Finance


Facebook's settlement with US regulators likely to include WhatsApp Facebook's settlement with US regulators likely to include WhatsApp
- May 06, 2019

If it goes through, the settlement would resolve an investigation into whether violated a 2012 consent decree by allowing political consultancy Cambridge Analytica to harvest data from up to 87 million users. " Facebook's refusal to behave responsibly is deeply troubling given that the vast amount of sensitive information individuals have entrusted to this company", Therrien said . (more...)
Activision Announces Better-Than-Expected Results for First Quarter of 2019 Activision Announces Better-Than-Expected Results for First Quarter of 2019
- May 05, 2019

TRADEMARK VIOLATION WARNING: " Activision Blizzard ( ATVI ) Releases FY 2019 Earnings Guidance" was first published by Tech Know Bits and is owned by of Tech Know Bits. The new franchises won't see any Call of Duty action until next year because the current World League is already underway. Esports organizations such as OverActive Media's Splyce, OpTic Gaming, and 100 Thieves compete in league play. (more...)
Microsoft launches Azure for AI and blockchain Microsoft launches Azure for AI and blockchain
- May 05, 2019

Microsoft has announced a series of new Azure services and developer technologies ahead of its Build conference next week that will make it easier for developers to to create new AI, mixed reality, IoT and blockchain projects. Another new product will be IoT Plug and Play, an IoT modeling language to "seamlessly connect IoT devices to the cloud". " Azure will bring unique strengths to enterprise clients using Quorum ", said Farooq. (more...)
Bank of England hints at slow rate hikes as growth outlook raised Bank of England hints at slow rate hikes as growth outlook raised
- May 05, 2019

The U.K. economy grew at the slowest pace in six years during 2018, and in February the BOE projected an even weaker 2019, with growth of just 1.2%. During the first quarter of 2019 the United Kingdom economy probably grew by 0.5% due to businesses building up stocks ahead of Brexit , the Bank of England said - a faster rate than the 0.2% growth it forecast in February. (more...)
Berkshire Hathaway has been buying Amazon shares Berkshire Hathaway has been buying Amazon shares
- May 04, 2019

Instead, it was one of his younger deputies who opted to invest in the ecommerce behemoth. "One of the fellows in the office that manage money. bought some Amazon ", Buffett was quoted as saying. Berkshire Shareholders were also seen at the Kiewit Building and taking selfies with the company headquarters building. "It speaks to what we're seeing at Berkshire, the beginning of the changing of the guard, as Warren and Charlie Munger are getting on in years". (more...)
Facebook Announces A Messenger Desktop App • Featured Facebook Announces A Messenger Desktop App • Featured
- May 03, 2019

But saying it is one thing, doing is another; and Facebook has been saying a lot lately. The company has been plagued by public data breaches that have captured the attention of regulators worldwide. The mobile app takes up less space, making it faster to load and respond. Since Facebook attempts to recuperate from a string of privacy lapses that have rocked the business within the past 15 months zuckerberg established this new accent. (more...)
Oil prices dip after US crude stocks rise Oil prices dip after US crude stocks rise
- May 02, 2019

Late Tuesday, the API reported a surprise build in crude oil inventory of 6.81 million barrels for the week ending April 26. US crude inventories climbed last week 9.9 million barrels to 470.6 million barrels as imports grew to their highest since January and refining rates dropped below 90 percent of total capacity, the Energy Information Administration said . (more...)
Burger King's meatless Impossible Whopper will soon be available nationwide Burger King's meatless Impossible Whopper will soon be available nationwide
- April 30, 2019

Burger King's Impossible Whopper - made from wheat and potato proteins - is going on the permanent menu after just a month-long pilot program in St. On April 1, Burger King began testing the new burger at 59 locations in the St. Louis area. Burger King says it will start expanding the Impossible Whopper to more markets soon, with the goal of making it national by the end of this year. (more...)
Apple recalls plug adapters over safety fears Apple recalls plug adapters over safety fears
- April 29, 2019

Apple has announced a voluntary recall of certain AC wall plug adapters after confirming they can break and risk giving an electric shock when touched. The design is notable for being bulkier than its apparently safer replacement, and by using an all-white casing with no external markings; the safe, thinner, replacement has a grey inner with safety and regulatory information plus dimples to the sides. (more...)
Ford Is Under Criminal Investigation for Emissions Issue Ford Is Under Criminal Investigation for Emissions Issue
- April 29, 2019

