Drew Grewal faced fines of nearly half a million dollars because his Miami Beach home was being listed illegally on Airbnb. In Miami Beach — like New York, San Diego and many other U.S. cities – short-term rentals of the kind facilitated by Airbnb, VRBO, Tripadvisor and others are strictly limited. Laws, fees and taxes […]
Read moreU.S. consumer sentiment climbed in August from July as consumers remained optimistic about their personal financial conditions, although confidence was not quite as strong as economists had estimated, a survey showed Friday. The University of Michigan’s consumer sentiment index rose to 96.8 in August from a final reading of 93.4 the month before. The result […]
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In an era of strict security checks and other inconveniences for air travel, one American airport is making a sharp move in the opposite direction. On September 5th, Pittsburgh International will become the first American airport since the terrorist attacks on September 11th 2001 to allow people who are not booked on a flight to pass […]
Read moreThe American job machine remains in high gear. The economy has been creating close to 200,000 jobs per month for going on eight years. The 156,000 gain in August was on the soft side, but given a well-known bias in the Bureau of Labor Statistics’ estimate for the month, this number will be revised up […]
Read moreIn the past year, the West has suffered heavy losses in a new form of global air conflict. Berkeley-based 3DR has downsized and ceased manufacturing drones. GoPro‘s Karma drones lost power mid-air and had to be recalled, though they are now back on the market. Paris-based Parrot slashed 35 percent of its drone team. San […]
Read moreApple’s three new iPhones, expected at its September 12 event, might be called the iPhone 8, iPhone 8 Plus and iPhone Edition, according to one closely watched Apple blog. It makes sense for a number of reasons. Until now, reports had used Apple’s traditional naming mechanisms to assume Apple would name its new iPhones the […]
Read moreCurrency, United States Finance
Central banks must be ready with cash to calm Brexit nerves, warns bank lobby
Central banks should be ready to inject cash into the financial markets to keep them stable after Britain leaves the European Union in 2019, a draft report from a bank industry lobby said. The Association for Financial Markets in Europe (AFME), in a draft report seen by Reuters, said that regulators, central banks and national […]
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Top tech analyst Mark Mahaney and his group at RBC Capital Markets released a note to investors Friday about their top takeaways from August’s rally in the Valley. The PowerShares QQQ, which tracks the top 100 stocks in the tech-heavy Nasdaq, was up almost 2 percent in a month that saw a slight drop for […]
Read moreCurrency, United States Finance
Kenya stocks plummet as Supreme Court rules presidential election was invalid
The Supreme Court of Kenya has overturned the result of the recent presidential election, meaning the contest will have to be re-run, leading to fears of unrest. Kenya’s President Uhuru Kenyatta won a second term in office on August 11 with a reported 54.3 percent of the vote, but the Supreme Court Friday ruled that […]
Read moreMicrosoft‘s next Windows 10 update will be released on Oct. 17. This update is big, since it includes support for new “mixed reality headsets” that let you step inside of Windows, so long as your computer is powerful enough to support it. The update is officially called the Windows 10 Fall Creators Update. It also […]
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