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The DJIA ended Friday up 3 points, but Nasdaq was down 31, the S&P 500 was up a point, and the 10-year treasury yield was down .02 to 3.84%. Lodging stocks were mixed. MAR traded up to a new all-time high, while ABNB hit a new 52-week high.
Baird said they expect good 2Q23 reports from Hilton and Marriott with an upward bias to earnings estimates. They believe international strength and favorable operating leverage should be the upside drivers this earnings season, particularly for MAR, despite softer domestic RevPAR trends that materialized during the quarter. They expect continued positive commentary and updates from both companies.
Wells Fargo upped its target price on Hilton to $160 from $151 and on Hyatt to $127 from $113. They lowered their target price on Choice Hotels to $113 from $122.
According to data from Lodging Econometrics, the pipeline of brand conversions in Latin America jumped by 22% in the first quarter of 2023 compared to the first quarter of 2022, totaling 67 projects and 9,464 rooms. Marriott’s data parallel global trends, with the first quarter of conversion activity accounting for 29% of rooms signed and 25% of rooms opened by the company globally. Marriott International has been boosting its organic growth with increased conversion activity. The company added nearly 17,500 conversion rooms in 2022 and signed 20,500 rooms, approximately 20% of rooms signed globally last year. In the Caribbean and Latin America, more than 50% of Marriott’s room signings were conversions in 2022. As of the first quarter of the year, the region had more than 3,000 conversion rooms in the pipeline, building on the success of the company’s strategy. Examples of recent Marriott conversions in CALA include the JW Marriott Hotel Sao Paulo in Brazil; The Westin Porto de Galinhas, an All-Inclusive Resort, also in Brazil; and The Sanctuary Cap Cana, a Luxury Collection Adult All-Inclusive Resort, in the Dominican Republic.
The 123-room Courtyard by Marriott North Charleston Airport/Coliseum in Charleston, South Carolina, has sold for $12 million. The buyer is affiliated with Baron Hospitality, and the seller was NewcrestImage and Hospitality Capital Partners. The purchase was part of the buyer’s $100 million acquisition of multiple properties. The hotel will remain a Courtyard by Marriott, and it will be one of the “newest prototype Courtyards” as Baron Hospitality plans to fully renovate the property starting later this year into the summer of 2024.
Hilton announced the signing of a management agreement for the 540-room Hilton Cancun Mar Caribe All-Inclusive Resort. Formerly known as Royal Uno All-Inclusive Resort & Spa, the property is owned by Tortuga Resorts and will be managed by Hilton. Now accepting reservations and expected to open in November of this year, the newly-renovated property features 459 guestrooms and 81 suites, five diverse dining options, five bars, multiple pools, a spa, a fitness center, and a kids and teens club featuring waterslides and an exclusive kids pool.
White Lodging announced the topping out of the first Kimpton Hotel in San Antonio, Texas. Set to open in the fourth quarter of 2024, the 10-story building seamlessly merges an 18th-century, historic schoolhouse with sleek, ultra-modern rooms and amenities. The main landmark building will be repurposed to become the property’s high-end steakhouse. The additional historic structures are being re-imagined into eight guest suites and a charming courtyard cocktail bar—a unique whisky bar and rooftop bar round out Kimpton San Antonio’s food and beverage offerings. In addition to 16 luxury guest suites and ample food and beverage options, the new 347-room Kimpton San Antonio will feature a rooftop pool and more than 11,000 square feet of flexible meeting and event space.
Plans for a new 112-room hotel in Redwood City, California, were approved by the city’s Planning Commission, moving forward with plans to replace a two-story motel downtown. Viren Patel plans to build a five-story Hyatt Place hotel and 91 onsite parking spots, replacing the 17-room motel.
The land currently occupied by the Belle Mead Plaza shopping center in Nashville, Tennessee, was purchased by AJ Capital this week for $87 million after the firm achieved a Specific Plan rezoning for the site earlier this year. AJ Capital finalized the sale this Wednesday under the title BMTN Owner LLC. The approved plan to redevelop the shopping center includes constructing several buildings, including condo homes, rental apartments, a hotel, and retail space.
Choice Hotels International, Inc. continues its growth in the extended stay segment with the construction of the Everhome Suites Lexington underway in Lexington, Kentucky. The four-story property is being developed by New Circle Investments and is slated to open in the second quarter of 2024. The Everhome Suites Lexington will feature 114 spacious apartment-style rooms, a market, a fitness center, and guest laundry facilities.
The Gulfstream Hotel and vacant land next to it could be sold to a firm specializing in historic restoration, marking the latest twist in the saga of the downtown Lake Worth Beach, Florida property. After three years of on-again, off-again efforts, Restoration St. Louis is close to finalizing a contract to buy 100% of the membership interest in Gulfstream Owner LLC, according to CDS International Holdings, which owns the hotel and the land. The sale is expected to close in mid-October, and renovation of the historic hotel could begin by November 1. The deal includes the hotel and six land parcels for an additional 50 hotel rooms, plus 85 apartments and a parking garage in an eight-story building. To make the deal financially feasible, Restoration St. Louis said an expansion of the hotel was necessary and would include a restaurant, rooftop pool, banquet room, salon, and gym.
A former doctor’s office on Main Street in Danville, Virginia, is being transformed into a boutique-style hotel. The Holbrook Hotel, being developed by Ed Walker, will include 45 luxury suites and is slated to open in October.
The Oneida Nation announced a $370 million capital investment in Turning Stone Resort and Casino in Verona, New York. The tribe will expand the facility to include a new conference center, outdoor event spaces, a hotel, and more. The two-year project will be the resort’s largest expansion since opening in 1993. The new conference center will include eight new meeting rooms with outdoor patios, two new ballrooms, an outdoor courtyard with three event spaces, and an indoor parking garage with 2,000 parking spots. The new hotel will feature 258 rooms and a Salt Seafood & Raw Bar. On October 1, Oneida Nation Enterprises will become Turning Stone Enterprises.
The former Metropolitan Hotel building in New London, Connecticut, was put up for sale this week for $567,000, according to the CREXI property listing website. The owner Brandt Gentry, operating under the name Creative Concepts, LLC, states the four-story property with a basement is gutted and ready for build-out.
Jackson, Mississippi, leaders are again seeking a developer to build a hotel across from the Jackson Convention Complex. In July, the city requested proposals for a master developer to transform the parking lot across from the convention center into a mixed-use development, complete with a 335-room hotel, 1,200-space parking garage, and community green space. This is the second time the city has sought a developer for the project under Mayor Chokwe Antar Lumumba. Previous efforts under two former Mayors fell through. The property in question includes about 7.75 acres currently used for convention center parking. The city or the Jackson Redevelopment Authority owns almost all the parcels. The first phase will consist of constructing a hotel, parking structure, and open space for entertainment. The second phase will include commercial properties around the parking garage, while the third phase will include 400 apartments or condos, a second parking structure, and more open space.
Best Western Hotels & Resorts announced the Best Western Heartland Inn opening in Mattoon, Illinois. Owned by Manny Patel, the hotel features 46 standard rooms in addition to 14 suites, an indoor pool, a fitness facility, a business center, and laundry facilities. The Best Western Heartland Inn recently underwent a $3.5 million renovation.
The Victoria Inn in Hampton, New Hampshire, has sold for $1.5 million. Tracey Dewhurst sold the property to Victoria Inn LLC. The Inn features seven unique rooms, a white linen cloth dining room, and a service bar. It also features a pavilion in the back.
JLL’s Hotels & Hospitality group arranged the sale of the 125-room Holiday Inn Express & Suites Pittsburgh-South Side in Pittsburgh, Pennsylvania. JLL represented the seller and procured the buyer. The Holiday Inn Express & Suites Pittsburgh-South Side offers 600 square feet of meeting space, a fitness center, an indoor pool, and a business center.
Hilton plans to bring the Tapestry Collection by Hilton brand to Northern Ireland, with an opening in the popular seaside town of Portrush, as part of a franchise agreement with Andras House. The 83-room hotel will boast a café, restaurant, and bar.
Scandic Hotels Group AB has grown its portfolio to 269 hotels and almost 56,000 rooms. It plans to debut its new economy band with the September 5th opening of the Scandic Go Upplandsgatan 4 in Stockholm. The company also has five hotels and 1,524 rooms in its pipeline. All but eight of its hotels are in the Nordic region. That pipeline includes a second Scandic Go hotel in Stockholm, set to open next summer with 221 rooms.
The Accor Group, Andera Partners, and partner investors have entered into exclusive negotiations for Accor to acquire a 63% stake in Potel & Chabot, which it does not currently own. After this transaction, Accor will become the sole shareholder of Potel & Chabot, which will be consolidated within the Group’s Luxury & Lifestyle Division. Closing is expected to occur in the fall of 2023.


