On Wednesday, March 14, 2018, the Securities and Exchange Commission filed charges against Holmes and her company for defrauding investors. …
Archive | Markets
Theranos founder Elizabeth Holmes resigns from firm she founded
China imposes equal tariffs on USA imports in retaliation
The action comes “in light of China’s theft of intellectual property and technology and its other unfair trade practices”, he added. Trump …
Some Chattanooga Airport flights canceled
A technical issue forced almost 3,000 parent carrier (PSA) flights to be cancelled. American Airlines tweeted Thursday that PSA Airlines, …
McDonald’s to replace plastic straws with paper ones in UK and Ireland
Only 1% are recycled, largely because they are made of a mixture of polypropylene and polystyrene. And the food service company Bon Appétit Man…
Honey Smacks cereal recalled over concerns of salmonella
The recall comes after warnings from the Centers for Disease Control and Prevention and the U.S. Food and Drug Administration that the taint…
Wetherspoons Ditches French Champagne in Latest Brexit Sulk
German wheat beers will be removed in favour of UK-brewed brands including Blue Moon Belgian White, Thornbridge Versa Weisse Beer and SA Brains …
Trump Has Made Decision on China Tariffs, Sanders Says
Following the decision, Congresswoman Rosa DeLauro said tariffs must be seen as one tool among many the United States could use to hold bad acto…
SEC Director of Corporate Finance: Ether Is Not a Security
Bitcoin, too, rose as a result of this news. Hinman appeared to contradict himself when he dove into an analysis of token sales likely falling…
Microsoft reportedly building self-checkout shopping tech
The Amazon Go convenience stores utilize a complex network of sensors on shelves, cameras, and A.I.to track what people pick up and place in the…
Trump says he may upset China over trade as US tariffs loom
But his calls for about $50 billion in tariffs could complicate his efforts to maintain China’s support in his negotiations with North Korea. …
Basic Economic Factors Are Foretelling an Oil Price Crash
Barclays said in a note that it expected the group to increase production by 700,000 to 800,000 bpd. While economic growth is projected to be …
Vladimir Putin says football unites planet as World Cup begins in Russian Federation
But after Iury Gazinsky scored the first goal of this World Cup to give Russian Federation the lead in the 12th minute, a home win was never i…
Minimum wage doesn’t cover the rent anywhere in the U.S.
According to the study, low-wage work is expected to grow over the next 10 years, but seven of the ten occupations are expected to provide a med…
Elon Musk’s Boring Company to build Chicago high-speed airport link
That said, with his other companies, Musk has “been able to pursue and fulfill visions that others say are too hard”, Mahmassani added. Adam C…
SpaceX package will add “small rocket thrusters” to 2020 Tesla Roadster
Tesla’s Enhanced Autopilot package can be purchased at $5,000 for Autopilot 2.0 cars and on the top of that, an additional package for “Full …
Rising fuel prices spur inflation in May
The RBI in its bid to tighten inflation , increased repo rate last week, for the first time in more than four years. “This is 0.87 per cent p…
Apple to make 20 percent fewer new model iPhones this year
You’ll see on iPhone X schematics, the flash is substantially smaller than the cameras. This is now in debate across the media, with many stat…
Federal Reserve Raises Key Interest Rate and Signals More Increases May Come
The increase marks the highest level of interest rates in the United States since 2008. It’s the second rate hike under Powell, a Republican…
USA, Canada and Mexico to host 2026 FIFA World Cup
U.S. soccer president Carlos Corderio said after his bid’s success on Wednesday: “It’s a bit emotional for us today”. Canada and Mexico woul…
Bitcoin Price was Manipulated by Tether, Researchers Claim
The product of two researchers at the University of Texas, the paper – titled Is Bitcoin Really Un-Tethered? – claims to have identified poten…
Shameful handling of migrant ship shows need for EU asylum reform
Macron’s office said Tuesday that France doesn’t want to “start a precedent” that would allow some European countries to breach worldwide laws a…
Uber might be working on AI tech that knows when you’re drunk
The premise of the software is to use a learned algorithm to determine a user’s state of inebriation. It will also draw on the location of the…
Fed hikes rate for second time this year
The action means consumers and businesses will face higher loan rates over time. It is the seventh time the bank has raised rates since 2015. …
Donald Trump says North Korea no longer a nuclear threat: ‘sleep well!’
By claiming that the North Korean nuclear threat has disappeared, Trump also risks weakening the USA negotiating position in talks on denucleari…
Canada parliament slams US’ Trudeau attack
Mulroney began working with Trudeau previous year. For over a year, the United States, Canada and Mexico have been engaged in tough negotiat…
Trump Declares Oil Prices ‘Too High,’ Blames OPEC
USA light crude was up 10 cents at $66.46 a barrel. Oil prices dropped on Wednesday as a result of increased supplies in the U.S. In the U…
Toyota makes record $1 billion investment in ride-hailing firm Grab
The US$1 billion sum is the largest-ever investment globally by an automaker in the ride-hailing sector. When Grab claimed the Softbank invest…
Dixons Carphone discovers unauthorised data access
It added that its investigation also found hackers had accessed non-financial personal data like names, addresses or email details for more than…
Same-sex couple accuse Uber driver of kicking them out for kissing
The couple questioned him about his decision and asked him why they were not allowed to kiss. As they were crossing the Manhattan bridge, Iovine…
Trump says Canadian leader Justin Trudeau ‘learned’ from trade comments
Addressing reporters in Singapore ahead of Trump’s summit Tuesday with North Korean leader Kim Jong Un, Pompeo said he was “unconcerned” that …