Volkswagen Unveil ID 3

Volkswagen explains that the ID stands for "intelligent design, identity and visionary technologies," while the 3 references the model's compact sizing and its place in VW's historical hierarchy. Volkswagen plans to sell 100,000 of its ID.3 electri... More..

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FTC complaint: Amazon Echo Dot Kids illegally records conversations
by | Sunday, May 12, 2019

FTC complaint: Amazon Echo Dot Kids illegally records conversations

The complaint claims those privacy policies are "unclear and confusing", not specifying what information is collected, how it's used, and who it's shared with. This is a material omission likely to mislead re...More..

China trade talks will continue, but so will the tariffs
by | Saturday, May 11, 2019

China trade talks will continue, but so will the tariffs

In 2018, the USA administration said it would deliver as much as $12 billion to farmers after Beijing slapped retaliatory tariffs on US agricultural products. "Why retaliate? All we need to do is boycotti...More..

Uber shares fall on stock market debut
by | Saturday, May 11, 2019

Uber shares fall on stock market debut

And of course earlier investors are still going to make small fortunes . The IPO pricing is a balancing act for Uber's team of underwriting banks, led by Morgan Stanley, Goldman Sachs and Bank of America Mer...More..

RBA Holds Firm Ahead Of Federal Polls
by | Friday, May 10, 2019

RBA Holds Firm Ahead Of Federal Polls

Ahead of the meeting markets had priced in a roughly 50% chance that the bank could cut rates this month, leading the "Aussie" to tick higher as AUD investors unravelled their positions after the RBA voted ...More..

Facebook cofounder says it's time to break up company
by | Friday, May 10, 2019

Facebook cofounder says it's time to break up company

Facebook Inc. quickly rejected his call. The rest of the lengthy piece goes into great detail about how Facebook got so big, why Zuckerberg isn't up to the job of keeping the company reined in , and even ho...More..

GM, union reach deal to rescue part of Ontario plant
by | Friday, May 10, 2019

GM, union reach deal to rescue part of Ontario plant

GM even hinted at the potential to grow and generate significant additional jobs in the coming years, as the business attracts new customers. President and Managing Director, Travis Hester says 55-acres at th...More..

China vows retaliation if Trump raises tariffs
by | Friday, May 10, 2019

China vows retaliation if Trump raises tariffs

Negotiations between the two economic giants entered a pivotal moment Thursday, as US officials, Mnuchin and Lighthizer, met with He to try to broker a deal - which has proved elusive for months. The two countr...More..

GM in talks to sell Lordstown plant
by | Thursday, May 09, 2019

GM in talks to sell Lordstown plant

The UAW said on Wednesday in a statement GM should add a new product at Lordstown "and continue operating it", adding it would continue with its federal lawsuit against GM to protect the contractual rights of i...More..

Apple made a surprise 'Paperboy' game for billionaires Warren Buffett
by | Wednesday, May 08, 2019

Apple made a surprise 'Paperboy' game for billionaires Warren Buffett

Legendary investor Warren Buffett , who has beaten the S&P 500 index for decades, has long predicted that his days of outperformance would be numbered given the growing size of his firm, Berkshire Hathaway . ...More..

Hackers steal $41 million from cryptocurrency exchange Binance
by | Wednesday, May 08, 2019

Hackers steal $41 million from cryptocurrency exchange Binance

There may be additional accounts that have been affected but not yet identified, Binance said . Binance says: "The hackers used a variety of techniques, including phishing, viruses and other attacks". Bitc...More..

How trade tensions with China are affecting Alabama
by | Wednesday, May 08, 2019

How trade tensions with China are affecting Alabama

US President Donald Trump has claimed that China was seeking to U-turn on the trade deal struck between the two countries in the hope that it could renegotiate with a Democratic president following the 2020...More..

