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Tesla (TSLA): Elon Musk ends up making over $50 millions from his SEC settlement – Electrek

In an ironic turn of event, Tesla CEO Elon Musk ends up making millions of dollars from his SEC settlement over his “funding secured” tweet. Tesla ‘Funding Secured’ Tweet and SEC Lawsuit A quick reminder for those who forgot or don’t know about the situation.…

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China’s retail sales unexpectedly fall as consumer caution prevails – Fox Business

The reports raised concerns about the fragility of China’s emergence from coronavirus

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China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the recovery in the factory sector struggled to gain momentum.
Asian markets pulled back on Friday following the disappointing set of economic indicators, which raised concerns about the fragility of China’s emergence from coronavirus.
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China’s recovery had been gath…

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Uber and Lyft Lose Bid to Keep Exploiting Their Drivers for Just a Little Bit Longer – Gizmodo

On Thursday, a California judge denied motions by Uber and Lyft to delay a previous injunction ordering the ridesharing companies to reclassify their contractors as full-time employees. That ruling goes into effect on August 20, to which the companies had req…

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On Thursday, a California judge denied motions by Uber and Lyft to delay a previous injunction ordering the ridesharing companies to reclassify their contractors as full-time employees. That ruling goes into effect on August 20, to which the companies had requested a 10-day extension in order to attempt an appeal.
I am confident that the court of appeal is capable of acting very quickly where it is necessary for it to do so. I am unconvinced that any extension of the 10 day stay is required. B…

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Asian markets muted as traders warily await U.S. stimulus deal – MarketWatch

Nikkei about flat, while stocks fall in Seoul

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Asian markets were little changed in early trading Friday, after stocks fell on Wall Street as the stalemate over a second coronavirus-aid plan continued to fester on Capitol Hill.Sony
6758,
+2.02%
gained in Tokyo trading while SoftBank
9984,
-1.51%
sank, while in Hong Kong, Wharf Real Estate
1997,
+2.16%
rose as HSBC
5,
-0.70%
and PetroChina
857,
fell. Samsung
005930,
-1.19%
declined in Seoul trading.
Asian stocks were muted as U.S. lawmakers political grandst…

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