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Supporters of Donald Trump's presidential campaign are furious over a Home Depot worker who was spotted wearing a hat critical of the US.
The hat reads "AMERICA WAS NEVER GREAT" — which is a play on Trump's campaign slogan, "Make America great again."
Someone snapped a photo of the employee wearing the hat at a Home Depot in Staten Island, and shared it online.
The photo went viral on social media.
Hundreds of Trump supporters are now threatening to boycott Home Depot in response.
"This is disgusting," customer Trevor McNulty wrote on Home Depot's Facebook page. "If we do not hear what action was taken against this employee and the manager, I will never step foot in any of their stores again. You've got until Monday HD." The comment has been "liked" 54 times.
Another person wrote, "If this woman is not fired I will never shop at Home Depot again. She represents everything that is wrong with our country!"
Home Depot has swiftly responded to critics on Twitter and Facebook, saying the hat was inappropriate.
Agree this isn’t appropriate & we wouldn’t allow it, but the store team didn’t see it. This doesn’t represent HD’s opinion.
— The Home Depot (@HomeDepot) May 18, 2016
The employee who wore the hat, 22-year-old Krystal Lake, is now getting inundated with death threats, according to the Staten Island Advance.
"The point of the hat was to say America needs changing and improvement," Lake told the Advance. "I don't think it's a positive message to say, "Let's look to the past.'"
She claims that none of her managers reprimanded her for wearing the hat. She also claimed that she's not the only employee sharing a political message in stores. She says she has seen other employees wearing pins supporting Donald Trump.
Home Depot did not immediately respond to our request for comment.
A spokesman for the company told the Advance that the Staten Island store would be "following up with the matter to ensure that it will not happen again."
"We appreciate and understand the concerns of our loyal customers," he said. "In terms of the message, our associates are not permitted to wear items that reflect political statements. Unfortunately, no one on our management team saw her wearing the hat — otherwise, they would have had her remove it immediately."


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The newlywed and new mom was kind enough to rope her personal trainer and trainer to the stars, Jeanette Jenkins in to share in her secrets.
The singer's seven week success has been made available to the rest of us, plebs, in the form of a six week weight loss and fitness programme.
Jeanette promises to bring "6 weeks of workouts, motivation, nutrition and healthy living tips to help you reach your 2015 health and fitness goals!"
Some of the essentials include preparing your meals at home, having at least three cups of green tea with lemon daily, drink water that amounts to half of your body weight in ounces and have a minimum of three servings of green vegetables daily.
Jeanette has made herself available on Twitter, Instagram and her blog for daily inspiration to keep you on track. Her blog also has a 7 day meal plan and an index to measure how many calories you should be eating daily to lose weight.
These stunners have been so kind, we have no reason to be in shape in six weeks.
Int he meantime, Kelly continues to enjoy being a new mom and wife while getting her sexy back on.
She and her hubby, Tim Witherspoon, welcomed baby Titan Jewell in November last year.
Source: E! ONLINE

domain: news


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Price of dairy products set to SOAR: Four pints of milk to increase by 50% from £1.15 to £1.70 while pack of butter will rise from £1.55 to £2 as farmers face rocketing food and fuel costs
- Surging costs from feed, fertiliser and fuel could cause major increase in prices
- Crisis talks in Brussels last week over soaring costs and supply chain disruption
- Cost of four pints of milk could rise from around £1.15 to between £1.60 and £1.70
- Meanwhile a typical pack of butter could increase from £1.55 to more than £2
The price of milk is to rise by 50 per cent and butter by 30 per cent amid a worsening cost of living crisis, it has been claimed.
Industry bosses fear that surging costs from feed, fertiliser and fuel will cause an increase in prices not seen in decades.
It comes as dairy farmers flew into Brussels last week for crisis talks over soaring costs and supply chain disruption.
The cost of four pints of milk will rise from around £1.15 to between £1.60 and £1.70, according to the UK’s leading adviser to dairy farmers Kite Consulting.
Meanwhile a typical pack of butter could increase from £1.55 to more than £2. The war in Ukraine is also said to be impacting prices.
A dairy farmer takes fresh milk from a storage tank at a dairy farm in Devon on March 25
Experts from Kite also say that cheese could go up in price by about 20 per cent from around £8/kg to £10/kg because milk is such a big component of the manufacturing process.
There could also be an increase in the price of yoghurts, although this is harder to estimate because they have a much bigger range of cost in inputs such as raspberries and apricots which have also gone up in a value.
And while four pints of milk at Aldi is still at £1.15 – well below the average of £1.30 seen at most other supermarkets – experts say the supermarket is likely to be increasing the prices of other products to make up for the loss it is facing on milk.
Michael Oakes, the dairy board chair of the National Farmers’ Union, told the Daily Telegraph: ‘I was paying about £7,000 for an artic [articulated lorry] load of fertiliser, and this year it’s £28,000.
‘It would have been a little bit less before Ukraine happened, but it made another big jump because we’d already seen higher gas prices, which have implications for fertiliser costs.’
UK dairy bosses have raised concerns over their costs to the Government but the Department for Environment, Food and Rural Affairs (Defra) is said to be only in ‘listening mode’.
A dairy farmer tends to his herd in Devon on March 25. Industry bosses fear that surging costs from feed, fertiliser and fuel will cause an increase in prices not seen in decades
Last week, the British Egg Industry Council (BEIC) said consumers could see egg shortages within ‘a matter of weeks’ unless retailers raise prices to cover rapidly increasing production costs.
The industry body warned that customers were likely to see shortages without urgent action.
It predicted 10 per cent to 15 per cent of farmers could leave the industry, with many on the brink of bankruptcy due to the unprecedented rises in the cost of production.
It said farmers were losing money on every egg they produced due to feed cost increases, exacerbated by the war in Ukraine, which had added 25p to 30p per dozen.
Last week, the British Egg Industry Council said consumers could see egg shortages within ‘a matter of weeks’ unless retailers raise prices to cover rapidly increasing production costs.
Yesterday, Transport Secretary Grant Shapps said Chancellor Rishi Sunak will always be looking at what else he can do to support people, amid criticism of the Government’s handling of the cost-of-living crisis.
Mr Shapps insisted Mr Sunak has ‘already provided billions and billions of pounds to try to relieve the pressure’.
But Labour leader Sir Keir Starmer has lambasted the Government for what he claims are ‘pathetic’ attempts to ease the burden on people struggling with rising bills.
That sentiment was echoed by shadow business secretary Jonathan Reynolds, who said yesterday he is ‘angry’ at the scale of the crisis, arguing that ministers have not done enough to tackle the problem.


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By WIM OUDE WEERNINK
Automotive News Europe
FRANKFURT - Volkswagen Group's new CEO, Bernd Pischetsrieder, inherits record earnings and some thorny problems.
To begin with, he has to repair a small-car strategy that isn't working.
In his final year as management board chairman, Ferdinand Piech delivered a profit of 2.9 billion euros, or about $2.6 billion at current exchange rates, on record revenue of $79 billion.
But the 54-year-old Pischetsrieder faces a sales slump. And he must move quickly to coordinate the two car divisions that he and Piech formed last year.
VW Group's sales in Europe declined 9.5 percent to 676,259 units in the first quarter, compared with a 4 percent drop for the Western European market as a whole. The VW brand was down 13.5 percent, to 379,269 units. The group lost a full percentage point of market share in the quarter, to 17.4 percent.
Meanwhile, sales at rivals PSA/Peugeot-Citroen SA and Renault SA increased by 4.3 percent and 2.8 percent respectively in the first quarter.
Pischetsrieder has other problems, too. VW is struggling to develop brand strategies for its two new divisions - VW/Skoda/Bentley and Seat/Audi/Lamborghini. The key issue is how to synchronize model and image strategies.
Analysts say the company needs to better define the roles of Volkswagen and Skoda, since almost all their models overlap.
Analysts expect VW group sales to drop below 5 million this year, and remain stable in 2003. Worldwide sales slipped to 5,107,142 in 2001 from 5,165,046 in 2000.


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Chico’s FAS has appointed Diane Ellis as President of its Chico’s brand. In her new role, Ellis will lead all business activities for the retailer, reporting to Shelley Broader, President and CEO of Chico’s FAS.
Ellis joins Chico’s from The Limited, where she served as CEO since 2013. Ellis helped drive the strategy behind the company’s growth and business transformation. Previously, she was President and Chief Operating Officer of Brooks Brothers, and was a founding partner of Lighthouse Retail Group. Ellis has 35 years of retail experience in merchandising, planning, strategy, e-Commerce, product development, supply chain and more.
“Diane is a seasoned leader who has proven time and again that she is one of the most strategic business and brand builders in retail. She brings merchandising, marketing and operational expertise as well as a strong passion for our customers,” said Broader, in a statement. “As we continue to position our Company to win in the future, I am proud to welcome Diane to Chico’s.”
The appointment follows struggling Q2 results for Chico’s: net sales dropped by 7.3% compared to Q2 2015. The retailer also announced that it will cut 200 corporate and field leadership jobs as an attempt to reduce costs.


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Corporate fintech firm has closed a whopping $40 million series C funding round led by Faering, Amazon, Premji Invest, Sequoia, and others. The startup will utilize the current funding in developing investment products that will allow individual investors to participate in the share market.
Smallcase’s Series C Funding Round Details
On Wednesday, Fintech firm Smallcase has announced that it has raised $40 million led by Faering, Amazon, Premji Invest, Sequoia, others. Existing investors Sequoia Capital India, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures, and HDFC Bank also actively participated in the recent round.
In the concluded funding round, the biggest positive for Smallcase is the participation of new investors Amazon, and Premji Invest. This is the first investment by Amazon in the wealth management startup. While Premji Invest is the private investment firm of entrepreneur Azim Premji. Smallcase has so far raised over $60 million in different funding rounds.
The startup will invest current funding in creating user-centric investment products that will encourage individual investors to share in the capital market. Transparency and a delightful experience for its users and partners are the major objectives of Smallcase while developing the product and online platform.
About Smallcase and its Growth
The company is committed to providing the best user experience by developing core building blocks for all of its customers. In its official statement, Smallcase said, “Our true success will lie in developing the core building blocks for every investor’s portfolio and becoming a key part of their toolkit.”
The startup is offering a new, fast-growing category of investment products by developing an ecosystem of over 250 businesses in the capital markets space including brokerages, advisors, investment managers, and digital wealth platforms.
Talking about the transparency and the other user-centric features, co-founder Kamath said, “We are excited for our roadmap and the future and remain incredibly grateful to our users, partners, and team for their constant love, support, and feedback.”
A six-year-old startup founded by IIT-Kharagpur alumni Vasanth Kamath, Anugrah Shrivastava, and Rohan Gupta has entertained over 3 million users till now. The startup has also claimed that it processes $2.5 billion smallcases yearly.


