TOKYO (Reuters) – Asian stocks extended a global downturn on Tuesday, while the safe-haven yen rose as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world’s two biggest economies that has rattled financial markets.
Tesla may have more trouble on its hands than layoffs and production …read more […]
WASHINGTON (Reuters) – U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing.
SAN FRANCISCO (Reuters) – Tesla Inc Chief Executive Elon Musk accused an employee of “extensive and damaging sabotage” to the company’s operations in an email sent on Monday to company employees.
Tesla Inc (TSLA.O) Chief Executive Elon Musk accused an employee of “extensive and damaging sabotage” to the company’s operations in an email sent on Monday to company employees. Musk said an employee had made code changes to the company’s operating system and exported “large amounts of highly sensitive Tesla data to unknown third parties,” according to the email, which was obtained by Reuters. The company is investigating whether the employee “was working with any outside organizations,” the email said. …read more […]
WASHINGTON (Reuters) – The U.S. Senate passed a $716 billion defense policy bill on Monday, backing President Donald Trump’s call for a bigger, stronger military but setting up a potential battle with the White House over Chinese telecommunications firm ZTE Corp .
LOS ANGELES (Reuters) – AT&T Inc is promising fewer commercials, smaller channel bundles and personalized programming now that it has taken over Time Warner channels in an $85 billion mega-merger.
Tesla Inc. Chief Executive Officer Elon Musk just invoked a late tech titan in urging workers to keep an eye out for any funny business after a fire briefly halted car output. In a “strange incident that was hard to explain,” a small fire on a manufacturing line in Tesla’s plant stopped production for several hours, Musk wrote in an email to employees Monday. Tesla can ill afford manufacturing setbacks now. …read more […]
CNBC’s Phil LeBeau reports on an email from Elon Musk obtained by CNBC about a fire Sunday night at the electric car company’s Fremont, California factory. …read more […]
(Reuters) – Wells Fargo & Co is expected to announce a restructuring of its wealth management business, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Advanced Micro Devices (AMD) saw its stock price pop over 5% on Monday to hit a new 11-year high on the back of positive analyst sentiment, which also pointed directly to its ability to compete against chip giant Intel (INTC). …read more […]
American Airlines Group Inc. affiliate PSA Airlines expects more flight cancellations on Tuesday after scrubbing about 400 flights over the weekend as the regional carrier moves into its sixth day of problems with its crew-scheduling system. The technology issue arose on June 14 and has affected nearly 1,100 PSA flights to date, mainly in Charlotte, North Carolina, American spokeswoman Katie Cody said Monday. PSA, a wholly owned subsidiary of American, is also likely to operate less than its full schedule on Wednesday, she said. …read more […]
Undaunted and unapologetic, President Donald Trump defended his administration’s border-protection policies Monday in the face of rising national outrage over the forced separation of migrant children from their parents. Tough action is needed to fight illegal immigration, he declared and the U.S. “will not be a migrant camp” on his watch. The children are being held separately from parents who have been arrested under the administration’s “zero-tolerance” policy for illegal border crossings. …read more […]
WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo on Monday slammed China’s trade practices as “predatory economics 101” and said statements by Beijing in recent weeks that it was moving to open its economy were “a joke.”
NEW YORK (Reuters) – A Wendy’s restaurant in Oklahoma is under fire after an employee video showing a mouse inside a bag of hamburger buns was widely shared online.
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