Economy

Facebook allowed children to spend their parents' money without permission

Facebook allowed children to spend their parents' money without permission The documents come from 2010-2014 and demonstrate that Facebook was well aware of kids were playing simple games such as Angry Birds and purchasing virtual items without their parents' knowledge. Despite this obvious solution, Facebook decided that it would harm revenue and elected to continue fighting refund requests for the foreseeable future, the documents show. [Full Article...]

U,S, crude price rises, boosted by Venezuela turmoil

U,S, crude price rises, boosted by Venezuela turmoil Diplomatic relations between USA and Venezuela have hit a new low over President Donald Trump's decision to recognize the leader of the South American country's opposition as its legitimate president. Oil climbed as growing instability in Venezuela outweighed fresh reminders of the American shale boom. The output surge has swollen USA fuel stocks, and crude inventories rose by 8 million barr... [Full Article...]

Hulu responds to Netflix price hike with a rate cut

Hulu responds to Netflix price hike with a rate cut Disney is launching its own streaming service in 2019 in a challenge to Netflix's dominance. Hulu also expanded its on-demand library to more than 85,000 episodes in 2018, adding more current series to its roster including The Good Doctor, Killing Eve, The Orville, Superstore and Grown-ish. [Full Article...]

BuzzFeed cutting 15 percent of jobs

BuzzFeed cutting 15 percent of jobs Dozens of BuzzFeed employees have taken to Twitter to share their reactions to the news around 220 staff will be made redundant. It is unclear whether the BuzzFeed cuts will affect the United Kingdom arm of the company , which was founded in 2013, and laid off a third of its editorial staff in cuts a year ago. [Full Article...]

CBOE Withdraws Bitcoin ETF Application

CBOE Withdraws Bitcoin ETF Application A final decision was required by February 27, since that is the maximum time the SEC can delay the decision. After the announcement, the price of Bitcoin dipped. However, this news does mean that the likelihood of Bitcoin ETF approval in 2019 has decreased and we are unlikely to hear about an approval decision until at least late 2019 or early 2020. [Full Article...]

Unemployment rate dips to 5% as part-time jobs grow

Unemployment rate dips to 5% as part-time jobs grow The national participation rate is 65.6 per cent. MA and NY created more than 100,000 jobs, and Arizona and Georgia were just shy at 99,343 and 99,340, respectively. The unemployment rate remained steady at 5 .0%. The trend is adjusted for seasonal and random variations and is considered a more meaningful measurement of unemployment, according to the agency. [Full Article...]

Effect of government shutdown felt in Meridian

Effect of government shutdown felt in Meridian The number of Transportation Security Administration workers calling in sick amid the federal shutdown has reached almost 8 percent, the agency said Tuesday. During the shutdown TSA agents have gone without payment, which means airport security is at the mercy of employees showing up merely out of a sense of duty (and a fear of being fired). [Full Article...]

Sweethearts candy hearts won't be available for Valentine's Day 2019

Sweethearts candy hearts won't be available for Valentine's Day 2019 In a bid to save two nostalgic brands, Spangler Candy Co., which makes Dum Dums lollipops, snapped up the rights to Sweethearts and Necco Wafers. In a series of events that must be driving the boardroom at Spangler bananas, the company reportedly didn't have enough lead time to start making the 8 billion conversation hearts it would need to properly celebrate Valentine's Day 2019. [Full Article...]

Ocasio-Cortez Rips WaPo Fact Checker on Twitter After Receiving Three Pinocchios

Ocasio-Cortez Rips WaPo Fact Checker on Twitter After Receiving Three Pinocchios Kamala Harris, who has officially declared her candidacy in 2020, unveiled a plan to partially replace President Trump's tax law with legislation that would give qualifying middle- and lower-income households free cash. She then stated that voting is similar in the sense that you don't see immediate results. "She may not win the next two presidential elections but there is a swing to socia... [Full Article...]

Brazil dam disaster: Seven dead, 150 missing

Brazil dam disaster: Seven dead, 150 missing A structure is in ruins after a dam collapsed near Brumadinho, Brazil , Friday, Jan. 25, 2019. Seven bodies had been recovered by late Friday, according to a statement from the governor's office of Minas Gerais state. Brazil's new right-wing President Jair Bolsonaro will visit the region on Saturday, his chief spokesman said. Former environmental minister and presidential candidate Marina... [Full Article...]

