Markets

Turkey's president says country will defy economic threats

Turkey's president says country will defy economic threats Turkey, meanwhile, is frustrated by the refusal of the U.S.to extradite a Pennsylvania-based Muslim cleric accused by Turkish authorities of engineering a 2016 coup attempt. Despite the political tensions, the lira rebounded some 6 percent on Wednesday, strengthening to around 6.0 to the United States dollar. "Would the amount of Turkey's debts decrease?" Erdogan wants Washington to extradite Tu... [Full Article...]

Turkey refuses to release pastor despite threat of USA sanctions

Turkey refuses to release pastor despite threat of USA sanctions The lira went into a tailspin after a diplomatic spat with the USA over a detained pastor in Turkey. USA support for Kurdish rebel groups fighting Islamic State fighters in northern Syria is another major difficulty, given Turkey's battle against a Kurdish insurgency in its own country. [Full Article...]

Asian stocks retreat as Turkey worries weigh, dollar buoyant

Asian stocks retreat as Turkey worries weigh, dollar buoyant The dollar this week rose to a 13-month high against a basket of other currencies , getting an extra boost as emerging markets have sold off on concern about contagion from Turkey and investors sought a safe haven in the USA currency. Sanders said the us tariffs on steel and aluminum will not be lifted even if Brunson is freed, but suggested the sanctions against Turkish officials could e... [Full Article...]

Turkey aims new tariffs at US as court rejects pastor's appeal

Turkey aims new tariffs at US as court rejects pastor's appeal In a sign of improving ties to European Union nations, Kalin said Erdogan would hold telephone conversations with German Chancellor Angela Merkel later Wednesday and with Emmanuel Macron of France on Thursday. Investors continued to demand higher interest rates. Markets weren't all rosy. On Monday, the USA president signed a defense authorization act that notably prohibits the delivery of ... [Full Article...]

S3 Partners: Tesla Shorts Haven't Gone Anywhere (NASDAQ:TSLA)

S3 Partners: Tesla Shorts Haven't Gone Anywhere (NASDAQ:TSLA) Tesla's (NASDAQ: TSLA ) board has not yet received a detailed financing plan from CEO Elon Musk and is seeking more information about how he would take the company private , Reuters reports . "'Funding secured' is a very strong term, and it has legal consequences", Pitt said. In the days following Musk's tweet, however, Wall Street demonstrated some major skepticism about Musk's claims,... [Full Article...]

Firefighter dies battling Northern California's Mendocino Complex blaze

Firefighter dies battling Northern California's Mendocino Complex blaze Three other firefighters perished while battling the devastating Carr Fire , which also killed four civilians and a utility worker and burned more than 1,500 structures. Two other firefighters had previously been injured fighting the fire. The Carr Fire , which began nearly three weeks ago, has destroyed nearly 1,100 residences. [Full Article...]

Tesla forms three-member panel to decide on any Musk deal

Tesla forms three-member panel to decide on any Musk deal He said he had " funding secured " for a deal, but didn't say where the money would come from. Musk said that since his Twitter post on the possibility of a deal the managing director of the Saudi fund had expressed support for proceeding subject to financial and other due diligence. [Full Article...]

U.S. airline worker steals plane, takes it for flight before crashing it

U.S. airline worker steals plane, takes it for flight before crashing it Federal agents are trying to piece together how and why an airport ramp worker stole a plane in Seattle and later died during a crash landing. An Alaska Air spokesman said he did not have information about how the incident occurred. "Got a few screws loose, I guess". Video footage on social media showed a large plane flying above the Seattle area with a F-15 fighter jet following it. [Full Article...]

Turkey steel, aluminum tariff-hike documents to be prepared: White House

Turkey steel, aluminum tariff-hike documents to be prepared: White House Early Friday, the currency hit an all-time low of 6.30 against the USA dollar. "It will hurt USA manufacturers that import steel and aluminum from Turkey, although that only constitutes a small portion of domestic steel and aluminum consumption", she added. [Full Article...]

Here’s How To Win Free McDonald’s For Life

Here’s How To Win Free McDonald’s For Life Fans of Willy Wonka will know the significance of the golden ticket, but McDonald's has modernized the idea with one McGold Card for one lucky person. Since then, a small select number of McGold Cards have been given out to notable figures, ranging from the governor of MI to the king of Sweden. The victor can also cash out the $1,000 app credit. [Full Article...]

