Business

Binance hacked for 7,000 Bitcoin in "large scale security breach"

Binance hacked for 7,000 Bitcoin in The official announcement notes that the 7000 BTC was stolen from just one affected hot wallet , leaving all others "secure and unharmed". "The transaction is structured in a way that passed our existing security checks", Binance explained. [Full Article...]

Trump businesses reportedly lost more than $1 billion over a decade

Trump businesses reportedly lost more than $1 billion over a decade He also said it was advantageous to "show losses for tax purposes" in order to renegotiate with banks and called the Times' report a "highly inaccurate Fake News hit job", though he didn't specifically cite anything incorrect about the story. [Full Article...]

Iran to keep enriching uranium despite USA move: parliament speaker

Iran to keep enriching uranium despite USA move: parliament speaker The Wall Street Journal reports the latest comments by Abas Aslani, Journalist; visiting scholar at the Center for Middle East Strategic Studies (CMESS), as he cites "sources saying that Iran's President will likely announce countermeasures against USA withdrawal from JCPOA on Wednesday May 8 (anniversary of United States withdrawal)". [Full Article...]

National Nurses Week Honors Those That Serve Others

National Nurses Week Honors Those That Serve Others The International Week of Nurses is being held from the 5th to the 12th of May, with the message that the nursing profession has an important place in every advanced society. While some think they lack the personality or skills needed to survive and thrive as a nurse, many people from a diverse set of backgrounds have found a home for themselves in a hospital or similar healthcare facility. [Full Article...]

China Considers Canceling Trade Talks With U.S., WSJ Says

China Considers Canceling Trade Talks With U.S., WSJ Says He also said he would target a further $325 billion of Chinese goods with 25 percent tariffs " shortly ". But on Sunday, Trump said on Twitter a deal with Beijing was coming "too slowly, as they attempt to renegotiate. China has suspended a 25 per cent duty on USA auto imports during their trade negotiations. "He (Trump) is trying to show the Chinese a little colour, maybe a little punishmen... [Full Article...]

Sinclair Wins 21 Fox RSNs with $10.6 Billion Bid

Sinclair Wins 21 Fox RSNs with $10.6 Billion Bid According to reports, final bids came in last week and now Disney has confirmed that Sinclair is the owner of the Fox Regional Sports Networks. However, the company is making efforts to reduce its debt load and has already reduced the debt amount from $26.09 billion past year to $20.66 billion in 2018. [Full Article...]

Trump to hike tariffs on $200 bn of Chinese goods

Trump to hike tariffs on $200 bn of Chinese goods Trump turned up the heat by saying he would raise import taxes on $200 billion in Chinese products to 25% from 10% on Friday. Treasury Secretary Steven Mnuchin , who made a quick trip to Beijing last week, has expressed optimism about the trade talks, which he said are in "final laps". [Full Article...]

Thomas Gallatin: Unemployment Hits Half-Century Low

Thomas Gallatin: Unemployment Hits Half-Century Low At the same time, the strength endorses Fed Chairman Jerome Powell's resistance to White House and Wall Street calls for interest-rate reductions. According to the report , the number of job losers and persons who completed temporary jobs declined by 186,000 over the month to 2.7 million. [Full Article...]

Tyson recalls 12M pounds of chicken strips after metal found in poultry

Tyson recalls 12M pounds of chicken strips after metal found in poultry Consumers who purchased the recalled products are urged not to consume them, the statement said. The chicken was sold between October 2018 and March 8, with all the packages with the establishment number P-7221. It is unacceptable to Tyson Foods that any product might not meet our standards. The problem was discovered after two people complained they found metal in their chicken strip products... [Full Article...]

Microsoft rolls out new cloud services for AI, blockchain

Microsoft rolls out new cloud services for AI, blockchain As part of this, Microsoft has also partnered up with J.P. Morgan to make Quorum the first ledger available in Azure Blockchain Service . The device, which overlays digital information on the real world, will cost $3,500 and is aimed businesses uses like safety training and complex fix work. [Full Article...]

