Archive for the 'Economy' Category
SEC Sues Elon Musk, Seeks to Ban Him from Running Tesla or Any Public Company
September 27th, 2018Update: Musk to Resign as Tesla Chairman, Remain as CEO in SEC Settlement Via: Reuters: Tesla and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company’s chairman but remain as chief executive, under a settlement that caps a tumultuous two months for the […]
Insiders Selling at Record Pace
September 26th, 2018Via: CBS: Corporate insiders are dumping stock in their companies at a rate not seen in 10 years. With September not yet over, stock sales by company executives reached $5.7 billion, according to data from TrimTabs Investment Research — the highest September in a decade. August’s $10.3 billion in insider sales also reached a 10-year […]
Meet the People Falling for Scripted Robots
September 26th, 2018Is this actually contributing to Japan’s declining population? I had assumed that work related stress in Japan was simply too much to handle for a growing number of people, and that the bizarre digital escapism was a symptom of that. Would the otaku-as-pathology phenomenon be happening if work-life balance existed in Japan? In my opinion, […]
Danske Bank Moved $235 Billion in “Suspicious” Payments Through Estonian Branch
September 25th, 2018Via: Reuters: Denmark has bolstered defenses against shocks to its financial system after a risk-assessment body said the sector’s stability could be threatened by the Danske Bank money laundering scandal. Danske Bank’s CEO resigned last week after an inquiry revealed that 200 billion euros ($235 billion) of payments had been moved through its Estonian branch […]
At This High-Tech Farm, the Boss Is an AI-Powered Algorithm
September 20th, 2018Via: Bloomberg: Each morning when she gets to work at Bowery Farming Inc., Katie Morich changes into a clean uniform, puts on a hairnet and cleans her hands with sanitizer. Then she consults a computer monitor displaying all the tasks she needs to accomplish that day. The to-do list’s author isn’t human; it’s a piece […]
Amazon Will Consider Opening Up to 3,000 Cashierless Stores by 2021
September 20th, 2018Via: Bloomberg: Amazon.com Inc. is considering a plan to open as many as 3,000 new AmazonGo cashierless stores in the next few years, according to people familiar with matter, an aggressive and costly expansion that would threaten convenience chains like 7-Eleven Inc., quick-service sandwich shops like Subway and Panera Bread, and mom-and-pop pizzerias and taco […]
Trump Hits China with Fresh Tariffs
September 17th, 2018Via: Reuters: U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations. Trump also warned in a statement on Monday that if China takes retaliatory action against U.S. farmers or industries, […]
Tesla’s Most Credible Rival Raises $1 Billion from Saudi Arabia
September 17th, 2018Via: Ars Technica: Lucid Motors, the electric car startup we described as Tesla’s most credible rival last year, got a shot in the arm on Monday as Saudi Arabia’s sovereign wealth fund announced a $1 billion investment. The company aims to bring its first car to market in 2020.
Trump ‘Orders Further China Tariffs’
September 15th, 2018Via: BBC: US President Donald Trump has instructed staff to move forward with the next round of tariffs on Chinese goods, US media have reported. The tariffs are expected to apply to about $200bn worth of imports from China, including electronic parts and consumer goods such as handbags. It remains unclear when the new import […]
Volvo Unveils All-Electric and Autonomous Truck Without a Cab
September 13th, 2018Via: Electrek: If your truck is completely autonomous, why would you need a cab? Volvo Trucks believes that you don’t and that’s why they built a new all-electric and autonomous truck without a cab called Vera.
