Reuters



MUSK FILES HIS DEFENSE: Says SEC seeks to violate his First Amendment rights, and its filing ‘smacks of retaliation and censorship’

MUSK FILES HIS DEFENSE: Says SEC seeks to violate his First Amendment rights, and its filing ‘smacks of retaliation and censorship’

Tesla CEO Elon Musk Aaron Bernstein / Reuters TheSEC gave Tesla CEO Elon Musk until March 11 to argue why he did not violate a court order last month after he tweeted an inaccurate statement about the company’s vehicle production.The SEC order had mandated that Musk seek approval for tweets material to the company.Musk filed…


‘It’s show time’: Apple to launch TV streaming in April

‘It’s show time’: Apple to launch TV streaming in April

The TV service is expected to launch globally, an ambitious move to rival services from Netflix and Amazon’s Prime Video. Apple’s App Store, where the service is likely to be distributed, is now available in more than 100 countries.The potential sales from a television service have become a focus of investors after Apple in January…


Tesla made a drastic change to its bonus structure before it decided to cut costs by closing stores, salespeople say

Tesla made a drastic change to its bonus structure before it decided to cut costs by closing stores, salespeople say

Hannibal Hanschke / Reuters Tesla dramatically altered its bonus structure for retail employees last year, current advisers tell Business InsiderAt the same time, the company merged all sales roles to encompass both car and energy products.The changes came as Tesla raced to deliver vehicles ahead of a quarterly deadline.Last week, CEO Elon Musk announced the…


Pakistan closed the entire country’s airspace after claiming to shoot down two jets in a dogfight with India

Pakistan closed the entire country’s airspace after claiming to shoot down two jets in a dogfight with India

An Indian army solider walks past the wreckage of an Indian aircraft after it crashed in Budgam area, outskirts of Srinagar, Indian controlled Kashmir, Wednesday. AP Photo/Mukhtar Khan Pakistan’s civil aviation authority has closed the country’s airspace as tensions with India escalate. Pakistan says that it shot down two Indian jets and has two Indian…


Ontario regulator failed to make checks on risky mortgage brokers, documents show

Ontario regulator failed to make checks on risky mortgage brokers, documents show

TORONTO — The financial services regulator in Canada’s biggest province failed to make planned checks on mortgage brokers it had identified as risky because its resources were stretched, according to documents obtained by Reuters under freedom of information laws and information provided by the regulator.The Financial Services Commission of Ontario (FSCO) planned to complete five…


Mammoth Dow Jones Rally Should Follow End to US-China Trade War

Mammoth Dow Jones Rally Should Follow End to US-China Trade War

Mammoth Dow Jones Rally Should Follow End to US-China Trade WarThe U.S. stock market stands to see a massive boost from a new U.S.-China trade deal. | Source: ShutterstockAccording to an exclusive Reuters report, the U.S. and China are moving rapidly to establish a comprehensive trade deal, a move that could fuel the rally of…


Walmart beats as online sales surge (WMT)

Walmart beats as online sales surge (WMT)

Jeff Mitchell / Reuters Walmart posted strong fourth-quarter results Tuesday, beating on both the top and bottom lines and on same-store sales. Online sales surged 40% for the 2019 fiscal year. The retail giant reiterated its fiscal-year 2020 forecast. Walmart shares were up 4.6% following the results. Watch Walmart trade live. Walmart on Tuesday blew…


Twitter is sliding despite beating Wall Street expectations

Twitter is sliding despite beating Wall Street expectations

Twitter CEO Jack Dorsey. Reuters Twitter reported its fourth-quarter earnings before the opening bell on Thursday. It’s generally been a happy earnings season for Silicon Valley, with the likes of Facebook and Snap topping Wall Street expectations. Twitter was under pressure to do the same, and it beat or matched analyst forecasts on some key…