Stories about Business

Aug 09 2018

Here's what taking Tesla private means for the company and Elon Musk

Compliance experts are still arguing about whether Musk could face official censure. A lot of questions remain unanswered but, if Tesla goes through with the plan, it w...

Aug 08 2018

Elon Musk Reveals Details of Tesla V9.0 Software, Including Early Access

Musk has followed up with an offer for current stockholders to keep their shares and "go private" - without knowing further details on the company's board and governance ...

Aug 07 2018

America dismisses European Union ‘blocking statute’ as Iran sanctions finally bite

Individuals or entities that fail to wind down activities with Iran risk severe consequences. On July 30, Trump offered to meet Iranian President Hassan Rouhani witho...

Aug 05 2018

Record heatwave forecast in Spain, Portugal - 50 degrees

In another sign of drought, water levels in the Danube River in Budapest are about to fall to a level that will expose a small outcrop called Dearth Rock that is nearly a...

Aug 04 2018

China says it will retaliate with tariffs on $60B of United States goods

The move was meant to bring China back to the negotiating table for talks over U.S. demands for structural changes to the Chinese economy and a cut in the bilateral trade...

Aug 03 2018

Apple beats tech rivals to the $1 trillion mark

Apple has become the world's first publicly traded company to be valued at $1 trillion. The gap is telling and I don't bring it up to ridicule Zim companies but just t...

Aug 02 2018

Wraps, Salads Sold At Trader Joe's, Kroger, Walgreens Possibly Contaminated with Cyclospora

Indianapolis-based distributor Caito Foods LLC reported that officials with Fresh Express had issued a recall notice for chopped romaine that was used in the wraps and ...

Aug 01 2018

Apple stock rises after hours on blockbuster earnings report

Shares in the Silicon Valley-based technology titan rose 3.96 percent to $197.83 in after-hours trade that followed release of the earnings figures. Both iPhones have ado...

Aug 01 2018

With nimbler bikes, Harley sharpens Asia focus to revive growth

The company will continue to develop improved touring and cruiser motorcycles and launch new modular 500cc to 1250cc middleweight platform of motorcycles, starting with a...

Jul 31 2018

50 years on, McDonald's isn't messing with its Big Mac

Customers will receive a MacCoin with the purchase of a Big Mac on Thursday, August 2. "We all know what the Big Mac is worth to us, but giving it its own limited minta...

Jul 30 2018

Winklevoss Bitcoin ETF Proposal Rejected By SEC

The exchange commission said that it backed out of a change of rule, at the behest of Bats BZX exchange. After having a proposal rejected a year ago, the Gemini exchan...

Jul 30 2018

Spectrum Might Get Kicked Out Of New York For ‘Recurring Failures’

Big quote: "These recurring failures led the Commission to the broader conclusion that the company was not interested in being a good corporate citizen and that the Comm...

Jul 29 2018

How China's tariffs on soybeans fueled the US GDP bump

The figures released on Friday by the US Department of Commerce showed the economy grew at the fastest pace since 2014 during from April to June. And the report's revis...

Jul 28 2018

Big Stocks Rock NASDAQ as Two FAANGs Bite the Dust

On Thursday afternoon, Facebook watched its capitalization drop by $119 billion, lowering its valuation to $510 billion, which represents a 19 percent drop, accordin...

Jul 27 2018

Facebook has worst day in stock market history

Last quarter, Facebook also was undermined by the reaction to its involvement with Cambridge Analytica , the third-party developer accused of mishandling data on up to...

Jul 27 2018

Turkey Says The US Should Reconsider Possible Sanctions Over Detained Pastor

Brunson, an evangelical pastor and North Carolina native, will be released from jail in western Turkey and returned to his house because of "health problems", accord...

Jul 27 2018

Mexico Seeks a Swift Close to NAFTA Talks

Mexican President-elect Andres Manuel Lopez Obrador said Tuesday that Donald Trump had urged him to accelerate negotiations to revamp the North American Free Trade Agr...

Jul 26 2018

Trump plans emergency aid to farmers affected by his tariffs

As he headed into the meeting, Mr. Trump shrugged off intense criticism from business leaders, farmers and his own GOP lawmakers that he was igniting a trade war that h...

Jul 26 2018

Donald Trump set for tense trade talks with EU's Jean-Claude Juncker

Trump told Juncker at the White House that the United States "would be extremely pleased if there were no tariffs or trade barriers with the EU". President Donald Tr...

Jul 25 2018

Google's Alphabet hit by Europe's other GDPR: Global Domination = Profit Reduction

While the European Union fine, announced last week as a penalty for abusing the market dominance of its Android operating system, did eat into profit, on an adjusted ...