Money


Microsoft Details Azure AI and Machine Learning Improvements Microsoft Details Azure AI and Machine Learning Improvements
- May 05, 2019

A new service entitled Personalizer will make recommendations to users. To simplify the process of building, training and deploying machine learning models, Microsoft has also come out with MLOps capabilities with Azure DevOps integrations, so that developers can reproduce, audit and automate the end-to-end machine learning lifecyle. (more...)
Amazon's Managed Blockchain now open to everyone Amazon's Managed Blockchain now open to everyone
- May 04, 2019

There are several firms that are starting to develop blockchain solutions and implementing distributed ledger technology ( DLT ) in their organization. "However, they find these frameworks hard to install, configure, and manage", says Rahul Pathak , general manager, Amazon Managed Blockchain at AWS . (more...)
MPC votes unanimously to hold Bank Rate MPC votes unanimously to hold Bank Rate
- May 04, 2019

But for now, the BoE said, there was little risk from waiting to see if Britain can leave the European Union later this year without a big shock to the economy. "The MPC continues to be cautious in its approach, waiting until the Brexit outcome is clearer before raising rates further". British inflation is now just below its 2 percent target, but unemployment is at its lowest in more than 40 years while wages are rising at their fastest rate in a decade. (more...)
Almost 12 million pounds of Tyson chicken strips recalled Almost 12 million pounds of Tyson chicken strips recalled
- May 04, 2019

The chicken strips were produced from October 1, 2018 through March 8, 2019 and have use by dates from October 1, 2019 through March 7, 2020. Establishment number P-7221 appears on the back of the packaging. The recall also affects select Publix, Kirkwood, Giant Eagle, Hannaford, Food Lion, Best Choice, Great Value, Meijer and Spare Time products. The products under recall were produced on various dates between October 1, 2018 and March 8 of this year. (more...)
Beyond Meat IPO raises US$241m as veggie appetite grows Beyond Meat IPO raises US$241m as veggie appetite grows
- May 04, 2019

Beyond Meat Inc. more than doubled in its trading debut after raising $241 million in an upsized initial public offering that priced at the top of the marketed range. However, despite its popularity Beyond Meat is still not profitable and recorded a net loss of US$30 million in 2018, according to its most recent financial records released on Monday. (more...)
Facebook planning to launch its own currency
- May 04, 2019

The social media giant is also looking to recruit e-commerce firms and apps to accept its cryptocurrency and integrate it as a payment system, in a way similar to how websites and apps now use Facebook to let users log-in. Merchants would also benefit from adopting the new payment standard by not having to pay typical fees associated with credit card transactions. Some of the use cases being considered for Facebook's stablecoin include allowing its WhatsApp messaging service users to send ... (more...)
Disney to sell Fox regional sports networks to Sinclair for $9.6B Disney to sell Fox regional sports networks to Sinclair for $9.6B
- May 04, 2019

The portfolio excludes the YES Network, which is being acquired separately by the New York Yankees with Sinclair as a minority partner, according to a report in the Wall Street Journal . The New York Yankees chose to buy back their network from the group, removing a crown jewel that's valued at about $4 billion. Sinclair said Diamond Holdings will be given a $1.4 billion cash influx for operations from a combination of cash on hand and Sinclair debt that the company said was already "fully ... (more...)
Tesla sued over fatal crash blamed on autopilot malfunction Tesla sued over fatal crash blamed on autopilot malfunction
- May 04, 2019

NBC Bay Area and ABC7 News reported that the family filed the suit against both Tesla and the state of California. As Bloomberg points out, the suit argues that Tesla was aware, or should have been aware, "that the Tesla Model X was likely to cause injury to its occupants by leaving travel lanes and striking fixed objects when used in a reasonably foreseeable manner". (more...)
Berkshire Hathaway is Buying up Amazon Shares, Before Its Annual Stockholders Meeting Berkshire Hathaway is Buying up Amazon Shares, Before Its Annual Stockholders Meeting
- May 04, 2019

Buffett told CNBC on Thursday that a money manager at Berkshire Hathaway has been buying shares in Amazon lately. The Amazon purchase adds an additional bond between Buffett and Bezos, whose companies teamed up past year with JPMorgan Chase & Co to form a new venture, Haven, to reduce employee healthcare costs. (more...)
Trump Celebrates Massive Job Growth, Record Low Unemployment Trump Celebrates Massive Job Growth, Record Low Unemployment
- May 04, 2019