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Nike, the well-known U.S. footwear and sports apparel manufacturer, has been somewhat overlooked in the stock market this year. However, the recent surge in NKE stock suggests a bullish turn for the company. The quarterly results released by Nike indicate a stronger-than-expected consumer base, causing short sellers to retreat.
Nike, with a market cap of approximately $146 billion, has faced neglect amidst the focus on AI and technology stocks. Nevertheless, the stock experienced a nearly 7% increase, leading analysts to question whether this is a significant breakthrough or merely temporary.
Jefferies analyst Randal Konik, who recently downgraded Nike from a Buy to a Hold rating, may have reasons to reconsider. The concerns he cited pertain to ongoing pressure in the wholesale channel and challenges faced in China due to macroeconomic factors. Konik lowered his price target on Nike shares to $100.
However, the recent stock price movement may cause Konik to reconsider his stance. Nike stock approached $100, reaching a high of $99.47. Konik’s concern regarding consumer trends is not unfounded. According to Jefferies’ research, 87% of U.S. consumers burdened by student debt express fears about meeting their monthly expenses. More specifically, 54% plan to reduce apparel and accessories spending, while 46% intend to cut footwear expenses.
Despite these trends, it is possible that consumers do not always follow through with their stated intentions. The allure of new Nike sneakers may prove too strong for some consumers, regardless of financial constraints. The question remains whether Nike’s financial figures align with the theory of a strong consumer base.
The answer can be found in Nike’s first-quarter earnings for Fiscal Year 2024. The results comfortably surpassed market expectations. With quarterly earnings per share of $0.94, Nike outperformed the analyst consensus estimate of $0.76 per share. Although Nike’s quarterly revenue of $12.94 billion reflected a 2% year-over-year increase, it fell $60 million short of consensus estimates.
Despite the slight miss, 2% annual sales growth for a retailer during a period of persistent inflation is not particularly worrisome. Nike’s customers continued purchasing products despite facing expensive rent, grocery, and utility bills. Additionally, Nike’s direct-to-consumer sales strategy yielded positive results, with Nike Direct revenue rising 6% year-over-year.
Overall, Nike President and CEO John Donahoe expressed pride in the company’s quarterly performance. He stated, “Q1 offered proof of what NIKE can deliver when we connect great innovation, great storytelling, and great marketplace experiences to consumers.”
As for the recommendations of analysts, NKE stock has a Moderate Buy rating on TipRanks. This rating is based on 19 Buys, 10 Holds, and one Sell rating assigned by analysts in the last three months. The average price target for Nike stock is $121.80, suggesting a potential upside of 27.4%.
For those seeking guidance in buying or selling NKE stock, the most profitable analyst covering the stock (with a one-year timeframe) is Sam Poser of Williams Trading. Poser has achieved an average return of 24.57% per rating and a success rate of 77%.
In conclusion, Nike’s recent success highlights a strong consumer base that surpasses initial skepticism. While cautionary opinions are acknowledged, concerns about Nike’s future prospects may be unwarranted. Considering Nike’s resilience in the face of consumer inflation, now could be an opportune time to consider investing in NKE stock. In the coming months, stock prices are anticipated to approach $120 once again, providing a potential opportunity for significant gains.
– Author: Monica Chin
– Publication: thestockbyte.com

domain: news


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- Jacques Vert, Precis Petite, Eastex and Dash owner sold
- Concession model to continue
- 17 standalone stores are not part of the deal and will shut
Jacques Vert-owner Style Group Brands, has been rescued by a new owner – a subsidiary of Calvetron Style Holdings Limited.
The deal involved fashion entrepreneur Harold Tillman, former owner of Jaeger, according to the Mail on Sunday.
Style’s joint administrators, KPMG’s Will Wright and Rob Croxen, who were appointed on Friday, said that Style has been sold to a subsidiary of Calvetron Style Holdings Limited.
They said: “The deal sees them acquire all assets of the company and trading is anticipated to continue in the concessions based in the UK, Ireland, Canada and the Middle East, and five standalone stores, securing around 1,719 jobs in those locations. Of these, 1,272 are UK based employees.”
Style runs 318 concessions in the UK and Ireland, and others in Belgium, Canada and the Middle East.
The administrators said they had “completed an agreement to sell the majority of the business and assets to a subsidiary of Calvetron Style Holdings Limited.
Seven concessions in Belgium and 17 standalone stores in the UK were not part of the deal and closed immediately with the loss of 272 job losses including 98 staff at the head office in Shoreditch and warehouses in County Durham.
KPMG partner and joint administrator Will Wright said: “The deal rescues one of the UK’s leading concession retailers and will see the continued trading of four high street brands, preserving a large number of jobs.
“It is a positive outcome given the challenging economic pressures faced by retailers across the UK.”
The Mail on Sunday reported that tycoon Tillman, chairman of the British Fashion Council, saw Style’s brands such as Jacques Vert and Eastex, as a “significant opportunity”.
Tillman told the newspaper that he and the other investors, including Sandeep Vyas and Haseeb Aziz, plan to revitalise Style by building sales online and overseas.
The brands, which target older shoppers, were formerly owned by private equity group Sun European.
Tillman, told the newspaper: ”This company is in the right space. These are premium brands. I have been through the product ranges and I can see a lot of potential.
“Jacques Vert is sexy and glamorous. Dash is in the ‘athleisure’ market, which is growing significantly, and I also think there is an opportunity to expand it into menswear.”


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GTIS makes major bid for Brazil hotel business
GTIS Partners, which has already invested more than $1.3 billion in Brazil, is offering to fork out another $350 million to take a major stake in the country’s hotel business.
According to documents and media reports, GTIS has offered to buy a 70 percent stake in Brazil Hospitality Group and take the company private. BHG, the country’s third-largest hotelier, owns and manages more than 50 hotels and 10,000 guest rooms, with most of its properties located in Rio de Janeiro and São Paulo.
Though GTIS’ executives declined comment, a report in The Wall Street Journal says the cash for the deal will come from the firm’s $810 million Brazil fund. The offer to buy 42 million shares at $8.30 per share each represents a 36 percent premium over the closing price the day prior to the Aug. 8 offer. According to Th


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Apple is now getting ready to enter the 5G space in 2020, states a report by Nikkei Asian Review. While the firm’s rivals are ahead in this move, it is now taking strong steps and focusing on shipping approximately 80 Million 5G iPhones in 2020 by mobilizing its suppliers. About 3 flagship 5G models will be rolled out by the technology company, the report stated. These models will incorporate Qualcomm’s 5G modem chip as the patent dispute between both the firms was resolved in this year’s April.
Market Intelligence and Consulting Institute’s Analyst Eddie Han told Nikkei, “Apple’s latest decision to roll out all three 5G iPhones will boost carriers’ confidence to invest.” According to an individual report, selling 200 Million iPhones in the upcoming year and the launch of 4 new models including both 4G and 5G devices are the firm’s current key plans. Samsung, which is Apple’s key rival, is ahead of the firm as it has already rolled out numerous 5G smartphones including Galaxy Note10 5G, Galaxy S10 5G, Galaxy A90 5G, and Galaxy Fold 5G. Moreover, Samsung had announced in September 2019 that it has shipped about 2 Million 5G phones and plans to achieve the target of selling 4 Million by the end of this year.
On a similar note, Apple has recently introduced a few executive-level changes and offered a promotion to several of its staff members and now they will work at the vice-president level. Reportedly, these promotions are offered to the most prominent players in the firm. Bloomberg report states that now the position of the Vice President Of Hardware Engineering will be served by Paul Meade, who was earlier serving as the Head of Hardware Development for the firm’s augmented reality headset. Moreover, Jon Andrews, who was working on software architecture, will now serve the position of the Vice President Of Software Engineering.


