Money


Lightyear One solar EV claims a 450-mile range Lightyear One solar EV claims a 450-mile range
- June 28, 2019

The roof and hood of the automobile are lined with five sq. meters of solar cells under security glass, which the company claims is "so strong that a completely-grown grownup can lunge on them with out inflicting dents". The Lightyear One visually reminds us of a lot of things, majority good, and we especially love the long aero tail and wheel spats. According to the company, around 100 people have already reserved a build slot. (more...)
Jony Ive will depart Apple to start his own company Jony Ive will depart Apple to start his own company
- June 28, 2019

Now in the world of fickle stocks, Apple's considered a relatively stable and good buy. Apple's analyst with creative strategies said it would be "the most significant departure of somebody who was a core part of the growth story" under Jobs. (more...)
Huawei employees were working with China military on research projects Huawei employees were working with China military on research projects
- June 28, 2019

The reports were based on public records that include research written by Huawei employees. Huawei is a lot more than just the phones that bear its name. An employee at Huawei's Shanghai office is listed as the lead author of one research project alongside a member of PLA unit 78156 and another researcher at an investigative centre under the Central Military Commission. (more...)
Bombardier to sell regional jet biz to Mitsubishi for $550 million Bombardier to sell regional jet biz to Mitsubishi for $550 million
- June 28, 2019

Mitsubishi chief executive Seiji Izumisawa said the deal is an important step towards building a strong, global aviation capability, which includes a Mitsubushi-made CRJ variant, the MRJ, that it hopes to launch next year. "The CRJ programme has been supported by tremendously talented individuals". "We are confident that MHI's acquisition of the program is the best solution for airline customers, employees and shareholders ". (more...)
Target's teacher discount is coming back with more ways to save Target's teacher discount is coming back with more ways to save
- June 28, 2019

Interested teachers can also go in-store to a cashier for assistance. Registered teachers will be able to save on school supplies, wipes, tissues, hand sanitizer and even clothes and shoes. The form asks for the school's name, first and last names, school email address, and personal email address. Items excluded from the discount include electronics, backpacks, lunch bags, trial & travel size items, swim, sleepwear, Fan Central, clearance, items sold and shipped by Target+TM Partners and ... (more...)
United States biopharma AbbVie to buy Botox maker Allergan for $63 billion United States biopharma AbbVie to buy Botox maker Allergan for $63 billion
- June 27, 2019

Revance has a market value of $550 million, and the stock jumped 5% yesterday after the AbbVie-Allergan deal was announced. The offer represents a 45 per cent premium over Monday's share price of Irish-registered Allergan, whose management recommended the operation to shareholders. (more...)
Huawei says 5G 'business as usual' despite US sanctions Huawei says 5G 'business as usual' despite US sanctions
- June 27, 2019

U.S. semiconductor firm Micron Technology said Tuesday it had resumed some sales to Huawei despite the ban imposed by President Donald Trump on national security grounds. The telecom carrier plans to build 50,000 5G base stations in over 50 cities this year and will offer 5G services to all the prefecture-level cities next year, he said. (more...)
Google Maps gets Stay Safer mode Google Maps gets Stay Safer mode
- June 27, 2019

Connie Monsees said she was on her way to pick up her husband when she hit frightful traffic on the main road to Denver International Airport. While Monsees was looking forward to the prospect of picking up her husband on time, it wasn't long before she found herself driving on a dirt road, and she wasn't alone. (more...)
Alabama Car Dealership Offers Shotgun, Bible and Flag With Every Purchase
- June 27, 2019

It isn't unusual for a auto dealership to throw in a couple of all-season floor mats to sweeten the deal when purchasing a new or pre-owned vehicle, but one dealership in Alabama is taking it a step further in honor of Independence Day. (more...)
Stocks rise on hopes for trade deal Stocks rise on hopes for trade deal
- June 27, 2019

He hopes that there will be a deal - but he will not speculate about when it will happen! "We were about 90% of the way there, and I think there's a path to complete this", Mnuchin said . Speaking with CNBC , Mnuchin said that the USA and China have a "path to complete this". Stocks are poised to open higher on Wednesday on word of the potential progress in a trade standoff that could affect almost $1 trillion in commerce involving the world's two biggest economies, with the Dow pointing ... (more...)
Democratic Debate: Technical Failures Force NBC to Cut to Commercial Democratic Debate: Technical Failures Force NBC to Cut to Commercial
- June 27, 2019

