Fed's Brainard says risks bolster argument for lower-than-expected rates

The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it's prepared to start cutting rates if needed to protect the USA economy from trade conflicts and other threats. Draghi's comments sent the value of the euro ... More..

by | Published 3 days ago
Sogou, Chinese Search Engine CEO believes Facebook Libra can change the world
by | Saturday, June 22, 2019

Sogou, Chinese Search Engine CEO believes Facebook Libra can change the world

Libra could turn out to be a smashing success, but at least according to a couple of people in the AC forums, they don't seem to psyched about it. Sarah Miller, deputy director of Open Markets Institute, whi...More..

Iran Downs U.S. Drone, Dispute Over Location Heightens Tensions
by | Friday, June 21, 2019

Iran Downs U.S. Drone, Dispute Over Location Heightens Tensions

A USA official confirmed to CNN a drone had been shot down , but said the incident occurred in worldwide airspace over the Strait of Hormuz , one of the world's most vital shipping routes. Since then, Iran is...More..

American Airlines snubs U.S. planemaker Boeing for European rival Airbus
by | Friday, June 21, 2019

American Airlines snubs U.S. planemaker Boeing for European rival Airbus

The new jet has been the star of this year's Paris Air Show , with American Airlines announcing that it ordered 50 of the new Airbus planes on Wednesday . In a further competitive twist, Boeing said...More..

Facebook Reveals They are Launching Cryptocurrency Called Libra
by | Thursday, June 20, 2019

Facebook Reveals They are Launching Cryptocurrency Called Libra

And the ubiquity of smartphones means digital wallets for Libra could make banking and credit card services and e-commerce available in places where they don't now exist. Facebook has also set up a non-profi...More..

US Chair of Financial Services Requests Facebook's Libra Crypto Project Halted
by | Thursday, June 20, 2019

US Chair of Financial Services Requests Facebook's Libra Crypto Project Halted

That cryptocurrency is called Libra, and it'll launch next year alongside a digital wallet called Calibra. So far 27 partners have surfaced willing to accept or trade the crypto-vouchers, among them compani...More..

Art Del Cueto: AOC's Concentration Camps Comment 'Disgusting'
by | Wednesday, June 19, 2019

Art Del Cueto: AOC's Concentration Camps Comment 'Disgusting'

Ocasio-Cortez doubled down on her false statement, tweeting: "This administration has established concentration camps on the southern border of the United States for immigrants, where they are being bruta...More..

Trump's trade chief vows to work with democrats on NAFTA revamp
by | Wednesday, June 19, 2019

Trump's trade chief vows to work with democrats on NAFTA revamp

Businesses and investors say they hope the negotiations will gain momentum if Trump and President Xi Jinping hold a face-to-face meeting at a Group of 20 summit in Osaka, Japan , in two weeks. "I think we ...More..

Winklevoss twins on Facebook's Libra cryptocurrency: 'We need to be frenemies'
by | Wednesday, June 19, 2019

Winklevoss twins on Facebook's Libra cryptocurrency: 'We need to be frenemies'

Like Bitcoin , Libra uses cryptocurrency. Facebook will be just one voice among many in the association , but is separately building a digital wallet called Calibra . They also aim to keep its valu...More..

No one will win tech cold war, Huawei says
by | Tuesday, June 18, 2019

No one will win tech cold war, Huawei says

The exec conceded that Huawei didn't expect such an enormous hit. Huawei did not respond to a request for comment. Ren also confirmed that the company is revising its revenue target which was set to $125 bill...More..

PetSmart’s Chewy wends public at $1 billion blockbuster IPO
by | Monday, June 17, 2019

PetSmart’s Chewy wends public at $1 billion blockbuster IPO

Some 46.5 million Chewy shares were sold in the IPO, up from the anticipated 41.6 million as PetSmart sold more shares than originally planned. Besides, at its first day in NYSE, on Friday (June 14th), shares o...More..

Toyota learn how to turn off the engine
by | Monday, June 17, 2019

Toyota learn how to turn off the engine

Toyota has announced plans to roll out two new safety features across its lineup, addressing concerns over carbon monoxide poisoning and rollaway accidents. This feature will not automatically park your auto,...More..

