's share price to jump by $14. He implied the funding values the company at $420 a share. Mr Musk has previously discussed the drawbacks of being a public company, saying shareh...

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  • Facebook wants banks to share your personal finances
Facebook wants banks to share your personal finances

According to a new Wall Street Journal ( WSJ ) report , Facebook has asked USA banks to share detailed information on their customers, including data on credit card transactions and checking account balances. Facebook had discussions with Chase, JPMorgan, Citibank, and Wells Fargo several months ago, said the source, who asked to remain anon...

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  • China threatens tariffs on $60 billion in USA goods
China threatens tariffs on $60 billion in USA goods

Other US goods targeted by China also included semiconductors, some helicopters, small-to-mid-sized aircraft, condoms, beef, steel products and coffee. On Saturday, President Donald Trump praised his tariff plan and insisted, "steelworkers are working again, and big dollars are flowing into our Treasury".

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  • NASCAR CEO Brian France Arrested for DUI, Oxycodone
NASCAR CEO Brian France Arrested for DUI, Oxycodone

Police, France was pulled over after driving through a stop sign in the Hamptons at approximately 7:30 p.m. ET. During the traffic stop, police determined France was operating his vehicle "in an intoxicated condition, Drake said". France, who turned 56 last Thursday, has served as NASCAR CEO since 2003. NASCAR said it was aware of the arres...

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  • 5 people die in plane crash in California mall parking lot
5 people die in plane crash in California mall parking lot

The plane was headed to John Wayne Airport, according to the Los Angeles Times , which also reported the plane hit a vehicle but did not injure anyone on the ground. Federal Aviation Administration spokeswoman Arlene Salac said the pilot of the twin-engine Cessna 414 declared an emergency before crashing. "It actually came down in front of us...

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  • Indra Nooyi to step down as PepsiCo chief executive
Indra Nooyi to step down as PepsiCo chief executive

The 64-year-old Nooyi has been with Pepsico for 24 years, and is a leading figure in an elite group of high-profile female CEOs. She will remain chairman until early 2019 to ensure a smooth and seamless transition. She will be replaced by Ramon Laguarta. He now serves as president, overseeing global operations, corporate strategy, public policy...

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  • Jeep Wants to Ban Mahindra Roxor in US, Here’s Why
Jeep Wants to Ban Mahindra Roxor in US, Here’s Why

FCA wants Mahindra to stop importing Roxor into U.S. via CKD route and assemble at Detroit. FCA filed a complaint with the U.S. International Trade Commission that could prevent Mahindra's vehicle from entering the market. According to The Detroit News , Mahindra responded to the complaint Friday, calling it without merit given past agreements bet...

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  • China Plans Tariffs on $60 Billion of Imports to Counter Trump
China Plans Tariffs on $60 Billion of Imports to Counter Trump

Beijing then threatened to impose an additional $ 60 billion in tariffs on a variety of American goods - which White House economic advisor Larry Kudlow dismissed as "a weak response". Today's threat targeting a smaller amount of US goods reflects the fact that Beijing is running out of products for retaliation due to its lopsided trade balance ...

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  • Unipec reported to have suspend United States oil imports
Unipec reported to have suspend United States oil imports

Fears that Chinese demand could taper fuelled the pullback on Friday after state oil major Sinopec cut its purchases of U.S. crude. The crude market was also roiled by reports that the USA has not been able to persuade the world's second-biggest economy to cut Iranian oil imports.

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  • Parasite found in McDonald's salads sickens nearly 400 people, FDA says
Parasite found in McDonald's salads sickens nearly 400 people, FDA says

So far, 16 of these cases have been severe to the point of hospitalization. Sick individuals can also suffer from vomiting, nausea, gas and fatigue. The illness can last a few days to a few months, and patients might feel better but then get worse again.

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  • US trade deficit expands in June amid growing tensions
US trade deficit expands in June amid growing tensions

The country saw a 4.1 percent increase in exports compared with May, reaching 50.7 billion Canadian dollars (roughly 39 billion US dollars), due to spiked exports of energy products and aircraft. That reflected a jump in shipments overseas of soybeans, up 40 percent in the first half of the year compared with 2017, and petroleum and related product...

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  • U.S. Oil Production Isn’t Growing As Fast As Expected
U.S. Oil Production Isn’t Growing As Fast As Expected

Low U.S. stockpiles were still providing a floor for prices, with overall U.S. crude inventories below the five-year average of around 420 million barrels. The world's biggest energy exporter raised production last month to 11.215 million barrels a day, a jump of 148,000 barrels from a month earlier and just below the post-Soviet record set in Octo...

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  • Ryanair announce ANOTHER one day strike in August
Ryanair announce ANOTHER one day strike in August

Ryanair pilots from Belgium and Sweden have already announced a strike on the same date. In a statement, Forsa said on Thursday: "For over a month, the union has said that industrial action is likely to continue until there is substantial movement on the pilots' reasonable demands for an agreement on a fair and transparent approach to base transf...

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  • U.S. employers add 157,000 jobs, jobless rate hits 3.9 per cent
U.S. employers add 157,000 jobs, jobless rate hits 3.9 per cent

USA job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that the labour market was tightening. The economy created 59,000 more jobs in May and June than previously reported and needs to generate about 120,000 jobs per month to keep up with gro...

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  • Crude oil dips as China plans tariffs to counter Trump
Crude oil dips as China plans tariffs to counter Trump

As an original signatory, the U.S. also pledged to waive secondary sanctions as long as Iran continued to abide by the deap. Trump announced in early May the unilateral withdrawal of the United States from the Iran nuclear deal and the reinstatement of sanctions against the country, as well as against foreign companies who do business with it.

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  • House of Fraser forced to seek alternative funding
House of Fraser forced to seek alternative funding

Billionaire retailer Philip Day is in the early stages of a potential bid for House of Fraser ( PRIVATE:HOF ) to save it from collapse, Sky News reported on Thursday, providing no other details. As per the last financial information publicly available, House of Fraser employs 17,500 people - 6,000 direct and 11,500 concession staff. It is u...

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  • Conor McGregor to fight Khabib Nurmagomedov at UFC 229 in Las Vegas
Conor McGregor to fight Khabib Nurmagomedov at UFC 229 in Las Vegas

Since then, McGregor's return to the UFC has been teased but the two sides couldn't come to an agreement. McGregor has posted several photos on social media this week hyping his physical fitness in advance of the announcement, which neither fighter attended.

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  • USA considering higher tariffs on US$ 200 bil. of Chinese goods
USA considering higher tariffs on US$ 200 bil. of Chinese goods

The proposed higher tariff "is meant to provide the administration with additional options to encourage China to change its harmful policies and behavior and adopt policies that will lead to fairer markets", Lighthizer said Wednesday. "If the US takes a further and upgraded move, China would definitely retaliate to safeguard our legal rights". The ...

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