Home / 2018 / May (page 21)

Monthly Archives: May 2018

Tesla is shutting down Model 3 production for six more days

Salwan Georges | The Washington Post | Getty Images Tesla’s new Model 3 at the Tesla store in Washington, D.C. Tesla has been struggling to find solutions to manufacturing bottlenecks on the new assembly line that produces the Model 3, a sedan intended for volume production. An over-reliance on robots …

Read More »

India vote boosts Prime Minister Modi’s party, BJP gains in Karnataka

Manjunath Kiran | AFP | Getty Images Indian Prime Minister Narendra Modi gestures to supporters during an election campaign rally in Bangalore on May 3, 2018. India’s Nifty 50 stock exchange gained 0.9 percent on a suspected BJP win earlier in the day, but pulled back on the instability to …

Read More »

Oil prices have rebounded since OPEC refused to cut output in 2014

Oil prices have come full circle from a historic implosion 3½ years ago sparked by OPEC’s decision on Thanksgiving Day to take a hands-off approach to a global supply glut. Brent crude, the international benchmark for oil prices, ended Monday’s session at $78.23 barrel, the highest closing level since Nov. …

Read More »

WTO rules that EU failed to remove all Airbus subsidies

Christophe Archambault | AFP | Getty Images An Airbus A380 performs a flying display during the International Paris Air Show in Le Bourget outside Paris on June 22, 2017. The World Trade Organization ruled on Tuesday the European Union had ignored requests to halt all subsidies to Airbus, prompting the …

Read More »

US hits head of Iran’s central bank with terror sanctions

Drew Angerer | Bloomberg | Getty Images Valiollah Seif, governor of Iran’s central bank. The Trump administration is designating the head of Iran’s central bank as a terrorist and hitting him with sanctions intended to further isolate Iran from the global financial system. The Treasury Department accuses Valiollah Seif of …

Read More »

Here are the top legalized sports betting stock picks— including Boyd Gaming — from Bank of America

Tami Pope | Icon Sportswire | Corbis via Getty Images Merchandise for the Kobalt 400 and Boyd Gaming 300 at Las Vegas Motor Speedway in Las Vegas, NV. The Supreme Court’s ruling on sports gambling Monday will significantly boost the sales of several gaming-related companies, according to Bank of America …

Read More »

What China expects in trade talks with the Trump team this week

Qilai Shen | Bloomberg | Getty Images Liu He, China’s vice premier attends a news conference at the Great Hall of the People in Beijing, China, on Tuesday, March 20, 2018. The deficit depends on who is buying what and is not entirely within their control, and he pointed out …

Read More »

Fed’s Kaplan sees US inflation rising but not ‘running away’

Mary Catherine Wellons | CNBC Robert Kaplan, president and CEO of the Federal Reserve Bank of Dallas. U.S. inflation is rising toward the Federal Reserve’s 2 percent goal while not accelerating enough to suggest the economy is overheating, Dallas Federal Reserve President Robert Kaplan said on Tuesday. Inflation is approaching …

Read More »

Turkey’s economy is entering a ‘slow burning crisis,’ analysts warn

Mikhail Svetlov | Getty Images Turkish President Recep Tayyip Erdogan speaks during Russian-Turkish-Iranian talks at Black Sea resort of Sochi, Russia, November 22, 2017. Turkey’s economy is overheating and if the government doesn’t act then the country is in trouble, according to several analysts. “The government has no intention of …

Read More »

Amazon is moving into blockchain with a new partnership

Christophe Morin | Bloomberg | Getty Images Attendees stand near Amazon.com Web Services signage during the Station F startup campus launch party in Paris, France, on Thursday, June 29, 2017. Amazon’s cloud computing arm is looking to make it easier for customers to use blockchain with a new partnership announced …

Read More »