Money

Money Consumers Will Benefit From Fed Decision Not To Raise Rates In 2019
Author: 0 Consumers Will Benefit From Fed Decision Not To Raise Rates In 2019

Even US President Donald Trump had weighed in on Twitter with calls to urge the Fed to stop shedding bonds. Combining the new policies means no more major increases in borrowing rates for consumers and businesses. But still would react depending on how dovish the language in the rate statement would be and how cautious Powell sounds at his press conference. "We even like the type, I think, we like the type of infrastructure we're talking about".

Money Volvo Will Use In-Car Cameras To Detect Drunk, Distracted Driving
Author: 0 Volvo Will Use In-Car Cameras To Detect Drunk, Distracted Driving

More recently, Volvo announced that they will be limiting the top speed of all future vehicles to only 180 km/h in a bid to reduce or eliminate fatal accidents. "In this case, cameras will monitor for behavior that may lead to serious injury or death", says Henrik Green , Senior Vice President, Research & Development at Volvo Cars.

Money Facebook settles with rights groups on ad discrimination
Author: 0 Facebook settles with rights groups on ad discrimination

Facebook has thus far refused to provide more insight into how its ad targeting algorithms work, which leaves this element unclear, and it is possible that, based on user behaviors, the algorithm could be trained on biased habits and behaviors, facilitating discriminatory ad targeting by default.

Money Powerball: When & How To Watch Tonight’s $495 Million Jackpot’s Drawing
Author: 0 Powerball: When & How To Watch Tonight’s $495 Million Jackpot’s Drawing

Saturday marks the 23rd drawing since the last Powerball jackpot win on December 26. If no one wins Saturday, the jackpot is set to rise to $550 million. All POWERBALL prizes are set payouts, except the jackpot. · The player in North Dakota also played the Power Play option which increased their winnings to $2 million.

Money Trump Wants GM To Either Reopen Or Sell Its Ohio Plant NOW
Author: 0 Trump Wants GM To Either Reopen Or Sell Its Ohio Plant NOW

Close a plant in China or Mexico, where you invested so heavily pre-Trump, but not in the United States of America. Earlier in November, General Motors announced plans to cut 15,000 jobs and close manufacturing plants in Lordstown, plants in MI, and Ontario, Canada.

Money Tesla Unveils 7-Seater Model Y
Author: 0 Tesla Unveils 7-Seater Model Y

Musk laid out the basic statistics for four variants of the Model Y: The Standard Range model will be the cheapest, carrying a price tag of $39,000 and offering a maximum range of 230 miles and top speed of 120 mph. Tesla has also featured a cabin pre-conditioning system through a remote in their all-new SUV for customer facilitation. The Standard Range Plus increases this to 240 miles, while the Mid Range manages 264 miles, and the Long Range offers 325 miles.

Money Top Facebook, WhatsApp executives quit
Author: 0 Top Facebook, WhatsApp executives quit

Mr Daniels has watched over WhatsApp after the messaging service's founders, Jan Koum and Brian Acton, left the company over disagreements with Mr Zuckerberg past year. Zuckerberg said he does not plan on hiring anyone to fill Chris Cox's chief product officer role. Two of Facebook's top executives are leaving the social network - a week after its boss Mark Zuckerberg announced a big strategic pivot toward private messaging .

Money Google employee breaks record, calculates 31.4 trillion digits of Pi
Author: 0 Google employee breaks record, calculates 31.4 trillion digits of Pi

March 14 was chosen as the global day of celebration because 3.14 translates to 3/14/YEAR in the American calendar. To calculate pi, Iwao used an application, y-cruncher, on 25 Google Cloud virtual machines. She has been working toward this moment since she was 12, when she first downloaded software to calculate pi on her personal computer. The interesting thing about Pi is that it's value is infinite in length.

