Everyone from Elon Musk to Donald Trump wants to send a manned mission to Mars in the not too distant future, but there are quite a few problems that need to be solved before we can achieve that goal. A major one is the issue of energy. Long-term stays on Mars, or anywhere else for […]
A group of investors led by SoftBank Group closed a deal with Uber Technologies on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber. The deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company of […]
Investments in manufacturing, the App Store economy, and 20,000 new employees Apple has announced that it will be contributing $350 billion into the US economy over the next five years, combining both new investments and its existing spending with domestic companies for supply and manufacturing. According to the company’s press release, the investments will concentrate […]
The digital currency plunge has wiped billions from the paper fortune of a cryptocurrency billionaire in just a few weeks. Ripple’s XRP coin has fallen 74 percent from an all-time high of $3.84 hit on Jan. 4, erasing $44 billion from the holdings of Chris Larsen, co-founder and executive chairman of Ripple. With XRP trading […]
Apple runs several shuttle buses to transport its employees from San Francisco down to Cupertino each day, and recently someone has been attacking those shuttle buses, leading to broken windows. An employee who spoke to Mashable said that several shuttles have suffered from broken windows, and on an internal email thread, there was speculation that […]
Bank of America reports adjusted earnings per share of 47 cents, versus expectations of 44 cents from analysts polled by Thomson Reuters. However, adjusted revenue of $21.4 billion falls short of expectations of $21.531 billion. The bank reports a $2.9 billion charge related to the new tax law and a drop in fixed-income trading revenues. Net […]
A female passenger has died hours after a casino boat caught fire off Florida’s Gulf Coast, forcing her and about 50 other passengers and crew to jump into the chilly waters to escape. Regional Medical Center Bayonet Point spokesman Kurt Conover said Monday that the woman died late Sunday, shortly after she arrived at the […]
A Japanese city issued an emergency alert to residents Monday after two people ate potentially dangerous portions of fugu fish that should not have been sold. Five packs of Yorito fugu (blunt head blowfish) were sold at a supermarket located in Gamagori city, in the central Aichi prefecture, by a licensed employee who had not […]
Nestle, the world’s biggest packaged-food company, has cited the unit’s weak position in the United States, where it trails Hershey, Mars Inc and Lindt, as the rationale for a sale. For family-owned Ferrero, the cash deal offers a chance for the Italian company to build scale quickly in that key market, where it has done […]
Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as worries about a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies. Bitcoin’s slide triggered a selloff across the broader cryptocurrency market, with biggest rival Ethereum down 23 percent […]
The idea of getting rich quick appeals to everyone. Unfortunately, while there are folks who can ride a bubble from bottom to top, not everyone profits when the market for something gets overheated. This is not a new phenomenon. If you were awake during history class, you may recall mention of tulpenmanie, which is Dutch for tulip mania. Tulips arrived […]
Four to eight inches of snow are expected across Connecticut as two weather systems come together Tuesday and Wednesday. The National Weather Service issued a winter storm watch Monday afternoon for Tuesday afternoon into Wednesday afternoon. The most severe snow is expected in the state’s northwestern section, where accumulations should range from 4 to 8 […]
