U.S. consumer prices rose less than expected in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year. The Labor Department said on Friday the Consumer Price Index edged up 0.1 percent last month after being unchanged in June. That lifted the year-on-year increase in the […]
Read morePresident Donald Trump on Friday issued his bluntest warning yet to North Korea, saying the U.S. military is “locked and loaded” to respond to a Pyongyang provocation. In a tweet, Trump said, “Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully Kim Jong Un will find another path!” […]
Read moreEurope’s food safety commissioner urged countries to stop “blaming and shaming” one another over a continental eggs contamination scare on Friday. Tensions between agricultural ministers in the Netherlands, Belgium and Germany have risen after traces of a moderately toxic pesticide – called fipronil – were found in batches of eggs. While Belgian regulators were criticized […]
Read moreAmazon.com is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business. The world’s biggest online retailer has discussed selling ready-to-eat dishes such as beef stew and a vegetable frittata as […]
Read moreVideo game developer Nintendo is being sued by a U.S. mobile gaming accessory company that claims the controllers for the Nintendo Switch console infringes on a patent for its own product. Gamevice, which makes video game controllers to attach to tablets and smartphones, is demanding that Nintendo stops making and selling the Switch and wants […]
Read moreBritish firefighters said on Friday they were investigating the cause of smoke on an underground train at Oxford Circus station in the centre of London’s main shopping district, although police said the incident was not being treated as suspicious. “We are continuing to investigate smoke issuing at platform level at #OxfordCircus tube station,” London Fire […]
Read moreTech stocks could be set to continue outpacing other industries, an analyst has told CNBC. “Tech companies are beating earnings way better than any other group in the S&P, so we do think that’s going to continue,” Mike Bailey, director of research at FBB Capital Partners, told CNBC on Friday. The analyst’s enthusiasm corresponds with […]
Read moreThe search engine giant Google has unveiled a new doodle on its home page commemorating the birth of hip hop 44 years ago. By clicking on today’s Google doodle you are transported to an interactive player that allows you to choose records, fade between them, choose the pace of the beat and even scratch. For […]
Read moreRevenues from Snap Inc’s video recording sunglasses Spectacles fell in the second quarter, adding to the disappointment felt by investors after it reported revenues and user growth that missed expectations. On the earnings call for the June quarter, Snap’s Chief Financial Officer Drew Vollero said: “other revenues were $5.4 million, substantially all of which was […]
Read moreCurrency, United States Finance
Future pilots could operate multiple planes from the ground, UBS analyst says
Jobs being threatened, or at least dramatically altered, by automation is a hot topic – and airline pilots are no exception to the trend. One vision of the future role of pilots, put forward on CNBC’s Squawk Box Thursday by UBS analyst Jarrod Castle, was that: “We’ll go from two pilots down to one with […]
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