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Month: February 2018

Experts: More Stock Volatility Ahead, but No Reason to Panic

02/10/2018 Ranbiz

It’s been a tough week on Wall Street. The Dow Jones Industrial average closed more than 300 points higher Friday, after plunging more than 1,000 points the day before, the…

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Ride-Sharing Uber and Self-Driving Car Firm Waymo Settle Legal Battle

02/10/2018 RanIT

Ride-sharing giant Uber and the self-driving car company Waymo have agreed to settle their legal battle over allegedly stolen trade secrets. The surprise agreement Friday came as lawyers for the…

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Russians Held for ‘Mining Bitcoin’ At Top Nuclear Lab

02/10/2018 RanIT

Engineers at Russia’s top nuclear research facility have been detained after they attempted to mine bitcoin on its computers, Russian news agencies reported Friday. Several employees at the Russian Federal…

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YouTube Suspends Ads From Video Star Logan Paul’s Channels

02/09/2018 RanIT

YouTube has temporarily suspended all ads from video star Logan Paul’s channels after what it calls a pattern of behavior unsuitable for advertisers. In an emailed statement, YouTube said that…

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Britain Targets Global Corruption With Law to Seize Unexplained Wealth

02/09/2018 Ranbiz

Politicians and public figures suspected of buying property with corrupt money will be forced to explain their wealth, or face the seizure of their assets under new legislation that has…

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Californians to Trump: ‘We Will Fight’ Offshore Drilling

02/09/2018 Ranbiz

Commissions that oversee coastal lands and water pushed the Trump administration to leave California out of plans to expand offshore drilling, saying the state will throw up any barriers possible…

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Trudeau Pitches Canadian Globalism to California Tech Firms

02/09/2018 Ranbiz

Canadian Prime Minister Justin Trudeau on Thursday pitched Canadian globalism and the country’s new fast-track visa as reasons why Silicon Valley companies should consider Canada as a place to do…

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US Stocks Fall on Concern of Rising Rates, Inflation

02/08/2018 Ranbiz

U.S. stocks tumbled again Thursday as investors continued to fret about the possibility of rising inflation and higher interest rates.  For the second time in four days, the Dow Jones…

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Stocks Move Steadily Lower on Wall Street, Extending Losses

02/08/2018 Ranbiz

Stocks lurched lower again in midday trading on Wall Street Thursday, extending a streak of losses and putting the market on track for its second big weekly decline in a…

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Twitter Turns First Profit, But Problems Remain

02/08/2018 RanIT

Twitter says it had first quarterly profit in history and returned to revenue growth in the fourth quarter.   Its stock increased in pre-market trading Thursday.   Though the results…

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China’s January Exports, Imports Surge; US Trade Deficit Grows

02/08/2018 Ranbiz

China’s export growth accelerated in January amid mounting trade tension with Washington while imports surged as factories stocked up ahead of the Lunar New Year holiday. Exports rose 11.1 percent…

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Dutch Bank to Pay $369 Million in Drug Cartel Money-Laundering

02/08/2018 Ranbiz

Dutch lender Rabobank’s California unit agreed Wednesday to pay $369 million to settle allegations that it lied to regulators investigating allegations of laundering money from Mexican drug sales and organized…

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International Aid Group, Intel to Launch Job Training Program for Refugees in Germany   

02/08/2018 RanIT

The International Rescue Committee has announced Project Core — a $1 million job training program for refugees in Germany. The IRC is collaborating with computer giant Intel to to equip…

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Aid Group Launches Job Training Program for Refugees in Germany

02/08/2018 RanIT

The International Rescue Committee on Wednesday announced the creation of Project Core, a $1 million job training program for refugees in Germany. The IRC said it would collaborate with computer…

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Report: Social Media Surveillance Unfairly Targeted Muslims

02/07/2018 RanIT

A social media monitoring tool used by the Boston Police Department to identify potential threats swept up the posts of people using the hashtag #MuslimLivesMatter and a lawmaker’s Facebook update…

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Russian Hackers Hunt Hi-Tech Secrets, Exploiting US Weakness

02/07/2018 RanIT

Russian cyberspies pursuing the secrets of military drones and other sensitive U.S. defense technology tricked key contract workers into exposing their email to theft, an Associated Press investigation has found.…

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New Dinosaur Species Discovered in Egyptian Desert

02/07/2018 RanIT

Just days after the announcement that the 4,400 year old tomb of a high-ranking priestess had been found in Egypt, comes word of an even older discovery in the country,…

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Soaring Agave Prices Give Mexican Tequila Makers a Headache

02/07/2018 Ranbiz

In the heartland of the tequila industry, in Mexico’s western state of Jalisco, a worsening shortage of agave caused by mounting demand for the liquor from New York to Tokyo…

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Peru Defends China as Good Trade Partner After US Warnings

02/07/2018 Ranbiz

Peru’s trade minister defended China as a good trade partner on Tuesday, after U.S. Secretary of State Rex Tillerson warned Latin American countries against excessive reliance on economic ties with…

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Second Man Undergoes Gene Editing; Therapy Has No Safety Flags So Far

02/07/2018 RanIT

A second patient has been treated in a historic gene editing study in California, and no major side effects or safety issues have emerged from the first man’s treatment nearly…

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In Puerto Rico, Housing Crisis US Storm Aid Won’t Solve

02/07/2018 Ranbiz

Among the countless Puerto Rico neighborhoods battered by Hurricane Maria is one named after another storm: Villa Hugo. The illegal shantytown emerged on a public wetland after 1989’s Hurricane Hugo…

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Wall Street Roars Back, Traders Eye Volatility Ahead

02/07/2018 Ranbiz

Shaken out of many months of calm, Wall Street braced for a higher level of volatility in the days ahead, after a roughly 2 percent rebound in U.S. stocks on…

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Will Disney’s Streaming Service Roar — Or Squeak?

02/07/2018 Ranbiz

Will Disney’s upcoming streaming services be the mouse that roared … or squeaked? Disney already owns enviable entertainment properties including Pixar, Marvel and Star Wars. Now, it’s looking to add…

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Robots Replacing Workers Is Nothing New

02/06/2018 RanIT

From mowing the grass and cleaning windows to making deliveries at hotels and hospitals, even child and elder care, robots of all shapes and sizes are doing things humans have…

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Misery on US Stock Market Spreads to Asia Tuesday

02/06/2018 Ranbiz

Asia’s benchmark stock indexes collapsed Tuesday, as Monday’s massive selloffs on Wall Street rolled across the globe.  Japan’s Nikkei 225 index lost as much seven percent of its value at…

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As US Stocks Plummet, Trump Goes Silent on Role in Markets

02/06/2018 Ranbiz

As U.S. stocks plunged on Monday, President Donald Trump was speaking at an event in Ohio but noticeably not taking credit for the market despite doing so repeatedly when stocks…

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