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Tesla CEO Reveals New Model 3 Options

Tesla CEO Elon Musk has announced new options for the Tesla Model 3 via Twitter. His tweets revealed preliminary specs and pricing for dual-motor all-wheel-drive and performance versions of the vehicle. The new options should be available by July. Tesla’s dual-motor vehicles will have a motor in the front & a motor in the rear. […]

Diamonds Found In Meteorite Further Knowledge Of Solar System

Fragments of the Almahata Sitta meteorite has been found to contain tiny diamonds that indicate that it was once part of a large planet. Researchers suspect that these diamonds may have formed the same way diamonds do on Earth, in the unbelievably high temperatures and pressures of the interior of a planet. To create the […]

New Home-Flipping Program From Zillow Launches

Zillow Group Inc. (NASDAQ: ZG) has announced that it will start buying houses directly from sellers. Zillow will start investing in the properties itself, beginning with bidding on homes in Las Vegas and Phoenix. The company will use cash from its balance sheet to finance acquisitions. The first purchases will be made later this month. […]

Facebook Apologizes For Data Crisis With Ads

Facebook (NASDAQ: FB) apologized for a “breach of trust” in full page ads in U.S. and British newspapers Sunday. The breach involves misused data from millions of Facebook users. The ads appeared in The New York Times, Washington Post, and Wall Street Journal, as well as several other well-known publications. The ads featured black text […]

Russian President Putin Reveals Development Of New Nuclear Weapons

Russian President Vladimir Putin has proudly declared that his country’s scientists have developed a new generation of nuclear weapons capable of bypassing any missile defense system. The new weapons detailed included a nuclear-powered, nuclear-armed cruise missile, an underwater drone, and a hypersonic missile. The news was delivered during Putin’s annual state of the nation speech […]

Free Checking Accounts Ending At Bank of America

Bank of America (NYSE: BAC) is eliminating its free checking account offering. The change has apparently been in process since 2015. Bank of America is, by some accounts, the second largest bank in the United States. BOA’s eBanking account, introduced in 2010, didn’t charge a monthly maintenance fee to customers that received paperless statements and […]

Verizon And Samsung To Partner In 5G Deployment

Samsung Electronics has been selected by Verizon Communications as an equipment supplier in the rollout of 5G services. This comes as the largest wireless carrier in the United States makes efforts to provide high speed internet on its network and follows an announcement by the wireless carrier that its 5G network will be rolled out […]

Spotify Sued For $1.6 Billion

Wixen Music Publishing has sued Spotify for allegedly using thousands of songs without license and compensation. The Wixen suit accuses Spotify of failure to “comply with the requirements of Section 115 of the Copyright Act” and of failing to obtain either a direct license or a compulsory license to use the songs in their catalogue. […]

Goldman Sachs Claims New U.S. Tax Law Will Cost It $5B

Goldman Sachs Group Inc. (NYSE: GS) said the new tax laws signed in the United States will cost it about $5 billion in fourth-quarter earnings. The charge will reduce an estimated $1.9 billion in earnings for the quarter to a likely loss of around $3 billion. The effect of the tax changes on Goldman Sachs […]

Apple Offers Explanation For iPhone Slowing

Frustrated iPhone owners have long accused Apple (NASDAQ: AAPL) of artificially slowing down older phones to drive new sales. After years of denials regarding the practice, Apple recently admitted that it was deliberately slowing down older iPhones. The practice only came to light after being discovered by a developer, instead of being clearly disclosed by […]

FCC Rescinds Obama-era Net Neutrality Rules

The Federal Communications Commission has voted to dismantle the rules that require internet providers to give consumers equal access to all content online. New regulations were passed by the Republican-controlled agency by a 3-2 vote. The replacement rules are slated to go into effect as soon as next month. The original rules were put into […]

Ford Announces Plan To Build Electric Cars in Mexico

Ford Motor Company (NYSE:F) has stated its plans to assemble new battery-powered cars in Mexico. Sherif Marakby, Ford’s vice president for autonomous vehicles and electrification, said that producing the electric cars in Mexico will allow Ford to improve the “fitness” of that business and take advantage of lower labor costs. In 2020, the company will […]

Time Inc. Sold To Meredith Corp.

