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Musk has stated that 5,000 units a week by the end of the year is a critical number for Tesla to achieve sustainable profitability - something it has never done once in its 15-year history. For almost all of its history, Tesla has put up losses while investing heavily in technology, manufacturing plants and an extensive car-charging network.
  • Crude Oil Price Sustains Losses On Planned Opec's Output Rise

    Crude Oil Price Sustains Losses On Planned Opec's Output Rise

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    Oil earlier in May rose to a 3½-year high after US President Donald Trump made a decision to renew sanctions on Iran and as plunging Venezuelan output fuelled concerns over disruptions. Brent settled up $2.11, or 2.8 percent, at $77.50 a barrel. "No matter how you slice it we're still bullish on crude oil with WTI in the mid-US$60s/bbl", Scotiabank analyst Michael Loewen wrote in a report .
  • Mocking The Common Man, Petrol Prices Cut By One Paisa

    Mocking The Common Man, Petrol Prices Cut By One Paisa

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    Over the last two weeks, the price of petrol was increased by Rs 3.8 per litre and diesel by Rs 3.38. "The reduction was supposed to be 1 paisa but due to a clerical error the price prevalent on May 25 was communicated as today's price", news agency Press Trust of India reported, quoting a senior official of Indian Oil Corporation.
  • Which Starbucks locations are closed for racial-bias training May 29?

    Which Starbucks locations are closed for racial-bias training May 29?

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    The incident sparked protests and hurt Starbucks' reputation , but its pledge to close stores while it trained its employees on racial bias is "unprecedented", said Heather McGhee, president of left-leaning think tank Demos and who provided pro bono advice to Starbucks about the training.
  • Service dog delivers 8 puppies at Tampa airport

    Service dog delivers 8 puppies at Tampa airport

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    Ellie the service dog was accompanying a passenger en route to Philadelphia when her litter decided it was time to make its entrance into the world, reports Daily Mail . The father to the little ones, named Nugget, was also traveling with the crew and was there for the birth. (Tampa Fire & Rescue/ Twitter) The adorable pups were all delivered safe and sound.
  • PayPal stumps up US$2.2bn for iZettle

    PayPal stumps up US$2.2bn for iZettle

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    Up to now, although it has a limited presence in the area of point-of-sale, it doesn't have the same infrastructure of its potential rivals, whereas iZettle is becoming increasingly popular for pop-ups, markets and small businesses where a landline connected merchant is less appealing.
  • Beazley plc (LON:BEZ) Ratings Summary as of May 16, 2018

    Beazley plc (LON:BEZ) Ratings Summary as of May 16, 2018

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    Janney Cap Management Limited Liability Corporation invested in 8,050 shares or 0.01% of the stock. Fincl Architects Inc accumulated 3,000 shares. Wade G W And owns 30,638 shares for 0.11% of their portfolio. Liberum Capital maintained Firstgroup plc (LON:FGP) on Wednesday, February 21 with "Buy" rating. The stock of easyJet plc (LON:EZJ) has "Equal Weight" rating given on Wednesday, January 24 by Barclays Capital.
  • Boat Accident in Godavari : 35 Missing, 5 Safe

    Boat Accident in Godavari : 35 Missing, 5 Safe

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    Officials said since the boat capsized at a remote area and information on what exactly happened was not received. Besides Navy, personnel from the National Disaster Response Force, State Disaster Response Force, Fire Services, Revenue and Police Department were carrying out the search and rescue operation as over 30 passengers travelling in the boat were said to be missing.
  • Wenger won't take another Premier League job

    Wenger won't take another Premier League job

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    Arsenal Football Club find themselves in a position they've not been in since 1996 - looking for a new manager, following the resignation of longtime steward Arsene Wenger at the end of another disappointing campaign in the 2017-2018 season.
  • Tesla gave up some features in autopilot

