• A Tesla gets airborne after hitting a railway crossing at ludicrous speed
A Tesla gets airborne after hitting a railway crossing at ludicrous speed

A Canadian man discovered his Tesla could fly, the downside being that it's now "demolished". The 46-year-old driver was arrested and charged with risky driving. Investigators said the auto went airborne, landing 100 feet away before crashing into the parking lot and colliding with a a tree. Barrie Police warned fellow drivers on Twitter .

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  • Elon Musk revives 'pedo' controversy in Twitter spat
Elon Musk revives 'pedo' controversy in Twitter spat

He deleted both tweets soon after. Mr Unsworth subsequently said he might take legal action. "It's. energized our skepticism", Ferguson, who said he has a bearish options position on Tesla shares, told Reuters via Twitter . Hansen said he has not heard back from the SEC. Not only would Musk later admit that funding had not been secured, bu...

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  • US Fed to continue gradual rate hikes to manage potential risks
US Fed to continue gradual rate hikes to manage potential risks

Strong Performance The Fed chairman said he expected the economy's "strong performance will continue" and as a result the Fed's "gradual process of normalization remains appropriate". A slower pace of rate increases would be meant to encourage continued borrowing and spending by companies and individuals to drive economic growth. In particular, we...

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  • Prosecutors grant Trump Organization CFO Allen Weisselberg immunity in Cohen probe
Prosecutors grant Trump Organization CFO Allen Weisselberg immunity in Cohen probe

Allen Weisselberg , 71, provided information to federal prosecutors in the case against Michael Cohen , Mr Trump's lawyer. "The Journal reported Pecker shared with prosecutors details about payments that Cohen says Trump directed in the weeks and months before the election to buy the silence of McDougal and another woman alleging an affair, ...

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  • Pope arrives in transformed Ireland as abuse crises rage
Pope arrives in transformed Ireland as abuse crises rage

Francis urged the Irish to do just that, to recognize that for all its failings, the Catholic Church has educated and cared for generations of Irish children in times of starvation and great poverty, when no one else would. Supporters wait to see Pope Francis outside Our Lady of Lourdes Church, Dublin. Weekend of mixed emotions -for many; excit...

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  • Trump Organization finance chief granted immunity in Cohen probe
Trump Organization finance chief granted immunity in Cohen probe

Michael D'Antonio, the author of the 2015 biography of Trump, Never Enough: Donald Trump and the Pursuit of Success , told Politico that he believes Trump now feels "terrified" by the consequences of his actions now coming to fruition. The President suggested that Mr Cohen's legal trouble stemmed from his other businesses, including involvement ...

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  • National Enquirer Executives Had Safe Containing Dirt on Trump
National Enquirer Executives Had Safe Containing Dirt on Trump

Mr Weisselberg , who has been at Mr Trump's side for four decades, is also treasurer of the Trump Foundation, the family charity under investigation for misuse of... People shop in the President Donald Trump campaign store in the lobby of Trump Tower in New York City, New York, U.S., August 24, 2018. A spokeswoman for the attorney general dec...

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  • US President Trump takes aim at Federal Reserve for rates hike
US President Trump takes aim at Federal Reserve for rates hike

In currencies, the dollar came under pressure after Trump reiterated his displeasure at the Fed's rate hikes, saying the central bank should do more to help him boost the United States economy. At the meeting ended August 1, the Fed left interest rates unchanged as expected. It is worth noting that despite Trump's criticism of Powell's rate h...

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  • Trump complains about interest rate rises
Trump complains about interest rate rises

Critical comments by U.S. President Donald Trump about the country's central bank held back some stocks on Tuesday, while the dollar fell for the fourth consecutive day in its worst spell since March. However, JP Morgan Asset Management global market strategist Tai Hui said: "Given the little progress made on the US-China negotiations in the past...

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  • House of Fraser cancels all online orders and goes offline
House of Fraser cancels all online orders and goes offline

United Kingdom department store retailer House of Fraser is cancelling all online orders and refunding customers following a reported dispute with its warehouse operator. In a statement, which does not mention XPO Logistics, Sports Direct said: 'Since the acquisition, the group has started meeting with various House of Fraser suppliers and concessi...

