“This past year has been the most difficult and painful year of my career,” said Mr. Musk, the head of Tesla. “It was excruciating.”
Turkey’s descent into authoritarianism and crisis has destroyed whatever hopes remained that the country’s president might serve as a force for moderation.
Serial entrepreneur Elon Musk wants to fundamentally change the way we live. But his path to success has been characterized by both great accomplishments and flirtations with failure.
Chinese and U.S. negotiators are drawing up a road map for talks to end their trade impasse ahead of meetings between President Trump and Xi Jinping in November.
CAIRO (AP) — Egypt's President Abdel-Fattah el-Sissi has ratified an anti-cybercrime law that rights groups say paves the way for censoring online media.
The law, published Saturday in the country's official gazette, empowers authorities to order the blocking of websites that publish content considered a threat to national security. Viewers attempting to access blocked sites can also be sentenced to one year in prison or fined up to EGP100,000 ($5,593) under the law.
Last month, Egypt's parliament approved a bill placing personal social media accounts and websites with over 5,000 followers under the supervision of the top media authority, which can block them if they're found to be disseminating false news.
As drinkers in Europe and the U.S. turn away from beer in favor of spirits and nonalcoholic beverages, Africa’s importance to brewers is growing.
President Trump is planning an overhaul of climate regulations that lets states set their own rules, according to people who have seen the proposal. Environmentalists say emissions could rise.
The president set policy that let his nation gorge on foreign loans, granting his wish of a brawny economic expansion. Now it is paying the price. The economic turmoil shows how hard it is for countries to emulate China’s model of authoritarian capitalism.
Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said.
Facebook, Twitter, YouTube and other tech giants say that they’re open forums. What happens when they start to shut down voices they consider beyond the pale?
Auto makers can now collect large amounts of data from internet-connected vehicles, from location to driving habits.
BRIDGEWATER, N.J. (AP) — President Donald Trump is accusing social media companies of "totally discriminating against Republican/Conservative voices" and says "we won't let that happen."
Trump's Saturday morning tweets come as companies have been working to ban right-wing "Infowars" conspiracy theorist Alex Jones from their platforms.
Apple, YouTube and Spotify have permanently removed some of his content, Facebook has suspended him for 30 days and removed some of his pages, while Twitter has given Jones a weeklong timeout and is mulling deeper changes to try to limit the spread of fake news, misinformation and hate speech.
Chinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad to upgrade the Malaysia carmaker's line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in China and other international markets.
“Yellowstone,” starring Kevin Costner, has found a sizable audience with both male and female viewers, something the network attributes to its family dynamic and its setting in the American West.
A new law gives banks and their workers greater protection against liability in order to report suspicious activity — as long as they receive training to help them recognize it.
Consulting firms like JÜV are helping grown-up brands talk to young people without condescending to them.
XPO Logistics has halted operations at two distribution centers as the U.K. chain cancels orders while big brands are owed millions.
The doctor most responsible for creating a billion-dollar juggernaut has received hundreds of thousands of dollars from the vitamin D industry.
President Trump asked the SEC to consider scaling back how often public companies report results, a change some executives support as promoting longer-term planning, but that some investors charge could reduce transparency.
A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel.
As trade disputes continue, the promising U.S.-China energy relationship is compromised as prospects for exports grow less clear.
The president said he wanted the Securities and Exchange Commission to weigh letting companies report results just twice a year.
Tesla’s stock tumbled 10 percent Friday, generating more than $1 billion in profits for investors betting on a fall in the electric-car maker’s shares.
The rapper’s account of an encounter with Elon Musk set social media on fire. But that wasn’t the last word. Not by a long shot.
After setting off a furor that unsettled the markets and his own board, the Tesla chief talks about the pressure he is under and his struggle to cope.
The song “Respect” helped Aretha Franklin soar to fame and became an anthem for the women’s rights movement. But radio royalties for the song went to its writer, Otis Redding.
NEW YORK (AP) — Federal regulators are alleging that Facebook's advertising tools allow landlords and real estate brokers to engage in housing discrimination.
The U.S. Department of Housing and Urban Development said in an administrative complaint this week that Facebook violated the Fair Housing Act because its targeting systems allow advertisers to exclude certain audiences, such as families with young children or disabled people, from seeing housing ads.
"When Facebook uses the vast amount of personal data it collects to help advertisers to discriminate, it's the same as slamming the door in someone's face," HUD Assistant Secretary Anna María Farias said in a statement Friday.
