Tuesday August 20-th, 2019

Buffett embraces Amazon as Berkshire gains stake Buffett embraces Amazon as Berkshire gains stake

Berkshire Shareholders were also seen at the Kiewit Building and taking selfies with the company headquarters building. While Buffett has always admired Jeff Bezos, he didn't invest in Amazon . He was speaking ahead of Berkshire Hathaway's annual sh...

Tesla Rolls Out Safety Feature to Keep Drivers in Their Lane Tesla Rolls Out Safety Feature to Keep Drivers in Their Lane

Despite repeatedly claiming Autopilot is the best tech on the market to help reduce crashes, Tesla is aware of the criticism and is also aware that there are some that simply don't use the tech. Drivers can opt not to have the Lane Departure Avo...

Ongoing Brexit delay drives down British manufacturing PMI Ongoing Brexit delay drives down British manufacturing PMI

April saw overseas manufacturing demand rapidly decrease, with the decline mainly due to Brexit according to the companies surveyed by IHS Markit and CIPS. Andrew Wishart of consultancy Capital Economics said he expected Britain's manufacturing P...

Toyota Prius Prime gains a 5th seat and more Toyota Prius Prime gains a 5th seat and more

You'll be able to get it in regular LE, XLE and Limited trim categories starting at $27,600, $250 more than last year's base model. With the power to run in either EV or hybrid driving modes, Prius Prime strikes a harmonious balance between necessi...

Job growth surged in April, unemployment rate falls to 49-year low Job growth surged in April, unemployment rate falls to 49-year low

Overall unemployment hit the lowest level since December 1969. "It is inflationary in the sense that wages did go up, but they didn't go up as much as we had expected". Healthcare added 27,000 jobs, while the financial sector added 12,000. The ...

Microsoft Details Azure AI and Machine Learning Improvements Microsoft Details Azure AI and Machine Learning Improvements

First up are some new capabilities under the cognitive-services banner. Beginning around 1:20pm and lasting for more than an hour, the outage appeared to span the breadth and depth of Microsoft's cloud services, including Office 365, Microsoft Team...

Private Payrolls 'SURGE' by 275,000+, Biggest Jump Since July — ECONOMY UNLEASHED Private Payrolls 'SURGE' by 275,000+, Biggest Jump Since July — ECONOMY UNLEASHED

The ADP data come two days before the official government employment report for April, which economists now predict will include a 180,000 gain in private jobs . Among 13 industries studied, only two, natural resources/mining and information, saw ...

Microsoft introduces Azure Blockchain Service to simplify blockchain development

First up are some new capabilities under the cognitive-services banner. Microsoft is putting some existing services into this category: Content Moderator (which tries to automatically detect offensive or undesirable text, images, and video) and Anoma...

Beyond Meat's Share Price More Than Doubles on First Day Beyond Meat's Share Price More Than Doubles on First Day

Beyond Meat's Ethan Brown. The company, backed by business and Hollywood celebrities including Microsoft Corp co-founder Bill Gates and actor Leonardo DiCaprio, originally planned for a smaller share sale to raise only US$184 million at the top of...

Activision Blizzard reveals first five Call of Duty franchise owners Activision Blizzard reveals first five Call of Duty franchise owners

Activision, which continues its esports push, also revealed the first five franchises of its new city-based Call of Duty league, which follows its highly successful Overwatch league . ESPN first reported earlier this year that Activision Bli...

GM confirms plans for all-electric full-size pickup truck GM confirms plans for all-electric full-size pickup truck

A half-billion dollars are now sinking into auto startup Rivian at a deal which has the companies working on a new Ford electric vehicle based on Rivian underpinnings. Of the six sedans being slashed from GM's lineup, it has already ended production...

UAE’s Souq.com Is Now Amazon.ae UAE’s Souq.com Is Now Amazon.ae

In a massive development and two years after spending $ 580 million to acquire Souq (an e-commerce store in UAE), Amazon finally replaces it and announces itself in UAE with a bang. Shoppers pay for goods in United Arab Emirates dirham ( AED ), ...

Senate fails to override Trump's veto, continuing US involvement in Yemen Senate fails to override Trump's veto, continuing US involvement in Yemen

The United States is providing logistical support and intelligence-sharing for a war that has killed thousands of civilians and left millions more on the brink of starvation. Lawmakers criticized Trump for not condemning Saudi Arabia's role strongly ...

