Volkenvagen

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It’s getting harder to deny that the iPhone X is a flop

Evidence is mounting that the iPhone X is a bust.<p>Less than a month after Apple reportedly told suppliers that it was slashing production targets for …

Mobile Technology

German army problems 'dramatically bad', report says

<b>Shortfalls in the German army's personnel and equipment are "dramatically" hindering its readiness for combat, according to a new report.</b><p>No submarines or large transport planes were available for deployment at the end of last year, the report says.<p>It also points to failures in planning and …

Markets are entering the 'frothy territory' reached before the last 2 financial crises

That all could change as the stock market swells to a size rarely seen outside of 2000 and 2008, just before the two most recent stock market crashes, says Deutsche Bank.<p>Rather than assessing the stock market using more traditional methods such as price-to-earnings ratio, Deutsche is instead …

One in five students regret their choice of university, new study shows

More than a fifth of students enrolled at university would have chosen differently if they had been given a second chance, a new study has revealed.<p>According to a new survey published today by the website The Student Room, 20 percent of students would have picked differently having sampled their …

Research

Netanyahu 'caught on tape negotiating secret deal with press baron'

The political scandal swirling around Benjamin Netanyahu intensified on Sunday after it was reported he had been caught on tape offering financial incentives to a newspaper publisher in return for better coverage.<p>The Israeli prime minister spent eight hours last week being questioned by police …

With new owner, MillerCoors focuses on growth

The sun rose on MillerCoors' Chicago headquarters Tuesday morning just the same as the day before. It was, as MillerCoors CEO Gavin Hattersley often says, business as usual, but with one small exception.<p>"The biggest change is we are now the largest American-owned brewer, and that's a big deal for …

US homeowners get a huge tax break almost nobody knows about, and it's even part of GDP

But what makes it different than an apartment in, say, Williamsburg, Brooklyn, is that in the eyes of Dutch tax collectors, owning that home means the Van de Klunderts became landlords. Their tenant? Well, that's where things get weird. There isn't one.<p>The Van de Klunderts owe taxes on roughly what …

OPEC just reached a surprising deal — here's what comes next

In light of recent events, that's turned out to be quite the prescient observation.<p>On Wednesday, the oil cartel reached an agreement at informal talks in Algeria to limit its production at its November policy meeting to a range of 32.5 million to 33 million barrels a day, down from today's …

UK must move now on carbon capture to save consumers billions, says report

The UK must immediately kickstart an industry to capture and bury carbon emissions in order to save consumers billions a year from the cost of meeting climate change targets, according to a high-level advisory group appointed by ministers.<p>This requires the setting up of a new state-backed company …

Fossil Fuels

Yuan’s Share of World Currency Trading Doubles, BIS Survey Shows

China’s yuan has doubled its share of global currency trading in the three years through April 2016, according to the latest triennial survey …

All of the US economy's problems come back to one thing

The rough patches and disappointments that are plaguing the US economy are all symptoms of one thing, according to Tim Hopper of TIAA Global Asset Management: the slack left in the labor market.<p>For instance, the chief economist said, the downturn in capital spending by businesses and the declining …

Oregon collects millions in marijuana-related taxes

Oregon has processed $25.5 million in tax payments from recreational marijuana from January through the end of July.<p>The state's Department of Revenue says medical marijuana dispensaries were required to file their second-quarter returns for recreational marijuana by Aug. 1.<p>Oregonians legalized …

Here's Why the Fed Won't Raise Rates Anytime Soon

Much of the financial press is convinced that the minutes from the most recent FOMC meeting, released Wednesday, are showing a more hawkish Federal …

Ford and Nissan Explain the Challenges of Making Self-Driving Cars

In the future, self-driving cars approaching busy distracted pedestrians crossing the street will stop, flash lights, and show digital messages on …

Bill Gross Says a $10 Trillion Economic Supernova is Waiting to Explode

“Bond king” Bill Gross did not mince words Thursday when he called out a problem in the credit markets that could have catastrophic consequences.<p>In a …

'The new gasoline' could be in an epic bubble

Lithium is nature's lightest solid element, and is one of the most abundant metals in the earth's crust. Once processed, it can be used in everything from ceramics to grease. It's even used to treat bipolar disorder. But that's not why The Economist magazine recently called lithium "the world's …

The $2 Trillion Project to Get Saudi Arabia’s Economy Off Oil

Early last year, at a royal encampment in the oasis of Rawdat Khuraim, Prince Mohammed bin Salman of Saudi Arabia visited his uncle, King Abdullah, …

How Oregon pot dealers pay taxes

SALEM, Ore. (AP) — Oregon has raked in $6.84 million so far from January and February recreational pot sales — far outpacing the $3 million projected …

In riposte to Riyadh, Russia says ready to ramp up oil output | Reuters

MOSCOW (Reuters) - Russia said on Wednesday it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels collapsed and Saudi Arabia threatened to flood markets with more crude.<p>(L-R) Venezuela's Oil Minister and President of the Venezuelan state oil …

SunEdison Cuts Factories, Jobs in Attempt to Stay Afloat

In the wake of a massive acquisition binge gone wrong and a stock that’s plummeted in recent months, beleaguered clean energy company SunEdison is …

BlackRock says no need to stress test mutual fund sector | Reuters

LONDON (Reuters) - BlackRock, the world’s biggest asset manager, says there is no need for a stress test of whether the mutual fund industry could repay a large number of panicking investors in the event of a fresh financial crisis.<p>A woman walks next to a BlackRock sign pictured in the Manhattan …

House committee passes bill to privatize air traffic control

A Republican-controlled House committee on Thursday endorsed a bill that would wrest responsibility for running the nation's air traffic control system from the government and turn it over to a private, nonprofit corporation run by airlines and other aviation interests.<p>The House Transportation and …

Air Traffic

U.S. oil bankruptcies spike 379%

Bankruptcy filings are flying in the American oil patch.<p>At least 67 U.S. oil and natural gas companies filed for bankruptcy in 2015, according to consulting firm Gavin/Solmonese.<p>That represents a 379% spike from the previous year when oil prices were substantially higher.<p>With oil prices crashing …

China’s coming crash could dwarf the great recession—says an investor who called 2008

China is heading for further financial chaos. In the near future the yuan could lose a third of its value against the dollar, the government would need to print more than $10 trillion to keep banks liquid, and financial institutions are set lose trillions of dollars in equity value.<p>That’s according …

Venezuela is on the brink of a complete economic collapse

The only question now is whether Venezuela's government or economy will completely collapse first.<p>The key word there is "completely." Both are well into their death throes. Indeed, Venezuela's ruling party just lost congressional elections that gave the opposition a veto-proof majority, and it's …

Kim Jong-un's father wanted to end hereditary rule, top spy reveals

New book claims that Kim il-Sung planned changes that would have stopped Kim Jong-il taking power<p>Kim Jong-il, the former leader of North Korea, planned to end the hereditary system of rule that handed power to his son Kim Jong-un, a new book by a top South Korean spy has revealed.<p>In a move that …

North Korea

New York Governor Unveils $5B Clean Energy Fund

New York Gov. Andrew Cuomo announced Thursday a commitment for the state to spend $5 billion over 10 years on infrastructure and projects that will …

McConnell makes war authorization move

Senate Majority Leader Mitch McConnell made a quiet move this week on a sweeping war authorization measure written by one of his most hawkish members — an effort to pressure the White House to craft a war proposal more to the GOP’s liking.<p>President Barack Obama sent lawmakers an authorization for …

Mitch McConnell