Finance
Singapore pays for Kim Jong Un's hotel during Trump summit
US and North Korean officials huddled at the Ritz-Carlton Hotel Monday ahead of the sit-down aimed at resolving a standoff over Pyongyang's nuclear arsenal. Depending on how the talks go, Trump has signalled the summit could collapse quickly or stretch into future meetings and perhaps even include a follow-up encounter at his Florida golf club, Mar-a-Lago. [Full Article...]
Tea for Two: What May Come of Trump-Kim Summit in Singapore?
SECURITY CONCERNS Many questions remain unanswered, however, including whether the North Koreans have robust enough communication systems to make sure no one panics and launches an attack, said Vipin Narang, an associate professor at the Massachusetts Institute of Technology's Security Studies Program. [Full Article...]
U.S. reaches deal with China's ZTE, commerce secretary says
The agreement includes a $1 billion penalty for ZTE and another $400 million in trust to cover future possible violations. "This new settlement agreement sets another record, and brings the total penalties assessed on ZTE to $2.29 billion". [Full Article...]
Trump and Kim lookalikes hold ´summit´ in Singapore
My feel". Asked whether he would bring up North Korea's repressive practices and human rights abuses, Trump said "every issue" will be on the table. "So we're going in with a very positive spirit", Trump said, before misidentifying the site of the meeting. When he previously appeared at the Pyeongchang Winter Olympics in South Korea with the same Donald Trump lookalike, he was escorted out... [Full Article...]
US urges OPEC to raise oil production by 1million
Saudi Arabia, the world's largest oil exporter, raised pricing on key crude grades for buyers in Asia to the highest since 2014 as demand builds in the country's biggest market amid threats to rival suppliers. The market is now heading for a shortfall of about 1 MMbpd between supply relative to demand. Opec and Russian Federation meet on 22 June to discuss production policy. [Full Article...]
Kim Jong Un lookalike questioned in Singapore before summit
Will Trump end up tacitly accepting a nuclear North Korea? . The two-way exchange promotes dialogue and mutual understanding with an emerging generation of leaders in the countries. "And then along with our partners - China, Japan, South Korea - we can all move forward together and have a fundamental shift in the relationship between North Korea and its region, and frankly, North Korea and the... [Full Article...]
Tesla accelerated, didn't brake ahead of fatal crash
The report said the driver in the March incident got warnings to put his hands back on the wheel more than 15 minutes before the crash. However, at four seconds before the crash, the Tesla stopped following the vehicle, began accelerating and was headed towards the barrier that it smashed into at 71mph. [Full Article...]
Elliott's Singer agrees with Buffett, Dimon on profit guidance
J.P. Morgan chief executive Jamie Dimon appeared on CNBC on Thursday to discuss why he doesn't think tariffs are the way to go. Business Roundtable said it supports companies moving away from offering quarterly guidance and focusing on long-term goals. [Full Article...]
Google's Sundar Pichai to stop AI weapon project
The chief executive officer said it had the prerogative to reject applications that violated its principles. In the post, Google also acknowledges the "significant impact" AI will have on society and said that it feels a "deep responsibility" to get AI right. [Full Article...]
Porsche's first electric auto will be called the Taycan
The name, which is derived from Turkish, according to Porsche , and translates as "lively young horse", is a reference to the prancing steed at the center of Porsche's shield-shaped logo. The car's top speed will be 155 miles an hour. But the Taycan's floor-mounted batteries should give it an extremely low centre of gravity to allow for hunkered-down handling that's comparable with more focused... [Full Article...]
US Reaches Deal With China's ZTE - Secretary of Commerce
The President said the company would have to pay a $1.3 billion fine and change management for the ban to be lifted, and a few days ago, ZTE reportedly reached an agreement with the Department of Commerce . Ross touted the deal as a victory, saying the administration's previous strict actions accomplished its goal in that it "brought ... a $17 billion company to its knees more or less put the... [Full Article...]
France Warns Trump That It Will Not Sign a G-7 Statement
The G7 - or group of seven - comprises the largest advanced economies in the world: the UK, US, Canada , France, Germany, Japan and Italy. Mr Macron, widely seen as having developed one of the warmest relationships with Mr Trump among world leaders, did little to hide his frustration before the gathering. [Full Article...]
Emails of Over 92 Million Users Stolen from Genealogy Company MyHeritage
Today, June 4, 2018 at approximately 1pm EST, MyHeritage's Chief Information Security Officer received a message from a security researcher that he had found a file named myheritage containing email addresses and hashed passwords, on a private server outside of MyHeritage. [Full Article...]
'Didn't You Guys Burn Down White House?': Trump Justifies Tariff War
USA stocks were trading higher on Wednesday. The conflict was provoked by a decade of British provocations against the United States, including impressing American sailors, imposing restrictions on American trade and providing support for Indian attacks on frontier settlements. [Full Article...]
Tesla rallies with Model Y in the mix
This was in spite of some stakeholders raising concern that a board with these directors lacked independence. The vote comes at the behest of an individual shareholder, Jing Zhao of Concord, California, who owned just 12 shares of Tesla stock - allowing him to attend the meeting and propose a vote on the issue of the chairman seat. [Full Article...]
Microsoft promises GitHub users can still use Amazon's, Google's cloud
Though it boasts 28 million users globally and is the most popular open source code repository among developers, GitHub is not without its woes. Guillermo Rauch, a GitHub user and cloud-software start-up executive, tweeted that the deal is "one of the best things to happen to open source". [Full Article...]
USA oil loses more ground
The Bloomberg Dollar Spot Index rose 0.2 per cent. Global benchmark Brent fell 77 cents to US$76.79 a barrel. And it's not just a front-month aberration, with WTI's discount to Brent for crude for delivery in six months at $10.71 a barrel on June 1, the most since September 2014. [Full Article...]
Vermont is offering remote workers $10000 to move to its state
Work from home and seeking a change in scenery? "I'm getting calls from Wisconsin, Texas, Florida, D.C., you name it", Joan Goldstein, the state's economic development commissioner, told "Good Morning America". That's why increasing our work power is without doubt one of the prime priorities of my administration. In March, Gov. Scott and the Vermont Department of Tourism and Marketing announc... [Full Article...]
What Time Is FIFA 18 World Cup Mode Released? All The Details
Morocco has already made unsuccessful bids to host the finals in 1994, 1998, 2006 and 2010, although it was close on three occasions. However, be warned, these teams will only be playable in select game modes, such as Custom Tournaments and Friendly Seasons. [Full Article...]
Google reportedly pitched the Pentagon a "Google-earth-like" AI surveillance tool
Through Project Maven , Google provides artificial intelligence technology to the Pentagon to help humans detect and identify targets captured by drone images. According to Gizmodo: "Google meant to build a "Google Earth-like" surveillance system that would allow Pentagon analysts to "click on a building and see everything associated with it" and build graphs of objects like vehicles, people,... [Full Article...]