Walmart to pay drivers almost $90,000, and company's hiring

Walmart to pay drivers almost $90,000, and company's hiring US retail giant Walmart is looking to add more domestic workers to drive its fleet of trucks amid a nationwide shortage. The company said they hired 1,400 new drivers in 2018 and plan to hire "hundreds" more this year. The company also promised a new hiring process described as faster, cutting the orientation time in half. Now, Walmart drivers in the state will be paid up to $1 every time th... [Full Article...]

Renault to name new boss as Carlos Ghosn quits

Renault to name new boss as Carlos Ghosn quits Carlos Ghosn has resigned from French carmaker Renault , French finance minister Bruno Le Maire told Bloomberg Television in an interview at the World Economic Forum in Davos. Both men deny the deferred pay agreements were illegal or required disclosure. Senard is now CEO of Michelin, and will remain in that position until his contract expires in May 2019. [Full Article...]

Gold Medal bags of flour recalled over salmonella fears

Gold Medal bags of flour recalled over salmonella fears No other General Mills products, including different-sized bags of Gold Medal Flour or other " better if used by dates ", are impacted by the recall. General Mills says all other types of Gold Medal Flour are not affected. Salmonella causes "about 1.2 million illnesses, 23,000 hospitalizations, and 450 deaths in the United States every year", according to the Centers for Disease Control and... [Full Article...]

Huawei sales surge despite problems in some Western countries

Huawei sales surge despite problems in some Western countries The world's biggest producer of telecommunications equipment said its consumer business grew around 50 per cent a year ago to US$52 billion (S$71 billion), with 206 million smartphones shipped. "I believe at the earliest this year, and next year at the latest", Mr. Yu continued. Huawei chief finance officer Meng Wanzhou was also arrested in Canada in December on allegations of violating U.S. [Full Article...]

USA orders non-emergency embassy staff to leave Venezuela

USA orders non-emergency embassy staff to leave Venezuela United States national security adviser John Bolton said the USA would cut the cash Mr Maduro receives and allocate it to Mr Guaido instead. "What do we do if there is a bloody crackdown?" said Roger Noriega, former USA assistant secretary of state for the Western Hemisphere under President George W. [Full Article...]

Family booted from flight after passengers complained of body odour

Family booted from flight after passengers complained of body odour Because of what happened to them, Jennie shared that she has stopped people and asked them if they smelled bad. "I want them to own up to what really happened and to tell me the truth", said Mr Adler. Instead the couple and their child were left without their clothes, vehicle seat or stroller. The Adlers were rebooked for a flight home to Detroit on Thursday. [Full Article...]

Microsoft's Bing search engine blocked in China

Microsoft's Bing search engine blocked in China Microsoft, which recently overtook Apple as the world's most valuable company, has encountered problems in China before. Fang accused Baidu, the dominant Chinese search engine in the country, of replacing many recommended web links and products with its own, thus becoming more of a marketing platform than a search engine. [Full Article...]

Airline unions see ‘unprecedented’ threat to traveler safety from shutdown

Airline unions see ‘unprecedented’ threat to traveler safety from shutdown Some arriving flights are also being delayed; the FAA reports an average of 41 minute delays for LaGuardia-bound flights out of Newark International Airport and Philadelphia International Airport. House Speaker Nancy Pelosi tweeted that the shutdown was "pushing our airspace to the breaking point". TSA staff are taking sick leave in record numbers since the partial government shutdown forced t... [Full Article...]

Venezuela to close its USA embassy, consulates: Maduro

Venezuela to close its USA embassy, consulates: Maduro The father of the opposition leader who has declared himself the rightful leader of Venezuela has called for the all-powerful military to drop their allegiance to President Maduro . He then tapped Guaido, serving his first full term as a lawmaker, who rose to the helm of their party in Venezuela after eight more senior politicians sitting on Popular Will's national board were exiled since 2014. [Full Article...]

Brexit backer Dyson moves head office from United Kingdom to Singapore

Brexit backer Dyson moves head office from United Kingdom to Singapore Rowan said moving to Singapore was part of "the evolution" of the company. Sir James, who retains full ownership of the company, has been a vocal proponent of the United Kingdom leaving the European Union for years, and will split his time between the United Kingdom and Singapore. [Full Article...]


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