• Tesla Direct Offers Free Delivery to Your Home or Office
Tesla Direct Offers Free Delivery to Your Home or Office

Previously this month, Musk acknowledged that the company was dealing with more logistical problems now than production delays. Tesla co-founder and CEO Elon Musk has been under intense pressure to prove he can produce consistent numbers for the Model 3 sedan for quite some time now.

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  • US Will Almost Certainly Miss NAFTA Deadline
US Will Almost Certainly Miss NAFTA Deadline

He took aim at the country's dairy tariffs and reiterated his threat to tax Canada's auto industry. No such meeting was ever requested, a Trudeau spokesman told CNN , adding: "We do not have any comment beyond that". Other senior USA officials have been voicing frustration with Canada lately as the talks have dragged on. "And that involves, ...

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  • 21st Century Fox agrees to sell its 39% stake in Sky
21st Century Fox agrees to sell its 39% stake in Sky

The move lets Fox focus on another megadeal underway: The majority of the company will be sold to Walt Disney Co .in a $US71 billion ($98 billion) transaction that's slated to close next year. Fox will receive £11.6bn for its shareholding. Comcast's victory means that Mr Murdoch has failed for a second time to gain full control of Sky. Fox add...

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  • Oil markets take a breather as United States supplies rise once again
Oil markets take a breather as United States supplies rise once again

In this sense, if you are a WTI trader, you can use the Brent market as a bit of a leading indicator. Daniel Jaeggi, the president of the commodity merchant Mercuria Energy Trading, said that because of the US sanctions against Iran , millions of barrels per day (bpd) of crude oil could be taken out of the market by the end of the fourth qua...

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  • Fed Raises Interest Rates, Signals One More Increase This Year
Fed Raises Interest Rates, Signals One More Increase This Year

Those people, he noted, will benefit from the Fed's increase in short-term rates. Unfortunately they just raised interest rates because we are doing so well. The big question is whether the strong USA economy, which has been fueled this year by tax cuts and increased government spending, could weaken next year, especially if President Donald Trump...

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  • Canada PM says won't be rushed on NAFTA, new deal not guaranteed
Canada PM says won't be rushed on NAFTA, new deal not guaranteed

Trump's remarks came just a day after an awkward encounter between him and Trudeau at the United Nations, with Trump appearing to ignore Trudeau at a luncheon until the prime minister tapped him on the shoulder and shook hands, with Trump still seated all along.

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  • Barrick buys Randgold for $6B to form world's largest gold miner
Barrick buys Randgold for $6B to form world's largest gold miner

When New Barrick is formed, Randgold shareholders will own approximately 33.4% of the company and Barrick shareholders will own the remaining 66.6%. As a second step, Shandong Gold is now carrying out an independent evaluation of Barrick's Lama project, including an analysis of potential synergies between Lama and the nearby Veladero oper...

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  • NAFTA Talks: US, Mexico May Proceed Without Canada
NAFTA Talks: US, Mexico May Proceed Without Canada

Trudeau was asked about USA trade ambassador Robert Lighthizer's recent glum assessment of the talks, which remain deadlocked over issues like dispute resolution, access to Canada's dairy market and the so-called Section 232 tariffs on Canadian steel and aluminum.

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  • Michael Kors nears US$2 billion deal to buy Versace
Michael Kors nears US$2 billion deal to buy Versace

Shares in Michael Kors were trading 9% lower on Monday. Michael Kors's sales in 2017 were $4.7 billion, up from less than $800 million in 2011 when the company went public. Again, Michael Kors is aiming to bolster its roster of luxury brands including those in the fashion, footwear, and accessories categories. The other 20% is owned by the priv...

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  • Oil prices could rise to $100 a barrel by 2019, warn merchants
Oil prices could rise to $100 a barrel by 2019, warn merchants

Price moves tend to accelerate in the run-up to cyclical peaks and troughs, as the market struggles to overcome a worsening deficit or surplus. After pulling out of the 2015 Iran nuclear deal in May this year, the Trump administration has pledged to impose an embargo on Iranian oil from November 5.