The Meredith Corporation (NYSE:MDP) has purchased Time Inc. (NYSE:TIME) for nearly $3 billion in an all-cash transaction. Under the terms of the deal, Meredith will pay $18.50 a share for the publisher. The boards of both companies have already finalized the deal. The deal is expected to close in the first quarter of 2018. In […]

Children’s Smartwatches Now Banned In Germany

Germany has taken action to protect children by banning the sale of smartwatches aimed at them. Telecoms regulator the Federal Network Agency implemented the ban to prevent companies from obtaining data on German children. The German regulator said the devices violated Germany’s strict surveillance laws. A large number of providers in Germany currently sell smartwatches […]

FCC Relaxes Rules On Media Company Mergers

The Federal Communications Commission has voted to eliminate some regulations regarding the mergers of media companies. FCC Chairman Ajit Pai said that the rules were harmful to traditional media outlets in today’s media world. The regulations were eliminated in a 3-to-2 vote. The rules that federal regulators rolled back are decades old. They were first […]

Wal-Mart Adding Lord & Taylor Products To Lineup

Wal-Mart Stores Inc. (NYSE:WMT) has announced plans to add products from Lord & Taylor to its website. The companies are currently working through terms of a partnership that would make Lord & Taylor the “exclusive premium department-store partner” of Wal-Mart. Rumors of a proposed deal emerged last October. Lord & Taylor products will be available […]

Toxic New Delhi Air Prompts United Airlines Flight Cancellations

United Airlines (NYSE:UAL) has canceled flights to New Delhi until further notice citing the toxic smog surrounding the city. Travel to New Delhi is suspended through at least Tuesday (Nov. 14), according to an advisory posted on United’s website. The company’s statement said, “United has temporarily suspended our Newark-Delhi flights due to poor air quality […]

Starbucks Opening New Bakeries In Reserve Roastery Locations

The newest menu items at Starbucks’ (NASDAQ:SBUX) Seattle Reserve Roastery location is freshly baked bread and focaccia sandwiches. Starbucks opened a high-end Italian Princi Bakery inside the location on Tuesday. The new offerings from the bakery include more than 100 menu items made from ingredients imported from Italy. Rocco Princi, founder of the bakery, opened […]

Square Announces New $999 Point-of-sale Device

Square Inc. (NYSE:SQ) has announced a new addition to its hardware lineup: a new point-of-sale device called the Square Register. The Register is meant for larger sellers using Square or considering using it. Square’s Head of Software Jesse Dorogusker said that the ultimate goal is for the Register to replace “the giant beige and gray […]

Twitter To Increase Transparency For Ads On Its Platform

Twitter (NYSE:TWTR) has announced it is changing its advertising policies to provide more information about the ads running on its site. An advertising transparency center created by the company will reveal details about all ads running on the platform. Twitter said it would disclose who had paid for the advertisement and allow users to find […]

Anthem Moves To Create Own Pharmacy Benefit Manager

Anthem Inc. (NYSE:ANTM) has announced a partnership with CVS Health Corp. to launch a new pharmacy benefit management company called IngenioRx. According to a statement regarding the new initiative, the partnership involves a five-year agreement to “combine its member and provider engagement initiatives and market leading pricing.” IngenioRx will handle “sales, marketing, account management, and […]

Google Launches New Tech Training Programs

Google announced a new $1 billion investment in nonprofit organizations to boost tech training programs over the next five years. The investment is being made under the “Grow With Google” initiative. According to company executives, the goal is to allow anyone with an internet connection to become proficient with technology. Google CEO Sundar Pichai believes […]

Olive Garden Pasta Pass Is Back With New Twist

Darden Restaurant’s (NYSE:DRI) Olive Garden is once again selling its unlimited Pasta Passes. The Pasta Pass lets pasta lovers indulge in Never Ending Pasta Bowls for eight weeks for $100. Pasta Pass holders will have from Sept. 25 through Nov. 19 to eat unlimited pasta, soup, salad and breadsticks. The Pasta Pass will be sold […]

Nissan Shows Off New 2018 Leaf

Nissan just revealed its new Leaf model at extravagant ceremonies held in Tokyo and Las Vegas. The car goes on sale in early 2018. Nissan showed off red, white, and blue models during the events. The global unveiling was live streamed from Japan on a huge screen. The original Leaf was groundbreaking as a mass-market […]