Money Nissan cuts two models from Sunderland plant
Author: 0 Nissan cuts two models from Sunderland plant

The company says the plant management "will discuss any impact on the plant with employees and their representatives". Around 250 employees at the Sunderland auto factory are dedicated to Infiniti production. The Nissan-owned automaker said it's working to find other jobs for employees that might be affected, and once that's done, it'll focus on ending franchise agreements.

Money Nvidia outbids Microsoft, Intel to acquire chipmaker Mellanox for $6.9 billion
Author: 0 Nvidia outbids Microsoft, Intel to acquire chipmaker Mellanox for $6.9 billion

Nvidia gets more revenue diversification and data center sales. The firm outbid microprocessor giant Intel, which was looking to use Mellanox to expand its datacenter capabilities. Nvidia and Mellanox aren't strangers; they have previously worked together on several products including the likes of the Nvidia DGX-2, as well as the #1 and #2 USA supercomputers - Summit and Sierra.

Money Ethiopian Airlines plane with 157 people on board crashes minutes after take-off
Author: 0 Ethiopian Airlines plane with 157 people on board crashes minutes after take-off

An airline spokesperson told CNN the victims were of 32 different nationalities. A total of 149 passengers and eight crew members were on board the flight. "They've made it their business to be the African airline that operates like a western airline". In October this year, a Lion Air-operated Boeing 737 Max crashed shortly after departing from Jakarta, killing all 189 people on board.

Money Turkish Airlines flight encounters turbulence in US
Author: 0 Turkish Airlines flight encounters turbulence in US

Passengers told of injuries from cuts and bruises to a member of the flight crew who is thought to have broken a leg. Turkish Airlines officials in a statement early Sunday confirmed the flight carrying 326 passengers and 18 crew members "encountered an unusual turbulence about 40 minutes before landing" in NY.

Money Mark Zuckerberg Outlines New Plan to Build 'Privacy-Focused' Facebook
Author: 0 Mark Zuckerberg Outlines New Plan to Build 'Privacy-Focused' Facebook

And if you talk about Android apps, then, since a long time ago, Facebook has been receiving and collecting users data like phone call logs, messages, personal information, and real-time location data, for the reason of providing information to its advertisement targeting and improving features such as friend suggestions.

Money US Politics: US trade deficit jumps to 10-year high
Author: 0 US Politics: US trade deficit jumps to 10-year high

Voters approve of President Trump's job performance. Chances are the US may push to retain some tariffs to force China to stick to concessions. America's trade deficit increased to its highest level in a decade past year, despite President Trump's efforts to shrink the gap between his country's imports and exports.

Money Huawei Fights Back Against U.S. Blackout With Texas Lawsuit
Author: 0 Huawei Fights Back Against U.S. Blackout With Texas Lawsuit

Huawei Technologies Co. sued the USA government for barring its equipment from certain networks, delivering a legal riposte to American accusations it aids China in espionage. Meng is scheduled to appear in court on Wednesday to set a start date for the hearings. The company also said that by singling out Huawei for punishment, the law violating a rarely invoked section of the constitution against 'bills of attainder, ' meaning legislative acts that declare individuals or groups guilty of a ...

Money Tesla launches Supercharger V3 with '1000mi/hr' charge rate
Author: 0 Tesla launches Supercharger V3 with '1000mi/hr' charge rate

The metric is a bit misleading, however, as the peak charge rate of 75 miles in 5 minutes presumably decreases to a slower pace as the battery gets closer to full capacity. Tesla says it will also soon be "unlocking" the 145-kw potential that many of its existing V2 Superchargers have always been capable of. Tesla is still testing the V3 Supercharger but expects to start installing them from next month in North America, and in Europe and Asia from the fourth quarter of the year.

Money Ocasio-Cortez Riles Up Twitter With 'Racist Tropes' Talk Amid Omar Controversy
Author: 0 Ocasio-Cortez Riles Up Twitter With 'Racist Tropes' Talk Amid Omar Controversy

He helped found both Brand New Congress PAC and Justice Democrats, with the goal of bringing new and progressive members like Ocasio-Cortez, a self-described Democratic socialist, to Congress. Rep. Alexandria Ocasio-Cortez arrives for a House Committee on Oversight and Reform hearing on Capitol Hill in Washington, D.C., February 27, 2019.

