Eagerly awaited by both the buying public and investors, the larger 5.5 inch iPhone by Apple Inc. (NASDAQ:AAPL) may prove to be chimera for this year at least. The famous analyst Ming-Chi Kuo from KGI Securities, whose predictions are frequently though not always borne out, says that … [Read more...]
Economists slash growth rates, don’t expect U.S. recession
The United States economy is in a quandary right now: companies are hiring but they are part-time, service sector jobs; the stock market is roaring but possibly due to the Federal Reserve inducing bubbles; consumers are borrowing again but debt levels are at or near all-time highs. … [Read more...]
France to mandate identity verification for bitcoin account holders
Since the cryptocurrency industry rose to prominence last year, governments have wanted to gain a sense of control over virtual currencies. Well, now governments and law enforcement agencies may possibly have done so. The latest trend among governments around the world is for … [Read more...]
Apple Inc. (AAPL) A8 processor chip is dual-core, not quad-core
Chinese sources, report that the A8 processor chip, which is to be the next advance in Apple Inc.'s (NASDAQ:AAPL) system architecture, features a dual core setup rather than the quad core predicted for months by many sources. It was believed that Apple was moving to a four core chip … [Read more...]
Argentina mandates financial institutions to report virtual currency transactions
Argentina is in economic disarray: record-high inflation numbers, a potential default on its national debt and a significant percentage of the population impoverished. With the central bank printing vast sums of money, the value of its peso has deteriorated, which has led citizens to … [Read more...]
Apple Inc. (AAPL) joins small business-boosting Federal ‘SupplierPay’ program
Apple Inc. (NASDAQ:AAPL) has joined the new SupplierPay program, a Federal initiative designed to help small American businesses grow when dealing with larger firms. This voluntary initiative binds those companies that agree to it to pay their suppliers within 15 day of being … [Read more...]
Post-retirement finances need to be discussed between parents, kids: experts
A swarm of Baby Boomers are on the verge of exiting the labor force and hitting retirement. Although the financial collapse hurt millions of overburdened Baby Boomers, many are still expected to retire and do what they want in their free time. However, there doesn't seem to be any … [Read more...]
Teens who work low paying ‘McJobs’ do better later in life
It’s the summertime, but living may not be that easy for teenagers who decided to take on part-time jobs in July and August, and perhaps even during the school months. However, findings from a new study suggest that 15-year-olds who work at so-called "McJobs" will perform better later … [Read more...]
Apple Inc. (AAPL) puts suppliers’ carbon pollution in the crosshairs
Apple Inc. (NASDAQ:AAPL) has recently taken a sharp turn for the greener, taking up the banner of actual pro-environmental action rather than simply "greenwashing" with a few token environmentalist measures. So successful have these efforts been that the Cupertino firm has gained the … [Read more...]
Polish deputy finance minister calls bitcoin a financial instrument
Poland has become the unlikeliest of all places to be one of the central hubs for bitcoin. This year, for instance, Poland was the first country in Europe to gain a bitcoin embassy. Meanwhile, officials are lukewarm to the rise of peer-to-peer decentralized virtual currencies, … [Read more...]
Sunshine days: Florida adds 22,260 private sector jobs in June
One week after it was announced that the United States economy added 288,000 jobs in the month of June, which pleased economic analysts and market watchers, the state of Florida was lauded for being one of the leaders in job growth, according to a new report released by ADP and … [Read more...]
TSMC begins to replace Samsung as chip supplier to Apple (AAPL)
Taiwanese tech manufacturer TSMC has begun to supply A-series chips to Apple Inc. (NASDAQ:AAPL), cutting back on the quantity of chips that the Cupertino enterprise purchases from its archrival Samsung. Though Samsung is continuing to manufacture chips for Apple as well, and is slated … [Read more...]
Larry Summers says technology revolution will hurt job growth
Advancements in technology and automation in the workforce has transformed the labor market and economy; some say for the better, some say for the worse. Since the time of the Industrial Revolution, machine has assisted workers in many ways and has improved the productivity levels of … [Read more...]
UK alleges Irish tax dodge gives Apple Inc. (AAPL) an effective 0.1% tax rate on British profits
The ongoing saga of Apple Inc.'s (NASDAQ:AAPL) efforts to avoid paying taxes on its profits continues with a fresh allegation from the government of the United Kingdom, which claims that the Cupertino titan is using Irish tax breaks to pay an approximately 0.1% effective tax rate on … [Read more...]
New Zealand central bank official warns bitcoin could replace cash
Central bank officials have projected their concerns onto investors, banking executives and the general public as to how much peer-to-peer decentralized virtual currencies such as bitcoin and litecoin could revolutionize both payment systems and currency. From making financial … [Read more...]
Chinese court rules in favor of Siri look-alike Xiaoi Robot, against Apple (AAPL)
The Beijing First Intermediate Court handed down a decision today which will allow a patent infringement lawsuit against Apple Inc. (NASDAQ:AAPL) to proceed, ruling that the patent for the Xiaoi Robot speech recognition voice assistant system is indeed valid. This opens the gates to a … [Read more...]
Marc Faber: Asset bubble to burst, U.S. economy not improving
Are asset prices in a bubble? If so, how much longer until that bubble bursts? According to Marc Faber, a legendary investor and editor of the Gloom, Boom & Doom Report, the bubble may already be in the process of blowing up. Speaking in an interview with CNBC on Tuesday, Faber, a … [Read more...]
4 in 10 U.S. households using cellphones as their primary number
Will landlines go the way of the rotary phone? Well, in many cases, the trend has already started as more and more consumers ditch the landline and opt to use their smartphones and cellphones as their primary point of contact, according to a new study. The latest data was compiled … [Read more...]
Apple (AAPL) iWatch may be controller for HomeKit, ‘Internet of Things’
The Czech online magazine "Letem Svetem Applem," which translates approximately as "Apple at a Glance," has run an article suggesting that Apple Inc.'s (NASDAQ:AAPL) iWatch may not be just a health monitor, but also a key component of controlling devices using HomeKit, Apple's system … [Read more...]
Software CEO predicts Federal Reserve’s future will be a computer program
If both white and blue collar workers can lose their jobs due to companies investing in automation then why can’t the Federal Reserve System and central banks across the globe experience the same thing? One software executive thinks that’s what the future of banking will look … [Read more...]
