Business

Business Record bitcoin price propped up by another digital currency
Author: 0 Record bitcoin price propped up by another digital currency

John Griffin and Amin Shams , of the University of Texas at Austin's Department of Finance, published a study Wednesday linking the stablecoin with bitcoin's prices during the 2017 price increases. The paper alleges that these instances may account for about 50% of the price increases of Bitcoin and 64% of others trading in the top ten. Some cryptocurrency enthusiasts will take issue with comparing the rally previous year with an asset bubble, but it certainly had all the right ...

Business New Leaks For 2018 iPhone Suggest Triple Camera Module
Author: 0 New Leaks For 2018 iPhone Suggest Triple Camera Module

The schematic leak backs up these specifications and also gives information about the smartphone's camera. This is now in debate across the media, with many stating that the third slot is simply for the flash, however this contrasts previous schematics where the flash is distinctly smaller than the lenses themselves.

Business Fed announces rate decision
Author: 0 Fed announces rate decision

Borrowers are likely to see higher bills next month on credit cards and mortgages, especially those with adjustable rates. The Fed's new forecast showed inflation inching up only slightly over the next 2 1/2 years . In the longer run, it maintained the forecast for 1.8% growth. The rate is estimated to fall 3.5% next year , through to 2020, down from the previous forecast of 3.6%.

Business Trump adviser apologizes for saying Trudeau has ‘special place in hell’
Author: 0 Trump adviser apologizes for saying Trudeau has ‘special place in hell’

At the news conference , Trudeau called the USA steel and aluminum tariffs "insulting" and stated that Canada would go ahead with retaliatory tariffs on July 1 unless the American duties were dropped. As we've argued elsewhere , Trump appears to be targeting allies as a means of rupturing their mindset-convincing them that they are no longer deserving of American coddling just because of their geopolitical status.

Business Uber submits patent to detect drunken app users
Author: 0 Uber submits patent to detect drunken app users

It also looks at how many times they tap on the Uber app, exactly where they tap, their walking speed and how long it takes for them to request a ride. The official report says the company is working on artificial intelligence tech for this new patent. The new technology will allow Uber to warn its drivers when a passenger is perceived to be drunk, giving them the opportunity to deny the request for a ride.

Business Fed raises interest rates and signals faster hikes on the way
Author: 0 Fed raises interest rates and signals faster hikes on the way

Even so, raising rates too quickly could prevent vulnerable Americans and pockets of the country still struggling from reaping the benefits of a strong economy. It then raised rates once in 2015, once in 2016, three times in 2017 and now twice this year . But if it miscalculates and overdoes the credit tightening, it can trigger a recession.

Business 12 burning questions about the Trump-Kim Summit, answered
Author: 0 12 burning questions about the Trump-Kim Summit, answered

Earlier Wednesday, North Korea's state KCNA news agency said denuclearization would be a "step by step process" with "simultaneous action", a stance that appeared to contradict the US refusal to offer sanctions relief before North Korea gives up its nuclear weapons.

Business Uber driver who booted 2 kissing women has license suspended
Author: 0 Uber driver who booted 2 kissing women has license suspended

She thought he was joking, ' Iovine, an advertising technology consultant, said. "That's genuinely all it was". "You don't do that here in the vehicle". "He started aggressively coming at us". Elbotari said that he would do the same for a straight couple, but admitted that he has less tolerance for a same-sex couple.

Author: 0 Trump eyes oil prices: ‘OPEC is at it again’

The recent spike in oil should ease in the near term, according to the International Energy Agency's (IEA) latest monthly report, but there could be a large supply gap late next year if the Organization of Petroleum Exporting Countries (OPEC), year as oil demand will grow steadily thanks to a solid global economy.

Business Dixons Carphone hacked, close to 6 million card records compromised
Author: 0 Dixons Carphone hacked, close to 6 million card records compromised

Dixons Carphone said that "unauthorised access" of data held by the company had prompted an investigation, the hiring of external security experts and efforts to shore up its security defences. Dixons Carphone said the 1.2 million personal data records that were hacked saw non-financial personal data, such as name, address or email address, accessed.

Business Senate adopts measure blocking Trump ZTE deal
Author: 0 Senate adopts measure blocking Trump ZTE deal

Shen is ZTE's chief intellectual property officer and acting chief compliance officer. ZTE didn't immediately respond to a request for comment. But the ban on buying USA parts, imposed by the department in April, will not be lifted until the company pays the fine and places $400 million more in escrow in a US -approved bank, the agency said .