Money Dentist found stuffed in suitcase day after boyfriend's car-crash death
Author: 0 Dentist found stuffed in suitcase day after boyfriend's car-crash death

Her family had made a Facebook page to help gather information to find her, reports The News Minute. Reddy attended a dental convention at St Leonards at the weekend, and last spoke with her family about 11am on Sunday, saying she planned to head home after having a late breakfast in Sydney , according to the police.

Money China stocks surge on reports Sino-U.S. trade deal seen soon
Author: 0 China stocks surge on reports Sino-U.S. trade deal seen soon

Trump a week ago delayed a tariff increase on $200 billion in Chinese goods that was previously scheduled to take place on Saturday, citing progress in the talks. That news, and comments from President Trump that a strong dollar was hurting USA competitiveness, helped to lift the yuan to 6.688 per US dollar, 0.3 percent firmer than the previous close of 6.7078.

Money Adviser says Trump 'gave nothing away' during North Korea talks
Author: 0 Adviser says Trump 'gave nothing away' during North Korea talks

Bolton's comments came after Trump said North Korean leader Kim Jong Un told him he "felt very badly" about Warmbier's death and that he took Kim " at his word " that he wasn't aware of the incident, which drew ire from Wambier's parents and some Republican lawmakers.

Money Gap Inc splitting into two companies with HUNDREDS of stores closing
Author: 0 Gap Inc splitting into two companies with HUNDREDS of stores closing

Gap is set to split off Old Navy into its own brand , it said today as it revealed 230 planned store closures . Ironically, the lack of same-store sales growth at Old Navy hurt fourth-quarter overall sales. Gap also on Thursday announced it plans to shut 230 of the namesake brand's locations over the next two years, as it works to restructure its business.

Money Lyft files for IPO, to kick off roadshow later this month
Author: 0 Lyft files for IPO, to kick off roadshow later this month

The ride-hailing company will list on the Nasdaq under the ticker 'LYFT'. The last funding round valued the firm at $15 billion. Lyft's revenue in 2018 was $2.2 billion, up 103 percent from $1.1 billion in 2017. Lyft has been eager to emphasize its growth to investors over its total revenue, which is dwarfed by Uber. It also handled more than 1 billion rides.

Money Victoria's Secret store closures planned in Canada, U.S.
Author: 0 Victoria's Secret store closures planned in Canada, U.S.

Overnight, subsequent to releasing its results, the company said it would close 53 stores in North America. Victoria's Secret has become "more promotional than we would like over the last several years", Ed Razek, the CEO of parent company L Brands , said in a call with analysts Thursday.

Money Elon Musk’s Mysterious Tweet Results in $35,000 Tesla Model 3
Author: 0 Elon Musk’s Mysterious Tweet Results in $35,000 Tesla Model 3

For years, Tesla has battled with regulators and supporters of traditional franchised dealerships in order to expand its footprint of stores across the country. The new $35,000 price tag will get you the standard Model 3, which boasts a 220 mile range on a single charge, top speed of 130mph and a 0-60mph time of 5.6 seconds.

Money TikTok to pay $5.7M in FTC settlement over children's privacy
Author: 0 TikTok to pay $5.7M in FTC settlement over children's privacy

Finally, the app is launching a series of video tutorials teaching users how to enable or tweak privacy controls. "This is an ongoing commitment, and we are continuing to expand and evolve our protective measures in support of this". When some parents asked to have the data of their children deleted, TikTok deleted a child's account but retained videos and personal account information about those users on its servers, the agency said.

