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Monthly Archives: June 2018

Shorts against Tesla’s stock lose more than $1 billion

Source: Ihor Dusaniwsky, Head of Predictive Analytics at S3 Partners Chairman and CEO Elon Musk got a vote of confidence from shareholders at the company’s annual meeting Tuesday. Musk also told shareholders it is “extremely likely” Tesla will hit a weekly Model 3 production rate of 5,000 cars by the …

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Alphabet shares fall after report says Brussels will hit the company with a penalty over Android

Stephen Lam | Reuters Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Shares of Alphabet are dropping after a report that European Union officials will hit the company with a fine of up to $11 billion for …

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Defense Secretary Mattis reads this book to prepare for potential Korean conflict

Department of Defense photo U.S. Marines move forward after effective close-air support flushes out the enemy from their hillside entrenchments in North Korea. Mattis, who kept a personal collection of 7,000 books before retiring as a four-star general, attributes his success on the battlefield to reading. “We have been fighting …

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JP Morgan loves the prospects for this obscure part of the tech sector

David Paul Morris | Bloomberg | Getty Images A technician checks on a stack of wafers at the Applied Materials Inc. facility in Santa Clara, California. Investors should expect strength in semiconductor equipment manufacturers through 2019, according to J.P. Morgan, as demand for chips goads companies like Applied Materials and …

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Cambridge Analytica did receive data from researcher in Facebook storm, ex-chief says

Joshua Bright | The Washington Post | Getty Images Cambridge Analytics CEO, Alexander Nix Cambridge Analytica did receive data from the researcher at the centre of a scandal over Facebook data, the political consultancy’s former chief executive told British lawmakers on Wednesday, contradicting his previous testimony. Cambridge Analytica has said …

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SEC Chairman Clayton says agency won’t change definition of a security

The head of the Securities and Exchange Commission made it clear Wednesday that the agency won’t bend the rules for cryptocurrency when it comes to defining what is or what isn’t a security. “We are not going to do any violence to the traditional definition of a security that has …

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Oil prices sink after surprise rise in US crude stockpiles

Marco Bello | Reuters A woman walks past a mural with the corporate logo of the state oil company PDVSA in Caracas, Venezuela November 3, 2017. Oil prices fell sharply on Wednesday after government data showed U.S. crude stocks rose surprisingly last week as refineries hiked output and the nation …

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India central bank raises policy rate, maintains ‘neutral’ stance

Punit Paranjpe | AFP | Getty Images An Indian policeman stands guard at the entrance of the Reserve Bank of India (RBI) head office in Mumbai on October 4, 2017. India’s central bank on Wednesday raised its policy rate for the first time in more than four years, due to …

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No women at all in Forbes’ top 100 highest paid athletes list for 2018

Gonzalo Fuentes | Reuters Serena Williams of the U.S. in action in the French Open, June 2, 2018. There are no women at all in Forbes’ latest estimate of the world’s 100 highest-paid athletes. Last year, tennis star Serena Williams was the only woman to make the ranking, but the …

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Donald Trump softens tone on North Korea

Olivier Douliery | Pool | Getty Images US President Donald Trump speaks with Kim Yong Chol, outside the Oval Office of the White House on June 1, 2018. Immediate denuclearization has long been Washington’s stated goal on nuclear diplomacy with Pyongyang. But now that President Donald Trump has noticeably softened …

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