Business


Amazon is Buying Eero, Because of Course Amazon is Buying Eero, Because of Course
- February 15, 2019

It wouldn't be surprising to see Amazon leverage Eero's products in a way that makes setting up WiFi-powered smart-home appliances more seamless. "We're excited to learn from and work closely with Amazon", Weaver said , defining the retail company as a team that will "bring Eero systems to more customers around the globe", as it's poised to accelerate Eero's mission while defining the future of the home. (more...)
Stock within Traders Screening:: Berkshire Hathaway Inc. (BRK-B) Stock within Traders Screening:: Berkshire Hathaway Inc. (BRK-B)
- February 15, 2019

The short ratio in the company's stock is documented at 2.53 and the short float is around of 1.10%. The EBITDA Yield for Berkshire Hathaway Inc . (NYSE:BRK-B) produced diluted EPS of 25.12. (NYSE:BRK.A) is 6. A score of nine indicates a high value stock, while a score of one indicates a low value stock. Average volume has an effect on the price of the security. (more...)
Molson Coors Restates Tax Liabilities by $247M Molson Coors Restates Tax Liabilities by $247M
- February 15, 2019

LendingClub Corporation debt-to-equity ratio now stands at 0.35, while its quick ratio hovers at. The company had a trading volume of 15,579 shares, compared to its average volume of 1,369,875. The stock price showed -20.57% down in value from one year high price and revealed 20.66% rise in value from its one year low price. The last few days have been rough for the stock, as its price has decreased by -0.53% during the week. (more...)
Bill Gates says he should pay higher taxes, doesn't 'deserve' his fortune Bill Gates says he should pay higher taxes, doesn't 'deserve' his fortune
- February 15, 2019

Alexandria Ocasio-Cortez (D-NY), saying that they miss the big picture and could lead to tax-dodging. Since the start of the year, there's been a flood of wealth-tax proposals. President Donald Trump has expressed views that align with it, too. Your tax bracket applies to only the amount you earn above the minimum income threshold for that bracket. (more...)
Wall Street Analyst: Wall Street Analyst: "Positive" Outlook for 2019 Crypto
- February 14, 2019

Lee went on to further explain his stance on Twitter, saying that "Positive developmental increments are coming" for cryptocurrency are coming within the next year. Therefore, the year felt like a "morning after sobering". Therefore, a positive environment for cryptocurrencies will be created which are classified as non-correlated assets. (more...)
JPMorgan set to move its in-house cryptocurrency to real-world trials JPMorgan set to move its in-house cryptocurrency to real-world trials
- February 14, 2019

The idea is that, once the dollar is deposited in banks, clients will issue the coins and such coins will be used either as payment or security purchase on the blockchain. While JP Morgan has laid out what it hopes to do with JPM Coin, it has been less transparent about the technical details of the token. "The product and technology capabilities are currency agnostic", according to the FAQ. (more...)
GM, Amazon to invest in Tesla rival Rivian? GM, Amazon to invest in Tesla rival Rivian?
- February 14, 2019

Trucks and SUVs are gas-guzzling cash cows for Detroit automakers. Rivian, founded by MIT mechanical engineering doctor R.J. Scaringe in 2009, aspires to be the first US carmaker to offer a mass-produced, off-road electric pickup, a product Tesla CEO Elon Musk also has been eyeing for quite a while. (more...)
Amazon drops NYC as one of its new HQ2 locations Amazon drops NYC as one of its new HQ2 locations
- February 14, 2019

Its plans were met with marches and rallies in opposition, and Amazon executives further angered opponents by declaring at a City Council hearing that they would oppose any effort by employees to unionize. We are disappointed to have reached this conclusion-we love NY, its incomparable dynamism, people, and culture-and particularly the community of Long Island City, where we have gotten to know so many optimistic, forward-leaning community leaders, small business owners, and residents. (more...)
Tesla rolls out 'sentry mode' safety feature Tesla rolls out 'sentry mode' safety feature
- February 14, 2019

Tesla updates are carried out remotely, as they are done via the cars' software. The function remains on until you manually turn it off, or until the auto battery dips below 20 percent charge (at which point you'll receive a mobile notification). (more...)
Is The Sun Setting On The Solar Industry? Is The Sun Setting On The Solar Industry?
- February 14, 2019

The number of jobs in the USA solar industry dropped by 3.2 percent in 2018, a second year of losses, as the Trump administration's tariffs on foreign panels and state-level policy changes hit demand for installations, according to an industry report released on Tuesday. (more...)
5 injured after turbulence forces Seattle-bound flight to land in Reno 5 injured after turbulence forces Seattle-bound flight to land in Reno
- February 14, 2019

In the clip of the disastrous scene recorded after landing, drinks and personal belongings can be seen scattered down the aisle, while the cart itself remained tipped over and leaned against a passenger's seat. Video from a passengers phone shows the chaotic onboard the flight 5763. Passenger Dave Macias wrote on Instagram after the flight: "I've been on a lot of flights over the previous year and a half and this was by far the wildest flight I've ever been on". (more...)
Boston tops LA for worst rush-hour traffic in the nation Boston tops LA for worst rush-hour traffic in the nation
- February 14, 2019

In London, jams cost the average road user up to £1,680 in 2018, while drivers in Edinburgh lost £1,219 each. This was followed by Belfast (£1,406 - 190 hours), Edinburgh (£1,219 - 165 hours), Manchester (£1,157 - 156 hours) and Leicester (£1,145 - 155 hours). (more...)
China raises hopes of trade deal with Trump as Xi joins talks China raises hopes of trade deal with Trump as Xi joins talks
- February 14, 2019

