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Amazon launches new blockchain service

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In addition, Amazon Managed Blockchain provides simple APIs that allow customers to vote on memberships in their networks and to scale up or down more easily. today announced the general availability of Amazon Managed Blockchain. "AMB takes care of provisioning nodes, setting up the network, managing certificates and security, and scaling the network. Read More »

Bank of England's Carney Tells Investors They Are Too Relaxed on Rates

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However, the central bank expects growth to slow to 0.2% during the current quarter. During the first quarter of 2019 the United Kingdom economy probably grew by 0.5% due to businesses building up stocks ahead of Brexit , the Bank of England said - a faster rate than the 0.2% growth it forecast in February. Read More »

Vegan Burger Company Beyond Meat Prices IPO At $25 A Share

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Net revenue more than doubled to $US87.9m in the same period. At this price, Beyond Meat raised around $240 million at a $1.5 billion valuation, including underwriters' options. However, despite its popularity Beyond Meat is still not profitable and recorded a net loss of US$30 million in 2018, according to its most recent financial records released on Monday. Read More »

USA adds 263,000 jobs, lowest unemployment rate since 1969

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And inflation has for several years defied the usual logic that low unemployment should cause wages and prices to rise. Richard Moody, economist at Regions Financial Corp., told the news wire, "The broader economy remains on solid footing, meaning that coming months will see continued job gains and faster wage growth". Read More »

Berkshire Hathaway shareholders arrive in Omaha

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The multi-billionaire describes this business line as Berkshire Hathaway 's growth engine, allowing the company to invest policyholder premiums and pay out claims as needed. "He does not see any reason he could outperform the market". Buffett has mostly avoided technology-related stocks, saying he did not understand the products and markets well enough. Read More »

Activision Blizzard quarterly revenues take a dip

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We're building this league for fans across esports , traditional sports and gaming alike and we're excited to partner with individuals and organizations who are just as passionate about our vision for the future of Call of Duty esports. Read More »

Amazon Launches New Ecommerce Site in the Middle East

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UAE-based e-commerce site Souq .com has relaunched as Amazon .ae in the country, it was announced on Wednesday. Those selling on Souq .com will also experience a smooth transition to Amazon .ae. Completely localized for an effortless experience, shoppers can search for their favorite products and pay in AED using local and worldwide credit cards or cash on delivery (COD). Read More »

Chase Bank Deletes 'Motivational' Tweet About Saving Money After Backlash

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Chase tweeted a hypothetical conversation between the bank and a customer. Bank account: you don't need a cab, it's only three blocks . Some, like presidential candidate and U.S. Elizabeth Warren of MA pointed out that Chase parent JPMorgan Chase and other big banks received multi-billion bailouts from taxpayers at a time when many Americans lost their jobs or lost their homes to foreclosure. Read More »

Qualcomm hangs on to most Apple gains after earnings report

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Elsewhere on the balance sheet, Qualcomm said MSM chip shipments were 155 million, down 17% year-over-year and below the midpoint of its previous guidance range. The chipmaker said that cashpile will consist of "a payment from Apple and the release of our obligations to pay or refund Apple and the contract manufacturers certain customer-related liabilities". Read More »

Tesla Model 3 United Kingdom prices announced

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Tesla stock, which had plunged 30 percent this year, rallied 4.1 percent to $243.61 at 9:39 a.m.in NY, and its bonds advanced. Wedbush Securities analyst Dan Ives said in a note to investors that the offerings were a "clear net positive for Tesla" because they cleared up long-lingering uncertainty over whether Tesla would have enough cash on hand to meet upcoming debt payments . Read More »

National Chase tried to be amusing on Twitter. It didn't go well

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Chase bank sent a tweet for "Motivation Monday" that depicted a fictional conversation between a customer and their bank account, with the account holder asking why the balance was so low. The Chase faux pas is a win for online banks, credit unions, and smaller banks, espeically when it comes to attracting younger clientele. Another critic: Freshman Rep. Read More »

Nasdaq retreats after Alphabet drop; S&P 500 posts record

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The company's stock fell about 3% on the news in after-hours trading. Alphabet reported net income of $6.657 billion and diluted earnings per share of $9.50. In these areas, Google will be competing with Microsoft and Amazon, and the company is expected to continue to invest in capital expenditure, but at a slower rate than in 2018, according to Porat, in an attempt to catch up. Read More »

Google, China PMI to add pain

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Factory activity in China grew at a slower pace than economists had expected last month, suggesting that the world's largest economy is struggling to pick up momentum. As China is Australia's biggest trade partner, investors were disappointed when the April manufacturing PMIs fell short of expectations. On the positive side, one-year outlook for production improved to an 11-month high. Read More »

Buffett backs Occidental's bid for Anadarko with US$10B pledge

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The investment depends on Occidental Petroleum's proposed acquisition of Anadarko Petroleum ( APC ). The announcement is "a bit surprising", since Occidental had previously indicated that it had committed financing for the cash portion of the Anadarko deal, KeyBanc Capital Markets Inc. Read More »

Iran's Rouhani says U.S. oil sanctions will fail in practice

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Oil futures ended little changed on Wednesday after supply curbs, including further talk on an extension to OPEC-led cuts, offset rising US crude inventories and record production. Between February 20 and March 20 - the last date in the Iranian calendar - the annual inflation rate in Iran had increased to 47.5 percent, the worst it has been in five years. Read More »

