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Tesla shares rise 17% after Elon Musk settles with SEC

Tesla shares rise 17% after Elon Musk settles with SEC

As part of fraud case settlement, company founder will continue as CEO of electric vehicle firm, with new "independent chairman" appointed. At the same time, Tesla has also settled new charges...

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Amazon Raises Minimum Hourly Pay to $15, Calls For New Minimum Wage

Amazon says the new rate will go into effect on November 1, covering all of its full-time, part-time, temporary and seasonal employees in the U.S. And that's before taxes and other expenses are taken ...

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Canada, U.S. reach framework deal on NAFTA

Canada, U.S. reach framework deal on NAFTA

The new agreement also signals the Trump administration is open to keeping trade agreements with some countries alive, analysts say, although most fell short of including China in that list. preside...

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U.S. And Canada Reach Deal To Replace NAFTA

U.S. And Canada Reach Deal To Replace NAFTA

Both Freeland and Trudeau say it's important to remember that when the negotiations began over a year ago the USA aim was to dismantle supply management entirely, and Canada did not let that happen. F...

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50 million Facebook accounts hacked: All questions answered

50 million Facebook accounts hacked: All questions answered

Security is an illusion, which is a truth increasingly relevant as social networking giant Facebook unearths a security breach affecting millions of users. Access tokens are like digital keys that r...

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GE CEO John Flannery steps down

GE CEO John Flannery steps down

But since his appointment in August 2017, GE's business woes have grown and its stock price has sunk to new lows. The Boston-based company's shares closed at $11.29 on Friday, with a total market ca...

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California Governor Signs Net Neutrality Bill, FCC Calls It ‘Illegal’

California Governor Signs Net Neutrality Bill, FCC Calls It ‘Illegal’

The Trump administration rules were a win for providers like Comcast Corp ( CMCSA.O ), AT&T Inc (T.N) and Verizon Communications Inc ( VZ.N ), but the net neutrality repeal was opposed by inte...

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Musk Sees

Musk Sees "Victory" Tuesday, SEC Deal: Tesla Jumps

Musk, a co-founder of Tesla , is the company's largest stockholder, owning approximately 22 per cent of its outstanding shares. Musk and Tesla will pay $20 million each, bring in two independent ...

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Tesla shares jump as SEC settlement leaves Musk in CEO role

Tesla shares jump as SEC settlement leaves Musk in CEO role

In May, CTW Investment, which advises union pension funds worth more than $250 billion, chastised the Tesla board for its failure to rein in Elon Musk , its mercurial co-founder. Curiously, and as ...

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Canada, US reach deal to save NAFTA as trilateral trade pact

Canada, US reach deal to save NAFTA as trilateral trade pact

Senator Ron Wyden of OR, the top Democrat on the Senate committee that oversees trade, said Friday, before the text was delivered. Canada also agreed to a quota of 2.6 million vehicles exported to t...

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U.S. and Canada Are Close to Signing Nafta Deal This Weekend

U.S. and Canada Are Close to Signing Nafta Deal This Weekend

Markets and business groups are openly fretting about the damage that a collapse could provoke. Trudeau's "tariffs are too high, and he doesn't seem to want to move, and I've told him forget about i...

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All the deals you should know about for National Coffee Day

All the deals you should know about for National Coffee Day

They're easy, wide-spread, and best of all they get us cheap stuff. So find your favorite deal, grab a coffee and a pastry and take a nice stroll through the park. Bagels: With any food purchase Satur...

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China ties sour as Xi, Trump friendship fades

China ties sour as Xi, Trump friendship fades

President Donald Trump talked about the economic impact of the his tariffs on steel, aluminum, and Chinese products during a rare press conference on Wednesday. The Trump administration has "has braze...

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Most burgers preservative free — McDonald's

Most burgers preservative free — McDonald's

McDonald's Corp. (MCD) announced Wednesday that the seven "classic burgers" on the menu at its namesake fast food chain are now served nearly entirely without unhealthy additives. McDonald's also rec...

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Federal Reserve Raises Interest Rates For Third Time

Federal Reserve Raises Interest Rates For Third Time

The Nasdaq composite was 0.2 percent higher at 8,007.47. The jobless rate is now 3.9%. These FOMC estimates have been guided by more rigorous analysis led by John Williams, President of the Feder...

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Jeff Bezos' space company set to launch

Jeff Bezos' space company set to launch

Inc. founder Jeff Bezos's space startup Blue Origin LLC has won a contract to supply engines for United Launch Alliance LLC, the Wall Street Journal reported on Thursday. Sacramento-based Aero...

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Unhappy with NAFTA talks, Trump rejects to meet Canada's Trudeau

Unhappy with NAFTA talks, Trump rejects to meet Canada's Trudeau

The White House wanted Trudeau to agree to changes to NAFTA by this weekend, but talks stalled several days ago over a number of issues. But Trump suggested he may go forward with a revamped NAFTA...

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Google Allowed Some Crypto Ads in US and Japan

Google Allowed Some Crypto Ads in US and Japan

Search engine giant Google has revealed that it will begin allowing cryptocurrency exchange advertisements in the USA and Japan, starting in October. As for the other countries, Google has yet t...

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Elon Musk has been charged with securities fraud

Elon Musk has been charged with securities fraud

Friday's selling has Tesla's stock on track to open near $270 a share, its lowest level since September 7. On Thursday, the SEC sued the serial entrepreneur and engineer for "false and misleading" s...

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Tesla shares plunge as regulators launch fraud lawsuit against Elon Musk

The sticking point was likely that the deal would reportedly also have prohibited Musk from serving as Tesla's chairman for two years and required the company to appoint two independent directors. M...

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