Business

A Question for Tesla’s Board: What Was Elon Musk’s Mental State?

[ad_1] There’s no question that Elon Musk is one of the great entrepreneurs of this era. He may even be in “a class of one,” as he recently described Tesla, the revolutionary electric car company he founded.But Mr. Musk’s tweet last week — expressing his intent to take Tesla private and declaring that he had “funding secured” for the multibillion-dollar transaction — was so impulsive, potentially inaccurate, poorly worded and
Business

Are Targeted Ads Stalking You? Here’s How to Make Them Stop.

[ad_1] Online ads have always been annoying, but now they’re worse than ever.Consider what happens when you shop online for a wristwatch. You peruse a few watch websites and the next thing you know, a watch advertisement is following you everywhere. On your computer, it’s loading in your Facebook feed. On your phone, it’s popping up on Instagram. In your web browser on either, it’s appearing on news sites that
Business

Uber narrows losses but growth slows

[ad_1] Image copyright Getty Images Uber narrowed its losses in the second quarter but remains a long way from turning a profit, according to company results published on Wednesday. The ride-hailing firm reported an $891m (£702m) net loss for the three months to 30 June, compared with a $1.1bn loss a year ago.Revenue growth slowed and the firm continues to face regulatory scrutiny in key markets such as New York.
Business

Twitter Suspends Alex Jones and Infowars for Seven Days

[ad_1] WASHINGTON — Twitter on Tuesday suspended the account of the far-right conspiracy theorist Alex Jones for a week after he tweeted a link to a video calling for supporters to get their “battle rifles” ready against media and others, in a violation of the company’s rules against inciting violence.The social media company followed up on Wednesday by also suspending the account for Infowars, the media website founded by Mr.
Business

Why Turkey’s Crisis Feels Familiar for Emerging Markets: It’s the Debt

[ad_1] On Wednesday, the lira rebounded to 6 against the dollar from its recent low of 7.2, helped by steps the Turkish government took this week to limit sales of lira for dollars, and a reported promise by the emir of Qatar to invest $15 billion in Turkey.Regulators also took an unusual step to help troubled banks, suspending the requirement that banks book losses on the value of their plummeting
Business

Knightsbridge cafe accountant admits lying about staff pensions

[ad_1] Image copyright PA Image caption Hashmukh Shah admitted purposely misleading officers from The Pensions Regulator An accountant has admitted lying about employees having a workplace pension, in the first prosecution of its kind. Hashmukh Shah, 63, misled The Pensions Regulator (TPR) by saying staff at Gran Caffe Londra, opposite Harrods, had a pension scheme to avoid an inspection.Since 2013 employers have been obliged to set up a scheme for
Business

S.E.C. Is Said to Subpoena Tesla After Elon Musk’s Take-Private Tweet

[ad_1] Federal securities regulators have served Tesla with a subpoena, according to a person familiar with the investigation, increasing pressure on the electric car company as it deals with the fallout from several recent actions by its chief executive, Elon Musk.The subpoena, from the Securities and Exchange Commission, comes days after regulators began inquiring about an Aug. 7 Twitter post by Mr. Musk, in which he said he was considering
Business

Chocolate-Making Is Secretive. This Chocolatier Isn’t.

[ad_1] In a Las Vegas strip mall, Melissa Coppel is teaching cooks from all over the world how to create the perfect bonbon.Melissa Coppel runs a school in Las Vegas that specializes in precise chocolate-making techniques, big flavors and colorful, intricate design.CreditJoe Buglewicz for The New York TimesLAS VEGAS — The first lesson of the day concerned the spray gun — a powerful, deafening contraption filled with tinted cocoa butter.
Business

Gin is just the tonic for exports | City & Business | Finance

[ad_1] The increase was driven by drinkers acquiring a taste for premium, small batch spirits.Sales volumes reached a new seven per cent high and overall value climbed 12 per cent driven by overseas customers cracking open 189 million bottles worth £530 million.While the £184 million US market is the biggest, Asia and Australasia grew 13 per cent to £31 million, prompting leading body the Wine and Spirit Trade Association to
Business

Wall St Slips, Turns Risk Averse on Strong Dollar, Trade Worries

[ad_1] (Reuters) - U.S. stock indexes slid on Wednesday in a broad decline over concerns of a strengthening dollar, Turkey's currency crisis and United States' trade relations with its partners.Seven of the 11 major S&P sectors were lower, with energy and metal and mining companies hit by rising commodity prices. While trade-sensitive companies such as Boeing and Caterpillar fell, the usually trade-agnostic technology stocks also dropped.The dollar index hovered near