Business

Tesla shares plunge after reports it is seeking refunds

Tesla shares plunge after reports it is seeking refunds

Analysts say Tesla needs to sell a lot more cars. "It would not be correct to apply historical cost savings to current quarter". As investors started to get restless, Musk kept on making grand promises for future Tesla models and new Model 3 versions, which probably only added investor annoyance.



Tesla shares plummet after reportedly asking suppliers for cash rebates

Shares of Tesla fell as much as 5.7 percent Monday morning following a report that the money-losing electric vehicle maker was hitting up suppliers for cash rebates. "It would not be correct to apply historical cost savings to current quarter". Tesla has been burning through cash as it ramps up production of its Model 3 sedan.


Ritz cracker products recalled over salmonella risk

Ritz cracker products recalled over salmonella risk

The U.S. Food and Drug Administration is aware of the recall of the products. Recalled products include several types of Ritz Bits, cheese cracker sandwiches, and cracker variety packs. However, consumers should discard any of these products they may have, the company said. Anyone wanting more information can call Mondelēz Global LLC at 1-844-366-1171.


Winning numbers drawn in $433M Mega Millions game

Winning numbers drawn in $433M Mega Millions game

According to the Kansas Lottery, Friday night's Mega Millions drawing kicks off the weekend with a jackpot worth an estimated $422 million, including a cash option of $254.8 million. The Lotto America jackpot has been climbing since being won in Iowa on May 5th. While no one won the big prize, the lottery announced two tickets - in IL and Pennsylvania - won $1 million each.


Trump may slap tariffs on all $505 bn of Chinese imports

Trump may slap tariffs on all $505 bn of Chinese imports

Many analysts now fear there will be no significant movement towards resolution until after USA mid-term elections in November. The yuan, which has fallen about 10 percent since mid-April, is expected to extend its steady decline, providing Beijing with a buffer against punitive United States trade tariffs.


Facebook Suspends Analytics Firm As It Investigates Data Practices

Facebook Suspends Analytics Firm As It Investigates Data Practices

According to a report in The Wall Street Journal late on Friday, the social media giant was investigating whether the analytics firms' contracts with the U.S. "We take these allegations seriously". 'Government entities that leverage the Crimson Hexagon platform do so for the same reasons as many of our other non-government customers: a broad-based and aggregate understanding of the public's perception, preferences and sentiment about matters of concern to them, ' he wrote.