Money

Erdogan vows action against 'economic terrorists' over lira plunge

Erdogan vows action against 'economic terrorists' over lira plunge Experts have blamed the sharp slide in the lira on fears the country is descending into an economic crisis . The State Department says it respects the election result. Investors in lira are also concerned about Turkey's internal monetary policy. Last Friday, President Donald Trump said he has authorised the doubling of steel and aluminium tariffs "with respect to Turkey ". [Full Article...]

Erdogan vows Turkish economy will grow strongly

Erdogan vows Turkish economy will grow strongly The moves stem from Trump's frustration over a detained American pastor held by Turkey on what USA officials say are bogus charges, two sources with knowledge of the President's mind-set tell CNN. But President Erdogan brushed off any concerns during a speech in the northeastern city of Bayburt on Friday, saying: 'The dollar can not block our path. [Full Article...]

McDonald's new McGold Card contest offers winners free food for life

McDonald's new McGold Card contest offers winners free food for life No matter how you might feel about McDonald's , the chance to get free McDonald's for life is a hell of a deal. "The McGold Card isn't some bedtime story, it's real", Ancient Aliens co-executive producer and "Ancient Astronaut Theorist" Giorgio Tsoukalos assures viewers as a brief clip of Bigfoot running with the coveted card is shown. [Full Article...]

Turkey's Erdogan Stands by Opposition to High Interest Rates

Turkey's Erdogan Stands by Opposition to High Interest Rates Turkish President Tayyip Erdogan yesterday said it was wrong of the United States to try to bring Turkey into line with threats, a day after US President Donald Trump doubled tariffs on metal imports from Turkey as the row between the two North Atlantic Treaty Organisation allies deepened. [Full Article...]

Wall St set to open lower as trade tensions escalate

Wall St set to open lower as trade tensions escalate Aug 9 (Reuters) - The Dow and the S&P 500 were little changed, while the Nasdaq was firmly higher, propped up by the high-flying technology trio of Apple , Amazon and Microsoft. The Nasdaq Composite dropped 57.07 points, or 0.72 per cent, to 7,834.71 at the opening bell. Seven of the 11 major S&P sectors were lower. Tribune shares rose 2.9 percent. [Full Article...]

Erdogan tells Turks to buy plunging lira as Trump turns the screws

Erdogan tells Turks to buy plunging lira as Trump turns the screws The White House cited national security grounds as the means by which Mr Trump had authorised a 50% steel tariff and 20% aluminium tariff on Turkey. Turkey sent a delegation to Washington to discuss the trade crisis, but returned with no clear solution, sparking concerns of a widening rift between the nation and the US. [Full Article...]

Tesla (TSLA) Stock: Next Stop, $420? Weed Smokers Say Yes!

Tesla (TSLA) Stock: Next Stop, $420? Weed Smokers Say Yes! Musk's tweet halted trading of the company's shares on Tuesday afternoon for 92 minutes, leaving Tesla investors in a frenzy. Musk announced his plan on his personal Twitter account on Tuesday, and the U.S. Musk is CEO and chairman of Tesla. If we turn to the Street in general, we can see that Wall Street has a neutral point of view on Tesla, with TipRanks analytics exhibiting TSLA as a Ho... [Full Article...]

Here's why Elon Musk wants Tesla to go private

At $420 a share, a buyout of Tesla would cost about $71 billion. Second, my intention is for all Tesla employees to remain shareholders of the company, just as is the case at SpaceX. He said wild swings in the stock price are a "major distraction" to workers and that being public "puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily rig... [Full Article...]

NASCAR Chairman Brian France Arrested For DUI, Drug Possession

NASCAR Chairman Brian France Arrested For DUI, Drug Possession During the traffic stop, police determined France was operating his vehicle "in an intoxicated condition, Drake said". Officers saw indications of intoxication and found the pills during a subsequent search, police said. ESPN published this statement from NASCAR: "We are aware of an incident that occurred last night and are in the process of gathering information". [Full Article...]

Renewed U.S. sanctions target Iran's economy, Tehran cool on talks

Renewed U.S. sanctions target Iran's economy, Tehran cool on talks The United States intends to fully enforce sanctions due to be reimposed against Iran early this week on orders from U.S. President Donald Trump , Secretary of State Mike Pompeo said on Sunday. Those target Iran's automotive sector as well as gold and other metals. Hemmati told state TV late Sunday that "money exchangers are allowed to sell and buy foreign currencies" once again, to improve a... [Full Article...]

