• Elon Musk says Tesla will fix Model 3 braking issues after Consumer Reports slams the car for 'big flaws'

    4 monthes ago - By Chron

    Mark Brake / Getty Images
    Tesla CEO Elon Musk said the Model 3 sedan will receive a software update to address braking issues described by Consumer Reports.
    The publication did not recommend the vehicle, criticising its stopping distance, touchscreen, ride quality, rear seat, and the amount of wind noise it produced while driving at highway speeds, while complimenting its range, handling, and acceleration.
    Musk wrote that he was surprised by Consumer Reports' account of Model 3 braking issues and said Tesla will roll out a software update to improve the vehicle's braking system.
    Tesla CEO...
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  • Morning News: May 22, 2018

    4 monthes ago - By Crossing Wall Street

    Europe's Italian Problem Is Bigger Than Brexit
    U.S., China Agree on Outline to Settle ZTE Controversy
    China Makes Massive Cut to Car Tariffs After Truce With Trump
    Forget About Oil at $80. The Big Rally Is in Forward Prices
    Sony to Buy Out EMI Music Publishing for About $2 Billion
    GE to Merge Rail Division With Wabtec in $11 Billion Deal
    IHS Markit Agrees to Buy Ipreo for $1.86 Billion
    Adobe Buys Magento for $1.68 Billion to Target E-Commerce
    Introducing the New Fortune 500 List
    Consumer Reports: We Can't Recommend Tesla's Model 3
    The Movement to Break Up Facebook Has Begun
    U.K. Unlikely...
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  • US Steel is surging after Mnuchin says the steel tariffs are still on for China

    US Steel is surging after Mnuchin says the steel tariffs are still on for China

    4 monthes ago - By Business Insider

    US Steel Corporation is surging Tuesday after Treasury Secretary Steven Mnuchin said the steel and aluminum tariffs still apply to China.
    On Monday, President Donald Trump said $150 billion worth of tariffs on Chinese imports would be suspended. US Steel shares fell in anticipation the steel and aluminum tariffs were included.
    Watch US Steel trade in real time here.
    US Steel is surging Tuesday, up 3.57%, after Treasury Secretary Steven Mnuchin said steel and aluminum tariffs will remain in place for China. The gains have erased the losses that developed on Monday after Trump said the US...
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  • US Steel is surging after Mnuchin says the steel tariffs are still on for China

    US Steel is surging after Mnuchin says the steel tariffs are still on for China

    4 monthes ago - By Business Insider

    US Steel Corporation is surging Tuesday after Treasury Secretary Steven Mnuchin said the steel and aluminum tariffs still apply to China.
    On Monday, President Donald Trump said $150 billion worth of tariffs on Chinese imports would be suspended. US Steel shares fell in anticipation the steel and aluminum tariffs were included.
    Watch US Steel trade in real time here.
    US Steel is surging Tuesday, up 3.57%, after Treasury Secretary Steven Mnuchin said steel and aluminum tariffs will remain in place for China. The gains have erased the losses that developed on Monday after Trump said the US...
    Read more ...

     

  • US Steel is surging after Mnuchin says the steel tariffs are still on for China

    US Steel is surging after Mnuchin says the steel tariffs are still on for China

    4 monthes ago - By Business Insider

    US Steel Corporation is surging Tuesday after Treasury Secretary Steven Mnuchin said the steel and aluminum tariffs still apply to China.
    On Monday, President Donald Trump said $150 billion worth of tariffs on Chinese imports would be suspended. US Steel shares fell in anticipation the steel and aluminum tariffs were included.
    Watch US Steel trade in real time here.
    US Steel is surging Tuesday, up 3.57%, after Treasury Secretary Steven Mnuchin said steel and aluminum tariffs will remain in place for China. The gains have erased the losses that developed on Monday after Trump said the US...
    Read more ...

     

  • US stocks edge higher as technology companies, banks rise

    4 monthes ago - By Chron

    NEW YORK - Technology companies and banks are rising Tuesday morning as U.S. stocks head higher for the second day in a row. Automakers are climbing after China said it will reduce auto import duties, another sign the two powers are resolving some of their differences on trade. Chipmaker Micron Technology is surging after it said it will buy back $10 billion in stock.
    KEEPING SCORE: The S&P 500 index gained 6 points, or 0.2 percent, to 2,739 at 10 a.m. Eastern time. The Dow Jones industrial average rose 10 points to 25,023. The Nasdaq composite picked up 20 points, or 0.3 percent, to...
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  • China, U.S. near deal on ZTE, Beijing cuts auto tariffs

    4 monthes ago - By Reuters

    Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world's two largest economies. Kate King reports
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  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    4 monthes ago - By Business Insider

    Here is what you need to know.
    China cuts tariffs on auto imports as talk of Trump's trade war eases. Import tariffs will be cut to 15% from 25% for most vehicles starting July 1, China's Ministry of Finance said in a statement.
    A major sell-off is taking place in corporate bonds. US corporate debt is suffering one of its worst sell-offs in 18 years, according to JPMorgan research cited by Bloomberg, which shows corporate bonds just posted "their third-worst 100-day returns since 2000."
    More Americans are struggling to pay their credit-card bills, and the thing holding them back is only...
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  • Automakers are rallying after China says it will reduce tariffs on US cars

    Automakers are rallying after China says it will reduce tariffs on US cars

    4 monthes ago - By Business Insider

    China said Tuesday it will lower the tax on imported vehicles to 15% from 25%.
    Automaker stocks were up as much as 2.6% on the news.
    American automakers are rallying after China said it would cut tariffs on most imported vehicles from 25% to 15% starting July 1.
    Fiat Chrysler : +2.6%
    General Motors : +1.1%
    Ford : +0.8%
    Tesla : +0.9%
    China's Finance Ministry said Tuesday the average tax will be 13.8% going forward. The move was originally announced last month in order to open the world's largest auto market to foreign companies. It will also remove long-standing caps on foreign ownership of...
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  • GM, Tesla shares rise after China says it will cut tariffs on car parts and vehicles

    4 monthes ago - By CNBC

    The Chinese Finance Ministry says tariffs on certain vehicles will come down to 15 percent from as much as 25 percent.
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