Day: April 17, 2018

Vinnyd April 17, 2018

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Tess Torelli April 17, 2018

Tesla shares bumped up more than 1 percent in after hours trading on Tuesday, after electric vehicle blog Electrek reported it obtained an email from Tesla CEO Elon Musk, that says the company is halting production at its two main factories for several days to upgrade equipment, and aims to produce 6,000 Model 3 cars […]

Tess Torelli April 17, 2018

When President Donald Trump went to West Virginia this month to tout the Republican tax plan, his main political target in the state prodded the president on two major issues. Sen. Joe Manchin, a Democrat running for re-election in a state Trump won easily in 2016, asked what would happen to West Virginia residents who […]

Tess Torelli April 17, 2018

A move by the United States to ban American firms selling components to the Chinese telecom equipment maker ZTE Corp will also hit a target closer to home: Qualcomm Inc, a U.S. company that is a major supplier of chips for ZTE’s phones. The U.S. Department of Commerce slapped a seven-year ban on sales to […]

Tess Torelli April 17, 2018

Netflix stock soared following Monday’s after-hours earnings call, when the company reported a greater-than-expected number of new subscribers. But Michael Graham, managing director and senior equity analyst at Canaccord Genuity, said this is only the beginning. “If you look at the penetration that Netflix has in all of the different … countries that it’s in, […]

Tess Torelli April 17, 2018

Amazon CEO Jeff Bezos tweaked President Donald Trump via Twitter on Monday, following two Pulitzer Prize wins by The Washington Post. Bezos praised the reporters at the Post for their reporting that led to “Alabama” and “Moscow,” referencing the two story topics that landed the journalism prizes — and embarrassed the president. Trump endorsed Roy […]

Tess Torelli April 17, 2018

Since Trump took office, though, Ryan has largely refrained from any criticism of the president. The House speaker said the president “absolutely” did not influence his decision to leave at the end of his current term. Ryan has said he merely wanted to spend more time with his family. The GOP is trying to hold […]

Tess Torelli April 17, 2018

Effective April 1, China slapped a new 25 percent tariff on U.S. pork imports and more than 100 other products. But so far poultry hasn’t been put on the targeted list. “Export is important to us but it’s a relatively small part of what we do,” said Day. “The bulk of our business is domestic.” […]