Markets
Papa John's sales don't deliver following founder controversy
Negative publicity surrounding the incident depressed July traffic in North America, the company said in a statement, noting that it was hard to predict how long and how badly that would affect sales. Back to the company itself. "We are working to show that our future will not be defined by the words and actions of one person", Ritchie said, placing the blame exclusively on Schnatter's shoulders... [Full Article...]
Brexit: No-deal poses serious security risk, say police
Britain's global trade minister says it's likely the United Kingdom will fail to agree upon a divorce deal with the European Union before it leaves the bloc in March the latest in a growing chorus of warnings that the negotiations are in crisis. [Full Article...]
Snapchat revenue soars despite losing users for the first time
The main reason for this was the controversial app design change . This appeared to confuse the market initially, who rallied behind Snap's share price initially in after-hours trading, but it seems likely this will only be a temporary reprieve before the company gets purchased by AOL, like all eventually defunct web brands. [Full Article...]
Elon Musk announces he's considering taking Tesla private
Employees would remain shareholders, and Tesla would be independent of Musk's other company, Space X, though the structures would be similar. Trading was temporarily suspended, but Tesla stock closed at $379.57 (£293.33 / €327.25) which is an increase of almost 11 percent. [Full Article...]
FCC claims of DDoS net neutrality attack were 'bogus'
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The CIO's subordinates were afraid to disagree with his belief there was a cyberattack, according to the FCC chair. Bray's most recent fable came in May 2017, as John Oliver of HBO's Last Week Tonight was asking viewers to flood FCC comments with support for "net neutrality" legislation, and is the subject of an upcoming Office of Inspector General's report. [Full Article...]
Fetus discovered on plane from Charlotte to NY
NY reported the plane, flight number 1942, departed Charlotte, NC on Monday night and arrived at LaGuardia late Monday night. Sources told NBC New York that the fetus appears to have been 5 to 6 months old. The account later tweeted to a frustrated customer that planes may be delayed "due to the medical needs of a customer". The plane is out of service as the investigation continues. [Full Article...]
Commission-Free Trading App Robinhood Crypto Now Support Ethereum Classic (ETC)
This news comes one day before Coinbase is to add ETC to its exchange. However, it seems that the combination of rapid social growth, a good amount of available capital to fund key developments, and the impending Coinbase listing has been enough to catch the eyes of prominent crypto investors, including Barry Silbert of Grayscale Investments who recently published a tweet commemorating ET... [Full Article...]
Elon Musk tweets he may take Tesla private
The company is now valued at just over $60 billion, with Musk holding an nearly 20 percent stake in the company. Musk's surprise announcement comes as the Financial Times revealed that a fund controlled by the Saudi Arabian government holds a stake of between three and five percent in the company. [Full Article...]