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This week in our technology news roundup we take a look at the cool wearable tech at this year’s Winter Olympics in South Korea, the UK gov launches new Tech Talent Charter to address diversity, Google introduces Android KTX and MP’s address fake news with US tech giants.
We’d love to take our news round-up to the next level this year and provide something for the whole of the technology industry, as well as throwing some of our own insight and expert advice. Do let us know your comments on the news round-ups and anything you’d like to read in the coming weeks.
Wearable tech at the Winter Olympics
With the winter Olympics starting today it’s interesting to discover the different types of wearable tech that will help the athletes not only skate faster but stay warm in Pyeongchang, South Korea. Tech has always played a major part in previous Olympics, but this year major fashion brands have brought their connected clothing to athletes at this winter Olympics; from Ralph Lauren’s self-warming jacket to Samsung’s smart suit to help increase the speed of skaters.
Click here to read more about wearable tech at the Olympics
(Tech Republic) 08/02/2018
UK Government launches new Tech Talent Charter to address diversity issue
With ongoing concerns over the lack of diversity in the tech industry, the Government has called upon tech giants to commit to interviewing more women for new roles. The digital minister Margot James will write to technology firms such as Google, Twitter and Facebook to request they adopt the Tech Talent Charter. This charter includes a set of measures seeking to address the lack of women in senior posts at prominent tech businesses.
Click here to read more about the Tech Talent Charter
Introducing Android KTX for Kotlin Development
Android KTX are a set of extensions that improve the process of writing Kotlin code for Android and will enable developers to do a number of new things; from converting strings to URI’s more naturally to easily editing SharedPreferences. Developers will be pleased with this new announcement, as not only will it be more efficient at translating path differences but also simplifying the process of triggering an action with View onPreDraw by several lines of code.
Click here to read more about the Android KTX release here
(SD Times) 06/02/2018
MP’s to address fake news with US tech giants
The UK’s digital, culture, media & sports committee have travelled to Washington to hold a hearing with tech giants Facebook, Google and Twitter surrounding fake news on their platforms. The House of Commons committee will grill representatives and they will also hear evidence from a range of academics, news journalists and broadcasters. This hearing shows that the UK and US are taking the problem of fake news very seriously, with mounting pressure on tech firms to do more to tackle it.
Click here to read more about the fake news hearing
(BBC Tech) 08/02/2018
Our weekly Technology news round-up regularly features supplier news, product launches, events, our own articles, and much more. Check back each week to catch up on the industry news affecting the Technology sector collated by our team of Technology consultants.
If you have a news article you would like featured in our industry news or would like to work with Eligo Technology to produce content please do not hesitate to get in touch.
If you want to hear more news about the technology jobs market, contact us at email@example.com or follow us on Twitter at @Eligchlo. You can also check out our page for the latest jobs in development, data, digital marketing, testing, IT support and more.


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The agency will handle their ecommerce business, including strategy, content creation, media activation, catalogue management, and more
Interactive Avenues has been awarded the e-commerce mandate for Twinings. The account will be serviced by the agency’s Gurugram office.
With a heritage of over 300 years, Twinings is known for its range of teas and wellbeing drinks. Interactive Avenues will focus on expanding the brand’s ecommerce sales and driving growth across India’s biggest marketplaces.
The agency will handle their ecommerce business, including strategy, content creation, media activation, and catalogue management among other things. They will leverage their proprietary ecommerce solution, ‘Carter,’ to deliver data-driven insights, optimise the brand’s media campaigns, and drive profitability.
“Interactive Avenues has a proven track record of executing successful e-commerce campaigns and delivering significant business results for leading brands. We are confident that their deep digital expertise will help us amplify our online presence and strengthen our reach in India. We look forward to collaborating with their dynamic team,” said Jonathan Ellis, Head of Marketing – India, Twinings.
Shashank Rathore, Vice President – Ecommerce, Interactive Avenues added, “We are delighted to announce our collaboration with Twinings, a household name in India and across the globe. To facilitate their leadership on e-commerce platforms, we will deploy best-in-class strategy frameworks and automation-led tools, with a sharp focus on the end-to-end customer journey. We will also leverage the capabilities of our in-house production studio, Echo to build visually stunning content for the brand.”
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TOKYO: Second-quarter outcomes from Japan’s Fast Retailing Co, proprietor of clothes model Uniqlo, will on Thursday provide a window into how quickly demand in China is recovering after the lifting of pandemic curbs.
The corporate, Japan’s greatest retailer, reported a 2% dip in working profit within the first quarter, partly as a consequence of lingering results of COVID-19 restrictions in China, its greatest abroad market. China scrapped most of its COVID curbs on the finish of final yr and reopened to vacationers final month.
Traders will even be how vital wage will increase introduced in January are impacting the corporate’s backside line.
For the complete yr, analysts predict revenue to achieve 347 billion yen, 17% increased than the report earnings achieved final yr.
The corporate, based by Japan’s richest man, Tadashi Yanai, has almost 900 Uniqlo stores in China, making it a bellwether for international retailers on the earth’s second-biggest economic system.
As COVID curbs dampened Chinese language operations over the previous few years, Quick Retailing put elevated deal with its North American and European companies.
“We see vital dangers to the corporate’s valuation, particularly with the China rebound taking longer than anticipated,” LightStream Analysis analyst Oshadhi Kumarasiri wrote in a report on the Smartkarma platform.
Quick Retailing mentioned it will increase wages by as a lot as 40%, sending shockwaves all through company Japan. The corporate estimated on the time that total personnel prices in Japan would rise about 15% from the earlier yr.


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Most Americans are comfortable with drones becoming commonplace, according to new research about consumer attitudes toward drones from the Consumer Technology Association (CTA).
The study shows that a little more than three-in-four (76%) of U.S. adults are unfazed by drone use by local law enforcement, and nearly the same amount are comfortable with drone use by utility and construction companies (71%) and educational institutions (70%).
Hobbyists are even more comfortable with drones, the report says. Seventeen-in-20 (86%) of drone owners support any adult flying a drone for general purposes. Today, 13% of U.S. households – some 15.6 million U.S. households – own a drone, up from 10% in 2018. Another 12% of households plan to buy a drone in the next year.
The research adds that nearly all (99%) drone owners use their devices for recreational uses including general purpose flying (72%), amateur aerial photography and videography (55%), and racing (23%). Small- (59%) and medium-sized (58%) drones are most common, and most owners have more than one device.
“Drones are making work safer and more efficient for professions such as newsgathering, construction, utility inspections and first responders,” said Steven Hummel, CTA senior research analyst, market research, in a prepared statement. “At the same time, innovations in technology have made drones more accessible for consumers with enhanced features that can turn anyone into a hobbyist or indoor racing enthusiast. The possibilities of drones are limitless.”
Among the other CTS findings:
- Keeping out of the way of emergency vehicles and operations (89%) and remaining a safe distance from people, other aircrafts and vulnerable property (88%) are most important to consumers, regardless of whether they own a drone.
- More than half of all drone owners are married (56%) with children (60%) and own their home (68%). Current drone owners also tend to live in the South (41%) – especially in suburban areas (45%) – and identify as male (62%).
- While only one-third (35%) of U.S. adults are familiar with the Know Before You Fly drone safety education campaign, the campaign has strong brand recognition with current drone owners (63%).


