Markets
Parents aren't calling their babies Alexa as much since Amazon's Alexa launched
Amazon CEO Jeff Bezos previously stated that he was inspired to have the name Alexa for the Echo after seeing a talking computer going by the same name in an episode of Star Trek. Apple's Siri intelligent assistant has had the same effect on the popularity of the name for baby girls. It first broke into the top 100 in 1994, and had been ranked 61 or higher since 2006. [Full Article...]
AAA Michigan: Statewide average gas prices up 7 cents
Grant said even though gas prices are at their highest level in 4 years, they're still far lower than in 2008, when they hovered around 4 dollars a gallon. The highest was about $2.97 in the Ann Arbor area. As of Sunday afternoon, the Colorado average was $2.72 a gallon, which is the cheapest in the Rockies region. [Full Article...]
Chipotle Manager Accused of Stealing $626 Gets $8M
Jeanette Ortiz was accused in 2015 of stealing $626 in money from a save on the Fresno restaurant. However, when Ms Ortiz asked to see the surveillance video, her bosses said it had been destroyed. The jury dominated Ortiz was a sufferer of a scheme to defame her for submitting a employee's compensation declare for a job-related wrist damage brought on by carpal tunnel syndrome, the newspaper r... [Full Article...]
CBS sues Redstones over dilutive dividend, endangering Viacom deal
In a move that escalates an internal battle for control, CBS has filed a lawsuit in Delaware Chancery Court against Shari Redstone , Sumner Redstone and National Amusements , Inc., now the controlling stakeholder for CBS. In a remarkable twist, it's the special committee of board members - the committee Redstone wanted - that is suing. CBS went on to accuse Redstone of interfering with the... [Full Article...]
Crude oil prices went down in the beginning of the week
Even the threat of tough sanctions on Iran's crude exports does not seem to have encouraged funds to increase their exposure to oil. The news of President Donald Trump's decision to pull the USA out of the Iran nuclear deal sent oil prices surging, reaching a four-year-high due to the uncertainty that comes with the sanctions that may be reimposed on Iran. [Full Article...]
HSBC Holdings completes first blockchain trade deal
HSBC Holdings said on Monday it has performed the world's first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding of global trade. food and agricultural conglomerate Cargill . This appears to all be part of a pilot scheme that will see this product tested by its customers now that the bank is "much more comfortable ... [Full Article...]
CBI Files Chargesheet in Nirav Modi Case, Names ex-PNB Head
Modi will also be named as accused in the charge sheet. The Central Bureau of Investigation (CBI ) on Monday filed its first chargesheet in the alleged Rs 13,400 crore fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi , PTI has reported. [Full Article...]
Currency Markets Poised for Volatility on Trump's Iran Nuclear Agreement Decision
The United States plans to reintroduce sanctions against Iran, which pumps about 4% of the world's oil , after abandoning a deal reached in late 2015 that limited Tehran's nuclear ambitions in exchange for the removal of U.S. The benchmark contract was up $1.80 a barrel, or 2.4 per cent, at $76.65. While he said several of the rockets were intercepted and there were no casualties, the Israeli med... [Full Article...]