World News

Elon Musk email: Tesla factory fire Sunday

A Tesla spokesperson confirmed the email along with said, “Last night, there was smoldering in an air filter inside the welding area of the body line. The smoldering was extinguished in a matter of seconds. There were no injuries or significant equipment damage, along with production can be back online.” CNBC previously reported which the paint shop in Tesla’s Fremont ...

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CYBG acquires Virgin Money for $2.3 billion

Mid-sized British bank CYBG said on Monday the item had clinched a deal to take over rival Virgin Money after over a month of talks, in a deal valuing the lender at around 1.7 billion pounds ($2.26 billion). The deal will create Britain’s sixth biggest bank by assets. the item is actually on the same terms as an increased bid ...

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Contactless tech helps debit card use in UK outstrip cash for first time

U.K. consumers made 13.2 billion debit card payments in 2017 compared to 13.1 billion cash payments, according to brand new research published Monday. in which represents the very first time in which debit card payments have overtaken cash as the U.K.’s most frequently used payment method, trade association U.K. Finance said. Online shopping, smartphones along with contactless payment technology have ...

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‘Market fragility’ could be ahead inside second half of 2018

As the second half of the year approaches, investors are looking at what might impact their investments. through trade issues to political uncertainty along with also central bank policy, there are many factors to assess. Nonetheless, the consensus view suggests in which a growth re-acceleration can be underway, with profits to be made inside equity market. “There are clear signs ...

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Audi CEO Rupert Stadler arrested, Volkswagen says

The head of Volkswagen’s luxury arm Audi was arrested on Monday, the most senior company official so far to be taken into custody over the German carmaker’s emissions test cheating scandal. Munich prosecutors said Rupert Stadler was being detained due to fears he might hinder an ongoing investigation into the scandal, plunging Volkswagen (VW) into a leadership crisis. News of ...

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Amazon Whole Foods effect on Google Shopping

Amazon’s Whole Foods deal had a ripple effect, according to Joe Rosenberg, a former strategic partnerships specialist for Google Shopping. “in which was a real wake-up call,” Rosenberg, who left Google in April to launch an e-commerce consulting firm, tells CNBC. “Deals we’d been discussing for years were suddenly fast-tracked to retailers’ C-suites.” Guru Hariharan, CEO of ecommerce startup Boomerang, ...

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Veteran tech investor sees record tech rally failing, turns to financials

One of Wall Street’s most established tech investors believes the historic tech rally will break down. Sloy, Dahl & Holst’s Paul Meeks blames frothy valuations. “The valuations are not pre-internet bubble popping valuations, however they still are extreme,” the firm’s chief investment officer said Friday on CNBC’s “Trading Nation.” The tech heavy Nasdaq has surged 9 percent over the past ...

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Trump’s trade war with China snares booming US bourbon market

As the birthplace of bourbon, Kentucky produces a staggering 95 percent of the entire world’s supply, employs approximately 17,500 workers along with also generates a cool $8.5 billion annually, according to the Kentucky Distillers Association. There will be so much bourbon coming out of the Bluegrass State of which there are more barrels of of which amber spirit — 6.7 ...

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