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...]

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...]

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...]

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...]

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...]

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...]

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...]

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...]

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...]