Business AT&T-Time Warner Decision: Either Way, Media Is Ailing
Author: 0 AT&T-Time Warner Decision: Either Way, Media Is Ailing

But Comcast has said it's prepped to top Disney's bid for the 21CF assets - and it's widely expected that Comcast will pull the trigger now that the AT&T-Time Warner merger has the go-ahead. It is, he said then, " a deal we will not approve in my administration because it's too much concentration of power in hands of too few". The loss is a black eye for the Justice Department.

Business Tesla to slash thousands of jobs in profitability drive
Author: 0 Tesla to slash thousands of jobs in profitability drive

It's not clear which departments will be most affected. According to sources familiar with the matter, there was a round of layoffs at Tesla that started on Monday and it is going to be made official by Tesla CEO Elon Musk today. In May, Musk announced a " thorough reorganization " in a memo to employees. For almost all of its history, Tesla has put up losses while investing heavily in technology, manufacturing plants and an extensive car-charging network.

Business Domino's Pizza fixing potholes
Author: 0 Domino's Pizza fixing potholes

To show the damage crummy roads can do to your pie, the website shows in-box footage of pizza getting pretty messed up under a variety of road conditions. "We don't want to lose any great-tasting pizza to a pothole, ruining a wonderful meal". 4 towns have already benefited from this initiative. The pizza chain has already done work in four cities to fix roads that directly affect their customers.

Business Trump's vow to end military drills with South Korea stuns a region
Author: 0 Trump's vow to end military drills with South Korea stuns a region

It was shocking, he said, because these exercises are fundamental to our military relationship with South Korea. It's debatable whether North Korea's commitment to recovering USA war remains could count as a major win for Washington when Pyongyang would be simply returning to what it had been doing for years.

Business Amazon expands Whole Foods discounts to Prime members in North Carolina
Author: 0 Amazon expands Whole Foods discounts to Prime members in North Carolina

The discount was announced in May for a trial run in a small number of stores, and will now extend into 10 states where Whole Foods Markets have a presence. Amazon Prime members in Arizona, Georgia, Hawaii, Oregon, North Carolina, Washington, Mississippi, Alabama, Arizona, and SC, as well as parts of Southern California, will be able to take advantage of steep discounts at Whole Foods, starting on June 13.

Business Read the document signed by Trump and Kim after the summit
Author: 0 Read the document signed by Trump and Kim after the summit

The larger session of the meeting, which took place at the Capella Hotel in Singapore's resort island of Sentosa, was attended by major security and diplomatic aides to Kim and Trump . North Korean state-run Korean Central News Agency reported that Kim enjoyed the "nocturnal bird's-eye view" from the Marina BaySands "observation platform".

Business Teslas Autopilot to get full self-driving feature in August
Author: 0 Teslas Autopilot to get full self-driving feature in August

Consumer groups argue Tesla's marketing - and even the name " Autopilot ", which calls to mind a free-flying jet - contributes to a risky misunderstanding for drivers , suggesting they can take their hands off the steering wheel. The SUV also was equipped with automatic emergency braking. Another crash, in Utah, has been tentatively blamed on Autopilot , the owner receiving serious leg injuries when her vehicle slammed into a parked fire truck after she had switched the system on and ...

Business Land Rover Discovery production moving to Slovakia
Author: 0 Land Rover Discovery production moving to Slovakia

In 2016, the company said it would produce Discovery models in Slovakia. It stressed that it remains committed to the United Kingdom as it outlined plans to invest hundreds of millions in upgrading its plants in Solihull and Halewood to build to the next versions of hybrid and electric Range Rover models.

Author: 0 Elon Musk's Boring Company flamethrowers sell like hot cakes

Musk named the item " Not a Flamethrower ". To purchase The Boring Company's $500 "Not-a-Flamethrower", all 20,000 buyers were required to sign off on Green Eggs and Ham-inspired conditions. While most customers were thrilled about the idea of owning and using a flamethrower, there were some who expressed concerns about it being misused by minors and criminals.

Business Donald Trump and Kim Jong-un summit handshake - what it all means
Author: 0 Donald Trump and Kim Jong-un summit handshake - what it all means

Pompeo, who led the outreach as Central Intelligence Agency director, traveled twice to North Korea for preliminary talks . "I'm very optimistic that we will have a successful outcome from our meetings tomorrow", he said. That is, experts suggest Pyongyang may only agree to give up its nukes in exchange for the USA terminating its military presence in South Korea and ending its regional nuclear umbrella, a security arrangement in which Washington promises in-kind retaliation on behalf ...