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  • Price of oil could reach $100/barrel by late 2018 or early 2019
Price of oil could reach $100/barrel by late 2018 or early 2019

Brent crude prices rose to a almost four-year high above above $82 a barrel on Tuesday after OPEC and its allies said they would stick to the plan they agreed to in June. In addition to ripping United States foes such as Iran and Venezuela, President Donald Trump took direct aim at America's Gulf allies during his speech at the UN General Asse...

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  • Michael Kors Buys Versace, Renames It | Fashion
Michael Kors Buys Versace, Renames It | Fashion

Kors, which will be renamed Capri Holdings Ltd., said it expects to increase Versace's revenue to $2 billion and increase the number of its retail outlets to 300 from 200. "With the full resources of our group, we believe that Versace will grow to over USA $2 billion in revenues". "It has been more than 20 years since I took over the compan...

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  • Corbyn makes pitch for power as MPs spar over Brexit
Corbyn makes pitch for power as MPs spar over Brexit

Subsequently on Monday, free-market think tank the Institute of Economic Affairs (IEA) unveiled an alternative Brexit plan to Chequers, which has been backed by leading Brexiteers David Davis, Boris Johnson and Jacob Rees-Mogg. "We had a good healthy discussion". The BBC also reported that the cabinet remained fully behind May's Brexit policy i...

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  • The price of oil rose to its highest level in four years
The price of oil rose to its highest level in four years

JPMorgan said US sanctions on Iran could lead to a loss of 1.5 million barrels per day, while Mercuria warned that as much as 2 million bpd could be knocked out of the market. The world's airlines will be the single fastest growing user of oil , increasing consumption by 2.2 per cent a year on average, to 2040. Typhoon Jebi led to flooding i...

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  • Trump Has `No Plans' to Meet Iran's Rouhani, But May `Someday'
Trump Has `No Plans' to Meet Iran's Rouhani, But May `Someday'

Although Mr. Trump approached his United Nations speeches last year and this year similarly - beginning with citing the economic progress under his watch, then steering into his military spending increases and "America First" agenda - his 2017 speech was greeted with more outrage than laughter.

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  • Instagram Co-Founders Resign from Facebook Amid Tensions with Mark Zuckerberg
Instagram Co-Founders Resign from Facebook Amid Tensions with Mark Zuckerberg

FILE - In this April 7, 2011, file photo, CEO Kevin Systrom , at left, chats with engineers Shayne Sweeney, center, and Mike Krieger at Instagram in San Francisco . Years earlier, Koum said he would take a stand against Facebook if the company's push to increase profits demanded radical changes in the way Whatsapp operates.

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  • Cryptocurrency XRP is leading price increase as Ripple looks to new launch
Cryptocurrency XRP is leading price increase as Ripple looks to new launch

Investors seeking to trade XRP should first buy Bitcoin or Ethereum using an exchange that deals in United States dollars such as Gemini, Changelly or GDAX. Ripple most recent partnership with American PNC Bank . The market rallied as the price dipped towards $6,400, however, pushing the price back above $6,450 where it stayed.

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  • Big Lines From Trump's UN Speech
Big Lines From Trump's UN Speech

The remark led to some murmuring and laughter in the crowd, taking the president slightly aback. As for China, Donald Trump said "I have great respect and affection for my friend, President Xi, but I have made clear our trade imbalance is just not acceptable".

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  • China Hikes Tariffs on US Imports, Accuses US of 'Trade Bullyism'
China Hikes Tariffs on US Imports, Accuses US of 'Trade Bullyism'

Washington time. Chinese products hit with fresh USA duties include everything from vacuum cleaners to internet-enabled devices, while United States goods targeted by China include liquefied natural gas and certain types of aircraft. The US recently sanctioned a Chinese military procurement organisation, drawing a sharp protest from Beijing ...

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  • Trump tweet biggest insult to USA allies in ME: Iran
Trump tweet biggest insult to USA allies in ME: Iran

Opec leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia , on Sunday ruled out any immediate extra increase in output, effectively rebuffing a call by per cent President Donald Trump for action to cool the market.

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