The United States and Mexico are making progress, but the trade talks still exclude America’s closer political and economic partner.
The U.S. government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect's voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance.
Turkey’s president turns American actions against Turkey to his advantage, appealing to national pride and deflecting responsibility for the lira’s collapse.
A privacy group said in a letter sent to the Federal Trade Commission on Friday that Google has violated the terms of a 2011 settlement because of practices exposed in an Associated Press report this week.
The Electronic Privacy Information Center said in the letter to the FTC that Google's recording of time-stamped location data — even after users have turned off a setting called Location History — "clearly violates" the 2011 settlement.
The center lobbied the FTC to take action on Google nearly a decade ago. That helped lead to the settlement in which Google agreed to a 20-year monitoring regime and vowed to not misrepresent the degree to which users have control over private data.
A family’s tragedy at a Michigan amusement park highlights how parks have kept free of federal oversight.
Republicans say the economy will help them in November. Democrats say it won’t. New data says the full story is more complicated.
In a region where farm troubles can ripple through the economy, even backers of President Trump are wary of the damage a tariff battle could cause.
Elon Musk's erratic behavior was front and center again this week as the CEO of Tesla conceded that he's overwhelmed by job stress, pushing his electric car company's stock down and bringing pressure on its board to take action.
Musk's revelation, in a Thursday interview with The New York Times, came as government regulators are reportedly investigating whether his recent out-of-the-blue tweet about taking Tesla private violated disclosure requirements.
Now, experts say Tesla has reached an intersection where the board must decide the direction of its leadership. Among their suggestions: Remove Musk as CEO, permanently or via a temporary leave of absence, or appoint a No. 2 executive who could act as a steadying hand.
Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.
Turkey's battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down".
U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors.
Thyssenkrupp's workers are prepared to do their part in the ongoing restructuring of the embattled conglomerate, its interim chairman and trade union secretary Markus Grolms told a German magazine.
Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible.
U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico.
Standard & Poor's said on Friday it had cut Turkey's sovereign credit rating deeper into "junk" territory, citing extreme lira volatility and forecasting a recession next year, adding to the country's woes as it deals with a currency crisis.
Moody's cut Turkey's sovereign credit rating deeper into "junk" territory on Friday, citing a weakening of public institutions and the related reduction in the predictability of policy making in a country which is facing a currency crisis.
More bank customers are going digital. Still, safe deposit boxes are good for documents and valuables that you usually don’t need on short notice.
The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989.
NEW YORK (AP) — Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November.
Industrial, health care and basic materials companies made some of the biggest gains. The report came a day after China said it will send an envoy to Washington for the first talks between the countries since early June.
Marina Severinovsky, an investment strategist at Schroders, said stocks could jump if the U.S. and China make real progress toward a trade agreement. But stocks in emerging markets might make even bigger gains.
The Tesla chief executive addressed a wide range of issues, including the search for a chief operating officer and his tweet that sent the company’s shares soaring.
NEW YORK - Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs.
OxyContin maker Purdue Pharma has hired restructuring lawyers at Davis Polk & Wardwell as it grapples with mounting litigation over its alleged role in fueling the opioid epidemic.
Deere reported higher earnings, saying that farmers are continuing to buy equipment even as they worry about potential tariffs on their products.
WASHINGTON (AP) — President Donald Trump is calling on federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense.
In a tweet early Friday, Trump said that after speaking with several top business leaders, he's asking the Securities and Exchange Commission to determine whether shifting to a six-month reporting requirement would help companies grow faster and create more jobs.
For companies, "That would allow greater flexibility & save money," Trump tweeted.
Trump later told reporters the idea was especially urged on him by Indra Nooyi, CEO of PepsiCo, who is stepping down in October.
U.S. President Donald Trump said on Friday he has asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter.
U.S. President Donald Trump said Friday that he wanted the Securities and Exchange Commission (SEC) to explore doing away with quarterly corporate reports, replacing them with filings every six months.
The Securities and Exchange Commission will continue to study the frequency of public company reporting after President Donald Trump called on the agency to consider shifting from quarterly to semiannual reports, SEC Chairman Jay Clayton said on Friday.
The top U.S. securities regulator on Friday said it had voted to simplify and update requirements for disclosing information that it considers redundant or outdated, with the aim of reducing compliance burdens for companies.
U.S. consumer sentiment slid in August to its lowest level in nearly a year, as consumers registered concern about rising prices.
