Friday, August 31, 2018

0 'What the hell were we thinking?' Startup founders who landed a $55,000 deal on 'Shark Tank' nearly missed their big break

3:07:00 PM Under From Admin
[0 Comment]

barbara corcoran cousins maine lobster

  • The founders of Cousins Maine Lobster appeared on "Shark Tank" in 2012. They landed a $55,000 deal with Barbara Corcoran.
  • When the "Shark Tank" producers initially reached out to them, the founders declined — twice — because their business was only two months old.
  • Looking back, they say going on the show was one of the best decisions they've ever made.


Cousins Maine Lobster opened for business in April 2012. In July, they landed a $55,000 deal with Barbara Corcoran on "Shark Tank."

But the Cousins Maine Lobster founders — Jim Tselikis and Sabin Lomac — very nearly missed out on this opportunity.

Tselikis told Business Insider that the "Shark Tank" producers reached out to them and invited them to try out for the show shortly after Cousins Maine Lobster launched. The founders declined — twice.

"Looking back," Tselikis said, "it's one of those things where you think, 'What the hell were we thinking?' But what we were thinking was: We have two months of business, we don't know where we're headed, we don't have a lot of history to justify certain valuations."

What's more, Tselikis said, they didn't know how or whether they wanted to scale their company. At the time, Cousins Maine Lobster was a lone food truck in southern California.

Finally, the founders relented and agreed to try out for "Shark Tank."

Initially, they were asking for $55,000 in exchange for 5% of their company, noting that they couldn't keep up with customer demand and needed the Sharks' help.

Unsurprisingly, some of the Sharks were skeptical. Kevin O'Leary (a.k.a. "Mr. Wonderful") couldn't fathom why the founders were valuing the business at over $1 million, given that they had just $150,000 in sales so far.

Daymond John said the founders' valuation was "crazy" and asked them to give him their best offer. Tselikis and Lomac came back with 7% to 8%. John declined and went out.

Robert Herjavec then offered the founders $55,000 for 25%. The founders turned him down, so he offered them $100,000 instead.

"You don't need that much money," said Barbara Corcoran, adding that she was a "genius marketer" and sharing all the ways she'd change the company's branding.

After a quick round of negotiations, Corcoran and the founders agreed on a deal: $55,000 in exchange for 15% of the company.

Today, according to the company's website, they have 20 trucks in 13 cities throughout the US and restaurants in cities including Taichung, Taiwan. According to Money, the company brought in more than $20 million in 2017.

Tselikis said of the company's appearance on "Shark Tank," "Looking back, it's probably one of the best decisions we ever made."

SEE ALSO: Startup founders who convinced 'Shark Tank' sharks like Mark Cuban to invest say too many entrepreneurs overlook a crucial element of a winning pitch

Join the conversation about this story »

NOW WATCH: 'Shark Tank' star Barbara Corcoran: How I went from a 10-kid household and more than 20 jobs to become a real estate mogul

by Facebook Comment
Read More »

0 I've used the iPhone 8 and the iPhone X — here's which one I'd recommend buying

3:07:00 PM Under From Admin
[0 Comment]

iPhone X

Apple now sells three premium iPhone models for the first time in the product's history.

So which should you buy? The iPhone 8? The 8 Plus? The X?

I've used all three models extensively. Here's how they compare.

SEE ALSO: The full iPhone X review

The phones are powered by the same processor, so you won't notice a difference in speed or performance.



They also run iOS 11, the latest version of Apple's iPhone operating system. (They'll also run iOS 12 when that's released this fall, likely in September.)



They have wireless charging.



See the rest of the story at Business Insider by Facebook Comment
Read More »

0 More than 1,000 children in public housing have had high levels of lead since 2012: report

2:46:00 PM Under From Admin
[0 Comment]

A total of 1,160 children in New York’s public housing developments suffered from high lead levels since 2012, city officials said Thursday. The city had progressed in lowering the number of children in NYCHA developments testing positive for lead for more than 10 years, but the trend stopped around the same time that the agency stopped inspecting apartments for lead paint, according to the New York Times. However, the number of kids throughout the city with elevated […]

by Facebook Comment
Read More »

0 NBC reportedly threatened a smear campaign against Ronan Farrow if he reported Harvey Weinstein's sexual harassment allegations

2:32:00 PM Under From Admin
[0 Comment]

ronan farrow

  • Journalist Ronan Farrow was not allowed to publish his reporting on the sexual harassment allegations against movie producer Harvey Weinstein while working at NBC News.
  • A new report in The Daily Beast said that NBC News' general counsel called him multiple times and threatened to launch a "smear" campaign against him if he kept reporting.
  • Rich McHugh, a producer Farrow worked with on the story, also said he was "ordered" by NBC executives to stop reporting on the story.
  • NBC News has denied all those allegations, saying instead that it was concerned about Farrow's sourcing.
  • The reasons behind NBC's refusal to publish Farrow's reporting are not clear. 
  • Farrow ultimately took his reporting to The New Yorker. His stories won him a Pulitzer prize.


NBC News executives allegedly threatened to launch a smear campaign against the journalist Ronan Farrow if he continued reporting on sexual allegations against Harvey Weinstein, The Daily Beast reported on Thursday

Farrow, who at the time worked at NBC News, had started investigating allegations of Weinstein's inappropriate behavior toward women as early as November 2016, The Beast said, citing unnamed sources.

The network refused to let Farrow produce those stories for NBC News, but allowed him to take his reporting to another news outlet instead. Farrow ended up publishing his stories in The New Yorker, which won him a Pulitzer prize in public service last year.

Now, new details have emerged about NBC News' alleged cover-up of the Weinstein story.

Susan Weiner, the network's general counsel, made multiple phone calls to Farrow and threatened to smear him if he continued reporting on Weinstein, the Daily Beast reported on Thursday, citing multiple unnamed sources. The Beast did not provide any further details about the nature of the alleged smear.

Rich McHugh, a producer Farrow worked with at the network, also told The New York Times that he was "ordered to stop" reporting on the story by executives. He reiterated those claims in a statement, which was published on Friday morning.

McHugh left NBC News about two weeks ago, claiming in a Friday morning statement that it was over NBC's refusal to publish Farrow's reporting. Read his statement below.

NBC News has denied both the allegations outlined in the Beast and those by McHugh.

A spokesperson for NBC News, who was unnamed, told the Beast that the allegations of Weiner's threats were "absolutely false."

The spokesperson said: "There's no truth to that all. There is no chance, in no version of the world, that Susan Weiner would tell Ronan Farrow what he could or could not report on."

Farrow told the Times in a statement, in response to McHugh's claims: "Rich is a fantastic producer and journalist. He's a person of integrity, and he cared deeply about the investigative stories we worked on together and the importance of seeing them through."

Chris Francescani, a journalist who worked with McHugh at NBC News in 2016, also corroborated the claims. "McHugh and Farrow are telling the truth," he tweeted. "NBC News executives are not."

Business Insider has contacted Farrow and NBC News for comment on the allegations against Weiner, as well as McHugh's claims.

NBC News logo

Why NBC News refused to publish the story

Noah Oppenheim, the president of NBC News, has said that the network refused to publish Farrow's reporting because he didn't have a source that would speak on the record at the time.

