Nvidia shares slide ahead of earnings

That's what happened today, when the Santa Clara, California-based company reported its fiscal second-quarter results and said revenue from cryptomining systems dropped to nearly zero. Nvidia's stocks are now 4.8% down at the time of writing. ... More..

by | Published 1 hours ago
Explainer: It will be tough for Trumps SEC to overhaul reporting rules
by | Sunday, August 19, 2018

Explainer: It will be tough for Trumps SEC to overhaul reporting rules

Tesla Inc Chief Executive Elon Musk stunned investors last week by announcing a plan to take the electric carmaker private, a move he says would benefit shareholders by removing short-term pressures associate...More..

Google's Staff Are Protesting Its 'Secret' Censored Search Engine For China
by | Sunday, August 19, 2018

Google's Staff Are Protesting Its 'Secret' Censored Search Engine For China

Google did not respond to a request for comment from The Washington Post. Employee anger flared with a report this month in The Intercept that Google is secretly building a search engine that will filt...More..

SEC action against Musk 'substantially likely,' a former commissioner says
by | Saturday, August 18, 2018

SEC action against Musk 'substantially likely,' a former commissioner says

On Monday, Musk said in a statement that he used the phrase "funding secured" because he believed there was "no question" Saudi Arabia's Public Investment Fund would provide funding for a deal to convert Tesl...More..

Elon Musk Tears Up over Tesla Turmoil, 'No Sleep or Ambien'
by | Saturday, August 18, 2018

Elon Musk Tears Up over Tesla Turmoil, 'No Sleep or Ambien'

Last week, Musk tweeted that he was " considering taking Tesla private at $420". The paper said the swashbuckling CEO of the electric auto company choked up at times during the interview as he talk...More..

Bold statements fuel U.S.-Turkey feud over arrested pastor
by | Saturday, August 18, 2018

Bold statements fuel U.S.-Turkey feud over arrested pastor

The US has threatened to impose more economic sanctions on Turkey if it does not free a detained American pastor. A high court in Izmir said on Friday Brunson would stay under house arrest , upholding a deci...More..

JAILED PASTOR: US threatens more sanctions on Turkey
by | Saturday, August 18, 2018

JAILED PASTOR: US threatens more sanctions on Turkey

Asian stocks however rallied after a positive lead from Wall Street overnight, with dealers cautiously optimistic about upcoming US-China trade talks - although worries festered over the future for emerging ...More..

Turkish lira weakens as U.S. warns of new sanctions over detained pastor
by | Friday, August 17, 2018

Turkish lira weakens as U.S. warns of new sanctions over detained pastor

A Turkish court in western Turkey's Izmir province on Friday rejected a third appeal for terror-linked USA pastor Andrew Craig Brunson's release. It also rejected an appeal for his travel ban to be lifted. Th...More..

Turkish firms cancel iPhone orders amid U.S. products boycott
by | Friday, August 17, 2018

Turkish firms cancel iPhone orders amid U.S. products boycott

A senior U.S. official told CNN that in exchange for Turkey's release of Brunson, Israel agreed to release Ebru Ozkan, a 27-year-old Turkish woman held in Israel on suspicion of aiding Hamas, the Palestinian mi...More..

Russian Federation says dollar's days numbered as global trade currency
by | Friday, August 17, 2018

Russian Federation says dollar's days numbered as global trade currency

He also called on the U.S.to drop its "erroneous position on sanctions imposed on Turkey". Last week United Nations humanitarian adviser Jan Egeland said that Turkey, Russia and Iran had all agreed to "do the...More..

China unperturbed by trade war at the street level - Reuters Poll
by | Friday, August 17, 2018

China unperturbed by trade war at the street level - Reuters Poll

China filed a complaint with the WTO to help determine the legality of the USA policies, saying they not only harm China's rights but also undermine the WTO's authority, according to Reuters . China has tried ...More..

Turkish finance chief tries to reassure investors on crisis
by | Friday, August 17, 2018

Turkish finance chief tries to reassure investors on crisis

The US leader authorised the implementation of sharp tariffs on imports of aluminium and steel from Turkey last Friday. Qatar said it would provide "a host of economic projects, investments and deposits...More..

Turks film themselves smashing iPhones amid US-Turkey trade war
by | Thursday, August 16, 2018

Turks film themselves smashing iPhones amid US-Turkey trade war

Retail investors in Turkey are understood to have sold $50m (£39m) to $60m in foreign currency with the jump in the lira exaggerated by thin trading volumes, according to Bloomberg . It was unclear how Erdo...More..

China, US look to diffuse trade conflict; talks slated late August
by | Thursday, August 16, 2018

China, US look to diffuse trade conflict; talks slated late August

Trade Representative was not involved and the talks will occur between lower-level officials. The Chinese Commerce Ministry announced Thursday that a delegation will travel to the United States later this mon...More..

Qatar pledges $15 billion of investment in Turkey
by | Thursday, August 16, 2018

Qatar pledges $15 billion of investment in Turkey

In one of the videos circulating online in Turkey , which have been picked up by the country's online news organizations, an unidentified man with four boys kneeling behind him in front of a Turkish flag, ad...More..

