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Monthly Archives: December 2018

Tesla cuts Model 3 prices in China

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.  Tesla has slashed prices on its Model 3 electric car in China. According to the California-based electric carmaker’s Chinese website, prices …

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Elon Musk says Tesla to pay customers for missed tax credits

Patrick T. Fallon | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. Tesla chief executive Elon Musk said the electric car company will reimburse customers if delays to car deliveries cause them to miss out on a significant tax credit. Under a major tax …

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UK police admit there’s a possibility there was no drone

Athanasios Gioumpasis | Getty Images Passengers stranded at Gatwick wait for updates on their travel options on December 20, 2018. It led to three days of travel chaos and 1,000 flights being canceled or diverted, but police in the U.K. have said there’s a chance no actual drone infringed on …

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China is reportedly considering law against forced tech transfers

Feng Li | Getty Images News | Getty Images A general view shows the headquarter of China Central Television amid the Beijing skyline at central business district on August 3, 2013 in Beijing, China. China is reportedly considering a new law on foreign investment that would emphasize the illegality of …

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Charts declare bear market, say correction could last until next June

Bank of America-Merrill Lynch sees stocks struggling through the first half of 2019. Stephen Suttmeier, the firm’s chief equity technical strategist, is building his case with two S&P 500 charts. They suggest stocks are in the throes of a bear market and the correction is deepening. “We are breaking through …

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Trump never said he would fire Fed Chairman Powell

Jim Watson | AFP | Getty Images US Federal Reserve Board Chairman Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington, DC, December 19, 2018. President Donald Trump is adamantly opposed to the Federal Reserve’s rate hike campaign, but has never suggested firing Fed …

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Trump’s special envoy to defeat ISIS resigns after Syria decision

Delil Souleiman | AFP | Getty Images A picture taken on April 2, 2018 shows a general view of a US military base in the al-Asaliyah village, between the city of Aleppo and the northern town of Manbij. Brett McGurk, the special envoy for the global coalition to defeat Islamic …

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Watch out, market volatility could make you a target for scammers

Jin Lee | Bloomberg | Getty Images Bernard Madoff, founder of Bernard L. Madoff Investment Securities, leaves federal court in New York on Tuesday, March 10, 2009. Since the arrest of former investment advisor Bernie Madoff for fraud 10 years ago, many protections for investors have been put in place. …

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A Deutsche Bank economist put together a list of things investors should worry about

Torsten Slok, chief international economist at Deutsche Bank, has listed all the risks to look out for with the markets in 2019. And his list goes to 30. Investors already have plenty to worry about — from the Federal Reserve’s monetary policy to an extended government shutdown to the trade …

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Canada’s Warren Buffett is a 90-year-old former used-car salesman

Bloomberg | Bloomberg | Getty Images Jim Pattison, chief executive officer and founder of Jim Pattison Group Inc., pumps gas into a pickup truck during a tour of his holdings near Russell, Manitoba, Canada, on Tuesday, Sept. 18, 2018. Jim Pattison may not be a household name but the third …

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