He told the Times in response to McHugh's claims: "We repeatedly made clear to Ronan and Rich McHugh the standard for publication is we needed at least one credible on-the-record victim or witness of misconduct. And we never met that threshold while Ronan was reporting for us."

He added that McHugh "was never told to stop in the way he's implying."

Oppenheim also claimed at the time that Farrow had a conflict of interest in the story because Weinstein had helped revive the career of Farrow's estranged father, the director Woody Allen, according to a report by HuffPost published last November.

woody allen

But the network's critics believe there's more to it. As McHugh said in his Friday statement: "Something else must have been going on."

Farrow suspected that Oppenheim might even have been communicating with Weinstein directly about the story, the Beast reported, citing its sources. Oppenheim had been moonlighting as a screenwriter in Hollywood, having written for films including "Jackie." It's not clear whether Oppenheim had been working on any films with Weinstein at the time.

In summer 2017, Oppenheim had mentioned to Farrow that Weinstein objected to Farrow's reporting — before Farrow had even asked Weinstein to comment on the allegations, the Beast reported. The anonymous NBC News spokesperson said Oppenheim never had a conversation about Farrow's investigation. Business Insider has contacted Farrow and NBC News for comment on this.

NBC News appeared so unwilling for Farrow to continue his reporting that it refused to let him mention his affiliation with the network or use its crew to interview Weinstein's accusers, HuffPost reported last November. Farrow paid for a TV crew out of his own pocket, the news site said. Business Insider has contacted NBC News for comment on this report.

The Times also noted that NBC did not devote any airtime to covering Weinstein's sexual harassment allegations on the day the Times broke a story about them, while other national news broadcasters like CBS and ABC did.

Court July HARVEY WEINSTEIN (1)

Alleged threats from Weinstein's people

Both McHugh and the Beast's sources also described threats from Weinstein's associates to NBC News, McHugh, and Farrow.

McHugh told the Times: "Externally, I had Weinstein associates calling me repeatedly. I knew that Weinstein was calling NBC executives directly. One time it even happened when we were in the room."

According to the Beast's sources, Charles Harder, an attorney for Weinstein, also sent legal threats to Farrow and other NBC News producers, claiming that the network had assured him that Farrow would use any of the reporting he obtained from Weinstein while working for the network. Business Insider has contacted Harder, NBC News, and Farrow for comment on this.

The anonymous NBC News spokesperson told the Beast: "We immediately were clear with Weinstein’s legal team that we disputed the characterizations."

Weinstein has repeatedly denied all allegations of nonconsensual sex. He was charged with rape, criminal sex conduct act, sex abuse, and sexual misconduct in New York this May, and is not allowed out of the states of New York and Connecticut.

Farrow is currently writing a book, named "Catch and Kill," which is expected to detail NBC News executives' refusal to publish his story on Weinstein.

SEE ALSO: NBC has some serious explaining to do

Join the conversation about this story »

NOW WATCH: Cigna's CEO says that the problem with healthcare in America has nothing to do with employers

by Facebook Comment
Read More »

0 Lululemon surges after crushing earnings and raising its full-year guidance (LULU)

2:32:00 PM Under From Admin
[0 Comment]

lululemon employees


Lululemon Athletica shares are up more than 10% ahead of Friday's opening bell after the company posted strong second-quarter earnings and lifted full-year guidance.

The retailer reported adjusted earnings of $0.71 per share, beating the $0.49 that was expected by Wall Street analysts surveyed by Bloomberg. Lululemon said its second quarter sales totaled $723.5 million, easily beating the $666.1 million estimate. Comparable sales were also strong, soaring 19% on a constant dollar basis, well above the 9.5% growth that was anticipated.

"We’re pleased to see the great results of Q2 across all parts of our business now extending into the current quarter," Stuart Haselden, Lululemon's chief operating officer, said in the earnings release. "This ongoing success positions us to achieve our 2020 goals and beyond."

Looking ahead, the company now sees its full-year earnings to be in the range of $3.45 to $3.53 per diluted share, up from its previous calculation of $3.10 to $3.18. Analysts had expected $3.25.

Lululemon shares are up 75% this year.

LULU

Join the conversation about this story »

NOW WATCH: Is marrying your cousin actually dangerous?

by Facebook Comment
Read More »

0 WATCH: Where you can buy a home in NYC for under $500 psf

2:18:00 PM Under From Admin
[0 Comment]

 It may be few and far between, but here’s a look at the ZIP codes in New York City where the average home is sold for under $500 per square foot. The entirety of the Bronx and Staten Island fit this criteria, according to data from PropertyShark. Meanwhile, Manhattan only had one area with prices that low: 10032 in Washington Heights. Otherwise, the borough primarily sees homes asking $1,000 a square foot or more. […]

by Facebook Comment
Read More »

0 Here's why people take longer to say 'I love you' in relationships than they did 4 years ago

2:12:00 PM Under From Admin
[0 Comment]

i love you

  • According to a survey by eHarmony, people are taking longer to say "I love you" than they did in 2014.
  • They're now waiting four and a half months to express their feelings.
  • It could be because modern dating is tough, and it's scary to be honest with someone new about how you feel.
  • There's every chance they might be dating other people, or looking around for someone better.
  • The only way to combat the fear is to be bold — if you love someone, tell them.
  • If they're right for you, they won't run away.


I can't remember the last time I told a romantic partner I loved them. That might be because I'm perpetually single, but it could also be because the moment of telling someone how you feel has been hijacked and blown out of proportion by fiction.

Saying "I love you" feels monumental in romantic comedy films and television shows, but in reality, it probably doesn't have to be such a big deal.

Being upfront and honest about everything — including your emotions — should be a bare minimum in a relationship. But modern dating culture escalates our emotional hangups, with all the mind games and rules to stick to.

This is just one of the many reasons saying those three little words can seem so scary right now.

According to a new study from eHarmony, people are taking longer to say "I love you." In fact, they're taking nearly a month longer than they did four years ago.

Having been on the dating scene for over two years, I can understand why. When you meet someone new, you don't immediately know if you're one of three other people they're dating, or whether they're going to sack you off as soon as someone more interesting comes along.

You don't know until it's too late whether someone is going to ghost you, or string you along for months simply out of boredom. It's really rough out there, and it's pushing us apart.

By surveying over 2,000 adults, eHarmony found Brits wait 137 days into a relationship (four and a half months) to say "I love you" for the first time. In 2014, it was 112 days, or just under four months, which is still a fairly long time. So what are we so scared of?

Psychologist Emma Kenny said although dating apps have given us a greater range of options, it also means the scene is infinitely more competitive.

"Singles are faced with a 'paradox of choice,' expanded by online and app dating," she said. "This can mean people are afraid to take the risk and say 'I love you' for fear that doing so too early and coming on too strong may backfire and push a partner away, rather than cementing the relationship."

The paradox of choice essentially means always thinking the grass is greener on the other side. But if you're always holding out for something better, chances are you could end up with nothing.

Perhaps that's why people are more wary of saying "I love you" than they used to be — they're holding off because they might meet someone better looking, funnier, or more successful. Or maybe they're scared they're the one who is a placeholder for their current partner, who is scouring their dating apps for a better option.

By living in fear, people are putting up barriers for really getting to know each other. The only way to combat the fact dating apps are destroying our chances for happiness is to be brave and to tell someone the moment you think you're falling hard.