Tencent Reports Rare Profit Drop As Gaming Unit Falls Under Regulatory Scrutiny
by | Thursday, August 16, 2018

Tencent Reports Rare Profit Drop As Gaming Unit Falls Under Regulatory Scrutiny

Tencent's shares were down 3.44% on Wednesday, following a more than 3% fall on Tuesday. The Chinese tech conglomerate said that its net income for the three months that ended in June was 17.9 billion yuan (...More..

Turkey's economy plummets amid U.S. sanctions
by | Thursday, August 16, 2018

Turkey's economy plummets amid U.S. sanctions

Tariffs on American cars doubled to 120 percent while tariffs on alcoholic drinks increased to 140 percent. On Wednesday, Turkey increased tariffs on United States cars, alcohol and cigarettes, after President ...More..

Retail inflation cools to 4.17% in July; pulses, vegetable prices eases
by | Thursday, August 16, 2018

Retail inflation cools to 4.17% in July; pulses, vegetable prices eases

Inflation rose last month, largely due to higher transport costs, new official figures show. Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics, said a pick-up in the cost of recreational...More..

by | Thursday, August 16, 2018

US Condemns Turkey's New 'Regrettable' Tariffs

The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey if Ankara frees a USA pastor, as Qatar pledged US$15 billion in investment to Turkey, suppo...More..

Turkish courts release detainees but reject USA pastor's appeal
by | Wednesday, August 15, 2018

Turkish courts release detainees but reject USA pastor's appeal

It recovered a bit, by four per cent to around 6.12 lira per USA dollar Wednesday, after the government took steps to shore up the currency by reducing the daily limit in bank foreign currency swap transactions...More..

Turkey to raise tariffs on U.S. goods
by | Wednesday, August 15, 2018

Turkey to raise tariffs on U.S. goods

The row with Washington has helped drive the lira to record lows, with the currency losing more than 40 per cent of its value against the dollar this year, prompting central bank liquidity moves to support it...More..

Oil tumbles as much as 2% as Oklahoma crude piles up
by | Wednesday, August 15, 2018

Oil tumbles as much as 2% as Oklahoma crude piles up

US light crude was up 90 cents at $68.10. Also on Monday, a monthly OPEC report showed oil production in Saudi Arabia unexpectedly fell last month from June. Moreover, looming concerns over slowing global eco...More..

Turkey is boycotting iPhones, but it hurts Turkey more than Apple
by | Wednesday, August 15, 2018

Turkey is boycotting iPhones, but it hurts Turkey more than Apple

Erdogan said the nation of 80 million people would stop buying American electronics, condemning the "explicit economic attack" against his country. Apple, iPhone, and iPad are trademarks of Apple Inc., regist...More..

Goldman, Silver Lake Advice Tesla On Going Private Plan
by | Tuesday, August 14, 2018

Goldman, Silver Lake Advice Tesla On Going Private Plan

The billionaire says the Saudis have been pushing him to take Tesla private for nearly two years, promising to back him up should he make this decision. "I'm excited to work with Silver Lake and Goldman Sachs",...More..

Erdogan: Turkey Will Target U.S. Electronics in Boycott Response
by | Tuesday, August 14, 2018

Erdogan: Turkey Will Target U.S. Electronics in Boycott Response

The top US diplomat in Turkey has called for the cases against an American pastor and others held in Turkey to be resolved "without delay" and in a "fair and transparent manner". He is facing 35 years in a ...More..

Firefighters Make Gains Against California Fires
by | Tuesday, August 14, 2018

Firefighters Make Gains Against California Fires

The vast majority of the fire - 65,460 acres - has torn through the Sierra National Forest, making it the largest fire in the forest's history, U.S. The River Fire has stay the same size, at 48,920 acres, for...More..

Rupee breaches the 70 mark: How it's bad, and how it's good
by | Tuesday, August 14, 2018

Rupee breaches the 70 mark: How it's bad, and how it's good

The Indian rupee on Tuesday morning fell to a record low of 70 against the USA dollar. The currency crisis has been observed across Asian markets, causing a weakening in domestic equities, sparked majorly...More..

Erdogan under pressure as Turkish lira plunges to record low
by | Tuesday, August 14, 2018

Erdogan under pressure as Turkish lira plunges to record low

Asian markets fell overnight, while European markets were slightly lower. Still, in a sign that investors are still trying to work through the implications of Turkey's meltdown, the rupee hit the 70-per d...More..

Horizon Air Q400 Hijacked from Seattle
by | Tuesday, August 14, 2018

Horizon Air Q400 Hijacked from Seattle

The plane eventually crashed on sparsely populated Ketron Island , starting a fire in the woods and killing Russell. White House Press Secretary Sarah Huckabee Sanders said Saturday morning that Presiden...More..

Turkey takes action in bid to curb currency crisis
by | Monday, August 13, 2018

Turkey takes action in bid to curb currency crisis

As the lira plunged another seven percent in value, investors fretted over potential economic contagion from Turkey , particularly to European banks. U.S. State Department spokesperson Heather Nauert said on T...More..

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