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Musk has gained legions of fans for his bold approach to business and technology, using his 23 million Twitter followers account to promote Tesla , his rocket company SpaceX, and tunnel venture, the Boring Co. The SEC's lawsuit charged that the tweet, which caused Tesla's shares to jump, was misleading because he did not actually have the funding lined up for such a move.
  • U.S., Mexico to release text of trade deal without Canada

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    Trudeau said "a good, fair deal is still very possible". Trump, who wants major changes to the 1994 treaty, has struck an agreement with Mexico and is threatening to leave out Canada unless it signs up by this Sunday. Trump also said he gave Trudeau the cold shoulder "because his tariffs are too high and he doesn't seem to want to move - and I told him, 'Forget about it'".
  • Tesla stock price: Elon Musk sued by the SEC

    Tesla stock price: Elon Musk sued by the SEC

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    Love knows no bounds, including getting yourself charged with fraud by the U.S. Securities and Exchange Commission. Then they buy the shares back at a lower price and return them to the lenders, pocketing the profit. Musk has at least two other ongoing lawsuits; one filed by a British cave diver he called a "pedo" and another by various shareholders who claim that the above-mentioned Tweet was a method of defrauding investors.
  • Elon Musk Rejected Tesla SEC Settlement at Last Minute

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    Tesla plunged as much as 14 percent in early trading Friday after the U.S. Securities and Exchange Commission alleged that Musk committed fraud by tweeting last month that he'd secured funding to take the company private. But Musk also could agree to step down as CEO and instead take another title, such as chief production officer. But after Musk's lawyers turned it down Thursday, the sources said, the agency "rushed to pull together" the complaint they filed that afternoon.
  • Facebook hack exposed info on up to 50 million users

    Facebook hack exposed info on up to 50 million users

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    In a news release , Facebook says attackers exploited code the impacted the " View As " feature, which allows users to see what their profile looks like to someone else. The issue affected almost 50 million accounts, which would require users to re-enter their passwords. Facebook , therefore, automatically logged out nearly 50 million potentially compromised accounts as an extra precautionary measure.
  • May facing ministerial resignations over #Brexit plan

    May facing ministerial resignations over #Brexit plan

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    Foreign Secretary Jeremy Hunt said Britain would not "capitulate" to the EU's demands and urged the bloc to engage with May's proposals. He pledged Saturday to join Tory rebels and shut down May's Chequers deal to force the prime minister into a general election .
  • Tesla is making its own car carriers

    Tesla is making its own car carriers

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    Long-time Tesla owners want to be part of what they see as a historic moment for the Palo Alto, California-based company. Some Tesla reservation holders received emails that offered "a limited number of Model 3 Rear-Wheel Drive vehicles on display that are available for immediate delivery".
  • Trump dumps on Canada, says he rejected NAFTA meeting with Trudeau

    Trump dumps on Canada, says he rejected NAFTA meeting with Trudeau

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    A spokeswoman for the Canadian prime minister denied that he had requested any such meeting, but Trump's comments on Wednesday marked a new low in relations between the two leaders. He said that's why the USA had an average eight hundred billion dollars a year in trade losses over five or six years. The administration is looking to inform Congress of a plan for a new North American trade agreement by Sunday, which would allow Mexican President Enrique Peña Nieto to sign it on November 30, ...
  • Fox and Disney to sell minority Sky stake to Comcast

    Fox and Disney to sell minority Sky stake to Comcast

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    It ends speculation around what Disney and Fox bosses Bob Iger and Rupert Murdoch were going to do with the 39 per cent stake after losing the dramatic auction for Sky at the weekend. "For almost 30 years we have invested to create a dynamic and exciting business that has produced excellent returns for shareholders and has become one of the most admired companies in Europe".
  • Hedge funds bet on shortage of Brent oil: Kemp

    Hedge funds bet on shortage of Brent oil: Kemp

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    At 0840 GMT, Brent North Sea crude for delivery in November soared to a peak of $80.94 per barrel. However, Saudi Arabia's leadership of 24 oil-producing countries will be threatened if these states realise that the Kingdom is satisfying Washington's wishes at their expense.
  • Michael Kors Buys Versace For $2.59 Billion

    Michael Kors Buys Versace For $2.59 Billion

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    Michael Kors , with roots in the United States but headquartered in London, has struck a deal to buy Versace for 1.83 billion euros ($2.1 billion), a statement said . Long known for its boldness - eclectic prints, bright colors, its arresting Medusa head logo - Versace has struggled to adapt. Michael Kors has said that it has agreed to buy luxury brand Versace , AFP is reporting .
  • Rouhani Warns Washington Against Preventing Iran From Exporting Oil

    Rouhani Warns Washington Against Preventing Iran From Exporting Oil

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    President Donald Trump is pictured speaking during his meeting with Colombian President Iván Duque at the United Nations . One of his key themes, however, was the right of America to pursue its own path in the world. Trump and South Korean President Moon Jae-in met at the United Nations , where many world leaders are gathering this week for the General Assembly .
  • OPEC Gives Tepid Response to Trump's Demand for Lower Oil Prices

    OPEC Gives Tepid Response to Trump's Demand for Lower Oil Prices

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    On Sept. 20, Trump sent a tweet demanding OPEC produce more to get oil prices down and goose the USA economy. LONDON, Sept 24 ( Reuters ) - Hedge fund managers made only minor adjustments to their overall position in petroleum futures and options in the latest week but continued their rotation out of West Texas Intermediate into Brent .
  • Instagram co-founders resign after 'clash' with Facebook's Zuck

    Instagram co-founders resign after 'clash' with Facebook's Zuck

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    Facebook can't afford to let that growth stall . But Facebook has turned into a drag on the group. The camera-oriented social network is, according to a Bloomberg analysis , now worth around $100 billion. Instagram has been one of Facebook's most successful acquisitions. Instagram was founded in 2010 and at first was a location check-in app called Burbn.