Markets
Huawei founder says revenue will be billions below forecast
Huawei is now facing charges in the United States for allegedly stealing trade secrets from T-Mobile. The warning comes as Huawei suffers from the fallout of being placed on a blacklist by the US , which means that American companies that want to sell parts to Huawei will need approval from the US Commerce Department. [Full Article...]
Cannabis edibles expected on the market in Canada by year's end
However, the government in its announcement on Friday said that it has not allowed the use of cannabis in things like gumbeers and lollipops. Health Canada in February wrapped its public consultation on the draft rules for these additional cannabis products , and the final version is largely in line with what the agency had proposed. [Full Article...]
On the Road to $10,000: Bitcoin Price Reaches New Yearly Highs
On May 30, as reported by U.Today, Bitcoin managed to breach this psychologically important mark for the first time this year, but this rally turned out to be a flash in the pan. Meanwhile on Sunday, among the top ten coins, only EOS registered slightly bigger gains in the past 24 hours, rising by 4.58%. Jeremy Allaire, CEO of a major crypto company, Circle , recently estimated that bitcoin ... [Full Article...]
Amazon sued over voice tech recording feature
The lawsuit alleges that the Alexa device is recording children's voices without their consent, which violates laws governing voice recordings in at least eight states. The Seattle suit filed on behalf of a 10-year-old MA girl is similar to another lawsuit filed the same day in a state court in Los Angeles. The girl, who lives in MA, was not an Alexa-registered user, but "directly interacted" ... [Full Article...]
Carbon pricing 'essential' to stem global warming, pope tells energy leaders
Pope Francis is warning oil executives that a "radical energy transition" to clean, low-carbon power sources is needed to stave off the effects of a rapidly warming planet. Quoting a report from the United Nations Intergovernmental Panel on Climate Change, Francis noted that the world has a decade or so to guarantee that global warming causes temperatures to rise no higher than 1.5 C above pre-... [Full Article...]
Google invests $600M to develop new Texas data center
In 2007, Google announced plans for the Oklahoma data center and opened the $600 million facility in 2011. "With this new investment, Google will now have a home in 24 total states, including data centers in 13 communities". It also plans an expansion of its Moncks Corner, South Carolina, location. On Monday, Google CFO Ruth Porat was in MI to announce an additional $17 million investment in... [Full Article...]
All new Toyotas will have automatic parking from 2020
Even the most thorough people occasionally goof and forget to do something important, which is why Toyota's adding two new systems to its future vehicles that can help prevent an absentminded mistake from turning into something worse. The new Automatic Engine Shut Off feature might spell the end of leaving a passenger waiting in the vehicle while the driver runs in to do some shopping without le... [Full Article...]
Bitcoin surge takes a breather under $9,400
Meanwhile, major exchanges included in the calculation of Bitwise's "real" bitcoin trading volume are now reporting the 24-hour volume figure at $867,697,751. This means that last week's losses, which saw BTC fall from $8,800 to briefly tap $7,450, have been reversed, barring that we don't close under $8,800 at 0:00 UTC on June 17th. [Full Article...]