April’s payrolls report painted a bleak picture for wage growth in America. We continue to add low-skill, low paying service jobs as opposed to higher skill, higher pay jobs like manufacturing. In fact last month […]
Category: MOOLAH
Qualcomm Latest U.S. Company To Face EU Competition Probe
Qualcomm joins Microsoft, Google and Facebook in feeling the wrath of the European Commission as the EU regulator still continues to scrutinize the chipmaker despite reaching an agreement previously. The news comes after the company, […]
FTC Lawsuit Leads To AT&T Reverse On Throttling ‘Unlimited’ Plans
In what is surely a coincidence and has nothing to do with a lawsuit by the FTC, AT&T has re-jigged its policy of limiting data transfer speeds for heavy users who buy to its ‘unlimited’ […]
Postal Service Loses Whopping $1.5 Billion In First Three Months Of Year
Perhaps drone delivery can’t come fast enough for the United States Postal Service as the organization reported on Friday that it had lost a staggering $1.5 billion during just the first three months of this […]
2016 Set To Be The Year Of Virtual Reality
Virtual reality has been around for nearly 40 years in some shape or form. From cardboard blue and red glasses of the 80s to the virtual reality programming languages of the mid-nineties, the technology has […]
Massive Bidding War For Nokia’s Mapping Data Is All About Self Driving Cars
It seems anyone with an interest in self driving cars realizes quality mapping data will be essential to their success, as a long list of rival firms line up to try and buy Nokia’s mapping […]
Nintendo Partners With Universal Studios To Build Theme Parks
Mario, Luigi and Princess Peach will be coming to a theme park near you, according to a press release issued early Thursday morning. The companies will be creating “creating spectacular, dedicated experiences based on Nintendo’s […]
Tesla Conference Call Reveals Flaws With Batteries
Thanks to a couple of key pieces of information on last night’s Tesla earnings call there are fresh doubts about the company’s new battery products. Bloomberg ran some calculations and now the world gets an […]
JP Morgan Investigated In Yet Another Criminal Probe
It wouldn’t be a week in the financial markets without more revelations of criminal conduct at a global mega-bank. Yesterday it was revealed that JPMorgan Chase has been placed under formal investigation in France as […]
On Flash Crash Anniversary Real Culprit Is Now A Publicly Traded Company
Today marks five years since the infamous May 6 2010 ‘flash crash’ that erased billions from U.S. markets. The event was caused by electronic trading firms matching wits against a single human who knew how […]
The Real Winner In The Iran Nuclear Deal: Arms Dealers
Reports have begun to emerge that in order for the Iran nuclear deal to be approved by its Middle East neighbors, the U.S. had to make big concessions. And yet these weren’t really concessions at […]
SpaceX Test Brings America One Step Closer To Returning To Manned Spaceflight
Rocket startup SpaceX blasted a test dummy a mile into the sky early Wednesday in a crucial test of the company’s plan to launch humans into orbit. The test capsule was launched from Florida’s Cape […]
Apple To Miss June Launch Of Its Spotify Rival
Apple’s long rumored music streaming service may not be ready for unveiling at next month’s Worldwide Developers Conference, according to industry reports. For weeks publications like the New York Times had said with certainty that […]
Freightliner Reveals World’s First Self Driving Truck
Truckmaker Freightliner has announced its “Inspiration Truck” will be the first autonomous commercial truck to drive on American roads. Nevada Governor Brian Sandoval and Daimler Chairman Wolfgang Bernhard attached its Autonomous Vehicle license plate and […]
Judge Calls Patent Troll “Ingenious Crooked Extortionate Operation”
Convicted patent troll Prenda was in the 9th Circuit Court of Appeals Monday to appeal sanctions leveled against it two years ago for abusive legal practices that amounted to extortion. It was not a pretty […]
Sally Beauty Supply Hit By Second Massive Data Breach
Customers of colossal cosmetics retailer Sally Beauty Supply are being advised to check their credit card statements after the company admitted it was breached for the second time in a little over a year. The […]
Apple Being Investigated By DOJ For Trying To Kill Spotify, Internet Radio
The Department of Justice is investigating Apple’s business practices in relation to its upcoming music streaming service, according to multiple press reports. The news comes after reports that Apple has been pushing major music labels […]
Citigroup’s CEO Takes ‘Pay Cut’ To $12 million Per Year
“In part because he failed to stop traders from rigging the foreign-exchange markets” Citigroup Inc. Chairman Michael O’Neill announced CEO Michael Corbat’s 2014 compensation would be cut by an undisclosed amount. The exact fine that […]
Australia Finds Way To Break Apple’s Tax Dodges
Australia’s Economics References Committee, which has been conducting hearings into corporate tax avoidance, looks to have made a breakthrough in the fight on rich tech companies avoiding taxes by using elaborate networks of subsidiaries. The […]
Malaysia Airlines Offloads A380 Superjumbo Fleet
Bigger may no longer be better for the world’s passenger airlines as Malaysia Airlines is said to be offloading its entire fleet of A380 superjumbos. The airline has struggled financially in the wake of dual […]
Billionaire Hedge Fund Manager Soros Dodged $7 billion In Taxes
It’s well known that the rich tend play play by a different set of rules than the rest of us. Case in point: George Soros, who may soon decide to pay a monumental tax bill […]
Is Warren Buffett’s Berkshire Too Big To Fail?
At his annual meeting on Saturday, Warren Buffett predictably rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big […]
Nobody In Jail After Yet Another Record Bank Scandal
It wouldn’t be a week in America without a criminal banking scandal and this week did not disappoint. BNP Paribas SA was sentenced to just five years probation by a U.S. judge on Friday in […]
AT&T Fined For Price Gouging Poor Via Government Program
Cellphone monopolist AT&T has been fined $10.9 milling by the FCC for overcharging the government on phone plans for the poor. The regulator said the telco over-billed the U.S. government between 2012 and 2013 while […]
China Isn’t The Only One: Airbus Sues Over NSA Blueprint Theft
Fresh evidence emerged Friday that China isn’t the only country engaged in rampant industrial espionage. European aerospace giant Airbus is promising legal action over claims its top secret blueprints were stolen by German spies and […]
SpaceX Has Competition: Blue Origin Successful In First Test
The golden age of rocketry may be upon us. Billionaires who made quick dot-com cash successfully launching commercial rockets is officially a trend, now that Jeff Bezos, of Amazon fame, has followed in the footsteps […]
Oil By Rail Faces Tough New Regulations, Eventually
U.S. and Canadian regulators unveiled tough new regulations on Friday that will require railways to transition to tougher tank cars and use new braking systems for trains carrying flammable liquids. The long-awaited steps are aimed […]
Boeing 787 Software Bug Shuts Down Generators Mid Flight
The Federal Aviation Administration (FAA) has issued an advisory for Boeing’s 787 because a software bug shuts down the plane’s electricity generators every 248 days, even if the plane is mid-flight. “We have been advised […]
U.S. Senate Takes Aim At Patent Trolls With Reform Legislation
Last year, bipartisan legislation designed to curb patent trolls got stuck in a Senate bottleneck, with then-Judiciary Chairman Patrick J. Leahy of Vermont saying he was “furious” with his fellow Democrat, then-Majority Leader Harry Reid, […]
Netflix Moves To Children’s TV, Will Produce ‘Green Eggs And Ham’
Netflix continues its quest to disrupt the film and television industry as it announced plans Thursday to adapt Green Eggs and Ham – Dr. Seuss’ famous creation – and make it into a TV animation. […]