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Boeing Unveils Hypersonic Concept Aircraft Boeing Unveils Hypersonic Concept Aircraft
- June 29, 2018

While Boeing has been working on hypersonics research since the mid-'50s , the company will still face numerous hurdles before it can actually build this hypersonic jet. It is understood that the aircraft would be capable of carrying passengers while travelling at full-speed, with Boeing saying it could be used commercially or for military uses. (more...)
China tries to defuse trade pressure, says world benefits China tries to defuse trade pressure, says world benefits
- June 29, 2018

USA oil prices hit a 3½-year high as plunging U.S. crude stockpiles compounded supply worries in a market already uncertain about Libyan exports, a production disruption in Canada and Washington's demands that importers stop buying Iranian crude. (more...)
Catastrophic Exactis Database Leak Exposes Personal Info Of 230 Million Americans Catastrophic Exactis Database Leak Exposes Personal Info Of 230 Million Americans
- June 29, 2018

Why it matters: Data aggregation firm Exactis exposed the records of more than 230 million individuals in an unprotected database to the internet. Even though no financial information was included, the breadth of personal data could make it possible to profile individuals or help scammers steal identities. (more...)
Police Surround JFK After Pilot Reported 'Hijacking' Police Surround JFK After Pilot Reported 'Hijacking'
- June 29, 2018

The Federal Aviation Administration, in a statement, said that JetBlue Flight 1623, an Airbus A320, " experienced a radio problem while taxiing for departure". and was expected to touch down at 2:28 a.m.in Los Angeles. JetBlue confirmed the incident in a statement on Tuesday. "Everyone's texting their family, and we were on ground, so usually this would happen in the air if it was gonna happen", Curtis told CBS Los Angeles . (more...)
If you use Ticketmaster your bank details may have been hacked If you use Ticketmaster your bank details may have been hacked
- June 29, 2018

Ticketmaster Australia has revealed a data breach across the weekend resulted in customers' personal and payment information being accessed by an unknown third-party. "If you are concerned or notice any suspicious activity on your account, you should contact your bank (s) and any credit card companies". Whether and why Ticketmaster withheld this information for two months is unknown. (more...)
Instagram is testing a Instagram is testing a "Lite" version of its Android app
- June 29, 2018

It follows a trend of social media fims like Facebook , Twitter and even companies like Google releasing lightweight and " lite " versions of their apps to appeal to users in developing nations. So far, direct messaging is missing and you can't upload videos or tag people, but Instagram says some of these will be coming later. According to the Play Store listing, the Instagram Lite app is "small, allowing you to save space on your phone and download it quickly". (more...)
Harley-Davidson, Blaming Tariffs, Will Shift Some Manufacturing Overseas Harley-Davidson, Blaming Tariffs, Will Shift Some Manufacturing Overseas
- June 29, 2018

The company cited that European Union tariffs on motorcycles exported from the US rose from 6 percent to 31 percent in recent weeks. Harley-Davidson also announced it would be raising investments in the new chosen locations. Those plants receive many of their parts from Harley's plants in the USA, primarily from Wisconsin. "Will Harley use any excuse to ship jobs overseas?" "Harley-Davidson's announcement today is the latest slap in the face to the loyal, highly-skilled workforce that ... (more...)
Amazon wants to help entrepreneurs start their own delivery companies Amazon wants to help entrepreneurs start their own delivery companies
- June 29, 2018

Parisa Sadrzadeh, center, a senior manager of logistics for Amazon.com, demonstrates a package delivery for journalists, Wednesday, June 27, 2018, in Seattle, at a media event for Amazon to announce a new program that lets entrepreneurs around the country launch businesses that deliver Amazon packages. (more...)
China, EU teaming up against Trump in trade war China, EU teaming up against Trump in trade war
- June 28, 2018

Jyrki Katainen , vice president of the EU Commission for Jobs, Growth, Investment and Competitiveness, cited the specific categories Trump's recently announced tariffs target. Chinese shares were among the biggest losers, tumbling 3.7% last week, as Trump put the heat on Beijing , threatening to hit $200bn of Chinese imports with 10% tariffs. (more...)
Amazon to Take On UPS, FedEx With New Delivery Vans
- June 28, 2018

The e-commerce giant will offer discounted vehicle leases and insurance, training and access to logistics tech, saying that its partners can earn profits up to $300,000 annually by operating a fleet of 40 delivery vehicles. "Customer demand is higher than ever and we have a need to build more capacity", Dave Clark, Amazon's senior vice president of worldwide operations, said in a release. (more...)
Canadian PM Trudeau to attend North Atlantic Treaty Organisation summit Canadian PM Trudeau to attend North Atlantic Treaty Organisation summit
- June 28, 2018

