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Tesla reports back-to-back profitable quarters for the first time

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For the full year, Tesla lost $976.09 million, or $5.72 per share. In the most recent quarter, Tesla earned $7.2bn in revenues, primarily from auto sales, more than double the same period in 2017. Ahuja said during the call that 2018 was the "most pivotal year" in the history of Tesla and it was the right time for him to make the change. " Last year was the most pivotal year in Tesla's history. Read More »

Venezuela: Juan Guaido accuses Maduro of threatening his family

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Venezuela's President Nicolas Maduro holds up a small copy of the constitution as he speaks during his swearing-in ceremony at the Supreme Court in Caracas. The department's Office of Foreign Assets Control also addressed other issues related to looming USA sanctions on Caracas' state-run oil company aimed at putting pressure on President Nicolas Maduro who the Trump administration seeks to oust from power. Read More »

La guerre est-elle déclarée — Facebook et Apple

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Les mineurs devaient quant à eux bien évidemment obtenir le consentement de leurs parents, mais rien ne pouvait en attester. On souffle au siège de Facebook . " Facebook a utilisé sa qualité de membre (de ce programme) pour distribuer une application de collecte de données à des consommateurs, ce qui enfreint clairement leur accord avec Apple ", a écrit le groupe dans un courriel à l'AFP. Read More »

US Fed does about-turn on interest rates

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Investors liked what they heard. The Dow is up nearly 15 percent since its recent trough on December 24. The rate, which the Fed on Wednesday left in a target range of 2.25 percent to 2.50 percent, is well below historical averages, and barely above the rate of inflation. Read More »

Huawei exec Meng Wanzhou appears in Vancouver court to vary bail conditions

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Their arrests came shortly after Canadian authorities in Vancouver arrested Meng Wanzhou , a senior executive with Chinese firm Huawei Technologies , who is wanted by the us on fraud charges. The US have filed a formal extradition request for Meng, according to Canadian broadcaster CBC, and she faces a court hearing on February 6. Meng, the 46-year-old daughter of Huawei's founder, was detained at the request of the United States Dec. Read More »

Death toll from Brazil dam disaster climbs to 84

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The ore is the raw ingredient for making steel. Munich-based safety certifier TÜV Sued confirmed on Monday it conducted a review of dams past year for Vale, the world's biggest iron-ore miner which operates the Corrego de Feijao mine. Rescue workers toil on a site where a body was found inside a vehicle stuck in the mud, days after a dam collapse in Brumadinho, Brazil, Monday, Jan. Read More »

Trump Congratulates Guaido in Call, Keeping Pressure on Maduro

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Bogota and Washington have routinely denied the accusation. "Americans should not travel to Venezuela until further notice". The measures triggered higher global oil prices, angry responses from China and Russian Federation and the first serious moves against Guaido since he challenged Maduro's claim on the presidency last week. Read More »

Apple's Tim Cook explains suffering iPhone sales

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In Japan, for example, less than half the iPhones Apple sold during the quarter were subsidized by carriers, Cook said, compared to three-quarters of iPhones sold a year ago. Cook has long emphasized the potential of that side of Apple's business. "The relative strength of the United States dollar has made our products more expensive in many parts of the world". Read More »

May will seek to reopen Brexit divorce deal

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Conservative MPs were informed that they would be whipped to vote for the amendment - assuming it is selected by Commons Speaker John Bercow . Three proposals have gained a head of steam among MPs. What influence do the amendments have? If successfully ratified, these amendments could alter the future proceedings of Brexit. "The problem with the Brady amendment is that it does not spell out what they are". Read More »

Venezuela: Nicolas Maduro, Juan Guaido vie for military control

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Earlier Sunday, Maduro rejected an ultimatum from a number of European countries that he hold new elections within eight days, or they will formally recognize Guaido as president. "There are perils that come with having parallel governments", he said. It follows similar declarations by the US, Britain, Germany and France . Read More »

Ocasio-Cortez Rips WaPo Fact Checker on Twitter After Receiving Three Pinocchios

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AOC's age and inexperience are not her biggest obstacles, though. "To understand the full magnitude of her ego, AOC even compared her NY election victory to America's 1969 Moon landing and the 1964 Civil Rights Act". And they talked about the government shutdown. Addressing Wednesday's votes on her Instagram account in a live story, Ocasio-Cortez wrote, "Most of our votes are pretty straightforward, but today was a tough/nuanced call". Read More »

US orders some diplomats to leave Venezuela amid political turmoil

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On Wednesday, Venezuela's disputed president Nicolas Maduro said he was ending diplomatic relations with the United States in response to President Donald Trump's announcement that the USA was officially recognizing National Assembly President Juan Guaido as Venezuela's interim leader. Read More »

China posts slowest economic growth in 28 years

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Although this articulation was in respect to China's defence strategy, we could in fact extrapolate this to China's national strategy. Between the two countries that is nearly 40% of the world's GDP from just these two countries . To free up more funds for lending, particularly to vulnerable smaller firms, the central bank has cut the amount of reserves that banks need to set aside as reserves (RRR) five times over the past year, and guided borrowing costs lower. Read More »

