Markets

Crypto Trading App Robinhood Raises $363M USD In Series D Funding

Crypto Trading App Robinhood Raises $363M USD In Series D Funding Robinhood stock trading app has raised 363 million dollars in a series D funding round for them to expand their crypto trading platform called Robinhood Crypto . Currently, Robinhood's crypto trading app allows users to trade Bitcoin and Ethereum while supporting the tracking of 16 different currencies. "We expect by the end of the year to be either the largest or one of the largest crypto ... [Full Article...]

Starbucks bathrooms to be 'open for all' following Philadelphia arrests

Starbucks bathrooms to be 'open for all' following Philadelphia arrests The Seattle-based coffeehouse chain has been under the microscope since the April incident in which two black men were arrested for trespassing while sitting in the cafe without making a purchase. "We can all remember with horror and shame what we witnessed as Americans in watching Trayvon Martin and Eric Garner and others be murdered", he said. [Full Article...]

AT&T, Novartis Paid Cohen To Get Insights Into Trump's Thinking

AT&T, Novartis Paid Cohen To Get Insights Into Trump's Thinking Reuters obtained the memo Friday morning. According to the documents, Cohen's Essential Consultants firm would work with AT&T to "address political and communications related issues facing AT&T ". The latter also paid Essential Consultants. He denies any encounter took place. The internal AT&T documents show that Cohen was supposed to spend half of his time on "legislative policy devel... [Full Article...]

Npower hikes energy bills for one million customers by 5.3%

Npower hikes energy bills for one million customers by 5.3% Simon Stacey, managing director, domestic markets at Npower, said: "Announcing this price change today isn't a decision we've taken lightly". The Big Six supplier said the price rise "largely stems from increases in policy and wholesale energy costs". [Full Article...]

Symantec (SYMC) Releases FY19 Earnings Guidance

Symantec (SYMC) Releases FY19 Earnings Guidance Several analysts have recently weighed in on the stock. SYMC reached $29.18 during the last trading session after $0.43 change.Currently Symantec Corporation is downtrending after 16.28% change in last May 11, 2017. On a non-GAAP basis, revenue increased to $1.23 billion, up 4.9 percent from $1.18 billion previous year. Also, EVP Francis C. Rosch sold 51,899 shares of the company's stock in ... [Full Article...]

Barclays boss Jes Staley fined £642000 for 'conduct breach'

Barclays boss Jes Staley fined £642000 for 'conduct breach' The regulators said the fine is only 10 percent of his overall pay package. The issue dates back to June 2016, when members of the Barclays board received anonymous letters raising concerns about a senior employee who had been recruited by the bank earlier that year. [Full Article...]

Audi Wants to Sell 800000 Electrified Vehicles Annually by 2025

Audi Wants to Sell 800000 Electrified Vehicles Annually by 2025 The company envisages having an electrified variant of each model with a smaller proportion as plug-in hybrids by next decade. Audi's first fully electric volume model, the Audi e-tron SUV will have its world premiere at the Audi Summit in Brussels on August 30, this year. [Full Article...]

Boston Dynamics' robots are conquering the indoors and outdoors

Boston Dynamics' robots are conquering the indoors and outdoors The SpotMini robot is much smaller than Atlas , weighing in at a mere 25kg, and can pick up and handle items using a metal arm and built-in sensors. Boston Dynamics , an offshoot of the Massachusetts Institute of Technology (MIT), said it aims to build machines that "break boundaries and work in the real world". [Full Article...]

Elon Musk says first Boring Company tunnel in LA near completion

Elon Musk says first Boring Company tunnel in LA near completion The 305-feet " Loop " tunnel that reportedly has an entrance in SpaceX's parking lot in Hawthorne is nearly done. The tunnels will also eventually support cars being transported, though Musk in March said The Boring Company , as well as a Hyperloop venture he's also planning, will prioritize pedestrians and cyclists first. [Full Article...]

AT&T confirms it paid Michael Cohen for consulting on Time Warner deal

AT&T confirms it paid Michael Cohen for consulting on Time Warner deal Columbus Nova, which is described in a document filed with the Securities and Exchange Commission as Renova's U.S. affiliate, "hired Michael Cohen as a business consultant" after the inauguration, Richard Owens, an attorney for the company, said in a statement on Tuesday. [Full Article...]