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It was no secret California’s wildly popular Umami Burger was eyeing Miami for its first out of Cali location and now, says founder and CEO Adam Fleischman, better late than never, it’s confirmed. “Since we opened our first location in Los Angeles, people have been asking us to open in Miami,” Fleischman said. “Miami has a diverse food culture, blending together a lot of different genres but nothing like us. South Beach is going to love our burgers.” What makes him so sure? Well, Umami’s reputation, for one, and the fact that it makes all its own condiments, cheeses and grinds its Waygu meat in house help. Expect a Spring debut in the space formerly known as 8 0z. as well as a new burger created specifically for the South Beach location. In the meantime, have a gander at its West Coast menu for an idea of what to expect.
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On May 27, Miami Beach restaurants were allowed to open their dining rooms at 50 percent occupancy, but many restaurants still aren't seeing the business they normally would.
Today, beaches in Miami-Dade are officially allowed to reopen, marking yet another step toward normalcy.
Restaurants and hotels in Miami Beach face a long road to recovery. Coronavirus, protests, and a citywide curfew don't mesh with the vision of a place better known for swaying palm trees and the light mist of mojitos and sea air.
With its new "From Miami Beach With Love" campaign, the Miami Beach Visitor and Convention Authority (MBVCA) is asking local travelers and locals to return to the beach.
At the heart of the campaign are some of the chefs and foodies who filmed videos. Gio Guitterez from Chat Chow TV, LT Steak and Seafood's Andrew Zarzosa, David's Cafe owner Adrian Gonzalez, and Benjamin Goldman from Planta were all tasked with answering the question, "Why I Love Miami Beach," on film.
In addition, people who share their Miami Beach experiences on Instagram (@experiencemiamibeach), Twitter (@miamibeach), and Facebook could win an experience box filled with goodies from iconic Miami Beach establishments like the Betsy Hotel and Joe's Stone Crab.
Grisette Roque Marcos, executive director of the MBVCA, says the campaign is aimed at people within an eight-hour drive of Miami Beach, as well as locals who want to reconnect with the city's restaurants, beach, and attractions. "The goal is to lure people here while supporting local businesses," she says. We want to invite people back to the beach and come back to the sun."
Marcos says Miami Beach restaurants are a big focus. "I think restaurants are slowly coming back. There's the extra footprint on Ocean Drive and Lincoln Road, and I think that helps," she says, referring to the city's decision to close streets to vehicular traffic in order to create additional space for outdoor seating.
The MBVCA executive is quick to point out that locals especially can benefit from this period of reopening. Fewer crowds mean no traffic jams and ample parking. "We want our local residents to experience Miami Beach while it's not so crowded. Sometimes we ignore our own backyard. Now is the perfect time to take a staycation."
Marcos also points out that Miami Spice, usually a two-month-long restaurant dining promotion, has started early this year. The promotion, which already started, runs through the end of September and offers $25 three-course lunches and $39 three-course dinners at participating eateries. "What a great opportunity to try a restaurant that you may not have gone to. "
Marcos suggests exploring the city beyond South Beach. "I'd suggest parking your car on 21st Street and walking north on the boardwalk. You'll have beautiful views of the ocean. There's a lot of beauty and diversity in Miami Beach."
If all that walking works up an appetite, take the advice of Gio Guitterez who gushes about South Beach's Macchialina in his video. "It's incredible Italian sharing food." After nearly three months without human contact, sharing a meal while supporting a local restaurant sounds like a great idea.


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Mistakes Early Uber Buyers’ should avoid.
It is possible that Uber may be the next big item just like Amazon in a few years ahead. Nobody knows what will happen. So, early Uber Buyers need to desist from common mistakes to avoid from great loss.
What I do know is that if Uber is up significantly in its first weeks in the market and the wise decision would be for long-term investors to hold for a year or half a year before jumping in to buy the Uber stocks, study the market and see how it trades.
Study the Pattern of IPOs
Veterans in this field suggest that investors should not rush to buy IPOs on the first week when still fresh in the market, it is wise to keep watching the market for some time in order to purchase it at a better price especially during a correction.
Uber Buyers’ Learn from past mistakes
To confirm why we say these Uber IPOs are dubious and unpredictable investments, look at the process of how they go going public- involving the press to hype the process. There’s absolutely no one forcing these tech companies such as Uber, and NASDAQ to go public. Why then, do they go public?
A Better Approach to IPOs
It’s quite understandable why many investors get excited about Airbnb stock, considering the possible growth off the company ahead. However, instead of the long term investors getting caught up in the Airbnb IPO hype, they should instead take a more long-term approach.
According to reports by Reuters, 8 out of the 10 biggest tech IPOs in history have over the years delivered negative returns of up to -26% and -72% within the year following their first day of trading. The first year of trading Uber stocks after the IPOs is likely to become noisy, with high risk and unpredictable year of all for investors.


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Lanvin Group reports strong H1 revenue, but lowers valuation ahead of IPO
Luxury fashion group Lanvin has reported a 73 percent increase in revenue in the first half of the year, but has trimmed its valuation ahead of its upcoming IPO.
The group, whose portfolio includes its namesake label as well as Sergio Rossi, Wolford, and St. John Knits, made revenue of 202 million euros in the six months to June 30.
That growth was driven by the Europe and North America markets, which were up 91 percent and 58 percent, respectively.
“Lanvin Group continues to deliver on its strategy, with record first half results and momentum continuing to build across all brands, in all markets and across all sales channels,” said chair and CEO Joann Cheng in a statement.
Lanvin trims valuation
Despite its robust results, the group also announced Monday that it has lowered its valuation ahead of an upcoming flotation on the New York Stock Exchange.
It now expects a valuation of 1 billion dollars, compared to its previous one of 1.25 billion dollars, due to various factors including “the latest currency and stock market environment”.
Lanvin, which is owned by China’s Fosun International, announced its plans for an IPO back in March.
The group plans to become publicly traded via a business combination with Primavera Capital Acquisition Corporation (PCAC), a special purpose acquisition company listed on the New York Stock Exchange.
Looking ahead, Cheng said: “Our outlook for the business remains unchanged and we believe the adjusted valuation establishes a highly compelling entry point for investors as we continue to capture untapped growth opportunities across the world.”
The group also announced that Meritz Securities Co, a subsidiary of South Korea-based financial services conglomerate Meritz Financial Group, has committed 50 million dollars in a private placement, and is considering an additional investment of up to 15 million dollars.
Meritz joins existing shareholders including Fosun International Limited, ITOCHU Corporation, Stella International Limited, Baozun Inc, and Golden A&A.


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Every year, at Cornell University, Autumn portends the return of the most unusual vending machine outside the Mann Library near the gardening department. Instead of the usual assortment of snacks, the popular combinations feature nine varieties of apples, all grown at two locations in Cornell Orchards.
For a modest dollar price, students can get a Gale Crisp, Shizuoka, Honey Crisp, Macintosh, or Ginger Gold party. However, the types of apples offered vary from month to month. In late August, the vending machine often displays delicious Sansa or SweeTango apples, while November offers varieties as diverse as Goldrush. Graduate students in horticulture are responsible for picking the fruit and keeping the machine full. All proceeds support the Horticultural Society (SoHo).
The vending machine, which has been a source of pride in the school for over a decade, is much more than a novelty. Cornell Orchards has been a breeding ground for important new apple varieties over the years, including Empire, Macoun, Rubyfrost, Snapdragon and Firecracker, all of which appear in the vending machine each fall. Sometimes, unnamed experimental varieties made cameos in the machine. Creating and marketing delicious apple varieties is big business these days – a staggering $10.5 million has been allocated to developing and promoting Cosmic Crisp, Honeycrisp competition in Washington state.