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  • Italy bridge collapse: Three more bodies found under the rubble
Italy bridge collapse: Three more bodies found under the rubble

Saturday's mass for 19 of the victims was held at Genoa's Exhibition and Trade Centre and was led by the city's archbishop, Cardinal Angelo Bagnasco. He said the process will take about eight months to complete. Global reinsurer Swiss Re has today announced its link to the Italian company, Autostrade per I'Italia, which manages the stretch of mot...

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  • Trump attacks Turkey, vows to pay
Trump attacks Turkey, vows to pay "nothing" for USA pastor's release

The Turkish lira is falling against the dollar on Friday after Mnuchin's statement . In recent days, Qatari supporters of Turkey have begun a public campaign in Doha to change their riyals into lira in an attempt to shore up the plunging Turkish currency.

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  • Elon Musk Opens Up About 'Excruciating' Year
Elon Musk Opens Up About 'Excruciating' Year

The news sent Tesla shares soaring so much that trading was suspended in NY. It would seem his insane 120-hour work weeks are taking their toll. Musk also said that recently he has been working 120 hours per week, adding, "There were times when I didn't leave the factory for three or four days-days when I didn't go outside".

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  • China Complains to WTO Over US Trade Tariffs
China Complains to WTO Over US Trade Tariffs

Trump tweeted on July 20 . "This act of abuse of safeguards not only harms the legitimate rights and interests of the Chinese side, but also affects the seriousness and authority of the WTO rules". "Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the awful and unfair Trade Deals that I inherited...

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  • Qatar Comes to Rescue as Turkey Moves to Avert Financial Crisis
Qatar Comes to Rescue as Turkey Moves to Avert Financial Crisis

Explaining the new tariffs, Turkish Vice-President Fuat Oktay said the rises were ordered "within the framework of reciprocity in retaliation for the conscious attacks on our economy by the United States administration". "They will likely just give warm words to Turkey, looking to exploit the situation and stir things up for the USA and the West", ...

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  • Turkey raises tariffs on some U.S. goods amid escalating feud
Turkey raises tariffs on some U.S. goods amid escalating feud

Turkey and Russian Federation will take steps to "enhance strategic partnership" between the two countries, Lavrov said on Tuesday at a joint press conference with his Turkish counterpart Mevlut Cavusoglu. According to him, Turkey would exercise its rights if the USA does not deliver F-35 jets to Ankara. Kalin also said that Turkey will take a posi...

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  • Elon Musk accused in lawsuit of fraud over going-private proposal
Elon Musk accused in lawsuit of fraud over going-private proposal

The 3% to 5% Tesla stake that the sovereign fund bought this month could be an indication that they're ready to invest in an EV future. Musk, often the center of controversy, did not prove he had the funds to finance the operation - despite tweeting "funding secured".

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  • Firefighter killed battling largest blaze in California history
Firefighter killed battling largest blaze in California history

Six firefighters have died in those wildfires. So far, the Holy Fire has scorched more than 22,700 acres in the Cleveland National Forest. "I've known Matt for a long time - over 20 years", said Draper Fire Battalion Chief Bart Vawdrey.

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  • Tesla forms three-member panel to look at any Musk deal
Tesla forms three-member panel to look at any Musk deal

Goldman Sachs has always been a key adviser to Tesla , but the apparent involvement of Silver Lake , best known as a private-equity firm specializing in tech investments, is striking. Goldman declined to comment on Tuesday. The decision to announce the plan, which Musk has since expanded upon , via Twitter "had not been cleared ahead of ti...

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  • Tech stocks take Nasdaq closer to record
Tech stocks take Nasdaq closer to record

Shares of Apple (AAPL.O) rose 0.8 percent , while those of Amazon (AMZN.O) were up 0.6 percent and Microsoft (MSFT.O) 0.4 percent. Markets have largely shrugged off trade issues as indicated by the S&P 500's ( SPX ) recent rise. Chip stocks fell after Morgan Stanley downgraded the USA semiconductor industry. The Nasdaq Composite rose 0.2...