Business At the Trump-Kim Summit, Human Rights Are on the Agenda
Author: 0 At the Trump-Kim Summit, Human Rights Are on the Agenda

And Secretary of State Mike Pompeo sought to keep expectations for the summit in check. Authorities have beefed up security around the hotels where Trump and Kim (Saint Regis) will be staying in central Singapore . Trump, asked last week if Rodman had been invited to Singapore , said, "No, he wasn't". When Singaporean Prime Minister Lee Hsien Loong visited the global media center for the summit at F1 Pit Building on Sunday, he said it will cost the city state "around 20 million ...

Business North Korea's Kim lands in Singapore ahead of summit with Trump
Author: 0 North Korea's Kim lands in Singapore ahead of summit with Trump

Trump and Mr. Kim just a year ago. A man walks past a television news screen showing US President Donald Trump (L) and North Korean leader Kim Jong Un (C), at a train station in Seoul on June 11, 2018 . "If diplomacy doesn't move in the right direction, sanctions will increase", Secretary of State Mike Pompeo says. He has made two trips to China since March to meet President Xi Jinping, and held summit talks with South Korean President Moon Jae-in in April and May in the ...

Author: 0 Kim Jong Un goes for surprise nighttime walk ahead of summit

Singapore Foreign Minister Vivian Balakrishnan (Bal-a-krish-nan) says Kim went to the Flower Dome at Gardens by the Bay in Singapore on Monday night. While President Trump has spoken positively about the upcoming summit, he has been vague on details of what they might be able to actually achieve.

Business White House Economic Adviser: Canada's Trudeau 'Stabbed Us In The Back'
Author: 0 White House Economic Adviser: Canada's Trudeau 'Stabbed Us In The Back'

The communique was supposed to illustrate shared ground between the US, Germany, the UK, Canada, France , Italy and Japan following Mr Trump's imposition of tariffs on steel and aluminium imports. Yes, the "sophomoric"-Trump economic adviser Larry Kudlow's word on CNN's State of the Union for Trudeau's power play-spat is far more interesting than the 4,000-word agreement countless diplomats spent many hours crafting that was meant to summarise the summit".

Author: 0 49 jobs at risk as discount retailer calls in administrators

She said the business was hit by falling footfall, alongside rising costs and weak consumer confidence. Poundworld has around 350 stores across the UK. "We thank all employees for their support at this hard time". The high street has also been rocked by a succession of retailers and restaurant chains unveiling plans to shut down stores to reflect tougher trading conditions.

Business Facebook under fire again for granting extended access to user data
Author: 0 Facebook under fire again for granting extended access to user data

Facebook said it walled off outside access to user data in 2015, but it reportedly gave certain companies extended access, including Royal Bank of Canada. Particularly concerning is the claim that Facebook's deals included, in some cases, more extensive access to data about users' friends. "But other than that, things were shut down", he told the Wall Street Journal .

Business Kia recalls 65,000 vehicles in Canada for airbag glitch
Author: 0 Kia recalls 65,000 vehicles in Canada for airbag glitch

Hyundai says the recall now includes all vehicles with the same air bag computers. "NHTSA's investigation should not have even been necessary", said David Friedman, director of cars and product policy and analysis at Consumers Union, the advocacy division of Consumer Reports.

Author: 0 Pompeo says North Korea could get ‘unique’ security guarantees

Kim's full delegation has not yet been confirmed, but other prominent North Korean officials seen in photos included foreign minister Ri Yong Ho and Kim Chang Son - the man who has been in Singapore in recent weeks negotiating logistical details for the summit.

Business Bitcoin tumbles as hackers hit S.Korean exchange Coinrail
Author: 0 Bitcoin tumbles as hackers hit S.Korean exchange Coinrail

A tweet from Coinrail confirming the cyber-attack sent the price of bitcoin tumbling 10% on Sunday to two-month lows. The exchange said that 70 percent of its coin and token reserves had been secured and two thirds of what had been stolen had since been frozen or recalled.

Business Kim, Trump arrive in Singapore for landmark summit
Author: 0 Kim, Trump arrive in Singapore for landmark summit

The US President flew to Singapore from Canada, where he participated in an especially contentious G7 summit that came after he triggered a trade dispute with several of the US' closest allies. In order to prevent the collapse of the talks and subsequently, North Korea's return to the mainstream after decades of worldwide isolation, advisors (from Washington and Pyongyang ) in the meeting must do what they can to steer the discussion in a positive direction.

Business $315M Powerball Jackpot victor comes forward
Author: 0 $315M Powerball Jackpot victor comes forward

The father of two chose to take the $183 million cash payout and remain in his New Jersey hometown. He found out he was the victor the next day. While Souami was stopped at a red light, he noticed a 7-Eleven store to his right and went inside to check his lottery tickets.