"It’s vital to have courage in your convictions when telling someone you love them," said Kenny.

"If you feel that now is the right time and suspect the sentiment is mutual, then be bold — telling somebody you love them is a necessary stage in building a close, long-term connection."

Even if it does turn out to be too soon, at least you took the risk. And when you're ultimately with the right person, you won't be timid about your feelings, and you'll be glad you didn't wait around.

Join the conversation about this story »

NOW WATCH: What's going on with Elon Musk

by Facebook Comment
Read More »

0 Inside the Facebook employee group at war with the company's 'intolerant' liberal culture (FB)

2:12:00 PM Under From Admin
[0 Comment]

mark zuckerberg facebook ceo founder

There's a potential civil war brewing at Facebook.

Conservative employees are up in arms against what they argue is an "intolerant" liberal culture at the tech company.

A private group on the famously liberal Silicon Valley firm's internal message board has been set up in protest with more than 160 members, posters are appearing around campus, and Facebook employees are having heated internal debates around the subject, as Business Insider detailed in a recent report.

"'I disagree of what you say, but I will defend to the death your right to say it.' We need to channel Voltaire more in the company today," one employee wrote to his colleagues. "So many viewpoints are summarily dismissed as *ist/*obe because they are not understood."

The tense atmosphere highlights how even famously liberal Silicon Valley has become sucked into the vortex of America's chaotic national politics, as companies like Facebook grapple with their political role and influence on the public stage and within the workplace.

"You can...see the dripping of hate off them," one Facebook employee told Business Insider, describing the way "liberal" employees behave around their outspoken conservative colleagues.

The aggrieved Facebook employees complain that the company doesn't tolerate non-liberal viewpoints, and many conservatives believe they need to stay "in the closet" about their political beliefs. 

The Facebook employee also said conservatives at the company believe they can be fired more easily than others, citing ousted Oculus founder Palmer Luckey as an example: "If you're conservative at Facebook, you're already walking on eggshells. You will get fired quicker than if you're a liberal in seconds."

Reached for comment, Facebook spokesperson Bertie Thomson referred Business Insider to a statement issued Tuesday: "On Day 1 of Facebook's new hire orientation in Menlo Park, everyone hears from our Chief Diversity Officer about the importance of diversity and how to have respectful conversations with people who have different viewpoints."

Read the full report on the culture war exploding at Facebook on BI Prime »

Do you work at Facebook? Do you know more? Contact this reporter via Signal or WhatsApp at +1 (650) 636-6268 using a non-work phone, email at rprice@businessinsider.com, WeChat at robaeprice, or Twitter DM at @robaeprice. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop.

Join the conversation about this story »

NOW WATCH: Everything Samsung just announced — the Galaxy Note 9, Fortnite, and more

by Facebook Comment
Read More »

0 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, KO, CRON, AAPL, CBOE)

2:12:00 PM Under From Admin
[0 Comment]

Costa Coffee

Here is what you need to know.

Trump reportedly wants a massive escalation in the trade war with China. President Donald Trump wants to move forward with tariffs on another $200 billion worth of Chinese goods —after the public-comment period ends on September 6 — Bloomberg reports.

2 of the most successful stock pickers of 2018 say a trait shared by Elon Musk and Jeff Bezos holds the key to their success. "And the founder/CEOs? We prefer them because they have an appetite to think longer-term and they're willing to take risk that a rent-an-MBA executive or a successor manager may not be willing to," Anthony Zackery, a portfolio manager at the Zevenbergen Genea Fund, told Business Insider.

Coca-Cola just became a giant threat to Starbucks after buying one of Europe's biggest coffee chains. The beverage giant has agreed to pay Whitbread 3.9 billion pounds, or $5.1 billion, for its British coffee-shop chain Costa Coffee.

Apple sends out invitations for a September 12 event. The tech giant is expected to reveal three new iPhone models and could also unveil other products such as an updated iPad Pro or the next version of its AirPods headphones.

Cboe is telling market makers that it's getting close to launching ether futures. The exchange is waiting on additional clarity from the Commodity Futures Trading Commission and could launch by the end of 2018, a person with knowledge of the situation told Business Insider.

Lyft takes a step toward an IPO. The ride-services firm is in talks with an adviser for an initial public offering in March or April, Bloomberg says.

A notorious short-seller has come out swinging against a popular marijuana stock. Shares of the marijuana company Cronos plunged more than 28% on Thursday after Citron Research wrote it "appears to have been deceiving the investing public by purposely not disclosing the size of its distribution agreements with provinces — unlike every other major cannabis player."

Stock markets around the world are lower. Hong Kong's Hang Seng (-0.98%) led the losses in Asia, and Germany's DAX (-0.95%) trails in Europe. The S&P 500 is set to open down 0.14% near 2,897.

Earnings reporting is light. Big Lots reports ahead of the opening bell.

US economic data keeps coming. Chicago PMI and University of Michigan consumer confidence will cross the wires at 9:45 a.m. ET and 10 a.m. ET. The US 10-year yield is down 1 basis point at 2.85%.

Join the conversation about this story »

NOW WATCH: Cigna's CEO says that the problem with healthcare in America has nothing to do with employers

by Facebook Comment
Read More »

0 Coney Island, Act 3: Can the seaside enclave finally overcome its seasonal status?

1:53:00 PM Under From Admin
[0 Comment]

Coney Island has been transforming itself for more than a century. In 1903, its most famed amusement park opened and ushered in a heyday that would run for decades. But by the turn of the millennium, the seaside enclave was a shell of itself — a run-down backwater with large swaths of vacant land and rickety rides. Over the last decade, however, the city has invested millions to revitalize it. And developers have followed suit […]

by Facebook Comment
Read More »

0 Don't dig Trans Mountain's grave just yet

1:39:00 PM Under From Admin
[0 Comment]
Trans Mountain Pipeline

Despite a court ruling halting construction on the Trans Mountain expansion project, the reality is that the pipeline could still be built. The court ruling states "the end result may be a short delay."

by Facebook Comment
Read More »

0 This map shows the huge international reach of Costa Coffee, the mega-chain which Coca-Cola just bought for $5.1 billion

1:37:00 PM Under From Admin
[0 Comment]
  • Coca-Cola is buying Costa Coffee for $5.1 billion, a huge move into the coffee market.
  • Costa is based in the UK, but has stores worldwide — here's where they all are.

Coca-Cola is buying the biggest coffee company in Europe, Costa Coffee, for $5.1 billion, it announced on Friday, making its first move into the coffee market.

Though most Costas are in Britain, part of the attraction will inevitably have been the chain's global reach, including 459 stores in China, almost 60 in India, and a solitary outlet in Vietnam.

This map shows you the breadth of Costa's reach, labelling each country with how many stores are there.

COsta worldwide stores

Here's the data in full:

Here's the full list as of May 2018.

UK 2,467

China 459

UAE 150

Poland 147

Ireland 114

India 57 

Saudi Arabia 56 

Kuwait 51

Czech Republic 45

Egypt 44

Russia 35

Qatar 30

Hungary 28

Spain 25

Cyprus 24

Bahrain 23

Oman 22

Bulgaria 21

Philippines 16  

Kazakhstan 12

Latvia 11

Malta 11

France 8

Singapore 6

Portugal 5

Jordan 4

Cambodia 4

Morocco 3 

Vietnam 1

Lebanon 1

Germany 1

Indonesia 1

Despite its global reach, Costa has a distinctive style that repeats itself all over the world. Business Insider published an in-depth store review based on a visit in London earlier today.

