Thai rescue mission diver mulls legal action after Elon Musk calls him ‘pedo guy’

Thai rescue mission diver mulls legal action after Elon Musk calls him ‘pedo guy’

A British diver involved in the mission to save 12 Thai boys and their soccer coach is considering legal action against Elon Musk after the Tesla boss labeled him “pedo guy.” Spelunker Vernon Unsworth had called a submarine crafted by a team of Musk’s technicians a “PR stunt.” Billionaire Musk had suggested the vessel —…
Amazon sellers say they were unfairly suspended before Prime Day, and now have two bad choices

Amazon sellers say they were unfairly suspended before Prime Day, and now have two...

On July 9, Amazon put out a press release saying that Prime Day, the giant upcoming shopping extravaganza, "has proven to be a huge growth opportunity for many small and medium-sized businesses." That same day, an online seller named Diana Schappert got an email from an Amazon employee who goes by Paul. It came with…
Wreck of Russian warship found, believed to hold gold worth $130 billion

Wreck of Russian warship found, believed to hold gold worth $130 billion

A South Korean salvage team has reportedly discovered the wreck of a Russian warship that is believed to still contain 200 tons of gold bullion and coins worth 150 trillion won ($130 billion). The Russian Imperial Navy cruiser Dmitrii Donskoi, which was sunk in a naval battle 113 years ago, was discovered at a depth…
How Satya Nadella tripled Microsoft’s stock price in just over four years

How Satya Nadella tripled Microsoft’s stock price in just over four years

David Paul Morris | Bloomberg | Getty Images Microsoft executive Joe Belfiore presents at the Build developers conference in San Francisco in 2014. It failed. The company took a $7.6 billion writedown on the Nokia deal in July 2015, with a plan for a more focused phone portfolio. Another writedown and more staff cuts followed…
Trump poised to take control of the Federal Reserve

Trump poised to take control of the Federal Reserve

In the second quarter of 2018, the growth in non-seasonally adjusted money supply (M2) has been zero. That’s right, the money supply did not grow at all. This is because the Fed is shrinking its balance sheet ultimately by $50 billion per month. In addition, the Fed has raised interest rates seven times since Q4…
Papa John’s shares rise on report that it held merger talks with Wendy’s before founder’s scandal erupted

Papa John’s shares rise on report that it held merger talks with Wendy’s before...

Wendy's had preliminary merger talks with Papa John's before the company's founder, John Schnatter, stepped down as chairman last week, a source familiar with the situation told CNBC. The talks cooled after Schnatter's use of a racially charged slur led to his resignation. Schnatter still sits on Papa John's board and has a nearly 30…
Gunman arrested after deadly Los Angeles store hostage standoff

Gunman arrested after deadly Los Angeles store hostage standoff

A woman was shot and killed when a gunman ran into a busy Los Angeles supermarket where he held dozens of people hostage for about three hours Saturday before handcuffing himself and surrendering to police. About two hours before taking the hostages, police say the man shot his grandmother seven times and wounded another woman,…
Goldman’s newly anointed CEO-to-be will get a pay raise

Goldman’s newly anointed CEO-to-be will get a pay raise

Goldman Sachs' anointed CEO-to-be will be getting an 8 percent increase in his base pay after stepping into the role, the bank disclosed in a securities filing on Tuesday. Solomon's annual salary as CEO will be $2 million, up from the $1.85 million he got last year as president and co-chief operating officer, as disclosed…
Copper — a metal with a history of predicting economic trouble — hits 1-year low, nears bear market

Copper — a metal with a history of predicting economic trouble — hits 1-year low,...

Copper prices reached their lowest levels in a year on Thursday amid concerns that a global trade war could strain global supply chains and slow down the global economy. The metal's futures for September delivery traded as low as $2.6735 per pound, their lowest since July 14, 2017, when it hit $2.663. Copper traded at…
Japan official urges caution over Trump’s complaint on strong dollar

Japan official urges caution over Trump’s complaint on strong dollar

Japan should be careful about recent remarks by U.S. President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday. The U.S. dollar fell the most in three weeks on Friday against a basket of…

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