    Tesla gave up some features in autopilot

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    The 28-year-old said that she was using her phone prior to the collision while the semi-autonomous driving features was enabled. Jonas was one of the analysts who was stunned earlier this month during Tesla's first-quarter earnings call , when CEO Elon Musk dismissed many of their questions as "stupid" and "boring".
  • Kenya attends U.S. embassy move gala as Israel faces outcry over Gaza

    Kenya attends U.S. embassy move gala as Israel faces outcry over Gaza

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    To this day, many displaced Palestinians and their families have been denied reentry by Israeli authorities. "The only ones who don't want peace are Israel , and they continue to take Palestinian land and we have continued to come out here to protest more of those land grabs and the Trump administration actually moving the Embassy adds insult to injury, especially when they are talking of peace", said Sharif Zakout with the Arab Resource and Organizing Center.
  • Retailer Gap apologises for T-shirts with 'incorrect' map of China

    Retailer Gap apologises for T-shirts with 'incorrect' map of China

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    The company said they would be undertaking " rigorous reviews " to ensure that it doesn't happen again. In a statement the company said, "Gap Inc. respects the sovereignty and territorial integrity of China". The printed map did not include Taiwan , a self-ruled island considered Chinese territory by Beijing, the capital. Vietnam, the Philippines, India and Taiwan all protested against the move.
  • Oil Remains Upbeat as Brent Crude Trades $77.07

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    Brent crude futures, the global benchmark for oil prices, were at $78.30 a barrel at 4.32am GMT, up 7c from their last close and not far off a three-and-a-half-year high of $78.53 a barrel reached the previous session. The previous round of sanctions cut Iran's output in half. In Beijing, Iranian Foreign Minister Javad Zarif met with his Chinese counterpart Wang Yi at the Asian nation's invitation, marking his first stop on a diplomatic tour after the United States withdrew from the ...
  • Iran seeks 'clear future design' for imperilled nuclear deal

    Iran seeks 'clear future design' for imperilled nuclear deal

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    Russian Foreign Minister Sergey Lavrov and his Iranian counterpart Mohammad Javad Zarif on Monday discussed the future of Iran nuclear deal after the USA withdrawal. In the past, the European Union has also lodged complaints at the World Trade Organization. If the USA punishes European companies for doing business with Iran, foreign companies will likely walk away from Iran.
  • Could Trump be the ZTE saviour?

    Could Trump be the ZTE saviour?

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    While it's not surprising that Trump would announce his support for such a move on Twitter , the fact that he's so forcefully supporting ZTE in the first place raises eyebrows for a number of reasons. "But be cool, it will all work out!" Commerce Secretary Wilbur Ross last month accused ZTE of misleading the Department of Commerce and warned, "This egregious behavior can not be ignored".
  • On AT&T-Time Warner merger, Giuliani again contradicts White Hou

    On AT&T-Time Warner merger, Giuliani again contradicts White Hou

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    Cohen and others have been employed to help browse "a wide variety of problems", including its projected £ 85 billion merger with Time Warner, CEO Randall Stephenson explained in a memo found from Reuters . "Following this initial meeting, Novartis determined that Michael Cohen and Essential Consultants would be unable to provide the services that Novartis had anticipated related to U.S.
  • Walmart to buy 77% stake in India's Flipkart for $16bn

    Walmart to buy 77% stake in India's Flipkart for $16bn

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    Walmart India is a wholly-owned subsidiary of Walmart Stores Inc and offers close to 5,000 items through its cash-and-carry wholesale format. Monumental. Now the story changes though, from an Indian and American firm fighting it out, to India being the new battleground for the Walmart vs Amazon contest.
  • Walmart Takes Control of India's Flipkart in E-Commerce Gamble

    Walmart Takes Control of India's Flipkart in E-Commerce Gamble

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    The deal all but assures an ongoing global rivalry between Walmart and Amazon. "So, I wanted to write to you personally to celebrate the news, fill you in on what this investment means, and whether there are going to be any changes in your relationship with Flipkart ", he added.
  • Mourinho: I expect Pogba to stay

