Business

Bitcoin has split in two, so you can have double the cryptocurrency

Bitcoin has split in two, so you can have double the cryptocurrency Amidst the calm, the Bitcoin world assuming that chaos had been averted, announced plans to launch Bitcoin Cash on 1 August, those proposing Bitcoin Cash claiming that the SegWit2x protocol did not guarantee a doubling of the Bitcoin block size upon the splitting of the information held within each transaction. [Full Article...]

Sprint's trick to making money: A year of free of service

Sprint's trick to making money: A year of free of service For as much effort as Sprint has put into its turnaround plans, they still haven't been enough, forcing Claure to look at a variety of options that will buy the company time to keep working on its rebound. Sprint, in a statement released to investors , reported net income of $206 million in the first quarter of 2017, along with operating income of $1.2 billion and an adjusted EBITDA of $2.9 billi... [Full Article...]

Mainstream Model 3 Could Make or Break

But he explained that adding more versions now would push the brand "deeper in hell" - suggesting it would delay the Performance's launch until output was comfortably meeting demand, AutoCar said. Musk said more than 500,000 people have put down a $1,000 deposit for the auto. Tesla has raised capital to help production and ease the financial risk associated with the production run. [Full Article...]

British Gas to increase electricity prices by 12.5% next month

British Gas to increase electricity prices by 12.5% next month Policy costs add around 13 per cent to the cost of the average dual fuel bill , paying for the rollout of renewables such as solar and wind, providing a discount for pensioners and funding insulation measures. Mark Hodges, the chief executive of Centrica's consumer business, said the company has made a number of proposals to the government and to regulator Ofgem , including phasing out the stand... [Full Article...]

US Senate to vote on Russian Federation sanctions bill; Putin threatens retaliation

US Senate to vote on Russian Federation sanctions bill; Putin threatens retaliation The document now should be approved by the Senate and signed by the President of the United States . President Vladimir Putin said on Thursday that Russian Federation would be forced to retaliate if Washington pressed ahead with what he called illegal new sanctions against Moscow, describing USA conduct towards his country as boorish and unreasonable. [Full Article...]

Caixin China Manufacturing PMI Reaches Five-Month High in July

Caixin China Manufacturing PMI Reaches Five-Month High in July EEF, a manufacturing industry association, said the improvement suggested the factory sector's drag on the economy in the second quarter was likely to be temporary. Growth in China's manufacturing and services sectors softened in July as activity at smaller factories shrank, according to official gauges. "The shift between the old and new momentum of growth is accelerating", Chen commented. [Full Article...]

RBA Indicates Rates On Hold For Long Time

RBA Indicates Rates On Hold For Long Time Meanwhile, iron ore has rebounded in recent weeks as mills in China benefit from the government shuttering capacity, helping absorb increased ore supplies from Australia and miners like Rio Tinto Group and BHP Billiton Ltd. But Dr Lowe noted that "a factor working in the other direction is increased competition from new entrants in the retail industry". The stronger language failed to move the... [Full Article...]

Ram temple construction very much on BJP agenda: Amit Shah

Ram temple construction very much on BJP agenda: Amit Shah The Lower House had already passed the bill, meant to upgrade the Backward Classes Commission from a statutory body to a constitutional body, which will give it powers equal to a court to summon people and inquire into incidents of violence and discrimination against backward classes. [Full Article...]

Aussie Travellers Facing Massive Airport Lines Thanks To Beefed-Up Security

Some passengers experienced delays of up to 90 minutes at Adelaide and Sydney airports before passing through security on Sunday afternoon, ABC News reported. Qantas , Tiger, and Virgin Australia have also urged passengers to limit the amount of carry-on and checked baggage they bring, to reduce delays in screening. [Full Article...]

President Trump tweets that John Kelly is new chief of staff

President Trump tweets that John Kelly is new chief of staff John Kelly will do a fantastic job". Assembly Majority Leader Jim Steineke echoed those comments, also tweeting that it was a "bad move by Trump". Priebus, who was replaced by Homeland Security head John Kelly, ended his tumultuous six-month run in the position. [Full Article...]

