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New Report Blames Tether for Bitcoin's Bull Run


The prices of so-called "alt-coins" tend to be strongly correlated to the price of Bitcoin, meaning that if the manipulation described in the paper is found to be accurate, it has bitter ramifications for the market as a whole. It has since collapsed to below $US7,000. Tether has always been accused of being insolvent, as they have been unable to provide legitimate audits, breaking off their relationship with their auditor earlier this year . Read More »

Mayor Emanuel Chooses Elon Musk To Build Hyperloop Tunnels To O’Hare


The Chicago Infrastructure Trust , acting on behalf of the City of Chicago, chose the Boring Company's proposal for the Chicago Express Loop service from downtown Chicago to Terminals 1 - 3 at the city's O'Hare Airport - where almost 80 million passengers boarded or disembarked at the IL airport in 2017. Read More »

Schematics for the next iPhone Plus model leak


The triple lens rear camera is said to come with 3D sensing and improved zoom functionality. What we see here is a dual camera setup that matches the current iPhone X. Apple is supposed to begin three new iPhones in 2018: a 6.5-inch "iPhone X Plus", a second-generation iPhone X, and a 6.1-inch LCD iPhone. As for the rest of the iPhone X Plus, the schematics reveal a notch on the front similar to the iPhone X and we can expect Face ID tech being housed inside it. Read More »

Trump aide apologizes for 'inappropriate' comments on Trudeau


Trudeau had engaged in "bad-faith diplomacy", Navarro maintained. "Canadians, we're polite, we're reasonable, but we also will not be pushed around", Trudeau said Saturday as the gathering concluded after Trump had left early for the Singapore summit with Kim Jong Un . Read More »

Federal Reserve raises interest rates


The tighter policy reflects expectations for stronger growth, lower unemployment and faster inflation than officials had anticipated in March. The latest increase , the second this year , will bring the benchmark federal-funds rate to a range between 1.75% and 2%. Read More »

US Oil Production Jumps, Eyes 11 Million; Trump Hits OPEC On Prices

Oil pumpjacks are seen in Lagunillas, Venezuela May 24, 2018. IEA's outlook showed the U.S. as the biggest supplier, despite the discount for WTI versus Brent. A gallon of regular gasoline is now $2.91, up 25 percent from the year-ago level. Russia, alongside Saudi Arabia, has the highest spare capacity to boost production. Read More »

Trump tariffs will force "dollar for dollar" retaliation says Canadian diplomat


According to a Canada release, they make nearly 100 Billion Dollars in Trade with USA (guess they were bragging and got caught!). Also, contrary to Trump's attacks , the U.S. President Donald Trump's top trade adviser Peter Navarro did not mince his words. Behind his claim lies a difference in how the countries' calculate the trade figures. Read More »

Amazon expands Prime Whole Foods discount to Alabama


Amazon has owned Austin-based Whole Foods since August 2017. Plus, Whole Foods has launched even more discounts on some of the store's best-selling products. At the cash register, they can have the cashier scan their phone to save some money on any item that was marked with a Prime savings sign in the store. Read More »

Tesla slides after report says it plans to cut 3,000 jobs (TSLA)


Nearly all of the jobs are salaried positions, Musk said. The layoffs at Elon Musk's electric auto company come as it tries to increase production of its Model 3 sedan and turn a quarterly profit this year. Also contained in Musk's letter to employees, the CEO announced that Tesla would not renew its residential solar sales agreement with Home Depot in order to focus on selling solar power through Tesla stores and online. Read More »

Peter Navarro's apology to Justin Trudeau for 'hell' remark


He blamed Canadian Prime Minister Justin Trudeau's statement afterward that Canada would not be "pushed around ". He delivered them the day after Trump himself criticized Trudeau and shortly after Trump's top economic adviser, Larry Kudlow, insulted Trudeau himself. Read More »

Domino’s Is Filling Potholes With ‘Paving For Pizza’ Program


We'll skip the debate on the "great-tasting pizza" comment and note that the initiative is called Paving For Pizza , and Domino's says in a release that it fixed 200 potholes across four municipalities. That includes $2 trillion for roads alone. Domino's contribution to fixing potholes in Milford, Delaware. Just go to and enter your zip code. Read More »

