It's been over a week and Wall Street still has some crucial questions about Tesla's earnings blow out

Tesla smashed expectations in with its most recent quarterly earnings report, turning a profit for only the 3rd time in its history. Still, Wall Street has noticed that a bunch of the numbers leave more questions about how Tesla got there. Plus, Tesla’s plans for the future are very ambitious. Even with this influx of cash, investors are wondering how […]

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Heeding China's call, Hong Kong tightens grip on dissent

HONG KONG (Reuters) – As Hong Kong’s government hews closer to Beijing, officials are taking a tough line on perceived national security threats, even deploying an elite police unit for political monitoring and surveillance – a sharp escalation in rhetoric and action. In just the last few months, the special administrative region has banned the Hong Kong National Party, which […]

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Hengli’s high-tech petroleum complex breathes down PetroChina’s neck

DALIAN, China (Reuters) – On reclaimed land on the island of Changxin near the port of Dalian, workers are putting the finishing touches on a plant that is the future of China’s refining and petrochemical industry. Hengli Petrochemical’s new refining, petrochemical complex is seen at Changxing island in Dalian, Liaoning province, China July 16, 2018. Picture taken July 16, 2018. […]

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Now you see it, now you don’t: oil surplus vanishes ahead of Iran…

LONDON (Reuters) – An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices. FILE PHOTO: Motor oil bottles are seen in the packaging plant at American Refining Group Inc., the oldest continuously operated refinery […]

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Russia sent a massive naval armada to Syria — and looks to be readying to fight the US

Russian President Vladimir Putin takes part in celebrations for Navy Day in Baltiysk, Kaliningrad region, Russia, July 26, 2015. REUTERS/RIA Novosti/Mikhail Klimentyev/Kremlin Russia has positioned a considerable naval armada in the Mediterranean near Syria after accusing the US of plotting a false flag chemical weapons attack in the country. International investigators link Syria’s Moscow-backed government as carrying out dozens of […]

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Jolted by ex-allies’ criminal cases, Trump faces election and legal…

WASHINGTON/CHARLESTON, W.Va. (Reuters) – President Donald Trump suffered twin setbacks on Tuesday with two ex-advisers facing prison sentences – and one of them saying Trump told him to commit a crime – possibly hurting his Republican Party’s election prospects and widening a criminal probe that has overshadowed his presidency. FILE PHOTO – U.S. President Donald Trump speaks at a Make […]

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Australia’s opposition Labor sitting pretty as PM’s leadership…

SYDNEY (Reuters) – Australia’s opposition Labor Party looks to be in the envious position of having to do little to ensure victory in the next election after Prime Minister Malcolm Turnbull survived a damaging leadership challenge on Tuesday. Prime Minister Malcolm Turnbull at a news conference at Parliament House in Canberra, Australia, August 21, 2018. AAP/Mick Tsikas/via REUTERS Polling and […]

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If rupee slump persists, it can hurt India’s Modi

NEW DELHI/MUMBAI (Reuters) – The rupee’s plunge to a record low has worried a wide cross-section of India’s society: companies, importers, those going on vacation and students planning to study overseas. But if the weakness persists, Prime Minister Narendra Modi’s job could become a lot harder just before big state and national elections. Indian Prime Minister Narendra Modi arrives to […]

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