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Search by tags: monitor
Tech News Dell showcases new wireless display and range of UltraSharp monitors with ultra-thin bezels (Updated)
Dell today unveiled its latest range of UltraSharp monitors, including a wireless display and a new design featuring its ultra-thin InfinityEdge bezel.
ASUS announces MB169C+, the world’s first 15.6” portable monitor that features a single USB Type-C port for both video and power transmission. More of this nifty device after the jump.
Samsung, LG and Dell have announced their ultra widescreen, 21:9 cinemascope monitors in the last few days at CES, along with more 4K screens. Not surprisingly, the world's no.1 PC company is making sure they have equivalent models to quench the new trend.
LG's introduced a new line of ultra wide monitors, and one of them is compatible with AMD's FreeSync! More details inside, including QHD+ curved screen monitors.


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Mazda recalls 25,000 Mazda3 hatchbacks and sedans because the wheels might fall off
It's not hard to tell when your car has a couple loose lug nuts.
Andrew KrokReviews Editor / Cars
Cars are Andrew's jam, as is strawberry. After spending years as a regular ol' car fanatic, he started working his way through the echelons of the automotive industry, starting out as social-media director of a small European-focused garage outside of Chicago. From there, he moved to the editorial side, penning several written features in Total 911 Magazine before becoming a full-time auto writer, first for a local Chicago outlet and then for CNET Cars.
If you've ever forgotten to secure even a single lug nut holding a wheel to a car, it doesn't take a lot of driving to notice that something has gone wrong. If the problem comes out of nowhere, though, it may catch a number of people by surprise. That's the reason behind
Mazda has issued a recall for approximately 25,000 examples of the 2019
in both hatchback and sedan form. The vehicles were produced between Sept. 25, 2018 and April 19, 2019.
The problem comes from the wheel lug nuts, which are responsible for securing the car's wheels to the car itself. According to the automaker, a manufacturing error caused a gap between the hub bolt head and a flange in the hub bearing assembly, which might lead to an eventual loosening of the lug nuts. If that happens and action isn't immediately taken, the wheel may fall off, which presents a pretty massive safety issue. Mazda says that a rattling noise will occur before the wheel falls off, and drivers will possibly feel some shuddering in the steering wheel.
Mazda discovered the issue in April after receiving a field report of a lug nut loosening. Two days later, Mazda found the root cause that could result in loose lug nuts. The automaker improved the assembly process to eliminate this gap between the parts, but it initiated a recall for vehicles already out of the factory with this issue.
The remedy is about as simple as it can get. Upon receiving recalled vehicles at the dealership, technicians will go about tightening the lug nuts, which will eliminate the gap between the parts and prevent the issue from happening again. No replacement parts are needed. Mazda will notify owners in early August via first-class mail.
2019 Mazda3: A sporty compact with few compromises


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Nearly one year after announcing the formation of a cruise joint venture in China, Carnival Corporation confirmed Friday that it has signed a memorandum of agreement to build two Vista-class cruise ships in partnership with the China State Shipbuilding Corporation (CSSC).
The two ships, which will be built on the Carnival Vista platform, will operate in China under a domestic cruise brand as part of Carnival Corporation's joint venture with CSSC and the China Investment Capital Corporation (CIC Capital).
The agreement is significant in that it would signal the first time a new cruise ship was built in China for the Chinese market.
The ships will be built by a joint venture between CSSC and the world's largest shipbuilding company in Italy's Fincantieri Shipyards.
"Carnival Corporation's cruise joint venture in China will operate the new ships as part of its plans to launch the first multi-ship domestic cruise brand in China," Carnival said in a news release. "Based on Carnival Corporation's Vista-class platform, the design for the new ships will be tailored for the new Chinese cruise brand and the specific tastes of Chinese travelers."
[READMORE] READ MORE: Carnival Announces Joint Venture to Launch Domestic Chinese Cruise Brand [/READMORE]
The first ship is scheduled to be delivered in 2022. In the meantime, the new domestic brand is expected to launch with ships purchased from Carnival's existing fleet.
According to Carnival, the memorandum also gives it the option to order two additional China-built cruise ships.
"We are excited about the potential for the first new cruise ships to be built and deployed in China for the enjoyment of Chinese travelers, which will be an important milestone in the development of the Chinese cruise market," Carnival's Global Chief Operations Officer Alan Buckelew said in a statement.
"As we work with our Chinese partners to launch the first domestic Chinese cruise brand in the next few years, being able to offer cruises on China-built cruise ships represents a new opportunity for us to generate excitement and demand for cruising amongst a broader segment of the Chinese vacation market, which is already the largest in the world and continues to see strong growth every year."
Carnival and its partners also announced Friday that the cruise joint venture has been granted approval to incorporate in Hong Kong by the Chinese central government.
A Maryland native and wanderer who has lived across the U.S. from North Carolina to SoCal, Patrick Clarke graduated from Towson...
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Flipkart has kicked off its Huge Bachat Dhamaal sale that brings bargains on telephones such as the Motorola Edge 20 Fusion 5G, Moto G31, Poco M4 Pro, and the Vivo T1 5G. In addition to bargains, there will be some versions with exchange delivers. The Flipkart sale that lasts right until Sunday, Could 22, is also claimed to introduce up to 80 % price reduction on electronics and add-ons and up to 70 p.c off on TVs. Flipkart is also web hosting confined-time period promotions at 12am, 8am, and 4pm right up until Sunday.
Flipkart Massive Bachat Dhamaal sale cellular cell phone discount rates
The 3-day Flipkart Large Bachat Dhamaal sale brings the Motorola Edge 20 Fusion 5G commencing at Rs. 18,999. The cell phone was released final yr at Rs. 21,499. Flipkart also has the Moto G31 beginning at Rs. 10,999, down from its launch value of Rs. 12,999. In the same way, the Moto G40 Fusion is accessible at Rs. 14,499. It debuted final year at Rs. 17,999.
If a Motorola phone is not your decide on, the Flipkart sale has the Poco C31 setting up at Rs. 7,499, down from its start value of Rs. 7,999.
The Poco M4 Professional 4G is also on sale starting off at Rs. 12,999. It arrived very last year with an preliminary price tag of Rs. 14,999.
Flipkart also has the Vivo T1 5G setting up at Rs. 15,990. It debuted in February with a base price tag of Rs. 15,990. You can examine out a lot more Flipkart specials in this article.
Flipkart Massive Bachat Dhamaal sale specials on electronics
Alongside the telephones, the Flipkart Huge Bachat Dhamaal sale is claimed to provide up to 80 percent discount on gaming extras and up to 70 p.c discount on TVs. The sale also brings bargains on some wi-fi earbuds, Television streaming equipment, and laptop extras, as mentioned on the Flipkart website page.


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Metal Gear designer and producer Hideo Kojima has revealed that his studio, Kojima Productions, will ‘start from zero’ from 2009 in order to better complete globally.
"We’re currently reviewing everything – from the team structure to tools and our staff – in order to make Kojima Productions a team that can challenge foreign creators and software houses," he told Famitsu as part of their 2009 preview. "So, because of that, 2009 is going to be a very important year for us.
"I’ve come to understand that the way we’ve made games up until now won’t translate globally, and I’ve come to think that I need to make Kojima Productions a team that can compete alongside the rest of the world," he said.
"I’ve thought a lot about how Western games have been winning, looking it from a global perspective, and there are things that I’ve noticed. So 2009 will be a year of change, a year where we start from zero again."
Likening games developed in the West to Hollywood’s output in terms of worldwide appeal, he said: "With games, you’ve got to use cutting-edge techniques, and doing so costs money – so I don’t think you can make games that just appeal to the Japanese market. So, 2009 will see us continuing to think how to create a team that can take on the world."


