Autonomous vehicles are already making profound choices about whose lives matter, according to experts, so we might want to pay attention. “Every time the car makes a complex maneuver, it is implicitly making trade-off in terms of risks to different parties,” Iyad Rahwan, an MIT cognitive scientist, wrote in an email.
Day: December 29, 2016
Futures Higher, Asia Mixed as End Nears for 2016
Futures are higher late Wednesday but they have been all week and the market went the opposite direction in regular trade. Futures for U.S. markets were higher late Thursday, but they have provided little guidance to Wall Street’s performance in regular trade in the final week of the year as both the Trump and Santa rallies wilted.
RBI Warns of Stress as Indian Banks’ Bad Loans Hit 14-Year High
Bad debts at Indian lenders, especially those in the dominant state-run sector, have climbed to a 14-year high and could swell further, putting a strain on their capital buffers and profitability, a central bank study showed. The industry’s gross bad-loan ratio jumped to 9.1 percent in September, from 7.8 percent in March, according to the Reserve Bank of India’s Financial Stability Report released Thursday.
Nomura to Deepen Cost Cuts as CEO Seeks to Keep Ship Afloat
The code name chosen for Nomura Holdings Inc.’s latest cost-cutting drive indicates how strongly its chief executive sees the need for savings at Japan’s largest brokerage. After slashing hundreds of overseas jobs since April, CEO Koji Nagai has unveiled his so-called “Waterline Project,” which will attempt to combat waste and improve the cost-effectiveness of the bank’s daily operations over the next three years.
NBC Boston launches Jan. 1, but Bristol County will be in the dark
A new television station, NBC Boston, goes live in Eastern Massachusetts and Southern New Hampshire on New Year’s Day, carrying the NBC lineup of programs along with an emphasis on regional news, sports and weather. Channel 7, WHDH-TV, the current and longtime NBC Boston affiliate, is converting to a mostly news format, with expanded coverage of local news, station officials have said.  Borrowing many on-air people from New England Cable News, which along with Telemundo shares the same ownership by Comcast, the startup is a major development in the Boston television market.
SpaceX shares first public image of Falcon Heavy
SpaceX released its first public image of the Falcon Heavy rocket that it hopes will ferry a crewed Red Dragon capsule to Mars in 2018. The Wednesday reveal was made on Instagram by the very social-media friendly company.
2 Things to Watch From Qualcomm Inc. in 2017
Although the company’s stock price is up about 34% year to date , its financial results in its most recent fiscal year were uninspiring. Qualcomm closed its fiscal year on Sept.
Nomura to Deepen Cost Cuts as CEO Seeks to Keep – Warship’ Afloat
The code name chosen for Nomura Holdings Inc.’s latest cost-cutting drive indicates how strongly its chief executive sees the need for savings at Japan’s largest brokerage. After slashing hundreds of overseas jobs since April, CEO Koji Nagai has unveiled his so-called “Waterline Project,” which will attempt to combat waste and improve the cost-effectiveness of the bank’s daily operations over the next three years.
India cash crunch: Rupee deposit deadline looms
People in India have until the end of Friday to deposit discontinued notes in bank and post office accounts, or risk their money becoming worthless. Early last month the government scrapped the 500 and 1000 rupee notes to crack down on undeclared money and fake cash.
Russia is already retaliating against new US sanctions over…
Russia is already retaliating against new US sanctions leveled against the Kremlin for cyberattacks designed to interfere with the US presidential election. In response to the expulsion of 35 Russian diplomats who have been given three days to leave the US, Russia ordered the closure of the Anglo-American School of Moscow, CNN reported on Thursday, citing an unnamed US official with knowledge of the action.
Cables Restaurant in Woodland Hills set to serve final order
From left, Allan Klein, Ilene Kline, Beth Cohen and Stanley Cohen enjoy their last meal at Cables in Woodland Hills on Thursday, Dec. 29, 2016, ahead of its closure this weekend. WOODLAND HILLS>> Cables Restaurant in Woodland Hills, a popular Ventura Boulevard dining spot for more than four decades is closing on Saturday, the latest tenant to leave a shopping center that is slated for renovation.
Nomura’s Nagai to Deepen Cost Cuts in Project Dubbed – Waterline’
Nomura Holdings Inc., the Japanese brokerage that has cut hundreds of jobs overseas since April, is now embarking on a companywide review of spending in order to reduce operating costs further over the next three years. Under the plan, called the “Waterline Project,” Nomura will evaluate the cost-effectiveness of employees’ daily activities and of the bank’s operations to determine how much money can be saved by 2020, Chief Executive Officer Koji Nagai said in an interview in Tokyo.
