Thursday, November 26, 2020
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Speculation is mounting that Apple will move some iPad and MacBook manufacturing out of China to Vietnam due to the ongoing US-China trade war. At the request of Apple Inc, Foxconn, a major Apple contractor that produces many of the company’s iPhones in Zhengzhou China will move, apparently in the first half of 2021, Reuters reported Thursday. It is unclear which iPad...
Equipped with trays and a digital screen featuring a cat's snout, this cat-like robot not only miaows when touched, but also helps waiters in a Moscow restaurant perform contactless service to customers. "Robot allows us to deliver big orders, said a waiter Elvis”. “Therefore, waiters have more time to talk to clients or help other guests. It helps to bring...
With the increasing number of coronavirus cases in the U.S, followed by persistent layoffs, diminished income and nervous consumers, the U.S economy is under great pressure and faces many threats. New data released Wednesday showed that the spread of the virus is intensifying the threats to an economy still struggling to recover from the pandemic. The number of Americans who filed...
Elon Musk’s personal wealth seems to be flying like a rocket despite the pandemic. Musk, who ranked 35th on the Bloomberg Billionaires Index in January this year, has suddenly surpassed Bill Gates to become the second richest man in the whole world! He stands only behind Amazon's CEO Jeff Bezos, according to Bloomberg's latest ranking of Billionaires. The 49-year-old Tesla CEO...
A Belgian computer security researcher has exposed vulnerability in Tesla’s model X that can allow a hacker easily steal the electric vehicle with a smartphone. Lennert Wouters from KU Leuven university in Belgium told Wired that he found a way to break into a Model X with the vehicle identification number displayed on the dashboard. "The system has everything it needs to be secure," Wouters...
Employees of GoDaddy, the world’s largest domain name registrar, accidentally helped hackers last week to redirect emails and web traffic of some targeted cryptocurrency websites, Krebs on Security reported. Two of the affected websites Liquid and NiceHash, confirmed the separate attacks which reportedly happened in just few days apart. “A domain hosting provider ‘GoDaddy’ that manages one of our core domain names incorrectly transferred...
A former Professor of Economics and International Finance at the University of Michigan, John Hussman, has warned of looming ‘substantial losses’ in the next 12 years even for a well-diversified investor. "Oh, man. The unwinding of this bubble is going to be painful", said John Hussman who is now the president and principal shareholder of Hussman Econometrics Advisors, the investment...
It is easy to think that baby boomers - people born from 1946 to1964 during the post–World War II baby boom already have good investments and are now without debts having paid them off long ago. Well, Experian’s 2020 State of Credit report paints a different picture. The report shows that Baby boomers have become the generation with the fastest growing debt load. Unlike millennials...
A New York state judge has ordered pharmaceutical giant Johnson & Johnson to pay $120 million in damages to a Brooklyn couple, after the woman blamed her cancer on asbestos exposure from using the company’s baby powder. According to Reuters, Justice Gerald Lebovits of the state Supreme Court in Manhattan reduced the amount on Wednesday from the $325 million a...
A new report released Friday by the U.S. Government Accountability Office commissioned by Sen. Bernie Sanders, revealed that employees of Walmart and McDonald’s are the highest number of workers who receive aid from federal assistance programs such as food stamps and Medicaid. The Watchdog said they analyzed data from the Census Bureau, and from 15 state agencies across 11 states...
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