Markets

Facebook To Announce Own Cryptocurrency This Month

Facebook To Announce Own Cryptocurrency This Month Another interesting take is the fact that Facebook will reportedly allow its employees to be paid in the new cryptocurrency. According to The Information (via CNBC ), the company will let users trade, store, and exchange its cryptocurrency for fiat currency through Facebook's apps, including messaging platforms Messenger and WhatsApp . [Full Article...]

Kroger issues recall for frozen berries due to possible health risk

Kroger issues recall for frozen berries due to possible health risk Fred Meyer recalled its frozen blackberries and a berry juice in an announcement Friday due to a possible hepatitis A contamination. You should throw the products away. "Hepatitis A virus can result in a liver infection that may be inapparent". Customers who have questions may contact Kroger at 1-800-KROGERS. Hepatitis A generally ranges from mild illness lasting a few weeks to serious illne... [Full Article...]

Trump says USA and Mexico have reached a deal on tariffs, immigration

Trump says USA and Mexico have reached a deal on tariffs, immigration Earlier Friday, Trump tweeted there was a " good chance " that the US would reach a deal with Mexico on migration. The top USA diplomat says, "The United States looks forward to working alongside Mexico to fulfill these commitments so that we can stem the tide of illegal migration across our southern border and to make our border strong and secure". [Full Article...]

Flight delays, cancellations persist after LAX power outage

Flight delays, cancellations persist after LAX power outage The airport had to reboot its equipment during the four hour outage. LAX had been working to resume normal operation after a power outage, and subsequent power "bump", had temporarily knocked out electricity at the entire airport. "After 1.5 hours sitting on the plane [the captain] was able to get us off", Fox-Galassi added. The delay in resuming power came from switching back from emergency p... [Full Article...]

Uber chief Dara Khosrowshahi tightens grip after departure of top executives

Uber chief Dara Khosrowshahi tightens grip after departure of top executives As part of the same overhaul, Khosrowshahi also chose to combine Uber's marketing, communications and policy teams, which according to him would help maintain a "unified narrative to consumers, partners, the press, and policymakers". The decision comes almost a month after a shaky start to Uber's listing on the New York Stock Exchange. And so, Khosrowshahi reportedly said that the chief market... [Full Article...]

ECB Leaves Rates Unchanged, Hints at Easing

ECB Leaves Rates Unchanged, Hints at Easing The ECB had responded at the time with rate cuts and ramping up its massive asset purchase programme. "With rates already at 0% and no fiscal levers to pull, options are somewhat limited". A return to such policies would suggest that authorities have failed to come up with any new answers to the conundrum of stagnant inflation and wage growth despite low unemployment. [Full Article...]

Single ticket wins $530 million Mega Millions jackpot

Single ticket wins $530 million Mega Millions jackpot The jackpot restarted at $40 million and grew by a minimum of $5 million per draw each time the jackpot rolled. The winning numbers were: 17, 19, 27, 40, 68. Tickets cost $2 each. Deadline is 7:08 p.m. that day. The next drawing is at 11 p.m. Friday, so you have plenty of time to set up your next office pool or do not forget to swing by the gas station on your way home, and then catch the draw... [Full Article...]

Rare earths giant Lynas to prioritise US military's needs, CEO says

Rare earths giant Lynas to prioritise US military's needs, CEO says The manifestation of Washington's growing concern about securing resources and building supply chains, a federal report released June 4 announces six calls to action, 24 goals and 61 recommendations accompanied by timelines for accomplishment. [Full Article...]


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