Lyft Now Available Across 40 States

Lyft has expanded its ride-hailing service into 160 more cities, including hard-to-reach rural areas, bringing its total to about 350 served. The company now has statewide coverage in 40 states. The company said it will even offer rides in the most rural expanses of Alaska and the far reaches of Michigan’s Upper Peninsula. Lyft now […]

Retailers of Footwear Run Over By Price Wars

Stock for sporting goods retailers plunged on Friday as quarterly results that were poor posted by Foot Locker and Hibbett increased concerns by investors about a glut in supply that could intensify price wars across the industry. The most recent results followed those of Dick’s Sporting Goods a larger rival, which warned earlier in the […]

President Trump Rips Into Amazon Over Taxes

U.S. President Donald Trump ripped into Amazon via social media on Wednesday, saying the giant in e-commerce was hurting retailers and causing job losses in the U.S. Shares of Amazon were down 1% in trading before the opening bell following Trump’s blasting tweet. Amazon stock was down 0.5% at the close of business Wednesday. A […]

Target Buying Facilitator of Quick Deliveries

Target Corp. is increasingly more aware shoppers want their purchases online to be delivered promptly. To maintain as quick a delivery time as possibly, Target is acquiring a transportation technology company based in San Francisco that facilitates same-day deliveries. The retailer announced on Monday it agreed to purchase Grand Junction a tech startup whose software […]

Facebook Attempts to Enter China Unnoticed

In an attempt to explore the ultra-high potential of the online market in China, Facebook authorized the release this week of a new app that does not use its name. The app is Colorful Balloons and is for photo-sharing. It shares the look, function as well as feel of the Moments app from Facebook, showed […]

ESPN New Streaming Service Will Fill a Void, But More is Needed

It has been known ESPN was in the midst of developing its own streaming service since last year, when Disney, its parent company, acquired a share of 33% in BAMtech, a company specializing in streaming video that was created in 2015 by Major League Baseball. Disney on Tuesday announced it will exercised the option it […]

Netflix Acquires Millarworld for its TV and Film Content

Netflix Inc. announced Monday that he acquired Millarworld the comics publisher that brings aboard a renowned comic book writer in Mark Millar and a host of different character franchises that it can use for its television shows and movies. This is Netflix’s first acquisition in the 20 years it has been the pioneer for streaming […]

Ex-Official with Volkswagen Admits to Role in Emissions Scandal

A former compliance executive at Germany-based Volkswagen AG pleaded guilty this week to criminal charges that stem from the role he played in the automaker’s emissions cheating scandal. Germany citizen Oliver Schmidt, who for a number of years headed the engineering and environment offices for Volkswagen in Michigan, filed a guilty plea in a federal […]

Fitbit Beats on Revenue, Smartwatch Ready for Holiday Season

Fitbit the maker of wearable devices posted a drop in revenue for the quarter that was less than expected, and said everything was on track for the launch of its much-anticipated smartwatch for the upcoming holiday season. Fitbit, which sells wristbands in an array of colors that monitor heartrate, tracks steps count, calories and sleep […]

Honda First Quarter Results Strong, Eyes Higher Profit for Year

Honda Motor Co. moved up its forecast for profit for the full year citing favorable exchange rates for currency, after posting a rise in its quarterly earnings thanks to a weaker yen and strong demand across Asia. The third largest automaker in Japan continues struggling in North America its largest overall market, that represents one […]

Wells Fargo Facing Difficult Questions As New Abuses Discovered

New revelations were made that Wells Fargo & Co. spent many years enrolling borrowers in expensive auto insurance without the customer’s knowledge or consent. The new discovered sales abuses have put Wells Fargo back under heavy pressure to answer for a scandal over its sales practices that was harmful to millions of people in the […]

Twitter Stock Plunges As Investors Disappointed Over User Growth

Twitter Inc. shares began the trading day on Thursday 10% lower after the social media microblogging platform disappointed its investors with flat monthly user growth during the just ended second quarter. Despite its ongoing appeal amongst public figures and celebrities, Twitter has been struggling to keep its user growth even as it added to available […]

McDonald’s Initiatives in U.S. Help Global Sales Top Expectations

McDonald’s Corp posted its largest rise in sales at same-restaurants worldwide in the past five years, driven by more traffic and successes in its U.S. initiatives that included promotions on beverages and the launching of its signature crafted sandwiches. Now two years into its turnaround under CEO Steve Easterbrook, the burger chain giant is attempting […]

