On Friday, Trump said he planned to push ahead with tariffs on $50 billion worth of Chinese imports. While chips were largely spared from the initial list of targeted goods released in April, U.S. trade officials on Friday released a second tariff list of 284 products worth $16 billion that includes the processor and memory chips at the heart of Intel’s business. …read more […]
Asian stocks skidded to a four-month low on Tuesday 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 … …read more […]
On Friday, Trump said he planned to push ahead with tariffs on $50 billion worth of Chinese imports. While chips were largely spared from the initial list of targeted goods released in April, U.S. trade officials on Friday released a second tariff list of 284 products worth $16 billion that includes the processor and memory chips at the heart of Intel’s business. …read more […]
The newspaper reported that Cook travelled to the White House last month to warn Trump of the potentially adverse effects of Trump’s trade policies on Apple in China but did not specify precisely when Trump made the commitment to Cook. Apple and the White House were not immediately available for comment. …read more […]
Tesla may have more trouble on its hands than layoffs and production …read more […]
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 […]
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 […]
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 […]
Disney touch – shares lower on concerns mega-merger debt loads… …read more […]
Facebook hit an all-time high. Less than two months ago shares tumbled into a bear market following news of the Cambridge Analytica scandal. Watch Facebook trade in real time here. …read more […]
Tesla CEO Elon Musk is taunting those betting against the company’s stock. Follow Tesla’s stock price in real-time here. Tesla CEO Elon Musk was taunting short-sellers, or those betting the company’s stock price will go down, once again over the weekend. …read more […]
Valeant Pharmaceuticals International Inc.’s rebound from this year’s low in March was stopped in its tracks after U.S. regulators rejected its application for a plaque psoriasis lotion, Duobrii, that management saw as the first of many new drugs to hit the market in the next few years. Trading volume was more than 1.5 times the full-day average of the past three months as investors retreated even after the company pointed out that the Food and Drug Administration’s ruling was related to its pharmacokinetic data and said management is working to “resolve this matter expeditiously” and has already requested a …read more […]
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