Economy

Cryptocurrency exchange loses $400 million worth of coins in massive NEM hack

Cryptocurrency exchange loses $400 million worth of coins in massive NEM hack

At a press conference in Tokyo at midnight Friday, Coincheck Inc . Following the breach, Coincheck put a halt on NEM trading , followed by a restriction on purchases and sales of all digital cur...

by · Economy
Nutella 'riots' break out in France over supermarket sale

Nutella 'riots' break out in France over supermarket sale

One flabbergasted shopper shared footage of people jostling and pushing each other to get their hands on the discounted Nutella with the message: "Seriously?" The supermarket chain did not immedia...

by · Economy
SpaceX tests 5 MILLION lb supersonic rocket

SpaceX tests 5 MILLION lb supersonic rocket

For the Falcon Heavy's first payload, Musk picked one of his used Tesla Roadsters to shoot into space, not the more typical dummy satellite often carried on test flights. The Heavy is like a Falc...

by · Economy
Amazon boosts monthly Prime membership fees by 20 percent

Amazon boosts monthly Prime membership fees by 20 percent

Though the service's free two-day shipping has always been one of its more attractive features, there's no denying the appeal of Prime Video or Prime Music . Amazon has also had success with its Pr...

by · Economy
GST On 29 Items, 54 Services Cut

GST On 29 Items, 54 Services Cut

With the Union Budget just two weeks away, Finance Minister Arun Jaitley will also hold a pre budget meeting with the state finance ministers. Now as per the anti-profiteering law set up by the ...

by · Economy
Toronto Makes Shortlist Of Candidates For Amazon's 2nd Headquarters

Toronto Makes Shortlist Of Candidates For Amazon's 2nd Headquarters

Amazon said it will work with each of the finalists to explore their proposals, request additional information, and evaluate the feasibility of a partnership that can accommodate the company's hiri...

by · Economy

Dow spikes 332 points, closes above 26000

The S&P 500 index climbed 0.9 percent to 2,802.56 and the Nasdaq added 1 percent to 7,298.28. A slew of positive corporate earnings reports helped the Dow Jones industrial average close above 26,0...

by · Economy
Crude Oil Steady Ahead Of Inventories

Crude Oil Steady Ahead Of Inventories

The high prices have been accompanied by money managers raising bullish positions in crude futures and options by record amounts, and this prompted Norbert Ruecker , head of commodity research at Ju...

by · Economy
Citigroup Takes $22B Charge on Tax Law Adjustments

Citigroup Takes $22B Charge on Tax Law Adjustments

As a result Citi will record its first annual loss since 2009, of $6.2bn. Last month, President Trump signed a bill that slashed the corporate tax rate to 21% from 35%. Last week, JPMorgan Chase ...

by · Economy
Walmart closes 63 Sam's Club locations, Northeast Ohio exempt for now

Walmart closes 63 Sam's Club locations, Northeast Ohio exempt for now

Several 10News TV and newspaper partners report on store closings - effective immediately - in places like metro Atlanta, Houston, Indianapolis and others. Ten of the affected stores will be turned in...

by · Economy
Airbus might have to 'shut down' A380 superjumbo production

Airbus might have to 'shut down' A380 superjumbo production

Airbus has confirmed that if a deal to sell dozens of its giant A380 airliners to Emirates eventually falls through it will have to stop making them. For the moment, he said, the only likely custome...

by · Economy
Moneygram Confirms Partnership with Ripple, XRP Price likely to Surge

Moneygram Confirms Partnership with Ripple, XRP Price likely to Surge

As per a press release , MoneyGram will test the use of XRP via Ripple's xRapid payment network, which it claims increases speed and reduces the costs of transferring money. And to be clear: @M...

by · Economy
General Motors drops steering wheel, gives robot driver control

General Motors drops steering wheel, gives robot driver control

According to the U.S. National Highway Traffic Safety Administration who confirmed GM's petition, "Safety is the (Transportation) department's top priority". Riders will use a Cruise AV mobile-app t...

by · Economy
NYC sues 5 major oil companies over climate change

NYC sues 5 major oil companies over climate change

So the city is suing BP, Chevron , ConocoPhillips , ExxonMobil, and Royal Dutch Shell , the Associated Press reports . "We know all too well that low-income communities and communities of color ar...

by · Economy
Lalu Prasad Yadav Gets 3.5 Years Jail Term

Lalu Prasad Yadav Gets 3.5 Years Jail Term

After spending two months in jail, Supreme Court granted bail to Prasad in the first fodder scam case. The quantum of sentence was announced by the CBI court after a delay of two days via video conf...

by · Economy
Android malware disguises itself as Flash Player, targets banking apps

Android malware disguises itself as Flash Player, targets banking apps

The trojan is being distributed through a fake Flash Player app on third-party stores. The malware isn't widespread, though, and most Uber users are not effected. The targeted mobile apps show fake...

by · Economy
Almost a billion dollars at stake in MegaMillions, Powerball drawings

Almost a billion dollars at stake in MegaMillions, Powerball drawings

Once again, MLive will be providing live results of tonight's drawing and will update this story with the winning numbers as they come in. If there's no victor for Saturday's drawing, the next estimat...

by · Economy
Loathsome Shill Ajit Pai Drops Out Of Planned CES Appearance

Loathsome Shill Ajit Pai Drops Out Of Planned CES Appearance

Citing Hill sources, DigitalMusicNews was reporting that Pai's canceled appearance was prompted by multiple death threats tied to the show. While Pai did not offer a reason for the cancellation ...

by · Economy
India's December manufacturing PMI sees fastest growth in five years

India's December manufacturing PMI sees fastest growth in five years

The pickup in December's manufacturing PMI came on the back of strong demand both at home and overseas. Ireland's economy is nearly certain to have been the strongest performer in Europe for the f...

by · Economy
Oil near 2015 highs on strong China data

Oil near 2015 highs on strong China data

Brent crude futures-the worldwide benchmark-were also up, rising 45 cents or 0.7% to $66.61 a barrel, CNBC reported. Brent crude oil in particular is being supported by ongoing supply cuts by to...

by · Economy
Instagram brings recommended posts feature to their app

Instagram brings recommended posts feature to their app

It will have three to five recommended posts . Popular photo and video sharing app Instagram has quietly added a new feature to its platform. This is not the first time that the Facebook-owned ...

by · Economy
Apple Board Tells Tim Cook to Fly Private Jet

Apple Board Tells Tim Cook to Fly Private Jet

Apple said the reason for implementing the new policy for Cook is due to "interests of security and efficiency based on our global profile" and Cook's high profile as chief executive. On top of t...

by · Economy
Uber sells 15% stake to SoftBank

Uber sells 15% stake to SoftBank

That's a roughly 30 percent discount over Uber's most recent valuation of close to $70 billion. The completion of the deal is the first significant achievement for Uber's new CEO Dara Khosrowsha...

by · Economy
Pakistan played cruel joke, Jadhav meeting a drama, says Sarabjit Singh's sister

Pakistan played cruel joke, Jadhav meeting a drama, says Sarabjit Singh's sister

TV footage showed a convoy of around seven vehicles escorting Jadhav's family in the city. "I have been treated with dignity and honour and in a very professional manner by the Pakistani authorities",...

by · Economy
City gets its white Christmas after all

City gets its white Christmas after all

Saturday night, look for patchy blowing snow under mostly cloudy skies that will gradually become clear. The Weather Service was predicting up to two inches of snow in the hardest hit areas through ...

by · Economy