Money Elon Musk should be held in contempt for tweet, SEC tells judge
Author: 0 Elon Musk should be held in contempt for tweet, SEC tells judge

The SEC's suit in September followed Musk's ill-fated bid to take Tesla private. "The provision of the Court's Final Judgment requiring Musk to obtain pre-approval before publishing written statements containing material information about Tesla is clear and unambiguous", the SEC said in its court filing .

Money Microsoft under fire by employees over HoloLens deal with U.S
Author: 0 Microsoft under fire by employees over HoloLens deal with U.S

Friday's letter to Microsoft leaders is the latest instance of US technology workers standing up to their companies over the companies' lines of business or policies. But the critics behind the letter feel that engineers who already worked on HoloLens 2 may now be "finding themselves implicated as war profiteers". He also said that Microsoft would advocate for policies and laws to ensure that technology was used "responsibly and ethically" and that the company would "support talent ...

Money Dollar struggles ahead of Fed minutes, but gains on the yen
Author: 0 Dollar struggles ahead of Fed minutes, but gains on the yen

Negotiators are drawing up six memorandums of understanding on structural issues: forced technology transfer and cyber theft, intellectual property rights, services, currency, agriculture and non-tariff barriers to trade, the sources said, as the two sides push for an agreement by March 1.

Money Oil hovers near 2019 highs amid OPEC cuts
Author: 0 Oil hovers near 2019 highs amid OPEC cuts

U.S. West Texas Intermediate (WTI) crude oil futures were at $57.03 per barrel, up 7 cents, but below this week's $57.55 per barrel 2019 high. Crude oil output in the U.S. "The continued surge in USA production stands as a bearish dynamic for market prices, especially as increasing volumes get sold overseas in a direct challenge to Saudi Arabia and Russian Federation", said John Kilduff, partner at Again Capital in NY.

Money Venezuelan soldiers kill two in clash over aid on Brazilian border
Author: 0 Venezuelan soldiers kill two in clash over aid on Brazilian border

Venezuelan opposition leader Juan Guaido also attended the concert, even though he was under orders from Maduro not to travel outside the country. A concert known as Paz Sin Fronteras - Peace Without Borders - was held in 2008 after a diplomatic flare-up that drew Venezuelan troops to the Colombia border.

Money ‘We must be the leader in everything’: Trump demands 6G cell technology
Author: 0 ‘We must be the leader in everything’: Trump demands 6G cell technology

The 5G network will slowly roll out in the US this year and the first smartphone to arrive in the market with this technology will be the Galaxy S10 5G , which will be available this summer. But as Gizmodo pointed out, the standard for what constitutes "6G technology" has yet to be defined or developed, meaning that the president's demand for 6G is "a bit like asking for an amplifier that goes up to 11".

Money Tesla Stock Enters Panic Mode after Consumer Watchdog Issues Scathing Report
Author: 0 Tesla Stock Enters Panic Mode after Consumer Watchdog Issues Scathing Report

While many Tesla owners may not be happy about the reliability of their auto, Consumer Reports says those owners are generally satisfied with their electric vehicles. While Consumer Reports released the results of last year's survey in October, at which time the Model S lost its recommendation, it received additional responses from members over the summer.

Money Brexit Day still March 29, Government insists as Juncker hints at delay
Author: 0 Brexit Day still March 29, Government insists as Juncker hints at delay

May's spokesperson said the prime minister was "working hard to secure legally binding changes" to the backstop. Brexit-driven political cracks yawned wider Wednesday as three pro-European lawmakers quit May's ruling Conservatives to join a new centrist group of independents who oppose May's determination to take Britain out of the European Union with or without a divorce deal.

Money Apple, Google face pressure to drop app used to track Saudi women
Author: 0 Apple, Google face pressure to drop app used to track Saudi women

The first explanation that " Absher " facilitates documenting the abuse and discrimination that Saudi women go through is now being challenged as another strategy by the Saudi government to control their women. Human Rights Watch and Amnesty International have both expressed shock and dismay over the app's continuation on these two platforms despite the fact that it facilitates harassment of women by discriminating against them.

