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Musk settlement with SEC over tweets approved by US Judge

Funding secured , " Musk said in the tweet . He agreed to step down as chairman of the company , and he and Tesla must now pay $20m in fines within 14 days. The settlement has been approved by U.S. District Judge Alison Nathan in Manhattan. Musk replied to a Financial Times tweet without elaborating.

Netflix eases Wall Street worries with record quarter

Further, it issued aggressive guidance for Q4 2018, saying it expected an additional 9.4 million subscribers. Subscriber additions: 7 million total. "We don't believe in 'open-ended growth stories.' But, darn, (Netflix) is about as close to one as you can find in today's market", RBC analyst Mark Mahaney said in a note.

Turkey, Saudi leaders hold phone talk on missing journalist

This time, however, it acknowledged for the first time that Saudi Arabia was accused of killing Mr Khashoggi . Later at the White House, he reiterated that there would be "powerful consequences" for Saudi Arabia. Prince Khaled al-Faisal, a senior member of Saudi Arabia's ruling family and senior adviser to King Salman , has met with Erdogan to discuss Khashoggi's disappearance, two sources with knowledge of the matter told Reuters without providing details.

International Monetary Fund slashes global growth forecasts

The ongoing trade war between the US and China could start having material effects on the economies of both countries within the coming years, according to new projections from the International Monetary Fund (IMF). Not only have some downside risks that the last World Economic Outlook identified been realised, the likelihood of further negative shocks to our growth forecast has risen.

Michael strengthens into a hurricane, menaces Florida

They cited outside crews, unfamiliar with the city-owned utility system, could present "safety" issues, according to a report from Politico Florida's Matt Dixon published on September 7, 2016. The storm was centered about 50 miles (80 kilometers) off the western tip of Cuba, and about 140 miles (220 kilometers) east-northeast of Cozumel, Mexico .

'Austerity is over': spending on public services to rise, says May

And following Boris Johnson's rallying cry to chuck May's Chequers Brexit deal, she was under the compulsion, more than ever, to unite a warring party, a warring Parliament and a warring country. But Wednesday's speech seemed to have gone down well among the party faithful. The Prime Minister referred to the National Health Service 14 times, compared with 11 direct mentions of Brexit .

European Union trade chief defends Freeland after Trump trash-talks 'Canada's negotiator'

Trump said he was very unhappy with "the negotiations and negotiating style of Canada", and that he turned down a recent one-on-one with Trudeau because Canadian tariffs are too high. -Mexico deal. The U.S. president stayed seated as he extended his hand for a cursory handshake. He lauded U.S. Trade Representative Bob Lighthizer's negotiating then turned back to Canada.

Michael Kors reportedly buying Italy's Versace for $2 Billion

Just a year ago the handbag designer purchased British shoe label Jimmy Choo for $1.7 billion AUD. Tapestry , formerly Coach, owns Stuart Weitzman and past year it acquired Kate Spade. Versace had planned to float the company on the stock market but put the plans on hold owing to unfavourable conditions. While she has since recovered and still runs Versace , the company is only modestly profitable, generating about $18 million in profits on $822 million in sales previous year.

Coca-Cola May Foray Into Cannabis-Infused Drinks

It is believed to have anti-inflammatory, anti-nausea, anti-seizure effects , and because it doesn't make the user intoxicated, CBD products are marketed as having some of the benefits of cannabis without the intoxication. Talk of a wellness beverage is reminiscent of Coca-Cola's 1880s roots as an elixir infamously containing a dose of cocaine derived from coca leaves, an ingredient phased out of the drink more than a century ago.

Apple warns that Trump China tariffs will mean higher prices

In its letter , Apple argued that the way US trade officials calculate the USA trade balance - attributing the entire value of a product to a country like China where final assembly happens - fails to reflect the true value that Apple generates in the United States .

Elon Musk Smokes Weed, Talks Electric Plane Designs on Joe Rogan Podcast

Bloomberg also reported Tesla's Chief People Officer Gaby Toledano was to leave the company just over a year after joining. Tesla shares fell more than 6 percent on Friday, after top executives resigned and CEO Elon Musk appeared to smoke pot in a video .

What A New NAFTA Deal Might Mean For The Auto Industry

She said officials will meet late into the night to review additional issues, and the ministers will resume talks Thursday, noting that "all sides are committed to doing what it takes to get a good deal". "We are making good progress". Last week, U.S. President Donald Trump announced he had reached a bilateral trade agreement with Mexico that would replace the three-country NAFTA.

Trump says 'incredible deal' reached with Mexico on trade

The hope is to have a deal for Mexican President Enrique Pena Nieto to sign before he leaves office, and the more left-leaning Andres Manuel Lopez Obrador takes over as president. In terms of intellectual property, the agreement extends the same copyright protection that USA creators have at home into the Mexican market. The U.S.

All the President's Men Are Flipping on Donald Trump

In February 2017, Cohen sent "Executive-1" an invoice seeking two monthly payments of $35,000 "pursuant to [a] retainer agreement, " according to court documents. Trump Foundation. An attorney for Cohen didn't immediately respond to a request for comment. Cohen, the Journal reported, was likely referring to creating a shell company to make a payment in return for silence, presumably regarding former Playboy model Karen McDougal .

Federal Reserve signals September interest rate 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 U.S. US stocks fluctuated and the dollar fell following the report. "I'm not thrilled", Trump said in the interview, referring to Powell. Powell, a Republican, supported former Fed Chair Janet YellenJanet Louise YellenTrump attacks pose new test for Fed chief Trump criticizes Fed for rate hikes in break with ...

Turkey ready to respond if USA imposes more sanctions

Escalating tensions on trade between the United States and some of its largest trading partners had driven traders to sell emerging market currencies and take to the safety of the US currency. The United States sanctioned Justice Minister Abdulhamit Gul and Interior Minister Suleyman Soylu, blaming both for being involved Brunson's arrest and detention.

Threat of new US sanctions puts pressure on fragile lira

The lira's collapse has plunged the entirety of the emerging market space into chaos, with contagion causing the likes of the South African rand, the Argentine peso, and the Indonesian rupiah, to slump in response . He said Turkey has no plans to ask for International Monetary Fund for support with the falling lira. Turkey's finance chief tried to reassure thousands of global investors on a conference call Thursday, in which he pledged to fix the economic troubles.

Qatar pledges $15bn of direct investments in Turkey - Ankara

The Turkish lira has dropped to record lows in recent weeks, having fallen some 42 per cent this year. Turkey's currency, the lira, bounced back sharply Wednesday morning, falling back below six per dollar . The emir of Qatar also arrived in Turkey on Wednesday on a "working" visit aimed at strengthening mutual cooperation. Bar owner Burhan Coban said consumer and distributor prices for American whiskey are the same, for now, despite the currency plunges and the new Turkish tariffs.

Tesla: Musk's tweet a bridge too far?

Here are some of the key events in Tesla Inc's turbulent history as a public company. But there is one major factor that gives this rumor some credibility: the fact that Saudi Arabia under Crown Prince Mohammad bin Salman bin Abdulaziz Al Saud, known to many as simply MbS, is very keen on his country shedding its oil revenue dependency.

What impact will U.S. sanctions on Iran actually have?

The officials accuse Iran's rulers of being the biggest funders of terrorism in the world, supporting dictators, and playing a destabilizing role in the Middle East. The European Union has launched an attempt to protect European businesses from Donald Trump's sanctions on Iran as the U.S. administration voiced its intent to apply "maximum pressure" on Tehran by vigorously applying its punitive measures.