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  • Surge in part-time work offsets full-time losses, helps drops unemployment rate
Surge in part-time work offsets full-time losses, helps drops unemployment rate

The unemployment rate in Northeast B.C. ticked up slightly to 7.4 per cent in July, according to Statistics Canada's latest labour force survey . Across the provinces, Ontario gained 60,600 jobs-all in part-time work-and the unemployment rate dropped 0.5 percentage points to 5.4% for its lowest reading since July 2000.

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  • Erdogan vows to defy United States ‘threats’ after currency crash
Erdogan vows to defy United States ‘threats’ after currency crash

He also said it was a pity that Washington chose Brunson over Turkey, its partner in North Atlantic Treaty Organisation, and in an opinion piece in the New York Times , he warned the United States that Ankara had other alternatives as allies.

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  • U.S. strongly condemns Russia's poisoning of former spy - White House
U.S. strongly condemns Russia's poisoning of former spy - White House

The sanctions are expected to take effect on or around August 22 following a congressional notification period. US President Donald Trump said in the wake of the attack that "it certainly looks like" Russian Federation was behind it and his then-Secretary of State Rex Tillerson said at the time that the US had "full confidence" in the UK's in...

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  • Where can you actually find $1 beer in Ontario?
Where can you actually find $1 beer in Ontario?

The Ontario government is working to sell beer for one dollar in the store, The Beer Store by labor Day (September 3), as reported by the news source CTV News Toronto, who requested anonymity. stating that they value "quality & sustainability above all else". Ontario previously had buck-a-bottle beer but the previous Liberal government hiked...

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  • U.S. SEC examining Musk's tweets on taking Tesla private
U.S. SEC examining Musk's tweets on taking Tesla private

But the board offered no further details of the proposal or its funding, sparking new questions about the feasibility of the master gambit Musk revealed in a surprise series of midday tweets on Tuesday. Musk's money-losing and cash-burning company is an unlikely candidate for debt investors to be willing to help go private. Buying Tesla in its ...

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  • Elon Musk tweets he may take Tesla private
Elon Musk tweets he may take Tesla private

Musk said he has no intention of combining the electric auto maker and the private space company under one umbrella. Mr. Musk's account tweeted: "Am considering taking Tesla private at $420". The higher the price, the less likely it is that Tesla will have to repay those loans. He goes on to mention the quarterly earnings cycle and how that ...

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  • Apple hits $1 trillion market cap
Apple hits $1 trillion market cap

Other companies have come close to the mark, but no public United States company has hit a $1 trillion valuation. In the more than four decades since Steve Jobs founded the company in a California garage, Apple has become almost synonymous with personal computing and mobile devices.

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  • Iran's Zarif Says China 'Pivotal' to Salvaging Nuclear Deal, China Agrees
Iran's Zarif Says China 'Pivotal' to Salvaging Nuclear Deal, China Agrees

Senior Iranian officials have warned the country would not easily yield to a renewed USA campaign to strangle Iran's vital oil exports. The U.S. has been pushing its allies to halt their import of Iranian oil ahead of the November deadline.

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  • United Kingdom hikes interest rates for second time in a decade
United Kingdom hikes interest rates for second time in a decade

Noting the government's decision to raise minimum support prices (MSPs) by at least 150 per cent of the cost of production for all kharif crops, RBI said this is much higher than the average increase seen in the past few years. "This comment should bode favorably for our forecast of RBI rates to remain unchanged from now onwards". Investors l...

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  • [H]ardOCP: Apple Topples the $1 Trillion Mark in Value
[H]ardOCP: Apple Topples the $1 Trillion Mark in Value

Apple has finally reached the $1 trillion mark in value . An electronic screen displays the Apple Inc . logo on the exterior of the Nasdaq Market Site following the close of the day's trading session in New York City, New York , U.S., August 2, 2018.

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