Markets
Toyota investing $1 billion in ride-hailing company Grab
- June 15, 2018
Toyota , the world's most valuable carmaker, has a market capitalization of about $221 billion and about $54 billion in cash, equivalents and short-term investments. Analysts say the rapid investment in ride-hailing firms by traditional carmakers is a sign that auto companies are preparing for a future of reduced vehicle ownership as automated cars and ride-hailing services become the norm. (more...)
- June 15, 2018
Toyota , the world's most valuable carmaker, has a market capitalization of about $221 billion and about $54 billion in cash, equivalents and short-term investments. Analysts say the rapid investment in ride-hailing firms by traditional carmakers is a sign that auto companies are preparing for a future of reduced vehicle ownership as automated cars and ride-hailing services become the norm. (more...)
Rampant Russia pummel Saudi Arabia 5-0 in Fifa World Cup opener
- June 14, 2018
So Morocco concentrated its pitch on the country's undisputed passion for football, the notion that Africa deserves another World Cup after South Africa 2010, its far more compact offering and Euro-friendly time zone. Yuri Gazinsky initially put Russian Federation ahead with a header from Alexander Golovin's cross when the Saudis failed to clear a corner in the 12th minute. (more...)
- June 14, 2018
So Morocco concentrated its pitch on the country's undisputed passion for football, the notion that Africa deserves another World Cup after South Africa 2010, its far more compact offering and Euro-friendly time zone. Yuri Gazinsky initially put Russian Federation ahead with a header from Alexander Golovin's cross when the Saudis failed to clear a corner in the 12th minute. (more...)
Elon Musk's Company To Build Chicago-To-O'Hare High-Speed Underground Transport
- June 14, 2018
The $250 million station beneath Block 37 was first envisioned as the hub of an express train system linking downtown to both O'Hare and Midway airports, but was abandoned in 2011 while only half-finished, after running well over budget. FOX Business' Thomas Barrabi contributed to this article. Emanuel's office said Chicago will negotiate directly and only with The Boring Company for a deal that will eventually be revealed to the City Council. (more...)
- June 14, 2018
The $250 million station beneath Block 37 was first envisioned as the hub of an express train system linking downtown to both O'Hare and Midway airports, but was abandoned in 2011 while only half-finished, after running well over budget. FOX Business' Thomas Barrabi contributed to this article. Emanuel's office said Chicago will negotiate directly and only with The Boring Company for a deal that will eventually be revealed to the City Council. (more...)
Tesla Roadster SpaceX Package Will Be Insane
- June 14, 2018
In the final second before the crash, the vehicle, which was under control of the autopilot, accelerated from 62 to 70.8 miles per hour, while no evidence of pre-crash braking or evasive steering movement was detected. "With V9, we will begin to enable full self-driving features", Musk tweeted on Sunday, referring to the latest version of the Autpilot programme, in response to a Twitter user. (more...)
- June 14, 2018
In the final second before the crash, the vehicle, which was under control of the autopilot, accelerated from 62 to 70.8 miles per hour, while no evidence of pre-crash braking or evasive steering movement was detected. "With V9, we will begin to enable full self-driving features", Musk tweeted on Sunday, referring to the latest version of the Autpilot programme, in response to a Twitter user. (more...)
New Research Claims Bitcoin Price was Manipulated using Tether in 2017
- June 14, 2018
Once issued, almost all tether was moved to Bitfinex and then shifted to other exchanges, where it was used to buy bitcoin, propping up the price, the paper said. The researchers found that tether issuances rose a year ago during periods when the price of bitcoin was dropping. New analysis indicates that this is one of the most important factors that drove bitcoin's rally previous year. (more...)
- June 14, 2018
Once issued, almost all tether was moved to Bitfinex and then shifted to other exchanges, where it was used to buy bitcoin, propping up the price, the paper said. The researchers found that tether issuances rose a year ago during periods when the price of bitcoin was dropping. New analysis indicates that this is one of the most important factors that drove bitcoin's rally previous year. (more...)
IPhone X Plus with Triple Rear Cameras Schematics Leaked
- June 14, 2018
If you ask consumers which of the expected three new Apple iPhone models they are looking forward to seeing in September, most will say that the new "Plus" handset is the one that piques their interest. For some time, Apple has reserved the dual camera for the "Plus" models in its range, something that has changed with the arrival of the iPhone X. Apple is expected to launch its upcoming iPhone in September this year, rumors and leaks of the next generation of iPhone are already ... (more...)
- June 14, 2018
If you ask consumers which of the expected three new Apple iPhone models they are looking forward to seeing in September, most will say that the new "Plus" handset is the one that piques their interest. For some time, Apple has reserved the dual camera for the "Plus" models in its range, something that has changed with the arrival of the iPhone X. Apple is expected to launch its upcoming iPhone in September this year, rumors and leaks of the next generation of iPhone are already ... (more...)
