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The decision from Google ($ GOOGL ) was first reported by Reuters on Sunday. While most US suppliers have yet to issue statements on their position on the Huawei ban, Bloomberg reported that Intel Corp, Qualcomm Inc, Xilinx Inc and Broadcom Inc have all now told their employees they will not supply Huawei until further notice.
  • Trump says he'll raise tariffs on $200bn of Chinese goods

    Trump says he'll raise tariffs on $200bn of Chinese goods

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    The administration has repeatedly suggested that the negotiators are making progress. His threat increases pressure on a deal that Trump said has been going "too slowly". In the bilateral consultations, Washington and Beijing are trying to work out a mutually acceptable trade agreement that would put an end to an nearly year-long tariff war between the world's largest economies.
  • Warren Buffett: Berkshire discloses enough about itself

    Warren Buffett: Berkshire discloses enough about itself

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    Buffett also said Berkshire did not need to know the reasoning beyond its investments in stocks generally and foreign stocks, saying it might require the disclosure of proprietary strategies or would not be legally required. BNSF's profit rose 9 percent to $1.25 billion as higher demand from the energy and industrial sectors offset lower volumes attributed to severe winter weather and flooding.
  • Elon Musk owes $507 million to banks helping Tesla raise capital

    Elon Musk owes $507 million to banks helping Tesla raise capital

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    An infusion of that amount would get Tesla closer to a ratio of 15 percent of cash to sales, a historical level among traditional auto manufacturers and suppliers, according to Bloomberg Intelligence analyst Joel Levington. Many analysts, on the other hand, have been saying for several quarters that Tesla needs to raise capital-in the region of US$ 2 billion to US$4 billion-to start delivering on its bold promises, or as Tesla bears have claimed, simply to keep the company afloat.
  • Tesla Introduces Canada-only Model 3 With 150 Kilometers Of Range

    Tesla Introduces Canada-only Model 3 With 150 Kilometers Of Range

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    Tesla CEO Elon Musk previously said free Supercharging would be too expensive for Tesla to provide to owners of the lower-cost vehicle. Musk said during a conference call that Tesla might need to raise capital again. Let's revisit the rules that disqualified any Tesla model in the first place. That all pointed to buoyant interest in the offering and shares in the company rose 2.5 percent in morning trading.
  • Buffett's firm reports huge profit jump on paper gain

    Buffett's firm reports huge profit jump on paper gain

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    Billionaire investor Warren Buffett has said that he underestimated Amazon .com Inc chief executive officer Jeff Bezos, and now one of his deputies is willing to put money behind the technology giant. On Saturday, Berkshire Hathaway announced a net profit of $21.66 billion - a result that does not take into account expected losses from its stake in Kraft Heinz , which has recently depreciated assets valued in the billions of dollars.
  • Anadarko to negotiate on Occidental’s buyout bid,

    Anadarko to negotiate on Occidental’s buyout bid, "superior" to Chevron's

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    Occidental's offer comprises $38 in cash and 0.6094 of its shares for each Anadarko share, while the Chevron offer - which was agreed earlier this month - comprises $16.25 in cash per share and 0.3869 shares. Occidental will engage with Anadarko's board of directors to "deliver this superior transaction to our respective shareholders". NY time. Occidental debt also weakened, with the company's 2.7 per cent notes due 2023 widening as much as 13 basis points in light trading.
  • Facebook New Design & Features | Privacy Concerns

    Facebook New Design & Features | Privacy Concerns

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    Zuckerberg unveiled a fresh design, ditching the blue bar at the top, de-emphasising its news feed and giving greater prominence to the Instagram-style Stories feature. "The future is private", according to Facebook . "This is the next chapter for our services", Zuckerberg told his F8 faithful. "I know that we don't exactly have the strongest reputation on privacy right now, to put it lightly".
  • U.S. military action in Venezuela 'possible', says Pompeo

    U.S. military action in Venezuela 'possible', says Pompeo

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    Officials in Maduro's government denounced Guaido's actions as an attempted coup and said they retained the support of the military. Flight tracking service FlightRadar24 on Tuesday evening showed some flights between South America and Europe were crossing Venezuelan airspace, but at altitudes above 26,000 feet.
  • Microsoft hits $1 trillion market valuation

    Microsoft hits $1 trillion market valuation

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    Microsoft shares are trading near a record after rallying 34% over the past year. Azure , Microsoft's flagship cloud product, competes with market leader Amazon Web Services to provide computing power to businesses. As expected, the transition to delivering software as internet service was not easy, and the company had to endure a dry period as it expanded its user base.
  • Elon Musk reaches new agreement with SEC over his social media abuses