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Customs register two cases against Kerala govt for accepting consignments by UAE for personal use
The Customs said that "some powerful persons" in the state government had accepted those items as "gifts for distribution at certain places" and will have to be questioned for clarification in the case
Licence of 56 customs brokers suspended since August 2019 for links with fraudulent exporters: CBIC
The Directorate General of Analytics and ...
Consignment of exotic wildlife intercepted in Silchar, Assam
The forest authorities here disclosed that a truck coming from Mizoram side was ...
India has cleared all consignments, says Foxconn
Even after the security alert was withdrawn, government sources said, clearances are happening on a case-by-case basis and it will continue to do 100% manual checks for import shipments of Chinese companies.
Railways mulls using India Post services for pan-India last-mile connectivity for consignment
"So, basically, it is a door-to-door delivery of service.The Central Railways has done a pilot project and we are planning to introduce this pan-India," Yadav told a press briefing.
Drug companies complain of hefty charges on stuck consignments from China
The pharma industry representatives ET spoke with said that while the customs department has been clearing containers of some drugs from China, consignments containing key starting material, active pharmaceutical ingredients (APIs) of vitamins, blood thinners and some critical drugs, etc., are still not cleared. Besides, port authorities are demanding demurrage charges.
Apparel companies urge govt to expedite clearance of consignments from China
In a letter to the finance ministry, the Apparel Export Promotion Council said “the situation at all airports and seaports is precarious as there is inordinate delay caused on all import consignments which are held up due to 100% open examination by customs, who are not processing the documents for the shipments originated from China, Hong Kong and Taiwan”.
Apparel industry seeks faster clearance of import consignments from China
While there has been no official instruction on 100% checking of consignments coming from China, Chennai and some other ports began closer scrutiny of Chinese imports a few days ago.
PNB scandal: ED brings back consignments of Nirav Modi, Mehul Choksi
Both Nirav Modi and Mehul Choksi are the prime accused in $2 billion Punjab National Bank (PNB) scandal. According to ED, values of these goods have been declared to be Rs 1,350 crores (approx.). These valuables include polished diamonds, pearls, pearl and silver jewellery etc. and were kept in the godown of a logistics company in Hong Kong.
Basmati rice consignments worth Rs 1700 crore stuck at Iranian ports
Basmati rice consignments worth Rs 1,700 crore are stuck at Iranian ports because of issues with the country's central bank, prompting exporters to seek government help to ensure steady payments from Tehran.
Daily volumes at major ports up 8%
Volumes handled at major ports in the country in June climbed from a month earlier even after the clearing of consignments imported from China was delayed, according to a report by IDFC Securities.
Boycott China: Checks on imports to hit drug, devices supply
Medical equipment such as infrared thermometers and pulse oximeters needed in the fight against Covid-19, among others, are stuck at the ports and may result in shortages soon, according to the Pharmaceutical Export Promotion Council (Pharmexcil).
Hydroxychloroquine consignment from India arrives in US
Earlier this week, India at the request of President Donald Trump cleared the export of 35.82 lakh tablets of hydroxychloroquine to the US along with nine metric tons of active pharmaceutical ingredient or API required in the manufacturing of the drug.
Exporters raising concern over consignment hold-up by Hong Kong, Chinese customs: FIEO
"We have been given to understand that customs is physically examining all imports from China which is delaying clearance, adding to the cost of imports," Federation of Indian Export Organisations (FIEO) President S K Saraf said in a letter to Commerce Secretary Anup Wadhawan.
India gifts a 10-tonne consignment of medicines to Sri Lanka
It may also be recalled that at the initiative of Prime Minister of India, a SAARC Leaders Video Conference was held on 15 March 2020 to discuss ways to combat the COVID-19 pandemic.


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The two entities are collaborating on a merchandise collection, utilizing the intellectual property (IP) of both brands to release hoodies, T-shirts and wristbands. A portion of the proceeds will be donated to the Global Fund, an organization dedicated to providing resources to fight AIDS.
Peter Gould, chief communications officer at Okay Bears, said in a press release the NFT collection is emblematic of a “culture shift” in the space, utilizing NFTs to power philanthropy.
“We’re proud to collaborate with (RED) and build on our shared history of using merchandise and digital collectables to combat the most important human rights issues of our time,” said Gould.
Greg Sheps, head of business of development at (RED), said he views on-chain art as an innovative vehicle to fundraise.
“If we want to end the threat of AIDS, we must think outside the box, meet consumers where they are, and create new and exciting collaborations that generate more money and more heat to fight AIDS and the injustices that enable the pandemics to thrive,” said Sheps. “(RED) is thrilled to continue our foray into the digital art space by collaborating with Okay Bears to drive life-saving testing, treatment and care to those who need it most.”
Okay Bears has been working to expand its IP into partnerships and real-world experiences. In July, the collection inked a partnership with entertainment company IMG to roll out new products for the collection.
According to data from NFT marketplace Magic Eden, Okay Bears is among the top Solana-based projects on its platform. At the time of writing, it has a floor price of 77.5 SOL, or about $1,900, with a trading volume of 3.1 million SOL, or $76.3 million.


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iPhones, Rolex watches and Louis Vuitton handbags are just some of the big name brands that have fallen foul of counterfeiters. However, what you may not know is one of the world’s most counterfeited items is actually the humble cotton shirt.
It begs the question how do you combat counterfeit cotton? YPB Group (ASX:YPB) may have the answer. The company is developing much needed technologies, most notably the MotifMicro authentication technology and ProtectCode, to counter the $1.82 trillion worth of counterfeiting incidences anticipated by 2020.
Particular areas of focus are dairy, cannabis, alcohol and cosmetics where the viral growth of fake products, especially in Asia, affects brand value and endangers consumers. Many industries are interested in preventing counterfeiting of a wide range of materials. For example, one of YPB’s China clients currently marks glue used in global brand consumer goods with YPB technology to prevent substitution.
YPB has recently completed several deals with a variety of clients to not only combat counterfeit, but also deliver a full suite of proven data driven, customer engagement retail solutions derived from the anti-counterfeit technology.
From cotton to cannabis to dairy
Esquel Group, the world’s largest cotton garment maker, has engaged YPB to provide anti-counterfeit fibres embedded with invisible tracer technology. In essence, clothing brands are able to use YPB’s scanner to detect whether or not the AC fibres are present in each shirt label.
This provides the brand with the ability to identify counterfeit products and confirm authenticity throughout the supply chain through either stocktake processes or simple spot checks.
Esquel Group, produces about 100 million garments per year and is incorporating YPB’s Anti-Counterfeit (AC) tracer thread into their clothing labels for two of their major brand clients. However, clothing is just a small sample of YPB’s reach.
This year YPB signed its first client in the cannabis consumables space, establishing a foothold in a high volume, fast growing industry where companies are increasingly alert to counterfeit products.
YPB inked a Master Supply Agreement with US-based cannabis extraction specialist Halo Labs Inc. (NEO:HALO). The deal gives Halo access to YPB’s authentication solutions and the YPB Connect consumer engagement platform for its delivery systems and consumable products such as food, oils and concentrates.
The contract contributes revenue through both the sale of authentication tracers and labels, charged on a per unit volume basis and Software as a Service (SaaS) monthly fees.
The Halo deal was the second major partnership this year in the legal cannabis industry, which the Barclays European Consumer Staples Report from September 2018 estimated to be worth US$150 billion (A$213.8B), potentially doubling to US$272 billion by 2028.
Barclays analysts estimate that if fully legalised today, the US cannabis market alone could be worth US$41 billion by 2028. The third major market YPB has entered is the powdered milk market.
YPB’s strategy is to focus on high need, mass market verticals such as dairy, wine, pharmaceuticals, health and beauty. In relation to dairy, YPB signed a 2+2 year sales contract with Nature One Dairy for the integration of its consumer engagement and serialised authentication solution, Connect, into its milk powder tins.
Importantly, Nature One Dairy is one of Australia’s milk formula manufacturers accredited by the Certification and Accreditation Administration of the People’s Republic of China (CNCA) for export to
Nature One Dairy sells across 1800 Chinese outlets, so this is an important contract for YPB with the company set to embed its consumer engagement and serialised authentication solution, Connect into Nature One’s manufactured milk powder tins.
MotifMicro is a multi-patented, high security, invisible-to-the-human-eye, smartphone-readable anti-counterfeit technology. Recently, MotifMicro1 (MM1) was certified as safe to FDA standards for food contact by the world leading certification company SGS. SGS is a multinational company headquartered in Geneva Switzerland and is recognised as the world’s leading inspection and certification group.
Highlighting the significance of this development in terms of de-risking a possible barrier to commercial success, YPB chief executive John Houston said, “So far we have serious commercial interest in MotifMicro1 from Australia, Thailand, USA and China where we have the largest security
printer as the first adopter of our MM1 technology.
“Commercial print trials are underway and this SGS certification of the safety of our now core authentication technology eliminates a possible barrier to its commercial success. Brands can confidently employ our authentication solutions in food packaging with this certification as to its safety.”
In mid-September, YPB negotiated the first supply agreement for its MM1 smartphone authentication technology with China’s leading security label supplier PanPass Inc. being the first commercial adoption of the solution.
PanPass is reputedly China’s largest security label supplier with annual volumes of 15 billion labels. This is a critical milestone as it confirms the path to revenue generation for this novel technology.