PUBG Mobile Pulled by Tencent From China as Regulatory Approval Proves Elusive
by | Wednesday, May 08, 2019

PUBG Mobile Pulled by Tencent From China as Regulatory Approval Proves Elusive

As you'd expect, Game for Peace quickly gained approval for monetization in China. According to Data consultancy Questmobile, PUBG had 186 million monthly active users (MAU) in China in February. Game app...More..

Markets Tumble Over Fears of a U.S.-China Trade War
by | Wednesday, May 08, 2019

Markets Tumble Over Fears of a U.S.-China Trade War

Apple also fell 2.7%. Another source familiar with the situation said Trump had reiterated to advisers in recent days that he would walk away from a trade deal with China if it was not strong enough. Th...More..

As Uber cruises towards $90bn float, the backlash from drivers intensifies
by | Wednesday, May 08, 2019

As Uber cruises towards $90bn float, the backlash from drivers intensifies

Today, he will join thousands of fellow drivers in an global boycott of the taxi app in a bitter dispute over pay and conditions. Lyft Inc's quarterly revenue rose 95% and topped market expectations o...More..

Consumer Alert: Beware of One Ring Robocalls
by | Tuesday, May 07, 2019

Consumer Alert: Beware of One Ring Robocalls

If you have received a call like this, file a complaint with the FCC , and check your phone bill for charges you don't recognize. The latest wave of calls, the FCC says, are using the "222" country code of the...More..

Wendy's bringing back spicy chicken nuggets, $0.50 cent Frosty
by | Tuesday, May 07, 2019

Wendy's bringing back spicy chicken nuggets, $0.50 cent Frosty

Wendy's retweeted Chance the Rapper's tweet Saturday afternoon, writing, "Y'all keep asking, so here's your chance". If the below tweet got 2 million likes, they'd bring back the nuggets, which were phase...More..

United States plans to announce new set of sanctions against Iran
by | Tuesday, May 07, 2019

United States plans to announce new set of sanctions against Iran

But under the Trump administration, the USA exited the deal and revived sanctions, including an embargo against Iran's economically important oil sector. Analysts said there were a number of factors driving o...More..

European shares are sliding over Trump's latest tweets on China
by | Monday, May 06, 2019

European shares are sliding over Trump's latest tweets on China

China's yuan plunged more than 1 percent against the dollar Monday, the most in more than three years. Despite Trump's claim that China pays these tariffs, they are actually paid by USA companies when they ...More..

Radio Recap: Unemployment at Record Low
by | Monday, May 06, 2019

Radio Recap: Unemployment at Record Low

The unemployment rate is expected to have held steady at 3.8 percent in April as more people searched for work. Some have taken a range of steps to fill jobs , including training more entry-level workers, lo...More..

Sterling stands tall before BoE rates decision
by | Sunday, May 05, 2019

Sterling stands tall before BoE rates decision

Sterling has traded in a narrow range of 1.28-1.30 dollar since Britain last month pushed its scheduled departure from the European Union back from March until October 31. Broadbent said that six months ago, ma...More..

Amazon Got a Place in Berkshire Hathaway's Portfolio
by | Sunday, May 05, 2019

Amazon Got a Place in Berkshire Hathaway's Portfolio

The US investment guru said he would like his firm, Berkshire Hathaway , to be better known across the Atlantic. Thousands of Berkshire Hathaway shareholders return to Omaha every year to learn from Warre...More..

Elon Musk owes $507 million to banks helping Tesla raise capital
by | Sunday, May 05, 2019

Elon Musk owes $507 million to banks helping Tesla raise capital

Tesla expects capital expenditures of $ 2 billion to $2.5 billion this year and about $2.5 billion to $3 billion annually for the next two fiscal years. Elon Musk's most despised group of investors are ratchet...More..

HSBC's Q1 profit rises 31% on income hike, lower costs
by | Sunday, May 05, 2019

HSBC's Q1 profit rises 31% on income hike, lower costs

Britain's biggest bank said pre-tax profit for the three months to the end of March increased 31% to $6.2bn as revenue rose 5% to $14.4bn. Effective July 2018, access to full reports will only be available ...More..

