• Tesla forms three-member panel to decide on any Musk proposal

    Tesla forms three-member panel to decide on any Musk proposal

    Markets

    The SEC has asked Tesla for more details about Musk's tweets and proof that he has secured the necessary funding for the transaction. Bloomberg had reported earlier on Tuesday that Goldman was not tapped as an adviser when Musk revealed the go-private plans last week.
  • It's time to take away Trump's tariff toys

    It's time to take away Trump's tariff toys

    Markets

    The Turkish lira plummeted against the dollar Friday, dropping by more than 13 percent. "The situation of Turkey can not go on for much longer - I think they will have to intervene", Cristian Maggio, head of emerging markets strategy at TD Securities, adding that the intervention needed to be "drastic".
  • Germany: US Should Consider EU Interests on Iran Sanctions

    Germany: US Should Consider EU Interests on Iran Sanctions

    Markets

    The arrival of North Korea's foreign minister in Tehran just hours after Donald Trump had reinstated sanctions against Iran was "no coincidence", analysts believe, and is created to send the message that Pyongyang is reinforcing its alliances as denuclearisation talks with the USA stall.
  • Tesla’s Big Question: Better or Worse Off as Private Company

    Tesla’s Big Question: Better or Worse Off as Private Company

    Markets

    The most obvious equity partners for Musk would be a sovereign wealth fund such as Saudi Arabia's Public Investment Fund (PIF), which sources said on Tuesday had taken a stake of just below 5 percent in Tesla, or a major technology investment fund such as SoftBank Group Corp's Vision Fund, bankers said.
  • Tesla stock trading halted after Musk teases taking company private

    Tesla stock trading halted after Musk teases taking company private

    Markets

    It's unclear from where Musk has secured funding. Tesla did not return repeated calls for comment from CNBC , nor did the Securities and Exchange Commission , as of this publishing. If Musk can't prove the allegedly secured funding at $420 per share, he may be accused of market manipulation or market fraud. The announcement, made initially via Twitter, stunned investors and sent Tesla's stock price soaring as much as 13 percent.
  • Will Apple retain its trillion-dollar bite?

    Will Apple retain its trillion-dollar bite?

    Markets

    Its stock - now testing the $1,800 mark - is up 50 per cent this year, but, as Macquarie analyst Ben Schachter's most recent new price target indicates, the company needs a $2,100 stock price to hit $1.02 trillion - that's a 76.6 per cent year-to-date increase requirement.
  • Apple $1 trillion milestone: Here’s why it matters

    Apple $1 trillion milestone: Here’s why it matters

    Markets

    Apple saw excellent numbers during its fiscal third quarter of the year, revealing strong global sales and demand for the pricey iPhone X , which helped tip revenues to a new record despite a dip in device sales. But the phenomenal success of the iPhone led competitors to mirror certain features like touch-screens featuring rows of colorful icons - and prompted Apple to pursue those competitors in court.
  • Angered At Pastor's Detention, U.S. Levels Sanctions Against Turkish Officials

    Angered At Pastor's Detention, U.S. Levels Sanctions Against Turkish Officials

    Markets

    Brunson risks up to 35 years in jail if convicted of carrying out activities on behalf of two organisations Turkey deems to be terror groups: the Gulen movement and the Kurdistan Workers' Party (PKK). The Turkish lira fell to 5.0 against the dollar after the sanctions announcement. Since the failed coup attempt, Turkey has been unsuccessfully lobbying the U.S.to extradite Fethullah Gulen , an elderly cleric living in Pennsylvania who Turkey says masterminded it.
  • US Threatens Sanctions on Turkey If Jailed American Pastor Not Freed

    US Threatens Sanctions on Turkey If Jailed American Pastor Not Freed

    Markets

    Turkey cited health reasons for releasing Brunson to home detention Wednesday. An American pastor whose imprisonment for more than 600 days has tested relations between the U.S. Turkey wants the United States to agree to his extradition. In September, Turkish President Recep Tayyip Erdogan suggested that Turkey could free Brunson if Washington handed over Gulen in a swap deal.
  • USA farmers to receive up to US$12B in trade war relief

    USA farmers to receive up to US$12B in trade war relief

    Markets

    Just hours before the announcement of the aid package, Trump tweeted "Tariffs are the greatest! " and vowed that those who have taken advantage of the United States will have to negotiate a new deal. He grows about 25,000 bushels of soybeans a year, so if the price goes down $2, that costs him around $50,000. And Americans for Prosperity, a conservative pro-growth group affiliated with the Koch network, said farmers want good trade policy, not a bailout.