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The Powerball drawing, set for Saturday at 10:59 p.m., has a jackpot of $314 million. Mega Millions officials say no tickets matched all six numbers to claim the estimated $548 million grand prize. Mega Millions is heading into "mega" territory. The odds of winning Mega Millions are 1 in 302.6 million, which are actually less than the odds of winning the Powerball , which is 1 in 292.2 million.
  • Tesla shares jump after Musk settles with SEC

    Tesla shares jump after Musk settles with SEC

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    As part of the settlement, the company will appoint a new independent chairman, two independent directors and control Musk's communications. The $40 million penalty amount will be distributed to investors seeking justice under a court controlled procedure.
  • Elon Musk steps down as Tesla Chairman after Controversial Tweet

    Elon Musk steps down as Tesla Chairman after Controversial Tweet

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    The news of Tesla CEO Elon Musk settling with USA financial regulators sent the company's stock soaring Monday morning. The complaint "alleges that Musk violated antifraud provisions of the federal securities laws, and seeks a permanent injunction, disgorgement, civil penalties, and a bar prohibiting Musk from serving as an officer or director of a public company", the SEC said on Thursday when it filed the complaint at court.
  • SEC Lawsuit Against Musk Wiped $7.3 Billion From Tesla’s Market Value

    SEC Lawsuit Against Musk Wiped $7.3 Billion From Tesla’s Market Value

    Money

    The appointment of two new Board members, as well as the creation of a committee tasked with "placing additional controls and procedures to oversee" Musk's communications, were warmly received by the Tesla community as well. Elon Musk told Tesla employees that the company was on the cusp of making money, hours after he and the carmaker reached a settlement with the U.S.
  • Oil steady, supported by USA stocks and supply concerns

    Oil steady, supported by USA stocks and supply concerns

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    The United States benchmark for crude oil, the West Texas Intermediate also gained in price, going up by 1.4% to trade at $70.00 per barrel. Futures in London were little changed near $79 a barrel after a 1.3 percent gain Tuesday. "Investors are now assessing the Saudis' mixed message on oil prices versus its earlier pledge to increase output", said Hong Sungki, a commodities trader at NH Investment & Securities Co.in Seoul .
  • Trump extends Chinese trade war tariffs

    Trump extends Chinese trade war tariffs

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    Before the latest round of tariff announcements, China and the United had been preparing to hold a new round of talks this month. Despite this threat, China's commerce ministry said today that it had no choice but to retaliate against U.S.
  • Coca-Cola reportedly considering cannabis-infused drinks

    Coca-Cola reportedly considering cannabis-infused drinks

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    Last month, Corona beer brewer Constellation Brands announced it will spend $3.8 billion to increase its stake in Canopy Growth, the Canadian marijuana producer with a value that exceeds C$13 billion ($10 billion). If the deal comes through, it would mark a significant foray into the cannabis sector for the beverage company. Moreover, the leak sent shares of Aurora surging in early morning trading, with stock prices jumping 16 percent on Monday, holding at US$7.61 as of Monday afternoon.
  • President Trump Slaps China With Additional $200 Billion Tariffs

    President Trump Slaps China With Additional $200 Billion Tariffs

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    President Donald Trump on Monday said he had approved tariffs on roughly $ 200 billion of imports from China, including about $1 billion in bicycle products. The USTR said consumer electronics including as smartwatches, industrial chemicals, safety products, and child safety furniture like high chairs were exempted.
  • Iran says oil market held

    Iran says oil market held "hostage" by Saudi Arabia, Russia

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    In its latest monthly oil report, the IEA warned that the oil market is entering a "very crucial period", highlighting continued output decline in Venezuela , this week's attack on the headquarters of Libya's NOC and a sharp reduction in Iranian output ahead of the reinstatement of U.S.
  • Amazon chief Jeff Bezos gives $2bn to help the homeless

    Amazon chief Jeff Bezos gives $2bn to help the homeless

    Money

    Who would have thought that with all the wealth in the world, the richest man on Planet earth would wore his pair of pajamas in a board meeting. Now, with the announcement of the Bezos Day One Fund, we know what charitable areas the Bezoses will focus on.
  • Fuel Prices Increased. Left declares Bharat Bandh on Monday

    Fuel Prices Increased. Left declares Bharat Bandh on Monday

    Money

    While the Bharatiya Janata Party also claimed that the shutdown was "unsuccessful" because people understand the reasons why petrol and diesel prices were going up, the Congress termed the bandh as successful. The spike in prices has renewed calls for cut in excise duty but Finance Minister Arun Jaitley has remained non-committal, saying worldwide oil prices are volatile and have not shown any linear movement.
  • Elon Musk smokes weed on Joe Rogan podcast

    Elon Musk smokes weed on Joe Rogan podcast

    Money

    They did the kind of things you'd expect people to do on Joe Rogan's podcast: they talked about the cosmos, the rise of AI, samurai swords, and drugs. Separately, human resources chief Gabrielle Toledano told Bloomberg she planned to exit the company, rather than return from a leave of absence.
  • Campaign Obama Reemerges As Former President Delivers Fiery Rebuke Of Trump

    Campaign Obama Reemerges As Former President Delivers Fiery Rebuke Of Trump

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    Trump has urged his supporters to vote for Republican candidates to support his agenda, and in a speech in Montana on Thursday, he raised the specter of impeachment by Democrats to rally his base. Obama issued a scorching critique of President Donald Trump on Friday in a speech at the University of IL at Urbana-Champaign. "Isn't this much more exciting than listening to President Obama speak?" he asked the crowd.
  • Goldman drops bitcoin trading plans for now

    Goldman drops bitcoin trading plans for now

    Money

    A crypto analyst, Pomp, who observed Bitcoin dominance yesterday at 53% said: "Crypto total market cap: $240 Billion Bitcoin dominance: 53%". "We have not reached a conclusion on the scope of our digital asset offering", Goldman Sachs .
  • Elon Musk's Joke Isn't Funny Any More

    Elon Musk's Joke Isn't Funny Any More

    Money

    But that's not it. On Friday morning, Tesla announced that Dave Morton , its chief accounting officer, had tendered his resignation on Tuesday - less than a month after he had joined the company. " Elon Musk is just smoking it out in the open, knowing that he uses his very vague drug policy as a way to fire people that are a threat to him". His departure came as Tesla faces the prospect of a Securities and Exchange Commission investigation into Musk's aborted plan.
  • Trump Presses Apple to Shift Production to U.S.

    Trump Presses Apple to Shift Production to U.S.

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    Trump acknowledged in a tweet that "Apple prices may increase because of the massive Tariffs we may be imposing on China ", but suggested the issue was not with the tariffs themselves. "There is still an impact from front-loading of exports, but the main reason (for still-solid export growth) is strong growth in the USA economy ", said Zhang Yi, an economist at Zhonghai Shengrong Capital Management .