The giant companies paying $10m for Facebook crypto nodes
by | Sunday, June 16, 2019

The giant companies paying $10m for Facebook crypto nodes

The Wall Street Journal reported on Friday that the social media giant had recruited "more than a dozen" companies to fund its upcoming cryptocurrency , reportedly called Libra. While the Libra Blockchain i...More..

Target launches same-day ship without a membership mandate
by | Sunday, June 16, 2019

Target launches same-day ship without a membership mandate

Rival Walmart Inc. (NYSE: WMT ) followed in short order with a new one-day delivery initiative covering 220,000 online items. If they choose to use their REDcard to pay for them, they will also get 5% off th...More..

King Arthur Flour issues recall over possible E. coli contamination
by | Sunday, June 16, 2019

King Arthur Flour issues recall over possible E. coli contamination

Flour sold directly through King Arthur's catalog, website and retail store in Norwich is not included in the recall. "The recalled Unbleached All-Purpose Flour (5 lb.) was distributed through retailers and d...More..

Target stores experiencing outages nationwide
by | Sunday, June 16, 2019

Target stores experiencing outages nationwide

Target acknowledged nationwide " system issues " affecting its stores on Saturday that prevented its customers from checking out at registers. "Our teams are troubleshooting now and we apologize for the incon...More..

USA consumer inflation slows in May on cheap energy, used cars
by | Saturday, June 15, 2019

USA consumer inflation slows in May on cheap energy, used cars

Data on Tuesday showed that USA producer prices rose for a second straight month in May, though price pressures remained tepid. The Labor Department said on Wednesday its consumer price index edged up 0.1% ...More..

Axing America’s Android: Huawei files to trademark own mobile operating system worldwide
by | Saturday, June 15, 2019

Axing America’s Android: Huawei files to trademark own mobile operating system worldwide

The phone was earlier scheduled to hit the shelves in June. Huawei is getting closer, it seems, to the day when it will begin relying on a Plan B mobile operating system to replace the reliance it's enjoyed...More..

Facebook will pay you so it can track your phone activity
by | Thursday, June 13, 2019

Facebook will pay you so it can track your phone activity

Facebook announced today that it has launched a new app for Android users called Study from Facebook. "We plan to take this approach going forward with other market research projects that help us understan...More..

United Technologies, Raytheon seal massive USD74b deal
by | Thursday, June 13, 2019

United Technologies, Raytheon seal massive USD74b deal

When contacted by the media on Sunday, the United Technologies spokesperson declined to comment on whether the company would pay a premium for Raytheon once the Carrier and Otis separations are completed. Indus...More..

Build-A-Bear brings back 'Pay Your Age' promotion -- with some changes
by | Thursday, June 13, 2019

Build-A-Bear brings back 'Pay Your Age' promotion -- with some changes

This new system was developed in an effort to reduce the chaos that ensued past year during the company's first Pay Your Age event that was held on one day. Customers will have to be registered with the store...More..

Raytheon and United Technologies in merger talks: WSJ report
by | Wednesday, June 12, 2019

Raytheon and United Technologies in merger talks: WSJ report

The combined company will have about $26 billion in debt, with $24 billion coming from UTC. United Technologies , a $116 billion engineering conglomerate, and Raytheon, a $53 billion defence contractor, said...More..

Divided G20 admits worsening trade wars pose risk to world economy
by | Tuesday, June 11, 2019

Divided G20 admits worsening trade wars pose risk to world economy

Trade and geopolitical tensions have "intensified ". " I think what the president is saying is, if we move forward on trade, that perhaps he'll be willing to do certain things on Huawei if he gets comfort fro...More..

Xbox ‘Project Scarlett’ Coming With 8K Support And 4x More Power
by | Tuesday, June 11, 2019

Xbox ‘Project Scarlett’ Coming With 8K Support And 4x More Power

The new console, unveiled under the codename, Project Scarlett , will include a custom-designed CPU based on AMD's Zen 2 and Radeon RDNA architecture. Halo: Infinite is coming with Project Scarlett . Beg...More..

Hiring slows amid trade tensions, with only 75000 jobs added in May
by | Monday, June 10, 2019

Hiring slows amid trade tensions, with only 75000 jobs added in May

Thanks to Friday's report and recent dovish language from Fed officials, the stock market notched its best week in 2019. 'Fed officials are likely to remain cautious at the June meeting and keep all their opt...More..