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DuckDuckGo search engine.
Internet users are taking a fresh look at "privacy" search engines that do not store data or track online activity, in light of the flap over US government surveillance.
While Google's market share has not seen a noticeable dent, privacy search engines like US-based DuckDuckGo and European-based Ixquick have seen jumps in traffic from users seeking to limit their online tracks.
"I think people are seeking out privacy alternatives," said Gabriel Weinberg, founder of DuckDuckGo, an engine created in 2007, which does not store IP addresses or create profiles of users.
The ixquick search engine.
The stored data has become a concern following revelations of a massive surveillance program run by the secretive National Security Agency, with access to data from Google, Yahoo! and other internet firms.
US officials say the information gathered is vital in the fight against global terrorism.
The same data and profiles can be used by the search engine to deliver ads and sold to outside marketers as well.
"What people type in their search engines is their most personal things," Weinberg said. "It's a little creepy that a search engine can know so much about you."
DuckDuckGo had been growing slowly in recent years, but its traffic charts showed a surge after the first news broke June 6 of the government's PRISM surveillance program. By June 20, traffic had hit nearly three million queries, double the level of a year earlier.
More than half of DuckDuckGo traffic comes from outside the United States, Weinberg said.
"This NSA story played into the trend of people's fears" about online tracking, said Weinberg.
Weinberg said another factor is that Google results are being gamed by search engine spammers and other companies trying to rank their results higher."
Dutch-based Ixquick, which also uses the name StartPage, said it too has seen a dramatic jump in usage after news of the PRISM data sharing program.
Last week, the two meta-search engines - which use the results of Google and other search sites and strip out identifying information - served as many as 3.6 million queries.
"This growth has been sustained, it shows no signs of slowing down," said spokeswoman Katherine Albrecht.
The revelations about PRISM "really have woken people up", she said.
"People had heard the message of privacy but hadn't been able to nail it down to how it relates to them."
The company proclaims it "has never turned over user data to any government entity anywhere on earth" and is "not directly subject to US jurisdiction."
Another search engine, California-based Blekko, allows users to select privacy settings and keeps no data if the user selects "do not track".
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#ShopLocal: Is Notting Hill’s Supermarket of Dreams a High Street Game Changer?
Last month, Notting Hill Fish Shop launched a brand new collaborative concept that might just prove to be the future of the high street…
Notting Hill Fish Shop, which delivers chef-quality fresh fish across west London, proved itself a real lifeline during lockdown, and now it’s gone one further with the launch of a brand new concept, the Supermarket of Dreams.
Now, the words ‘supermarket’ and ‘dreams’ rarely go together in my book. Nightmares, maybe, especially when they’re out of loo roll. But behind this neon-pink painted sign on Holland Park is a collaborative concept that brings together several of the country’s most iconic independent food and drink companies.
Since opening, right in the thick of the COVID-19 global pandemic, the Supermarket of Dreams team have made it their mission to create an ever-evolving roster of the hottest names in hospitality, with meals and DIY kits from the likes of Kricket, Padella, Patty & Bun and Skye Gyngell’s Spring.
But it’s not just about fancy ready meals. After all, you can a Michelin-star meal delivered at the tap of an app these days. The Supermarket of Dreams also offers the highest quality ingredients from the likes of west London favourites HG Walter, the butcher, and goodies from Ottolenghi’s deli range.
Fresh produce ranges from from fine cuts of beef to freshly baked bread and exotic veg like Japanese shishito peppers, as well as dressed lobster, oysters and caviar. Or how about picking up a ready-to-slice block of Bluefin Tuna, Yellowtail or salmon for home-prepped sashimi? You can even pop in for an Allpress coffee and pastry to go.
The inspiration for the new concept store – billed a ‘playful, high end riff on a Kwik-E-Mart’ – came from local shops working collaboratively to deliver fresh goods to housebound customers in the wake of coronavirus.
Chris D’Sylva, founder of The Notting Hill Fish Shop and a local resident for 15 years, teamed up with a local butcher, grocer, bakery and even Neal’s Yard Dairy to ensure the very best produce could still be bought and delivered seven days a week via his famous fish shop.
‘It’s a playful, high end riff on a Kwik-E-Mart’
The idea stuck, and now it has its very own premises in the Supermarket of Dreams – a modern day greengrocers for the Instagram generation and a must for those with a penchant for Michelin-star ready meals and a casual nibble of caviar.
But could it also be the catalyst that helps to reinvigorate London’s high streets? We sure hope so.
126 Holland Park W11 4UE; supermarketofdreams.com


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When brazing becomes green
Oweld oxyhydrogen gas generators have become increasingly useful in electric motor, transformer, HVAC-R and in all those industries where brazing is required. Thanks to the flexible installation,...
Coventry University. More and more hydrogen-power research
Europe, and especially UK, pay utmost attention to the tests about the electric and hydrogen trend. In fact, more than £4 million of new hydrogen testing contracts have been secured within the Centre for...
GROB Italy and Light E-Mobility: the motor manufacturing is accomplished here
Overcoming the pandemic and acquiring more awareness of the need of replacing models and lifestyles that have nowadays become obsolete has speed up the transition towards a more efficient and sustainable urban mobility. According...


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Tokyo — Olympus will be the first Japanese digital camera company to build a digital camera factory in Vietnam, according to a report in Nikkei.
The move is meant to shift the concentration of camera production out of China, the publication said, and to take advantage of Vietnam’s lower labor costs. The factory is expected to be completed by 2009 and will initially be dedicated to compact cameras but will eventually expand into SLR models as well, Nikkei reported.
Once complete, Olympus will consolidate its two Chinese factories into a single building at a total cost of roughly $88 million.
Latest posts by By Greg Scoblete (see all)
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THE price of the world's biggest cryptocurrency has surged to its highest in three years.
Bitcoin became worth £13,942 overnight, its highest since December 2017.
Bitcoin is volatile and that means prices can quickly change and the cryptocurrency dropped backed down to £13,257 shortly after.
Investors have ploughed into the digital currency during coronavirus sending it to new highs this year.
But Bitcoin's value plummeted to £3,300 when the coronavirus crisis struck the UK in March and the US implemented a European travel ban.
The stock market has also climbed, with the FTSE 100 leaping to its highest point since June this week after news of a new vaccine was announced.
Paypal has added cryptocurrency to its service for users in the US with anyone now able to trade Bitcoin on the platform along with other cryptocurrencies.
Facebook is also working on its own digital currency Libra, bringing cryptocurrency further into the mainstream.
The cryptocurrency has also been surrounded by controversy with Bitcoin scammers targeting the accounts of high profile Twitter users earlier this year.
And in October the financial regulator banned Brits from trading a certain type of cryptocurrency investment which it said was harmful.
Most read in Money
In June, The Sun warned about a Bitcoin scam which used a picture of Britain's youngest millionaire to con investors.


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Marketing whiz Ganesh Mahalingam, former Vice President (Marketing), LG, has recently shifted from consumer durables to real estate business, joining Omaxe Construction as Executive Director, Marketing.
The changeover from consumer durables to real estate, in his words, is a shift from marketing consumer durables worth Rs 4,000-4,00,000 to life-long durables valued at Rs 2,50,000 to Rs 3 crore. “The latter is more challenging as housing happens to be a life-time investment as compared to consumer durables whose life span is not more than a decade,” Mahalingam responded.
Omaxe is planning 700 new townships across the country in the coming five years. “These townships will be of world class and will be a unique model in the country. As far as the current fiscal is concerned, almost 20 new townships will be built across India,” he said.
However, referring to the issue why real estate business was yet to establish itself as a distinguished brand in the country, Mahalingam said: “Creating Omaxe as a distinguished real estate brand in the coming years is one of my prime motives.”
Elaborating further about his new experience, Mahalingam points out that Omaxe has recently completed the NRI City at Greater Noida. “Real Estate at present is a sunrise sector witnessing an annual growth of over 15 per cent. Hence the future has lots of challenges in store,” he observed.


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Houston Restaurant Weeks is back with new features, foods, and restaurants just for you. The annual event, which benefits the Houston Food Bank, runs from August 1 through Labor Day on September 6. Restaurants that participate in the event will offer set menus, and the proceeds of each meal will cover donations of $1 to $5 for the Houston Food Bank.
Many restaurants here in the Memorial District will participate in the event and provide fabulous foods from a wide range of cuisines and cultures. Here in the Memorial District, you can visit restaurants like Liberty Kitchen and State Fare in the Memorial City Mall area and Cyclone Anaya's in the CITYCENTRE area. The first batch of menus is live and ready for you to see at the link at the end of this article. As of now, there are about 110 restaurants on the list, but Houston Restaurant Weeks expects about 200 restaurants to participate. The program will update its website as more and more businesses sign up to participate before the first day of the event.
Houston Restaurant Weeks has raised nearly $17 million to combat hunger in Houston since the establishment of the citywide dining event in 2003. By encouraging Houstonians to support their favorite eateries and try out new restaurants, the event has helped boost business for local restaurant owners, employ area restaurant workers, support the city’s economy, and keep hungry people fed and happy.
Last summer, Houston Restaurant Weeks stepped up to the plate—pun intended—to make sure Houstonians could find great meals and support one another during the pandemic. The program helped businesses inform the community of new dine-in, takeout, and curbside options. This year, you may still see some of the modifications Houston Restaurant Weeks introduced last summer.
You may also notice updates on the event’s website and social media messaging. For example, the event now showcases takeout options with #HRWToGo menus. Plus, there is a new online portal on the website where restaurants can input and update menus directly and in real-time and create printable versions to use at the restaurant. The event plans to continue to make improvements in the coming years.
When Cleverley Stone, founder of Houston Restaurant Weeks, passed away last year, her daughter, Katie Stone, took over the leadership position.
“We are thrilled at the excitement restaurants have expressed about this year’s HRW. 2021 is off to a great start, and we anticipate diners will be quick to make reservations and get a place at the table,” said Katie Stone, president of the Cleverley Stone Foundation.


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Herberger’s has scheduled its next Community Days fund-raising event for Nov. 15 and 16.
Local charitable organizations will sell coupon booklets for $5 and keep all of the proceeds. In addition to a coupon good for $10 off a purchase of $10 or more, the books will offer more than $500 in savings on merchandise during the two-day event.
Community Day booklet sales are expected to raise more than $5 million for participating organizations.
In Grand Junction, Herberger’s is located in the Mesa Mall at 2424 U.S. Highway 6 & 50. For more information about Community Days, log on to the website located at www.communitydayevent.com.


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The tech giant Microsoft has made fun of the tech giant Apple in a new and witty ad. Apple claims that its iPad Pro is a real computer. If we have a brief and clear look at the devices offered by the both tech giants then at the moment we can easily distinguish that Microsoft Surface is a real computer at present.
Microsoft Just Made Fun Of Apple In Its New Ad
In summer time no one leads to evil and certainly the tech giant Apple aimed a playful advertising produced by the tech giant Microsoft and this playful advertising “attack” reveals something irritation of Apple towards Microsoft. Even Tim Cook the CEO of Apple poked fun at the tech giant Microsoft’s Surface tablet and called it “a fairly compromised, confusing product”.
The fun of the fact that Apple says the iPad Pro was a “real computer” and the tech giant Microsoft criticizes Apple for lack of this iPad does not run any desktop apps or support USB devices. The Surface is that it is indeed a real computer, the tech giant Microsoft said.
If we step back to 2012, the CEO of Apple, Tim Cook, criticized Microsoft Surface nicknaming it the “very compromised and confusing product”, but it may be possible that many of you may not remember this crisp words of Apple’s CEO Tim Cook against the tech giant Microsoft.
At the same time, other officials illustrious Apple enjoyed the fact that the tablet Surface to have a physical keyboard, they said at the time it was like having “a toaster with a refrigerator.” Well … things have changed over time, right?
Now Apple seems to be interested in the same concept and has made a great effort to sell the iPad Pro. The effort has been such that even want to trample the Macbook concept stating that for those who want mobility and computing power, so, for them the iPad Pro is the solution .
In a video advertising, Apple tries to communicate with the most basic experiences of use, as if the people at the present time only realized the message “with drawings.” A video of a little child is to echo in this world.
However, the tech giant Microsoft did not miss the opportunity to enjoy with its American counterpart and a new advertising presents what in fact believed to be the solution that the tech giant Apple wants to proclaim.
If you want really a computer with attributes of high mobility, with a physical keyboard, support for desktop applications and allows you to use UBS doors. Then it is very clear that visible that Microsoft Surface will be the perfect choice for you according to this criteria.
At present, the tech giant Apple is frowned upon the weak commitment to update the true line of desktops and laptops and now wanting to “foist” a tablet to anyone who actually want a computer.


