Economy

S Korea prosecutors launch probe into Apple over iPhone slowdown

S Korea prosecutors launch probe into Apple over iPhone slowdown

The top analyst expects three new iPhone models to launch in 2018, all of which could benefit from iPhone X tech. Cordwell reaffirmed his $190 price target for Apple shares, representing 6.5 percent upside to Friday's close. When Kuo's initial prediction made headlines, it was mischaracterized in the blogosphere as Apple "canceling" the iPhone X , as if it were cutting off production immediately and flipping an iPhone X sign on the door of the Apple Store to read "permanently ... Read More

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Dow Jones closes above 26000 today

Dow Jones closes above 26000 today

Technology, health care and financial stocks accounted for much of the market's gains. Futures on the Dow Jones Industrial Average surged more than 200 points on Tuesday, indicating that the blue-chip index could open above 26,000 for the first time, supported by strong earnings from UnitedHealth . Read More

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IBM falls despite posting first rise in revenue for 23 months

IBM falls despite posting first rise in revenue for 23 months

That bill also included "the revaluation of deferred tax assets and liabilities", we're told. Including that particular charge, the rate for taxes during the quarter was 124% and 49% for the full year. Martin Schroeter, the previous CFO who has since been named senior vice president of IBM Global Markets, said on the earnings call that IBM delivered on a pledge made back in July to improve its trajectory in the second half of the year. Read More

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Dr. Bernice King remembers her father, mother ahead of holiday

Dr. Bernice King remembers her father, mother ahead of holiday

Martin Luther King, Jr . "Dr. Martin Luther King Jr . believed in celebrating and promoting the worth of every human being", the Charlotte-Mecklenburg Community Relations Committee said in announcing this year's events. His sister, who obtained H-1B status, has become a US citizen and is sponsoring Wane for legalization. "There's never a time where it's inappropriate to talk about King and who he was and how we can be inspired by him to act in our own current context", she said. Read More

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Tesco is festive victor reporting record Christmas sales

Tesco is festive victor reporting record Christmas sales

Like-for-like sales and volumes in fresh food in the United Kingdom were up by 3.7 per cent, driving overall like-for-like sales growth in the country to 1.9 per cent. An ongoing decline from general merchandise was another sore point, falling 0.6% over the Christmas period. However, he added that the collapse of the Palmer & Harvey tobacco supplier had taken "the shine off an otherwise outstanding performance for the period as a whole". Read More

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New Toyota-Mazda factory to be built in Alabama

New Toyota-Mazda factory to be built in Alabama

Toyota , which makes the Prius hybrid, Camry sedan and Lexus luxury models, already provides hybrid technology to Mazda , which makes compact cars for Toyota at its Mexico plant. USA sales of small cars fell almost 10 percent previous year as buyers continued a massive shift toward SUVs and pickup trucks . "Mazda makes cars with a clear vision of how we want to inspire people, contribute to society and help preserve the beauty of the Earth". Read More

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Apple confirms iOS and macOS are vulnerable to 'Meltdown' and 'Specter'

Apple confirms iOS and macOS are vulnerable to 'Meltdown' and 'Specter'

The security vulnerabilities apply to all modern computer processors and affect almost all computers and smartphones, leaving tech companies scrambling to find a fix . On Wednesday, Alphabet Inc's Google and other security researchers disclosed two major chip flaws , one called Meltdown affecting only Intel Corp chips and one called Spectre affecting almost all computer chips made in the last decade. Read More

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Uber sells stake to Softbank for 30% discount

Uber sells stake to Softbank for 30% discount

SoftBank has access to all kinds of technology that could be relevant to Uber's self-driving vehicle plans via its other investments, and with its help, Uber will be better positioned to expand into Asia. SoftBank, which is heavily invested in other ride-hailing companies around the globe, could help Uber strike more partnership deals, especially in Asia. Read More

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US Reportedly Planning to Attack North Korea to Stop its Nuclear Program

US Reportedly Planning to Attack North Korea to Stop its Nuclear Program

There appears to be a split in the rhetoric between Tillerson and Trump . The National Security Agency has suggested links between the ransomware and the North Korea regime as early as June this year. As cyberattacks take aim at larger targets and higher ransoms, and with the price of bitcoin spiking, CrowdStrike CEO George Kurtz said there's "absolutely" reason to believe North Korea has an appreciating pile of bitcoin to fund future attacks. Read More

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Newcastle United Cancels Christmas Party

Newcastle United Cancels Christmas Party

Movement behind the scenes, with a takeover close to being completed, has not helped Newcastle . "That's just the start of what's to come for us", he said. Suffice it to say nothing has really gone to plan for either club this season, but this match could represent an opportunity to start turning things around. Read More

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Rutgers graduate students join national protest of GOP tax cuts

Rutgers graduate students join national protest of GOP tax cuts

We will also continue to work closely with organizations like the ACE, AAU and APLU, as well as with our state's congressional delegation, to ensure any bill that ultimately emerges from Washington is less draconian for higher education. If House Republicans get their way, taxes would go up dramatically for graduate students across the country. Lee asked crowd members to raise their hands if the passage of this tax will prevent them from being able to come back next year. Read More

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Jeff Bezos I'm Now the $100 Billion Man!!!

Jeff Bezos I'm Now the $100 Billion Man!!!

Reaching the new landmark was shortlived, however. In a stark reminder of wealth inequality in the USA, it emerged this month that the combined fortunes of Warren Buffett , Bill Gates and Jeff Bezos (roughly $248.5 billion) exceeds the net worth of 160 million Americans, or 53 million U.S. Read More

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It's confirmed, different types of alcohol trigger different emotions in people

It's confirmed, different types of alcohol trigger different emotions in people

Men and heavy drinkers were more prone to report aggression, per the Independent , while women were more likely to report all other emotions, tearfulness among them. There's one notable exception, however. Men also said that under the influence of alcohol feel more attractive to women. " Alcohol reduces consideration of the consequences of actions as it suppresses the more rational parts of the brain", Bellis said. Read More

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Uber discloses data breach one year after it happened

Uber discloses data breach one year after it happened

He was not at the helm when it happened. Payments to hackers are not shared publicly however Federal Bureau of Investigation official have told that many companies are paying criminal hackers to recover stolen data. Joe Sullivan, chief security officer, and his deputy hid the cyberattack as US regulators investigated Uber for a different set of privacy violation claims. Read More

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