News

Mastercard Looks To Hire Crypto Team

Mastercard, already an ally of Facebook’s Libra, announced it’s in the midst of planning its own cryptocurrency team, the New York Post reported on Saturday (Aug. 17). The move is in line with Mastercard’s goal of being known as a technology company “more than a card company,” Ted Rossman, an analyst with CreditCards.com, told the […]

News

US Firms Slash Planned Expenses As Confidence Dips

Fears over the United States/China trade war and slowing global growth are causing many U.S. companies to cut down their plans for spending. Citi analysts revealed that capital expenditure (capex), which is often used to gauge future profits, is expected to grow 3.5 percent this year, down from the 4.2 percent that was projected only […]

News

Ikea To Launch Dedicated Unit For Smart Home Solutions

Ikea is going deeper into the Internet of Things (IoT), furthering its investment in smart home technology and products, TechCrunch reported on Saturday (Aug. 17). The household goods and furniture company is moving slowly into the smart home market with less expensive merchandise that works with Apple’s HomeKit platform. Ikea tested the smart home waters […]

News

Amazon Execs Donated To Antitrust Investigator’s Campaign

Amazon‘s top executives allegedly made donations to the chair in charge of investigating the eCommerce giant, CNBC reported on Sunday (Aug. 18). The donations were reportedly made two months before lawmakers were planning to interrogate Amazon as part of a bigger antitrust probe that also involved Apple, Facebook and Google. The main benefactor of the […]

News

Airbnb’s Total Booking Value Soars 30 Pct. YoY

Airbnb reported strong first quarter results, with $9.4 billion in total booking value, a 31 percent boost from the previous year. Sources told The Wall Street Journal that the home rentals company booked 91 million nights on its platform in the quarter. In addition, Airbnb had about $3.5 billion in cash on its balance sheet […]

News

US Lawmakers Visit Switzerland To Talk Libra

During an upcoming visit to Switzerland, American lawmakers plan to discuss Facebook’s proposed cryptocurrency, Libra. A group of six lawmakers, led by Rep. Maxine Waters, will hold a meeting with the Swiss Federal Data Protection and Information Commissioner (FDPIC) Adrian Lobsiger, according to Bloomberg. Waters has been a vocal critic of the social media giant’s […]

News

Near-Record Low Rates Trigger Refi Wave Among US Homeowners

U.S. mortgage refinancing is on the uptick as fears about fluctuating global markets cause a drop in interest rates, the Financial Times reported Sunday (Aug. 18). As more people invested in the safety of U.S. Treasuries, yields and mortgage rates dropped. The average interest rate on a 30-year fixed-rate mortgage was 3.6 percent, close to […]

News

Segway-Ninebot Debuts Self-Driving Electric Scooter

China‘s Segway-Ninebot has come up with an answer to everyone’s eScooter charging woes: make one that can drive itself to the charging station, The Verge reported Friday (Aug. 16). The KickScooter T60, the company’s new self-driving scooter, was recently unveiled at an event in Beijing. The eScooter has two wheels in front and one in […]