Former secretary of housing and urban development Julian Castro: "China and climate change". "It should also piss us all off". But the candidates didn't agree on everything. The biggest American political debate since the 2016 presidential campaign is occurring over two nights in Miami, climaxing Thursday with former vice president Joe Biden squaring off against nine challengers, including number two candidate Bernie Sanders. (more...)
Possible We May Make Trade Deal With China: Donald Trump Possible We May Make Trade Deal With China: Donald Trump
- June 27, 2019

Trump said Chinese leaders "want to make a deal". Trump wants to impose more tariffs on China if the United States and the Asian powerhouse does not reach an agreement. A public comment period on the tariffs ends on July 2 following seven days of public hearings in which USA companies large and small begged to be spared from the tariffs and warned of hardships in shifting production out of China. (more...)
Trump bashes 'stubborn child' Fed as economy shows signs of weakness Trump bashes 'stubborn child' Fed as economy shows signs of weakness
- June 27, 2019

The Federal Reserve thinks the long term growth rate of the US economy is about 1.8 percent and growth above that is viewed as being "above potential" and risking inflation rising too high. Trump said former President Barack Obama had a Federal Reserve chairman "that kept rates very low". This difference about potential growth leads the Fed and the president to advocate for different monetary policy. (more...)
Some US companies have resumed supplying to Huawei Some US companies have resumed supplying to Huawei
- June 27, 2019

The report mentions three ways a company can still sell products to Huawei , and not be in violation of the ban: 1. if the products are being sold as manufactured in other countries, outside of the USA, as long as they are not made with 25 per cent of US-originated material. (more...)
1st LD-Writethru: Suning buys controlling stake in Carrefour China 1st LD-Writethru: Suning buys controlling stake in Carrefour China
- June 27, 2019

The local retailer said it hopes to complement offline retailing and merchandising with Carrefour's capability and to strengthen the consumer goods sector. A growing number of European and American retailers are either scaling back their presence or tying up with local partners in order to stay competitive in China, where e-commerce penetration is one of the highest globally. (more...)
Nintendo, Sony and Microsoft Rail Against Trump's Console Tariffs Nintendo, Sony and Microsoft Rail Against Trump's Console Tariffs
- June 27, 2019

Given the fact Microsoft and Sony are about to enter a new generation of hardware, it seems especially pressing for those two companies to avoid such a scenario. The letter is one of the few instances of solidarity between the three console makers, who have been in competition for a market-share of the gaming world for almost twenty years. (more...)
Amazon is doubling down on Prime Day this year Amazon is doubling down on Prime Day this year
- June 27, 2019

From now until June 30 (or while supplies last), you can score the Toshiba HD 43-inch Fire TV Edition Smart TV at a majorly discounted price. Subscribers have two days to shop more than 1 million deals , including limited-time offers and exclusive launches. (more...)
Powell says Fed won't buckle to pressure from Trump on rate cuts Powell says Fed won't buckle to pressure from Trump on rate cuts
- June 26, 2019

Last week the Fed said almost half of its policymakers think rate cuts could be needed this year. The Dow Jones Industrial Average fell 179.32 points, or 0.67 per cent, to 26,548.22, the S&P 500 lost 27.97 points, or 0.95 per cent, to 2,917.38 and the Nasdaq Composite dropped 120.98 points, or 1.51 per cent, to 7,884.72. (more...)
Stocks mixed ahead of G-20, Iran and weak dollar lift gold Stocks mixed ahead of G-20, Iran and weak dollar lift gold
- June 26, 2019

Louis Fed President James Bullard said he does not think the U.S. economy is dire enough to warrant a 50-basis-point cut in July. Gold prices fell more than 1% on Wednesday, retreating from a 6-year peak scaled in the previous session, on signs the U.S. (more...)
AbbVie: Allergan acquisition for $63 billion will merge Humira and Botox makers AbbVie: Allergan acquisition for $63 billion will merge Humira and Botox makers
- June 26, 2019

Facing competition for the world's top-selling drug, AbbVie is jumping on this year's pharmaceutical merger bandwagon with a $63 billion bid for Botox maker Allergan that's meant to spur future growth. AbbVie will pay $188 a share in cash and stock, a 45 percent premium over Allergan's closing price on June 24. On Tuesday, Allergan shares were up $34.69, or 27%, at $164.26 in afternoon trading, while AbbVie shares fell $12.11, or 15.5%, to $66.32. (more...)

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