Yahoo Finance's Dan Roberts, Akiko Fujita, and Kristin Myers discuss the latest numbers with Markus Schomer, chief economist at Pine Bridge Investments. Ambulatory care including outpatient medical services, hospitals, and nursing and residential care facilities accounted for more than 50,000 of that gain. (more...)
Activision Blizzard reveals first five Call of Duty franchise owners Activision Blizzard reveals first five Call of Duty franchise owners
- May 03, 2019

Activision Blizzard have revealed the first five cities and organizations that have purchased a spot in the new franchised Call of Duty league. OverActive Media is now - as things stand - the only company that owns spots in three major franchised leagues. (more...)
Souq becomes Amazon.ae in UAE Souq becomes Amazon.ae in UAE
- May 03, 2019

Shoppers would have wide range of products to choose from - as many as 30 million products from local and global businesses. Customers in the UAE are presented with a statement issued by the company's co-founder Ronaldo Mouchawar . The e-commerce giant's move comes amid heightened competition for online retailers in the Persian Gulf with the rise of Noon.com, a startup formed in 2017 with backing from Saudi Arabia's oil-rich sovereign-wealth fund. (more...)
Big Illinois Bank Pulls Motivational Tweet After Backlash Big Illinois Bank Pulls Motivational Tweet After Backlash
- May 03, 2019

Bank account: you don't need a cab, it's only three blocks . A critic of big banks, Sen. You: why is my balance so low? . Earlier this month, Porter and JPMorgan Chase CEO Jamie Dimon clashed during a congressional hearing with other banking executives over employee pay, reports CNN . (more...)
Moore bails as Trump's Fed pick hours after 'I'm all in' pledge Moore bails as Trump's Fed pick hours after 'I'm all in' pledge
- May 02, 2019

Steve won the battle of ideas including Tax Cuts.and deregulation which have produced non-inflationary prosperity for all Americans. Senator Susan Collins said she will wait to see whether Moore gets nominated before deciding how she will vote, but "some of his writings about women I find offensive, and I'm concerned about whether he respects the independence of the Federal Reserve". (more...)
Apple Will Pay Qualcomm $4.5B to Make Nice, Use Its Modems Apple Will Pay Qualcomm $4.5B to Make Nice, Use Its Modems
- May 02, 2019

Apple accused Qualcomm, which holds the most patents for chips, of taking advantage of its dominant position to charge exorbitant amounts for its chips or access to its patents. Excluding that payment, Qualcomm estimated $4.7 billion to $5.5 billion in revenue, generally below the $5.29 billion analysts were expecting, according to IBES data from Refinitiv. (more...)
Elizabeth Warren blasts Chase for tweet about customers not having money Elizabeth Warren blasts Chase for tweet about customers not having money
- May 02, 2019

The full text of the original tweet said, " You: why is my balance so low / Bank account: make coffee at home / Bank account: eat the food that's already in the fridge / Bank account: you don't need a cab, it's only three blocks / You: I guess we'll never know / Bank account: seriously? ". (more...)
Tesla Model 3 now available in the United Kingdom from £38,900 Tesla Model 3 now available in the United Kingdom from £38,900
- May 02, 2019

Tesla's plan to issue debt and convertible shares comes after the company repeatedly pushed back forecasts for turning a profit. "Tesla intends to use the net proceeds from the offerings to further strengthen its balance sheet, as well as for general corporate purposes", Tesla said Thursday in offering a major stock option. (more...)
Google parent company Alphabet misses first quarter revenue estimate Google parent company Alphabet misses first quarter revenue estimate
- May 02, 2019

Google's massive size, which still had revenue of $36.3 billion in the first quarter , means that growth must slow as global digital ad budgets and worldwide economies have also slowed, said Peart. Google doesn't break out cloud revenues, which are included in the "other revenues" category. That makes Google Cloud the first to offer the GPUs globally. (more...)
Growth in China's services activity slows in April: official PMI Growth in China's services activity slows in April: official PMI
- May 02, 2019

The official Purchasing Managers' Index (PMI) for manufacturing surprisingly slipped to 50.1 in April from last month's reading of 50.5, which was the first expansion in four months, data from the statistics bureau showed. Although slightly down from 50.5 of a month ago, the PMI was still the second highest since November and stayed above the boom-bust line for two consecutive months, NBS senior statistician Zhao Qinghe said. (more...)
Has Buffett Found a Solution to Berkshire's Cash Woes? Has Buffett Found a Solution to Berkshire's Cash Woes?
- May 02, 2019

Should that happen, Berkshire will hold 100,000 shares of preferred stock that will pay a whopping 8 percent annual dividend - or $800 million. Chevron maintained Tuesday that its signed agreement with Anadarko is superior, but with Buffett stepping in many saw the advantage swing decidedly toward the much smaller Occidental and its CEO, Vicki Hollub. (more...)

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