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Rakesh group, which manufactures spices and other food products, reported a 16 percent increase in its net profit at Rs 39 crore for the financial ear 2021-22, on higher sales. Its profit stood at Rs 33.69 crore in the year-ago period.
In a statement, the Rakesh group said its revenue increased 19 percent to Rs 510 crore in the 2021-22 fiscal year from Rs 427 crore in the preceding year.
Established in 1975 Rakesh Group said it is expanding its portfolio to become a full-scale food products company. The company targets to double its revenue to Rs 1,000 crore by 2025 the statement added.
Vivek Pathak, CEO, Rakesh Group said, "From Rs 40 crore in 2012 to more than Rs 500 crore sales Rakesh Group has not only come a long way but has always been ahead of its industry growth rate.”
Rakesh Group has recently bought land near Kanpur to expand its production capacity substantially to feed its future expansion as well as ongoing planned transition to a food-products company, the statement said.
At present, the company has 10 manufacturing units, including a Food Zone having 6 manufacturing units in Kanpur. The company has an operational presence in eight states - Bihar, Jharkhand, Uttar Pradesh, Uttarakhand, Madhya Pradesh, Assam, West Bengal, and Delhi, with more than 50 branded stores hundreds of distributors, and an e-commerce portal.
(To know more about what is happening in the retail, D2C, and e-commerce industry, please attend IReC.)


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177w ago - Today online retailer eStarland.com has revealed what is purported to be the Resistance 3 PS3 setting, sample boxart (below) and a release date of March 24, 2011.
While there is no official confirmation yet from Sony nor Insomniac Games beyond the previously reported developer profile and gameplay survey, the setting of Resistance 3 for PlayStation 3 appears to be in New York based on the boxart logo which matches the Resistance 3 billboard and product description, as follows:
"Continue the fight against the Chimera invasion in Resistance 3, as the battle moves to New York City and humanity makes its final stand."
To quote: "The billboard for Resistance 3 gives a vague clue on the plot of the game. For Resistance 3, the A in the billboard clearly illustrates the Statue of Liberty, indicating New York City will be the game's primary setting.
189w ago - Today Brand Manager Tim Hodges has detailed and dated Championship Manager for both PSP and PS3 Minis, which will hit PlayStation Network at the end of the month.
To quote: Championship Manager 2010 will be available to download from the PlayStation Network around Europe as of the 29th of April for just £4.99 (€5.99). That's less than one week to wait before you can take on one of the toughest jobs on earth.
In addition to the new screenshots you can see here, which also answer a few people's questions about whether or not the game will contain real player and team names, we've also put together a video that shows you a little bit more of the game.
So keep an eye out on the 29th of April for the game to appear on the PlayStation Network and enjoy starting your management career.
205w ago - Update #2: Mike Kebby from SCEE's PlayStation Store Team has now confirmed the Heavy Rain PS3 demo will be hitting the PlayStation Store on February 11, 2010.
Update: Sony has just confirmed that Heavy Rain will be hitting PS3 store shelves in North America on February 23, grace mainland Europe on February 24, and hit the UK and Ireland on February 26, 2010... meaning the initial date Qore set of the 16th was inaccurate.
Today Examiner.com (linked above) has revealed that Qore Episode 20 dates the Heavy Rain North American PS3 release for February 16, 2010.
Additionally, CVG has reported that the UK should see a February 26th street date for the PlayStation 3 title.
220w ago - After Sony's Keynote address, Kazunori Yamauchi has just announced at the Sony Computer Entertainment Japan press conference at the Tokyo Game Show that the official release date for Gran Turismo 5 is March 2010.
Additionally, the following GT5 modes and features were revealed:
• GT Mode: World Map, My Garage, Car Dealer, Tuning Shop, Championship Race, and License Test.
• Online: Open Lobby, Text/Voice Chat, Private Room, Online Photo Album, Online Replay Album, and you can export replays to YouTube.
• Photo Mode: Photo Drive, Photo Stage.
• GT TV: Improved UI, export of videos to PSP, and progressive downloading.
To quote: "Featuring lots of new cars, lifelike graphics, and amazing racing physics, GT5 will quickly become regarded as the top racing simulation game of all-time.
The game will feature over 950 cars, 20 locations, and 70 tracks.
A new YouTube feature will also be included along will a deep online mode including: open lobby, text/voice chat, private room, online photo album, online replay album, and you can export replays to YouTube."
231w ago - PS3Center.net (linked above) has revealed that the next Experience! PlayStation event will be held on July 11, 2009 in Osaka, Japan.
For those unaware, Experience! PlayStation is an event that takes place on a near-monthly basis in Japan. Attendees are allowed to test-play upcoming PS3 and PSP game releases.
Today they announced the details for the next event, to quote:
The next event will take place on July 11 near the Hankyu Umeda Station in Osaka, Japan.
Exhibit hours are scheduled for 12:00 to 18:00. PS3 games that will be making appearance are; Professional Baseball Spirits 6, Katamari Damacy Tribute and more. Swelling, and Toro (SCE) of 3 is exhibited.
PSP games will also be making an appearance such as Monster Hunter Portable 2nd G, and a new Konami baseball game for the PSP. The next event in August will feature the highly anticipated Tales of Vs.


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Equifax shares are down 3 percent after it said it has disabled one of its customer help online pages and is investigating another possible cyberbreach.
The consumer credit reporting company said its security teams are looking into another possible breach barely one month after it disclosed a hack that left personal information for 145.5 million people exposed.
The company said the problem is in its credit report assistance link on its website. "We are aware of the situation," a spokesman said. "Our IT and Security teams are looking into this matter, and out of an abundance of caution have temporarily taken this page offline."
This story is developing. Please check back for further updates.
Click here for the latest on the markets.


