Markets


Malia Obama sparks interest, but gap years are rare Malia Obama sparks interest, but gap years are rare
- May 06, 2016

And for Malia , the decision to delay school one year may mean she will not have to be accompanied by the Secret Service contingent that would be required if she began college this fall. For this reason, in professional situations when I've been part of hiring committees, I've advocated that we ignore where people studied as undergraduates, because it's tantamount to judging the financial situation of, say, a 30-year-old's parents when they were 15. (more...)
Tesla shares rise on narrower-than-expected Q1 loss
- May 06, 2016

The company says it expects to deliver 20,000 vehicles in Q2 as it resolves quality issues with Model X. The automaker announced that two senior production execs, vice president of production Greg Reichow and vice president of manufacturing Josh Ensign, will leave the company. (more...)
Tesla has plenty of customers, but still no profit Tesla has plenty of customers, but still no profit
- May 06, 2016

Tesla said it now expects to spend more than $2 billion on capital projects this year, up from its forecast of $1.5 billion. Not only is that multiple times what other model cars Tesla has produced in 2015, the company is also now talking about one million motors of the new Model 3 by 2020. (more...)
Average US rate on 30-year mortgages falls to 3.61 percent Average US rate on 30-year mortgages falls to 3.61 percent
- May 06, 2016

Rates on adjustable five-year mortgages averaged 2.80 percent this week, down from 2.86 percent last week. The average rate on 15-year fixed-rate mortgages slipped to 2.86 per cent from 2.89 per cent last week. Becketti said the 30-year fixed rate fell to within three basis points of the low for this year. All but nine states recorded lower year-over-year distressed sales shares in February, with Maryland leading at 19.91 percent. (more...)
Takata airbag recall in USA expanded to additional 35-40M vehicles
- May 06, 2016

So far, at least 11 deaths and more than 100 injuries have been reported worldwide. Older model cars, as well as those in locations with year-round heat and humidity, are thought to be at the greatest risk. After more than two years of trying to recall the unsafe airbag inflators, only 29 percent of affected cars have been repaired. That's why replacement parts are being targeted to areas such as the U.S. (more...)
Tesla experiences a plunge in its shares
- May 06, 2016

A Tesla executive reportedly said China is the second-biggest market for reservations for the company's newest vehicle, the Model 3. Even as the company soared past expectations for preorders of its Model 3 sedan this year, the first quarter saw the automaker report a $282 million loss on revenue of $1.15 billion. (more...)
272 million stolen credentials recovered from hacker
- May 06, 2016

The database of stolen email information includes 57 million Mail.ru accounts, 24 million Gmail accounts, 33 million Microsoft accounts and 40 million Yahoo email accounts. According to Holden, he was able to convince the hacker to spill the beans by posting " favorable comments " in hacker forums and effectively putting him over with hacker crews. (more...)
Can the N.F.L. Re-invigorate Twitter's Growth?
- May 05, 2016

Twitter Inc forecast second-quarter revenue that will fall short of analysts' estimates, signaling that the social network's struggles to add users have dented advertising sales. That said the company is trying new things, including its freaky decision to become the exclusive live streaming partner for the NFL's Thursday Night Football games, in an effort to bring fresh blood into its other stagnating service. (more...)
Takata's fight for survival gets even harder as airbag recall widens
- May 05, 2016

The Takata recall is the largest in US history, and only 8.1 million of the 28.8 million previously-recalled airbags have been repaired. "People who receive notification that there is a remedy available for their vehicle should act immediately to have their inflator fixed", Rosekind said. (more...)
Twitter Stock Falls 12% As Ad Spend Declines Twitter Stock Falls 12% As Ad Spend Declines
- May 05, 2016

The company said it had an average of 310 million monthly users in the first three months of the year, up from 305 million users in the last three months of 2015. "Revenue came in at the low end of our guidance range because brand marketers did not increase spend as quickly as expected in the first quarter", said Twitter in its quarterly letter to shareholders. (more...)
500 mn at risk of contracting Zika in Americas
- May 05, 2016

