Markets
Can Facebook restore public trust after privacy scandal?
Mozilla, Tesla and other companies are distancing themselves from Facebook following revelations of a major leak of user data to political consultants associated with the 2016 Trump campaign. He's part of the growing backlash against Facebook this week, after reports of the data misuse against some 50 million profiles . "This is a massive focus for us to make sure we're dialed in for not only... [Full Article...]
Deposit return scheme gets green light
A deposit return scheme sees consumers pay an up-front deposit when they buy a drink, ranging from 8p in Sweden to 22p in Germany, which is redeemed on return of the empty drink container. The UK is considering adopting a Scandinavian-style recycling system in an effort to reduce levels of unnecessary waste. Samantha Harding, of the Campaign to Protect Rural England said: 'This is a brilliant an... [Full Article...]
SoftBank and Saudi Arabia are creating a huge solar power generation project
The massive solar build - equivalent to roughly double the entire global capacity additions seen in 2017 - will cost $200bn, SoftBank CEO Masayoshi Son told reporters in NY, where he unveiled the plans. Saudi Arabia's Public Investment Fund is among the investors of Softbank's USD-100-billion Vision Fund. It is expected that this will help fuel energy production in Saudi Arabia, which will boo... [Full Article...]
Apple iPhone SE 2, Don't Expect it on 27th March
Almost five months after the iPhone X's launch, it's clear that there is some appetite for phones that cost north of $999, and the iPhone X hasn't been a flop by any measure. The price adjustment is not just limited to the iPhone 11 . The cheapening of the smaller iPhone X will lower average sales prices but the analysts think such a move would deliver stronger unit growth, and hence sh... [Full Article...]
The Bedel Financial Consulting Inc. Takes Position in Oracle Co. (ORCL)
Hedge funds and other institutional investors own 57.93% of the company's stock. Eagle Capital Management Llc who had been investing in Wells Fargo & Co for a number of months, seems to be bullish on the $254.82 billion market cap company. Massachusetts-based Rockland has invested 2.55% in AT&T Inc. Fic Cap holds 0.09% of its portfolio in Oracle Corporation (NYSE:ORCL) for 4,850 shares. [Full Article...]
Mozilla is ditching Facebook ads in wake of Cambridge Analytica scandal
Apparently, it was not, and may have been exploited to help Donald Trump's 2016 campaign, including tests of anti-establishment messages such as "deep state" and "drain the swamp". Facebook plans to examine Cambridge Analytica servers to ensure it destroyed the leaked data. Facebook is reviewing how much data was accessed by every app at the social network , and will conduct full forensi... [Full Article...]
USA to investigate fatal Tesla crash, fire in California
Tesla has $230 million in convertible bonds maturing in November 2018 and $920 million in March 2019. As we reported last week , the market will be looking at the Model 3 production, which is a make or break moment for Tesla . The Tesla Model X struck a barrier, flipped into ongoing traffic and was hit by two oncoming vehicles, the California Highway Patrol said on Friday. [Full Article...]
Volkswagen confirms new drop-top version of T-Roc Compact SUV
It now produces the Tiguan and Porsche Cayman as well as the ultra-low-volume XL1 economy auto. Set to go into production in 2020, the new machine is expected to be a niche model with around 20,000 examples built per year. To date, more than 40,000 orders have been taken for the model. The decision to move forward with the T-Roc Cabriolet seems to have been inspires by the Volkswagen Tiguan,... [Full Article...]