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Traditional Ramadan delicacies have long been characterised by sweet and fatty oriental desserts. But increasingly, the oriental aspect of Ramadan desserts are being augmented by internationally inspired ingredients like Mango, Nutella, and red velvet cake.
Egyptian pastry chefs, have started putting this twist on traditional Ramadan desserts such as Konafa and Atayef, a trend driven, in part, by creative marketing, and reflecting changes in the Egyptian diet.
Pastry chefs are in favour of the new trend, justifying it by the changing weather conditions and people’s tastes. Customers, on the other hand, are not all in favour of the change.
Hamido Al-Kurdy, a chef at La Poire Egypt, said making the same desserts for years can be “tedious”. Pastry places compete for customers, he said, so they have to provide customers with something different to maintain an advantage.
“That’s why we always seek change,” he said. “It gives Ramadan a better taste when every year you come up with something new to present to your customers.”
Fawzy Abdel Aziz, a chef at Sale Sucre, said dessert trends have also been affected by the weather. Ramadan came during the summer during the past couple of years.
“We, as chefs, thought about doing the desserts in a way that matches the weather and people’s need for cold desserts,” he said.
People’s attitudes about dessert have changed as well, he said. Nowadays a lot of people follow diets. Oriental desserts are sugary and fatty, so people are looking for lighter options.
Abdel Aziz noted that during the economic downturn there was general rejection for desserts due to the atmosphere of the revolution , and it affected the purchasing level. He said: “There was small room for creativity as we were producing on a small scale.”
Ibrahim Mohammed, working in Mandarine Koueider, agreed that the purchasing level during the revolution was low and transfer of the materials needed for production was slow. He added, however, that the current situation has improved .
To Mona Al-Bahaey, a laboratory physician who was on her way to buy Konafa with Mango, the changes do not change the Ramadan spirit.
Ramadan is about food, so providing a selection is better, she said. “It’s up to people to choose what they like”.
Not everyone agrees.
Esraa, a 21 year old fine arts student, said she will always prefer oriental desserts over new-fangled confections because they help her feel the Ramadan spirit better. The new deserts are lighter, she said, but “eventually this trend will be over”.


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LAUNCH’s Founder University
On May 3rd & 4th, Wilson Sonsini is sponsoring a virtual two-day program - Founder University. Presented by LAUNCH and Jason Calacanis, this particular Founder University is a two-day curriculum for founders who have launched a product but haven't raised Series A. This online-only event will take place from 11:00 a.m. – 4:00 p.m. PDT. Wilson Sonsini attorneys Becki DeGraw, Andrew Sparks, and Dave Brekke will be presenting.
The deadline to apply is April 26th, apply here: https://www.founder.university/apply


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Living in a Volkswagen bus 25 years ago, Dave Thibodeau didn't envision his life today as CEO of a Colorado craft brewery.
"We were pretty young and really didn’t have much foresight," recalls the co-founder of Durango-based Ska Brewing. "I lived out of my Volkswagen bus which, at the time, wasn’t as cool as it is now. It was actually pretty desperate, and I remember our goal was to make enough beer to attend festivals as a brewer."
Making enough beer enabled Thibodeau and Ska co-founder Bill Graham to get into beer festivals without paying and stay in a hotel room in exchange for donating kegs. "Generally, hotel rooms were nicer than my car," Thibodeau says.
During those days, the two men were heavily into ska music, comic books and, of course, beer. Their lack of foresight may have been a blessing.
"In lieu of a well-thought-out business plan, we simply went with our passions," Thibodeau says. "There was a degree of authenticity that is really difficult to replicate and sets us apart. There is no doubt that everything we do comes from the heart — from the quality of our beers to our marketing and involvement in the community."
That community, Durango, is an isolated, small city in the San Juan Mountains near the Utah, Arizona and New Mexico borders, nearly 400 miles southwest of Denver.
The isolation created challenges that had to be overcome, but it also was a reason for the brewery's startup.
"I think the pros of making and drinking beer hours from the nearest freeway in an isolated mountain town with a river running through it outweigh the cons," Thibodeau says. "It’s as easy to have a meeting on a mountain bike as in a conference room or a Zoom call."
Ska Brewing, though, didn't follow that formula earlier this year when it and sister company, Peach Street Distillers, opened Ska Street Brewstillery across the state in Boulder. Yes, Boulder is a mountain town but certainly not isolated — a 30-minute drive from Denver and an hour's drive to Colorado's fourth-largest city, Fort Collins.
The Ska Street Brewstillery includes a restaurant, a 10-barrel brewing system, 30 taps with Ska beers and a 450-liter still.
Why did Ska Brewing expand to Boulder, a bustling city that already has about 30 other breweries and distilleries?
"Bill Graham and I grew up just down the road in the shadow of Coors (the Coors Brewing Company in Golden, Colorado)," Thibodeau says. "He got his degree from the (Boulder-based) University of Colorado, and we spent some very memorable time in Boulder and have family in Colorado’s Front Range," he says. "We obviously love Colorado’s smaller mountain towns, so, when we knew we wanted a physical presence in the Front Range, it had to be Boulder. It’s a larger, more populated version of Durango.
"Our Ska COO and our Peach Street national sales director spent years in Boulder working at Avery Brewing," Thibodeau adds. "It was clearly in the stars. Boulder is a great community, and the beauty of brewing is that it’s more of a co-opetition culture than straight-up competition. And, with the uniqueness of our operation, competition hasn’t been a big concern."
Ska Brewing considers itself a champion of canned beers, because it put beer in cans 17 years ago, when nearly all craft breweries were strictly bottling their brews.
"Aside from a couple of contract brewers, Oskar Blues was the first craft brewer — in November 2002 — to actually brew and can its own beer," Thibodeau says. "We started canning in March 2003. The early trials and tribulations that we went through make for some great late-night beer stories!"
Ska Brewing's first canned beer was ESB, says Matt Vincent, Ska's co-owner and original head brewer.
"People were not seeing the advantage that cans have over bottles back then," Vincent recalls. "With all the outdoor activities in Durango, cans made logical sense to us. We stuck with it and, in 2012, launched a separate business, Ska Fabricating, specializing in designing small canning equipment for breweries. It helped us solidify that cans are here to stay, and they are a perfect vessel for craft beer."
Ska Fabricating, the Brewstillery and Peach Street Distillers, which is based in Palisade, Colorado, are key components of Ska Brewing's growth initiatives. But the company understandably didn't envision a coronavirus pandemic to emerge and put a wrench in its business plans.
"The pandemic, at least for the moment, has been trying to quash our dreams," Thibodeau says. "We opened the Brewstillery for one hour and 11 minutes before restaurants were shut down. We’re open now at limited capacity, and things are going great. Long-term, we’re confident this was the right thing to do."
The coronavirus pandemic eliminated a lot of revenue, though.
"On our wholesale side, we lost nearly half of our revenue in one fell swoop when bars and restaurants closed," Thibodeau says. "That was, and is, really scary, but it enabled us to focus on efficiencies in a sharper manner than before. Sometimes you get into a pattern of spend, spend, spend, and, suddenly, we had to cut all expenses and dig deep into our priorities. That needs to happen every now and then. Unfortunately, it took an apocalyptic event to make us think about it!"
The pandemic caused Ska Brewing's tasting room and pub in Durango to shift to on-line ordering and curbside pick-up.
"That has actually been pretty fun," Thibodeau says. "There’s an electronic conveyor belt coming out of our kitchen straight into the parking lot for a no-touch pick-up option, and we expanded our outdoor beer garden."
Some of the new policies may become long-term.
"I think we’ll take some of the things we’ve learned and implemented, such as table service and online ordering, and keep them in place when a bit of normalcy returns," Thibodeau says. "We’re also a more fluid business now. We’ve learned to adapt quickly, and I think that will lead to some exciting and constant evolution moving forward."


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Britain has a reputation as being a nation of moaners and now the top 20 things that we like to rant about has been revealed.
The poll of 1000 people also showed how Brits are victims of their own reputation for being polite and well-mannered, with holding the door open for one too many people and over-apologising, even when you've done nothing wrong, making the list of moans.
Other popular rants were making a cup of tea and forgetting about it, talking about the weather, queuing in traffic and getting caught in the rain without an umbrella.
And social media alerts made it on to the list with plenty of us getting riled by constant updates from sites like Facebook and Twitter.
The poll was conducted to celebrate 130 years of Bovril, the warming winter drink invented by John Lawson Johnston back in the 1870s after winning a contract to supply a million cans of beef to the French army. He named his "Fluid Beef" drink Bovril in 1886.
The Top 20 Moans as polled by Bovril
- Waking up and it being dark outside (55%)
- PPI calls (47%)
- Leaving something important at home (44%)
- Trying to avoid someone you know in the supermarket (43%)
- Queuing in traffic (39%)
- Supermarket self-service tills (39%)
- Talking about the weather (38%)
- Holding the door open for one too many people (35%)
- Running out of mobile phone battery (34%)
- Remembering whether it's bin day or recycling day (33%)
- Over-apologising (32%)
- Getting stuck behind a tall person at the cinema or theatre (31%)
- Getting caught in the rain without an umbrella (31%)
- Making a cup of tea and forgetting about it (29%)
- Remembering a pound coin for the supermarket shopping trolley (29%)
- Being ignored by the barman (25%)
- Receiving a present you already have (25%)
- Being served a cold or incorrect meal in a restaurant (25%)
- Getting a bad haircut (25%)
- Being bombarded with social media notifications (23%)


