Money


Amazon Gets Itself Into A Very Fine Mesh With Eero Acquisition 02/12/2019 Amazon Gets Itself Into A Very Fine Mesh With Eero Acquisition 02/12/2019
- February 15, 2019

The goal of mesh networking is to allow for faster internet speeds-a technology that was once available to only office environments. "By joining the Amazon family, we're excited to learn from and work closely with a team that is defining the future of the home, accelerate our mission, and bring eero systems to more customers around the globe". (more...)
Bill and Melinda Gates get asked whether billionaires should exist Bill and Melinda Gates get asked whether billionaires should exist
- February 15, 2019

The artist behind the work, Lexi Bella - who makes portraits of trailblazing historic figures such as Martin Luther King Jr., Serena Williams and Frida Kahlo - said the Bronx-bred socialist poster girl deserves a tribute because she "inspires change". (more...)
'Crazy turbulence' on Delta flight injures three; emergency landing in Reno 'Crazy turbulence' on Delta flight injures three; emergency landing in Reno
- February 15, 2019

Five passengers suffered minor injuries Wednesday when a Delta Air Lines flight headed from Southern California to Seattle encountered severe turbulence in a winter storm and was forced to make an emergency landing in Reno. The plane, according to Justice, did a mid-air "nose dive twice". Two other passengers were also injured but were treated at the scene. Flight 5763 had left from Orange County with 59 passengers and 4 crew on board, the Reno Gazette-Journal reported . (more...)
JPMorgan Chase unveils cryptocurrency prototype JPMorgan Chase unveils cryptocurrency prototype
- February 15, 2019

He also claims that over time, JPM Coin will be extended to other major currencies. "So anything that now exists in the world, as that moves onto the blockchain , this would be the payment leg for that transaction", Farooq told the outlet. (more...)
Donald Trump had no idea that Enquirer was investigating Jeff Bezos Donald Trump had no idea that Enquirer was investigating Jeff Bezos
- February 14, 2019

Jeff Bezos' girlfriend has privately acknowledged that she shared some photos and texts from the Amazon founder with several female friends, adding to the mystery of who leaked salacious material to the National Enquirer , according to a source close to the couple. (more...)
Amazon Drops Plans For New York Headquarters Amazon Drops Plans For New York Headquarters
- February 14, 2019

Governor Andrew Cuomo and Mayor Bill de Blasio did everything in their power to land the Amazon offices, with Cuomo at one point joking that he would change his name to "Amazon Cuomo." "These new investments will give us the capacity to hire tens of thousands of employees, and enable the creation of more than 10,000 new construction jobs in Nebraska, Nevada, Ohio, Texas, Oklahoma, South Carolina and Virginia", Pichai wrote. (more...)
Rivian in talks with GM and Amazon Rivian in talks with GM and Amazon
- February 14, 2019

General Motors and Amazon may think so. The Rivian deal would come as its much larger electric auto manufacturing rival, Tesla struggles to stabilise production and deliver consistent profits as it rolls out its flagship Model 3 sedan. CEO Mary Barra admits that a "tiny bit" of thought has gone into electric pickups, but not much beyond that. The No. 1 USA automaker is counting on profit from sales of conventional large pickup trucks and sport utility vehicles in North America to fund ... (more...)
Amazon Will Buy Startup Eero to Help Connect Home Devices Amazon Will Buy Startup Eero to Help Connect Home Devices
- February 14, 2019

Last year, Amazon acquired smart doorbell and camera maker Ring and bought Blink in 2017. On both fronts, eero has been grappling with a crowded mix of home WiFi software and product players, including Google (Nasdaq: GOOG), AirTies , Hitron Technologies Inc . (more...)
Tesla rolls out 'sentry mode' safety feature Tesla rolls out 'sentry mode' safety feature
- February 14, 2019

New features like Dog Mode and Sentry Mode highlight the flexibility and foresight that Tesla put into its vehicles. Tesla has also rolled out a new security feature called "sentry mode". You'll need to enable the feature each time you want to use it by going to Controls Safety & Security Sentry Mode on your centre screen. Not only did it build an wonderful vehicle lineup that has loads of great features today - it built a platform that can roll in features that had not even been ... (more...)
Solar jobs climb in Iowa Solar jobs climb in Iowa
- February 14, 2019

CT was one of 29 states that had higher job counts in the solar industry between 2017 and 2018, with the biggest gainers being Florida (which surpassed MA for the second-most jobs), Illinois , Texas and NY. In other states, supportive policies and the rapidly declining cost of solar technologies helped drive an increase in employment in 2018. New Jersey wants 50 percent of its electricity to be produced by renewable energy by 2030. (more...)
China raises hopes of trade deal with Trump as Xi joins talks China raises hopes of trade deal with Trump as Xi joins talks
- February 14, 2019

