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You are here: Home / Archives for Business

Bitcoin Drops below $7,000 Dragging Down Other Cryptocurrencies

February 7, 2018 Posted by Amelia Donovan

Man holding round Bitcoin in hand

Bitcoin has just dropped below the $7,000 mark after the fifth straight day of losses, dragging down the value of other cryptocurrencies in the process. It is the first time since November, that bitcoin hits such low level. The losses are caused by the governments’ clampdown on the cryptocurrency markets amid a speculative frenzy that pushed the value of the digital coins to artificial heights … [Read more...]

Filed Under: Business

Labor Dept: U.S. Employers Add 200,000 Jobs in January

February 4, 2018 Posted by Amelia Donovan

U.S. job seekers filling in questionnaires

In January, the U.S. workforce grew by 200,000 more jobs, which beats previous expectations, according to a Labor Department report. Analysts think the trend a strong start for this year amid hopes that a Republican tax law would boost even more the job growth. According to the Labor Department, the unemployment rate stood at 4.1 percent in January, for the fourth consecutive month. The lowest … [Read more...]

Filed Under: Business

New York Investigating Firm that Sells Phony Twitter Followers

January 29, 2018 Posted by Amelia Donovan

ESA's Hubble Space Celebrating 100,000 Twitter Followers

New York authorities said they launched a probe into the activity of a shady company called Devumi which is accused of selling millions of nonexistent followers to Twitter users. Impersonation and deception are illegal under New York law, said the state’s chief prosecutor Eric Schneiderman. The company has allegedly built the fake personas based on real people’s identities. While the firm … [Read more...]

Filed Under: Business, National News

U.S. Launching Second Probe into Tesla Autopilot Accident

January 25, 2018 Posted by Amelia Donovan

Black Tesla car

On Thursday, the U.S. National Highway Traffic Safety Administration (NHTSA) announced that it was deploying a team of investigators to the crash site where a Tesla car on autopilot mode crashed Monday into a stationary fire truck in California. On Tuesday, the National Transportation Safety Board (NTSB) announced a similar probe into the incident. NTSB’s team of two investigators is especially … [Read more...]

Filed Under: Business

Oxfam: 80% of World’s Fortune Now Held by Its Richest 1%

January 22, 2018 Posted by Amelia Donovan

Poor Indian Woman and Newborn

According to an Oxfam analysis, 80% of world’s wealth is now held by the planets richest 1%. In other words, 42 people in the super-rich club own as much as the world’s less fortunate 3.7 billion. Oxfam’s CEO Mark Goldring said that it must be something “very wrong with a global economy” that enables 1% of the global population to have a combined fortune that matches the wealth of the world’s … [Read more...]

Filed Under: Business

Man Turned Away at the Airport for Wearing too Many Clothes

January 17, 2018 Posted by Amelia Donovan

Man wearing too many clothes

There are some hacks to dodge paying the excess luggage fee before a flight like cramming all your personal items in a carry-on bag or just mail the extra clothes to the place of destination. However, a British Airways passenger took things to a whole different level when he decided to wear 10 layers of clothing to avoid airport fees. Ryan Carney Williams complained that he was booted … [Read more...]

Filed Under: Business

CVS to Ditch Photoshopped Photos for Its Beauty Products

January 16, 2018 Posted by Amelia Donovan

Lipstick ad

CVS announced that it will stop using “materially” airbrushed images of models promoting beauty products at its locations and online store. The pharmacy chain wants women to have a realistic body image and no longer worry about their skin not being perfect or smooth enough. The company unveiled the new policy on Monday.  We will not digitally alter or change a person’s shape, size, proportion, … [Read more...]

Filed Under: Business

Airbnb Promoting ‘S**Hole Countries’ via $100K Ad Campaign

January 15, 2018 Posted by Amelia Donovan

Airbnb app

Airbnb has recently unveiled a $100,000 campaign promoting third world countries that the United States President had presented as “shithole” countries. The company explained that the ad campaign is designed to boost tourism in countries like El Salvador, Haiti, and African countries. Last week, Trump described such countries as “shitholes,” leaving the world speechless. The U.S.-based … [Read more...]

Filed Under: Business

Regulator Rejects Trump Admin’s Proposal to Save Coal and Nuclear Plants

January 9, 2018 Posted by Amelia Donovan

Coal-based power plant

In a surprise move, the Federal Energy Regulatory Commission dismissed Energy Secretary Rick Perry’s proposal to pour more money into coal and nuclear plants. On Monday, all five members of the FERC, of whom four were appointed by President Trump himself, argued that the proponents of the new request to hike energy payments had failed to demonstrate that current electricity sources are not … [Read more...]

Filed Under: Business

Intel Claims There’s No Link Between CPU Security Flaw and CEO’s $39M Share Sale

January 6, 2018 Posted by Amelia Donovan

Intel logo outside Robert Noyce Building

Intel has recently said that the timing between the disclosure of a serious security flaw that affects nearly all of its CPUs and CEO Bryan Krzanich’s recent $39 million stock sale is purely “coincidental”. However, the company’s recent efforts to downplay the news about the security flaws and Krzanich’s move can only make people more concerned about how bad the situation really is. One … [Read more...]

Filed Under: Business

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Just 23% of Americans Are Working Out Enough in Their Spare Time

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