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As this area of New Bern continues to evolve, developer plans for 200+ luxury apartments
This area of New Bern has seen steady growth in the past four years and will see more growth in the way of luxury apartments set to be available to the public in the fall of next year.
Cape Fear Development, an affiliate of real estate firm Cape Fear Commercial, is proposing new luxury apartments called The Proximity New Bern along Dr. Martin Luther King Jr. Boulevard near New Bern High School and between the new Down East Ace Hardware store and Faith United Methodist Church.
The 16+ acre property was purchased by the group on April 29 for $2.52 million and the city of New Bern Planning and Zoning Board is currently reviewing their plans for construction.
Officials with the planning board said their proposal is to build a 252-unit complex that will include (18) 3-bedroom, (117) 2-bedroom, and (117) 1-bedroom luxury apartments. The construction of Proximity New Bern is expected to begin within the next month.
Signage at the location says the complex is expected to open in fall 2023.
Cape Fear Development Group are commercial, industrial and residential contractors in both North Carolina and South Carolina with properties in Greenville and Charleston. The group is also in the process of developing two properties in Wilmington.
Commercially south New Bern has grown steadily since 2018 when the New Bern Marketplace, a 325,000 sq. ft. retail center opened. The plaza includes the world's largest Harris Teeter grocery store with 100,000 sq. ft. of supermarket space. Hobby Lobby, Academy Sports + Outdoors, Ross Dress for Less, West Marine, Five Below, and ULTA Beauty and several other businesses have since opened in the marketplace.
Across the street includes Aldi which opened in 2019 and a mile down the road is the new Cardinal Maxi Storage, an expanded U-Haul facility and an ACE Hardware which opened in April.
Additionally, Sunbelt Rentals, an equipment rental company in River Bend and on US 17 is close to opening with Royal Farms, a popular convenience store based out of Baltimore, Maryland and famous for its fried chicken, has broken ground next to Aldi.


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Google Still Dominates But Yahoo Ready to Battle
While Nielsen NetRatings shows Google continues to dominate search share, Yahoo and MSN both grew their share by a greater percentage than Google.
…Yahoo handled 23 percent of searches in May, answering 34 percent more queries than it did last year. Microsoft’s MSN Search was third, handling 11 percent of internet searches in May. MSN gained the most ground, however, increasing the number of queries it processed by 42 percent.
Google still handles 49% of searches and grew its share by 32%, so it’s still dominating the market. However, Yahoo execs believe the search engine race has only just begun.
“We’re three steps into a marathon,” said Bradley Horowitz, Yahoo’s vice president of product strategy.


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Ethereum SOPA images Decentralized finance is poised to explode 10-fold, according to veteran crypto investor Matthew Roszak. Roszak, who Forbes says is worth some $1.5 billion, thinks mainstream crypto adoption, a global chase for yield, and elevated inflation are all boosting DeFi’s profile. The biggest question is whether the sector […]
How to open a crypto trading account in India?
In the past year, cryptocurrencies have come into their own. In India, investments in crypto have grown from $200 million to nearly $40 billion — a growth of over 200 times in the past year — according to data by Chainalysis. And, it’s not just Bitcoin leading the charge. Other […]


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“In the U.S., chemicals are innocent until proven guilty,” said Kyla Bennett, director of science policy at Public Employees for Environmental Responsibility, a nonprofit based outside Washington, D.C. “In the EU and Japan, chemicals are guilty until proven safe — and that’s why they have fewer PFAS.”
That lack of regulation in the U.S. is driving states to take matters into their own hands, pursuing PFAS bans as gridlock and industry lobbying in Washington thwart tougher federal laws. Minnesota’s limits the chemicals in menstrual products, cleaning ingredients, cookware, and dental floss. Maine’s law will ban all avoidable uses of PFAS by 2030. Vermont and California ban PFAS in food packaging.


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Manufacturing formed an outlier to other sectors.
Industrial production flatlined in early January, much less than the expected growth rate of 0.5%. The headline number was pulled down by an historic 9.9% fall in utilities production, which was driven by the change from a cold December to a warm January. The drop masked some strength in the manufacturing sector, where gains were broad-based, as several sectors posted monthly increases of over 1%. The underlying strength in the January report suggests that conditions in the sector may not be as weak as suggested at year-end, complicating the Federal Reserve’s path to slow the pace of inflation.
Production of energy goods was the other notable decline in January. The 2.5% contraction was led by a 9.4% decline in the production of consumer energy goods. Some of the decline is likely attributable to widespread flooding and weather disruptions in California. Conditions in this sector are likely to remain volatile in 2023 as geopolitical developments and volatile gas prices threaten consumer demand.
The strength in the manufacturing sector was pronounced at the start of the year. After declining in the previous two months, the sector grew by 1.0% in January, above the expected rise of 0.8%. Production of manufactured consumer goods declined by 0.7% from December to January, but the drop was driven almost exclusively by plummeting production in energy goods. Nearly every other market group posted a gain.
Motor vehicle production rebounded after two months of steep declines, driven in part by strong sales to businesses restocking their fleets. Capacity utilization in the industry has slipped lately and remains 4.3 percentage points below its 2017-2019 average. Automobile demand has historically been sensitive to interest rates. The rebound could be temporary and would be negatively impacted should the Federal Reserve need to move more aggressively to fight persistent inflationary pressures.
Strength was welcome news in a sector that contracted over the second half of last year.
Business equipment rose by 1.2% in the month. Production of transit equipment was the only decline, with every other major sector posting a monthly growth rate of over 1.5%. Recent shipping data point to a contraction in demand for transport services, which suggests further weakness in the production of transportation equipment and goods in the first quarter.
The lack of growth in the headline industrial production index obscured a sharp increase in the manufacturing sector in January. The broad strength was welcome news in a sector that contracted over the second half of last year, but caution should be exercised. Recent data point to even more persistent inflationary pressures, which could force the Fed to raise rates more than market participants expect. That would lift borrowing costs for consumers and businesses and could produce a headwind for manufacturers.


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Taipei, Oct 30 (IANS) Apple is mobilising suppliers to produce its first 5G iPhones next year, the Nikkei Asian Review reported on Wednesday.
Apple plans to launch three 5G phones and ship at least 80 million of the new devices, said the report, citing sources.
The upgraded iPhones will likely boost the confidence of global carriers to roll out 5G telecoms infrastructure, especially outside China.
The development of the device ecosystem and their affordability are also believed to be crucial for the widespread adoption of 5G technology.
While leading smartphone players like Samsung and Huawei have launched their 5G phones, Apple’s iPhone 11 series this year supports 4G.
The new iPhones will carry the most advanced 5G modem chip, known as X55 that is designed by Qualcomm, according to the Nikkei report.
The iPhones will be powered by Apple’s latest-generation processor, known as A14.


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Air passengers may soon be able to use their smartphone to turn on the reading light, order food and check if the toilet is free thanks to a new smart technology being trialed by Boeing.
An interior of an aircraft dubbed a 'smart cabin' has been created where chips are embedded near the features passengers utilise. The technology, called vCabin, connects smart devices to the features through these small chips embedded in the aircraft.
This means they don't need Wi-Fi and the features are therefore secure and not connected to flight-critical airplane systems or the traditional in-flight entertainment system. It also means cabin crew can use it to offer a more personalised service by identifying frequent flyers including exact preferences.
"We're really thinking about pushing the boundaries past what we know today," said Dan Bittner, product development lead engineer at Boeing.
"That's really what this vCabin tool is about — pushing that boundary and accelerating the technology through rapid demonstration and development."


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In Far North Queensland, owners of Blenners Transport, Les and Judy Blennerhassett, have serviced the banana industry for decades, switching from farming to transport and growing their business through tenacity and passion. Today, at ATA Live, they were officially inducted as Kenworth Legends.
ATA Live is currently underway, with the topic of supporting mental health brought to the fore. MaxiTRANS Managing Director and CEO Dean Jenkins and R U OK? ambassador Barry Du Bois discuss the importance of getting the conversation started and asking R U OK?
Following advocacy from the Victorian Transport Association (VTA), the Victorian Government has extended a Ministerial Order made earlier this year which suspended the application of curfews and loading zone signs on heavy vehicles involved in the transportation of food and personal hygiene products. Read more
Almost $27 million will go towards upgrading some of Western Australia’s worst roads, as part of the 2020-21 Black Spot Program.
Under the Queensland Chief Health Officer’s Directive, a new Qld Freight Movement Protocol will come into effect from 3pm today (Wednesday 23 September). The Queensland Trucking Association (QTA) has provided information on the updates for freight and logistics workers operating within the state.
This Sunday 27 September, almost 200 trucks and 50 motorbikes will come together for Townsville’s annual Convoy for a Cure, to raise funds for vital research into childhood cancer.
A recent NHVR safety survey of almost 4000 participants has shown that two-thirds of heavy vehicle businesses have a safety system in their operation.
A current survey centred around Chain of Responsibility is calling on truck drivers and the broader industry to share their views, to help drive change in heavy vehicle crash investigations.
Penske Truck Leasing and MAN Truck & Bus have launched ‘MAN Choice’, a fully maintained two-year lease program offering customers cost-effective and flexible solutions. Read more
With everything that has happened during the course of 2020, one notable absence from the calendar is the humble truck show.


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Bleached brows may not be the most wearable of beauty trends, but the Met Gala isn’t about being shy and retiring, it’s about taking risks and standing out. Hence, bleached brows were the beauty look of choice for several of the night’s high profile guests.
One notable fan was Kendall Jenner who’s been breaking her own beauty rules recently and moving away from her signature look, after serving up one of our favourite classic beauty moments at last year’s Met Gala.
This year, she’s already swapped out her brunette strands for one of spring’s top-trending shades – strawberry brunette – and now she’s taking things in a more experimental direction with her makeup. The model paired a heavily-lidded eye makeup look with bleached blonde brows, set in place with her sister Kylie’s Kybrow Gel for the red carpet.