The automaker announced the criminal investigation in its quarter earnings filing. Ford said it is fully cooperating with the federal investigation but that it couldn't provide guidance on its outcome or how it will affect the company. Ford in the Friday regulatory filing with the U.S. Securities and Exchange Commission wrote that the "potential concern does not involve the use of defeat devices," like those used in the Volkswagen AG emissions scandal. (more...)
Amazon vows to make 1-day shipping standard for Prime members Amazon vows to make 1-day shipping standard for Prime members
- April 27, 2019

Amazon says it will start to offer one-day shipping to its U.S. Prime members . "We do expect this growth rate to be higher for all of 2019, so most of that will happen in the next three quarters". In response to our inquiry about closures of some fulfillment centers, an Amazon spokesperson provided no details. Amazon's "advertising flywheel now appears to be in full effect and will only be a bigger part of the growth story", Andrew Lipsman, an analyst for eMarketer, said in an email. (more...)
Ford invests $500 million in EV company Rivian Ford invests $500 million in EV company Rivian
- April 25, 2019

This press release features multimedia. In February, Rivian announced a $700 million investment round led by Amazon, in addition to $450 million raised from investors in previous funding. As part of that multi-billion investment, the company has confirmed it would roll out two key fully electric vehicles: a crossover inspired by the Mustang in 2020 and a zero-emissions version of the best-selling F-150 pickup. (more...)
Warren Wants Student Debt Erased Through $640 Billion Plan Warren Wants Student Debt Erased Through $640 Billion Plan
- April 23, 2019

And while it may be hard to feel much sympathy for anyone making over $250,000 a year, individuals in high-earning professions can carry massive, life-altering student debt loads. Warren, who said she dropped out of college initially at 19 to get married, said she was able to re-enroll on her waitressing salary when tuition was just $50 a semester. (more...)
Pinterest prices IPO at $19 to begin trading Thursday Pinterest prices IPO at $19 to begin trading Thursday
- April 21, 2019

The company headed by Ben Silbermann had its virtual pinboard rise 25 per cent in its NYSE debut, where it opened at $23.75 per share. Yuan, Zoom's CEO, said that he thinks that the San Jose, California-based company can live up to the hype. (more...)
Easter Egg Hunts Hatch This Weekend Easter Egg Hunts Hatch This Weekend
- April 20, 2019

Do not forget to bring a basket for the eggs, and dress for the weather. You can also check out " Old Fashioned Easter " at the Historic Stewart Farm on Crescent Road from 11 - 3pm. Drop by the BWG Leisure Centre at 471 West Park Ave.in Bradford for free family activities that include face-painting, crafts, balloon twisting, colouring, cupcake decorating, activities in the gym, and a photobooth. (more...)
Bitcoin SV Continues to Plummet Amidst Delisting Trend: Bitcoin Cash Hodlers Celebrate Bitcoin SV Continues to Plummet Amidst Delisting Trend: Bitcoin Cash Hodlers Celebrate
- April 20, 2019

Bitcoin Cash, which will potentially benefit from Bitcoin SV's demise, was the complete opposite with an 11% rally in price. The announcement comes after some drama involving Bitcoin SV's backer Craig Wright , who claims to be Satoshi Nakamoto , the inventor of the original Bitcoin (BTC ). (more...)
Car2go suspends all service in Chicago due to ‘fraud issue’ Car2go suspends all service in Chicago due to ‘fraud issue’
- April 19, 2019

On Wednesday, April 17, Daimler announced some of the vehicles in its Chicago Car2Go fleet were rented fraudulently. The software biz, auto 2 Go, confirmed on Wednesday it is working with the cops after some of its cars went missing and, in some cases, were used in connection with other crimes. (more...)
North Korean leader Kim to meet Russia's Putin this month North Korean leader Kim to meet Russia's Putin this month
- April 19, 2019

But they said it does not close the door on diplomacy or negotiations about North Korea's nuclear program. In an interview with Bloomberg, national security adviser John Bolton said that while Trump is open to a third summit with Kim, North Korea needs to prove its commitment. (more...)
‘No evidence’ Trump tax cuts are trickling down to workers ‘No evidence’ Trump tax cuts are trickling down to workers
- April 17, 2019

The tax cuts were lambasted on Sunday by Minnesota Sen. "We're getting historic tax relief", Trump said April 15 at Nuss Truck and Equipment. "It's a tremendous tax cut for people", Trump said. The state's Democrats saw a huge overall resurgence during the anti-Trump backlash of 2018, notably in traditionally Republican suburbs of Minneapolis and St. (more...)
World's largest aircraft successfully completes maiden test flight in California World's largest aircraft successfully completes maiden test flight in California
- April 16, 2019