Everybody was happy. I made some changes in this ridiculous thing that everyone agreed to sign. O Canada. I love their national anthem. We hugged. We kissed. During the SC rally, the president also defended his hair, mocked late-night talk show hosts, and told supporters to "get your asses out tomorrow and vote". (more...)
$117,000 a year considered 'low income' in some Bay Area counties $117,000 a year considered 'low income' in some Bay Area counties
- June 28, 2018

In the Tampa Bay area, a family of four can make up to $51,100 and still get help with housing costs including rental payments, according to the U.S. Department of Housing and Urban Developments new guidelines. "Raising a family in the Bay Area is very expensive", said Galindo, whose partner is also a local teacher. Michael Santero, director of asset management for San Jose's First Community Housing, told the Marin Independent Journal that waitlists for affordable housing are often ... (more...)
Rupee recovers from record lows after RBI intervention Rupee recovers from record lows after RBI intervention
- June 28, 2018

Rupee has also been under pressure because of rising oil prices and a USA threat to stop crude imports from Iran, India's third-largest oil supplier. dollar on Thursday morning as rising crude oil prices triggered worries about the further rise in the current account deficit and inflation. Markets expect RBI to manage the currency more effectively. (more...)
Markets Right Now: Stocks opening down on Wall Street Monday Markets Right Now: Stocks opening down on Wall Street Monday
- June 28, 2018

Japan's Nikkei 225 fell 0.45%, South Korea's Kospi sank 0.64% and Australia's S&P/ASX 200 edged down by 0.33%. Treasury Secretary Steven Mnuchin suggested the investment restrictions wouldn't be limited to China and the market's losses deepened. (more...)
U.S. walks back China tech investment restrictions U.S. walks back China tech investment restrictions
- June 28, 2018

President Donald Trump today opted for a less confrontational approach to limit Chinese investment in America, which he believes at times poses a serious challenge to national security. The decision comes amid White House allegations that China engages in widespread theft of intellectual property. Instead, the president is calling on Congress to enhance an existing review process. (more...)
Walker on Harley: best answer is no tariffs Walker on Harley: best answer is no tariffs
- June 28, 2018

Trump tweeted Tuesday, "A Harley-Davidson should never be built in another country-never!" He also vowed to retaliate against Harley-Davidson with taxes and said its "employees and customers are already very angry at them". Hassett conceded there could be turmoil as Trump works to reorder global trade, but he defended the moves as creating a " more reciprocal" global commerce environment. (more...)
Trump Threatens To Hit Harley-Davidson With Taxes If It Moves Overseas Trump Threatens To Hit Harley-Davidson With Taxes If It Moves Overseas
- June 27, 2018

Shifting more production overseas will take the company between 9 to 18 months, Harley-Davidson said. "Harley-Davidson believes the tremendous cost increase, if passed on to its dealers and retail customers, would have an immediate and lasting detrimental impact to its business in the region, reducing customer access to Harley-Davidson products and negatively impacting the sustainability of its dealers' businesses", the company said in a public filing. (more...)
United States walks back China tech investment restrictions
- June 27, 2018

On Tuesday, the House cleared the modernized CFIUS bill, which now will move to a conference merging it with a Senate-passed bill. Senior administration officials disclosed the plans Wednesday. The announcement comes amid an intensifying trade war between U.S. and China. In response to the news USA stock futures surged, with S&P 500 and Dow Jones industrial average futures going positive after being in the red overnight. (more...)
China Says Washington Trade Actions Will Hurt American Workers China Says Washington Trade Actions Will Hurt American Workers
- June 27, 2018

The move is expected to exacerbate tensions in the intensifying trade clash between Washington and Beijing . The goods targeted are those United States officials say are tied to Beijing's "Made in China 2025" industrial development plan to achieve global dominance in emerging technologies such as artificial intelligence, robotics, aeronautics and new-energy vehicles. (more...)
Oil rises on supply disruptions, US push to shut out Iran Oil rises on supply disruptions, US push to shut out Iran
- June 27, 2018

NY futures gained as much as 1.3 per cent, after advancing 3.6 per cent on Tuesday. This helped further shrink USA crude's discount to global benchmark Brent WTCLc1-LCOc1 to as small as $4.78. - US President Donald Trump is calling on other countries to end their imports of crude oil from Iran. Net U.S. crude imports fell last week by 512,000 barrels per day. (more...)

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