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Here’s How Many Billions of Dollars New York Loses to Shoplifters Each Year
New York's retail theft problem is only growing worse and a new report confirmed we lose a sickening amount of money because of it.
Billions Lost Every Year
A new report from Capital One Shopping found that shoplifting incidents increase by roughly 20 percent year-after-year. With the current trend, it's estimated American retailers will lose over $140 billion by the year 2025.
The majority of all retail theft, at 58 percent, is cargo theft and not people running into stores and snatching up items. Another major drain on companies is fraudulent sales return, with retailers losing an estimated $84.9 billion in 2022 to this scheme alone.
Even worse, it's estimated only 2 percent of shoplifters are actually caught by stores and that the average shoplifter is popped by police one out of every 100 incidents.
It was also found that in 2020, the average shoplifter made off with $461.86 in goods.
Retail theft grew exponentially since the pandemic, with companies losing $61.7 billion in 2019. That number skyrocketed to $90.8 billion in 2020 and has since ballooned to at least $122 million in 2023 - which is about double what was lost in 2019.
Capital One also broke down the money lost on a state-by-state basis and New York's numbers were extremely frustrating.
New York Among States Most Impacted by Retail Theft
New York City was #4 on the list of cities most affected by retail crime. When comparing all 50 states who lost the most money, New York again was in fourth place.
In all, the state lost $4.04 billion in 2022 alone. California was in first place with nearly $9 billion lost to retail theft in 2022 while Texas and Florida came in second and third place, respectively, with each losing roughly $5.5 billion.
When looking squarely at New York's statistics, here's what Capital One found:
New York retailers lost $280.72 in sales per capita in 2022.
Retail theft per capita in New York is 18.4% lower than the average among states.
Theft of $1,000 or more is a felony in New York.
Return fraud cost New York retailers an estimated $4.783 billion in sales revenue, bringing total lost sales revenue to $9.187 billion.
The State of New York lost out on $176 million in retail sales tax dollars due to theft.
New York sales tax dollars lost to return fraud totaled $191 million, bringing the total lost sales tax up to $367 million.
On the topic of combating crime, several lawmakers have proposed reducing the $1,000 threshold for felony charges by half. Additionally, Governor Kathy Hochul unveiled in her proposed budget to pump $40 million to combat shoplifting, with more than half of the money going to police.
Lawmakers agree more needs to be done to dissuade criminals, but no concrete solution has been offered or approved of at this time.
More Retail Theft Statistics
Capital One found that nearly 10 percent of Americans have shoplifted, with those between the ages of 12 and 16 trying the five-finger discount.
Additionally, about 28.5 percent of all retail theft is conducted internally or by an employee. In fact, internal theft has risen by roughly 60 percent over the past 5 years.
When looking into organized retail crime data, it was found 40 percent of organized retail crime takes place at distribution centers and another 45 percent happens en route from the distribution center to the store.
Thirty eight percent of organized retail crime happens in-store while 35 percent happens en route from one store to another.
In all, slightly over 70 percent of retailers reported an increase in organized retail crime over the past 5 years.
When looking at return fraud, it's estimated states lost $4.73 billion in taxes to retail return fraud alone in 2022.
That all said, do you think retail theft will ever get under control?
These 5 Counties Have The Highest Property Crime Rate In New York
Gallery Credit: Ed Nice
11 New York Cities With The Most Violent Gun Crimes
Gallery Credit: Yasmin Young


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When it comes to iOS beta updates, developers get their updates first, and once they do, public testers play the waiting game. Sometimes Apple releases the public version three hours later. Other times it waits 24 hours. It's a roll of the dice almost every time. As for iOS 13.4 public beta 2, it's the latter case, coming exactly one after developer beta 2.
News: Apple Releases iOS 13.4 Developer Beta 2 for iPhone, Has New TV Options & Updated Mail Toolbar
Last week, Apple released the first iOS 13.4 beta with fun and useful new features, such as new Memoji, an upgrade Mail toolbar, and the ability to control your NFC-compatible car via CarKey. To add to that, Apple just released iOS 13.4 developer beta 2, but does the update have any more new changes to be excited about?
News: Apple Just Released iOS 13.4 Public Beta 1 for iPhone, Includes New Memoji Stickers & More Convenient Mail Tools
After the lackluster update that was iOS 13.3.1, we beta testers were in need of some excitement. Thankfully, Apple delivered the goods with iOS 13.4 developer beta 1, introducing fun new features like fresh Memoji stickers and a new Mail toolbar. Of course, that update was for developers only, so we public testers are thrilled that Apple just released the first public beta today.
So far, iOS 13's major point updates have all been pretty exciting for iPhone. We've seen iOS 13.1, 13.2, and 13.3 come and go, offering more than 60 new features and changes combined to that very first version of iOS 13. While iOS 13.3.1 was a minor update, its successor, iOS 13.4, is a return to form.
When you think about your Apple Watch, what comes to mind? Fitness tracking? Replying to texts? There are a lot of things Apple Watch is good for, but social media doesn't appear to be one of them based on the App Store. If that's your perception, however, it's time for a reality check because you can start browsing Twitter and Reddit on your Apple Watch right now.
News: Apple's iOS 13.4 Developer Beta 1 for iPhone Includes New Memoji Stickers & More Convenient Mail Tools
What could Apple be planning here? Are we going to see some revolutionary new features for the iPhone? Will we see mostly bug fixes and security patches? It's time to find out, as Apple just released the first developer beta for iOS 13.4.
After three rounds of beta testing, Apple finally released iOS 13.3.1 today, Jan. 28. It's the latest update to iOS 13, coming exactly seven weeks after the release of iOS 13.3. So, what's new?
While some of us thought Apple might pass on a new beta update in favor of an official release, it appears iOS 13.3.1 is here to stay in beta testing. This time, it didn't take four weeks to get here. The third public beta for 13.3.1 is now available, eight days after the release of public beta 2.
In a welcomed Wednesday twist, iOS 13.4 public beta 3 follows the release of developer beta 3 by just three hours. While that isn't super uncommon for most beta cycles, it is for this one. Apple waited 24 hours between dev beta 2 and public beta 2, and five full days between dev beta 1 and public beta 1. It's nice to see these betas coming out on the same day again.
News: Apple Releases iOS 13.4 Developer Beta 3 for iPhone, Introduces First Evidence of Internet-Based 'OS Recovery' Mode
So far, iOS 13.4 hasn't been a disappointment. From new Memoji stickers, a refreshed Mail toolbar, and even the beginnings of controlling your car with your iPhone, Apple's latest iOS update is looking like a good one. That's why we're excited that Apple just released the third 13.4 developer beta today, one week after the release of the second one.
Beta testing on iOS is as Wild West as Apple gets. From feature-filled to featureless releases, there's a high level of unpredictability for what to expect. And not everything is found right away. For instance, last week's developer beta 2 added a new feature that was left undiscovered until three days later. So what has Apple hidden in today's iOS 13.3.1 dev beta 3 update?
Are you thinking about upgrading your iPhone this year? Apple sure wants you to. Of course, that's no different than any other year, but Apple really wants you to upgrade this year. How do we know this? The rumors point to not three, not four, but five brand new iPhones in 2020, with two very different release schedules. All this begs the question what the hell is Apple thinking?
The iPhone SE was, for some, the perfect iPhone. It brought back the popular one-handed form factor of the iPhone 5 but packed in the internals of the then-new iPhone 6S. Since then, many have pined for a new SE, looking for something just as fast as modern iPhones, but much, much smaller.
The great iOS beta hiatus is over. After 28 days of waiting, Apple finally seeded the second developer beta for iOS 13.3.1 Tuesday, Jan. 14. Lucky for us public beta testers, we didn't need to wait long to get our version of the beta, as Apple just released 13.3.1 public beta 2.
Did you take a vacation this holiday season? It appears Apple did. After the release of iOS 13.3.1 developer beta 1 (then public beta 1 one day later), iOS beta testing went silent for almost a full month. With 2019 now in the books, it seems Apple is back to work, as developers received iOS 13.3.1 beta 2 today, Tuesday, Jan. 14.
The iPhone 11 rarely sees negative press. The excellent camera system, long battery life, and more affordable price point smooth over detractions like its lower-res LCD and recycled form factor. The iPhone 12, on the other hand, appears to make strides on all fronts. Could this be the best iPhone yet?
The iPhone 11 Pro and 11 Pro Max are great upgrades to the iPhone XS and XS Max, introducing an excellent camera system, A13 Bionic chip, and new design choices. Still, there's a sentiment in the smartphone community that Apple didn't do enough with the 11 line to warrant an upgrade from the 2018 iPhones. Based on the latest rumors, it appears 2020 is looking to change that.
Yesterday, Dec. 17, Apple released the first developer beta for iOS 13.3.1. The update marked the first new beta in almost a month since iOS 13.3's fourth beta dropped on Nov. 20. Now, one day later, Apple has pushed out iOS 13.3.1 public beta 1 to everyone who wants to try out new features first.
We spent four beta updates with iOS 13.3. In that time, we saw fun new features like Communications Limits in Screen Time, an off switch for Memoji stickers in the Emoji keyboard, and new mouse options, among other things. Once Apple made 13.3 available to the public, it was only a matter of time before it began beta testing new software. That software is iOS 13.3.1, and that testing starts today.
There are times when physically interacting with your iPhone is less than ideal, like when you're cooking or driving. Fortunately, iOS 13 has you covered regardless of the circumstance you may find yourself in. With the new Voice Control feature, you can control pretty much everything on your device without even touching it.
News: Apple's iOS 13.3 Released for iPhone, Includes Off Switch for Memoji Stickers, New Mouse Options & More
Apple seeded the official version of iOS 13 to compatible iPhones on Sept. 19. Since then, we've seen two major updates — iOS 13.1, which, by our count, introduced 22 new features, and iOS 13.2, which also added 22 new features. Today, Dec. 10, Apple introduced the third major update: iOS 13.3.
It wasn't long ago Apple released iOS 13.2 to the masses. The second major update to iOS 13 included 22 new features and changes that added a significant layer of depth to an already feature-filled experience. Apple isn't ready to stop the fun, however, as iOS 13.3, released Dec. 10, has a decent amount of new features too.
While there is a lot to love about Apple's latest suite of iPhone models, the real draw comes down to the cameras. The iPhone 11, 11 Pro, and 11 Pro Max all have killer rear camera systems, but the front camera was also improved. Apple claims Face ID works at more angles than before in these models, which begs the question: can you unlock your iPhone when it's flat on a table?
Since the release of iOS 13.3 beta 3 on Nov. 20, Apple has remained silent on new beta updates. That's likely because there was a holiday the following week, and then all of the major shopping events after that. But now, it's back in the game, and on Thursday, Dec. 5, Apple pushed out iOS 13.3 developer beta 4 and public beta 4.
Apple Card is the iPhone OEM's big leap into the credit card market. Its low barrier to entry and ease of use make it an appealing option, especially for those who often pay for goods with Apple Pay. To get the best rewards possible, make sure you use the Apple Card at stores where you can get 3% cash back.
It's no secret that iPhones are expensive. Whether or not you believe the price tag is justified, $1,000 is a lot to spend on an iPhone 11 Pro. But if you're in need of a new iPhone, you picked a great time. Black Friday is rapidly approaching, and for Walmart, many of those deals are already available.
While some people might like Thanksgiving because of the food, seeing family, or another wholesome reason, many of us also enjoy saving big on the items we've been eyeing all year. Take iPhone cases, for example. Speck, Insignia, even Apple all make cases that can put a dent in your wallet. A good Black Friday deal can mean a shiny new case for your iPhone and some extra dollars in your pocket.
Apple seeded public testers the second beta for iOS 13.3 eight days ago. That update mainly added stability patches to iOS as a whole, as did the public releases of iOS 13.2.2 and iOS 13.2.3. Now, following the release of iOS 13.3 developer beta 3 earlier today, Apple seeded the same beta to public testers.
Just two days ago, on Nov. 18, Apple released iOS 13.2.3 to the general public, which included stability updates for bugs affecting iOS 13.2 and earlier. Today's update isn't for the general public, however. Instead, Apple just pushed out iOS 13.3 developer beta 3 for software testers.
After you've spent your Thanksgiving afternoon working through that turkey, mashed potatoes, and three different kinds of pie, you might find yourself heading to the mall to claim some unbeatable Black Friday discounts on iPhone 11, 11 Pro, and 11 Pro Max. You don't have to go in blind, though. Check out our guide below to make sure you're saving as much as possible on the iPhone you really want.
Apple's upcoming iPhone update, iOS 13.3, doesn't add as many new features as iOS 13.1 or 13.2, but there's one under-the-radar change you'll love if you use Apple News on a daily basis.
While we all refer to Apple's latest iPhone operating system as iOS 13, in truth, we're well beyond that number. The company has issued numerous updates to its big 2019 release since September, including major steps like iOS 13.1 and iOS 13.2. We've also seen minor updates, like iOS 13.2.2 eleven days ago. Today, Nov. 18, Apple releases another "minor" update, this time dubbed iOS 13.2.3.
Apple is often unpredictable when it comes to beta releases, especially with public betas. Developers receive their updates first, then public testers have to wait and see if Apple will do the same for us. Sometimes, the iPhone OEM makes us wait until the following day, but not with iOS 13.3 public beta 2. This update is now available to download and install.
We're finally back in the swing of things. For the first 26 days after the release of iOS 13.2, which introduced 22 new features and changes to the iOS 13 era, there wasn't a new beta. Then, Apple released iOS 13.3 developer beta 1, and now we seem to be back on schedule, as Apple just released 13.3 beta 2 to developers.
News: Apple Releases iOS 13.2.2 to iPhones, Includes Fixes for Multitasking Bug and Dropped Cell Signal
If you're a beta tester, you know Apple released iOS 13.3 this week, bringing with it stability for multitasking as well as minor changes throughout the OS. It seems Apple doesn't want the rest of us to go without this critical patch, as the company releases iOS 13.2.2 today, Thursday, Nov. 7.
News: Apple Releases iOS 13.3 Public Beta 1 to iPhone Software Testers, Includes Multitasking Bug Patch
Who's ready for another beta season? We beta testers have had quite the break: Apple released the fourth public beta for 13.2 on Oct. 23, and since then, two full weeks have gone by without a shred of beta news. It seems this Wednesday, Nov. 6 is our lucky day, as Apple just released the first public beta for iOS 13.3.
The latest official update for iPhone, iOS 13.2, introduced 22 new features and changes to the iOS 13 era, building off the improvements brought by iOS 13.1 and iOS 13 proper before it. It's time to take our first peek into what's next for iPhone and iOS, as Apple releases iOS 13.3 developer beta 1 today, Tuesday, Nov. 5.
Apple's iOS 13 has been quite the disrupter. The initial update featured over 200 new features and changes, while its successor, iOS 13.1, brought another 22 to the mix. With the company's latest update, iOS 13.2, you'll see an extra 22 amendments on your iPhone, including new emojis, Deep Fusion on iPhone 11, 11 Pro, and 11 Pro Max, and Announce Messages with Siri, just to name a few.
News: Apple Releases iOS 13.2 for iPhone, Includes Deep Fusion, New Emojis, Announce Messages with Siri & More
The wait is finally over. Apple just released iOS 13.2 for iPhone, the latest update to this year's iOS 13 release. The update contains a slew of exciting new features, such as Deep Fusion for 2019 iPhones, a suite of new emojis, the long-awaited Announce Messages with Siri, among many, many others.
So, someone on your shopping list has an iPhone. Lucky for you, Apple's line of smartphones are practically made for accessories. From AirPods to adapters, there's something for every iPhone user in your life. Are you feeling overwhelmed by the options? You've come to the right place.


