Economy

Ripple's Capitalization May Beat Bitcoin's One If the Coin Hits $6.14

Ripple's Capitalization May Beat Bitcoin's One If the Coin Hits $6.14 Bitfinex's latest price of Bitcoin is 14,888 Dollars, with a reported decline of almost 8% on Monday. Despite falling below $15,000 this week, Bitcoin is still the king of cryptocurrencies. Nasdaq is rumored to be working on their own alternative crypto-exchange option, and experts indicate that regulatory bodies in the USA will likely approve a Bitcoin exchange fund later this year or at... [Full Article...]

Comparable Company Analysis: Wells Fargo & Company (WFC), Lincoln National Corporation (LNC)

Comparable Company Analysis: Wells Fargo & Company (WFC), Lincoln National Corporation (LNC) Solar Cap Ltd now has $858.32 million valuation. Cognex Corporation (NASDAQ:CGNX) has risen 131.00% since January 11, 2017 and is uptrending. Connors Investor Services Inc increased its stake in Wells Fargo ( WFC ) by 2.26% based on its latest 2017Q3 regulatory filing with the SEC. [Full Article...]

CPI Inflation at 5.21%, hits 17 months high in December 2017

CPI Inflation at 5.21%, hits 17 months high in December 2017 India's retail inflation on Friday grew at 5.21 per cent in December on rise in prices of food items, egg and vegetables, dashing hopes of interest rate cut in the near future. The indices of Industrial Production (IIP) for mining, manufacturing and electricity sectors for the month of November 2017 stood at 107.4, 127.5 and 140.1 respectively, with the corresponding growth rates of 1.1 percent,... [Full Article...]

Major power outage hits CES, a consumer electronics show

Major power outage hits CES, a consumer electronics show Companies affected by the outage included LG, Samsung and Sony, The Verge reports, along with tech start-up firms that "paid thousands of dollars to have a presence on the massive show floor". We are grateful to NV Energy for their swift assistance, to our customers and their clients for their patience and to the staff for ensuring the safety and security of all attendees and exhibitors", the st... [Full Article...]

TCS in focus after declaring Q3 result

TCS in focus after declaring Q3 result In dollar terms, TCS on Thursday reported a Q3 revenue of $4,787 million, up 1 per cent quarter-on-quarter and 9 per cent year-on-year. Net profit was up 37.7 percent at Rs 5,129 crore due to lower tax expenses (see chart). Consolidated revenue, however, grew 8 per cent annually to $2,755 million from $2,551 million in the like period year ago but remained flat (1 per cent) sequentially from $... [Full Article...]

Fiat Chrysler to move plant from Mexico to MI, pay out bonuses

Fiat Chrysler said it would create 2,500 jobs at a factory in Warren, Michigan, near Detroit and invest $1 billion in the facility. It will start producing "commercial vehicles for global distribution" there instead. Vice President Mike Pence praised Fiat Chrysler's announcement. The investment "is a hedge by FCA against the increasing likelihood that Nafta will be dropped or renegotiated to fav... [Full Article...]

China suspends Marriott website over geography gaffe

China suspends Marriott website over geography gaffe China is stepping up its policing of worldwide companies such as Inditex SA-owned Zara and Delta Air Lines Inc and demanding they respect the government's position on long-standing territorial disputes from Taiwan to Tibet. "We apologise for the inconvenience caused by the incident", it continued. When they started filling in the information about the counties of their residence, they disco... [Full Article...]

Is Scarborough Hospital facing a crisis?

Is Scarborough Hospital facing a crisis? Chief executive of the Royal College of Nursing (RCN) Janet Davies said: "Today's figures show that nearly every day last week, NHS hospitals in England were at bursting point, with over 90 per cent of beds being used". No patient should have to experience it. So have large swathes of the country, with many other hospitals teetering on the verge of collapse by the numbers stricken by flu, bad ... [Full Article...]

Meet the Cruise AV, GM's First Production-Ready Driverless Car

Meet the Cruise AV, GM's First Production-Ready Driverless Car It's not clear yet where or when the new vehicles will eventually be deployed. Cruise isn't just showing this of as a concept of what's to come - the company is submitting a petition to the National Highway and Traffic Safety Administration to be able to actually deploy it in 2019, the year when GM and Cruise revealed they wanted to start operating their commercial service late last year. [Full Article...]