Stratolaunch Chief Executive Officer Jean Floyd said it was a fantastic first flight. The goal for Stratolaunch is to provide an alternative launch platform for satellites other than rockets like SpaceX's Falcon 9 or SpaceX's Falcon Heavy rocket-which had its first successful test flight this week as well. (more...)
Jet Blue to Offer Flights to London in 2021 Jet Blue to Offer Flights to London in 2021
- April 14, 2019

JetBlue leaders have been talking about the possibility of flights to Europe since mid-2016, around the time they announced plans to tweak their Airbus orders to get a longer-range plane. American Airlines Group and IAG's British Airways form one alliance, while Delta Air Lines and Air France-KLM are joined in another and a third includes United Continental Holdings Inc. (more...)
Tesla Model 3 Standard Range dropped from online configurator Tesla Model 3 Standard Range dropped from online configurator
- April 14, 2019

The electric vehicle maker plans to keep taking online orders for the Standard Plus Model 3, which starts at $39,500 and is now the lowest-price option available to digital consumers, along with higher-end models. The company pitched the change as an added value since, for example, the $37,500 Model 3 Standard Plus required an extra $3,000 to add Autopilot. It now costs $39 500 with Autopilot included. (more...)
The Latest Renault-Nissan-Mitsubishi eyes post-Ghosn plan The Latest Renault-Nissan-Mitsubishi eyes post-Ghosn plan
- April 14, 2019

Ghosn's initial detention period was set to expire on Sunday, and had been widely expected to be extended by the maximum 10 days. A Japanese Court decided on Friday to allow prosecutors to hold ousted Nissan Motor Chairman, Carlos Ghosn, for an additional eight days. (more...)
Fisher-Price recalls sleepers after more than 30 babies died Fisher-Price recalls sleepers after more than 30 babies died
- April 13, 2019

Those who have previously purchased the product should reach out to Fisher-Price for a refund of a voucher. The deaths are believed to have occurred when the infants rolled from their back to their stomach or side, while unrestrained, according to the release. (more...)
French Sec. of State Would Consider Asylum for Julian Assange French Sec. of State Would Consider Asylum for Julian Assange
- April 13, 2019

On Friday, Russian Foreign Ministry spokesperson Maria Zakharova said Assange's arrest was evidently carried out on US orders, state news agency Tass reported. Though prosecutors dropped this investigation, Assange still faced British charges of failing to appear in front of a court when ordered to. Assange and his supporters say he's a journalist who deserves legal protections for publishing stolen material. (more...)
Nissan shareholders kick ex-chairman Carlos Ghosn off board Nissan shareholders kick ex-chairman Carlos Ghosn off board
- April 10, 2019

Ghosn, who famously rescued Nissan from the brink of bankruptcy two decades ago and forged a partnership with France's Renault that has become one of the world's biggest car-making alliances, was arrested again by Tokyo prosecutors last week on suspicion he tried to enrich himself to the tune of $5 million at the company's expense. (more...)
Trump says he'll put tariffs on $11B in European Union goods Trump says he'll put tariffs on $11B in European Union goods
- April 10, 2019

The new tensions may complicate those efforts, which are part of European attempts to ward off American threats of separate duties on foreign autos and vehicle parts. The E.U. has begun preparations for retaliation, an E.U. official told Reuters Tuesday. In the U.S. case, it allows the Office of the U.S. Trade Representative to collect public comments on the potential tariffs. (more...)
European Union commissioner: No-deal Brexit 'simply crazy' European Union commissioner: No-deal Brexit 'simply crazy'
- April 10, 2019

Earlier in the day, Mrs May met Germany's Angela Merkel at her riverside Chancellery, a short walk from the Brandenburg Gate, and departed with a warm exchange of kisses. He said the United Kingdom needed to show "substantial steps" towards resolving its political deadlock but said a no-deal Brexit would be the worst possible outcome. (more...)
March Jobs Report Shows 196,000 Created, Unemployment Rate Remains At 3.8 Percent March Jobs Report Shows 196,000 Created, Unemployment Rate Remains At 3.8 Percent
- April 08, 2019

Though some corners of the Victoria economy saw job growth - transportation and warehousing added 3,400 positions over the a year ago, and business, building and support services added 2,800 - they were offset by decreases. In the 12 months prior to February, manufacturing had added an average of 22,000 jobs per month. Bank of Canada Governor Stephen Poloz expressed guarded optimism earlier this week that Canada would emerge from a soft patch, but said the economic outlook still warrants ... (more...)
United Kingdom minister resigns amid Brexit row with government United Kingdom minister resigns amid Brexit row with government
- April 08, 2019

