Monday, August 19, 2019
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A lingering trade war between two of the world’s largest economies - the U.S and China, and a deteriorating global growth outlook have left investors apprehensive about a possible recession.Here are three of the recession signals that investors and recession watchers are seeing: The Yield Curve A yield curve can be used to gauge the direction of the economy. It is...
SoftBank is planning to lend $20 billion to its employees, including the CEO Masayoshi Son, with the hope that the employees will reinvest the capital in SoftBank. This according to them, is their Second Vision Fund, the Wall Street Journal (WSJ) reported. The CEO could get more than half of the $20 billion, according to sources. WSJ said the...
Apple filed a lawsuit suit on Thursday in the Southern District of Florida Florida against Corellium - a company that creates virtual versions of Apple's operating system, iOS, within a web browser so people can test it for security flaws.In the suit, Apple alleged that Corellium's replication of iOS constitutes copyright infringement."Corellium's business is based entirely on commercializing the...
Figures released on Thursday by Walmart calmed investors worried the US economy could fall into a recession.Sales at many of Walmart’s US stores increased by 2.8% during second quarter 2019 compared with the same quarter last year, signaling continued positive outlook.In the last fiscal year, Walmart reported the highest annual growth rate in a decade. It generated $514.4 billion...
Macy's, the largest U.S. department store operator, has lost nearly 60% of its stock market value this year.The Cincinnati, Ohio-based retailer's stock declined as much as 18% on Wednesday, after cutting its 2019 adjusted profit in addition to huge markdowns on products.Macy's reported a very unimpressive 0.3% increase in second-quarter comparable sales, including licensed departments.  They have continued to lose...
All your internet-connected devices – phone speakers, computer, and other devices connected to internet can be hacked and used to wreak havoc on your eardrum, new research shows.According to Wired, a cybersecurity research by Matt Wixey at the technology consulting firm PWC UK, revealed that everyday speakers can be infected with malware that makes them emit dangerously high or...
Verizon is finally ‘offloading its unprofitable’ blogging site Tumblr to WordPress owner Automattic Inc, the company announced on Monday.Verizon had reportedly been looking for a buyer the past three months as part of ongoing restructuring of its media businesses which includes HuffPost, AOL, and TechCrunch, among others.Verizon, formerly known as Oath Inc, first acquired Tumblr in 2017 after it...
Facebook is currently in talks with some news publishers, offering them “millions of dollars” to obtain rights to publish their material on its site, according to multiple media sources.The recent move comes after years of criticisms over Facebook’s monopolization of online advertising while the news industry struggle.According to a report by the Wall Street Journal, Facebook’s representatives recently told...
Former head of the UK civil service, Lord Kerslake, has warned that British pound will continue to fall in value and could reach parity with the dollar for the first time in history if there is no Brexit deal.Lord Kerslake, who was the head of UK civil service 2012 - 2014, told Business Insider that the British pound could...
Apple has built a fortress around the iPhone, making iOS devices arguably the most locked-down devices accessible to millions of people.Apple blocked all loopholes such that even well-intentioned security researchers find it extremely hard dig into their internals.And now Apple is taking a step further by distributing a more hacker-friendly iPhone to its favorite researchers, letting them hack the phone on...

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