    Elon Musk reaches new agreement with SEC over his social media abuses

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    In addition to RHD order pages for the Model 3 going live, Tesla has also extended its current referral program from 1,500km of free Supercharging for anyone using a referral code when purchasing any Tesla vehicle to 7,500km. The commission asked that Musk be held in contempt of court for that violation. The two sides filed late Friday to amend the settlement agreement reached a year ago over the "funding secured" debacle, which originally prompted the SEC to attempt to install ...
  • Catching-fire Tesla in Shanghai spurs investigation

    Catching-fire Tesla in Shanghai spurs investigation

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    As a special perk for existing customers, if you now own a Model S or X and want to upgrade to a newer model, Tesla will throw in Ludicrous Mode, a $20,000 value, for free. The automaker now imports all the cars it sells in China, but is building a factory in Shanghai that will initially make its Model 3 and help reduce the impact of a trade war.
  • Facebook Braces For Billions In FTC Fines 04/25/2019

    Facebook Braces For Billions In FTC Fines 04/25/2019

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    This time around, McSherry says, the FTC should focus on a new settlement with Facebook that would be meaningful and followed by the company. Talk of a national data-privacy law is swirling around Capitol Hill, states like California have already forged ahead with their own measures, and U.S.
  • US Gives Exemptions to Sanctions on Iran Revolutionary Guard

    US Gives Exemptions to Sanctions on Iran Revolutionary Guard

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    China on Tuesday strongly protested against a threat by the United States to impose sanctions on countries that continue buying Iranian oil after Washington decided not to reissue waivers for oil imports from the Middle Eastern country. "And I put this offer on the table publicly now: Exchange them". The United States believes the charges against these people in Iran are phony. Let's discuss them.
  • Tesla's China inroads hit by vehicle explosion

    Tesla's China inroads hit by vehicle explosion

    Markets

    In January, Tesla recalled over 14,000 Model S cars in China as part of the global automotive sector's effort to replace potentially unsafe airbags made by Japan's Takata. The vehicle was being inspected, as it had already caught fire in February while parked in its owner's garage. Alan Kang at LMC Automotive commented on Tesla's issues stating: "Tesla had fire incidents before, but they didn't have a big impact on its reputation in China".
  • Tesla To Introduce Robotaxi Service Next Year, Unveils New Autonomous Chip

    Tesla To Introduce Robotaxi Service Next Year, Unveils New Autonomous Chip

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    More pressing for analysts, he said, were concerns about demand for the Model 3 and whether Tesla may seek new financing. Musk says full self-driving features will be rolled out in future via over-the-air updates when available. Mr Musk told investors he expected regulators to approve ride-hailing in some areas for autonomous vehicles. He says this means every auto Tesla produces from now on will have the necessary hardware to drive itself, and that the feature will be enabled by a future ...
  • White House aims to reduce Iranian oil exports to 'zero'

    White House aims to reduce Iranian oil exports to 'zero'

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    The U.S. had granted eight oil sanctions waivers when it re-imposed sanctions on Iran after Trump pulled out of the landmark 2015 nuclear deal. When asked about regime change in Iran, Mr Pompeo did not give clear intentions but said that "we're careful not to use the language of regime change" and the administration would not intervene militarily in Iran.
  • Blind River Easter Egg Hunts set for Saturday

    Blind River Easter Egg Hunts set for Saturday

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    The breakfast event includes holiday crafts, a prize wheel to spin and a special Easter egg hunt just for breakfast attendees. Also, the annual egg drop will be held on Easter Sunday. "At 1:30 we are going to have an Easter Egg hunt and you can let the kids run wild", said Gibson, adding the ranch officially opens for the season on Mother's Day.
  • Amazon closing Chinese marketplace

    Amazon closing Chinese marketplace

    Markets

    Amazon China is about to stop selling local goods to local shoppers. "We will continue to invest and grow in China across Amazon Global Store, Global Selling, AWS, Kindle devices and content". Alibaba, JD and other Chinese platforms also ramped up their offerings of everything from American cherries to Australian baby formula with steep discounts.
  • British inflation stable as house price growth slows: ONS

    British inflation stable as house price growth slows: ONS

    Markets

    Sterling inched up 0.1 percent to $1.3066 by 0800 GMT, while against a stronger euro it fell 0.3 percent to 86.735 pence. Head of retail sales at ONS Rhian Murphy said: "Retail sales increased in the three months to March, following sustained growth throughout the first three months of the year".
  • Here's What Experts Are Looking For in Mueller Report