Apple Becomes World's 1st Private-Sector Company Worth $1 Trillion

Apple Becomes World's 1st Private-Sector Company Worth $1 Trillion Last year, sales had risen to $229bn and profits to $48.4bn, making it the most profitable public-listed U.S. company. While Apple is without any doubts ahead of other US-based high-tech companies in terms of market cap, it is not the world's most expensive firm per se. [Full Article...]

McDonald’s launches ‘MacCoin’ - but it’s really just a coupon

McDonald’s launches ‘MacCoin’ - but it’s really just a coupon The McDonald's MacCoin is part of a new promotional event being held by the fast food company to celebrate the Big Mac's 50th anniversary. McDonald's will give away more than 6 million MacCoins as a part of this promotion, and there will be five different designs, paying homage to each decade of the Big Mac's existence. [Full Article...]

New electric motorcycles, e-cycles coming to Harley-Davidson lineup

New electric motorcycles, e-cycles coming to Harley-Davidson lineup Harley, known for its car-alarm triggering engine rumble, will roll out an electric motorcycle called LiveWire next year, with no clutch and no gears. He did, however, say that his company needs to "deal with what we have to deal with". Already affected by the Trump administration's 25% tax on steel and aluminum exported from the European Union, the Wisconsin-based company announced in June it... [Full Article...]

British diplomat refers to Chinese wife as Japanese in Beijing

British diplomat refers to Chinese wife as Japanese in Beijing China and Japan have shared a love-hate relationship for at least 1,500 years, since China was an empire that considered its neighbor to be a semi-vassal state. Negotiators want to strike an agreement on Britain's divorce from the trading bloc - set for 29 March 2019 - within the next three months, ideally before a European summit in mid-October. [Full Article...]

European Union and U.S. partners not enemies, Juncker tells Trump

European Union and U.S. partners not enemies, Juncker tells Trump Trump and Juncker would have the European Union buying more liquefied natural gas and soybeans from the USA, and the two sides would begin a "dialogue to reduce differences on regulatory standards between the two economies", Mr. USA prices have fallen somewhat in recent weeks, since China enacted its own set of soybean tariffs. Whatever progress was achieved Wednesday could provide some relief... [Full Article...]

Amazon Delivers Record Q2 Profit, While Sales Miss Wall Street Forecasts

Amazon Delivers Record Q2 Profit, While Sales Miss Wall Street Forecasts Analysts are generally expecting earnings-per-share of $2.48 on revenues of $53.47 billion - up from a disappointing earnings-per-share of $.40 on revenues of $37.96 billion during the same period a year ago. According to the research firm eMarketer , Amazon's e-commerce revenue will grow more than 28 per cent this year to reach US$394 billion, and will account for 49 per cent of USA online... [Full Article...]

Social media companies continue to get slaughtered on Wall Street

Social media companies continue to get slaughtered on Wall Street Allegations of Russian meddling within the 2016 US election by spreading deceptive or divisive content material over social media have made the difficulty of bettering management over accounts and content material vital for Twitter . Announcing Q2 results , the company reported slightly better than expected revenues of $711 million and mostly in-line earnings of $0.17 per share. [Full Article...]

$543M jackpot Mega Millions winning Lotto ticket sold in San Jose

$543M jackpot Mega Millions winning Lotto ticket sold in San Jose The winning ticket was purchased at Ernie's Liquors and comes with a one-time cash option of $308 million (£234m). The Mega Millions pot, which increased by $10 million a few hours before the 11 p.m. Statistically, you have a one in 259 million chance of winning the Mega Millions jackpot . The game is played in 44 states, including MI. Census data on 2015 lottery ticket sales by state show ... [Full Article...]

Facebook CEO Zuckerberg loses $16b in 5 minutes

Facebook CEO Zuckerberg loses $16b in 5 minutes The stock plunged 19 percent in early trading Thursday, eradicating well in excess of $100 billion in market value. The stock plunge would wipe about $124 billion off the company's value, or almost four times the entire market capitalization of Twitter Inc. [Full Article...]

USA campaign against Iran is having an impact: Mike Pompeo

USA campaign against Iran is having an impact: Mike Pompeo The Iranian commander, who previously called United States soldiers in Iraq pants-pissing wimps during a visit to Syria, said: "Have you forgotten that you were providing your soldiers with adult nappies and today you are threatening us?" Soleimani called Trump a "gambler" and said his language belongs in "nightclubs". [Full Article...]


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