Tuesday October 15-th, 2019

Binance Postpones Resuming Deposits and Withdrawals to Wednesday Binance Postpones Resuming Deposits and Withdrawals to Wednesday

Cryptocurrency exchange Binance , which is recovering from last week's security incident which allowed hackers to steal 7,000 bitcoins (roughly $40 million), said on Monday it has strengthened its security and promised it will allow deposits and...

British unemployment rate hits 44-year low at 3.8 pct British unemployment rate hits 44-year low at 3.8 pct

With the United Kingdom hovering close to full employment, the unemployment rate at its lowest since 1974 and the inactivity rate remaining low, there is very little spare capacity in the labour market - and the gap is being filled by ambitious forei...

Walmart ups the delivery game with next day U.S. shipping Walmart ups the delivery game with next day U.S. shipping

It will roll out gradually over the "coming months" with a goal of reaching about 75% of the major U.S. population in the next year. According to Walmart, it will actually cost less to deliver orders the next day, because eligible items come from a...

Jeff Bezos invests $1.5B in Amazon air hub for faster deliveries Jeff Bezos invests $1.5B in Amazon air hub for faster deliveries

Amazon does not own hundred cargoes yet, but according to the company, around 50 aircrafts will operate from this hub. "That's a big deal". "We could have well over 100 other companies locate here in our region to be near the Prime Air hub", he...

Tesla: N.Y. solar factory to make EV chargers, other products Tesla: N.Y. solar factory to make EV chargers, other products

There are now 730 full-time workers employed at the Buffalo plant where Tesla's solar roof is produced, a number that encompasses both Tesla's own workers as well as those of Panasonic, its partner at the factory. Panasonic manufactures solar cells a...

Hyundai, Kia Invest 80 Million Euros In Rimac; Establish Technology Partnership Hyundai, Kia Invest 80 Million Euros In Rimac; Establish Technology Partnership

Be it about Porsche acquiring 10 per cent stake in the EV company or providing the electric powertrain for the Mahindra-owned Pininfarina's electric hypercar, the Battista . While Hyundai gets a couple cars out of the deal, Rimac also benefits b...

Some Uber Customers Can Now Choose to Ride With Non-Chatty Drivers Some Uber Customers Can Now Choose to Ride With Non-Chatty Drivers

As of today, passengers in the USA can request that drivers don't talk to them by selecting " quiet preferred ". Uber says the preferences have to be set up before hailing a ride, and that they offer "an increasing number of ways for riders to pers...

Trump ropes Federal Reserve into US-China trade war Trump ropes Federal Reserve into US-China trade war

Some Fed officials, meanwhile, have separately made the case for the central bank to take steps to push price pressures back to goal, and financial markets expect a rate cut this year. The decision Wednesday to create no adjustment in the policy rate...

Mnuchin says courts need to settle fight over Trump’s tax returns Mnuchin says courts need to settle fight over Trump’s tax returns

U.S. President Donald Trump has denied that trade talks with China had broken down even as he imposed more tariffs on Chinese imports and both sides prepared for another round of further tariffs, roiling global markets in recent days. "Doesn't Cong...

Arriva becomes second rail operator to sue over East Midlands rail franchise Arriva becomes second rail operator to sue over East Midlands rail franchise

The claim, filed at the high court last week , will pit the United Kingdom and German governments against each other and could lead to the transport secretary being called to court to give evidence. Arriva, which is owned by the German state-backed ...

USA targets $300B of Chinese goods for new tariff hikes USA targets $300B of Chinese goods for new tariff hikes

Fixed asset investment, which measures spending on physical assets such a real estate, infrastructure or machinery, grew 6.1 per cent for the year to date, down on the previous reading of 6.3 per cent for the January to March period and also below Bl...

Coinbase Rolls Out XRP Trading for New York-based Clients Coinbase Rolls Out XRP Trading for New York-based Clients

However, the surge also coincides with bullish moves from bitcoin in the last 24 hours. This came after the exchange added trading support for the digital coin on its retail platform in February following the addition of the same on its profe...

