By CCN.com: Following CEO Elon Musk’s November announcement that Tesla will source production inputs for the new Shanghai Gigafactory locally, the company is now reportedly in the market for a new battery supplier. It will be recalled that in November 2018, Musk announced that the company intends to diversify its sources after experiencing several problems with its Model 3 supply chain. Fresh from launching the $2 billion factory earlier this month, Tesla has also revealed that it plans to...

By CCN.com: A GoFundMe campaign to assist federal workers affected by the ongoing government shutdown has reached its $200,000 funding goal barely three days after it was launched. Organized by GoFundMe CEO Rob Solomon in partnership with author and motivational speaker Deepak Chopra, the campaign was organised to help affected workers with basics like food and household supplies. Funds raised by the GoFundMe campaign are set to be shared across nonprofits who are supporting affected staff...

More By CCN.com: Four weeks into the longest U.S. government shutdown in history, a hidden fact of the American working and middle-class reality has been revealed, with the news that thousands of furloughed federal workers are unable to meet their basic needs after missing as little as one paycheck. The implication of the available demographic data on savings is that if another recession hits - as some analysts are predicting - more than half of the country's population is at real risk of...

More By CCN.com: Following a threat by U.S. President Donald Trump to slam taxes on cars and auto spares imported from the 28-member European Union, the EU has threatened a 23 billion dollar tariff spike on the United States. Speaking in Brussels to the European Parliament, the director-general for trade within the EEA, Jean-Luc Demarty, said that if Trump goes back on the trade agreement on tariffs agreed in July, the Commission would strike back. In a speech delivered on Wednesday, Demarty...

By CCN.com: Jardine Matheson shares listed on the Singapore Exchange (SGX) took a sudden 83 percent dive worth $41 billion on Thursday morning before making an equally quick recovery. The stunning movement, which took place in a matter of minutes, sparked a temporary market panic as stock market investors struggled to dump their stocks before an equally rapid recovery took place. At the end of it, about 167,500 shares had changed hands at discounts of up to 75 percent of the previous day’s...