Marriott to launch luxury home-sharing platform

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Marriott said that data from its Tribute Portoflio Homes pilot showed that 90 per cent of guests were Marriott Bonvoy members , with over three quarters travelling for leisure with family and friends, and the average stay being more than triple the typical hotel stay. Read More »

US Fed defies Trump and holds interest rates

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President Donald Trump. Some central bank policymakers have cited ongoing weak inflation, still well below the Fed's 2 percent target, as a sign rates may be too high. It will not provide new economic or interest rate projections, but Chairman Jerome Powell is scheduled to hold a press conference shortly after. On Tuesday Trump stepped up his criticism in a two-part attack that unfavorably compared U.S. Read More »

Venezuela's Juan Guaido urges military uprising to topple socialist leader Nicolas Maduro

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The opposition leader went on claim President Maduro "does not have the support of the armed forces", and vowed that his efforts to oust the Venezuelan government continue "as strong as ever". "Mister Pompeo, please, this really is a joke", Maduro said. Venezuela's UN Ambassador Samuel Moncada rejected Bolton's remarks as "propaganda". American pilots and planes now in Venezuela have been advised to get out within the next 48 hours and the order does not prohibit U.S. Read More »

Vodafone denies Huawei Italy security risk

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Both Vodafone and Huawei denied that the telnet services could be used as a backdoor allowing spying on users. In 2011, Vodafone reportedly asked Huawei to remove backdoors from its home internet routers. Bloomberg's report comes as Huawei is facing intense scrutiny from governments around the world as they decide whether they will use Huawei equipment in their 5G network rollouts. Read More »

Maduro was ready to leave Venezuela: Pompeo

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Detained in 2014 for leading a previous round of anti-government unrest. Venezuela's opposition leader and self proclaimed president Juan Guaido. A Reuters journalist saw security forces firing tear gas at Guaido and around 70 armed men in military uniform near the La Carlota air force base in Caracas. Read More »

Chase Bank deletes #MondayMotivation tweet following backlash

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This is standard when opening accounts with large banks: the average customer is charged $329 in fees a year, according to a report by Bank Fee Finder . Sen. Elizabeth Warren (D-Mass.) trolled Chase Bank after the bank's attempt at sharing personal finance advice on Twitter was met with backlash. Read More »

Crude oil mixed, as market deals with Trump remarks

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President Donald Trump saying the Iran nuclear deal was "fatally flawed" because it did not address Iran's ballistic-missile program or Tehran's alleged state sponsorship of terrorism. "I confirm our commitment to meet all these requests (to replace Iranian oil)". Based on what I see now. Sechin, an ally of President Vladimir Putin, says Russian Federation is losing market share to the United States, which is not participating in production cuts and has boosted output to record levels ... Read More »

Streaming service Spotify hits 100 million paid user mark

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The growth was driven, among other things, by "a better-than-planned promotion in the USA and Canada". Looking ahead to Q2, Spotify expects total MAUs of between 222 million and 228 million with its total premium subscriber count reaching between 107 million and 110 million. Read More »

One-Day Amazon Prime Shipping Will Soon Be A Thing

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The company has yet to formally announce this new initiative, and Olsavsky failed to share an exact timeline of its nationwide availability. In order to make this happen, the company is investing US$800 million. "It's hard to see how a new challenger can wrestle business away from the likes of Amazon, Google, and the latest member of the $1tn club, Microsoft". Read More »

Jaguar Land Rover planning to allow owners to earn cryptocurrency

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Drivers could also receive IOTA in exchange for participating in ridesharing schemes. Drivers will be able to use the rewards to pay for coffee, road tolls, parking, and electric charging stations, according to Jaguar . Schiener added that there is no coin for a specific vehicle manufacturer, because they want to establish "one universal token for this machine economy". Read More »

SAS CEO looking at constructive ways to end pilot strike

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SAS has started canceling flights on Monday and Tuesday preemptively, as the airline has not yet reached a resolution with the pilots affected. "We believe the unions have to face reality and resume talks", Torbjoern Lothe at the Norwegian Confederation of Enterprise, an employers' association involved in the negotiations with the unions last week, told Reuters. Read More »

Russia won't immediately raise oil output after Iran waivers end

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Meanwhile, U.S. crude prices have gone up by 3 percent on Monday . The market value of United States drilling companies has increased by billions of dollars, after Washington announced that it will not renew sanctions waivers granted to eight countries allowing them to import oil from Iran. Read More »

Indian Government Plans a Ban on All Cryptocurrencies

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The Indian government has recently started an inter-ministerial consultation as regards a draft bill created to legalise the banning of cryptocurrencies in the country. The apex court had given a four-week deadline to the government to come up with a cryptocurrency regulatory policy. The ET further said that there are recommendations being made to impose a complete ban on "sale, purchase and issuance of all types of cryptocurrency". Read More »

DOJ Investigating Ford's Emissions Testing Process

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The case was set in motion when, last September, some Ford employees advised the company that there appeared to be problems with the mathematical models it used to run emissions and fuel economy tests. Ford in the Friday regulatory filing with the U.S. Securities and Exchange Commission wrote that the "potential concern does not involve the use of defeat devices," like those used in the Volkswagen AG emissions scandal. Read More »

Workplace messaging startup Slack to list on Wall Street

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Slack is the latest in the parade of unicorn tech companies, named such for their $1 billion-plus valuations, to go public this year. Slack's daily active users exceeded 10 million in the three months ended January 31, 2019, with its paid users at about 88,000, the company's regulatory filing showed. Read More »