eannewsorg-blog

[eannewsorg-blog]

Trump admits that Senate Republicans may not pass Obamacare repeal bill, 'and that's okay'

Trump admits that Senate Republicans may not pass Obamacare repeal bill, ‘and that’s okay’

President Donald Trump conceded on Tuesday that the current Republican bid to repeal and replace Obamacare may not succeed. Trump met with Republican senators just hours after Majority Leader Mitch McConnell delayed a vote on the party's healthcare bill, saying that if it doesn't pass he would "understand." "This will be great if we get it done," Trump said. "And if we don't get it done, it's…

[eannewsorg-blog]

Inside Apple: How the iPhone almost never happened

Inside Apple: How the iPhone almost never happened

iPhone 10 Years Later: The phone that almost wasn't The original iPhone's development was an epic undertaking cloaked in layers of paranoid secrecy. When Apple's smartphone went on sale on June 29, 2007, the world was dominated by flip phones and Blackberrys with tiny keyboards. People carried iPods for music, Palm Pilots for calendars, and compact cameras for photography. Putting all those…

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THE FLOODGATES OPEN: GOP senators come out in furious force against healthcare bill after vote delayed

THE FLOODGATES OPEN: GOP senators come out in furious force against healthcare bill after vote delayed

Several Republican senators voiced their opposition to the Senate healthcare bill just hours after the GOP leadership said they would delay a vote for the legislation until after the July 4 recess. Senate Majority Leader Mitch McConnell and other leaders will look to come to an agreement with members on a revised bill by the end of the week. By most indications, that will be difficult. After the…

[eannewsorg-blog]

There's still no jury for the Martin Shkreli trial

There’s still no jury for the Martin Shkreli trial

Martin Shkreli in 86 seconds Martin Shkreli is going on trial to face charges that he bilked investors. But it's taking a while to find a jury. Shkreli, the former CEO of Turing Pharmaceuticals, made headlines when he unapologetically hiked the price of a life-saving drug in 2015. His decision to increase the cost of Daraprim, which is used by AIDS patients, from $13.50 to $750 per pill was met…

[eannewsorg-blog]

Carl's Jr. slapped with $1.45 million fine for underpaying L.A. workers

Carl’s Jr. slapped with $1.45 million fine for underpaying L.A. workers

Here's why we get overtime pay The City of Los Angeles is going after Carl's Jr. for not paying its workers enough. On Monday, city officials demanded $1.45 million in fines and restitution from the fast food chain, alleging that it failed to pay the minimum wage to employees at multiple locations for six months in 2016.

[eannewsorg-blog]

Something called Ethereum is suddenly all over the news — here's what the bitcoin rival is all about

Something called Ethereum is suddenly all over the news — here’s what the bitcoin rival is all about

Just when you thought you had your head around bitcoin, along comes Ethereum.The word has been in a lot of headlines lately — as the cryptocurrency world's new favorite thing soared in value. To be more specific, the price of something called an ether token is up over 3,000%.Bitcoin, which is far more widely known as an alternative 'currency', is up about 141% so far this year. But what exactly…

[eannewsorg-blog]

Deutsche Bank is reportedly staring down a $60 million trading loss (DB)

Deutsche Bank is reportedly staring down a $60 million trading loss (DB)

Deutsche Bank could be staring down a $60 million loss after a bad bet on inflation, Bloomberg reported Tuesday. The German lender's supervisory board is reportedly investigating whether traders flouted risk limits on derivatives trades tied to US inflation, generating concerns over the strength of the company's risk controls. Bloomberg reported that the bank does not expect the bad bet to turn…

[eannewsorg-blog]

A key GOP senator gave an ominous warning for the future of the Senate Republican healthcare bill

A key GOP senator gave an ominous warning for the future of the Senate Republican healthcare bill

Senate GOP leaders decided to delay a vote on the party's healthcare bill on Tuesday until after the week-long July 4 recess. But the immediate reaction from one key senator made any change in fortune seem less than likely. Sen. Susan Collins, a moderate from Maine, told reporters that it would take more than just a few "tweaks" to get her on board with the bill. "I will say I have so many…

[eannewsorg-blog]

UBS: Things could get messy if oil drops below $40 (WTI)

UBS: Things could get messy if oil drops below $40 (WTI)