Commissioner Pino also stressed that the male partners of women who are pregnant or plan to become pregnant must also take precautions if they travel to Zika affected areas. The woman has since returned to South America and is seeking treatment there. Symptoms include fever, rash, joint pain and red eyes, but severe disease requiring hospitalization is uncommon and case fatality is low. (more...)
Dish techs fix iPhones, Best Buy gets Oculus VR Dish techs fix iPhones, Best Buy gets Oculus VR
- May 05, 2016

The forthcoming availability of a limited number of units of $599-priced Rift VR headsets at retail stores means that Rift is apparently set to make its first appearance in brick-and-mortar stores. More Best Buy locations stores will be participating as we get more into summer. Stock of Oculus Rift will go on sale this week at various retailers, Oculus VR has announced via their blog. (more...)
Puerto Rico bargains after default Puerto Rico bargains after default
- May 05, 2016

Some critics of allowing Puerto Rico to restructure its debt argue it would change the rules for the investments and possibly undermine market confidence in the island's bonds. "If the Chapter 9 doesn't go through which is bankruptcy, for Puerto Rico, then I see the numbers increasing substantially more". Garcia blamed lobbyists for hedge funds, which he blasted as "vultures", for the fact that Congress left on its recess last week with a restructuring bill stalled in committee. (more...)
This Man Claims to Be the REAL Bitcoin Founder, Satoshi Nakamoto
- May 05, 2016

The invalidity of this proof was later confirmed by both Bitcoin Core and Libbitcoin developers, with Bitcoin Core developer Jonas Schnelli even calling Wright out as a scammer . The shockwaves were clear as cypto-currency specialists gathered in NY for a conference on the blockchain technology behind Bitcoin and similar virtual forms of money. (more...)
Tesla Motors reports first-quarter loss, misses expectations
- May 05, 2016

Tesla's CEO even implied the problem was overconfidence on the company's part, as it tried to put a lot of new features, including the "falcon-wing" doors, into the first generation of the Model X. Musk offered no details on how this would be achieved, or whether the lower-priced vehicle would have comparable range to the Model 3. Given that Tesla went into 2016 with about 35,000 deposit-backed reservations for the vehicle, this poses a key area of concern: What's the latest update on ... (more...)
North Korea becoming more aggressive, experts fear invasion
- May 04, 2016

Kim Jong Un is seeking to establish himself as more of a party man - in the vein of his grandfather, eternal leader Kim Il Sung - as opposed to his father, Kim Jong Il, who was seen as more focused on the military. Foreign prisoners are often forced to confess in North Korea. However, the Iranian government has publicly denied military cooperation with North Korea, including on missiles. (more...)
Governor, lawmakers react to ex-Assembly speaker's sentence Governor, lawmakers react to ex-Assembly speaker's sentence
- May 04, 2016

Silver was sentenced on Tuesday , after being convicted for his role in a kickback scheme. In writing, Silver's lawyers had asked for an unspecified sentence "that incorporates extensive community service", arguing that Silver should be able to "continue to employ his unique talents to benefit others". (more...)
Sanders Wins Indiana, Clinton Still Wins Delegates
- May 04, 2016

In the Republican primary, Donald Trump emerged as the party's all but certain nominee with a decisive victory that forced his main challenger, Texas Senator Ted Cruz, out of the race. Former presidential candidate Ben Carson has officially released the two delegates he won in Nevada, freeing them to support anyone they want in what might be a contested convention in Cleveland. (more...)
Ex-NY legislative leader Silver sentenced to 12 years in prison
- May 04, 2016

Bharara's office wrote in sentencing documents. His conviction is a stunning fall from grace for a politician who spent almost 40 years in the state Assembly. The judge could have given the once powerful democrat 27 years had she followed sentencing guidelines. Silver's lawyers have requested that he serve at the Federal Correctional Institution in Otisville, N.Y., which has experience with Orthodox Jewish prisoners. (more...)
North Korea bans weddings and funerals ahead of five-day Worker's Party congress
- May 04, 2016

Chosun estimates that up to 70 percent of the population of North Korea's notorious labor camps are North Korean citizens who tried to flee to China or South Korea. Sky News is also reporting North Korea claims USA soldiers have been encouraging South Korean soldiers to point their firearms at their adversaries and described the action as a "dangerous provocation". (more...)

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