Home / 2018 / August (page 25)

Monthly Archives: August 2018

Oracle’s Larry Ellison says it will be hard for Amazon to use own tech

Oracle livestream screenshot Oracle chief technology officer Larry Ellison speaks at a company event in Redwood Shores, Calif., on Aug. 7, 2018. Larry Ellison, Oracle’s billionaire co-founder and chairman, said it will be difficult for Amazon to rely exclusively on its own database technologies. Referring to CNBC’s report last week …

Read More »

Tesla has busiest trading day since 2014 

Robyn Beck | AFP | Getty Images SpaceX, Tesla and The Boring Company founder Elon Musk speaks at the 2018 SpaceX Hyperloop Pod Competition, in Hawthorne, California on July 22, 2018.  Even after an extended trading delay, Tesla had its busiest day on the stock market since 2014. Some 30.4 …

Read More »

Turkish lira, 10-year bond hit record lows amid US sanctions threat

The Turkish lira and benchmark sovereign bond hit a record low as the threat of U.S. sanctions added pressure to already ailing markets. The U.S. dollar rose to 5.4 against the lira on Monday before trading around 5.29 on Tuesday. Turkey’s 10-year bond fell to a record low on Tuesday, …

Read More »

Elon Musk says he has no intention ‘to merge SpaceX and Tesla’

Patrick T. Fallon | Bloomberg | Getty Images Elon Musk, CEO of Space Exploration Technologies Corp. Elon Musk, chief executive of both publicly traded Tesla and privately held SpaceX, said in a blog post Tuesday he does not have any intention “to merge SpaceX and Tesla.” The serial entrepreneur’s comments …

Read More »

Russia and China are not our friends

Sergei Karpukhin | Reuters Russian President Vladimir Putin (R) shakes hands with his Chinese counterpart Xi Jinping during a signing ceremony following the talks at the Kremlin in Moscow, Russia July 4, 2017. HUNTSVILLE, Ala. — America’s top nuclear commander warned Tuesday that Russia and China are not “our friends” …

Read More »

Fetus found on an American Airlines plane; medical examiner is investigating

Digital First Media Group/Orange County Register via Getty Images | Digital First Media | Getty Images An aerial view of an American Airlines jet preparing to takeoff. New York officials are investigating what they said appeared to be a fetus that was found on an American Airlines jet that landed …

Read More »

Elon Musk’s tweet about going private costs Tesla short-sellers more than $800 million

Investors betting against Tesla lost more than $800 million after a tweet from CEO Elon Musk verified account which mentioned taking the company private, according to estimates from financial technology firm S3 Partners. Tesla shares rose 7.4 percent Tuesday, meaning short sellers are losing $884 million in mark-to-market losses, according …

Read More »

Tenet shares dive as company reveals Conifer sale still in process

Tenet Healthcare shares deepened losses in Tuesday trading after the company announced during its second-quarter earnings call it is still working to offload its subsidiary Conifer Health Solutions. The for-profit hospital operator, which is in the middle of a cost-reduction plan, said it would make a decision in the first …

Read More »

Tesla shares jump on report Saudi Arabia sovereign wealth fund has $2 billion stake

VCG/VCG | Getty Images A Tesla Model 3 car is on display during the Auto China 2018 at China International Exhibition Center on April 25, 2018 in Beijing, China. Saudi Arabia’s sovereign wealth fund has acquired a significant position in Tesla shares, according to a Financial Times report. The media …

Read More »

Kroger explores options for Turkey Hill ice cream brand

Paul Taggart | Bloomberg | Getty Images Packages of vanilla ice cream move along a conveyer belt at Turkey Hill LP’s production facility in Contestoga, Pennsylvania. Kroger said on Tuesday it is exploring options, including a potential sale, of its Turkey Hill ice cream brand, the latest of its efforts …

Read More »