Judge approves AT&T-Time Warner merger opposed by Trump


AT&T Inc . won approval from a USA court on Tuesday to buy Time Warner Inc for US$85 billion, allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue. Those comments and his repeated criticism of CNN, which is owned by Time Warner's unit Turner Broadcasting, raised speculation that Trump had pushed Delrahim and the Justice Department to block the deal. Read More »

Jaguar Land Rover to move Discovery production from UK to Slovakia


However, the move has also been welcomed locally as a step for the manufacturer to upgrade the Solihull plant to build new, electric models. The company, owned by India's Tata Motors, builds almost one in three of Britain's 1.7 millions cars but is producing its first electric vehicle, the I-Pace, in Austria. Read More »

Elon Musk's flamethrowers being resold for thousands on eBay


For legal reasons, the machines are named Not-a-Flamethrower. Well, the most logical guess would be that Musk's Boring Company raising $1 million from sold hats and a further $10 million from Not a Flamethrowers , minus production and shipping costs, could be contributing to Musk's multiple start-ups without taking on the same debt or diluting ownership like most ventures usually would. Read More »

Trump, Kim confident but body language reveals nerves at first meeting


Trump briefly touched Kim's right upper arm, then they turned to face the cameras. Kim reportedly spoke in English to greet Trump but the extent of his English skills is unknown. That hasn't stopped Trump from heightening anticipation for the summit, which he views as a landmark event that his predecessors could never have accomplished. Read More »

Donald Trump and Kim Jong-un share historic handshake


Trump has blamed past presidents for failing to resolve tensions with North Korea as it has pursued a nuclear program, testing missiles in displays of posturing and provocation. The young Kim is reviled as an global pariah over the 2017 murder in Malaysia of his half-brother, and the execution of hundreds of officials, including his uncle, for suspected disloyalty. Read More »

Poundworld on brink of collapse as last-ditch talks fail

Bargain Buys in Stevenage, which is part of the Poundworld chain. "Usdaw is providing the support and advice our members require at this very hard time and we expect the administrators to ensure all staff are treated with dignity and are fully consulted". Read More »

End of Net Neutrality takes effect today


As you surf the internet, you might not notice anything different. Your ability to watch and use your favorite apps and services could start to change - though not right away - following Monday's official repeal of Obama-era internet protections. Read More »

Final preparations under way for Trump-Kim summit


Top members of Trump's administration have said that the North Koreans wouldn't receive any benefits before taking steps to denuclearize - wary of falling into the same predicament that doomed previous agreements with the rogue regime. But the state is now trying to sell the idea of talking to what it once described as "the incarnation of all sorts of evil, the empire of devils". Today, we start with a behind the scenes of the summit. Read More »

Trump casts North Korea summit as just a first date

All his running bodyguards were decked up in black suits and blue ties. Following a sit-down with North Korean leader Kim Jong Un yesterday, Prime Minister Lee Hsien Loong held a private meeting with US President Donald Trump this afternoon ahead of tomorrow's big summit. Read More »

Bitcoin hits two-month low after South Korean exchange hacked


Although Coinrail didn't specify the value of the heist, a wallet address that has been linked to the alleged attacker appeared to have stolen more than $40 million worth of cryptocurrency , TechCrunch noted . The exchange said it has managed to freeze all exposed NPXS, NPER and ATX coins, and that other cryptocurrencies are now being kept in a cold wallet. Read More »

Trump Continues Tweet Tirade Against Canadian PM: 'Acts Hurt When Called Out'

Indeed, on Thursday, French President Emmanuel Macron suggested in a tweet that Trump might not sign the final summit statement on G-7 priorities. But even those vested in Canadian trade are not expected to come to his defence as long as the U.S. economy is roaring. Success. Only to see a tweet from Donald Trump a little later rescinding his signature over something Justin Trudeau had said at his news conference. Read More »

