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Venezuelan Chaos Could Grow Much Worse

Venezuelan Chaos Could Grow Much Worse

As Venezuela sinks further into chaos the country has large bills that are coming due and it still has not paid other debts due several weeks ago. PDVSA the state-operated oil company paid $900 million to its bondholders, but another $350 million is still owed, from earlier in the month. […]

Employers in U.S. Added 156,000 New Jobs During August

Employers in U.S. Added 156,000 New Jobs During August

Job growth in the United States slowed during August as companies added just 156,000 new jobs, but enough that it suggests most businesses are still confident in the economy nine years after beginning it recovery from the 2008 recession. The rate of unemployment moved up to 4.4% from July’s 4.3% […]

Assembly Of The Apple Inc. (NASDAQ:AAPL) IPhone SE In India Starts

Assembly Of The Apple Inc. (NASDAQ:AAPL) IPhone SE In India Starts

Apple Inc. (NASDAQ:AAPL) has begun assembling iPhones in India specifically the iPhone SE, its cheapest smartphone. This follows a trial run which was conducted earlier in a bid by Apple to enter the South Asian market which is growing faster than its other big markets such as China and the […]

General Motors Patents Outside Airbags for Pedestrians

General Motors Patents Outside Airbags for Pedestrians

Airbags are made to protect the passengers inside vehicles. However, General Motors believes they can work equally as well on the exterior of vehicles to save pedestrians during crashes. GM received a patent of its airbag on the outside of a vehicle that is designed to provide pedestrians protection, the […]

Tempers Rise in FCC Over Sinclair Record Fine

Tempers Rise in FCC Over Sinclair Record Fine

FCC commissioners from the Republican and Democratic Parties traded barbs during the week following the record fine the federal agency levied on Sinclair Broadcast Group, a conservative leaning company. During the first six months of 2016, Sinclair aired over 1,723 segments on-air related to the Huntsman Cancer Institute on 64 […]

US Commerce Chief Comments on Canadian Trade Relations

US Commerce Chief Comments on Canadian Trade Relations

On Saturday, the US Commerce Secretary Wilbur Ross issued a strict message directly to Canadian Prime Minister Justin Trudeau regarding what Ross calls “inappropriate” threats of “retaliatory action” against United States tariffs on imports of softwood lumber. In a statement, Ross said, “The Department of Commerce’s recent preliminary decision to […]

Alibaba Group Holding Ltd (NYSE:BABA) And Amazon.Com, Inc. (NASDAQ:AMZN) Increasingly Turning To Physical Stores

Alibaba Group Holding Ltd (NYSE:BABA) And Amazon.Com, Inc. (NASDAQ:AMZN) Increasingly Turning To Physical Stores

Despite the end of brick and mortar stores having been predicted, Alibaba Group Holding Ltd (NYSE:BABA) and Amazon.com, Inc. (NASDAQ:AMZN), who were once pure-play ecommerce firms are now opening their own physical retail centers to become some sort of hybrid retailers. In the case of Amazon, what started out as […]

Britain’s Authorities Fine Merrill Lynch for Not Reporting Transactions

Britain’s Authorities Fine Merrill Lynch for Not Reporting Transactions

Merrill Lynch, a unit of Bank of America, was fined in the amount of $45.5 billion by the Financial Conduct Authority in Britain for not reporting details of its trading in exchange-traded derivatives, the British market regulator announced. Monday’s enforcement action, which is the first of a kind under Britain’s […]

Apple Inc. (NASDAQ:AAPL) And Carl Zeiss Said To Be Partnering In An Augmented Reality Project

Apple Inc. (NASDAQ:AAPL) And Carl Zeiss Said To Be Partnering In An Augmented Reality Project

Speculation is rife that Apple Inc. (NASDAQ:AAPL) and Carl Zeiss are partnering to develop augmented reality glasses. It is understood that the two could launch a product later this year. This is according to a renowned tech evangelist, Robert Scoble, who admitted his source was an employee of the German […]

Travel Ban Challenge to Be Heard by Supreme Court

Travel Ban Challenge to Be Heard by Supreme Court

The U.S. Supreme Court announced that it would hear the challenge of the most recent travel ban implemented by President Donald Trump. Oral arguments on the challenge will be heard starting in April. In an order of just two sentences, the court announced it would consider questions related to whether […]