Microsoft Makes JPMorgan’s Quorum the Preferred Blockchain for Azure Cloud
by | Sunday, May 05, 2019

Microsoft Makes JPMorgan’s Quorum the Preferred Blockchain for Azure Cloud

Microsoft will also provide engineering, consulting and go-to-market support for Quorum . Microsoft said that Quorum was a "natural choice" as it is built on the Ethereum protocol, which has the wor...More..

Tyson Foods expands recall of frozen chicken strips for metal contamination
by | Sunday, May 05, 2019

Tyson Foods expands recall of frozen chicken strips for metal contamination

The chicken was sold between October 2018 and March 8, with all the packages with the establishment number P-7221. The frozen, ready-to-eat chicken strip items were produced on various dates from October 1, 2...More..

by | Sunday, May 05, 2019

Disney to sell Fox regional sports networks to Sinclair for $9.6B

The long-discussed sale of all of those affiliates is done and Sinclair Broadcasting has purchased them from Disney for $10, billion. Regulators were concerned that the company would have too much control o...More..

The Call of Duty series has sold over 300 million games
by | Sunday, May 05, 2019

The Call of Duty series has sold over 300 million games

The slots have been awarded to the ownership groups of corresponding Overwatch League teams. "Our expanded partnership with Activision Blizzard and the acquisition of the Toronto Call of Duty franchis...More..

Beyond Meat Shares Soar 163% on First Day of Trading
by | Saturday, May 04, 2019

Beyond Meat Shares Soar 163% on First Day of Trading

On Wednesday, the company priced its initial public stock offering at $25 per share, but touched $72 during the trading before closing at $65.75. "Through success and struggles, the consumer has been there fo...More..

Unemployment Rate for Women Falls to Lowest Since 1953
by | Saturday, May 04, 2019

Unemployment Rate for Women Falls to Lowest Since 1953

In April, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.2%, down from 4.7% in March - breaking the record low of 4.3% set two months earlier in February. Over the year, average hourly...More..

Amazon Up Big On Berkshire Investment
by | Saturday, May 04, 2019

Amazon Up Big On Berkshire Investment

Amazon's closing price on Thursday, ahead of this disclosure, was $1,900.82, and the shares were up nearly 2% at $1,938 shortly after the opening bell on Friday. Warren Buffett , CEO of Berkshire Hathaway Inc,...More..

Chase Bank’s odd financial shaming gets torched on Twitter
by | Friday, May 03, 2019

Chase Bank’s odd financial shaming gets torched on Twitter

Chase deleted the "Monday Motivation" tweet and pledged to be more sensitive on social media in the future. The vast blowback led Chase to delete its tweet and offer up an apology. Even some of Chase's own em...More..

Vodafone found security issues with Huawei network equipment in Italy
by | Friday, May 03, 2019

Vodafone found security issues with Huawei network equipment in Italy

Over the past few years, several countries, including the USA, have banned the use of Huawei equipment in their 5G network rollouts. The carrier said the problems have now been resolved. Now, it has emerged t...More..

Apple's $1 Trillion Valuation Is Further Away Than It Looks
by | Friday, May 03, 2019

Apple's $1 Trillion Valuation Is Further Away Than It Looks

Sales of iPads jumped 22% to $4.9 billion, which Cook called out as "our strongest iPad growth in six years". It seems that public interest has shifted away from iPhones, with Huawei and Samsung racing p...More..

Tesla raising $2.3 billion after money-losing first quarter
by | Thursday, May 02, 2019

Tesla raising $2.3 billion after money-losing first quarter

Tesla paid off $920 million in March and is due to pay off around $2 billion in loans in the next couple of years, so the latest debt issue doesn't necessarily mean the company's overall debt burden will be on ...More..