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Economy

Tesla previously stated a late 2019 production goal for the Model Y , but it remains unclear at this point if the company will be able to hit that target. Tesla has focused on high-priced configurations, some exceeding $70,000, since the auto began rolling off assembly lines in 2017. But shareholders appeared Tuesday to affirm Musk's leadership by shooting down a proposal that could have stripped him of his role as chairman of the board.
  • Where to get a free donut Friday on National Donut Day

    Where to get a free donut Friday on National Donut Day

    Economy

    And in a promotional video featuring Shaquille O'Neal, Krispy Kreme announced that customers will get a free doughnut of their choice-no purchase necessary. Edible Arrangements: With multiple locations throughout Utah, Edible Arrangements has launched new Edible Donutsmade with Granny Smith apples, chocolate and a variety of toppings.
  • It's on - 25-per-cent steel tariff to take effect at midnight

    Economy

    The tariffs - 25 percent on steel and 10 percent on aluminum - will take effect at midnight Thursday, marking a major escalation of the trade war between the us and its top trading partners. The Commission will also immediately begin a dispute settlement with the World Trade Organisation. President Donald Trump's administration has threatened to impose tariffs on vehicle imports, is engaged in negotiations with China to reduce America's yawning trade deficit and has said it will punish ...
  • Rahul terms one paisa fuel price cut as 'prank'

    Rahul terms one paisa fuel price cut as 'prank'

    Economy

    Diesel prices are at Rs.69.3 a litre in Delhi, Rs. 71.85 a litre in Kolkata, Rs. 73.78 a litre in Mumbai and Rs. 73.17 a litre in Chennai. Fuel prices vary from state to state due to local taxes. A decision in this regard was taken at the state cabinet today. This will cause a revenue loss of Rs 509 crore annually. India's three state-run fuel retailers - IOC, BPCL (Bharat Petroleum Corporation Limited) and HPCL (Hindustan Petroleum Corporation Limited) - control most of India's fuel ...
  • Tesla in autonomous mode hits parked police vehicle

    Tesla in autonomous mode hits parked police vehicle

    Economy

    Tesla's autopilot system uses sensors, cameras, and radar to study the vehicle's surroundings and carry out automatic functions which include emergency braking. The agency is also probing the January crash of a Tesla vehicle apparently traveling in Autopilot that struck a parked fire truck. It called the naming of the Autopilot "deceptive and misleading".
  • Oil output could return to Oct'16 level, says Russia's Novak

    Oil output could return to Oct'16 level, says Russia's Novak

    Economy

    Trading at $79.80 on Wednesday, the global benchmark Brent crude fell sharply over the next two days, closing Friday trade at $76.44, driven by the prospect of an increase in supply by Russian Federation and the Organization of the Petroleum Exporting Countries (OPEC).
  • Kroger Turns to UK Online Grocer to Lift Its Digital Business

    Kroger Turns to UK Online Grocer to Lift Its Digital Business

    Economy

    The technology automates online grocery orders. Currently, the two companies are looking for suitable locations to establish three automated warehouse facilities. Ocado said its "transformative" entry into the United States market centred on sharing its technology with Kroger , which had annual sales of $122bn (£90.4bn) in 2017.
  • SpaceX Falcon 9 Ultimate Rocket Targets 99 More Launches

    SpaceX Falcon 9 Ultimate Rocket Targets 99 More Launches

    Economy

    According to SpaceX Chief Executive Elon Musk , the Block 5 is created to be "the most reliable rocket ever assembled". "That is the design intent", he said. SpaceX engineers may squeeze another 2 percentage of extra thrust from their very first phase, plus another 5 percent from this next stage in comparison with Block 4, " he explained.
  • Lyft Follows Uber in Ending Forced Arbitration For Sexual Harassment Claims

    Lyft Follows Uber in Ending Forced Arbitration For Sexual Harassment Claims

    Economy

    Shortly after Uber announced the end of its forced arbitration policy for individual claims of sexual assault or harassment by Uber drivers, riders or employees, Lyft has done the same, Recode first reported . ("We were very gratified to see Lyft making changes to their own arbitration policy in the wake of Uber's announcement, and we applaud them-you always hope others will follow when staking out a leadership position", West told me in response.) Uber had a good incentive to do ...
  • 'Walmart can infuse $3 bn in Flipkart'

    'Walmart can infuse $3 bn in Flipkart'

    Economy

    It also said it could appoint or replace Flipkart's chief executive and other key executives of group companies in consultation with Bansal and the board. Earlier this week, ET reported that Steuart Walton, grandson of Walmart founder Sam Walton, Judith McKenna, president at Walmart International, and Dirk Van den Berghe, regional CEO of Walmart Canada and Asia, will join the Flipkart board .
  • China's ZTE says U.S. sanctions have crippled operations

    China's ZTE says U.S. sanctions have crippled operations

    Economy

    United States commentators say the tone of the tweet is a dramatic shift for Mr Trump, who has consistently accused China of stealing U.S. jobs. The U.S. The ban is the result of ZTE's failure to comply with an agreement with the USA government after it pleaded guilty past year to conspiring to violate US sanctions by illegally shipping US goods and technology to Iran.
  • Ford halting production of F-150 pickup due to parts shortage

    Ford halting production of F-150 pickup due to parts shortage

    Economy

    Ford has already halted production of the F-series at its Kansas City plant. "We're confident that any impacts will be short term", said Joe Hinrichs, president of Ford global operations, in a media call late Wednesday. The Meridian Magnesium Products of America plant in Eaton Rapids, Michigan experienced an explosion and fire on May 2, according to the Detroit News .
  • Sears stock is skyrocketing on news of a new Amazon partnership

    Sears stock is skyrocketing on news of a new Amazon partnership

    Economy

    The service will gradually go at Sears' significantly more than four hundred Automobile Centers across the US, to reach greater of Amazon's customers. During the ordering process, there is an option to choose to have the tires shipped to the location and have them installed there. Investor's Business Daily has the details on Amazon's deal with Sears .
  • Nestle paying $7.2 billion to sell Starbucks coffee

    Nestle paying $7.2 billion to sell Starbucks coffee

    Economy

    The deal will transfer the company's packaged and food service business to Nestlé , which will pay $7.15 billion plus other ongoing payments to do so. Starbucks will use proceeds to increase planned stock buybacks to $20 billion from $15 billion through fiscal 2020. The deal is Nestle's first tie-up with a major rival in coffee.
  • Backed by Israel & Saudis, Trump Wants To Break Iranian Regime

    Economy

    Sanger, one of the best reporters on the planet, provides insight into what motived President Trump to pull the plug on the Iran nuclear agreement Tuesday. India , which has long-standing ties with Iran but also has close political relations with the United States, is Iran's top oil client after China.