Federal Reserve holds key US interest rate steady

Federal Reserve holds key US interest rate steady The Fed's preferred inflation gauge rose 1.55 percent in March year-on-year, well below the central bank's 2 percent target. Two other USA central bankers sounded more comfortable with the current policy stance. Messaging by the FOMC , such as the policy statement and subsequent press conference, "has difficulty communicating scenarios" in which they would alter policy, said Michael Gapen, chie... [Full Article...]

BoE says Brexit is creating economy of two halves

BoE says Brexit is creating economy of two halves BANK of England governor Mark Carney said investors were underestimating how much the central bank could raise interest rates even as it kept borrowing costs on hold on Thursday due to Brexit uncertainty. Mr Carney stressed that while the global economic outlook has improved, "domestic tensions remain". It also cut its forecast for unemployment sharply to 3.7% in two years' time, down from 4.... [Full Article...]

China may give up Iran oil to protect relationship with US

China may give up Iran oil to protect relationship with US The statement comes a day after the United States told worldwide buyers to stop oil purchases or face sanctions, ending six months of waivers for eight countries to continue buying Iranian oil to ease disruptions on their own economies. [Full Article...]

USA job creation surges in April as unemployment hits 49-year low

USA job creation surges in April as unemployment hits 49-year low That's the lowest unemployment rate the USA has seen since 1969. And inflation has for several years defied the usual logic that low unemployment would cause wages and prices to rise. Moreover, the decline in the unemployment rate was driven largely by the most people leaving the labor force in a year and a half. A broader measure of unemployment, which includes people who want to work but hav... [Full Article...]

Buffett says Berkshire Hathaway, finally, has invested in Amazon.com

Buffett says Berkshire Hathaway, finally, has invested in Amazon.com Buffett said the purchase was made by one of his investment managers, Todd Combs or Ted Weschler, and details would be disclosed later this month in Berkshire's quarterly report of its US stock holdings. Buffett, who admits he overpaid for the stake, may face tough questions if he continues to back the company if there are no clear signs of a turnaround. [Full Article...]

Facebook says Instagram is changing its user experience with new app design

Facebook says Instagram is changing its user experience with new app design Facebook has concluded its two-day annual F8 developer conference in San Jose, California and users can anticipate a series of changes coming to the family of apps. What announcements are you most excited about? It is sleeker and more minimalistic, with Facebook's iconic square logo replaced with a circle. By putting more focus on groups, Facebook users are not beholden to the quirks and mi... [Full Article...]

Occidental Petro shareholder T. Rowe Price opposes Anadarko bid

Occidental Petro shareholder T. Rowe Price opposes Anadarko bid Anadarko's board had already approved an offer from Chevron when Occidental unveiled a higher bid last week, beginning a tug-of-war over the assets in the shale-rich Permian Basin in Texas. A representative for Anadarko didn't immediately respond to a request for comment. Should that happen, Berkshire will hold 100,000 shares of preferred stock that will pay a whopping 8 percent annual dividend - ... [Full Article...]

US$800mln wiped from Alphabet"s market value as first-quarter results disappoint"

US$800mln wiped from Alphabet According to US GAAP, Alphabet first-quarter net profit (which included the impact of fines) is $6.657 billion, down 29% from $9.401 billion in the same period previous year. Paid clicks on Google properties: +39%. ROADHOUSE BLUES: Restaurant operator Texas Roadhouse slumped 10.9% after profit fell because of higher labor costs. [Full Article...]

Vodafone Reveals Huawei Installed Backdoors in Internet Routers

Vodafone Reveals Huawei Installed Backdoors in Internet Routers Vodafone has admitted finding a security flaw in broadband equipment from Huawei , the telecoms company at the centre of fears over Chinese spying . " Bloomberg is incorrect in saying that this 'could have given Huawei unauthorized access to the carrier's fixed-line network in Italy, '" the statement continued. [Full Article...]

Chase faces backlash after 'Monday Motivation' tweet

Chase faces backlash after 'Monday Motivation' tweet A critic of big banks, Sen. "Why is my balance low", the fictional human asks. Bank account: eat the food that's already in the fridge . She spearheaded the idea for a Consumer Financial Protection Bureau that was created to provide stricter oversight of companies that offer financial products to everyday consumers. [Full Article...]


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