Fervent EU critic Jacob Rees-Mogg said the prime minister's decision to seek an alliance with Corbyn meant she was collaborating with a "known Marxist" . "He says the authorities" ought to have only been clearer the results of the, the parliamentary arithmetic, would signify that this would be necessarily a sort of softer kind of Brexit". (more...)
Trump Denies Backing Off Threat to Seal US-Mexico Border Trump Denies Backing Off Threat to Seal US-Mexico Border
- April 07, 2019

For many years, families arriving at the border were typically released from USA custody immediately and allowed to settle with family or friends in the US while their immigration cases wound their way through the courts, a process that often takes years. (more...)
United Kingdom formally requests second Brexit extension to June 30 United Kingdom formally requests second Brexit extension to June 30
- April 07, 2019

Downing Street said serious proposals had been made and it was prepared to change the wording of the deal to reach a compromise. Instead, she was offered a short delay to April 12 - the date by which the UK must say whether it intends to take part in the European Parliamentary elections - or until May 22, if UK MPs had approved the withdrawal deal negotiated with the EU. (more...)
Herman Cain Joining Trump Administration Herman Cain Joining Trump Administration
- April 06, 2019

Trump himself used to understand the bubbly dangers of constant low-interest rate policy from the Fed, as did Cain, who used to love the gold standard for its very power to keep short-term political priorities out of our money. An Atlanta woman said she had had an extramarital affair with Cain for more than 13 years. At the time , Cain said the allegations were incorrect but acknowledged "he had made mistakes in my life", according to Bloomberg . (more...)
Jeff and MacKenzie Bezos tweet about divorce terms Jeff and MacKenzie Bezos tweet about divorce terms
- April 05, 2019

You'll get the latest updates on this topic in your browser notifications. "As our family and close friends know, after a long period of loving exploration and trial separation, we have chose to divorce and continue our shared lives as friends", the Bezoses said in a jointly signed statement on Twitter in January. (more...)
Trump would sideline USMCA for new auto tariffs Trump would sideline USMCA for new auto tariffs
- April 05, 2019

Trump had said he would close the border or at least large sections of it, this week if Mexico does not halt illegal immigration into the U.S. Trump's tariff threat appeared to move him away from a previously threatened imminent closing of the border in order to punish Mexico. (more...)
Amazon cuts Whole Foods prices and sweetens deal for Prime members - again Amazon cuts Whole Foods prices and sweetens deal for Prime members - again
- April 03, 2019

Consumers can certainly save by taking advantage of these new Whole Foods prices, but smart shoppers don't buy everything there, he says. Beginning Wednesday, Whole Foods said customers will find lower prices on hundreds of items throughout the store with an emphasis on seasonal produce, including greens, tomatoes, tropical fruits and more. (more...)
Gardai to probe spy risks linked to Huawei 5G mobile networks Gardai to probe spy risks linked to Huawei 5G mobile networks
- April 02, 2019

He noted the company has promised to invest $2 billion over five years to improve its software engineering and expressed confidence British regulators will "increase their confidence" in Huawei over time. They are bugs, not feature - these are the findings of a UK-based cybersecurity oversight institution about the security vulnerability of products of Huawei , the second largest smartphone manufacturer of the World. (more...)
Opposition looks set to win Ankara after 16 years Opposition looks set to win Ankara after 16 years
- April 02, 2019

The Turkish leader was sworn in with nearly untrammelled powers after last year's general elections that followed a 2017 constitutional amendment to change Turkey's political framework into an executive presidency from a parliamentary system. (more...)
U.S. Holds 'Constructive' Trade Talks with China U.S. Holds 'Constructive' Trade Talks with China
- March 31, 2019

The burst of diplomacy suggests both sides remain determined to reach an agreement that would avoid any escalation of the eight-month trade war that has seen them impose duties on $360 billion of each others' imports. It had been previously reported that both sides were pushing for proposals on cyber theft, technological transfers, services, intellectual property rights, currency, agriculture and non-tariff barriers to trade. (more...)
Apple’s Foray Into Streaming Video Show Limits of Tech Growth Apple’s Foray Into Streaming Video Show Limits of Tech Growth
- March 28, 2019

And it boasts some intriguing benefits, like no fees and a daily rewards program. Essentially, Apple wants to be similar to a pay TV provider where you can sign up to certain channels and different streaming services and have them delivered in the same place, and presumably take a small cut for facilitating the sign up for a new service or "channel". (more...)