NEW YORK (AP) — The Latest on Tesla CEO Elon Musk (all times local):
Tesla shares are closing with a loss of $29.95, about 9 percent, at $305.50 after CEO Elon Musk told the New York Times that the stress of the job is getting to him.
The company lost $5.5 billion in market value Friday.
Musk admitted in an interview with the Times that the stress of running Tesla has affected his health. Musk is the public face of, and driving force behind Tesla and investors have stuck with the eccentric billionaire despite a number of controversies.
Musk told the Times that he was working up to 120 hours a week and sometimes takes Ambien to sleep.
Musk raised a ruckus last week when he tweeted that he might take Tesla private.
A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels has asked the Trump administration to exempt it from tariffs for some Chinese-made tunnel boring machine components, warning the tariffs could significantly delay a planned tunnel between New York and Washington.
An employee worries that she has promised to give four weeks’ notice to her current boss if she leaves for a new job, but that may be too long for a future employer. Here’s how to finesse the issue.
Tesla Inc's shares slumped 9 percent on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for "extreme torture" from short sellers.
Crude prices rose on Friday, but declined on the week on worries that oversupply would weigh on the U.S. market while trade disputes and slowing global economic growth would dampen demand for oil.
An SEC investigation means Tesla’s precarious cash situation could become critical in the coming months.
Foxconn is making a new push into semiconductors, teaming up with a local government in China’s Pearl River Delta to build a chip fabrication plant.
The Conference Board Leading Economic Index rose in July, with unemployment claims, the financial components and the ISM new orders index making the largest positive contributions.
With freight demand red-hot, truck manufacturers expect to break records for orders this year, and deliveries will reach deep into next year.
TOKYO (AP) — World stock markets turned lower during European trading hours Friday as investors worried again about Turkey's financial trouble, after Asian stocks rose on news China is preparing to resume trade discussions with the U.S.
KEEPING SCORE: Britain's FTSE 100 fell 0.3 percent to 7,537 and the CAC 40 in France shed 0.3 percent to 5,332, while Germany's DAX lost 0.7 percent to 12,156. The future contracts for the Dow Jones industrial average and S&P 500 were both down 0.1 percent.
TURKEY: The country's currency fell again, trading down about 5 percent, after the U.S. threatened to impose more sanctions and Turkey said it would retaliate.
SAN FRANCISCO (AP) — More than a thousand Google employees have signed a letter protesting the company's secretive plan to build a search engine that would comply with Chinese censorship.
The letter calls on executives to review ethics and transparency at the company.
The letter's contents were confirmed by a Google employee who helped organize it but who requested anonymity because of the sensitive nature of the debate.
The letter says employees lack the information required "to make ethically informed decisions about our work" and complains that most employees only found out about the project — nicknamed Dragonfly — through media reports.
The letter is similar to one thousands of employees had signed in protest of Project Maven, a U.
TOKYO (AP) — Asian shares made moderate gains early Friday after U.S. stocks jumped on news China is preparing to resume trade discussions with the U.S., the first negotiations in more than a month.
KEEPING SCORE: Japan's Nikkei 225 index added 0.4 percent to 22,275.67, while the Shanghai Composite index slipped 0.4 percent to 2,694.52. Hong Kong's Hang Seng jumped 0.6 percent to 27,254.14 and in South Korea, the Kospi gained 0.3 percent to 2,246.79. Australia's S&P ASX 200 picked up 0.2 percent to 6,339.30. Shares were higher in Taiwan, Thailand and Singapore.
WALL STREET: Energy and metals prices and shares of industrial companies turned higher. The S&P 500 index climbed 0.8 percent to 2,840.69.
When you think of a car accident, you are might be tempted to believe that there can only be one at-fault person, but this is a common misconception. Oftentimes, more than one individual is been at-fault in an accident. Failing to identify each at-fault party can be a very costly mistake in many instances. If you’re uncertain about the fault, a car accident attorney can review your case.
Why Identifying All Parties is Important
Florida law requires an owner or operator of a vehicle to carry at least $10,000 worth of personal injury protection (PIP) insurance coverage, pursuant to F.S.627.733(1), but $10,000 dollars of PIP coverage will only pay for a fraction of the medical bills incurred by an injured driver in a serious auto accident.…
SCOTTSDALE, Ariz. (AP) — At a time when big-box retailers are trying to offer the same conveniences as their online competitors, the biggest U.S. grocery chain is testing the use of driverless cars to deliver groceries in a Phoenix suburb.