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Little Chef has been bought by a Kuwaiti-owned company after more than a decade of misfortune and changing hands. The roadside restaurant chain was acquired by Kout Food Group (KFG), for about £15m, according to the BBC.
KFG also owns Maison Blanc and more than 40 KFC and Burger King outlets in this country. It will take on 81 of the total 83 Little Chef branches.
Little Chef was put up for sale in April by owners RCapital, the private equity firm that specialises in turnarounds. RCapital said Little Chef has been the “biggest and longest turnaround in our nine-year history”.
RCapital had bought Little Chef out of administration in 2007. It has restructured Little Chef significantly since then – cutting the number of outlets from 234 to 83 and reducing staff numbers from 4,000 to 1,100.
Troubled Little Chef had changed hands a number of times before then. It was owned by Compass Group until 2002, when it was sold to private equity firm Permira. Permira then sold it in 2005 to People’s Restaurant Group.
Little Chef currently serves more than six million customers each year. Heston Blumenthal was brought in to redesigned the menu in 2009.
Kout “has exciting plans to revitalise the Little Chef brand,” said Fadwa al-Homaizi, the chairwoman of Kout’s UK arm.
“Little Chef will benefit from a process of brand renewal in keeping with current trends, supported by traditional British values.”
More London food:


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With the ESL One tournament just around the corner – in October – in Hamburg, Euronics will be riding the wave of esports popularity as a key partner.
Euronics International, a retail group consisting of 26 members across 35 countries in Europe, CIS, and the Middle East, announced on 27 May, 2019, the landmark sponsorship with ESL, the world’s largest esports company, broadcasting major global esports tournaments. The deal will not only centre around the famous ESL One tournament in Hamburg in October, but will also include National Leagues in key markets including France, Italy, and Spain.
The Group launched its updated brand identity in 2017, reiterating its core focus on innovative technologies and customer solutions of which gaming forms a key part, in preparation of identifying the appropriate international sponsorship opportunity which has been realised with ESL.
“The popularity and flexibility of partnering with ESL in esports has provided the Euronics Group with an exciting opportunity to collaborate simultaneously across all our markets, those carrying the Euronics logo as well as those Euronics members with strong local brands such as Boulanger (France) and Teknosa (Turkey)” said John Olsen, Managing Director of Euronics International. “For us, providing ‘a human touch in a digital world’ is our guiding principle in everything we do both instore and online. With direct access to an extremely engaged audience across multiple channels we identified great synergies with ESL. We both have a passion for creating meaningful and unforgettable experiences for our customers and fans.”
Activation will feature in- store across all markets and around events with branding in and around the venues, players, fans and across all digital platforms, offering the ideal opportunity to connect audiences and develop customer relationships and promote the Euronics brand in new and existing markets.


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Pacific Crest Apothecary
2541 U.S. Highway 101, Ilwaco
Danielle Lynn and Michael Pickens, owners
Friday through Sunday, 10 a.m. to 5 p.m.
ILWACO, Wash. — A budding apothecary business with plans to expand into a community co-op is taking root in a formerly vacant building.
On Sept. 3, Pacific Crest Apothecary held a soft opening at 2541 U.S. Highway 101.
The store carries an array of CBD and mushroom-extract supplements, topicals, teas and terpene products, but has plans to eventually expand into much more.
Owners Danielle Lynn and Michael Pickens, creators of a line of CBD and mushroom-extract supplements, moved to Oysterville from Spokane in March.
“We came to visit the area last November. We were growing out of facility in Spokane and thought we either had to get a bigger facility there or go somewhere else. We wanted to be by the coast, so we visited a few spots and fell in love with the area,” Pickens said.
Soon after arriving, they noticed a need for more heath and nutrition supplements locally.
“I have some allergies and we noticed on the peninsula there isn’t really a lot as far as health food or nutrition, so we thought we should open up our own store and bring in all kinds of supplements we typically buy and have them available here. We want it to be like a Pacific County co-op. We want to try to bring in as many local people here as possible,” Lynn said.
Lynn and Pickens started their business in Spokane two years ago, where they launched their own line of CBD products under the credo “Be healthy. Be happy. Be Adventurous.”
CBD, or cannabidiol, is a nonintoxicating ingredient found in cannabis and hemp. The compound has been viewed with increasing interest in recent years as a treatment for a variety of symptoms from anxiety to insomnia.
“We want to bring the wellness from the plant without getting people intoxicated,” Lynn said.
“We make botanical CBD products.”
The products are sold online and in 30 retail stores around the country under the Pac Crest Botanicals label.
“We do a lot of wholesale,” Pickens said.
Certain CBD supplements are created to help with mood, sleep, pain and immunity support, among other symptoms. The “Inspire” sublingual, blended with mushroom extracts and selected terpenes, acts as natural nootropics improving cognition, Lynn said.
The store also carries a line of terpene products and indoor-grown hemp flower. “It’s all organic,” Pickens said.