Winning $60 million Lotto Max jackpot ticket sold in Quebec


At least one of the tickets, worth $500,000, was sold near Burlington. Lottery players can check their numbers on the Winning Numbers page on or on the OLG Lottery app. But there's still the Maxmillions prizes. Players must match all seven numbers in any one set, to win the jackpot or the Maxmillions prizes. Since its launch, a total of 22 jackpots have been awarded to Quebecers, including four worth $60 million each. Read More »

$315 Million Powerball Lottery Winner Comes Forward


I like the numbers and I always play with those numbers", he said. "My heart, it was just beating, beating, beating", he said, as the Post reported. The ticket is the third most valuable Powerball ticket sold in New Jersey. Souami, a 53-year-old father of two added he plans to pay off his college loans, pay for his daughter to go to college next year and pay off his home. Read More »

North Korea says it will discuss "denuclearization" on Korean peninsula with US


He also praised the North Koreans, saying they have been "really working very well with us" during preparations for the summit. Kim smiled broadly Sunday evening as he met with Singapore Prime Minister Lee Hsien Loong. In May, Trump announced he would meet Kim in Singapore on June 12 in a tweet that said "We will both try to make it a very special moment for World Peace!" A plane presumably carrying North Korean leader Kim Jong Un has arrived in Singapore ahead of Kim's ... Read More »

Verizon names Vestberg as successor to CEO McAdam


Lowell C McAdam, 64, will serve as executive chairman of till his retirement from the global telecom operator at the end of the year and non-executive chairman post retirement, said Verizon , in a statement. Under McAdam, Verizon took over complete ownership of Verizon Wireless in 2014 through a United States dollars 130 billion purchase of Vodafone's 45 percent stake in the company. Read More »

BT chief Gavin Patterson to step down


However, Chairman Jan du Plessis said the board was fully supportive of Patterson's strategy but that a new leader was needed. "The broader reaction to our recent results announcement has. The changeover comes just a month after BT announced plans to axe around 13,000 jobs and exit its BT headquarters in central London as part of a revamped cost-cutting drive meant to help save around £1.5 billion. Read More »

Donald Trump asks USA representatives not to endorse G7 Summit communique

Trump also threatened: "I have instructed our U.S. Reps not to endorse the Communique as we look at Tariffs on automobiles flooding the U.S. Market!" At his closing press conference, he announced all G-7 nations had worked hard to finalize a joint statement , which largely committed them to keep talking on trade. Read More »

Chinese firm ZTE reaches preliminary agreement with USA to restore business


The U.S. blocked ZTE's access to U.S. suppliers in April, saying the company violated a 2017 sanctions settlement related to trading with Iran and North Korea and then lied about the violations. Shenzhen-based ZTE has a subsidiary in Richardson, Texas. It agreed to pay $890 million in fines, dismiss four employees, and discipline 35 others by either denying them their bonuses or reprimanding them. Read More »

Oil heads for weekly gain as investors seek clues on OPEC output


The U.S. government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output, three OPEC and industry sources told Reuters , although it has not requested a specific figure. Saudi Arabia and Russian Federation were already discussing raising OPEC and non-OPEC oil output by roughly 1 MMBPD, sources familiar with the matter said in early May. Read More »

FIFA bans Ghana football boss for 90 days


The beleaguered GFA boss, in a statement, said, "After a meeting of the executive committee this afternoon I made a decision to resign as President of the Ghana Football Association". Federation Internationale de Football Association has not yet commented on whether any action will be taken over the government's plan to dissolve the GFA. Read More »

Trump threatens U.S. allies on trade as he exits G7 summit

Trump placed the blame on his predecessor, President Barack Obama. "The nations of the G7 are bound together by shared values and beliefs", Trump said. The US president was very much the odd man out on climate change during the G7 in Italy a year ago, later announcing his intention to withdraw from the landmark Paris agreement. Read More »

Buffett And Dimon: No More Quarterly Profit Forecasts


Dimon , the chairman and CEO of J. P. Morgan Chase, and Buffett , chairman and CEO of Berkshire Hathaway , wrote about the group's endorsement in an opinion column in The Wall Street Journal . Despite the short-term hit to results from the tax bill, chief executive Jamie Dimon hailed the measure as a boon for the USA economy."US companies will be more competitive globally, which will ultimately benefit all Americans", Dimon said in a news release. Read More »