    Mourinho: I expect Pogba to stay

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    United's squad contains some wonderful footballers, although far too often this season, that talent has not translated into exciting performances. However, there's one player that the Portuguese is desperate to keep a hold although it appears his mind is not set for changing.
  • California becomes 1st U.S. state to mandate solar for new homes

    California becomes 1st U.S. state to mandate solar for new homes

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    California updates its building energy efficiency standards every three years, and the state's ultimate goal is net-zero energy homes that reduces the carbon footprint of buildings and makes them effectively energy self-sufficient. Sunrun, however, focuses on installing solar power systems on existing homes, not new ones, according to Bloomberg . The Times estimates that the requirements could add as much as $12,000 to the price of new homes.
  • Comcast Readying Cash Bid to Upend Fox-Disney Deal

    Comcast Readying Cash Bid to Upend Fox-Disney Deal

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    Comcast CEO Brian Roberts plans to table a bid only if a federal judge allows AT&T Inc's planned $85-billion acquisition of Time Warner Inc to proceed, the report said. Disney Chief Executive Bob Iger secured an all-stock deal with Fox Executive Chairman Rupert Murdoch in December. The EC has the power to clear Comcast's £22 billion bid with or without conditions or it can kick off a four-month investigation if it has concerns about the deal .
  • Venezuela, Iran Worries Lead WTI Back Over $70

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    Commodity Futures Trading Commission. Iran seems to be at the forefront because on May 12 U.S. president Donald Trump is expected to decide whether to renew the oil sanctions waivers on Iran or impose sanctions on the country instead.
  • Day wins at Wells Fargo

    Day wins at Wells Fargo

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    He finished at 12-under 272. He missed more than half the fairways - including an ugly hook into the water on the par-4 14th - hit just eight greens in regulation and made four bogeys on the day, squandering a three-shot lead on the back nine.
  • Elon Musk loses R3 billion

    Elon Musk loses R3 billion

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    Well, to be fair, Musk didn't so much as refuse to answer the question as he mocked the analyst for broaching it in the first place. Musk dove further into the discussion by explaining that the reason he opted to dismiss the questions was because the callers were "sell-side analysts who represent short seller thesis, not investors".
  • Sajid Javid heads to first Cabinet as Home Secretary

    Sajid Javid heads to first Cabinet as Home Secretary

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    Labour says the prime minister has "questions to answer" about her own time at the Home Office. In a series of weekend Twitter messages, Rudd said she was unaware of the memo but admitted she should have known of the targets. Despite government apologies and assurances to the contrary over the ongoing Windrush scandal, several United Kingdom residents were believed to have been subject to threats of deportation back to Jamaica, a Commonwealth nation, over their legal status.
  • Dollar Paring Gains After Fed Leaves Rates Unchanged

    Dollar Paring Gains After Fed Leaves Rates Unchanged

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    Bond prices moved slightly higher and stocks waffled after the Fed sounded slightly less "hawkish" than expected and failed to end the debate on how many times it will hike rates this year. Trade talks between US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu He are set to start later today (03/05). Last week, the 10-year moved above 3% for the first time in four years.
  • Finally, Flipkart board approves 75% stake sell to Walmart for $15 Bn

    Finally, Flipkart board approves 75% stake sell to Walmart for $15 Bn

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    The US retail giant is said to be investing around $12 billion to pick up 60-80 per cent in Flipkart at a primary valuation of $20 billion. These investors, are reportedly expected to fully or partially sell their shares in Flipkart as Walmart makes its acquisition bid for the company.
  • Tesla Burning Money Like There's No Tomorrow

    Tesla Burning Money Like There's No Tomorrow

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    Tesla also provided an update on its energy storage and renewables business, noting that energy storage deployments grew 161 per cent in the first quarter of the year compared to the previous quarter, to hit 373MWh. Tesla Inc ., which has had only two profitable quarters in its almost eight years as a public company. A government report from January 2017, which has been widely criticized, found that Autopilot reduced crash rates for Tesla by 40%.
  • Black men arrested at Starbucks settle with the company