The steep trade tariffs President Donald Trump imposed last year brought an additional $9 billion into the government's coffers from October to December but the deficit was still 42 percent higher than the prior year, the US Treasury reported Wednesday. (more...)
Singapore-based fashion startup Zilingo raises USD226 million in Series D round Singapore-based fashion startup Zilingo raises USD226 million in Series D round
- February 14, 2019

Zilingo , a Southeast Asia fashion e-commerce website founded by 27-year-old Ankiti Bose in 2014, is all set to scale new heights, approaching Dollars 1 billion valuation, making Ankiti Bose among the youngest female chief executives to lead a start-up of the size in Asia. (more...)
Oil prices edge up on hopes for US-China trade breakthrough Oil prices edge up on hopes for US-China trade breakthrough
- February 14, 2019

International Brent crude oil futures were up 37 cents, or 0.6 percent, at $63.98 a barrel. USA sanctions on Venezuela's state-owned oil company are tightening the global oil market and sending refiners around the world scrambling to find replacements for the country's diesel-rich heavy and extra heavy crudes. (more...)
Airbus scraps production of A380 superjumbo Airbus scraps production of A380 superjumbo
- February 14, 2019

Despite the ability to carry up to 500-800 paying passengers onboard, the plane was simply too expensive, too fuel hungry and too big to be practical in today's world. This would simultaneously save money for the airline (the A350 is around $100 million Dollars cheaper) and allow them to wrap up the costly A380 program faster. (more...)
Reddit With New Chinese Blood? Tencent is Now its Lead Investor Reddit With New Chinese Blood? Tencent is Now its Lead Investor
- February 14, 2019

Reddit is ranked among the most visited United States websites and has more than 138,000 "communities" for discussions on various topics. A "Pooh" picture voted to near the top of the Reddit home page bore the caption: "Since Reddit took a US$150 million investment from Chinese Censorship company Tencent, please welcome our leader [Chinese] President Xi [Jinjing (習近平)]". (more...)
US charges former top Apple lawyer with insider trading US charges former top Apple lawyer with insider trading
- February 14, 2019

Despite this, prosecutors said Levoff bought and sold more than $14 million of Apple stock, including $10 million in July 2015 alone, after being given draft earnings materials but before the results were made public. In 2015, Levoff also initiated and implemented an update to Apple's insider trading policy. Federal prosecutors say Gene Levoff , Apple's senior director of corporate law until previous year, used advance information about the company's earnings to trade its shares ahead of ... (more...)
1.5M Ford pickups can downshift without warning 1.5M Ford pickups can downshift without warning
- February 14, 2019

Consumers reported five accidents related to the problem, Ford said in a news release. The company said affected vehicles could temporarily shift into first gear while driving, potentially causing drivers to lose control of their vehicles or crash. (more...)
Apple iPhone sales fall by 20 percent Apple iPhone sales fall by 20 percent
- February 14, 2019

Smartphones sales dropped to below 100 million units in China in Q4 2018 as the launch of iPhone XR and the promotional efforts of Single's Day shopping festival failed to generate important sales, researchers said . Mr Cook however emphasised the long haul, highlighting 19 per cent growth in services revenue. Huawei , which briefly surpassed Apple to become the world's second-biggest smartphone brand in 2018, remains the runaway leader at home. (more...)
Morgan Stanley makes biggest buy since financial crisis Morgan Stanley makes biggest buy since financial crisis
- February 13, 2019

Calgary-based Solium provides stock plans for over 3,000 companies, which include Instacart , Levi Strauss , Shopify , Bombardier and Dropbox. Morgan Stanley already has 320 share scheme clients that collectively manage schemes on behalf of 1.5 million employees, although its focus is on Fortune 500 companies. (more...)
Global oil supply to swamp demand in 2019 despite output cuts - IEA Global oil supply to swamp demand in 2019 despite output cuts - IEA
- February 13, 2019

OPEC members along with allies including Russian Federation agreed in early December to trim production by 1.2 mbd from January 1, in a bid to eliminate a production glut and shore up prices. "Even so, headline benchmark crude oil prices have hardly changed on news of the sanctions". Analysts were looking for a build of about 2.300 million barrels. (more...)
Bezos's lover's brother leaked texts to the National Enquirer Bezos's lover's brother leaked texts to the National Enquirer
- February 13, 2019

Though AMI has resisted revealing the source of the texts - which include some hot one-liners, like, "I want to hold you tight" - the Daily Beast notes that a lawyer for the company "strongly hinted" that Sanchez was the source during an interview with ABC Sunday. (more...)
Lufthansa Sues Passenger Who Deliberately Missed Flight Lufthansa Sues Passenger Who Deliberately Missed Flight
- February 13, 2019

Airlines put a premium on nonstop flights, and "skiplagging" passengers exploit that practice by booking flights with a layover, and then skipping the last leg of the flight. Lufthansa has taken a passenger, who didn't show up for the last leg of his ticketed journey, to court in an apparent bid to clamp down on "hidden city" ticketing. (more...)
Tesla CEO Elon Musk Visits Norway to Address Service Capacity Issues Tesla CEO Elon Musk Visits Norway to Address Service Capacity Issues
- February 13, 2019

Last October a tweet was sent to Tesla CEO Elon Musk asking if he could put a dog mode on the Tesla Model 3, "Where the music plays and the ac is on, with a display on screen saying 'I'm fine my owner will be right back'". If the events of the past year have taught us anything, it's that when it comes to bending Elon Musk's ear, Twitter is his direct line of communication. (more...)

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