If oil prices dip below $40, it won't just be a problem for energy companies. It could hamper profits for corporations worldwide. That's according to new research from UBS, which notes that the "health of the energy sector remains critical for corporate credit," and that sustained weakness in oil prices poses a broader risk to corporate profits. Debt in the energy sector accounts for about 15% of…

[eannewsorg-blog]

TECH STOCKS SELL-OFF: Here's what you need to know

TECH STOCKS SELL-OFF: Here’s what you need to know

Tech stocks including Microsoft, Facebook, and Apple sold off on Tuesday, as the Nasdaq fell the most among the three main indexes. Alphabet fell 2.2% after EU antitrust regulators slapped the tech giant with a record-breaking fine. Here's the scoreboard: Dow: 21,310.66, -98.89, (-0.46%) S&P 500: 2,419.38, -19.69, (-0.81%) Nasdaq: 6,146.62, -100.53, (-1.61%) US 10-year bond yield: 2.205% (+0.068)…

[eannewsorg-blog]

The GOP healthcare fight is creating a lot of uncertainty around health startups that flourished under Obamacare

The GOP healthcare fight is creating a lot of uncertainty around health startups that flourished under Obamacare

Senate Republicans released their version of a plan to repeal and replace Obamacare last week, and it, like the one passed by the House of Representatives, could have a major effect on health tech companies started in recent years. The Senate's plan, like the one passed by the House in May, dismantles many of the provisions of Obamacare, as well cutting funding to the Medicaid program. The…

[eannewsorg-blog]

Massive cyberattack targets Europe, U.S.

Massive cyberattack targets Europe, U.S.

How to protect yourself from hackers Hackers launched blistering attacks Tuesday against companies and agencies across the world. Major global firms reported that they were under attack, including British advertising agency WPP (WPPGY), Russian oil and gas giant Rosneft and Danish shipping firm Maersk. "IT systems in several WPP companies have been affected by a suspected cyber attack," said WPP…

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Twitter hires new head of diversity

Twitter hires new head of diversity

Melinda Gates: We need 'more diverse teams' Twitter has a new head of diversity. The company announced on Tuesday that Candi Castleberry-Singleton is its new VP of Inclusion and Diversity. Most recently, she was the founder and CEO of the Dignity & Respect Campaign, which helps organizations and communities build cultural awareness and promote inclusion. She also worked at Walgreen's (WBA),…

[eannewsorg-blog]

Have oil prices stopped plunging?

Have oil prices stopped plunging?

Summer gas prices dip to 12-year low Just six months ago, many on Wall Street thought $60 oil was a slam dunk. That turned out to be a terrible bet. Crude oil prices plunged to $42 a barrel last week, sinking into a bear market amid renewed concerns about a massive supply glut that just won't go away. Some even feared a return to the sub-$30 prices that spooked global investors early in 2016.

[eannewsorg-blog]

Here are the companies and government agencies affected by the cyberattack sweeping the globe

Here are the companies and government agencies affected by the cyberattack sweeping the globe

A massive cyberattack on Tuesday has hit Ukraine particularly hard and caused chaos across much of Europe. Companies and government agencies in Ukraine, Russia, the UK, France, and Norway have reported ransomware demanding payment to unlock their files. It's unclear who's behind the attack, which harks back to the WannaCry virus that affected 150 countries in May, or whether all of the reported…

[eannewsorg-blog]

Something called Ethereum is suddenly all over the news — here's what those headlines are about

Something called Ethereum is suddenly all over the news — here’s what those headlines are about

Just when you thought you had your head around bitcoin, along comes Ethereum.The word has been in a lot of headlines lately — as the cryptocurrency world's new favorite thing soared in value. To be more specific, the price of something called an ether token is up over 3,000%.Bitcoin, which is far more widely known as an alternative 'currency', is up about 141% so far this year. But what exactly…

[eannewsorg-blog]

Massive hack attack targets Europe, U.S.

Massive hack attack targets Europe, U.S.

How to protect yourself from hackers Hackers launched blistering attacks Tuesday against companies and agencies across the world. Major global firms are reporting they're under attack, including British advertising agency WPP (WPPGY), Russian oil and gas giant Rosneft and Danish shipping firm Maersk. "IT systems in several WPP companies have been affected by a suspected cyber attack," said WPP on…