Business

Facebook may not launch its cryptocurrency Libra in India

Facebook may not launch its cryptocurrency Libra in India The Mark Zuckerberg-led company, which is hoping to begin the project next year with 100 partners, has already hit a roadblock with the announcement. On Tuesday , Facebook responded , saying "We look forward to responding to lawmakers' questions as this process moves forward", but it did not agree to halt the Libra development. [Full Article...]

Briefing: Apple assesses moving up to 30% of production out of China

Briefing: Apple assesses moving up to 30% of production out of China Apple has decided the risks of relying so heavily on manufacturing in China, as it has done for decades, are too great and even rising, several people told Nikkei . This is the first time Apple has specifically mentioned the iPhone on a list of products that would be impacted by tariffs. Wedbush analyst Daniel Ives said that "in a best-case scenario", Apple would likely be able to shift ... [Full Article...]

USA crude oil refinery inputs increase last week

USA crude oil refinery inputs increase last week USA oil stockpiles fell across the board last week, with crude inventories dropping more than expected and refined products posting surprise drawdowns due to a rise in refining and crude exports, and drop in crude production, the Energy Information Administration said on Wednesday. [Full Article...]

Iran says its Revolutionary Guard has shot down USA drone

Iran says its Revolutionary Guard has shot down USA drone In a tweet , Trump called the downing of the drone "a very big mistake". "I think you know who was there, and I can confirm what was probably already written, which was that the UAV was sacked on from Iranian soil and it was worldwide waters, and beyond that I think the administration is engaged in I think what I would call 'measured responses'". [Full Article...]

Fed Rate Cuts are Coming, So Why Didn't the Dollar Crash?

Fed Rate Cuts are Coming, So Why Didn't the Dollar Crash? While the economy remains strong, "Uncertainties about this outlook have increased", the Fed's rate-setting body said in a statement released Wednesday afternoon after two days of deliberations. "You had seven members that are now looking for two cuts in 2019", said Jacob Oubina, senior US economist at RBC Capital Markets . The Federal Reserve chairman, Jerome Powell, has responded to repor... [Full Article...]

Elon Musk says Twitter account deleted. Is the Tesla founder teasing?

Elon Musk says Twitter account deleted. Is the Tesla founder teasing? The new handle name, if it means the site, Daddy.com, is a website for new or expecting fathers. The account remains active after the post. When he was later asked by reporters why he made the change, he confessed: "I was just playing the fool on Twitter ". [Full Article...]

Facebook could bring cryptocurrency to the masses

Facebook could bring cryptocurrency to the masses First, to keep the price of Libra from fluctuating wildly, the value of the coin will be pegged to an as-yet-undisclosed number of world currencies, and backed with a giant reserve of cash. The association will act as a monetary authority for the digital currency. Facebook is taking the lead on building Libra and its underlying technology; its more than two dozen partners will help fund,... [Full Article...]

Facebook Reveals Its Cryptocurrency Play

Facebook Reveals Its Cryptocurrency Play French Finance Minister Bruno Le Maire said the digital currency known as Libra shouldn't be seen as a replacement for traditional currencies. Partners in the project include household names such as Mastercard , Visa , Spotify , PayPal, eBay, Uber and Vodafone, as well as venture capital firms like Andreessen Horowitz. [Full Article...]

Trump's trade chief vows to work with democrats on NAFTA revamp

Trump's trade chief vows to work with democrats on NAFTA revamp President Trump threatened a 5% tariff on Mexican goods - which he backed down from - if the nation did not control the influx of migrants illegally crossing into the USA from Mexico. "I don't agree that tariffs should be the tool we use in every instance to achieve our trade policy goals", said Senate Finance Committee Chairman Charles E. [Full Article...]

Facebook's Libra cryptocurrency will launch in the first half of 2020

Facebook's Libra cryptocurrency will launch in the first half of 2020 The currency, which is still in the testing phase, is expected to launch in 2020. They hope it will not only power transactions between established consumers and businesses globally, but offer unbanked consumers access to financial services for the first time. [Full Article...]

