NEW YORK (Reuters) – Hedge fund manager David Einhorn lambasted Tesla Inc (TSLA.O) and its “despondent” Chief Executive Elon Musk on Friday, comparing the electric car company to Lehman Brothers Holdings Inc, where he had flagged accounting problems several months before its 2008 collapse. “Like Lehman, we think the deception is about to catch up […]

Only 5 percent of people own bitcoin, but a majority of Americans expect the price to rise in the next five years. How’s this for a hero’s journey: In July 2010, one bitcoin cost just 5 cents. In December 2017, that figure had risen to nearly $20,000. And just three months ago, the price fell […]

General Motors Co’s (GM.N) Cadillac outscored Tesla Inc (TSLA.O) in a new ranking of partially automated driving systems tested by Consumer Reports and released on Thursday. The highly influential nonprofit organization, which tests and rates a variety of consumer products from appliances to vehicles, said it compared Cadillac’s Super Cruise and Tesla’s Autopilot with similar […]

MOSCOW/DUBAI )- Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. U.S. President Donald Trump has blamed the Organization of the Petroleum Exporting Countries (OPEC) for […]

The Finance Ministry said the use of consultants was normal, adding that suggestions a private company would be running Turkey’s economy were false. LONDON — Turkey’s president says his country is fighting an “economic war” with the United States and has called for a boycott of the dollar and American goods such as iPhones. But […]

WASHINGTON – U.S. President Donald Trump on Monday said a new free trade agreement with Canada and Mexico would support hundreds of thousands of U.S. jobs, marking it as a victory in his push to reshape the lines of global commerce. Financial markets breathed a sigh of relief that the United States and Canada had […]

Elon Musk must step down as Tesla chair and pay a fine after reaching a deal with US regulators over tweets he posted about taking the firm private. It follows Thursday’s decision by the Securities and Exchange Commission (SEC) to sue Mr Musk for alleged securities fraud. Under the deal, Mr Musk will remain as […]

WASHINGTON ( – Google Chief Executive Sundar Pichai has agreed to testify before the U.S. House Judiciary Committee later this year over Republican concerns that the company is biased against conservatives and will also attend a meeting with President Donald Trump, government officials said on Friday. Republicans want to question Google, the search engine of […]

Federal regulators say Musk had “not even discussed, much less confirmed, key deal terms.” The Securities and Exchange Commission sued Tesla CEO Elon Musk on Thursday, alleging that the billionaire tech entrepreneur misled the market when he tweeted last month that he had “funding secured” to take the electric carmaker private. The suit asks that […]

HONG KONG – Tencent Music, which owns China’s most popular music streaming apps, is often compared to Sweden’s Spotify Technology (SPOT.N) but it offers more in the way of socially interactive services that is helping it hit bigger notes in money making. The company, majority owned by Chinese tech powerhouse Tencent Holdings (0700.HK) and slated […]