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Finance

Last Friday, US President Donald Trump said he had authorized higher tariffs on aluminum and steel imports from Turkey. Turkey on Wednesday said it was hiking tariffs on imports of several key USA products in retaliation for American sanctions against Ankara, as a bitter dispute between the two allies that sent the Turkish lira into free-fall showed no sign of ending.
  • Wall Street flat as trade tensions mute earnings optimism

    Wall Street flat as trade tensions mute earnings optimism

    Finance

    The Dow Jones Industrial Average decreased 74.52 points, or 0.29 percent, to 25,509.23. The Dow Jones Industrial Average index slid 245 points, or nearly two percent, during early trading hours on Wall Street. The Nasdaq gained 0.3 per cent for the week after strong gains in some technology shares. The number of Tesla shares sold short rebounded and are now higher than before Chief Executive Elon Musk on Tuesday proposed taking the electric auto maker private, according to data from ...
  • Turkey currency crashes as Trump doubles metals tariffs

    Turkey currency crashes as Trump doubles metals tariffs

    Finance

    Turkish President Recep Tayyip Erdogan has lashed out against a shadowy worldwide "interest rate lobby" which he suggested was "campaigning" to harm Turkey's economy, after the lira fell more than 14 percent overnight. The US on August 1 imposed financial sanctions on its North Atlantic Treaty Organisation ally, blocking Turkey's ministers of justice and interior from doing business with Americans.
  • Iranian president warns North Korea: Don't trust Trump

    Iranian president warns North Korea: Don't trust Trump

    Finance

    In a tweet , President Donald Trump called the measures "the most biting sanctions ever imposed", saying they would prevent anyone who did business with Iran from doing business with the U.S. European leaders have expressed deep regret about the U.S. actions. Commission deputy chief spokesperson Mina Andreeva said: "They are free to choose whether to start working, continue working or cease business operations in Iran ...
  • Elon Musk isn't kidding, Tesla board confirms TSLA could go private

    Elon Musk isn't kidding, Tesla board confirms TSLA could go private

    Finance

    The report came the day after Musk said he was considering taking Tesla private and that funding had been secured, but did not offer any specifics about the unprecedented move. The company declined to comment beyond pointing to an all-employee email sent Tuesday by Musk. "Finally, this has nothing to do with accumulating control for myself".
  • NASCAR CEO arrested for DWI, oxycodone possession

    NASCAR CEO arrested for DWI, oxycodone possession

    Finance

    Upon the traffic stop, according to the release, police determined that France was operating the vehicle in an intoxicated condition. Additionally, police say, France was also allegedly found to be in possession of oxycodone pills. 20, 2016, in Homestead, Fla. "The France family is locked and loaded in its dedication to NASCAR ", France told SiriusXM NASCAR Radio. NASCAR was founded by France's grandfather, Bill France Sr., in 1948.
  • Iran facing worst economic CRISIS country has ever seen after Trump sanctions

    Iran facing worst economic CRISIS country has ever seen after Trump sanctions

    Finance

    He added: 'Our policy is based on a clear-eyed assessment of the Iranian dictatorship, its sponsorship of terrorism, and its continuing aggression in the Middle East and all around the world'. After months of fierce rhetoric, Trump surprised observers last week when he offered to meet with Rouhani without preconditions. Iran's economy is tanking for a number of reasons .
  • Apple is first public company worth $1 trillion

    Apple is first public company worth $1 trillion

    Finance

    Apple saw excellent numbers during its fiscal third quarter of the year, revealing strong global sales and demand for the pricey iPhone X , which helped tip revenues to a new record despite a dip in device sales. Apple has sold more than a billion iPhones. The first company to hit $100 billion in market capitalization was only able to do so 23 years ago.
  • Apple becomes 1st private company worth $1 trillion

    Apple becomes 1st private company worth $1 trillion

    Finance

    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. The Apple Watch has been the closest thing that the company has had to creating another mass-market sensation under Cook's leadership, but that device hasn't come close to breaking into the cultural consciousness like the iPhone or the iPad.
  • Harley Davidson set to ride in Royal Enfield territory

    Harley Davidson set to ride in Royal Enfield territory

    Finance

    These motorcycles will span across three different product spaces and four displacements, including an all-new adventure tourer, called the Harley-Davidson Pan America 1250, a 1250 Custom and smaller 975cc Streetfighter , all of which are slated to launch in 2020.