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Sunday, May 19, 2024

Boeing reportedly misled FAA about safety of ...

Instant messages from 2016 suggest that Boeing may have misled the Federal Aviation Administration about a controversial safety system of its grounded 737 Max jets, Reuters reports. The messages, betw...

Pechanga Resort Casino wins Best Southern Cal...

The result of the readers’ polls of 2019 held by The Press-Enterprise and Orange County Register has been revealed, Pechanga was voted “Best Southern California Casino.” At the same time, Pechanga a...

Google launches Wing drone delivery service i...

Wing, a sister company of Google, is the only approved drone delivery service in the country and is in a test phase before getting FAA approval to expand. For now, ten pound drones deliver small packa...

Facebook’s libra cryptocurrency coaliti...

EBay, Stripe, Mastercard and Visa are all dropping out of Facebook’s libra cryptocurrency project, the companies announced Friday. The news comes one week after PayPal announced its withdrawal as gove...

SoftBank is in talks with JP Morgan on WeWork...

SoftBank is WeWork’s biggest outside shareholder. J.P. Morgan Chase was supposed to lead its IPO. Now the two firms are trying to pull together a financing package to save the office-sharing company, ...

Hyundai Motor Group to spend US$35bn on futur...

Hyundai Motor Group said it planned to invest KRW41 trillion (US$34.65 billion) in mobility technology and strategic investments by 2025, as it boosts its attempts to catch up in the self-driving car ...

That Superlow Mortgage Rate? It Could Be Even...

Interest rates have been plummeting, but the cost of taking out a mortgage hasn’t fallen as fast. Falling rates are usually a boon to the housing market, since that typically lowers the interest ra...

China further opens up insurance, banking sec...

China has decided to further open up its insurance and banking sectors to foreign investors by revising related regulations. The decision regarding revisions to the regulations on management of for...

Google may announce 5G version of Pixel 4

Google is reportedly working on the new 5G smartphone, which the company may announce at its launch event for new products on October 15. The Google Pixel 4 5G could be almost identical to the Pixe...

The short-term funding market came under pres...

The short-term funding market came under pressure this week, with some repo rates spiking as high as 10% earlier Monday and Tuesday. The repurchase agreement, or repo, market is basically the plumbing...