Kroger's pilot program launched Thursday morning with a robotic vehicle parked outside one of its own Fry's supermarkets in Scottsdale. A store clerk loaded the back seat with full grocery bags. A man was in the driver's seat and another was in the front passenger seat with a laptop. Both were there to monitor the car's performance.
Under the self-driving service, shoppers can order same-day or next-day delivery online or on a mobile app for a flat rate of about $6.
SAN FRANCISCO (AP) — An Uber driver from San Francisco is accused of picking up a woman while off-duty and sexually assaulting her, police said Thursday.
Kevin Barillas-Saballas, 30, was charged Thursday by the Alameda County district attorney's office with sexual assault, sexual battery, kidnapping, imprisonment and criminal threats.
Union City Police Lt. Steve Mendez said the woman was intoxicated when either she or her friends called for an Uber on July 14 to take her home to Union City.
Mendez said her driver was not Barillas-Saballas, but he picked her up and subsequently attacked her. Police did not release details of the attack.
SAN FRANCISCO (AP) — Google has revised an erroneous description on its website of how its "Location History" setting works, clarifying that it continues to track users even if they've disabled the setting.
The change came three days after an Associated Press investigation revealed that several Google apps and websites store user location even if users have turned off Location History. Google has not changed its location-tracking practice in that regard.
But its help page for the Location History setting now states: "This setting does not affect other location services on your device." It also acknowledges that "some location data may be saved as part of your activity on other services, like Search and Maps.
President Trump said that negotiations have stalled over his attempt to rewrite the North American Free Trade Agreement and that he is no longer in a hurry to overhaul the pact.
NEW YORK (AP) — Walmart raised its financial outlook for the year on Thursday after beating Wall Street's expectations for the quarter and seeing the strongest growth in more than a decade in sales at established stores. Its shares rose more than 9 percent.
The upbeat report indicates that Walmart's efforts to improve the experience shoppers have at its stores and expand its online services, particularly in grocery, are helping bring people to its websites and stores. Like many other retailers, Walmart is also benefiting from a stronger job market and rising confidence. Home Depot, Macy's and Nordstrom all raised their forecasts this week.
However, not everyone is benefiting. J.C.
U.S. home construction rebounded last month after a big drop in June, but was weaker than Wall Street had expected, with many analysts taking a bleak view of the housing market.
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are closing higher on Wall Street following strong results from Walmart and signs of progress in defusing the trade dispute between China and the U.S.
Walmart jumped 9.3 percent Thursday after reporting its strongest sales growth in a decade as well as a surge in online sales.
Boeing jumped 4 percent, and Teva Pharmaceuticals rose 7.3 percent after regulators approved its generic version of Mylan's EpiPen allergy treatment.
The S&P 500 index rose 22 points, or 0.8 percent, to 2,840.
The Dow Jones Industrial Average rose 396 points, or 1.6 percent, to 25,558. The Nasdaq composite rose 32 points, or 0.4 percent, to 7,806.
Bond prices fell.
SANTIAGO, Chile (AP) — U.S. Defense Secretary Jim Mattis and his Chilean counterpart have signed an agreement pledging closer cooperation in combating cyber threats.
Mattis and Defense Minister Alberto Espina held a signing ceremony Thursday after meeting to discuss a range of security issues, including military exercises and cooperation in science and technology. Cyber defense is a topic of growing interest throughout the Western Hemisphere. Banco de Chile, one of the country's biggest commercial banks, has said a hacking operation robbed it of $10 million in June.
Santiago was the fourth stop for Mattis on a tour of South America that began in Brasilia on Sunday.
One floor down from the penthouse where the infamous Christian Grey made fictional history in Fifty Shades of Grey, this palatial luxury penthouse in the Escala Building asks $11.5 million.
WASHINGTON (AP) — The Latest on news that the United States and China are resuming trade talks, raising hopes for the resolution of a dispute between the world's two biggest economies (all times local):
White House economic adviser Larry Kudlow says the Chinese economy "looks terrible."
Asked by President Donald Trump to assess China's prospects at a cabinet meeting, Kudlow on Thursday asserted that "their economy is just heading south. Business investment is just collapsing."
China's economy decelerated from April through June as Beijing tightened credit policy to combat a big rise in debt. The International Monetary Fund expects Chinese growth to slow to 6.6 percent this year from 6.9 percent in 2017.