Saudis Said Willing to Meet All Orders From Ex-Iran Oil Buyers Saudis Said Willing to Meet All Orders From Ex-Iran Oil Buyers

According to Turkish Foreign Minister Mevlut Cavusoglu, however you look at it, the unilateral decision made by the U.S.is adversely affecting everyone. "With the ending of the USA sanction waivers becoming effective this month, Iranian shipments are...

Florida woman missing for 6 years found in warehouse freezer Florida woman missing for 6 years found in warehouse freezer

The body of a Florida woman missing for almost six years was discovered stuffed inside a warehouse freezer, a report said on Monday. The freezer with Lacey's body inside was taken to the facility after its owner, Jonathan Escarzaga, was discovered ...

Impossible Foods receives $300m in Series E funding round Impossible Foods receives $300m in Series E funding round

And given the success of Beyond Meat's public offering earlier this year, Impossible Foods has a benchmark it can reference to illustrate the appetite institutional investors have for meat replacement companies. Beyond Meat's products are already...

Investors more polarized on U.S. Treasuries amid trade worries Investors more polarized on U.S. Treasuries amid trade worries

S&P 500 futures dropped 1.3 per cent. The dollar rose and Treasuries fell. US stocks rebounded Tuesday as investors combed the remnants of the second worst rout of the year for bargains after both China and America appeared committed to continuing ...

Hinduja brothers named UK's wealthiest people for the third time Hinduja brothers named UK's wealthiest people for the third time

The Sunday Times Rich List has Green's total wealth free-falling £1.05bn in a year to £950m. They previously held the number one spot in 2017 and 2014. The Grosvenor family's property portfolio includes some of the most affluent and sought-after loc...

Jet Airways Crisis: CFO Amit Agarwal resigns from the board Jet Airways Crisis: CFO Amit Agarwal resigns from the board

Debt-laden and grounded Jet Airways' Chief Financial Officer and Deputy Chief Executive Officer Amit Agarwal has resigned from his positions, the company said on Tuesday. " Etihad re-emphasises that it can not be expected to be the sole investor...

Donald Trump on Trade 'Squabble' with China: 'We Always Win' Donald Trump on Trade 'Squabble' with China: 'We Always Win'

President Donald Trump is downplaying the escalating trade dispute between the US and China as nothing more than "a little squabble" between friends. "It will all happen, and much faster than people think!" Before boarding Air Force One for an inf...

Trump defends China trade negotiations as global markets fall Trump defends China trade negotiations as global markets fall

Talks are not a one-way street and should be based on equality, he said. "Investors are looking for opportunities to get into this market, and so far in 2019 there really haven't been any "buy the dip" opportunities other than last week", Ryan Naum...

A Strange New Apple iPhone Design May Be in the Works A Strange New Apple iPhone Design May Be in the Works

And a new photo published today by Bloomberg's Mark Gurman confirms one of the worst things about the upcoming iPhone: the whole lineup will use square camera bumps , with two or three cameras on the back, depending on model. By now, it's clea...

Facebook Raising Pay for Workers Who Screen Violent Posts Facebook Raising Pay for Workers Who Screen Violent Posts

Facebook Inc said on Monday it was raising its minimum wage for all US contract workers, reacting to rising costs of living as it faces intense scrutiny over the treatment of ordinary employees and their pay. By some estimates, contractors make up a...

For an eye-opening price For an eye-opening price

Not a budget drink, for sure! "It's a unique coffee that comes from Panama". "If you want the best coffee in the world, it's our mission to give you the opportunity to have that experience", Heather Perry, a member of the Klatch team, told ABC Ne...

Amazon reportedly uses boxing machines to replace people

Each robot packer can handle up to 700 orders per hour, and unlike their human counterparts, do not require regular breaks, never go home, and can't get sick. Bottom line: Amazon isn't planning to lay off employees whose jobs will be replaced by mac...

Markets Right Now: Stocks sink as trade war escalates Markets Right Now: Stocks sink as trade war escalates

The Chinese government announced overnight it would impose higher tariffs on a range of United States goods including frozen vegetables and liquefied natural gas in a response to a U.S. The Russell 2000 index of small company stocks lost 3.2%, to 1,5...

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