Finance

Amazon Web Services Opens Blockchain Building Service Up for Wider Use

Amazon Web Services Opens Blockchain Building Service Up for Wider Use All interested parties that want to use the AWS blockchain service can do so with a "few clicks" on the AWS Management Console. He said that while blockchain frameworks like Hyperledger Fabric and Ethereum are some of the best in the market, their open-source and decentralized nature makes their installation, configuration, and management a hard task. [Full Article...]

Rate hikes still on the table despite Brexit uncertainties, says Bank

Rate hikes still on the table despite Brexit uncertainties, says Bank In an upbeat set of forecasts, Governor Mark Carney and his colleagues upgraded their expectations for growth, saying unemployment will fall further and the economy will generate more excess demand than previously predicted. Its nine rate-setters all voted to keep its benchmark rate at 0.75 percent on Thursday, as expected in a Reuters poll. It now expects growth of 1.5% in 2019, up from its Febru... [Full Article...]

Beyond Meat doubles in market debut after $241-million IPO

Beyond Meat doubles in market debut after $241-million IPO The valuation of the first "alternative meat" start-up to go public soared from $1.5 billion to $3.8 billion minutes after trading began on the Nasdaq exchange. Its backers had included Tyson Foods Inc, the largest USA meat producer. Impossible Foods' products are being sold at Burger King and White Castle. [Full Article...]

Buffett says Berkshire Hathaway, finally, has invested in Amazon.com

Buffett says Berkshire Hathaway, finally, has invested in Amazon.com Amazon's closing price on Thursday, ahead of this disclosure, was $1,900.82, and the shares were up nearly 2% at $1,938 shortly after the opening bell on Friday. Buffett and Berkshire Vice Chairman Charlie Munger will on Saturday answer shareholder questions at Berkshire's annual meeting in Omaha, Nebraska, which normally draws more than 40,000 people. [Full Article...]

April's job report in 3 charts - and key highlights

April's job report in 3 charts - and key highlights Just as Trump appeared to be on the verge of victory, the New York Times columnist wrote: "If the question is when markets will recover, a first-pass answer is never". Steadily rising wages had until recently been keeping workers in the labor force and drawing back some who had dropped out. Average hourly pay rose 3.2% from 12 months earlier, a healthy increase though unchanged from the previous... [Full Article...]

Activision Blizzard quarterly revenues take a dip

Activision Blizzard quarterly revenues take a dip We're building this league for fans across esports , traditional sports and gaming alike and we're excited to partner with individuals and organizations who are just as passionate about our vision for the future of Call of Duty esports. [Full Article...]

Chase bank draws backlash with 'Monday Motivation' tweet

Chase bank draws backlash with 'Monday Motivation' tweet After taking down its tweet, the bank issued a follow-up statement. If that employee also banked with a Chase account, she would lose yet more money in maintenance fees. "Instead, average consumers are prompted to blame themselves for indulging in trivial luxuries". The fake conversation ends with the customer saying "I guess we'll never know", followed by the bank account's response: "Serio... [Full Article...]

Apple paying Qualcomm $4.5 billion to end legal war

Apple paying Qualcomm $4.5 billion to end legal war Before the close, Qualcomm shares had risen more than 50 per cent since the company announced its settlement with Apple on April 16. Until now, all we knew was that the settlement included an unspecified payment from Apple to Qualcomm, alongside a multiyear chipset supply agreement that will see the chipmaker's modems once again appear in the iPhone; when the legal drama began back in 2017, ... [Full Article...]

Tesla hopes to raise $2.3 billion, and Elon Musk buys stock

Tesla hopes to raise $2.3 billion, and Elon Musk buys stock For the previous year, Elon Musk has insisted that Tesla can reach sustained profitability without raising additional cash from investors. More than half of that is from his stake in rocket company Space Exploration Technologies Corp., or SpaceX, and Musk has said he has no plans to sell any shares. [Full Article...]

Twitter Roasts Chase Bank For #MondayMotivation Tweet

Twitter Roasts Chase Bank For #MondayMotivation Tweet Chase bank's attempt at humor ended badly Monday when it was forced to delete a tweet with the MondayMotivation Twitter hashtag. Then she does the math: "A 26.8-ounce canister of Maxwell House Master Blend Ground Coffee sells on Amazon for $6.02 and makes 210 cups of coffee". [Full Article...]