But there are, inevitably, some differences, and Costas can be seen next to some major landmarks.

There's a Costa right opposite the famous Sagrada Familia in Barcelona.

Barcelona Costa

Here's what a store looks like in Jordan.

Costa Jordan

In Beijing, the capital of China...

Costa Beijing

...in Poznan, Poland...

Poland Costa

And one by the coast in Qatar too... 

Costa Qatar

The news broke on Friday that one of Europe's largest coffee chains was selling for $5.1 billion – more than 16 times Costa's expected full-year earnings in 2018, Business Insider reported.

"Hot beverages is one of the few remaining segments of the total beverage landscape where Coca-Cola does not have a global brand," Coca-Cola CEO James Quincey said in a statement, Business Insider reported. "Costa gives us access to this market through a strong coffee platform."

The deal comes with the 3,912 worldwide stores.

Read the full details of the acquisition here.

Apart from in the United Kingdom, China has the most stores with nearly 460.

Join the conversation about this story »

NOW WATCH: An early bitcoin investor explains what most people get wrong about the cryptocurrency

by Facebook Comment
Read More »

0 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

1:35:00 PM Under From Admin
[0 Comment]
160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Japan’s top financial regulator has revealed exclusively to news.Bitcoin.com the number of crypto exchanges seeking to enter the Japanese market. The agency also confirms the number of existing exchanges that have exited the industry, leaving only three applications currently being reviewed.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Three Quasi-Operators Are Left

Cryptocurrency exchanges in Japan are licensed by the country’s top financial regulator, the Financial Services Agency (FSA).

160 Crypto Exchanges Seek to Enter Japanese Market, Regulator RevealsThe FSA has licensed 16 crypto exchanges so far. In addition, it has allowed 16 more companies, including Coincheck, to operate crypto exchanges while their applications are being reviewed. These companies are sometimes referred to as “quasi-operators” of crypto exchanges.

However, since the hack of Coincheck in January, the FSA has stepped up its oversight of crypto exchanges. It has issued many business improvement orders and temporary shut down some exchanges. With stricter rules to comply, a number of quasi-operators began to withdraw their applications and exit the industry.

An FSA representative told news.Bitcoin.com that, out of the original 16 quasi-operators:

There are three quasi-virtual currency broker dealers still being reviewed: Coincheck, Everybody’s Bitcoin Inc. [Minnano Bitcoin], and Lastroots.

Coincheck was acquired by Monex Group after the hack. While the FSA declined to comment on Coincheck’s specific application, Monex is hopeful that the exchange will be approved in September. Once approved, Coincheck will resume normal operations, including registering new members, Monex previously said.

FSA Never Stopped Reviewing Applications

160 Crypto Exchanges Seek to Enter Japanese Market, Regulator RevealsSince the hack of Coincheck, the FSA began rigorously inspecting all crypto exchanges, 23 of which received an on-site inspection. The agency recently released a report detailing its findings.

No new companies have been approved this year, drawing speculation that the agency may have halted reviewing exchange operators.

However, the FSA confirmed to news.Bitcoin.com:

There is no such fact that we stopped reviewing process.

160 Interested Companies

160 Crypto Exchanges Seek to Enter Japanese Market, Regulator RevealsThe FSA revealed in July that about 100 companies were interested in applying for a license to operate a crypto exchange. Among them are Line Corp and Yahoo! Japan. Line recently launched an exchange, Bitbox, that serves customers globally except those in Japan and the U.S. The company is waiting for the FSA’s approval before beginning operations in Japan.

On Wednesday, the agency disclosed to news.Bitcoin.com the updated number of interested operators, stating:

Including preliminary consultation/inquiries regarding registration, around 160 operators are expressing their intention of market entry.

What do you think of 160 exchange operators wanting to enter the crypto space in Japan while most of the quasi-operators have exited the market? Let us know in the comments section below.


Images courtesy of Shutterstock and the FSA.


Need to calculate your bitcoin holdings? Check our tools section.

The post 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals appeared first on Bitcoin News.

by Facebook Comment
Read More »

0 Here’s how much NY AG candidates are hauling in from real estate donors

1:28:00 PM Under From Admin
[0 Comment]

The New York State Democratic primary is a little less than two weeks away, and so far New York real estate donors have taken particular interest in two of the four attorney general candidates. Public Advocate Letitia James and Democratic Congressman Sean Patrick Maloney have combined to raise more than $700,000 from New York City real estate interests in their bids to become the next AG. Maloney has raised the most from this crew, with […]

by Facebook Comment
Read More »

0 Google is under siege from conservatives, as a senior Republican demands an inquiry into its market dominance (GOOG)

1:17:00 PM Under From Admin
[0 Comment]

Google I/O 2018 sundar pichai

  • A senior Republican senator has called on the Federal Trade Commision to investigate Google for anti-competitive behavior.
  • Orrin Hatch highlighted problematic behavior like Google prioritising its own services in search, its collection of Android location data, and its many acquisitions.
  • He said Google had cemented its dominance through collecting personal data and suggested there was little competition.
  • The letter rounds off a tough week for Google, which has also come under fire from President Donald Trump.


Senior Republican Senator Orrin Hatch has written to the Federal Trade Commission (FTC), urging the competition body to open a new antitrust investigation into Google.

Hatch, the longest-serving Republican in the Senate, argued that Google had become "more dominant" since the FTC last investigated Google's conduct in 2013 without major repercussions for the firm. Hatch is a member of the Senate's antitrust committee.

In his letter to the FTC's new chairman, Joseph Simons, Hatch wrote that Google had greatly expanded its capabilities since 2013, and that there was still a relative lack of competition.

For example, he pointed to the fact that Google's 2010 acquisition of AdMob was waved through on the expectation that Apple would compete in the advertising space. Apple exited the mobile ad business in 2016.

"That belief never became a reality," Hatch wrote. "Instead, by many measures, Google's position throughout the ad market, publisher-side ad servers to ad exchanges to advertiser-side ad servers, has become more dominant. And Google accumulates data at essentially every step."

orrin hatch

Hatch cited media reports showing Google's accumulation of power, such as a May segment from 60 Minutes probing its many acquisitions. He also pointed to a Quartz investigation into Google's collection of location data on Android, and a Wall Street Journal report on developers reading people's Gmail messages.

Hatch wrote: "Although these reports concern different aspects of Google's business, many relate to the company's dominant position in search and accumulating vast amounts of personal data.

"That is why I also write to urge the Federal Trade Commission (FTC) to reconsider the competitive effects of Google's conduct in search and digital advertising."

This isn's Hatch's first run-in with Google. In July, he criticised the search firm for promoting results showing he was dead.

Business Insider has contacted Google for comment.

You can read Senator Hatch's letter in full here:

Google is under siege from conservatives

Donald Trump

The letter rounds off a tough week for Google, which has also come under fire from President Donald Trump.