Business Dennis Rodman flying to Singapore for Kim-Trump summit
Author: 0 Dennis Rodman flying to Singapore for Kim-Trump summit

The summit will be the first meeting between Trump and Kim and mark a turnaround of relations between the two leaders after a long-running exchange of furious threats and insults. Trump, speaking in Canada on Saturday, said any agreement at the summit would be "spur of the moment", underscoring the uncertain outcome of what he called a "mission of peace".

Business Germany, France slam Trump over Group of Seven U-turn
Author: 0 Germany, France slam Trump over Group of Seven U-turn

The U.S. president arrived several minutes after the start of the breakfast meeting between G7 leaders and the gender equality advisory council that Prime Minister Justin Trudeau created for this year's summit in the Charlevoix region of Quebec .

Business KFC to begin testing Vegetarian options in the UK
Author: 0 KFC to begin testing Vegetarian options in the UK

Some 14% of US consumers, or 43 million people, regularly use plant-based alternatives to traditional foods, such as almond milk, tofu and veggie burgers, according to research firm NPD Group. Restaurant consultant Aaron Allen told USA Today more restaurant companies would release vegetarian options. "This is about providing choice, and offering delicious, signature KFC taste that just happens to be lighter".

Business IHOP Name Change to IHOb Teased by Iconic Pancake Restaurant
Author: 0 IHOP Name Change to IHOb Teased by Iconic Pancake Restaurant

It is unclear whether the name change would be permanent but IHOP rep Stephanie Peterson confirmed to Fox News that it is taking place. It's still to be determined whether IHOP is actually aware of the connection. Nobody knows. This week, they have been going back and forth with Twitter users about the possibilities, never fully releasing its meaning. That one seems like a stretch.

Author: 0 Trump says does not endorse G7 communique, after 'weak' Trudeau comments

Canada charges the USA a 270% tariff on Dairy Products! According to the official, May would tell the summit that "it is worth stepping back to recall that the West, led by the USA, devised the global rules-based system to enable our citizens to benefit from globalization while providing reassurance that we would all play by a common set of rules".

Business BC loses 12000 jobs in May
Author: 0 BC loses 12000 jobs in May

But Statistics Canada says, overall, the economy lost 75-hundred jobs last month as full-time positions fell by 31-thousand and the loss was only partially offset by gains in part-time work. Goods-producing industries led the way lower, shedding 29k positions due to weakness in manufacturing and construction. In accommodation and food services, employment rose by 18,000 in May, driven by growth in British Columbia.

Business BT chief steps down as board loses confidence
Author: 0 BT chief steps down as board loses confidence

Chairman Jan du Plessis, who had backed Mr Patterson at last month's strategy update, yesterday said shareholders had convinced him the CEO's time was up, even as the board is still "fully supportive" of the business plan. During his tenure at BT, Patterson steered the organisation through a gruelling Ofcom Market Review that ultimately resulted in the legal separation of BT from its network infrastructure business Openreach .

Author: 0 United States is a 'piggybank everyone is robbing', says Trump at G7

Trump had signed the official G7 communique before leaving, but hours later, he tweeted that he had instructed his representatives "not to endorse" the final statement. During his press conference on Saturday, Trump warned foreign countries not to retaliate against the USA tariffs. Trudeau said the G7 had agreed to an "ambitious" communique, but he acknowledged the leaders left La Malbaie without significantly transforming Trump's increasingly confrontational approach to trade.

Business Trump and Kim set to arrive in Singapore for historic summit
Author: 0 Trump and Kim set to arrive in Singapore for historic summit

Trump's Secretary of State Mike Pompeo has said Trump receives daily intelligence briefings on North Korea . Agreeing to a troop withdrawal from South Korea would be the worst possible outcome for the summit , said Christopher Hill, a former US ambassador who ran negotiations with North Korea in the George W.

Author: 0 Trump Warns Against EU Trade Reprisals After Stormy G7 Summit

As the leaders met, Trump played a wild card, suggesting that rather than both sides boosting retaliatory tariffs - as he has just done on steel and aluminium - they could declare for entirely free trade in the G7 zone. A Kremlin spokesperson meanwhile said they were interested in "other formats", apart from the G7. He said he was "going in with a very positive attitude and I think we will come out fine".

Business Buffett Says Health Venture CEO Pick to Be Disclosed in Weeks
Author: 0 Buffett Says Health Venture CEO Pick to Be Disclosed in Weeks

Dimon , the chairman of the Business Roundtable , said the group of CEOs has thrown its support behind companies backing away from the practice. J.P. "Public guidance was the fix for many companies". Around that time, big companies like Coca Cola, UPS and AT&T said they would no longer give quarterly guidance.