Google’s new ethics rules forbid using its AI for weapons


Google, under its current contract, is providing AI technology to analyze drone footage, a controversial business arrangement that resulted in severe backlash among both the public and Google's own employees. Be made available for uses that accord with these principles. Google said it will not pursue development of AI when it could be used to break global law. Read More »

The Mission E Has a Real Name


As we previously reported, Porsche's first electric vehicle will feature two motors contributing to a system output of more than 600 horsepower. The four-door, four-seat Taycan's floor-mounted batteries point to an extremely low centre of gravity and handling to match more focused performance machines. Read More »

Autopilot was engaged during deadly Tesla crash in March


The Tesla's driver was found belted in his seat and bystanders removed him from the vehicle before it was engulfed in flames. "All aspects of the crash remain under investigation as the NTSB determines the probable cause, with the intent of issuing safety recommendations to prevent similar crashes", the report said. Read More »

Trump calls Trudeau 'indignant' ahead of Canada visit


China reiterated that it is willing to expand imports from the USA if the world's two largest economies "meet half-way" in trade negotiations. Kudlow also said he relayed Trump's message to a senior member of the Prime Minister Justin Trudeau's office. Read More »

ZTE signs preliminary agreement to lift U.S. ban

Here we are, though. ZTE Corp has signed an agreement in principle that would lift a US Commerce Department ban on buying from US suppliers, allowing China's No. He also said ZTE was "reflective of the larger trade deal we are negotiating with China and my personal relationship with President Xi". In addition to the money it will have to pay, Reuters says ZTE must replace its current board members and executive team within 30 days as part of the agreement, and also allow for ... Read More »

GOP leader McConnell cancels most of Senate's August recess


Corker won't say how many people officially back his plan, but many Republicans say they are anxious about the tariffs Trump announced. McConnell also said he wants smaller appropriations bills rather than an omnibus spending bill, according to the Washington Examiner . Read More »

Tesla Teases Model Y Electric Crossover For Debut Next Year


In June 2018, Elon Musk said it is "extremely likely" Tesla will hit a weekly Model 3 production rate of 5,000 cars. In recent months, Tesla has been beset by critical production challenges involving its highly anticipated Model 3 sedan, accusations of poor worker safety and discrimination at company facilities, and headline-grabbing wrecks and investigations that have raised questions about the company's semiautonomous technology. Read More »

IOS 12 to watchOS 5: Everything Apple announced at WWDC 2018


For example , Do Not Disturb will stop your phone from displaying notifications during a given timeframe, such as at night. During that time, app notifications will be blocked from showing up on the home screen . "We'd like to give you more control over how many notifications you receive", said Federighi. Apple is also planning an update to ARKit , its platform for developers to build augmented-reality experiences on iPhone and iPads , which it initially announced a year ... Read More »

Hattiesburg Starbucks to take part in nationwide diversity training


The chain apologized but also took the dramatic step of closing its stores early for the sessions. Sherrilyn Ifill, president of the NAACP Legal Defense and Education Fund, Heather McGhee, president of the public policy organization Demos served as unpaid advisers and they enlisted the help of Nelson. Read More »

European shares jump into June as Italy reaches govt deal


Economists surveyed by The Wall Street Journal had expected 190,000 new jobs and a 3.9% unemployment rate. Australia's S&P/ASX 200 was 0.6 % lower. Stocks rebounded along with Treasury yields as investors judged the market reaction to Italy's political turmoil overwrought. Bond prices move inversely to yields. Read More »

Starbucks chairman Howard Schultz steps down - is a White House run next?


In his letter, Schultz also credited the company with "balancing profitability and social conscience, compassion and rigor, and love and responsibility". Myron Ullman, former CEO of J.C. Penney, will take over for Schultz. And now Shultz is finally leaving this other leading position. "He's helped Starbucks earn the respect of millions around the world by always being true to a higher calling, and always being bold in creating a better future". Read More »

IOS 12, macOS, watchOS 5 and more

Search Suggestions highlights important things before you even start typing, and Apple's smart search features are more robust as well. Using the new Siri Shortcuts app, iPhone owners can build customized actions for Siri to perform upon hearing a given command . Read More »