China Dec imports from North Korea down 81.6 pct y/y - China customs

China Dec imports from North Korea down 81.6 pct y/y - China customs China reported a 7.9 percent jump in exports and 15.9 percent rise in imports - both in dollar terms - for 2017. It was the weakest annual growth in imports since December 2016. Of note, particularly from a geopolitical perspective, China's trade surplus with the United States fell to $US25.55 billion from $US27.87 billion in November, according to data from Thomson Reuters. [Full Article...]

Uber Used Another Secret Software Program to Evade Police

Uber Used Another Secret Software Program to Evade Police Uber defends the use of the software in a statement claiming that it is used to protect customer data and ensure the searches being conducted are legitimate. However, what is out of the ordinary in this case it how frequently Ripley has been employed. The ability to lock down devices wasn't limited to computers, according to the report. [Full Article...]

Toyota, Mazda Select Alabama for New Manufacturing Plant

Toyota, Mazda Select Alabama for New Manufacturing Plant Toyota Motor Corp. and Mazda Motor Corp . were offered at least $700 million in combined incentives to steer a $1.6 billion new factory investment to northern Alabama. Klier has studied America's shifting auto manufacturing footprint and says Alabama benefits from being so close to other Toyota facilities. "Alabama is truly honored to have been chosen for this project", Gov. [Full Article...]

PSLV heads towards orbit, launch said to be "successful"

PSLV heads towards orbit, launch said to be It will carry a 710-kilo Cartosat-2 satellite, along with 30 co-passenger satellites. Among the 30 co-passenger satellites, 3 microsatellites and 25 nanosatellites will be launched on behalf of six countries - Canada, Finland, France, Republic of Korea, the United Kingdom and the US. [Full Article...]

Ocean Infinity to continue search for flight MH370

Ocean Infinity to continue search for flight MH370 The previous search effort and the wreckage found have allowed researchers to revise their assessments on the search area, underpinning Ocean Infinity's confidence in finding the aircraft, Plunkett said . Ocean Infinity's priority is to locate the wreckage or the black box recorders - flight and cockpit recorders - or both, and present credible evidence to confirm their location, Liow added. [Full Article...]

Domino's Pizza CEO dismisses Chipotle theories, says he won't retire

Domino's Pizza CEO dismisses Chipotle theories, says he won't retire At the close of regular trading, its last week's stock price volatility was 2.06% which for the month reaches 2.42%. About 127,846 shares traded. It has outperformed by 45.36% the S&P500. The stock has "Overweight" rating by KeyBanc Capital Markets on Friday, January 20. As per Thursday, May 19, the company rating was maintained by Citigroup. [Full Article...]

Ford urges 2900 pickup owners to stop driving after…

Ford urges 2900 pickup owners to stop driving after… Ford inspectors confirmed days later that a faulty Takata air bag inflater ruptured, "resulting in a driver fatality", the company said in a statement . Millions of affected vehicles have been recalled since flaws were found in the airbags in 2014. "NHTSA's top priority is safety; it is extremely important that all high-risk air bags are tracked down and replaced immediately". [Full Article...]

Crude Below Recent Highs

Crude Below Recent Highs While we saw an increase in products, that was pale in comparison to recent demand. According to the latest data from the US Petroleum Institute, the oil reserves in the country have fallen by 11.2 million barrels to 416.5 million barrels for the week ending January 5. [Full Article...]

Apple releases iOS update to protect against Meltdown, Spectre attacks

Apple releases iOS update to protect against Meltdown, Spectre attacks Patches against Spectre , in the form of an update to web browser Safari, will be released "in the coming days". These steps could slow the speed of the browser by less than 2.5 per cent, Apple said in a statement posted on its website. [Full Article...]

Dropbox has secretly filed for a US IPO

Dropbox has secretly filed for a US IPO The joke surrounding Dropbox for years was that the company was set to go public in the fourth quarter of that year - every year. It also allows Dropbox to wait until it's truly ready before listing its shares, as opposed to the regular process, where the clock starts once the S-1 filing hits the internet. [Full Article...]

Ikea Pregnancy Test in Ad for Crib Is Newest Marketing Gimmick

Ikea Pregnancy Test in Ad for Crib Is Newest Marketing Gimmick The Swedish furniture company and advertising agency Åkestam Holst created the ad with technology similar to that in pregnancy test kits . To get a 50% discount on a crib, expectant mothers are encouraged to pee on the print ad. This delivered "success of this project". The ad is running in Amelia magazine, one of Sweden's most influential magazines for women, and was thought up by Swedis... [Full Article...]


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