US Fed raises interest rates, expects 2 more hikes this year
- June 14, 2018
USA growth is also getting a boost from $1.5 trillion in tax cuts and a $300 billion increase in federal spending, with inflation at the central bank's 2 per cent target for two months. Inflation by the Fed's preferred gauge would hit its target of 2 percent this year and edge up to 2.1 percent over the next two years. The consumer price index was up 2.8 percent from a year ago as of May according to Bureau of Labor Statistics numbers released on Tuesday. (more...)
- June 14, 2018
USA growth is also getting a boost from $1.5 trillion in tax cuts and a $300 billion increase in federal spending, with inflation at the central bank's 2 per cent target for two months. Inflation by the Fed's preferred gauge would hit its target of 2 percent this year and edge up to 2.1 percent over the next two years. The consumer price index was up 2.8 percent from a year ago as of May according to Bureau of Labor Statistics numbers released on Tuesday. (more...)
Trump adviser apologizes for comments about Trudeau
- June 14, 2018
Trump later accused Trudeau of making "false statements " and tweeted that the Canadian leader was "very dishonest & weak " during negotiations. Navarro said Sunday that his sentiment came "right from Air Force One". It showed a seemingly glowering German Chancellor Angela Merkel and several other leaders appearing to confront a seated Mr Trump. I really did, other than he had a news conference, that he had because he assumed I was in an airplane and I wasn't watching. (more...)
- June 14, 2018
Trump later accused Trudeau of making "false statements " and tweeted that the Canadian leader was "very dishonest & weak " during negotiations. Navarro said Sunday that his sentiment came "right from Air Force One". It showed a seemingly glowering German Chancellor Angela Merkel and several other leaders appearing to confront a seated Mr Trump. I really did, other than he had a news conference, that he had because he assumed I was in an airplane and I wasn't watching. (more...)
Uber has applied for a software patent to detect drunk passengers
- June 13, 2018
CNN uncovered the patent , called "Predicting user state using machine learning". Uber patents tech that would identify drunk passengers before they get in the vehicle by analyzing a number of factors. If there are no drivers with expertise in such matters available, the drunk passengers could be denied service. Uber's decision to introduce a tech-savvy app comes following the incidents where nearly 103 drivers have been accused of sexually harassing passengers in the past couple of years. (more...)
- June 13, 2018
CNN uncovered the patent , called "Predicting user state using machine learning". Uber patents tech that would identify drunk passengers before they get in the vehicle by analyzing a number of factors. If there are no drivers with expertise in such matters available, the drunk passengers could be denied service. Uber's decision to introduce a tech-savvy app comes following the incidents where nearly 103 drivers have been accused of sexually harassing passengers in the past couple of years. (more...)
FOMC raises the target for Fed funds rate by 25bp to 1
- June 13, 2018
The statement omitted previous language saying that the main rate would remain "for some time" below longer-run levels. Fed officials also said they expect to raise rates twice more this year , faster than previously forecast. Following the Fed's rate decision, the FOMC releases its statement regarding monetary policy. The Fed now sees gross domestic product growing 2.8 percent this year , slightly higher than previously forecast, and dipping to 2.4 percent next year , unchanged ... (more...)
- June 13, 2018
The statement omitted previous language saying that the main rate would remain "for some time" below longer-run levels. Fed officials also said they expect to raise rates twice more this year , faster than previously forecast. Following the Fed's rate decision, the FOMC releases its statement regarding monetary policy. The Fed now sees gross domestic product growing 2.8 percent this year , slightly higher than previously forecast, and dipping to 2.4 percent next year , unchanged ... (more...)
Defector: Trump 'Stabbed the Heart' of North Koreans at Summit
- June 13, 2018
After almost five hours of unprecedented talks between Trump and Kim, the two leaders signed a document in which Kim "reaffirmed his firm and unwavering commitment to complete denuclearization of the Korean Peninsula" and the USA agreed to "provide security guarantees". (more...)
- June 13, 2018
After almost five hours of unprecedented talks between Trump and Kim, the two leaders signed a document in which Kim "reaffirmed his firm and unwavering commitment to complete denuclearization of the Korean Peninsula" and the USA agreed to "provide security guarantees". (more...)
Uber Suspends Driver After Women Kicked Out Of Car Over Backseat Kiss
- June 13, 2018
The driver said he asked them to stop kissing and lower the volume on their phones. In video posted to Iovine's Facebook page, you hear the women asking the driver, "What's the issue?" According to Ms Pichl, Ms Iovine also filed a complaint with the city's Human Rights Commission in connection to the incident which took place during Pride Month. (more...)
- June 13, 2018
The driver said he asked them to stop kissing and lower the volume on their phones. In video posted to Iovine's Facebook page, you hear the women asking the driver, "What's the issue?" According to Ms Pichl, Ms Iovine also filed a complaint with the city's Human Rights Commission in connection to the incident which took place during Pride Month. (more...)
Trump accuses OPEC of driving up oil prices
- June 13, 2018
In its closely watched Monthly Oil Market Report published today, OPEC revised up its non-OPEC supply growth estimate by 130,000 bpd compared to last month's report, and now expects non-OPEC supply growth of 1.86 million bpd in 2018 compared to 2017. (more...)
