Markets
Tesla just registered a new electric vehicle firm in China
Tesla declined to comment on the registration. Its CEO Elon Musk said earlier this month that the company will announce a China location for a new "Gigafactory" that will produce batteries as well as vehicles. Tesla appears one step closer to announcing a new factory in China. It was not clear if the new firm was related to the anticipated Shanghai plant. [Full Article...]
Prospect Capital Corporation (NASDAQ:PSEC) Has Decline in Shorts
The S&P 500 climbed 2.41 points, or 0.09 percent, to 2,730.13. Trump's tweet on Sunday came ahead of the second round of trade talks between the US and China this week. Stocks News Times (SNT) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. [Full Article...]
Aurora Cannabis Inc. (ACBFF) takes Control of Hempco, Increasing Ownership to 52.7%
This also isn't the first major marijuana merger in the industry as similar moves have been made in Europe and the US with the goal of cutting costs and increasing the scale of operations. The deal is Aurora's second large acquisition of the year, coming just months after it bought CanniMed Therapeutics. Aurora shareholders will own about 61 percent of the combined company, following the all-sto... [Full Article...]
EasyJet beefs up package holidays and loyalty scheme as losses narrow
Lundgren, who became CEO after Carolyn McCall left to run ITV Plc, said EasyJet had one of its "best results ever in the winter trading period". British low-priced airline EasyJet slashed its first-half losses as a collapse of rivals boosted passenger numbers, but the performance was weighed down by integration costs from Air Berlin assets. [Full Article...]
Gas prices are rising
Within the past few weeks, gas prices have been increasingly high due to President Trump's decision to withdraw the United States from the nuclear deal with Iran and oil supplies that have continually dropped as USA exports rise past Venezuela, a country that has the largest amount of oil reserves in the world, according to Patrick DeHaan, head of petroleum analysis for GasBuddy. [Full Article...]
United Kingdom employment jumps but strong wage growth still elusive
Consumer-price inflation averaged 2.7 per cent in the same period and the rate is expected to slow further as the effect of the pound's 2016 losses fade. The number of people working in the United Kingdom from the eight East European countries that joined the EU in 2004 fell by 91,000 to 917,000, the biggest annual reduction since comparable records began in 1997. [Full Article...]
Voter turnout in Karnataka revised to 72.13%, highest since 1952 Assembly polls
Congress is leading on 67 seats, while JD (S)+ has moved up to lead on 25 seats. If an election results in a hung assembly, then fresh elections are announced and conducted as soon as possible. The Janata Dal-Secular (JD-S) fielded candidates for 201 seats while its ally Bahujan Samaj Party (BSP) contested from 21 seats. Till the time a majority is achieved and a party is ready to come t... [Full Article...]
No freeze on 'fifth freedom' flights in US-UAE agreement, officials say
The State Department declined to comment. According to USA Today , Emirates - accused of unfair competition by rivals Delta, American Airlines and United Airlines - has agreed to "voluntarily open up their accounting books by publishing annual financial statements "consistent with internationally recognized accounting standards". [Full Article...]