Money


2019 iPhone cameras take center stage in new leak
- May 16, 2019

The colors represented by plastic casings in Gurman's tweet are lavender, green, yellow and white. iPhone XR fans will recognize those last two as holdovers from the 2018 iPhone XR's rainbow of colors. These will be placed, together with an LED flash, inside a square shaped box believed to be the same size as that of the box housing the rumored triple-camera setup for the 2019 iPhone XS and XS Max. (more...)
Impossible Foods receives $300m in Series E funding round Impossible Foods receives $300m in Series E funding round
- May 15, 2019

David Lee, chief financial officer for Impossible Foods said: "We have cracked the molecular code for meat and built an industry-leading intellectual property portfolio and brand". While Impossible now only sells to restaurants, the company plans to target retailers with its plant-based protein later this year. Even more celebrities like Philly's own Questlove of The Roots has jumped on the Impossible Foods bandwagon with the launch of " Questlove's Cheesesteak". (more...)
Asian stocks drop, yuan slides as trade war escalates Asian stocks drop, yuan slides as trade war escalates
- May 15, 2019

The way that works is not by dumping treasuries, but buying dollars and dumping their own currency in bulk (usually with a horde of foreign exchange reserves), and using the dollars to purchase treasuries. Here are some notable events coming up this week: Earnings this week include Alibaba, Tencent, Cisco, Nvidia.China industrial production and retail sales are slated for Wednesday, the same day as USA retail sales and industrial production.Bank of Indonesia has an interest rate decision on ... (more...)
Hinduja brothers top UKs Rich List for third time Hinduja brothers top UKs Rich List for third time
- May 15, 2019

The newspaper reported that the head of Coutts, the Queen's bank, said clients were more concerned with Corbyn than by Brexit and that a tax expert had helped a number of people with a net wealth of more than £500 million, totalling more than £5 billion, leave Britain over the past year. (more...)
Jet Airways CFO and deputy CEO Amit Agarwal quits company Jet Airways CFO and deputy CEO Amit Agarwal quits company
- May 15, 2019

Among its conditions, Etihad Airways, which owns about 24% stake in Jet, wants an exemption from an open offer that may be triggered by a change in ownership structure of Jet Airways. Before joining Jet, he was senior VP (Asia Pacific) at Delta. Thereafter, a team led by Taneja engaged with companies in India and overseas to facilitate alternative employment for Jet. (more...)
Trump calls trade war with China 'a little squabble' Trump calls trade war with China 'a little squabble'
- May 15, 2019

LONDON, May 14 (Reuters) - World stocks held near two-month lows on Tuesday as slightly more optimistic comments from us and Chinese officials on trade brought some comfort, a day after equities suffered their worst selloff so far this year. (more...)
Facebook raises minimum wages for USA contract workers to $20/hour Facebook raises minimum wages for USA contract workers to $20/hour
- May 14, 2019

The exact amount of the raise depends on where the employees in question live, and what type of work they do. For starters, this change only applies to contract workers in the US, and a chef in Seattle will not see as large of a raise as one in San Francisco. (more...)
Elon Musk: Here are SpaceX's first 60 Starlink internet-beaming satellites Elon Musk: Here are SpaceX's first 60 Starlink internet-beaming satellites
- May 14, 2019

While Elon Musk's SpaceX has made a name out of reinventing space travel and exploration, one of its long-term plans is to fill the sky with satellites transmitting high-speed Internet to every point on the globe. This will not be SpaceX's first launch of the satellites. Just two weeks after that February 2018 Falcon Heavy launch, a Falcon 9 sent the first two Starlink satellites skyward . (more...)
Bitcoin tops $8,000 as it hits highest since July 2018 Bitcoin tops $8,000 as it hits highest since July 2018
- May 14, 2019

Bitcoin's latest surge happened on Saturday, when the two USA exchanges carrying futures are closed, making it potentially hard for short sellers to cover their wagers. Bitcoin ( BTC ), with a market capitalization that now accounts for 59.8 percent of the total cryptocurrency market, jumped 16 percent from its opening price of $6,800 to reach $7,889 at 15:10 UTC - its highest price since July 31, 2018, according to CoinDesk's price data . (more...)
Trump prepares more tariffs as China retaliates Trump prepares more tariffs as China retaliates
- May 14, 2019

The Shanghai benchmark was down 0.4 at the midday break. The Russell 2000 index of small company stocks lost 49.99 points, or 3.2%, to 1,523. The increase is set to take effect June 1, leaving time for the countries to reach a trade deal before the tariffs are bumped up. (more...)
WTI crude hits $63 on after Saudi oil tankers sabotaged WTI crude hits $63 on after Saudi oil tankers sabotaged
- May 14, 2019