- June 13, 2018
In its closely watched Monthly Oil Market Report published today, OPEC revised up its non-OPEC supply growth estimate by 130,000 bpd compared to last month's report, and now expects non-OPEC supply growth of 1.86 million bpd in 2018 compared to 2017. (more...)
Dixons Carphone admits data breach from July 2017
- June 13, 2018
Last month Dixons Carphone warned on profits and said it would have to close shops, wiping more than 500 million pounds off its market value. Because the data breach dates back to a year ago it will be dealt with by the ICO under the powers of the Data Protection Act 1998 and not the European Union General Data Protection Regulation ( GDPR ) which went into effect on May 25. (more...)
- June 13, 2018
Last month Dixons Carphone warned on profits and said it would have to close shops, wiping more than 500 million pounds off its market value. Because the data breach dates back to a year ago it will be dealt with by the ICO under the powers of the Data Protection Act 1998 and not the European Union General Data Protection Regulation ( GDPR ) which went into effect on May 25. (more...)
Acacia says ZTE business to remain suspended until ban lifted
- June 13, 2018
Politico noted that the amendment spreads a wide net, with the outlet saying the language used "prohibits the federal government from doing business with ZTE or Huawei or other Chinese telecom companies". In its statement late Tuesday, ZTE said it will "assess the full impact" of the ban and the new deal with the United States government and disclose it in an update earnings release. (more...)
- June 13, 2018
Politico noted that the amendment spreads a wide net, with the outlet saying the language used "prohibits the federal government from doing business with ZTE or Huawei or other Chinese telecom companies". In its statement late Tuesday, ZTE said it will "assess the full impact" of the ban and the new deal with the United States government and disclose it in an update earnings release. (more...)
Daimler ordered to recall over 200,000 diesel cars
- June 13, 2018
A spokesman for the company declined to comment on specifics regarding the case, but said: "We are cooperating to a full extent and transparently with the KBA and the federal transport ministry". The company is reportedly confident it can bring the vehicles back into compliance via software update. Daimler said it would refit the software but denied any wrongdoing. (more...)
- June 13, 2018
A spokesman for the company declined to comment on specifics regarding the case, but said: "We are cooperating to a full extent and transparently with the KBA and the federal transport ministry". The company is reportedly confident it can bring the vehicles back into compliance via software update. Daimler said it would refit the software but denied any wrongdoing. (more...)
A US Federal Judge Has Approved The AT&T-Time Warner Merger
- June 13, 2018
And that could be enough to rock the deal off its foundation, sources said, as the AT&T merger agreement expires on June 21 and Time Warner could ask for more money - or seek a different suitor, sources said. The ruling is a stinging defeat for the Justice Department. He rejected the government's argument that it would hurt competition in pay TV and cost consumers hundreds of millions of dollars more to stream TV and movies. (more...)
- June 13, 2018
And that could be enough to rock the deal off its foundation, sources said, as the AT&T merger agreement expires on June 21 and Time Warner could ask for more money - or seek a different suitor, sources said. The ruling is a stinging defeat for the Justice Department. He rejected the government's argument that it would hurt competition in pay TV and cost consumers hundreds of millions of dollars more to stream TV and movies. (more...)
Trump and Kim Jong-Un walk around Singapore summit venue
- June 13, 2018
Shortly after Trump's presser, a spokesperson from South Korea's Blue House (its executive branch of government) said that "the meaning and intention" of the United States president's remarks regarding the war games "require more clear understanding". (more...)
- June 13, 2018
Shortly after Trump's presser, a spokesperson from South Korea's Blue House (its executive branch of government) said that "the meaning and intention" of the United States president's remarks regarding the war games "require more clear understanding". (more...)
Tesla to layoff 9 percent of workforce
- June 12, 2018
Employees told the paper that they received "little or no warnings" before the firings, which reportedly targeted 400 to 700 employees, leading to "lowered morale through many departments". For almost all of its history, Tesla has put up losses while investing heavily in technology, manufacturing plants and an extensive car-charging network. (more...)
- June 12, 2018
Employees told the paper that they received "little or no warnings" before the firings, which reportedly targeted 400 to 700 employees, leading to "lowered morale through many departments". For almost all of its history, Tesla has put up losses while investing heavily in technology, manufacturing plants and an extensive car-charging network. (more...)
Tech supplier Foxconn under fire again over labor conditions
- June 12, 2018
Amazon has admitted that thousands of agency workers in China were hired and paid illegally. A factory in China that builds Amazon Kindles and Echo Dot devices is facing accusations of worker mistreatment over low pay and long hours. (more...)
- June 12, 2018
Amazon has admitted that thousands of agency workers in China were hired and paid illegally. A factory in China that builds Amazon Kindles and Echo Dot devices is facing accusations of worker mistreatment over low pay and long hours. (more...)
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Trump sending Air Force One to carry late President George H.W