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July 9, 2010 1:24:00 PM
CULLMAN, Ala. -- Attention Walmart shoppers: If you were on the right aisle at a store in north Alabama recently, you could have said hello to Miley Cyrus.
Ashton Warnke did. She thought the young lady shopping in a Walmart store in Cullman looked familiar, and sure enough, it was the 17-year-old actress, accompanied by her boyfriend, Liam Hemsworth, and another young couple.
"They were just looking at bathing suits," Warnke told The Birmingham News in a story Friday. "I walked up to her and said, ''Excuse me, are you Miley Cyrus?'' She smiled and said yes, and I asked if we could get a picture. She smiled and let my mom take our picture."
Warnke added that "you could tell she didn''t want a lot of people to see she was there."
"They were just hanging out in a Walmart like normal teenagers," said Warnke, 21, of the encounter last Saturday. "Her boyfriend was videotaping her."
Cyrus lives in Nashville, about 220 miles north of Cullman. Hemsworth was a co-star with her in the movie "The Last Song." Warnke did not immediately return a call Friday.


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Editorial note: This article appeared in Linkedin on August 30th, 2016
In a money motivated world, there is no shortage of unfortunate examples of businesses placing profit above social responsibility. When this happens, how are producers held accountable for their actions, and who is influential in the process of making change? A recent news story from this week demonstrates one way that social media is answering these questions.
EpiPen, a life-saving injector that delivers epinephrine to sufferers of severe allergic reactions, costs $600. Each school-aged child needs to have 2 of them: one for home and one for school. For a family with 2 kids, this cost runs up to $2400. In 2007, four out of ten children had food allergy and the number is growing. What is the social responsibility of the producer? Who is holding it accountable? This discussion has been going on since 2014.
Mylan, the company that produces the product, has repeatedly pointed to high-deductible health plans as the main reason patients are suddenly noticing higher prices for EpiPens because they have to buy it as out-of-pocket expense.
The fact is that the price is not getting higher suddenly. There has been a 420% (adjusted for inflation) increase in the price of Epipens since 2004 (See chart below; Source: Bloomberg.com http://bloom.bg/1Wiu6Lh)
A petition “Stop the Epipen Price Gouging” has been initiated by Mellini Kantayyaand on July 11th and signed by more than 141,000 people so far. Social media platforms are the main communication channels for educating and gaining petition support.
In response to the angry consumers, Mylan announced yesterday a plan to release a generic EpiPen that is identical to the existing product and have a wholesale list price of $300 for a pack of two, half the price of the brand-name EpiPen. After falling more than 10 percent last week, Mylan shares were up slightly on Monday and this will NOT be the end of story.
This is an example of how social media can push for social justice, and it’s not the only one. People are more connected now through social media than any other time in history. Anything can be revealed and evaluated under this microscope. Be socially accountable to earn trust and keep your reputation, otherwise your world will be disrupted.
We, consumers, hold you accountable with the help of social media.


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Most Poles will spend less than EUR 21 on X-mas gifts for one person
Fifty-nine percent of Poles are planning to spend no more than PLN 100 (EUR 21) on Christmas gifts for a single person this year, a survey has found.
Forty-seven percent of people declared the PLN 50-100 price range and 12 percent are planning to spend even less than PLN 50, according to a survey by UCE Research and BLIX Group.
Twenty-seven percent have earmarked between PLN 101 and PLN 200 (EUR 21-42.5) per person on gifts.
Just six percent of the respondents will spend between PLN 301 and PLN 400 (EUR 64-85) and only one percent will buy presents for one person that are in the PLN 401-500 price range (EUR 85.5-106.5). Another one percent will spend even more than that.
Seventeen percent will give presents to two-three people, 31 percent to four-five, 22 percent to six-seven, 12 percent to eight-nine and 13 percent to more than 10 people.
The average Pole will spend PLN 500 (EUR 106.5) on Christmas gifts this year.


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PayPal Acquires card.io
card.io employees will join the PayPal product team to develop technology and apps around digital wallets. Existing card.io technology remain available to developers using it in their own apps.
The acquisition, which developed out of the two companies working together to develop new payment routes for PayPal, suggests a move towards camera-based payment methods - perhaps following in the footsteps of parent company eBay, which recently launched an image recognition app for purchasing cars.
"While working with them, we were simply blown away by the creativity and drive of their employees," says Hill Ferguson, vice president of global product at PayPal. "They are a passionate and independent team that likes solving large, complex problems and we wanted them to join our team. We can’t wait to get them involved in helping us change the future of shopping and payments."


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© Reuters. A screen displays the Fed's rate announcement as a specialty trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 26, 2022. REUTERS/Brendan McDermid
By Bansari Mayur Kamdar and Devik Jain
(Reuters) – Wall Street was expected to open higher on Thursday, helped by gains from tech-focused megacap companies a day after hawkish comments from the Federal Reserve weighed on markets.
Netflix Inc (NASDAQ:) jumped 4% in premarket trading as billionaire investor William Ackman amassed a new stake in the streaming services company worth more than $1 billion.
Tech-heavy Nasdaq futures rose 0.4%.
Apple (NASDAQ:), Microsoft (NASDAQ:), Meta Platforms and Alphabet (NASDAQ ? each gained nearly 1% as the iPhone maker was due to report results after markets closed.
Two-year U.S. yields, which are sensitive to interest rate expectations, rose to their highest levels since February 2020 after the Fed announced a March rate hike on Wednesday and reaffirmed its intention to end its bond purchases that month before initiating a significant reduction in its asset holdings. [US/]
Fed Chairman Jerome Powell warned that inflation remained above its long-term target and that supply problems were bigger and longer lasting than previously thought.
Traders forecast nearly five rate hikes by December after the Fed's announcement, after forecasting four earlier.
"The market has priced in the rate hikes, (but) it hasn't fully priced in the quantitative tightening, because we don't know what it's going to be and we don't know the impact," said Thomas Hayes, member director. at Great Hill Capital LLC in New York.
Geopolitical tensions in Ukraine heightened investor concerns. The United States said on Wednesday it had charted a diplomatic path to meet Russian demands in Eastern Europe, as Moscow held security talks with the West and stepped up its military buildup near Ukraine with new exercises.
The dive in the previous session reversed all of its early gains amid volatile trading, flirting with a correction for its third consecutive session.
The flagship index is expected to close 10% or more below its closing high reached on January 3, to confirm that it has entered correction territory. It ended the session 9.3% below that level on Wednesday.
The latest data showed the US economy grew 6.9% in the fourth quarter, well above economists' expectations of 5.5% growth.
Meanwhile, the fourth-quarter earnings season is in full swing, with analysts expecting earnings for S&P 500 companies to rise 24.4% year-over-year, according to Refinitiv, from of Wednesday.
Tesla (NASDAQ ? Inc fell 0.4% after warning supply chain issues will last through 2022, while chipmaker Intel Corp. (NASDAQ:) fell 2.9% on a pessimistic first-quarter earnings forecast due to global supply chain issues.
As of 8:38 a.m. ET, were up 43 points, or 0.13%, were up 14.25 points, or 0.33%, and were up 62.5 points, or 0.44%.
Digital workflow company ServiceNow (NYSE ? Inc) gained 10.7% after reporting upbeat fourth-quarter revenue and earnings, helped by strong subscription growth.
The article Tech stocks set to push Wall Street higher at open By Reuters appeared first on zimo news.


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The forces that hold the fiat money system together look fragile and, over the next decade, some of these forces could begin to unravel and demand for alternative currencies, from gold to crypto, could take off, German banking giant Deutsche Bank said in its recent report Imagine 2030.
"While critics bemoan cryptocurrencies as constrained by regulatory hurdles, we believe the incentives of governments and card providers are such that digital currencies are inevitable," the report prepared by Deutsche Bank Research said, adding that it would not be surprising if a new and mainstream cryptocurrency were to unexpectedly emerge in the next decade.
While cryptocurrencies have not managed to take off as a means of payment despite their well-known benefits, such as security, speed, minimal transaction fees, ease of storage and relevance in the digital era, this may change in the next decade. Assuming governments back cryptocurrencies, and consumers want them, and if current trends continue, there could be 200m blockchain wallet users in 2030 and crypto might eventually replace cash, the researchers estimated.
To have high conviction that a non-sovereign money will gain mass adoption in the future, you need to be burning the candle at both ends
One end is monetary & fiscal policy irresponsibility: Global QE + debt.
The other end is society recoiling against corruption.
We have both.
— Travis Kling (@Travis_Kling) December 6, 2019
We have lived in an era of fiat money since the early 1970s. Since then virtually all money in existence has only had a value based on trust and, in particular, trust in governments’ ability to maintain its value. Prior to this period, most of the money in existence through history was backed by a commodity – usually a precious metal like gold or silver.
Meanwhile, a survey has found that less than one-third of the surveyed Japanese citizens are in favor of mainstream cryptocurrency adoption. Per App Times, the Japanese Ministry of Education surveyed some 3,000 citizens, 82% of whom said they wanted to see more advances in robotics. 80% of respondents said they wanted a future where 5G telecoms networks played a key role. But only 30% of the respondents, all aged between 15 and 69, said they saw a key role for cryptocurrencies in the future.


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Song: Tables Have Turned
Winter Break 2018 in Seattle WA
More info on Seattle 2018|Travel Diary📖|
Seattle 2018|Travel Diary📖| - BingNews Search results
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Frontier Airlines Expands Low Fares To 90 Percent Of The U.S. Population
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