Money Why are Honda closing their factory in Swindon — Honda closure
Author: 0 Why are Honda closing their factory in Swindon — Honda closure

According to North Swindon MP Justin Tomlinson, Honda's decision to close its Swindon plant is based on "global trends and not Brexit ". The company now employs around 3,500 people at its Swindon plant. In its time, the factories here produced such machines as the Miles Master, the Short Stirling and the Spitfire, though in more recent years those names have been replaced by the Accord, Civic and Jazz.

Money Venezuela denies European Union lawmakers entry given 'conspiratorial motives'
Author: 0 Venezuela denies European Union lawmakers entry given 'conspiratorial motives'

Trump is to make a public case that Venezuela's military, which could play a decisive role in the stalemate, should support Guaidó's government. ICRS was echoed by United Nations spokesman Stephen Dujarric who said earlier this month that humanitarian action related to Venezuela should be independent of political or military goals.

Money Tesla rolls out 'sentry mode' safety feature
Author: 0 Tesla rolls out 'sentry mode' safety feature

Leaving your pet (or child) in a auto on a hot day while you're off running errands is a big no-no, as temperatures inside a car's cabin can often reach risky levels. For example, if someone leans on the auto while the owner is away, it will go into "alert" mode and display a warning message on the infotainment screen, saying that cameras are recording.

Money J.P. Morgan Is Launching Its Own Cryptocurrency
Author: 0 J.P. Morgan Is Launching Its Own Cryptocurrency

The report relays that the bank backed crypto will be used initially to instantly settle global payments between clients; "expanding further" if it proves successful. "That way, they can consolidate their money and probably get better rates for it". "As a globally regulated bank, we believe we have a unique opportunity to develop the capability in a responsible way with the oversight of our regulators", said JPMorgan's Head of digital treasury services and blockchain Umar Farooq.

Money The Best Tweets About the Amazon-NYC Breakup
Author: 0 The Best Tweets About the Amazon-NYC Breakup

Amazon on Thursday announced it has decided not to move forward with plans to build one-half of its second headquarters in New York City as originally planned. The Nashville office is expected to have 5,000. However, they were divided on the incentives: 46 percent in favour, 44 percent against. Local politicians who had opposed the deal were quick to claim victory, while others heaped criticism on the politicians for helping to drive out Amazon .

Money US, China seek deal to prevent trade war escalation
Author: 0 US, China seek deal to prevent trade war escalation

This round of high-level consultations are expected to conclude on Friday. China's trading partners say the state support for industries violates Beijing's market-opening obligations, and some American officials worry they might erode US industrial leadership.

Money Oil prices fall on rising U.S. rig count, IL refinery fire
Author: 0 Oil prices fall on rising U.S. rig count, IL refinery fire

The combination of the OPEC-led production cuts, the increased reduction by the Saudis and in a limited way, the sanctions against Venezuela are helping to underpin prices, but in order to put the market over the top, demand is going to have to increase.

Money Call of Duty 2019 will feature an expansive campaign says Activision
Author: 0 Call of Duty 2019 will feature an expansive campaign says Activision

Destiny will be out of the equation because of Bungie's departure - which will reportedly cost Activision Blizzard $400 million in annual revenue might we add - meaning Call of Duty: Black Ops 4 to shore up earnings for its publishers; and could Blizzard finally be leaving Activision? "Bungie gets to focus on the IP that they created and we get to focus on our biggest opportunities and our biggest franchises with our best resources", said Activision Blizzard president and chief ...

Money Theresa May urges MPs to 'hold our nerve' over Brexit negotiations
Author: 0 Theresa May urges MPs to 'hold our nerve' over Brexit negotiations

Nothing to see here. "The talks are at a crucial stage", May will say, according to extracts from her statement to parliament released in advance by her Downing Street office. They aim to maneuver the whole Brexit mess toward a second referendum, which they believe would overturn the June 2016 plebiscite, in which a thin majority voted to leave the EU.