Air France-KLM buys 31 percent stake in Virgin Atlantic

Air France-KLM buys 31 percent stake in Virgin Atlantic Delta has taken minority stakes in many of its worldwide partner airlines in recent years, gaining decision-making power and deeper integration in profitable regions like the United Kingdom or promising markets like China . A month later, the USA carrier announced a joint venture with Korean Air Lines. As part of "an integrated global alliance, unique in the world", Air France-KLM will a... [Full Article...]

Brexit transition deal will 'look very similar' to European Union membership

Brexit transition deal will 'look very similar' to European Union membership Last year's referendum to leave the European Union did not set out a specific model for Britain's future relationships with the bloc. Meanwhile, Brexit Secretary David Davis is confident European Union withdrawal negotiations will continue as planned after reports that Brussels may delay trade talks because of a lack of progress on the financial "divorce" settlement. [Full Article...]

Foxconn to build LCD factory in U.S., investing 10 bln United States dollars

Foxconn to build LCD factory in U.S., investing 10 bln United States dollars It would mark a substantial gain for a state that now has 472,000 manufacturing jobs and is still recovering from factory layoffs - including the closure of a General Motors plant in Ryan's hometown - that hit after the 2008 financial crisis. [Full Article...]

Starbucks to close all Teavana locations

Starbucks to close all Teavana locations Starbucks announced on Thursday that all 379 Teavana stores - which are primarily based in malls across the country - have been "underperforming". Starbucks says that, despite its efforts to drive traffic through creative merchandising and new store designs, it's not optimistic that the troubling trend will reverse itself. [Full Article...]

MAC to give out free lipstick for National Lipstick Day

MAC to give out free lipstick for National Lipstick Day By participating, you'll not only score yourself a free lipstick , you're also doing your bit for the environment. In honor of the cosmetic holiday, this year MAC Cosmetics is actually going to be giving away a full-size lipstick for free to its customers. [Full Article...]

The $91 BILLION man

The $91 BILLION man The Forbes now estimates Bezos' wealth Amazon's chief executive, at about $90.6 billion, compared with $90 billion for Gates, The New York Times reports. The Amazon website originally launched in 1995, selling mostly books. Bezos' wealth has soared $24.5 billion so far this year, thanks primarily to his 17 percent ownership of Amazon, which is now valued more than twice as much as all of ... [Full Article...]

Twitter shares fall over 10pc as stagnant user growth disappoints investors

Twitter shares fall over 10pc as stagnant user growth disappoints investors Advertising sales dipped by 8 per cent to $489 million as revenue fell for only the second time since Twitter's stock... The number of daily active users grew 12%, which was the third quarter in a row in which the micro-blogging firm reported daily active user growth in the double digits. [Full Article...]

Dollar struggles at 13-month low as Fed flags sluggish inflation

Dollar struggles at 13-month low as Fed flags sluggish inflation But rate futures are pricing in less than a 50% chance of a hike by then, compared to just over 50% before the Fed's meeting. "The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation". [Full Article...]

Oil rally continues, as optimism builds ahead of USA supply data

Oil rally continues, as optimism builds ahead of USA supply data EIA data showed distillate stockpiles, which include diesel and heating oil , declined by 1.9 million barrels, versus expectations for a 453,000-barrel drawdown. The UAE consumes less than a third of its total crude oil production-so it is unclear, assuming it continues to overproduce, exactly what the UAE intends on doing with the 10 percent it is shaving off its September exports. [Full Article...]

General Motors Company (NYSE:GM) Experiences Lighter than Average Trading Volume

General Motors Company (NYSE:GM) Experiences Lighter than Average Trading Volume Shares of Ford Motor Company (NYSE:F) traded down 2.174% during mid-day trading on Wednesday, reaching $11.025. North Star Investment Management upped its stake in General Motors by 0.8% in the Q1. The dividend was $0.380 per share for the quarter or $1.52 annualized. According to Yahoo Finance, The Dividend Date for General Motors Company is Jun 23, 2017 and its Ex-Dividend Date is Jun 7,... [Full Article...]


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