A spokesman for the Iranian Foreign Ministry also warned about a "conspiracy orchestrated by ill-wishers" and "adventurism by foreigners" meant to undermine regional stability. - In early 2008, the United States said Iranian boats threatened its warships after they approached three U.S. naval ships in the Strait. It said the incident did not result in oil spills. (more...)
Livermore Couple Claiming Roundup Weed Killer Caused Cancer Awarded $2 Billion Livermore Couple Claiming Roundup Weed Killer Caused Cancer Awarded $2 Billion
- May 14, 2019

The award to Alva and Alberta Pilliod included $1 billion each in punitive damages and $55 million in compensatory damages for economic and non-economic losses for their non-Hodgkin's lymphoma. Bayer announced last month that over 13,000 lawsuits related to the weedkiller had been launched in the US. They filed their lawsuit in 2017 after being diagnosed with cancer in 2011 and 2015, respectively. (more...)
Stocks Fall After China Announces Retaliatory Tariffs Stocks Fall After China Announces Retaliatory Tariffs
- May 14, 2019

The Dow fell more than 475 points at the open. European indexes were mostly down a bit more than 1%. The S&P 500 lost 1.67 per cent by mid-morning. President Trump warned, " China should not retaliate-will only get worse!" The result has been a volatile week-long roller coaster with no end in sight. (more...)
Start A Package Delivery Business With The Help Of Amazon Start A Package Delivery Business With The Help Of Amazon
- May 14, 2019

The new employee incentive is part of a program Amazon started a year ago that let anyone apply to launch an independent Amazon delivery business and provided $10,000 in reimbursements to military veterans. "Now we have a path for those associated with an appetite for opportunities to own their own businesses". Under a previously announced feature of the DSP program, Amazon pledged $1 million to reimburse up to $10,000 in startup costs for qualified US military veterans. (more...)
Elon Musk to face trial over 'pedo' claim against rescue diver Elon Musk to face trial over 'pedo' claim against rescue diver
- May 13, 2019

US District Judge Stephen Wilson said that "reasonable fact-finder could easily conclude that [Musk's] statements... implied assertions of objective facts" referring to Musk's now-deleted tweets and emails to BuzzFeed News that claimed the plaintiff, Vernon Unsworth, was a paedophile , The Verge reported on Friday citing court filings . (more...)
Chris Hughes was nearly right about breaking up Facebook Chris Hughes was nearly right about breaking up Facebook
- May 13, 2019

On his Sunday program Fareed Zakaria GPS, Zakaria asked Hughes about his op-ed for the New York Times "where the biggest concern you say in the piece is the degree to which Mark Zuckerberg has nearly total control over what information we all read about, access". (more...)
China defiant as Trump adviser admits U.S. consumers pay tariffs China defiant as Trump adviser admits U.S. consumers pay tariffs
- May 13, 2019

The now 25% tariffs are meant as a punishment to China for the country's refusal to accept the Trump Administration's latest version of a potential trade deal. On Friday, Chinese Vice Premier Liu said trade talks between China and the U.SO, which lasted for just two hours, "went fairly well" and that "talks would continue". (more...)
US Supreme Court Rules Against Apple, Allows Antitrust Suits US Supreme Court Rules Against Apple, Allows Antitrust Suits
- May 13, 2019

Apple´s online marketplace is the sole avenue for apps for its iPhone and other mobile devices, and the company has paid out more than $100 billion to developers since launching the store a decade ago. The group of plaintiffs argued that developers priced their apps higher than they otherwise would to account for Apple's commission. Dissenting from the decision, conservative Justice Neil Gorsuch, said the decision is "not how antitrust law is supposed to work" because it gives a green light ... (more...)
US President Donald Trump warns China not to retaliate against tariff hike US President Donald Trump warns China not to retaliate against tariff hike
- May 13, 2019

U.S. benchmark 10-year Treasury note yields inched down to 2.439pc, partly as a safe haven but also on speculation that the escalating trade war would put more pressure on global growth and thus keep major central banks accommodative. After trade talks broke up later in the day, US officials said they were preparing to expand those tariffs to cover another $300 billion of goods, covering most imports from China. (more...)
United Kingdom economy expands on Brexit stockpiling United Kingdom economy expands on Brexit stockpiling
- May 13, 2019

Gross domestic product (GDP) growth rose to 0.5 per cent between January and March, according to the Office for National Statistics ( ONS ). Manufacturing recorded a 2.2 percent rise in manufacturing. Tej Parikh, a senior economist at the Institute of Directors , believes the strong three month figures could be "a flash in the pan". Yet, in its latest quarterly forecasts released earlier this month, the Bank of England pointed out that although some stocks were being sourced from ... (more...)

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