WASHINGTON (AP) — The United States and China are resuming trade talks, raising hopes for a way out of an intensifying dispute between the world's two largest economies.
White House economic adviser Larry Kudlow told reporters Thursday that the U.S. team will be led by David Malpass, U.S. Treasury under secretary for international affairs. Earlier, China said it would send a delegation led by a deputy commerce minister.
This meeting would be the first between senior U.S. and Chinese officials since June 3 talks in Beijing ended with no settlement. The United States has already imposed taxes on $34 billion in Chinese goods, drawing Chinese retaliation.
Think about the way you currently shop; maybe you see something you like in a shop window, research it online, add it to your basket and then forgo checking out in favour of picking it up next time you walk by the store. Most shopping experiences are a variation on that kind of process as the days of simply going into store and buying an item are long gone.
Consumers want additional information prior to making purchasing decisions and the method of purchasing has also become more fluid: home or work computer, phone, tablet, in store. This presents a challenge to marketers as capturing the customer at different parts of the customer journey grows more complex, seemingly by the minute.…
There is a big difference between being a business owner and being a smart business owner. The latter has a much better chance of success if they follow a few simple tax strategies. It may be confusing, but the decisions you make now regarding your business taxes could mean the difference between an exciting, bright future filled with growth, or a much darker future riddled with regret and failure.
Keep Those Receipts
Receipts create a snapshot of your financial year, a tangible record of how you spent your money. All these receipts you’ve been keeping may also represent a taxable income offset: possible tax deductions for goods and services.…
With regard to managing small or startup businesses, there is a lot that a business loan can do for that process. However, applying for a loan isn’t something that you can take lightly. While you might have an idea of where and how you want to use your newly acquired resources, being efficient is essential if you’re going to make the most out of your easy business loans.
It directly ties to the many legitimate reasons why you would want to apply for a loan in the first place. It’s all about taking advantage of the opportunities in front of you.…
Whether it is a blog about college or not, many college students have recently seen starting a blog as a good idea. Many people who order custom essays are doing so for their blogs, because the dame time constraint swhich work with their actual education also apply here.
Having a blog in college means another opportunity to learn how to write, and to do so in a much wider context than might otherwise be afforded by their education. A college student blog is a way of sharing how you see the world and yourself, and it can be a valuable tool for showing how college students grow and change through their various experiences.…
A CV is short for Curriculum Vitae, an order of your working life. A CV (short CVs are preferred) is something that you give to prospective employers to show previous work, and to give some idea of your personality.
A CV is the first thing many prospective employers see when they advertise for a new worker, so it is very important that people make their CV the best it can be. This is the main reason why so many writing sites – such as Perfect Essays– offer CV writing services. They can provide one which ticks all the required boxes.…
Passing out of grad school is one of the most exciting moments in anyone’s life. It is the time when one transition from a purely academic to organizational experience and is almost bracing up to take up their dream jobs.
Graduating from business school is one of the most significant milestones that one achieves after years of academic struggle and hard work. Whether it is your child, a close friend or a loved one, when someone attains a milestone he deserves appreciation and celebration of his achievement.
One of the best ways to celebrate such achievements is by rewarding them with a memorable present.…
Over recent years, many people have made a lot of money from investing in property. For many, the ability to buy a property at a low cost, get it fixed up, and then rent it out to others for a monthly income has enabled them to make property investment a full time career and a very lucrative one at that.
With the right choices and a little business acumen, you can go a long way in the property market as property is something that is always in demand.
Of course, if you want to truly benefit from this type of investment you need to make sure you choose the right property, which isn’t always as easy as you may think.…
When it comes to improving your business’s profitability you have three choices: Sell more, increase your prices or cut your costs. Put that way, it sounds like a statement of the glaringly obvious, but it is surprising how many businesses focus like mad on the first to while paying very little attention to the third.
Here, we take a look at three areas every business should focus on that will help them get the optimum bangs for every buck.
1. Automate your processes
The technological world moves quickly, and any business with established internal procedures is liable to stand still and be left behind.…
A lot of people feel nervous asking for money, even if it’s a lender’s livelihood. We can usually chalk this up to uncertainty regarding whether or not we’ll be approved. If you’re in need of a loan, you might understand that getting approval can take time. It’s a hassle to spend all of that time waiting, only to be denied.
If you want to go into the loan approval process with greater confidence, there are several ways to make it happen.
1. Check your credit
It would be unreasonable to predict how to the loan approval process will go without checking up on your credit.…