The president claimed on Twitter that Google was rigging search results to favour liberal news outlets, and incorrectly said that the search company had promoted President Obama's State of the Union address, but not his own. Google subsequently said it had shown Trump's 2018 address, and archived web pages back the company up.

While Trump's attacks may be ill-informed, he is nonetheless in the position to do Google serious damage. In an interview with Bloomberg, he said Silicon Valley firms such as Facebook, Google, and Amazon were "very antitrust" but wouldn't comment on breaking them up.

Other conservatives are also gunning for Google, according to Axios. The website reported on Thursday that its perceived liberal bias is getting the right-wing as exercised as the gun-control debate and immigration issues.

"It's risen to the level of being an emotional or gut issue with conservatives, like guns/immigration," an unnamed Trump operative told Axios. "It's an issue that's here to stay."

SEE ALSO: Trump is said to be firing up conservatives with his claims of bias in big tech, and he's not about to back down

Join the conversation about this story »

NOW WATCH: Top 9 features coming to the iPhone in iOS 12

by Facebook Comment
Read More »

0 35 Big tech predictions for 2018

1:17:00 PM Under From Admin
[0 Comment]

35 big tech predictions for 2018Technology is increasingly disrupting every part of our daily lives.

Smart speakers and voice assistants let us interact with our homes and with retailers in new and seamless ways.

Smartphones are taking over as the dominant shopping device.

Viewers continue to move away from traditional TV toward digital platforms.

And the list is growing.

Nearly every industry has been disrupted by digital technologies over the past 10 years. And in 2018, we expect to see more transformative developments affect our businesses, careers, and lives.

Business Insider Intelligence, Business Insider's premium research service, has put together a list of 35 Big Tech Predictions for 2018 across Apps and Platforms, Digital Media, Payments, Internet of Things, E-Commerce, Fintech, and Transportation & Logistics. Some of these major predictions include:

  • Cryptocurrencies will become more widely accepted
  • Google and Apple will challenge Amazon in the smart speaker space
  • The resurgence of the VR market
  • The real self-driving car race will begin
  • Drone regulations will relax
  • Alibaba’s international expansion
  • Gen Z will become a major focal point for media companies and advertisers
  • Payment security will become paramount
  • Smart home devices will take off

This comprehensive list of 35 predictions can be yours for free today. As an added bonus, you will gain immediate access to our exclusive free newsletter, Business Insider Intelligence Daily.

To get your copy of this FREE report, simply click here.

Join the conversation about this story »

by Facebook Comment
Read More »

0 Goldman Sachs, Deutsche Bank, and Rothschild are all getting a slice of Coca-Cola's game-changing $5.1 billion deal for Costa Coffee

1:17:00 PM Under From Admin
[0 Comment]

coca-cola

  • Coca-Cola is buying UK-based coffee-giant Costa Coffee for $5.1 billion (£3.9 billion).
  • British investment bank Rothschild & Co is advising Coca-Cola on the deal.
  • Whitbread, the parent of Costa Coffee, has instructed Goldman Sachs, Morgan Stanley, and Deutsche Bank to advise on the transaction.

Coca-Cola on Friday announced a shock deal to buy the coffee chain Costa Coffee from its parent company Whitbread in a deal valued at just shy of $5.1 billion (£3.9 billion).

The acquisition marks Coca-Cola's first meaningful foray into the coffee market as it seeks to diversify in the face of a market-wide slowdown in sales for fizzy, sugary beverages.

The deal is expected to cause a major shakeup in the coffee space, and be seen as a direct challenge to the dominance of Starbucks in the US. Costa Coffee has more UK stores than Starbucks, and prior to the takeover was already expanding globally.

In October 2017, Costa bought out Yueda, a Chinese coffee chain with which it had operated a joint venture in the country for over a decade.

As with all mega deals, both the buyer, Coca-Cola, and the seller, Whitbread, have instructed banks to provide both financing and advice on the deal.

Coca-Cola, the buyer, is solely using the services of British-based investment bank Rothschild & Co for the deal. Coca-Cola has previously used Rothschild in a series of major deals, including the 2015 merger of three major bottlers, which was valued at $31 billion (€28 billion) at the time.

Unlike Coca-Cola, Whitbread has instructed several banks to advise on the deal, with Goldman Sachs, Morgan Stanley, and Deutsche Bank all getting a slice of the pie.

Goldman and Morgan Stanley will act as joint financial advisers and joint sponsors on the deal, while Deutsche Bank's London operation will act as a financial adviser. Morgan Stanley and Deutsche Bank are also acting as corporate brokers.

Coca-Cola will receive legal advice from Clifford Chance and tax advice from US law firm Skadden, Arps, Slate, Meagher & Flom. Whitbread's legal advice comes from Slaughter & May.

SEE ALSO: Coca-Cola just became a giant threat to Starbucks after buying one of Europe's biggest coffee chains for $5.1 billion

Join the conversation about this story »

NOW WATCH: An early bitcoin investor explains what most people get wrong about the cryptocurrency

by Facebook Comment
Read More »

0 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, KO, CRON, AAPL, CBOE)

12:57:00 PM Under From Admin
[0 Comment]

Costa Coffee

Here is what you need to know. 

Trump reportedly wants a massive escalation in the trade war with ChinaPresident Donald Trump wants to move forward with tariffs on another $200 billion worth of Chinese goods —after the public-comment period ends on September 6 — Bloomberg reports.  

2 of the most successful stock pickers of 2018 say a trait shared by Elon Musk and Jeff Bezos holds the key to their success"And the founder/CEOs? We prefer them because they have an appetite to think longer-term and they're willing to take risk that a rent-an-MBA executive or a successor manager may not be willing to,"  Anthony Zackery, a portfolio manager at the Zevenbergen Genea Fund, told Business Insider.

Coca-Cola just became a giant threat to Starbucks after buying one of Europe's biggest coffee chainsThe beverage giant has agreed to pay Whitbread 3.9 billion pounds ($5.1 billion) for its British coffee-shop chain Costa Coffee. 

Apple sends out invitations for the new iPhone event on September 12The tech giant is expected to reveal three new iPhone models and could also unveil other products such as an updated iPad Pro and the next version of its AirPods.

Cboe is telling market makers that it's getting close to launching ether futuresThe exchange is waiting on additional clarity from the Commodity Futures Trade Commission and could launch by the end of 2018, a person with knowledge of the situation told Business Insider.

Lyft takes a step towards an IPOThe ride-services firm is in talks with an adviser for an initial public offering in March or April of 2019, Bloomberg says. 

A notorious short-seller has come out swinging against a popular marijuana stock. Shares of marijuana company Cronos plunged more than 28% on Thursday after Citron Research wrote it "appears to have been deceiving the investing public by purposely not disclosing the size of its distribution agreements with provinces – unlike every other major cannabis player."

Stock markets around the world are lowerHong Kong's Hang Seng (-0.98%) led the losses in Asia and Germany's DAX (-0.95%) trails in Europe. The S&P 500 is set to open down 0.14% near 2,897.

Earnings reporting is lightBig Lots reports ahead of the opening bell.

US economic data keeps comingChicago PMI and University of Michigan consumer confidence will cross the wires at 9:45 a.m. ET and 10 a.m. ET, respectively. The US 10-year yield is down 1 basis point at 2.85%. 