Trump offers a ‘Dreamers’ deal for border-money proposal to end shutdown

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Trump stuck to his demand that $5.7 billion for this year to fund a U.S. -Mexico border wall be part of any bill to fully reopen the government, an ultimatum Democrats oppose. Trump appealed to "rank-and-file" Democratic lawmakers, hoping to peel them away from leadership, but many issued statements of opposition moments after his 13-minute speech. Read More »

As shutdown lingers, Pelosi urges Trump to reschedule State of the Union

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The partial shutdown - the longest in USA history - is in its fourth week . Let's pay the employees. The president has signed a bill to give some 800,000 federal workers back pay whenever the government reopens. Without evidence - and in fact, contrary to it - they claim walls don't work. Not one to kowtow to Democrats, or communicate with the written word, Trump may double down on his signature blockbuster spectacle. Read More »

Brexit worries to keep Theresa May away from Davos

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Mr Corbyn is refusing to meet Mrs May until she takes the prospect of a no-deal Brexit off the table, and was instead going on the offensive by delivering a speech in the marginal Conservative constituency of Hastings. If the deal can not get through the Commons, there may be no other option but to leave without a deal. He's demonstrating that it's not just the prime minister who can be stubborn. Read More »

Pound swings wildly after May's Brexit deal defeated

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The leader of the opposition, Jeremy Corbyn , has tabled what's known as a vote of no confidence in the government. "Tomorrow Theresa May will be restored in terms of her position as prime minister, but with this bad Brexit puzzle yet to be resolved", he said. Read More »

Brexit vote: Donald Tusk suggests United Kingdom should stay in EU

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A vote of "no confidence" is a mechanism that can be used by MPs to announce that they have lost faith in the Government and demand a new Prime Minister. "No doubt the Prime Minister will tirelessly return to Brussels to seek changes to the Withdrawal Agreement, particularly on the imperfect Backstop". Read More »

US Air Traffic Controllers File Suit Against Government

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To summarize, the American aviation business is already heavily affected by the partial government shutdown . The Transportation Security Administration plans to begin closing a handful of security checkpoints at airports around the U.S.as soon as this weekend in response to staff shortages as impacts of the three-week partial federal government shutdown begin to expand. Read More »

Apple Stock Price Plunges After Earnings Warning

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For its fiscal first quarter ended December 29, the tech giant now expects revenue of about $84 billion. The company deserves credit for showing strong growth in China despite declining smartphone demand there, economic strains and declining market share. Read More »

Trump again says Apple should change how it makes the iPhone

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One person familiar with White House discussions said the market moves were being used by advocates of a China deal to press their case with the president. Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster. Read More »

Dow ends down 2.8% after weak Apple forecast, US data

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Cook attributed most of the revenue drop to China, where the economy has been slowing and where USA tariffs have been raised on more than $200 billion in goods, although the iPhone hasn't been affected directly so far. Apple's shares were briefly suspended on Wednesday night, and in post-market trading fell by up to 8pc, wiping nearly $60bn off its value. "...and some customers taking advantage of significantly reduced pricing for iPhone battery replacements ". Read More »

Stock Boom Day After Christmas

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The huge selloff saw the S&P 500 tumbling to the brink of a bear market. China's Shanghai Composite index fell 0.6 percent. All three indexes have fallen for four straight sessions. Shares of Amazon . com , Inc . For most of the last decade, markets powered higher in a largely smooth and gradual way. "It's been nine years, 10 years, so it's going to be a shock to some of the newer investors who were not around in 2008 or in prior market turns". Read More »

Trump Urges Buying the Dip After Stocks Sink on D.C. Dysfunction

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Trading volume was light during a shortened trading session ahead of the Christmas holiday Tuesday. "It's already been a roller coaster today", said Craig Birk, chief investment officer at Personal Capital. Trump's trade war with China is creating uncertainty for businesses. "We've gone through situations before where it's absolutely normal for the secretary of Treasury to reach out to the private sector", Quincy Krosby, a chief market strategist at Prudential Financial, told The ... Read More »

420,000 employees will go without pay if government shuts down

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Nine of the 15 Cabinet-level departments will shutter, along with dozens of agencies. Social Security will still be paid out as will Medicare reimbursements and food stamps . Airport security checkpoints will also remain at full staffing, a spokeswoman for the Transportation Safety Administration said, though she added that those workers will not be getting paid. Read More »

Wall Street rises ahead of Fed interest rate decision

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The split is in large part the mirror image of the situation faced by Powell's predecessors when sluggish growth contrasted with booming risk markets. It conducts monetary policy for the USA as well as regulates the banking sector and financial system of the United States economy. The farther the market drops, the more the president worries that he is losing his most potent argument for re-election, several of the officials said. Read More »

Mnuchin: Market reaction to Fed rate hike 'completely overblown'

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Yields on 10-year U.S. Treasuries have also been volatile, dropping to 2.82 percent this week after hitting a seven-year high of 3.26 percent in October. His tweet comes a day after US stocks dropped again on Monday as another day of big losses took the market to its lowest level in more than a year. Read More »

House passes farm bill, sending it to Trump’s desk

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The bill on Tuesday passed the U.S. Senate on a 87-13 vote, with a 369-47 vote the next day in the House. House Democrats walked away from negotiations on the farm bill earlier this year over the SNAP controversy, and even Senate Republicans signaled that they did not want to make substantive changes to the farm bill's nutrition program. Read More »