    Black men arrested at Starbucks settle with the company

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    Rashon Nelson and Donte Robinson were arrested in Philadelphia on April 12, sparking worldwide outrage, protests at Starbucks outlets and anguished soul-searching about America's lingering problems of racial discrimination. The men's arrest led to days of protests and the hashtag #BoycottStarbucks going viral on Twitter. Robinson and Nelson have also been offered the opportunity to complete their undergraduate degrees through the Starbucks College Achievement Plan , a first of a kind ...
  • BP first-quarter profit up 71% as production and oil price rise

    BP first-quarter profit up 71% as production and oil price rise

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    The oil giant reported profits of $2.6bn (£1.9bn) for the first quarter, up from $1.5bn in the same period previous year, which "primarily reflects higher oil prices and a favourable foreign exchange impact". The disaster killed 11 and sent oil spewing into the Gulf, resulting in the worst offshore oil spill in US history. With rising output from our new major projects and excellent reliability, Upstream production was 9% higher than a year earlier.
  • Summary of Lonmin Plc (LON:LMI) Ratings on May 1, 2018

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    Vanguard owns 927,587 shares. Stonebridge Advsr Llc holds 10,598 shs or 0.46% of its capital. Fiera Cap has 74,689 shares. Moreover, Martingale Asset Limited Partnership has 0.01% invested in Plus500 Ltd. Royal Bank of Canada's price objective would indicate a potential upside of 22.87% from the stock's current price. Peel Hunt maintained the shares of WRL in report on Friday, January 12 with "Buy" rating.
  • Alibaba Group (BABA) Given a $204.00 Price Target at Deutsche Bank

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    Alibaba Group Holding Limited has volume of 13.40 million shares. About 64.86M shares traded. SM Energy Company ( NYSE :SM) has declined 16.15% since April 27, 2017 and is downtrending. Alibaba Group Holding Ltd had 26 analyst reports since October 31, 2017 according to SRatingsIntel. The firm has "Overweight" rating by Morgan Stanley given on Saturday, August 29.
  • Japanese engineers create real-life Transformer robot

    Japanese engineers create real-life Transformer robot

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    And the car's two passengers can sit inside the vehicle as it transforms around them into robot form. The J-deite Ride, however, claims to be the first ridable real-world transforming humanoid robot. Your kid's new favorite ride? In the meantime, J-Diete Ride will be displayed in parades and at amusement parks in Japan - and children are bound to gather at its feet and stare in amazement.
  • How Boeing Crushed Earnings Estimates, Lifted Guidance

    How Boeing Crushed Earnings Estimates, Lifted Guidance

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    Added to already-planned rate increases for the 787 Dreamliner in Everett, Wash., next year and for the 737 in Renton this year, the three rate hikes should maintain Seattle-area assembly line jobs at Boeing, offsetting downturns in the 777 and the forthcoming 777X.
  • Amazon Raises Price of Prime by $20 for Annual Membership

    Amazon Raises Price of Prime by $20 for Annual Membership

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    Amazon .com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. Whitnell & Co. now owns 109 shares of the e-commerce giant's stock worth $105,000 after purchasing an additional 93 shares during the period.
  • Are Analysts Bullish about Centrica plc (LON:CNA) after last week?

    Are Analysts Bullish about Centrica plc (LON:CNA) after last week?

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    Therefore 80% are positive. Antofagasta PLC has GBX 1130 highest and GBX 535 lowest target. The stock was acquired at an average price of GBX 210 ($2.93) per share, for a total transaction of £21,000 ($29,288.70). It operates through Los Pelambres, Centinela, Antucoya, Zald??var, Exploration and evaluation, and Railway and Other Transport Services divisions. It has a 93.18 P/E ratio.
  • Ford to Stop Producing Cars Here by 2020, Except for…

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    The most times Ford phased in and out a specific model goes to its Fairlane models. The company has already sold 43,176 Fusion Sedans and 35,046 Ford Focus in 2018. Ford also plans to optimize digital marketing and offer greater discounts on vehicles, as well as putting multiple vehicles on five flexible global architectures in the next few years.