Join the conversation about this story »

NOW WATCH: INSIDE WEST POINT: What it’s really like for new Army cadets on their first day

by Facebook Comment
Read More »

0 Meghan Markle went on a secret holiday to Canada, flew commercial but made sure nobody took her picture, reports claim

12:37:00 PM Under From Admin
[0 Comment]
Read More »

0 I visited the coffee chain that Coca-Cola just bought for $5.1 billion — and I have no idea why anyone goes there

12:37:00 PM Under From Admin
[0 Comment]

A collection of large sized Costa Coffee take away cups on February 18, 2016 in London, England. Yesterday Action on Sugar announced the results of tests on 131 hot drinks which showed that some contained over 20 teaspoons of sugar. The NHS recommends a maximum daily intake of seven teaspoons or 30 grams of sugar.

Coca-Cola is buying British coffee chain Costa Coffee for $5.1 billion, it was announced on Friday.

However, I can't work out why.

The obvious answer is because Costa has, for many years, dominated the UK coffee market — growing from 39 to nearly 4,000 outlets worldwide in the space of 13 years.

It is China's second-biggest coffee chain behind Starbucks, boasting over 400 stores in the country (and counting).

In the last financial year, Costa made £1.3 billion ($1.69 billion) in revenue.

Financially, the buyout might make sense — but I can't figure out why anyone goes to the coffee chain in the first place.

Living in London, Costa Coffees are omnipresent, so I visited one of the stores for an experience comparable to every other time I have been to a Costa Coffee — utterly underwhelming.

SEE ALSO: Coca-Cola just became a giant threat to Starbucks after buying one of Europe's biggest coffee chains for $5.1 billion

I went to the Costa Coffee on Whitechapel High Street in East London, near Business Insider's UK headquarters. The area boasts a plethora of chain coffee shops such as Pret a Manger, Caffè Nero and Starbucks as well as a smattering of independent stores.



Inside, Costa Coffee is a very bog-standard coffee shop. The decor is bland and inoffensive without being particularly nice, much like the food. The store itself has no particular theme or style, it's just... coffee shop.



Costa offers a range of food along with its coffees, including paninis, wraps and salads. Customers can also buy snacks like crisps and nuts as well as cold drinks like orange juice and, ironically, Pepsi.



See the rest of the story at Business Insider by Facebook Comment
Read More »

0 Warren Buffett says the $1,000 iPhone is 'enormously underpriced' despite famously not owning a smartphone

12:37:00 PM Under From Admin
[0 Comment]

Warren Buffett

  • Berkshire Hathaway CEO Warren Buffett said he thinks the $1,000 iPhone X is "enormously underpriced," despite famously not owning a smartphone.
  • He said iPhones provide huge value to hundreds of millions of people who "practically live their lives" by them.
  • Berkshire Hathaway continues to buy shares in Apple.


Billionaire Warren Buffett thinks the $1,000 iPhone X is "enormously underpriced."

That's according to an interview the legendary investor gave to CNBC's Becky Quick on Thursday, in which he said that Berkshire Hathaway continues to buy Apple stock.

Speaking as Apple readies the release of a bunch of new models, he said iPhones provide huge value to the hundreds of millions of people who "practically live their lives" by them. Having said that, Buffett doesn't see Apple raising the price much over $1,000.

"It’s got competition so you can’t push the price, but in terms of its utility to people and what they get for a thousand dollars... you can have a dinner party that would cost that, and here this is, and what it does for you, it’s incredible," he said.

IPHONE XS

Buffett famously doesn't use a smartphone, preferring an old flip phone, but recognises how important it is in other people's day-to-day lives.

"I have a plane that costs me a lot, maybe a million dollars a year or something of the sort. If I used the iPhone — I use an iPad a lot — if I used the iPhone like all my friends do, I would rather give up the plane," he said.

Buffett remains very bullish about Apple, and told CNBC that he has bought "just a little bit" more Apple stock in recent months. A regulatory filing earlier in August showed Berkshire owned 246.5 million Apple shares, or about 5.1% of Apple, as of June 30.

SEE ALSO: Warren Buffett says it would be 'a very poor idea' for Apple to buy Tesla

Join the conversation about this story »

NOW WATCH: Everything Samsung just announced — the Galaxy Note 9, Fortnite, and more

by Facebook Comment
Read More »

0 Meet the New Sentiment Analysis Tools Empowering Smarter Trading

12:20:00 PM Under From Admin
[0 Comment]
Read More »

0 GOLDMAN SACHS: Buying these 13 stocks will help you crush the market as Trump's trade war heats up

12:17:00 PM Under From Admin
[0 Comment]

traders

  • President Donald Trump has once again upped the stakes of a global-trade showdown with China, which could put pressure on US equities — particularly stocks with high overseas exposure.
  • Goldman Sachs has identified 13 stocks that should outperform the broader market in the event that trade tensions continue to escalate.

President Donald Trump is back at it again with his tariffs on China. And if recent history is any indication, the stock market is in for a turbulent period.

But you don't have to fall victim to any future losses. Armed with the right information, you can invest in stocks that are built to stay insulated from potentially threatening geopolitical headlines.

That means identifying stocks that aren't internationally exposed, and loading up. After all, these types of protectionist behaviors from Trump have boosted the US dollar in the past, which favors more domestically focused companies.

On the flip side, escalating trade tensions hurt multinational companies, since a stronger dollar hurts exports. During times like this, it's best to steer clear of these kinds of firms.

It's not always easy to identify which stocks fit into these two categories — but luckily, Goldman Sachs is here to help. It maintains an index of companies who get a large percentage of their sales from the US.

Below is a list of 13 domestically dependent stocks, which should theoretically outperform in the event of a prolonged trade staredown. These stocks are listed in no particular order, as all 13 of them get 100% of their sales from within the US.

17. Southern Co.

Ticker: SO

Industry: Utilities

Market cap: $47 billion

% of US sales: 100%

Source: Goldman Sachs



16. Verizon Communications

Ticker: VZ

Industry: Telecom

Market cap: $218 billion

% of US sales: 100%

Source: Goldman Sachs



15. Public Storage

Ticker: PSA

Industry: Real estate

Market cap: $38 billion

% of US sales: 100%

Source: Goldman Sachs



See the rest of the story at Business Insider by Facebook Comment
Read More »

0 2 of the most successful stock pickers of 2018 break down how a peculiar trait of Elon Musk holds the key to their success

12:17:00 PM Under From Admin
[0 Comment]

Elon Musk

  • Tesla CEO Elon Musk is an example of a chief executive who helped build his firm from the ground up and has big ambitions for its growth.
  • Such founders are a huge draw for Zevenbergen Capital Investments, a Seattle-based firm that's also run by a founding CEO.
  • The Zevenbergen Genea Fund has surged 44% this year, outranked only by one fund in Morningstar's universe of US equity funds. 
  • Of visionary founder/CEOs, a Zevenbergen portfolio manager said: "They're willing to take risk that a rent-an-MBA executive or a successor manager may not be willing to."

It's almost impossible to talk about Tesla without mentioning its CEO Elon Musk

Even before his high-profile attempt to take the electric-car maker private, Tesla's brand identity was inextricably linked to the entrepreneur who had the vision for the company and is still firmly in the driver's seat. 