Resolutions for Trump and Congress
In the spirit of New Year’s, here are four resolutions for President-elect Trump and Congress that will enable them to really make America great again: Resolutions for Trump and Congress In the spirit of New Year’s, here are four resolutions for President-elect Trump and Congress that will enable them to really make America great again: Check out this story on jacksonsun.com: In the spirit of New Year’s, here are four resolutions for President-elect Trump and Congress that will enable them to really make America great again: 1. Audit the Feda .and then end it: The Federal Reserve Bank’s easy money polices have eroded the American people’s standard of living and facilitated the growth of the welfare-warfare state.
Apple Has a Lot to Lose if its Favorable Chinese Manufacturing Deals Unravel
A Thursday New York Times report provides fresh arguments. It also shows just how much Apple, and perhaps some other U.S. tech giants dependent on Chinese manufacturing, have to lose if the trade status quo with China is disrupted in a major way.
Renting in LA County, Inland Empire is getting more expensive at a fast rate
Los Angeles County and the Inland Empire posted some of the nation’s steepest rent increases during the fourth quarter of 2016, according to figures released this week. Axiometrics , a research firm that tracks apartment development and rental trends, showed that L.A. County was tied with the Las Vegas-Henderson-Paradise, Nevada region for the biggest quarterly increase in rental prices among the top 25 U.S. markets.
Why Cliffs Natural Resources, Groupon, and Alnylam Pharmaceuticals Slumped Today
Thursday was another sluggish day on Wall Street, with the Dow once again moving away from the 20,000 mark rather than toward it. Most major market benchmarks were down slightly on the day, as investors seemed content to coast into the end of the year as they wait to see whether things in 2017 will go as well as the recent stock market rally would suggest.
Gold and Silver Stocks Surge Higher, but Can This Relief Rally Last?
Up until August, precious metals like gold and silver were the stars of 2016. In many instances, you could have thrown a dart and picked a gold or silver miner that had at least doubled in value this year.
Baidu’s Big Bet That Could Pay Huge Dividends
It faced public outcry due to the death of a college student who underwent an experimental cancer treatment advertised on its site. And the Chinese government introduced new strict regulations on internet advertising which weighed heavily on short-term results.
Global Advertising Growth to Accelerate in 2017, Forecaster Says
After a 7.1 percent gain in 2016, next year will post a double-digit percentage increase, predicts IHS Markit, which also highlights that four of the five fastest growing countries of the past year are in Africa. Big brand budgets and quadrennial events, such as the Rio Summer Olympics, the summer’s European soccer championship and the U.S. presidential election will drive global advertising revenue to $532 billion in 2016, up 7.1 percent, according to estimates released Thursday by research firm IHS Markit.
Modi Set to Face Fallout From His 50-Day Cash Promise to India
Short of a miracle, India’s prime minister Narendra Modi will fail to meet his own 50-day deadline to restore order to the country’s economy and ease the hardship faced by ordinary citizens following the chaos of his sudden currency ban. In an emotional plea to citizens following the withdrawal of 86 percent of the currency in circulation in a bid to target corruption, Modi promised the inconvenience would all be over by December 30. But demonetization’s trail of devastation — on farmers, workers, small shopkeepers, low-income households and businesses — is yet to ease.
Dealmaker Thohir Swoops In on Insurance After Inter Milan Sale
Indonesian businessman Erick Thohir, whose investments have ranged from newspapers to sports teams in the U.S. and Europe, is now betting on life insurance. A group led by Thohir plans to invest 2 trillion rupiah to gain full ownership of Asuransi Jiwa Bumiputera, a new unit of century-old mutual insurer AJB Bumiputera 1912, the insurance firm’s statutory manager said Wednesday.
BusinessAviationVoice: Aerion Quietly Presses Forward
Really? Taken verbatim, the headline was very misleading, since there are no supersonic commercial flights-or aircraft in service-to provide supersonic travel anywhere. The editors obviously figured why let the facts stand in the way of a bit of hype to pull readers into an article about Boom Technology, a Denver-based aerospace startup that has its sights set on developing a 45-seat jetliner that will cruise at 1,451 miles per hour.
Gawker Cements Settlement With Daily Mail Over Controversial Story
A scathing story that alleges DailyMail.com fabricated stories will remain viewable, coupled with a response from the British tabloid’s website. Wednesday, Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the Southern District of New York in Manhattan approved a settlement between Gawker’s bankruptcy estate and DailyMail.com, the website of a prominent British tabloid.
Changing direction
The industry’s decades-old business model that relied on combustion engines and mass demand for private car ownership is coming to an end The convergence of traditional motor manufacturing and new digital technologies has been shifting slowly through the gears for a couple of years. But in 2016, things hit top speed.
