Tesla to discontinue some Model S and Model X interiors to streamline production – Elon Musk

Tesla to discontinue some Model S and Model X interiors to streamline production – Elon Musk

Over the last few years, Tesla has already simplified its interior options in order to streamline its production, but now the automaker is about to further streamline its options. CEO Elon Musk urges buyers to secure the interior they want now before they go away. Last year, Tesla started bundling interior finish options for the Model S and Model X in order to create curated options and streamline its production process. It resulted in buyers having fewer choices when configuring the interior of the vehicle. However, Tesla says that they are now choosing…

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Barclays Q3 Earnings Surprise  Investors Despite Brexit Fear

Barclays Q3 Earnings Surprise  Investors Despite Brexit Fear

BARCLAYS POSTED £1 BILLION ($1.29 BILLION) IN NET INCOME FOR THE THREE-MONTH PERIOD ENDING SEPT 30. ANALYSTS AT DATA FIRM REFINITIV HAD BEEN EXPECTING THIRD-QUARTER NET INCOME TO COME IN AT AROUND £723 MILLION. The bank has struggled to shake off long-standing reputational issues after several years of scandal. The most recent of which cantered on allegations of unlawful whistle-blower mistreatment in early 2017. Shares of the bank have fallen nearly 20 percent year-to-date. WATCH NOW VIDEO02:06 Surprising to see Barclays not doing better than Deutsche Bank: Expert Barclays reported stronger-than-anticipated…

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OPEC, Allies To Ink Supply Deal In December

OPEC, Allies To Ink Supply Deal In December

  Saudi Arabian Energy Minister Khalid Al Falih, attends a news conference after a meeting of the 4th Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting in Vienna, Austria ob June 23, 2018. Askin Kiyagan | Anadolu Agency | Getty Images Saudi Arabia hopes OPEC and other oil producers will sign a deal in December to extend cooperation to monitor and stabilize the oil market, said the kingdom’s energy minister on Tuesday. Khalid al-Falih said at an investment conference in Riyadh that the oil market was in a “good place.” The…

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UNILEVER SHARES TRADE LOWER

UNILEVER SHARES TRADE LOWER

Unilever shares are one of the day’s biggest fallers on the FTSE 100, which is down 0.2% at 7,041 at lunchtime. Investors seem underwhelmed by the consumer goods giant’s trading update, which saw sales rise – but below analysts’ consensus. The stock is down 1.5%. All eyes are on the maker’s of Marmite and Dove soap following this month’s U-turn on moving out of London. “The numbers highlight the pros and cons of Unilever’s significant emerging market exposure,” says Hargreaves Lansdown equity analyst George Salmon. “It’s encouraging to see underlying…

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Auto Makers, Dealers Believe The Long-Expected Decline Is An Eventuality

Auto Makers, Dealers Believe The Long-Expected Decline Is An Eventuality

A growing number of auto dealers around the country is seeing a noticeable drop in retail sales and customer traffic in showrooms, raising the possibility that a long-anticipated slowdown in auto sales has arrived. “We are definitely seeing business pull back,” said Scott Adams, the owner of a Toyota dealership in Lee’s Summit, Missouri, just outside Kansas City. “September was off some, but this month our car sales are down 12 percent and our truck sales are down 23 percent.” Other dealers tell CNBC they saw a significant drop in…

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Venezuela Looks To Asia, Europe To Fund Hard Currency Transactions

Venezuela Looks To Asia, Europe To Fund Hard Currency Transactions

  Venezuela is seeking to open bank accounts in Asia and Europe to carry out hard currency transactions, Economy Vice President Tareck El Aissami said on Tuesday, as the OPEC nation seeks to overcome U.S. sanctions that have hurt its foreign commerce.Hyperinflation-stricken Venezuela is in its fifth year of recession, prompting a surge in emigration that has overwhelmed its South American neighbors.President Nicolas Maduro frequently blames a U.S. “economic war” for Venezuela’s chronic shortages of food, medicine and other basic goods. Critics attribute the crisis to Maduro’s policies, including a…

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U.S. Crude Rallies Upwards On Account Of Saudi Tensions

U.S. Crude Rallies Upwards On Account Of Saudi Tensions

U.S. Crude Rallies Upwards On Account Of Saudi Tensions, Stockpiles Oil prices edged up on Thursday, steadying after a big drop overnight due to a jump in U.S. crude stockpiles and supported by ongoing tensions over the death of a prominent Saudi journalist. U.S. West Texas Intermediate crude for October delivery was up 17 cents, or 0.2 percent, at $69.92 a barrel by 0031 GMT, after falling 3 percent in the previous session to settle below $70 for the first time in a month. Front-month London Brent crude for December…

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Amazon Workers Across U.S To Earn $15 As Minimum Wage

Amazon Workers Across U.S To Earn $15 As Minimum Wage

The new minimum wage will benefit more than 250,000 Amazon employees — including part-time and temporary employees — as well as another 100,000 seasonal employees, the company said. Some employees who already make $15 per hour will also see a pay increase. Amazon said the effect of the higher pay will be reflected in its forward-looking quarterly guidance. Shares of Amazon were trading a fraction of 1 percent lower before the market open. The company and CEO Jeff Bezos have been facing criticism for its pay disparity. Sen. Bernie Sanders last…

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Crude Oil Priced At $84.50 On Account Of Iran Concerns

Crude Oil Priced At $84.50 On Account Of Iran Concerns

Brent oil prices fell on profit-taking on Tuesday buy remained near their highest since November 2014 as markets braced for tighter supply once U.S. sanctions against Iran kick in next month. The international crude oil benchmark lost 48 cents to $84.50 per barrel by 1002 GMT after reaching a new four-year high of $85.45 in the previous session. U.S. West Texas Intermediate (WTI) crude futures were up 3 cents at $75.33 a barrel, having hit a four-year high of $75.91 earlier in the session. Brent and WTI have roughly tripled…

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Canada and US reach deal to replace NAFTA

Canada and US reach deal to replace NAFTA

The United States and Canada have agreed to a deal replacing the North American Free Trade Agreement, according to a senior U.S. administration official. The new deal has been deemed the USMCA — the United States-Mexico-Canada Agreement — the official said, and the text would be made available to the parties involved within hours of the agreement. The plan is for the leaders of the three North American countries to sign before the end of November, after which it would be submitted to Congress. The negotiations between American and Canadian officials involved offering more…

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