This founder/CEO trait is shared by Jeff Bezos of Amazon and Reed Hastings of Netflix. And it's a cornerstone of the investing strategy that has helped Zevenbergen Capital Investments produce one of the best-performing equity portfolios of this year.

The Zevenbergen Genea Fund has earned a 44% year-to-date return, and only one US equity fund in Morningstar's universe boasted a stronger performance as of Thursday. It aims to invest in large, disruptive companies at their early stages of growth. Its performance easily trounces the 5% average scored by all US funds, the S&P 500's 8.8% return, and the Russell 3000's 10% gain, even as fewer mutual funds succeed at beating their benchmarks this year compared to 2017. 

The Seattle-based firm is a poster child of its own strategy. Nancy Zevenbergen founded the firm in 1987 and still sits on the six-person investment team.

"It's hard to overstate the importance of people at Zevenbergen Capital, but also as an investment approach," Anthony Zackery, one of the firm's portfolio managers, said. 

"And the founder/CEOs? We prefer them because they have an appetite to think longer-term and they're willing to take risk that a rent-an-MBA executive or a successor manager may not be willing to."

Despite Musk's recent run-ins with investors, reporters, and regulators, Zevenbergen Capital is standing by Tesla for the long haul; it was the Genea fund's third-largest holding as of the most recent regulatory disclosure on June 30.

"We still believe in what they're doing," Zackery told Business Insider on Wednesday. "The company has executed on what it set out to do, maybe not always when they set out to." 

Other examples of founder-led companies abound in the Zevenebergen Genea portfolio including Amazon, its top holding, and Netflix. 

Bezos and Hastings "recognized where the world was moving early and were not afraid to invest aggressively in building out the infrastructure in the case of Amazon or content in the case of Netflix," Joseph Dennison, a Zevenbergen Capital portfolio manager, said. 

Still fired up

There are founders of smaller companies who also attracted Zevenbergen's investor dollars. They include Chip Paucek, the CEO and co-founder of 2U, a $287 million company that helps colleges offer online-degree programs. Its stock has soared 36% this year and more than 500% since the company went public in 2014.

Paucek recognized early that the internet can create a better experience for graduate educators, and "displays a rare passion for the education space and a business he has built essentially from scratch," Dennison said.

Another example is Michael Hsing, the co-founder of Monolithic Power Systems, a semiconductor company.  

"He doesn't have to work another day in his life, but when we asked him 'what's your future with the company,' he's still fired up," Zackery said. "He's still really excited about what's going to happen in the next 5-10 years, and that shows the importance or the value of these founder/CEOs who have long-term visions."

It's about big risk and big reward

The faith that entrepreneurs display in their companies also informs Zevenberg Capital's conviction in active management, even though investor dollars continue to flood the passive space.

According to a Moody's report released earlier in August, investors have pulled more money from actively-managed stock funds at the fastest year-to-date pace on record. And, Goldman Sachs found that through August 15, $78 billion flowed into US equity exchange-traded funds and passive mutual funds, while $84 billion was withdrawn from US active mutual funds.

But like active management, building a successful company is about having the nerve to take big swings. 

"Would Jeff Bezos, Bill Gates, and Warren Buffett be three of the richest people on earth if they'd just owned S&P 500 ETFs or index funds?" Zackery asked, responding in the negative.

"They assumed significant risk on endeavours they had significant conviction in, and that's our approach to active investing." 

It's worth mentioning that although Buffett has been a huge advocate of passive S&P 500 funds for the everyday investor, his company, Berkshire Hathaway, built its fortunes by investing in specific, successful companies.  

At the end of the day, company fundamentals still matter, especially if an investor wants to avoid the trap of a cult of personality.

The key thing Zevenbergen considers on a company's books is its revenue growth. That's because it's as clean a read as one can get on customer demand, pricing, and market-share opportunities. A 15% growth rate is the firm's typical hurdle.

"Our product is an unapologetic mix of art and science," Dennison said.

SEE ALSO: BANK OF AMERICA: One of Wall Street's most dreaded recession signals is being wildly distorted — here's what really matters and what may happen next

Join the conversation about this story »

NOW WATCH: An early bitcoin investor explains what most people get wrong about the cryptocurrency

by Facebook Comment
Read More »

0 10 behaviours that count as cheating, according to Ashley Madison users — and none of them involve sex

12:17:00 PM Under From Admin
[0 Comment]

couple phones cheating

When was the last time you texted your ex? Maybe you're on good terms and remained friends after the relationship. Or, you were looking for a little ego boost from someone you know is still hung up on you.

There's nothing fundamentally wrong with this behaviour between consenting adults. But throw a new relationship into the mix, and that's when things can get complicated.

Social media, Whatsapp, and dating apps have muddied the waters of modern dating, and the line of what constitutes as cheating is blurred.

Ashley Madison, the dating site where people go to cheat on their partners, has gathered some data from over 3,000 users on what they believe to be unfaithful behaviour, except for actually having sex with someone else.

Among them are spending time with an ex, and sending explicit messages to someone else. But it's the emotional affair behaviour that came out on top.

"People make a conscious choice to cheat, it's not typically something that people fall into," said Tammy Nelson, a sex and relationship therapist.

"Despite defining what infidelity means to one another, one or both people in a relationship could still make the choice to seek an extra-marital affair when their needs aren't being met. An alternative conversation to have is one that outlines what it is that each partner needs from the other to feel happy and satisfied in the relationship, and how to talk about it when they don't feel that."

Here are the 10 behaviours that count as cheating, ranked in ascending order by the percentage of Ashley Madison users who listed them:

Fantasising about someone else — 13%



Communicating with their ex — 16%



Going out to dinner with someone of the opposite sex — 18%



See the rest of the story at Business Insider by Facebook Comment
Read More »

0 Trump says Google, Amazon, and Facebook may be 'very antitrust,' but stops short of calling for a breakup of the firms

11:52:00 AM Under From Admin
[0 Comment]

donald trump trump tower

  • US president Donald Trump said in an interview with Bloomberg that Google, Amazon, and Facebook could be a "very antitrust situation."
  • It follows Trump's repeated attacks on Google in recent days over what he perceives as liberal bias in the company's search engine.
  • He stopped short, however, of saying the tech companies should be broken up.


US President Donald Trump told Bloomberg on Thursday that tech giants Google, Amazon, and Facebook could be a "very antitrust situation."

In a week in which Trump has repeatedly attacked Google over its perceived liberal bias, the president raised monopoly questions about the firm and its peers.

"As you know, many people think it is a very antitrust situation, the three of them," the president told Bloomberg. Antitrust laws prevent companies from abusing their power to make the market less competitive.

Trump did not go so far as to suggest the companies be broken up. "I won’t comment on the breaking up, of whether it’s that or Amazon or Facebook," he said.

His former Chief Strategist Steve Bannon said tech companies should be broken up when defending the president's attack on Google to a CNN reporter on Wednesday.

It would be for Federal Trade Commission or the Department of Justice's Antitrust Division to decide whether to bring federal antitrust proceedings against the tech firms. Antitrust experts have previously said the two authorities have zero desire to "become puppets of elected officials."

It is far from the first time Trump has targeted Amazon, previously calling it a "no-tax monopoly" that abuses its relationship with the US Postal Service. In April, an anonymous source told Axios that Trump is "obsessed" with the company.

