• Alphabet-Owned Startup Wins FAA Approval For Drone Deliveries in US
Alphabet-Owned Startup Wins FAA Approval For Drone Deliveries in US

In other words, Wing has is just reached the Canadian-equivalent stage that Drone Delivery Canada originally pioneered early past year. The certification is good for two years, the FAA said . The FAA's air-carrier certification was needed because existing rules created strictly for drones don't allow the kind of flights Wing envisioned, he s...

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  • Microsoft market cap touches $1-trillion, pulls above Apple
Microsoft market cap touches $1-trillion, pulls above Apple

Microsoft touching the trillion-dollar mark would make it only the third publicly-listed company to do so, following Apple and Amazon which have both fallen below the threshold. Microsoft's Hood said that unit could reach $11.05 billion in revenue in the fiscal fourth quarter. Revenue for its Azure product rose 73 percent in the quarter and...

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  • Asian markets lower after S&P 500, Nasdaq hit record highs
Asian markets lower after S&P 500, Nasdaq hit record highs

On top of that fears of a weak first-quarter earnings season have been reversed this week - especially on Tuesday - with a spate of better than expected earnings reports from the likes of Hasbro, Snap, Twitter, Coca Cola, Lockheed Martin, United Technologies and Verizon.

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  • Nissan Ex-Chairman Ghosn Pays $4.5 Million Bail
Nissan Ex-Chairman Ghosn Pays $4.5 Million Bail

In a statement issued shortly after his release, Ghosn said the new bail conditions were "cruel and unnecessary". But later on Thursday, Tokyo deputy chief prosecutor Shin Kukimoto said the court's decision was "extremely regrettable" and Japanese prosecutors lodged an appeal against the bail, meaning Ghosn will have to wait further to see if h...

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  • Microsoft beats earnings expectations, stock jumps
Microsoft beats earnings expectations, stock jumps

Server products and cloud services grew 27 percent. "Leading organizations of every size in every industry trust the Microsoft cloud". The landmark moment follows a long string of successful quarters for Microsoft, as its cloud business continues to grow substantially.

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  • Five takeaways from the Beyond Meat IPO filing
Five takeaways from the Beyond Meat IPO filing

And today, the company said it's hoping to raise something north of $175 million through an impending initial public offering. Its investors include Microsoft co-founder Bill Gates and actor Leonardo DiCaprio, as well as former McDonald's chief executive officer Don Thompson .

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  • Tesla's updated Model S and Model X offer company's longest ever range
Tesla's updated Model S and Model X offer company's longest ever range

Pairing a permanent magnet motor in the front with an induction motor in the rear enables unparalleled range and performance at all times. New Long Range Model X vehicles will be able to drive 325 miles (523km) - the smaller range due to the Model X being slightly heavier than the Model S.

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  • Facebook’s earnings hit by $3 billion legal expense related to FTC investigation
Facebook’s earnings hit by $3 billion legal expense related to FTC investigation

Investors shrugged off the charge and sent the company's stock up almost 5% to $190.89 in after-hours trading. "Advertisers love Stories ads, because they are engaging and fun, and because they can cost less than in-feed advertising", EMarketer analyst Debra Aho Williamson wrote in a note before earnings.

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  • Nth Korea's Kim arrives in Vladivostok for Putin summit
Nth Korea's Kim arrives in Vladivostok for Putin summit

The North Korean leader's train now arrived to Vladivostok. China welcomes exchanges between Russia and the Democratic People's Republic of Korea (DPRK) and hopes the upcoming Putin-Kim summit will contribute to Russia-DPRK relations as well as the stability of the Korean Peninsula, said Geng Shuang, spokesperson for the Chinese Foreign Min...

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  • Trump Meets With Twitter CEO Jack Dorsey After Complaining of Bias
Trump Meets With Twitter CEO Jack Dorsey After Complaining of Bias

The meeting , which was organized by the White House last week, came hours after Trump again attacked the social media company over his allegations it is biased against conservatives. Dorsey said the experimental app enables users "to see the entire conversation on one surface" without needed to click through various tweets. For the first quarte...

