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Category : Business (Archive for 2018-05-03) News by Google
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Reuters
The price of Musk cutting off analysts? For Tesla, it's $2 billion
Reuters
SAN FRANCISCO (Reuters) - Ducking analysts' questions has a price: $2 billion. Tesla Inc investors gave a rare rebuke to iconoclastic Chief Executive Elon Musk on Wednesday after he cut off analysts asking about profit potential, sending shares down 5 ...

Barron's
What a US-China Trade War Could Mean for Consumers
Barron's
Treasury Secretary Steven Mnuchin and other top U.S. economic advisers are heading to Beijing this week to negotiate a potential end to the trade dispute with China. Tensions escalated earlier last month after both countries announced tariffs on each ...

Bloomberg
Black Men Arrested at Starbucks Settle for $200000 Entrepreneurs Program
Bloomberg
Philadelphia (AP) -- Two black men arrested for sitting at a Philadelphia Starbucks without ordering anything settled with the world's biggest coffee-shop chain Wednesday for an undisclosed sum and an offer of a free college education. Separately, they ...

USA TODAY
Southwest Airlines jet diverts because of cracked window
USA TODAY
A Southwest Airlines flight bound for Newark Wednesday morning diverted to Cleveland because of a broken window, a passenger said. "On my way to NJ for work and #Southwest957 gets a window crack," said Alejandro Aguina on Twitter. "Only outside crack ...

TechCrunch
Xiaomi officially files for Hong Kong IPO to raise a reported $10 billion
TechCrunch
Xiaomi's much-speculated IPO process has kicked off officially after the Chinese smartphone giant filed to go public on the Hong Kong Stock Exchange. The first draft of its filing does not include proposed financial details of its listing, but the ...

CNBC
Spotify stock plunges after reporting earnings for the first time
CNBC
Spotify shares fell nearly 8 percent in extended trading Wednesday when it reported its first quarterly earnings as a public company and gave a disappointing outlook for revenue growth. Spotify gave guidance for the current quarter that was slightly ...

New York Times
Amazon Pauses Huge Development Plans in Seattle Over Tax Plan
New York Times
SEATTLE — Amazon abruptly escalated a fight with its hometown on Wednesday, halting major expansion plans in Seattle because of a tax being considered by the City Council. The new tax would charge large employers in the city about $500 per employee ...

USA TODAY
Air Canada pilots who nearly landed on other planes told investigators it 'didn't look right'
USA TODAY
WASHINGTON – The pilots of an Air Canada flight, who nearly landed on top of four other planes waiting to take off at San Francisco's airport, told investigators the situation “didn't look right” before they abandoned the landing, according to ...

CNNMoney
$3 gas coming to a station near you
CNNMoney
Concerns that President Donald Trump is about to impose new sanctions on Iran have sent oil prices climbing, and gas prices are coming along for the ride. The national average price is up to $2.81 a gallon according to AAA, an increase of 3 cents in ...

Wall Street Journal
Fed Holds Rates Steady, but Indicates Increases Will Continue
Wall Street Journal
WASHINGTON—The Federal Reserve held short-term interest rates steady Wednesday and indicated it remains on track to raise them gradually, including at its June meeting, to keep the expanding economy on an even keel. After years of aggressive ...

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