Oil Falls as Russia Is Said to Seek Full Rollback of OPEC+ Cuts

Oil Falls as Russia Is Said to Seek Full Rollback of OPEC+ Cuts

Oil slipped after Russia was said to propose that OPEC and other producers in a global alliance reverse the supply cuts they’ve been making since early last year. Futures in New York dropped as much as 1.3 percent after Russia, which has already started increasing output, was said to suggest that OPEC and its allies […]

Tesla will lay off about 9% of its employees

Tesla will lay off about 9% of its employees

Tesla CEO Elon Musk said the company had developed redundancies in some job functions that were no longer necessary. Chris Pizzello / AP Tesla will lay off about 9% of its employees beginning this week, CEO Elon Musk said on Tuesday. Musk posted an email he sent to Tesla employees on Twitter after the email […]

The Net Neutrality Repeal Is Official. Here’s How That Could Affect You.

The Net Neutrality Repeal Is Official. Here’s How That Could Affect You.

PAID PRIORITIZATION Service providers could not create an internet fast lane for companies and consumers who paid premiums, and a slow lane for those who didn’t. What’s everyone worried about? Many consumer advocates argued that once the rules were scrapped, broadband providers would begin selling the internet in bundles, not unlike cable television packages. Want […]

Bitcoin Falls Sharply After Another Cryptocurrency Exchange Is Hacked

Bitcoin Falls Sharply After Another Cryptocurrency Exchange Is Hacked

June 10, 2018 9:38 p.m. ET A South Korean cryptocurrency exchange said it suffered a “cyberintrusion,” prompting bitcoin prices to fall sharply toward year lows. Bitcoin dropped more than 10% over the weekend, falling below $6,700, according to research site CoinDesk. The largest cryptocurrency has lost more than half its value this year, falling by […]

Swiss Reject Radical Sovereign Money Proposal

Swiss Reject Radical Sovereign Money Proposal

Swiss voters dismissed a radical proposal to overturn one of the financial system’s core tenets. The so-called sovereign money initiative, or “Vollgeld,” would have ended the system of fractional reserve banking that’s been around for centuries by allowing only the Swiss National Bank to “create” money. But 75 percent of voters rejected the measure, according […]

Tyson recalls frozen breaded chicken due to contamination risk

Tyson recalls frozen breaded chicken due to contamination risk

Tyson recalls frozen breaded chicken due to contamination risk  Tribune-Review Tyson Foods recalls breaded chicken products over plastic contamination concerns  KARE11.com Tyson recalls 3000 lbs of breaded chicken due to plastic contamination  fox6now.com Full coverage Source link

This Technology Can Suck Carbon Dioxide From Air, Transform It Into Fuel

This Technology Can Suck Carbon Dioxide From Air, Transform It Into Fuel

Carbon dioxide is one of the biggest contributors to global warming. The gas traps intense solar heat into our atmosphere and drives the pressing concern of climate change, something that can have a devastating effect not only on human life but also on flora and fauna on our planet. It is produced from human respiration, […]

Kia recalls more than 500,000 vehicles — air bag may not inflate

Kia recalls more than 500,000 vehicles — air bag may not inflate

DETROIT – Kia is recalling over a half-million vehicles in the U.S. because the air bags may not work in a crash. Combined with a previous recall expansion by Hyundai, the affiliated automakers are recalling nearly 1.1 million vehicles due to the problem, which has been linked to four deaths. The moves by both Korean […]

Amazon-Berkshire-JPMorgan health CEO won’t be Geisinger’s Feinberg

Amazon-Berkshire-JPMorgan health CEO won’t be Geisinger’s Feinberg

Update: Following the publication of this article, Feinberg made clear that he is staying at Geisinger Health. David Feinberg, the CEO of Pennsylvania-based health system Geisinger Health System, has told CNBC that he will remain with the firm. Feinberg was at one point the top candidate in discussions to lead the Amazon-Berkshire-JPMorgan joint venture to […]