Why Silver Wheaton, Endologix, and PHH Corp. Jumped Today
The stock market continued its slow trudge lower on Thursday, adding to its losses for the week as investors seemed content with the double-digit percentage gains that most major market benchmarks have posted for 2016. The Dow fell slightly, widening the gap between its closing level and the 20,000 mark to nearly 200 points, and the S&P 500 and Nasdaq also fell tiny fractions of a percentage point.
What Happened in the Stock Market Today
Cempra, a biotech focused on bacterial infectious diseases, slumped 58% after the Food and Drug Administration rejected two drug applications related to its lead product, solithromycin. The applications applied to oral and intravenous versions of the drug aimed at treating community-acquired bacterial pneumonia, or CABP.
Nvidia’s Savvy Capital Return Efforts
This program intended to return cash to shareholders through regular dividends and share repurchases. In November 2012, Nvidia announced its first quarterly dividend of $0.075 per share.Based on the closing price on the day of the announcement, this represented an annual dividend yield of 2.4% — a healthy yield for a nimble, relatively small,tech company with above average growth prospects.
Most Popular & Most Hated ETFs of 2016
The year 2016 has been filled with great oscillations as investors were taken on a wild ride, with some markets and exchange traded fund standing out from the rest.
How Tax-Savvy Are You? Find Out Here
You’re probably not as tax-savvy as you think you are or want to be. That’s not surprising, though, because our tax code is ridiculously massive and complex.
How Coca-Cola Can Increase Its Value in 2017
Its drive to refranchise nearly all of its North American bottling operations by the end of 2017 appears to be on track.This initiative will leave Coca-Cola as an asset-light business focused on concentrates and the marketing of its 500-plus global brands. And in May of next year, Chief Operating Officer James Quincey will succeed Muhtar Kent as CEO, with Kent continuing as Chairman of the company’s board of directors.
Behind the Obama Administration’s Sanctions on Russia
Dec. 29, 2016 – 5:58 – Former U.S. Ambassador to the U.N. John Bolton weighs in on the U.S. imposing sanctions on Russia in response to the alleged election hacking.
Kate Spade Said to Kick Off Formal Sale Process Next Month
Kate Spade & Co. , which is exploring a sale of the handbag maker, plans to kick off a formal auction process next month, with interest from six possible bidders, according to a person familiar with the situation.
A woman who chose to keep working when her husband retired at…
Mad Fientist , chose to live frugally in rural Vermont, where he managed to save and invest about 70% of his after-tax income . “I’d never been a spender,” Brandon, who worked as a software developer, told Business Insider .
Wall Street has come to a consensus about China in 2017 – …
A recent report from China Beige Book, a survey of the country’s economy, is challenging Wall Street’s prevailing notion about China in 2017. Xi Jinping will want to keep the economy stable so there’s no distraction from his relentless effort to consolidate power.
‘Star Wars’ actor says there’s an ‘enormously different’…
Since the release of the “Star Wars” standalone movie, “Rogue One: A Star Wars Story,” we have begun to realize how much tinkering was done to the movie not just in the reshoot phase but throughout principal photography. The most recent example is an interview with actor Ben Mendelsohn, who plays Orson Krennic in the movie, in which he hinted at the amount of alternative footage there is for the movie.
Successful people share 11 ways to make 2017 your most…
If you pay close attention to Business Insider’s Strategy vertical, you’ll notice we frequently share productivity tips from an expert we’ve just interviewed, a book we’ve just read, or new research we’ve just scoured. So, since you’re here to learn how to make better use of your time, we thought we’d save you some and round up the best productivity tricks out there.
NFL head coaches have good job security when compared to other…
On Tuesday, the Buffalo Bills became the 19th different NFL team to change head coaches in just the last three seasons. While that may seem like terrible job security, NFL coaches actually have it pretty good.
Keep an Eye on Tax Rates When Adding Income
More income is generally a very good thing, but some of the impact of a higher income can be blunted by a higher tax rate. Fortunately, there are sensible steps you can take to make sure you’re taking full advantage of that new money.
Thursday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Music & Electronics Stores
In trading on Thursday, non-precious metals & non-metallic mining shares were relative laggards, down on the day by about 1.3%. Helping drag down the group were shares of Cliffs Natural Resources , down about 5.8% and shares of Century Aluminum Company off about 4.7% on the day.
Thursday Sector Leaders: Precious Metals, Electric Utilities
In trading on Thursday, precious metals shares were relative leaders, up on the day by about 5.6%. Leading the group were shares of Gold Resource , up about 14.5% and shares of Asanko Gold up about 12.8% on the day.