Finance

Finance Theranos founder Elizabeth Holmes steps down as CEO
Author: 0 Theranos founder Elizabeth Holmes steps down as CEO

Holmes, who left Stanford University's School of Engineering in 2003 to build Theranos , has been replaced by the much-diminished firm's general counsel, David Taylor, who remains the company's top lawyer. Starting in 2013, the Justice Department's indictment alleges, Holmes and Balwani started making grand claims about the company and its technology to investors that were false or misleading.

Finance American Airlines Cancels 275 PSA Flights, Charlotte Douglas International Airport Most Impacted
Author: 0 American Airlines Cancels 275 PSA Flights, Charlotte Douglas International Airport Most Impacted

Early Friday morning, Greenville-Spartanburg International Airport shows several canceled flights. "PSA plans to resume their operations at 12 p.m. ET on June 15". "We never want to disrupt our customers' travel plans, and we are sorry for the trouble this caused", the carrier said in a statement. Auto rental businesses are also struggling to accommodate the stranded passengers.

Finance Ethereum spikes after the SEC declares it's not a security
Author: 0 Ethereum spikes after the SEC declares it's not a security

Unlike shares of a company, the value of digital assets like bitcoin and ether (the underlying currency of ethereum) are not tied to a single company. The speech of Hinman was specifically noteworthy and important because it was the first case in which an official from the SEC provide clarity on the nature of Bitcoin and Ethereum in a public statement.

Author: 0 McDonald's set to ditch plastic straws

An increasing number of businesses are removing plastic straws from their operations in a bid to stem plastic waste which pollutes oceans and harms marine wildlife such as turtles and fish. But not everyone thinks total bans are the answer. "The government's ambitious plans, combined with strong customer opinion, has helped to accelerate the move away from plastic and I'm proud that we've been able to play our part", said Paul Pomroy, chief executive of McDonald's United Kingdom and Ireland.

Finance Microsoft reportedly developing cashierless store to rival Amazon
Author: 0 Microsoft reportedly developing cashierless store to rival Amazon

Reuters claims that the company is working on technology that would eliminate both checkout and the cashiers that run them from high-street shops. Reuters reports that the Windows maker is developing a system similar to Amazon's that tracks what shoppers add to their carts as they walk around a store.

Finance China the victor from the Trump-Kim deal
Author: 0 China the victor from the Trump-Kim deal

The approval followed a White House meeting with officials and senior representatives of the Treasury and Commerce departments, U.S. Trade Representative's Office and national security officials. If Washington adopts tariffs, Beijing is expected to hit back with its own duties on US imports, including soybeans, cars, chemicals and planes, according to a list it released in early April.

Finance Russian Federation vs. Saudi Arabia
Author: 0 Russian Federation vs. Saudi Arabia

While Portland is known for its tremendous support of soccer, the city doesn't have a stadium that would support the attendance numbers expected for a World Cup game. Russian Federation can now prepare to face Egypt next week full of confidence while Saudi Arabia need to find instant improvement if they are to avoid further embarrassment against Uruguay .

Finance Honolulu Workers Need $39 An Hour To Afford A 2-Bedroom Rental
Author: 0 Honolulu Workers Need $39 An Hour To Afford A 2-Bedroom Rental

Last year, New Orleanians needed to earn $18.54 an hour, the most in the state, to rent a two-bedroom apartment. Even the $15 hourly wage touted by labor activists would not be enough to make housing affordable in the overwhelming majority of states, the coalition found.

Finance Elon Musk's Boring Co to build high-speed commuter system in Chicago
Author: 0 Elon Musk's Boring Co to build high-speed commuter system in Chicago

If you're planning to fly into Chicago's O'Hare International Airport at some point in the future, you might be pleasantly surprised by the transit options. The company says on its website that each vehicle will carry eight to 16 people and travel at speeds of 125 to 150 miles per hour (200 to 240 kph).

Finance Tesla Autopilot: Elon Musk promises 'full self-driving features' by August
Author: 0 Tesla Autopilot: Elon Musk promises 'full self-driving features' by August

To date, Autopilot resources have rightly focused entirely on safety. At the moment, Autopilot is limited to Level 2 automation. Media coverage of the most recent crash triggered a weekslong Twitter crusade against the press by Musk, who argued that coverage of Autopilot-linked wrecks ignored the larger fact that such features were already safer than unassisted driving.

Finance IPhone X Plus leaked schematics reveal triple lens and more
Author: 0 IPhone X Plus leaked schematics reveal triple lens and more

Ming-Chi Kuo believed that Apple would announce and release all the three iPhones in September, 2018 since previous year, iPhone X , iPhone 8 and iPhone 8 Plus were announced in September, as well. Moving on, the 6.1-inch iPhone is being tipped as the more affordable model among the three planned iPhones. However, in order to keep the prices low on the iPhone LCD model, it is said that the frame will make use of aluminium rather than steel and by using LCD panels instead of OLED panels, ...

Finance Tether Manipulation Pushed Up Bitcoin's Price, Researchers Find
Author: 0 Tether Manipulation Pushed Up Bitcoin's Price, Researchers Find

The value of cryptocurrency's ringleader Bitcoin fell below $7,000 after two University of Texas academics released a paper on Wednesday claiming that 2017's high of $19,000 was the result of artificial market manipulation. The US Commodity Futures Trading Commission allegedly sent Tether - as well as cryptocurrency exchange Bitfinex, with whom it is closely affiliated - a subpoena in December, though it is not clear whether that investigation has or will result in any enforcement ...

Author: 0 Boat carrying over 900 migrants docks in Italy

Salvini, who last week said he would not allow Italy to become Europe's "refugee camp", told the Senate he was open to a possible "axis" with Germany and Austria ahead of a key European Union summit at the end of June that will consider possible changes to asylum law to better share the burden of incoming migrants.

Finance Uber: new software can tell if you’re drunk
Author: 0 Uber: new software can tell if you’re drunk

Uber has submitted a patent application to the United States Patent and Trademark Office in which it details an AI that can identify drunk and exhausted passengers. Uber has filed for a new patent that would allow it to monitor the behavior of the riders. Uber plans to use as data gathering tools motion sensors, device angle sensors, GPS, and touch sensors built into a screen.

Finance Federal Reserve raises United States interest rates again
Author: 0 Federal Reserve raises United States interest rates again

The Fed has indicated that it is likely to raise rates three or four more times this year . The biggest change the Fed made Wednesday was to signal that it intends to do two more rate hikes this year , instead of just one. The Fed is raising rates gradually to keep the economy in check. Powell faces a tricky balancing act as the Fed attempts to bring interest rates toward historical averages.

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