Sears Selling Kenmore Appliances Through Amazon

Sears at one time was the store that sold everything, but that was then and now Amazon is the everything store. With its huge inventory of toys, tools and firearms, it toppled local retailers. With its catalog-type model and its delivery systems that was nationwide, Sears at one time promised to bring everything to people’s […]

Chipotle Shares Plunge Following Norovirus Report

Analysts have become split over whether investors should avoid or buy Chipotle after shares of the burrito maker plunged following news that customers became sick after eating in one of its restaurants. The burrito-chain’s stock has struggled to recover from outbreaks of food-borne illnesses during 2015. In premarket trading early Wednesday, share prices for the […]

Trian Wants Peltz on P&G Board, Starts Public Proxy Fight

Trian Fund Management announced on Monday that it was seeking to have a seat on the board of directors at Proctor & Gamble for its CEO, as it is looking to push P&G to take more dramatic steps trying to revive sales and profit. The announcement by Trian marks its official launch of its biggest […]

Uber Forms Partnership with Russian Rival Yandex

Uber loves to fight its competition. However, in a few of the countries the ride-hailing company is in business, it has taken a path that is more conciliatory. The most recent example of this is that on Thursday Uber announced that it formed a partnership with Russian Internet Yandex operator of a search giant and […]

Paris and Los Angeles Ready to Host Olympics

In all likelihood Paris and Los Angeles will get the 2024 and 2028 Summer Olympics. It is not clear however, which city will be given which year. On Tuesday, a vote is expected by the International Olympic Committee to break with its tradition and award two Olympic Games at the same time. Paris and Los […]

Jobs Growth in U.S. Accelerates During June

Job growth in the United States surged more than had been expected during June while employers increased the number of hours for their workers, signs of strengthening in the labor market that might keep the U.S. Federal Reserve on line for its third hike in the interest rate this year despite wage gains being sluggish. […]

Owner of QVC Taking Over Big Rival HSN for $2.1 Billion

Liberty Interactive is set to consolidate two powerhouses of home shopping with its CEO Greg Maffei calling the deal a way to enhance the position of QVC as the global leader of video e-commerce retail. Liberty Interactive, controlled by John Malone, already owns QVE a powerhouse in home shopping and has agreed in principle to […]

Worldpay Attracts Interest of Rival in U.S. and Banking Behemoth

On Tuesday, British payments processor company Worldpay Group said it received two different preliminary approaches from Vantiv its rival in the U.S. and JPMorgan Chase over the possibility of a takeover. The news helped send shares higher. The area of payments processing is much more fashionable of late as more payments continue to move online, […]

Keep Moving, Stay Healthy!

It’s now official: your desk is slowly killing you. Medical reports state that you should gt up and walk around or at least do some stretches once every hour to counteract the strain on the circulatory system that is caused by sitting. Many companies are becoming proactive in this area in order to cut down […]

Price of Gas on Fourth of July Sets Low of 12 Years

Gasoline prices have hit new lows for the Fourth of July as for the first time in the past 12 years the oil glut has held the price down. Consumers driving to their destination for the four-day weekend will be paying on average $2.21 a gallon, which is less than the $3.14 a gallon ten-year […]

Walgreens Drops Bid for Rite Aid, Will Buy Stores

Walgreens Boots Alliance has ended its bid to takeover Rite Aid Corp, and will instead buy a smaller part of its rival’s drugstore chain, as the original deal was blocked due to antitrust problems in the U.S. The new deal will end a saga that has dragged on over 18 months as the two companies […]

Sprint Shares Up After Talk of Wireless Partnerships

Sprint Corp shares were up 3% Tuesday morning after reports surfaced that the fourth-largest wireless service provider in the U.S. was holding talks with Comcast Corp and Charter Communications about a partnership. Sprint, which is controlled by Japan-based SoftBank Group, is in a period of two-months of exclusive talks with Comcast and Charter, while putting […]

Federal Probe at SeaWorld Related to Documentary “Blackfish”

On Friday, SeaWorld revealed through one of its public filings that a pair of federal agencies are investigating it for matters that are related to the documentary film “Blackfish” produced by CNN. SeaWorld said the probes are separate involving one with the Securities and Exchange Commission and the other with the Department of Justice. The […]