    Here's What Experts Are Looking For in Mueller Report

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    As for the Mueller report, White House press secretary Sarah Sanders told the US cable news program Fox News Sunday, "I don't think it is going to be damaging to the president". But Trump's inner circle knows there will likely be further releases of embarrassing or politically damaging information. In the waiting game's final days, the White House continued to try to shape the narrative.
  • India's Jet Airways to suspend operations after banks reject funding request

    India's Jet Airways to suspend operations after banks reject funding request

    Markets

    Dube, in a letter to employees late on Tuesday that was seen by Reuters , said Jet has stressed to its lenders the need for urgent funding, critical to the continuation of its operations. The bid documents inter alia has solicited plans for a quick revival of the company. The Hindu Business online reported that Etihad Airways , who holds an investment in Jet Airways , the Indian government-backed National Infrastructure and Investment Fund (NIIF) and private equity firms Indigo Partners ...
  • Netflix reports record subs for Q1

    Netflix reports record subs for Q1

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    Netflix is the world's leading streaming service but later this year Apple , Disney , and WarnerMedia will enter the arena. "What's making investors nervous is that there are signs of a slowdown in the second-quarter subscriber growth", said Haris Anwar, senior analyst at Investing.com.
  • Intel abandons 5G iPhone plans following Apple's Qualcomm settlement

    Intel abandons 5G iPhone plans following Apple's Qualcomm settlement

    Markets

    Apple accused Qualcomm of charging "excessive royalties" and withholding payments in retaliation for Apple cooperating with a South Korean investigation into the chipmaker. Second, there's what this means for Apple itself, on a broader scale. And it is confident that it can do to modems what it did to graphics chips - make them itself, one day.
  • Tesla to stop selling US$35000 Model 3 online

    Tesla to stop selling US$35000 Model 3 online

    Markets

    All Tesla cars - except the $35,000 Model 3 - will now come with Autopilot , according to a blog post from the company today, which will mean a price hike for the base versions of the cars. As it turns out, more people were buying the Standard Plus over the Standard Range. Besides the potential need for some good press, there are certainly other reasons why Tesla would feel pressure to deliver on its own self-imposed goal of a $35,000 Model 3 right now as opposed to later this year or even ...
  • Can Libya's strongman Haftar capture Tripoli?

    Can Libya's strongman Haftar capture Tripoli?

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    Africa Command has conducted air strikes in Libya against terrorist organizations, however, I reiterate that we have not been requested to provide any military support to our Libyan partners at this time", Becky Farmer, an AFRICOM spokeswoman, said late Friday.
  • Samsung Galaxy S10 5G could hit stores next month

    Samsung Galaxy S10 5G could hit stores next month

    Markets

    The iPhone maker plans to hold off on the introduction of its 5G model at least until 2020. South Korea's largest telecom company SK Telecom has announced on Thursday that it started its 5G service on April 3 at 11 a.m. The powerful battery of 4500 mAh vis a vis Galaxy S10 Plus - 4100 mAh charges at 25W. One more excitement is a Samsung freebie of $160 Galaxy Buds. As we all know, Samsung is a South Korean based hardware manufacturer and therefore, it should come as no surprise that the ...
  • Tesla shares sink as vehicle deliveries drop

    Tesla shares sink as vehicle deliveries drop

    Markets

    Analysts had predicted Tesla would come closer to replicating third-quarter results, but the quarterly delivery figure fell short of even their tempered expectations. Attorney John Hueston, representing Musk, told the judge the SEC had failed to show his client had violated the deal. We reaffirm our prior guidance of 360,000 to 400,000 vehicle deliveries in 2019.
  • Unexpected rise in USA oil stockpiles steals the wind from Opec's sails

    Unexpected rise in USA oil stockpiles steals the wind from Opec's sails

    Markets

    USA energy firms last week reduced the number of oil rigs operating to the lowest level in almost a year, cutting the most rigs in a quarter in three years, Baker Hughes energy services firm said. Brent is trading just below the 200-day moving average and a move above this mark would provide additional technical support, Mr Jakob said. The API this week reported a draw in gasoline inventories for week ending March 29 in the amount of 2.6 million barrels.
  • British MPs back Brexit delay by one vote

    British MPs back Brexit delay by one vote

    Markets

    British PM Theresa May has offered to hold talks with Labour party leader Jeremy Corbyn in order to "break the logjam" surrounding Brexit and let parliament take over the process if the two can not reach a compromise, according to The Guardian .