Canada job growth stalls even with fastest wage gains since 2012

Canada job growth stalls even with fastest wage gains since 2012 Statistics Canada reports our jobless rate for April 2018 was 5.9 per cent, up from 5.1 per cent in March. The numbers fit a pattern over the past four months that indicate a labour market hitting capacity - with the labour force stalling and employees seeing larger wage gains. [Full Article...]

Oil near multi-year highs as Iran sanctions tighten supply outlook

Oil near multi-year highs as Iran sanctions tighten supply outlook Meanwhile, SA has become dependent on Iranian oil and the two countries are determined to cement ties. Sputnik: The US Treasury Department vowed to hinder Iran's sales of crude oil by imposing new sanctions on Tehran; do you think this will make any difference given that other signatories of the deal do not intend to follow US lead, or re-impose any restrictive measures on Iran? S&P Global P... [Full Article...]

London Underground to consider ban on junk food adverts

London Underground to consider ban on junk food adverts The aim of the London Food Strategy is to reduce the level of child obesity in the capital by 2028, and it will now be subject to a consultation. The Mayor of London has set out a new environment strategy to make the capital the greenest city in the world by 2050. [Full Article...]

Crypto exchange Upbit raided on fraud allegations

Crypto exchange Upbit raided on fraud allegations Although reports seem to conflict as to the precise nature of the fraud, it appears that police suspect UPbit has deceived investors with regard to their funds. "All the services of Upbit are operating normally and the traders' assets are securely stored in your account, so we ask our customers to be at ease using our service". [Full Article...]

Nine Inch Nails reveals details of new EP and U.S. tour dates

Nine Inch Nails reveals details of new EP and U.S. tour dates Joining Nine Inch Nails on the tour will be The Jesus and Mary Chain . The concert series will also feature guest performances by The Jesus and Mary Chain. In order to cut down on the second-hand ticket market, Nine Inch Nails are eschewing the standard online pre-sale in favor of an in-person pre-sale. [Full Article...]

Oil could hit $100 a barrel in 2019: Bank of America

Oil could hit $100 a barrel in 2019: Bank of America London/Dubai: Opec is in no hurry to decide whether to pump more oil to make up for an expected drop in exports from Iran after the imposition of new United States sanctions, four sources familiar with the issue said, saying any loss in supply would take time. [Full Article...]

After cold hits economy, UK central bank keeps rates steady

After cold hits economy, UK central bank keeps rates steady Governor Mark Carney said the Bank believed the "underlying pace of growth remains more resilient than the headline data suggest". Citing reasons for holding Bank Rate, the MPC noted that GDP growth fell to 0.1% in Q1 and that economic activity is "little changed". [Full Article...]

Nvidia reaches new record for revenues, EPS in Q1

Nvidia reaches new record for revenues, EPS in Q1 Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker's stock valued at $1,389,500,000 after buying an additional 512,166 shares in the last quarter. The Santa Clara, Calif. -based company delivered a Q1 net income of $1.2 billion, or $1.98 per share. Following the completion of the transaction, the director now owns 20,963 shares of the company's stock, valued at... [Full Article...]

FCC Drops $120M Fine on 'Kingpin of Robocalling'

FCC Drops $120M Fine on 'Kingpin of Robocalling' The decision keeps intact the proposed penalty floated in June 2017 after Abramovich allegedly flooded consumers with 96 million unlawful robocalls in three months. A recent report by Hiya, a call-blocking service, found that Americans received 4.9 billion robocalls in just the first three months of 2018. In fact, TripAdvisor was the one that reported the operation and the one that figured out the... [Full Article...]

NEW WestJet Pilots Vote 91% in Favour of Strike Action

NEW WestJet Pilots Vote 91% in Favour of Strike Action WestJet pilots have committed to not disrupting passenger travel plans over the Victoria Day long weekend despite voting overwhelmingly to give its union a strike mandate. Nearly no one wants to see a major strike by Canadian airline pilots, a move that would be bad for not only WestJet and for consumers but also for travel agents and others in the business. [Full Article...]


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