Wynn Resorts fined $35 million, retains license for Everett casino Wynn Resorts fined $35 million, retains license for Everett casino

MA gambling regulators have levied a $35 million fine on Wynn Resorts but allowed it to retain its casino license after failing to disclose allegations of sexual misconduct against company founder Steve Wynn. She said, referencing requirements impo...

NZ jobless rate falls, but tepid wage and employment data hit currency NZ jobless rate falls, but tepid wage and employment data hit currency

Meanwhile, HLFS hours worked recorded a strong 4.9 percent quarter-on-quarter rise, recovering from a subdued previous quarter. Annual employment growth dropped to 1.5 percent year-on-year from 2.3 percent, in line with the recent slowdown in GDP gro...

That awful Chase bank tweet even caught the eye of Elizabeth Warren That awful Chase bank tweet even caught the eye of Elizabeth Warren

Warren was quick to remind Chase that its parent company, JP Morgan Chase, received billions of dollars in bailout money during the financial crisis of 2008 even as homeowners across the country were going into foreclosure. 'They pay their workers b...

Burger King ‘Unhappy Meals’ Capture All the Feels From Pissed to Yaaas Burger King ‘Unhappy Meals’ Capture All the Feels From Pissed to Yaaas

Where can I get a DGAF meal? The contents aren't necessarily very different to standard Burger King meals - they include a Whopper, french fries and a drink - but the cheeky boxes are cool enough even without the important message. "While not eve...

Trump tweets Stephen Moore has withdrawn name from Fed contention Trump tweets Stephen Moore has withdrawn name from Fed contention

Steve won the battle of ideas including Tax Cuts.and deregulation which have produced non-inflationary prosperity for all Americans. "I think if we can steer the discussion away from things that I wrote 20, 25 years ago and more towards what I beli...

Camaro SS gets a welcome nose-job as LT1 V8 joins range Camaro SS gets a welcome nose-job as LT1 V8 joins range

The refreshed 2019 Camaro introduced a highly controversial look (to be nice about it) with a black bar separating the grilles and a bowtie badge placed directly in the middle on that bar. By some distance too, selling 50,963 units to the Dodge C...

Not Everyone Was So Motivated By Chase's Monday Motivation Not Everyone Was So Motivated By Chase's Monday Motivation

You: why is my balance so low? . This is standard when opening accounts with large banks: the average customer is charged $329 in fees a year, according to a report by Bank Fee Finder . They posted a #MondayMotivation tweet and then pulled it af...

Canada's economy shrank in February, led down by oil and gas Canada's economy shrank in February, led down by oil and gas

Most economists believe the central bank's forecast looks overconservative - although many did trim their own estimates in the wake of the disappointing February result. This was evident in a 1.6 per cent drop in transportation and warehousing sector...

Facebook New Design & Features | Privacy Concerns Facebook New Design & Features | Privacy Concerns

The rollout of the new Facebook mobile app , internally known as FB5, has already started. Zuckerberg is no stranger to trying to diffuse the company's problems. The new app design has been showing up for some users since late March, but it was a ...

Qualcomm announces $4.7 billion boost in revenue after the Apple deal Qualcomm announces $4.7 billion boost in revenue after the Apple deal

Credit: Akshdeep Kaur Raked/ShutterstockAccording to Qualcomm's latest earnings report released this week, Apple will pay the company between $4.5 and $4.7 billion as part of the settlement the two firms made last month. In prepared remarks, Qua...

Google parent company Alphabet misses 1st-quarter revenue estimates Google parent company Alphabet misses 1st-quarter revenue estimates

Of note is the fact that Google's earnings from its "Other Revenues" continues to grow from previous year. Stocks fell on Tuesday as a sharp drop in Google's parent Alphabet dragged down the communication services sector. Meanwhile, the cost of...

Mastercard, Visa Agree To Cut Fees For Tourists In The EU Mastercard, Visa Agree To Cut Fees For Tourists In The EU

Within six months, Visa and Mastercard will lower the fees for in-store purchases by 0.2% of the value of the transaction for debit cards and by 0.3% for credit cards. European competition commissioner, Margrethe Vestager , said the binding prom...

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