Ocasio-Cortez: Progressive Democrats are Frustrated with Pelosi

Ocasio-Cortez: Progressive Democrats are Frustrated with Pelosi Controversial Congresswoman Alexandria Ocasio-Cortez defended her vicious comments made on social media Monday night; blaming "shrieking Republicans" for the political fallout after she compared immigration detention centers with Nazi Concentration Camp . [Full Article...]

Tires blow on United Airlines jet during landing in USA, no injuries

Tires blow on United Airlines jet during landing in USA, no injuries United Airlines said in a statement that the plane "experienced multiple flat tires upon landing" and "became disabled". No injuries have been reported. As soon as passengers exited the aircraft, the plane would be towed off the runway, officials said. An airline spokesperson said some of the 166 passengers aboard the plane suffered minor bumps and bruises but were not in need of medical c... [Full Article...]

Huawei founder says revenue will be billions below forecast

Huawei founder says revenue will be billions below forecast Huawei has developed very good relationships with U.S. companies over the past 30 years, Ren said. That figure is also below the $105 billion in revenues that Huawei posted a year ago. He said the company had been surprised by Trump's administration policy and that the restrictions are bad news for both Chinese and American companies. [Full Article...]

Lawsuit Claims Amazon's Alexa Devices Record Without Consent, Against N.H. Law

Lawsuit Claims Amazon's Alexa Devices Record Without Consent, Against N.H. Law Each device has the ability to respond to human voice recognition. The Echo Input is the only Amazon Echo device I own, and I'm absolutely satisfied with it (especially at this price). In response, Amazon has pointed to the blog it published last month regarding a subscription service created to help parents manage their child's Alexa use. [Full Article...]

Chewy shares skyrocket in stock market debut

Chewy shares skyrocket in stock market debut The online supplier of pet food and accessories sold 46.5 million shares on Thursday for $22 each, according to a statement. Its offering is also the latest in a hectic year for stock-market launches, with the cybersecurity company CrowdStrike and the freelance marketplace Fiverr going public this week. [Full Article...]

Toyota Announces New Features for 2020 Model-Year Line-Up

Toyota Announces New Features for 2020 Model-Year Line-Up While Toyota already has visual and audible warnings that alert drivers that the vehicle is on or in gear, these features will go one step further, a statement by the company said. Toyota says a future upgrade for automatic shutoff will send a reminder to a smartphone app. Toyota vehicles have had "engine on" warnings since 2003, the automaker said in its announcement. [Full Article...]

Target stores’ registers are down across the country

Several shoppers in the store said they didn't know Target was having problems with the registers. Customers - ranging from Wisconsin to NY to Florida - are taking to Twitter to report the mass outage and long checkout lines. Many on social media claim that Target employees say that the malfunction is chain-wide. Target employees are working to service customers manually. [Full Article...]

MPs Reject Labour Attempt To Block No-Deal Brexit

MPs Reject Labour Attempt To Block No-Deal Brexit Others are arguing that Parliament doesn't have the power to force a prime minister to change course. It has to be respected by whomsoever will be the next prime minister. While there is little precedent for this, parliamentary rules have proven flexible in recent months and speaker John Bercow, who wields considerable influence over procedural matters, has been supportive of attempts to block no ... [Full Article...]

Raised & Rooted: Tyson Enters The Plant-Based Food Products Market

Raised & Rooted: Tyson Enters The Plant-Based Food Products Market Competition is ramping up in plant-based protein. The change comes as many companies are trying to carve out a space in the USA alternative meat market which analysts estimate to be worth $100 billion by 2035. While the impact of a plant-based food boom works itself out, we'll take another 10-piece. Tyson Foods expects to introduce additional alternative protein products through multiple cus... [Full Article...]

Burger King to Sell 'Stranger Things' Upside Down Whopper

Burger King to Sell 'Stranger Things' Upside Down Whopper It's got all the fixings of an OG Whopper with a quarter-pound flame-grilled beef patty, tomatoes, fresh lettuce, mayo, ketchup, crunchy pickles, and onions sandwiched between two sesame seed buns. The anticipation for season three of Stranger Things is real. Promotions like the upside-down Whopper get people to flock to restaurants to ensure they get a peek at the odd new offering before the ... [Full Article...]


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