S&P 500, Dow end lower with energy, financials; Tesla falls

S&P 500, Dow end lower with energy, financials; Tesla falls Futures implied the index would open up at 2,860.7, about 12 points away from the record. Stocks traded little changed on Thursday as the S&P 500 was within striking distance of reaching an all-time high. The energy sector was the biggest loser, dragged down by Occidental Petroleum , the largest Permian producer, which boosted its capital expenditure. [Full Article...]

Tesla (TSLA) Stock: Next Stop, $420? Weed Smokers Say Yes!

Tesla (TSLA) Stock: Next Stop, $420? Weed Smokers Say Yes! Trading on the company's stock was halted Tuesday after Musk tweeted that he was considering taking Tesla private. In an email , Musk told Tesla employees that he believes going private would be the "best path forward". He claims Tesla is the most shorted stock "in the history of the stock market" and that going private would remove them from the narrative. SoftBank is now not interested in a... [Full Article...]

Musk Says in Tweet He Is Considering Taking Tesla Private

Musk tweeted that he hoped all current investors would remain were the company to go private. The disclosure initially raised questions whether the eccentric Musk was joking, but he then amplified on his plan in a subsequent tweet that said he meant to create a special fund that would allow all current Tesla shareholders to retain a stake in the auto maker if they want. [Full Article...]

Rouhani says negotiations with sanctions ´makes no sense´

Rouhani says negotiations with sanctions ´makes no sense´ In May, President Donald Trump withdrew the United States from an worldwide 2015 deal to control Iran's nuclear ambitions. USA officials last week said Iran carried out a similar exercise, though Tehran did not immediately acknowledge it. [Full Article...]

Apple is the world's first trillion dollar company

Apple is the world's first trillion dollar company He launched the iPhone in 2007, dropping "Computer" from Apple's name and super-charging the cellphone industry, catching Microsoft , Intel, Samsung and Nokia off guard. Shares of Apple this week traded at about 15 times expected earnings, compared with Amazon at 82 times earnings and Microsoft at 25 times earnings. [Full Article...]

Financial fruit: Apple becomes first trillion-dollar publicly-traded company

Financial fruit: Apple becomes first trillion-dollar publicly-traded company It now accounts for 4 percent of the S&P 500. But a traditional industrial business, The Saudi Arabian Oil Company known as Aramco, could surpass Apple if it carries out plans to offer its stock to the public. Jeff Carbone, co-founder of Cornerstone Financial Partners in Charlotte, North Carolina, has included Apple in his clients' portfolios for about a decade. [Full Article...]

Ready-Made Salads, Wraps Recalled For Possible Parasite Contamination

Ready-Made Salads, Wraps Recalled For Possible Parasite Contamination The U.S. Department of Agriculture's Food Safety and Inspection Service issued a recall for certain beef, pork and chicken salad and wrap products distributed by Caito Foods to several stores including Kroger and Walgreen's. If you are anxious you have consumed a recalled item, contact a medical professional. A full list of products , labels, code numbers and identifying information can be fo... [Full Article...]

Apple beats earnings estimates as iPhone sales climb

Apple beats earnings estimates as iPhone sales climb Many Americans have at least one piece of Apple tech in their household, and the same can be said for residents of European and Asian countries. Apple Inc sales led by the pricey iPhone X pushed quarterly results far beyond Wall Street targets on Tuesday, with subscriptions from App Store, Apple Music and iCloud services bolstering business. [Full Article...]

New electric motorcycles, e-cycles coming to Harley-Davidson lineup

New electric motorcycles, e-cycles coming to Harley-Davidson lineup Harley-Davidson is also changing its retail strategy and expanding its push internationally following declining USA sales. Harley-Davidson plans to develop a more accessible, small-displacement (250cc to 500cc) motorcycle for Asia emerging markets through a planned strategic alliance with a manufacturer in Asia. [Full Article...]

McDonald's Celebrates Big Mac's 50th Anniversary With MacCoin Currency

McDonald's Celebrates Big Mac's 50th Anniversary With MacCoin Currency Fifty years after the birth of the Big Mac in western Pennsylvania, the "Golden Arches" is celebrating the double-decker burger's golden anniversary in a big way. McDonald's decided it would be fitting to honor him with the MacCoin, which is actually an idea based upon the Big Mac index . In 1967, Michael James "Jim" Delligatti lobbied the company to let him test the burger at his Pittsburgh-ar... [Full Article...]


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