A cyber attack wreaked havoc around the globe on Wednesday, crippling thousands of computers, disrupting operations at ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia. The virus is believed to have first taken hold on Tuesday in Ukraine where it silently infected computers after users downloaded a popular […]
Read moreSamsung Electronics has agreed to open a $380 million home appliance manufacturing plant in South Carolina, the United States, it said on Wednesday. The South Korean firm said this year it was in talks to build a home appliances plant in the United States amid worries about protectionist policies under U.S. President Donald Trump put […]
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The Nasdaq 100 broke a historical win streak, and according to one technical analyst, investors may have to brace themselves for a possible correction. Tuesday on CNBC’s “Futures Now,” Pension Partners’ director of research, Charlie Bilello, pointed out that the Nasdaq 100 had been trading above its 50-day moving average for 138 consecutive trading days, […]
Read moreCurrency, United States Finance
UK support for tax more, spend more fiscal system at highest level since financial crisis: Survey
After seven years of Conservative government-led austerity, a new survey suggests that public sentiment in the U.K. could be changing gears, with support for a tax more, spend more economic model at its highest in a decade. According to the British Social Attitudes survey, conducted by the National Centre for Social Research, 48 percent of […]
Read moreOnline meal-kit company Blue Apron may have slashed its valuation expectations Wednesday, but the meal-kit boom is still coming, according to a new report. Amid growing concerns over the impact of tech giant Amazon’s pending acquisition of Whole Foods Market, the company lowered its expected IPO range to $10 to $11 a share, down from […]
Read moreApple Glasses will launch by 2020 and will eat into sales of iPhones, Loup Ventures’ Gene Munster said this week. Munster, who’s widely followed by Apple watchers, said Apple Glasses will be an augmented reality (AR) wearable that would let users view digital content on top of the real world — including information that users […]
Read moreA worker with blood dripping from his head marked a low point in the tense, grinding life at a southeastern China factory used by Ivanka Trump and other fashion brands. An angry manager had hit him with the sharp end of a high-heeled shoe. Workers from the factory, including one current and two former employees […]
Read moreThe results from the second round of bank stress tests are hours away, but outspoken bank analyst Dick Bove argues the results won’t really matter much. “If you take a look at the structure of the American bank balance sheet, as a whole or even at the individual banks, it’s in phenomenally good shape, Bove, […]
Read morePresident Donald Trump has chosen his latest victim in a Twitter tirade — Amazon. Notably, this isn’t a new target for Trump either. Trump tweeted Wednesday morning that Amazon wasn’t “paying internet taxes (which they should).” TWEET The president also references The Washington Post, which is owned by Amazon’s CEO, Jeff Bezos, in his tweet. […]
Read moreIn the late 1970s, Jef Raskin, a pioneering technologist who was one of Apple‘s earliest employees, sketched out a radical vision for the future of computing. Computers, he argued, should work like home appliances. The ideal computer would require almost no learning curve or upkeep. You wouldn’t have to upgrade its operating system, say, or […]
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