Alphabet's Revenue Disappoints as Ad Business Faces Competition

Alphabet's Revenue Disappoints as Ad Business Faces Competition During the regular session, Alphabet shares fell 7.5% in their worst decline since October 2012 after the company reported its slowest revenue growth in three years. Sundar Pichai , the CEO of Google, pointed out that the company would continue to invest in YouTube to solve the problems with misinformation and disturbing content considering children and other strata of the population. [Full Article...]

Occidental Petro shareholder T. Rowe Price opposes Anadarko bid

Occidental Petro shareholder T. Rowe Price opposes Anadarko bid Anadarko and Chevron signed a merger agreement earlier this month, but Anadarko Petroleum said Monday that it is now considering an offer from Occidental worth about $57 billion in cash and stock, including debt and book value of non-controlling interest. [Full Article...]

Oil pares gains as fears ease on Venezuelan exports

Oil pares gains as fears ease on Venezuelan exports Data by Reuters market analyst John Kemp shows that as of April 23, long positions in WTI Crude and Brent Crude held by hedge fund and other money managers outnumbered shorts in a ratio of 11:1. The announcement comes days after USA officials announced they will not renew sanction waivers for five nations to purchase Iranian oil. A majority of analysts who participated in a poll expect O... [Full Article...]

Trump calls for rate cut as Fed meeting starts

Trump calls for rate cut as Fed meeting starts In his latest attack on the Fed, Mr Trump criticised the central bank for "incessantly" raising rates. The Fed is now holding a two-day meeting to discuss where to set its rate, and on Wednesday, it is expected to announce it has made a decision to maintain the interest rate where it is now. [Full Article...]

Ford opening the door to Amazon Key in-car delivery service

Ford opening the door to Amazon Key in-car delivery service Owners with certain 2017 and newer Ford and Lincoln vehicles can sign up for the service, available through Amazon Prime in 50 cities throughout the U.S. Key by Amazon lets couriers drop packages inside cars or houses, and now, it's expanding to a very popular automaker. If a customer changes their mind the day of delivery, access to the vehicle can be blocked and the delivery rescheduled or red... [Full Article...]

USA to see continuation of Iran's oil exports, Rouhani vows

USA to see continuation of Iran's oil exports, Rouhani vows This could make India's oil purchases more expensive and push up domestic petrol and diesel prices. India's Petroleum and Natural Gas Minister Dharmendra Pradhan said last week that India will get additional supplies from other major oil-producing countries to compensate for the loss of Iranian crude. [Full Article...]

Violence in Venezuela: Maduro's Military Fights Guaido Uprising, Drives Over Civilian Protestors

Violence in Venezuela: Maduro's Military Fights Guaido Uprising, Drives Over Civilian Protestors Hundreds of people, many waving Venezuelan flags, flocked onto a highway near a Caracas military base, and police responded with tear-gas as some of the demonstrators broke away to throw rocks at security forces. Speaking late Tuesday to business executives in Washington, Pompeo voiced hope that Maduro would still choose exile in the coming days. The United States and major Latin American powe... [Full Article...]

The issues, which date back to 2009, were resolved in 2012. Bloomberg also says the backdoors existed in Vodafone's networks in the U.K., Germany, Spain, and Portugal and that despite Vodafone knowing about the backdoors, the company continued to use the compromised equipment because the cost to remove it would have been prohibitive and Huawei's equipment was cheaper than the competition. [Full Article...]

USA to Ensure Adequate Oil Supplies in Global Market: Mike Pompeo

USA to Ensure Adequate Oil Supplies in Global Market: Mike Pompeo Both benchmarks fell roughly 3% last Friday, after Trump told reporters he had called Opec and told the cartel to lower oil prices, without identifying who he spoke to, or if he was speaking about previous discussions with Opec officials. [Full Article...]

Venezuela crisis: Maduro aides agreed he had to go, USA says

Venezuela crisis: Maduro aides agreed he had to go, USA says It also imposed punishing sanctions on the country's oil sector, deepening the country's economic crisis . That support had seemed to crack Tuesday with the launch of what the opposition was calling "Operation Freedom", which began with the early-morning release of a short video of Guaido alongside a few dozen national guardsmen urging people to "take to the streets". [Full Article...]


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