Business

Bitcoin plummets after small crypto exchange hacked

A South Korean cryptocurrency exchange said it suffered a "cyberintrusion", prompting bitcoin prices to fall sharply toward year lows. That's a drop of more than 60 percent since bitcoin's all-time high of almost $20,000, which it reached last December.

Porsche's Electric Mission E Becomes the Taycan

Besides confirming the name, Porsche CEO Oliver Blume revealed the Taycan will be powered by two electric motors that produce a combined output of more than 592 hp (441 kW / 600 PS). The Taycan is now tested in prototype form and shouldn't be much different from the Mission E concept , at least performance-wise. Porsche's got a history with names that are a bit, shall we say, different.

ZTE signs preliminary agreement to lift USA ban

The company relies on US -made components for many of its products, and also sells many of those products to USA customers. What might "happen" is that ZTE will pay a US$1 billion fine, plus $400 million in escrow, an asset held by a third-party, to cover any future violations, according to a Reuters report .

Tesla rallies with Model Y in the mix

The decision represented a major show of confidence in Musk , who has drawn criticism in recent months amid stock pressure, concerns about Tesla's ability to meet production benchmarks and his treatment of media figures and analysts. Kimbal Musk - who now sits on Tesla's board - would lie to his older brother about the time, telling the future billionaire that the bus would be arriving, several minutes ahead of schedule.

Petrol prices start to fall after hitting four-year high in Australia

Diesel will increase by 85 cents a litre, while the price of illuminating paraffin will rise by 82 cents a litre. In what seems to be another day of relief for citizens and commuters in the country, petrol and diesel prices were cut for the seventh consecutive day on Tuesday .

Starbucks is sliding after Howard Schultz steps down as chairman

Howard Schultz speaks during a media event in Beijing in 2012, when he was chairman and CEO of Starbucks Corp. Starbucks said Myron E. "Mike" Ullman will take over as chairman of the board, and Mellody Hobson will become vice chair (Disclosure: Mellody Hobson is a regular contributor to CBS News).

Merkel's plans for the European Union: joint military force, common migrant asylum standards

Merkel said the initiative "needs to fit into the structure of defense cooperation", which she said should bring down the number of different European Union weapon systems from 180 to "about 30". More must be done to strengthen to the architecture of the eurozone, German Chancellor Angela Merkel said, giving a new push for reforms to the currency union ahead of an EU summit this month.

Sears to close another 72 stores as sales plunge

This includes exploring third-party partnerships involving several of our businesses - such as Sears Home Services, Innovel, Kenmore and DieHard - and gaining further momentum around our new smaller store formats that blend brick and mortar and online experiences.

Amazon to block Australians from global websites due to tax

Amazon will block Australians from buying from its global e-commerce websites and restrict them to a smaller local platform from July in response to new tax rules that consumer advocates fear will reduce the range of choice for customers in Australia .

Trump expected to hit Canada, Mexico, EU with steel and aluminum tariffs

He cited a lack of progress in the renegotiations of the North American free-trade agreement as a reason for President Donald Trump eliminating an exemption Canada was given when worldwide tariffs were announced earlier this year. "You saw his reaction when China made a decision to retaliate". "We believe these tariffs aren't compatible with WTO rules", she said in Lisbon. "Unilateral responses and threats over trade war will solve nothing of the serious imbalances in the world trade".

Google, Facebook among first accused of breaking GDPR laws

Many companies, like Twitter, have recently updated their privacy policies in anticipation of the new law. General Data Protection Regulation will impact the way personal data is manages across the globe. Facebook, which has more than 2 billion regular users, has also said that advertising allows it to remain free, and that the whole service, including ads, is meant to be personalized based on user data.

Oil prices race to $80 as US drilling rises

Brent crude futures, the worldwide benchmark for oil prices, were at $78.21 per barrel at 0639 GMT, virtually unchanged from their last close and not far off a three-and-a-half year high of $78.53 a barrel reached the previous session. In China, the world's biggest oil importer, refinery runs rose almost 12% in April compared with the same month a year ago, to about 12.06-million barrels per day (bpd), marking the second-highest level on record on a daily basis, data showed on Tuesday.

'I'm a hugger', Meghan Markle tells palace

The design incorporates aspect of both Meghan and Harry's lives, and might be a clue to some of the emblems which will be incorporated within their Coat of Arms, which will be designed and given to the couple after their wedding. Tourists are arriving to visit the castle while preparations are still ongoing. Meghan's journey to the church will then continue and she will enter via the West Steps too.

Walmart Inc (WMT) Makes It Official, Finalizes Deal For Flipkart

The partnership will give Walmart a 77 percent stake in a rapidly growing market which is now comprised of 1.3 billion people. The remainder of the business will be held by some of Flipkart's existing shareholders, including Flipkart co-founder Binny Bansal, China's Tencent Holdings, Tiger Global Management and Microsoft , the company said .

Warren Buffet Will Continue To Invest In Apple Stocks

He also responded to a question from the audience about bitcoin by saying that it and other crytpocurrencies "will come to bad endings". Buffett suggested over the weekend that he would buy more shares at the right price. The endorsement was well received and Apple CEO Tim Cook responded to the endorsement and appreciation in kind in a statement where he said , "On a personal level, I've always greatly admired Warren and have always been grateful for his insight and advice".

'Unbreakable Kimmy Schmidt' Plots End After 4 Seasons With Movie Series Finale

The show follows Kimmy Schmidt as she moves to NY after she is rescued from a doomsday cult, where she was being held captive underground by a mad preacher played by Jon Hamm. This revelation follows news that the fourth and final season will be split in two. When we saw her last season, it seemed like Kimmy was finally starting to get her life together, taking a job that seemed ideal for her.

Qualcomm (QCOM) Earns "Buy" Rating from Mizuho

It has outperformed by 5.51% the S&P500. Bokf decreased Qualcomm Inc (QCOM) stake by 28.67% reported in 2017Q4 SEC filing. Tradition Capital Management Llc sold 10,774 shares as the company's stock declined 15.28% with the market. Therefore 48% are positive. Qualcomm had 42 analyst reports since November 3, 2017 according to SRatingsIntel. Macquarie Research maintained it with "Neutral" rating and $55 target in Thursday, April 26 report.

'Amazon makes formal offer to buy 60% stake in Flipkart'

The company was trying to buy 51-55% of Flipkart at the time. Reports suggest that the deal could be wrapped up sometime in June. Flipkart is already in talks with Walmart , the American supermarket retailer, to acquire a majority stake thought to be worth up to $12 billion.

Donald Trump lashes out at 'disgraceful' leak of Mueller's Russian Federation probe questions

Flynn made with the Russian ambassador, Sergey I. Kislyak, in late December 2016? Some questions relate to Russian Federation. The following day, according to memos written by Mr Comey, Mr Trump cleared the Oval Office of other officials and encouraged Mr Comey to drop the investigation into Mr Flynn.

Starbucks CEO apologises after two black men arrested in coffee shop

It also apologizes to the company's other customers as well. T.I. told TMZ as he was leaving LAX on April 15. Don't expect to see T.I. The attorney representing the two men who were arrested last Thursday for sitting in the Rittenhouse Square Starbucks confirms a meeting is set to happen between the CEO and men arrested.