The US had threatened to raise tariffs on $200bn worth of Chinese goods to 25 percent from 10 percent on March 1 if Beijing failed to agree to Washington's demands to amend its trade practices. Steven Mnuchin said earlier he hoped for "productive" trade meetings as the two countries seek to end a festering dispute that has seen both sides level tariffs at one other. (more...)
Airbus to scrap A380 superjumbo production as sales slump Airbus to scrap A380 superjumbo production as sales slump
- February 14, 2019

The costly aircraft has struggled to compete with more efficient, smaller models. "With enough room to install stylish first-class suites, eye-catching bar or business areas, beautifully inviting cabin lighting and the quietest cabin in the sky, you will enjoy every aspect of the flight", Airbus' website said. (more...)
Global oil supply to swamp demand in 2019 despite output cuts - IEA Global oil supply to swamp demand in 2019 despite output cuts - IEA
- February 14, 2019

Analysts said markets are tightening amid voluntary production cuts led by the Organization of the Petroleum Exporting Countries ( OPEC ) and because of US sanctions on Venezuela and Iran. United States oil supplies dropped by almost 1M barrels last week, API reported. The March production figure means Saudi would be voluntarily cutting output by more than 500,000 bpd below its pledged production level under a deal between the Organization of the Petroleum Exporting Countries and allies ... (more...)
Lufthansa Sues Passenger Who Deliberately Missed Flight Lufthansa Sues Passenger Who Deliberately Missed Flight
- February 14, 2019

It can be a sneaky way to save money on fares, with direct flights sometimes costing more than stopover journeys. The passenger books the longer, cheaper flight, disembarks at the destination city, and deliberately misses the connecting flight to the different city. (more...)
Apple iPhone sales in China plunged 20% in 4Q Apple iPhone sales in China plunged 20% in 4Q
- February 14, 2019

But that didn't last long. The top-of-the-range iPhone XS Max costs $11,449, so the new iPhones are really expensive even for developed countries. Xiaomi Corp. "At the same time, under the impact of China's severe macro environment and domestic brand innovation products, consumers' increasingly harsh eyes are also the reasons for Apple's continued decline in the domestic market". (more...)
Reddit Raises $300 Million In New Funding Round Led By Tencent 02/13/2019
- February 14, 2019

Barring the latest funding, San Francisco, California-based Reddit has raised more than $250 million in three other funding rounds. Ironically, Reddit has been blocked in China since August (as is Google and Facebook , part of the country's "Great Firewall" of censorship). (more...)
Lawyers leading defense of Nissan ex-chairman Ghosn resign Lawyers leading defense of Nissan ex-chairman Ghosn resign
- February 14, 2019

It was unclear why Ohtsuru was no longer representing Ghosn or if Ghosn had dismissed him. Ghosn was arrested last November over allegations of financial misconduct, and was subsequently removed from his positions as chairman and representative director at Nissan . (more...)
Theresa May asks MPs for more time on Brexit Theresa May asks MPs for more time on Brexit
- February 13, 2019

May told MPs on Tuesday. "We now all need to hold our nerve to get the changes this House requires and deliver Brexit on time". After MPs voted to seek "alternative arrangements" to the controversial Irish backstop , an insurance policy to avoid a hard border on the island of Ireland , the United Kingdom is seeking either a legally binding time limit to the backstop or a legally binding unilateral exit clause. (more...)
Oil gets a boost from Saudi output pledge, declining USA inventories Oil gets a boost from Saudi output pledge, declining USA inventories
- February 13, 2019

The OPEC, which Saudi Arabia de-facto leads as the world's top crude oil exporter, said on Tuesday that it had cut its output by nearly 800,000 bpd in January to 30.81 million bpd. OPEC pumped about 30.8 million barrels a day in January, just above the 30.7 million required on average in 2019. "Oil prices have not increased alarmingly because the market is still working off the surpluses built up in the second half of 2018", the IEA said. (more...)
Retail inflation softens to 19-month low of 2.05% in January
- February 13, 2019

Please refresh the page for the fullest version. Separate official data showed growth in industrial production - determined by Index of Industrial Production (IIP) - picked up to 2.4 per cent in December. The prices of vegetables declined 13.32% while prices of sugar and confectionery dropped 8.16%. The RBI , which in its sixth bi-monthly monetary policy statement on February 7 cut policy rate by 25 basis points, had revised down its inflation projections citing low food inflation due to ... (more...)

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