During his conversation with Bloomberg, Trump continued to voice his displeasure at Google's search results. He said "conservatives have been treated very unfairly" and added: "I tell you there are some moments where we say, 'Wow that really is bad, what they’re doing.'"

SEE ALSO: Trump is reportedly 'obsessed' with taking down Amazon — here's his history with his least favorite company in America

Join the conversation about this story »

NOW WATCH: How to hack an election, according to a former NSA hacker

by Facebook Comment
Read More »

0 The City of London has gained a powerful ally in the fight to keep a key business in the UK post-Brexit

11:27:00 AM Under From Admin
[0 Comment]

German, British and European Union flags fly in front of the Reichstag building in Berlin, Germany July 20, 2016.

  • Germany’s financial regulator BaFin has sided with the Bank of England and demanded that Brussels take action to prevent mayhem in the derivatives markets post-Brexit.
  • The move shows an alignment with the BoE which has warned that $67 trillion of interest rate swaps and other derivatives could be in trouble if no political support is given to the banks.
  • The EU Commission has so far expressed the view that financial regulation post-Brexit is for the banks and other financial companies to sort out.
  • "It is almost impossible to fix that problem exclusively just by one side of the stakeholders involved" BaFin’s president, Felix Hufeld told Bloomberg, adding, there has to be "a solution on a political level."

The German financial regulatory authority, BaFin, has demanded that EU officials in Brussels take urgent action to prevent mayhem in the derivatives market after Brexit.

The change in German policy is a sign of support for the Bank of England which has warned that $67 trillion of interest rate swaps and other derivatives could flounder if a plan is not agreed on between Europe and the UK before Brexit, The Daily Telegraph reported.

The EU Commission has so far expressed the view that financial regulation post-Brexit is for banks and other financial companies to sort out, even in the event of a wider deal, despite European, Asian and US banks arguing that they cannot do it alone, and that the fall-out if no action is taken could create a global financial shock.

"It is almost impossible to fix that problem exclusively just by one side of the stakeholders involved, let it be the industry itself or individual supervisors," BaFin’s president, Felix Hufeld told Bloomberg at a forum in Frankfurt, adding that the industry must be taken seriously.

There has to be "a solution on a political level" outlining a legislative or regulatory structure to prevent disruption, Hufeld said.

Britain has taken measures to try and guarantee "contract continuity" for foreign banks operating in the City, even if passporting rights are lost, but the EU hasn’t yet reciprocated.

The Bank of England and German regulator BaFin are now working to the same goal, an indication that Germany is starting to step into the negotiations as the threat of a no-Brexit deal persists.

SEE ALSO: $71 billion Japanese giant Panasonic is pulling its European headquarters out of the UK — and Brexit is to blame

Join the conversation about this story »

NOW WATCH: I woke up at 4:30 a.m. for a week like a Navy SEAL

by Facebook Comment
Read More »

0 These popular Chinese street food noodles are made with green bean jelly and served with extra spicy sauce

11:07:00 AM Under From Admin
[0 Comment]
  • ShangXin LiangFen is a dish made out of transparent jelly noodles.
  • The dish is a popular street food in the Sichuan province in China.
  • The jelly is made from green bean starch and hot water.
  • We visited Yun restaurant in London to see how it's made.

 

ShangXin LiangFen is a dish made out of transparent jelly noodles. The jelly is made from green bean starch and hot water.

The dish, which literally means Sad Jelly Noodle, is a popular street food in the Sichuan province in China.

"It's called ShangXin LiangFen because when you eat the spice, all the sadness, all the emotion, it will all wash out because of the really spicy sauce from the jelly noodle," Queenie Tam from Yun restaurant in London, where the dish is served, told Business Insider.

Along with the spicy sauce, the noodles are topped with garlic, coriander, pickles, spices, and more.

You can find Yun at Chinese Food Festival in London.

Produced and filmed by Claudia Romeo

SEE ALSO: This London restaurant serves flower-shaped dumplings made with a purple flower extract

Join the conversation about this story »

by Facebook Comment
Read More »

0 The EU warns May that a Brexit breakthrough is still 'a long way off'

10:47:00 AM Under From Admin
[0 Comment]

michel barnier Brexit talks

  • Dominic Raab and Michel Barnier to hold six hours of Brexit talks on Friday.
  • The pair will take stock of Brexit talks before holding an afternoon press conference.
  • The UK and EU are still a "long way off" a deal on the Northern Irish backstop, senior EU source tells BI.
  • The pound surged this week following suggestions that Barnier and Emmanuel Macron were softening their Brexit positions.
  • Both Barnier and French minister, Nathalie Loiseau, have shot down this suggestion.

 

LONDON — UK and EU negotiators are still a "long way off" from making a breakthrough in talks, a senior EU source has told Business Insider, as the two sides prepare to meet for six hours of talks on Friday.

The British press has recently jumped on suggestions that the EU could be softening its position following interventions from chief EU negotiator Michel Barnier and French President Emmanuel Macron.

However, figures in Brussels were quick to shoot down suggestions that Barnier was softening his position, and pointed out that the EU has always been prepared to strike an unprecedented Brexit deal, as long as it respects the bloc's red lines.

Barnier told German media outlet Deutschlandfunk  that the Brexit withdrawal agreement could not be "built to the detriment of who we are" and said: "we have to preserve and protect what makes us."

On Friday morning, Nathalie Loiseau, the French minister for European Affairs, told the Today programme that she was "surprised" to see the British press suggest that President Macron was softening his Brexit position.

"First and foremost, The unity of the 27 and support towards Michel Barnier is extremely strong," Loiseau told Today.

"And second, what the President mentioned in the conference of ambassadors earlier this week, was something he already mentioned last year.

"That is to say that in the future, there is going to be an EU that needs to be reformed, and there's going to be strong relations with countries outside the EU. Especially the UK, but also Russia and Turkey.

"This is what he said last September and repeated this week. There is no news around this."

She added: "The problem with the current proposal of the UK government is it would join the benefits rights of Norway with the obligations of Canada... There has to be a balance of rights and obligations."

UK Brexit Secretary Dominic Raab and Barnier, the EU's chief Brexit negotiator, will meet for six hours on Friday "to take stock" of the current state of Brexit talks, before a short press conference this afternoon.

The two sides need to reach an agreement on the thorny issue of the Northern Irish backstop — the fallback option to take effect if talks on future trade fail to preserve the open border on the island of Ireland.

An agreement on the backstop is still "a long way off," senior EU source told Business Insider. There are just over six weeks until the October European Council summit, where negotiators had hoped to finalise a withdrawal deal.

The pound surged this week after Barnier said the EU was ready to strike an unprecedented deal with the UK. This was followed by reports that Macron would urge EU leaders to be more generous to Britain.

SEE ALSO: Sadiq Khan laughs off bikini balloon blimp protest: 'Yellow isn't really my colour'

DON'T MISS: Five weird and unexpected ways a no deal Brexit would impact Britain

Join the conversation about this story »

NOW WATCH: Meet the woman behind Trump's $20 million merch empire

by Facebook Comment
Read More »

ping fast  my blog, website, or RSS feed for Free
Msn bot last visit powered by MyPagerank.Net Yahoo bot last visit powered by MyPagerank.Net
Googlebot last access powered by MyPagerank.Net