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  • Tesla rival Rivian says Ford Motor invests $500 million in firm
Tesla rival Rivian says Ford Motor invests $500 million in firm

On Wednesday morning, Ford announced that it will invest $500 million in startup pickup-maker Rivian to use its electric "skateboard" chassis for a new electric model from Ford. Those vehicles include a battery-powered F-150 pickup and a crossover that Ford says is inspired by its Mustang sports auto. "There's a big push by the entire indus...

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  • Amazon cloud services take a big bite out of Apple’s budget
Amazon cloud services take a big bite out of Apple’s budget

Apple is set to become one of Amazon's biggest customers with a new reported $1.5 billion, 5-year deal with the online retailer's cloud services, according to CNBC . Apple previously revealed that it uses AWS for its iCloud storage, but it hasn't divulged whether it uses AWS for other Apple services, CNBC said.

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  • New Jersey Employment Records Modest Gain in March
New Jersey Employment Records Modest Gain in March

Indiana's unemployment rate rose slightly in March to 3.6 percent. According to the EDD, total nonfarm employment increased in Los Angeles County by about 13,100 jobs between February and March to reach more than 4.53 million. Year-over-year employment decreased by 2,800 jobs from March 2018 to last month, the largest decrease of any industry. ...

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  • Banks unions want lenders to offer special loans to Jet Airways staff
Banks unions want lenders to offer special loans to Jet Airways staff

At the NSE, shares plunged 6.15 per cent to close at Rs 154.70. According to data available with BSE, there was surge in volume trade with 56.18 lakh shares changing hand over the counter as compared to two-week average of 21.11 lakh shares.

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  • Tesla says investigating vehicle explosion in Shanghai
Tesla says investigating vehicle explosion in Shanghai

The incident comes as Tesla tries to push sales in China , where its prices were impacted by tit-for-tat tariffs imposed during Sino-U.S. trade tensions a year ago. Alan Kang at LMC Automotive commented on Tesla's issues stating: "Tesla had fire incidents before, but they didn't have a big impact on its reputation in China".

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  • Huawei revenue up 39 percent from one year ago
Huawei revenue up 39 percent from one year ago

Although such a relationship has been long suspected, the USA intelligence agencies reportedly shared evidence of Huawei's role as an intelligence asset for the Chinese government with nations of the Five Eyes group earlier in 2019. The authorities in the United States are probing Huawei for alleged sanctions violations. She denies wrongdoing, ...

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  • Sen. Elizabeth Warren unveils $640 billion college debt forgiveness plan
Sen. Elizabeth Warren unveils $640 billion college debt forgiveness plan

Warren, in a post on the website Medium, proposed canceling $50,000 in student loan debt for anyone with annual household income under $100,000, which her campaign said would amount to 42 million Americans. Bernie Sanders' 2017 legislation that would make four-year public colleges tuition-free for some students - said her new plan is "bigger"...

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  • No more sanction waivers for India, 7 others on Iranian oil
No more sanction waivers for India, 7 others on Iranian oil

President Trump is looking to drive Iran's oil exports to zero by ending the exemptions to the sanctions which were granted to eight countries which buy Iranian oil. It was not immediately clear if any of the five would be given additional time to wind down their purchases or if they would be subject to United States sanctions on May 3 if they do n...

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  • China criticizes USA effort to reduce Iran oil sales
China criticizes USA effort to reduce Iran oil sales

Brent for June settlement climbed as much as $2.34 to $74.31 a barrel on the London-based ICE Futures Europe exchange and was at $73.66 a barrel at 1:31pm in Dubai. from a 2015 nuclear deal between Iran and several world powers. Major exporters of Iranian crude oil have received the expected USA announcement with alarm.

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  • Binance Announces Delisting of BCHSV with Shapeshift Following Suit
Binance Announces Delisting of BCHSV with Shapeshift Following Suit

The leader of its fintech initiative, Craig Wright, has multiply claimed that he is Satoshi Nakamoto . Wright's latest moves involve sending legal notices to Ethereum's founder Vitalik Buterin and podcaster Peter McCormack , according to the online magazine Investinblockchain .

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