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Today at MWC 2017, BlackBerry and TCL officially unveiled the BlackBerry KeyOne, the device formerly known as the “Mercury.” Since the reveal, the biggest complaint I’ve seen circulating around social media regards the pricing, particularly how high it is. Do you think the KeyOne is overpriced?
Taking a step back, let’s look at what the BlackBerry KeyOne brings to the table. It has a 4.5-inch 3:2 1080p display, physical keyboard with gestures and button shortcuts, and the latest version of Android Nougat with BlackBerry’s various security enhancements.
As for the rest of its specifications, it brings the Qualcomm Snapdragon 625 chipset and 3GB of RAM, and therein lies the main topic of controversy. BlackBerry has effectively put what would be an excellent flagship price tag of $549 on a smartphone that’s on the same level spec-wise as many budget smartphones. While the Snapdragon 625 holds its own quite well, as evidenced by Motorola’s Moto Z Play, it’s certainly not a flagship processor.
So, with all of that said, do you think BlackBerry’s latest attempt is worth its price tag? Answer in the poll below, and let us know your thoughts on the KeyOne in the comments below!
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What you need to know
- Motorola says it will be among the first to launch a Snapdragon 8 Gen 1 smartphone.
- The company also plans to utilize the new chip with an upcoming wearable launch.
- Images of Motorola's upcoming smart glasses may have leaked with an interesting design.
Since Qualcomm launched its new Snapdragon 8 Gen 1 mobile platform, Xiaomi has claimed that it will be the first to launch a smartphone with the new chipset, which isn't too surprising. Now, Motorola has chimed in, saying it will be among the first to feature the chipset, but it has plans for more than just a smartphone.
Motorola's head of customer experience, Ruben Castano, has teased that the company is working on a new wearable launch that will utilize the Snapdragon 8 Gen 1.
So we can expect the next Motorola Edge successor to feature the flagship chipset, which already sounds great considering Motorola's increased focus on competing with best budget Android phones. We've already heard rumors of an impressive-sounding Motorola phone in the pipeline.
However, news of a wearable is particularly fascinating, and thanks to some exciting leaks, we may have some idea of what to expect from Motorola.
Leaker Evan Blass has apparently spilled the beans on what looks like a pair of smart AR glasses that attach to a neckband via a USB-C cable. The neckband also reportedly has a touchpad.
What do you get when you cross a Lenovo AR headset with a Motorola-designed, touchpad-bearing neckband -- all of it spearheaded by Verizon as a marquee use case for its 5G ultrawideband network? Meet "Project Ironman." pic.twitter.com/ZAe5LEekRpWhat do you get when you cross a Lenovo AR headset with a Motorola-designed, touchpad-bearing neckband -- all of it spearheaded by Verizon as a marquee use case for its 5G ultrawideband network? Meet "Project Ironman." pic.twitter.com/ZAe5LEekRp— Ev (@evleaks) December 1, 2021December 1, 2021
It's not exactly clear what this neckband piece might be used for, but it does look... interesting. There isn't much information on "Project Ironman" at the moment besides the fact that it will be launched with Verizon. That said, Castano mentioned that its next Edge flagship smartphone would be announced in China in a few days, so we may hear more about this wearable soon.
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Derrek is a long-time Nokia and LG fanboy who loves astronomy, videography, and sci-fi movies. When he's not working, he's most likely working out or smoldering at the camera.


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When it comes to electric cars, a lot of legacy automobile manufacturers have really been dragging their feet with getting on board. However, it looks like Toyota may finally be coming around, albeit a bit slowly. Today Toyota announced its plans to accelerate its electric vehicle schedule by five years.
Greater Demand For Electric Cars
With the growing global demand for electric cars, Toyota’s longstanding aversion to battery-powered vehicles is being forced to change. The exponential expansion of this market means that Toyota will need to adapt to survive, and it is encouraging to see it trying to, at least a little.
Part of the reason for this attitude likely comes from profits: electric cars are expensive to produce, and manufacturers are not making as much money on the sale of an electric car as they would on a gas-powered car. But those costs have been coming down over the past decade, and with time profits may become more comparable.
For now, Toyota wants to have half of its global sales to be electrified in some way by 2025– five years ahead of previously announced plans.
Toyota Electric Car Plans Focused On Hybrids
Stubbornness is hard to grow out of, however, and it seems like Toyota is still holding on to some of it. While they are planning on accelerating their plans to produce and sell electric vehicles, they are determined to focus heavily on hybrids rather than all-electric cars.
During their recent press conference, Toyota Executive Vice President Shigeki Terashi touched on the issue. “We haven’t changed our policy towards battery EVs. We are not shifting our focus to prioritize battery EVs, nor are we abandoning our FCV (fuel cell vehicle) strategy.”
They seem to firmly believe that hybrids are a better alternative to all-electric cars, thanks in part to their existing success in that area. Toyota’s Prius hit the world market almost twenty years ago as the first mass-market “green car”, and since then Toyota has enjoyed leading the pack in terms of hybrid and FCV technology, mostly in the form of hydrogen fuel cells. In fact, it currently sells more than 80% of all hybrid vehicles worldwide.
For now, Toyota seems content to rest on its laurels rather than invest in new technology.
Too Little, Too Late?
Toyota fully embraces the current benefits of hybrid vehicles: they have a gasoline fuel efficiency almost twice that of regular gasoline-powered cars, lower production costs, and freedom from sparse electric car charging networks. It does not see a reason to deviate from this business model right now.
But dependence on non-renewable fuels, dropping manufacturing costs, and growing charging infrastructure may soon make those ‘benefits’ moot. If Toyota does not come on board with the likelihood that the future lies in all-electric cars, they may find themselves left in the dust.


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Oddworld: Stranger’s Wrath HD Coming this November to the PlayStation Vita
Earlier this year, Just Add Water announced Oddworld: Stranger’s Wrath HD for the PlayStation Vita. If you didn’t already know, Oddworld: Stranger’s Wrath was originally an Xbox exclusive title. Now, it’s been remastered and launched on the PlayStation Network.
Just Add Water’s Steward Gilray too the stage at Eurogamer Expo 2012 to announced that Stranger’s Wrath HD will be coming to the Vita this November.
Gilray also stated that it will be submitted to Sony’s Q&A testers in about three weeks. Assuming that all goes well, we’ll be able to get our hands on Stranger’s Wrath HD for the Vita in the middle of November. If you’re too eager to wait for the Vita release, remember, you can download the PS3 version on PSN right now!


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Apple at the moment introduced its App Retailer Better of 2020 winners, recognizing 15 apps and video games that proved to be important for making life simpler, more healthy, and extra linked this 12 months. Notable for his or her top quality, artistic design, usability, and revolutionary expertise, these apps and video games are equally celebrated for his or her constructive cultural influence, helpfulness, and significance.
“This year, more than ever before, some of our most creative and connected moments happened in apps. This was thanks to the amazing work of developers who introduced fresh, helpful app experiences throughout the year,” mentioned Phil Schiller, Apple Fellow. “Around the world, we saw remarkable efforts from so many developers, and these Best of 2020 winners are 15 outstanding examples of that innovation. From helping us stay fit and mindful, to keeping our children’s education on track, to helping fight hunger, their impact was meaningful to so many of us.”
The impartial developer of Wakeout! introduced mild train to dwelling places of work and school rooms with light-hearted and inclusive actions designed for everybody. Huge fantasy worlds in video games like “Genshin Affect,” “Legends of Runeterra,” “Disco Elysium,” “Dandara Trials of Worry,” and Apple Arcade’s “Sneaky Sasquatch” delivered an awesome escape, whereas Disney+ supplied a way of limitless chance that many craved. Whether or not it was to facilitate distance studying by Zoom, create day by day routines with Fantastical or lull us to sleep with Endel, the App Retailer Better of 2020 winners helped us reside our greatest lives at dwelling.
Greatest Apps of 2020
iPhone App of the Yr: Wakeout!, developed by Andres Canella.


