Given that the world is full of hunger, volatile food prices, and social unrest, a pair of recent MIT Sloan Business School graduates have launched a mobile application called Spoiler Alert to make it quick and easy for companies to sell or donate millions of tons of surplus food.
Oregon Commissioner of Insurance Laura N. Cali has approved premium rate increases of 25 percent for the Moda Health Plan and 33 percent for LifeWise in 2016. Due to Obamacare’s radical plan design and high utilization costs, skyrocketing American healthcare costs are becoming the norm–and will be a top issue in 2016 elections.
Promising to reverse a stock market crash over the last 14 trading days that has been worse than the US crash in October 2008, China’s state-owned banks, stock brokers, and fund managers committed $200 billion to rescue stock prices over the weekend.
Greek voters headed to the polls Sunday to decide their country’s cooperation with the terms of an international bailout. The truth is that Greece has actually been in default of its debt obligations for more than half of the last two centuries.
China’s Shanghai stock market suffered another -6 percent crash on Friday to cap its worst three-week decline since 1992. With Chinese stock down by a third since its June peak, the “Red Dragon” may be facing a weekend similar to
Global venture capitalists invested $56.31 billion in 4,894 deals during the first half of 2015–the lowest number of deals recorded by the Pitchbook blog over a six month period in the last 25 years. The major reason for a smaller number of companies being funded is that venture capitalists are throwing huge amounts of money at a small number of “unicorns.”
China’s Communist Party People’s Congress recently passed a sweeping national-security law that directs the People’s Liberation Army to expand the military’s offshore presence to protect China’s “overseas interests” and to support counterterrorism at home, according to Xinhua, China’s state-run news agency.
When it comes to fighting hydraulic fracking for oil and gas, California’s muscular environmental movement has gone zero-for-five over the last two years against Governor Jerry Brown. The bloodied green leadership on Tuesday again called on Brown to halt plans for new hydraulic fracturing in the waters off Southern California.
Former California State Senator and top gun control advocate Leland Yee pleaded guilty Wednesday to public corruption. Still facing allegations of weapons trafficking, money laundering, murder-for-hire, and drug distribution, Yee’s plea deal seems to indicate that he is ready to “rat out” an even wider group of Bay Area and Sacramento conspirators.
International reserves, which measure global savings available for financial market investment, have fallen twice this century: once in the first quarter of 2009, and once in the fourth quarter of 2014. That most recent reserve drop is causing some analysts to warn that conditions for a crash may be building.
China’s leading Shanghai Index officially entered a “Bear Market” this week, with stocks, plunging over 20 percent since their mid-June high.
Uber Europe GM Pierre-Dimitri Gore-Coty and Uber France CEO Thibaud Simphal were both taken into custody Monday in Paris according to AFP News. The police started an investigation of Uber in November 2014 and raided their Paris offices in March. But the arrests came after Paris police failed to intervene last week as French taxi union thugs trashed Uber cars and threatened passengers.
Apple premiered its paid streaming music service at 8:am this morning featuring an industry standard $10 per month on-demand content, curated playlists, and global radio station “Beats One.” The only disruptive shocker in the launch is the $15 per month “family
Americans do not need to worry about the financial travails of Greece, we have our own debt crisis in Puerto Rico. Prices of the U.S. territory’s general obligations bonds that were issued in March of last year fell to 70 cents on the dollar after Democrat Governor Alejandro Garcia Padilla said investors should be “prepared to sacrifice” being paid back if they want the insolvent island’s economy to grow.
Greece announced a six day bank and stock market holiday on Sunday after long lines of their citizens queued up over the weekend to drain all their savings at ATMs.
Following the April launch of an European Union regulatory investigation of biased Google search results to favor its own products , Yelp commissioned a study to determine if Google engages in any predatory actions that hurt users.
An unmanned SpaceX Falcon 9 rocket traveling at 2,900 mph, about 27 miles above the earth disintegrated 2 minutes and 19 seconds into its flight from Cape Canaveral to the International Space Station. It was a severe blow to NASA,
There was a long line of advocates claiming responsibility for same-sex marriage’s victory at the Supreme Court on Friday, but a key driver was the support two years ago from 278 mostly multi-national tech companies that included Apple, Facebook, Google, Microsoft, Amazon, Cisco, eBay, Electronic Arts, Intel, Intuit, Oracle, Twitter and Zynga.
The irrepressible Sean Parker took to the Wall Street Journal editorial pages to announce that after building a $2.8 billion fortune, mostly from stealing music and selling peoples’ deepest secrets to marketers, he wants to reinvent his public reputation from that of a greedy loud-mouthed hacker to an old money philanthropist.
With the revelations of data snooping and privacy violations by government agencies, clandestine hacker groups and supposedly trusted telecommunications companies accelerating, a new report suggests Generation Y, 18 to 34 year olds, is starting to have “buyer’s remorse” regarding the amount of social media accounts into which they’ve poured the intimate details of their lives.
Just nine months after Alibaba (BABA-NYSE) raised $25 billion in the largest-ever U.S.-listed initial public offering (IPO), the Chinese dominant e-commerce shopping search engine, electronic payment service and cloud computing company is coming to Hollywood.
On the heels of Apple Music’s $9.99 streaming service getting the bodyslam from a 99-pounder named Taylor Swift, Google has just rolled out “Play Music,” which will offer a free, ad-supported streaming music service. Combined with their “All Access” subscription product released in May, Google appears positioned to crush both Spotify and Apple Music.
Buried under “crippling local government and corporate debt”, the Red Dragon’s current debt restructuring plan amounts to “little more than creative financial-engineering.” Lombard believes that China still has the ability address the nation’s debt-bomb, but the fuse is now burning.
Marketing company Turn Inc. of Redwood City has been sued in what looks to be a huge mass tort lawsuit alleging a conspiracy with telecommunications giant Verizon Wireless to engage in undisclosed tracking and storing of Internet browsing histories.
It took just 12 hours for Taylor Swift to crush the most powerful brand on the planet by taking to Tumblr to accuse Apple’s post-Steve Jobs management of being greedy corporate scum trying to cheat artists out of their royalties in the launch of Apple Music.