November 20, 2019

Amazon sellers are shipping long-expired food

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Jon Fingas From engadget There appear to be significant gaps in its product quality checks Whole Foods thrives on freshness, but Amazon’s online store? Not so much. CNBC reports that Amazon’s third-party sellers are all-too-frequently shipping food that has long-since expired, including products like year-old Hostess brownies and Teavana goods discontinued in 2017. At least 40 percent of sellers […]

Facebook to buy $1B startup for controlling computers with your mind

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From Newsmax Facebook Inc. said on Monday it bought New York-based CTRL-labs, a start-up that is exploring ways for people to communicate with computers using brain signals, in a deal that CNBC said was valued at $1 billion. Facebook Vice President of AR/VR Andrew Bosworth announced the deal in a Facebook post. CTRL-labs will join Facebook […]

The Editor speaks: Can you afford Valentine’s Day anymore?

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According to a report carried by CNBC they say: “Consumers ages 23 to 29 expect to spend an average of $266 on Valentine’s Day gifts, dining and more, according to Bankrate.com. “Going all out to show on Instagram? Dinner for two, chocolates and the works adds up to more than $600.” And it’s all because […]

CNBC: US home-sales plunge stuns real-estate agents

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By Newsmax Wires From Newsmax Real estate brokers reportedly are trying to figure out why sales of existing homes plunged in December. U.S. home sales tumbled Tuesday to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. The weak report from the […]

CNBC: Buffett loses nearly $4 billion as Apple stock tanks

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From Newsmax Warren Buffett’s Berkshire Hathaway lost more than $3.5 billion on Friday as Apple’s stock headed for its worst day on Wall Street in more than four years. In late trading, Apple stock (AAPL) was down $15.84, or 7.1 percent at $206.379 in late Friday trading, on track for its worst one-day move since […]

Facebook is shedding massive traffic – and it’s apparently flocking to YouTube

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By Andy Meek From BGR Four billion. That, according to a new study shared with CNBC by market research firm SimilarWeb, is how many monthly page visits Facebook has shed in a slow-drip but nevertheless huge decline over the last two years. Facebook’s traffic hasn’t just fallen by about half since 2016, according to the study. […]

Southern California home sales crash in warning to rest of nation

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By f mcguire From Newsmax Southern California home sales reportedly plunged in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped 11.8 percent year-over-year, as prices shot up to a record high, CNBC reported, citing CoreLogic. The median price paid for all […]

JPMorgan: Tesla shares will plunge more than 40 percent

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From Newsweek JPMorgan Chase & Co. reportedly has warned savvy investors that Tesla shares will tumble more than 40 percent before the end of the year. JPMorgan reaffirmed its underweight rating on Tesla shares, saying other automakers may price their electric cars aggressively, CNBC reported. The bank’s analyst is cautious over the company’s second-quarter financial numbers such as […]

CNBC: Disney expected to add cash to bid for Fox

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From Newsmax Walt Disney Co. reportedly is preparing to add cash to its bid for the entertainment assets of 21st Century Fox Inc. Comcast Corp. last week launched a $65 billion cash offer for the Fox assets, outbidding Disney. The assets include Fox’s movie studios, networks National Geographic and FX, Star TV, stakes in Sky, Endemol […]

ZTE will pay $1 billion fine to beat US export ban

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By Timothy J. Seppala from engadget The company will have to change its board within the next 30 days, too. Tensions between the US government and Chinese smartphone maker ZTEseem to have abated, at least temporarily. US Commerce Secretary Wilbur Ross told CNBC this morning that the government has “struck a deal” with ZTE to […]