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A brand new City Centre outlet officially opened its doors in a ribbon cutting ceremony which was attended by the Minister of Labour and Social Affairs Hind Al-Sabeeh alongside City Centre management and representatives of the area on Wednesday Evening.
Located at Bneid Al-Gar where the old cooperative once stood, the event also highlighted the very first collaboration between the public and private sectors in the development of cooperatives around Kuwait, as the new City Centre is likewise the Bneid Al-Gar cooperative.
Speaking to the media after a tour around the store, Minister of labour and social affairs Hind Al-Sabeeh stated that this kind of cooperation between the public sector and its private counterpart is what we have been working towards for a while now, and today we have witnessed its fruitful results.
She added that the investor has taken the needs of the people living in the area into consideration and implemented them in this new outlet, which is evident in the diversity of available products and services.
The minister also explained that the transformation of Bneid Al-Gar cooperative to City Centre and its hand-over of management does not abolish the cooperative system, for shareholders are still accounted for and earnings registered. Asserting that this is not considered a privatization, it is an investment endeavour headed by City Centre, and that not all cooperatives will go through this change for a lot of them are very successful and are not in need of outside investments, only those that are witnessing difficulties are susceptible.
From his side, Executive Director of the City Centre Group Jasem Yagoub Al-Ghanim said that prioritizing the needs of the Kuwaiti public and providing it for them with the best of prices has always been their main pillar since the beginning, extending his appreciation to the ministry of labour and social affairs for giving them their trust in restoring the Bneid Al-Gar and Dasma cooperative, making them the first privately owned body to venture into this collaboration.
On the other hand, Regional Development Manager Naser Adel Al-Ghanim affirmed that the new City Centre Bneid Al-Gar can be considered an escalation in terms of grocery shopping and services, for the whole of the building has been renewed to the highest of standards. Adding that the development plan was not limited to the store’s outlook but staff training, service upgrade and market studies were also implemented to insure the best experience for costumers.


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Dick Smith has lodged its much anticipated prospectus with the Australian Securities and Investments Commission, seeking to raise $344.5 million via the public offering of 157 million shares.
Speculation over the value of the initial public offer has been rife in recent months, and at one stage it was predicted it could be worth up to $600 million.
The figure of $344.5 million is based on the price of $2.20 a share, and is still a substantial increase on what Anchorage Capital Partners paid for the electronics business last September. The turnaround and private equity firm handed over just $20 million to former owner Woolworths for the chain.
At the time, there was an agreement that Woolworths would collect a proportion of the sale price when Anchorage sold Dick Smith. However, Anchorage paid another $74 million to Woolworths earlier this year to get out of that agreement.
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Anchorage will retain a 20% interest in the business. The management team will retain all of their existing equity stakes on listing, so they will collectively hold approximately 11.5% of the shares on issue.
Dick Smith managing director and chief executive Nick Abboud said in a statement that the business had undergone “significant transformation” over the past year under Anchorage.
“With the transformation initiatives largely implemented, management put in place a comprehensive strategy and plan focusing on key business initiatives which provide a strong platform for growth and the further development of our business,” he said.
Anchorage are promoting the brand’s iconic status, high growth product offer and solid quarter one 2014 financial results to appeal to potential shareholders.
It predicts that EBITDA is forecast to grow to $71.8 million in financial year 2014 from $23.4 million in FY2013.
The IPO is expected to be completed before Christmas.


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Kuo: Apple will release an OLED MacBook by the end of 2024
Apple’s first OLED MacBook will arrive by the end of 2024. According to analyst Ming-Chi Kuo, Apple plans to ship the OLED MacBook in the latter stages of next year, so don’t hold your breath any longer early.
Kuo says OLED will bring some advantages over the mini-LED that Apple currently uses in the MacBook Pro 14 and 16 and iPad Pro 12. This will enable thinner and lighter devices with larger form factors. diversified. By the way, OLED also allows devices to bend.
It is expected that with the adoption of Apple, the growth of OLED laptop shipments will continue to increase in the coming years.
— 郭明錤 (Ming-Chi Kuo) (@mingchikuo) January 11, 2023
Kuo doesn’t say which MacBook will be the first to adopt OLED, but industry insider Ross Young said Apple will announce a 13-inch OLED MacBook Air by 2024.


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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Tractor Supply (NASDAQ:TSCO) jumped 10% today, after the company released earnings.
So what: Sales rose 3.7%, to $1.29 billion, in the quarter, coming in just ahead of estimates. But earnings jumped 15.6%, to $1.11 per share, which was well ahead of the $1.03 estimate, giving a jolt to the stock.
Now what: Management expects continued growth of $5.07 to $5.17 billion in revenue next year, and earnings of $4.32 to $4.40 per share. The continued strong operations are good for the company, but I'm a little worried about paying up for the stock. Shares closed at $103.67 today, indicating a 23.6 forward P/E ratio at the high end of estimates, a steep price even with good growth. I'll stay away for now, and wait for a better value in the stock.
Interested in more info on Tractor Supply? Add it to your watchlist by clicking here.


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Assac Networks releases a new version of its anti-tapping Assac Dialer encryption App for iOS smartphones
Ramat Hasharon. Israel. February 06, 18. For immediate release
Assac Networks, a leading developer of mobile and fixed-line communication security solutions, announced today the release of its newest version of the Assac Dialer App for iOS smartphones. The first generation Assac Dialer app, which was launched in 2014, is used by security and commercial organizations throughout the world, enabling users to make encrypted and secured calls at the highest encryption level, fully protected from any hackers’ attempt to tap the call.
The latest version of the Assac Dialer supports iOS 11, providing enhanced features such as secured text, push availability with top priority for secured calls, conference room and manageable groups. The Assac Dialer app, along with the Company’s CryptoSwitch solution, enables secured, encrypted calls between COTS mobile devices, even in scenarios where the user on the opposite end of the call is using a non-encrypted mobile or land-line device.
The Android version of the 2nd generation Assac Dialer app is in final stages of development, and will be available on the Google Play store within the next couple of weeks.
Shimon Zigdon, Assac Networks’ CEO, said that “the combination of the Assac Dialer App along with the Company’s CryptoSwitch and CryptoShield solutions provides smartphone users with peace of mind, knowing they’re fully protected from the most common hacking and tapping threats. The global concern over mobile communication security is gaining widespread awareness over the past couple of years, and this latest generation Assac Dialer app was designed in order to meet the growing demand we’re witnessing for 360° smartphone security solutions against cyber threats.”
About Assac Networks:
ASSAC NETWORKS develops, integrates and markets network-forensic and security products and solutions in the fields of mobile and fixed-line communication as well as cyber protection systems for SCADAs, ISPs, governmental agencies and commercial organizations. The Company’s CryptoSwitch and CryptoShield systems, originally developed for military and HLS applications, were adapted for commercial use and are being used by both security and civilian organizations worldwide.


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The government is planning to incorporate all Covid-19 virus related information and services within the application.
The plans include making it a single point of access for food shelters, night shelters as well as Suraksha retail stores that are being launched across the country.
A national telemedicine platform may also be integrated within the app so that people with any illness can consult a doctor remotely, according to senior government officials. The app could also become the single interface for all curfew passes as the government seeks to make sure that no person who is at risk is allowed to travel anywhere once the lockdown is lifted partially after April 20, and fully from May 3.
“Once the lockdown is lifted, the risk will increase exponentially, that’s why we want to make sure that everyone has the app downloaded on their phones,” a senior government official told ET.
The government is discussing with the states, since they do the last-mile integration, the official added. Following Prime Minister Narendra Modi’s request on April 14, nearly 20 million people have installed the app in just two days, taking the total number of downloads to over 60 million.
“Our aim is to ensure that all smartphones users in the country have the app since it will function to its full potential only when everyone installs it. We are targeting close to 350 million people,” the official said.
To speed up downloads, the government is also coming up with a massive campaign on social media platforms. It is currently in talks with celebrities to do fun gigs on platforms such as short-video messaging app TikTok and others to make the app popular.
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- Adani Enterprises Board OKs Raising up to ₹20kcr Via FPO
Adani Enterprises said Friday that the company’s board approved the raising of up to ₹20,000 crore ($2.5 billion) through a follow-on public offering (FPO) by issuing new shares to retail and institutional investors.All Aboard Black Friday Express — From US to India
Samsung, Amazon, Uniqlo and Domino’s were among several companies looking to turn Black Friday, yesterday, into another big sale day in India.Slew of Reforms brings Ease to Insurers
The Insurance Regulatory and Development Authority of India (IRDAI) allowed private equity funds to invest directly in insurance companies and banks to tie up with as many as nine insurance companies as part of several measures approved at its meeting on Friday that will free up about ₹3,500 crore capital.
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Why don't we take a stock a minute here. We know what's inside of the new Nexus 7, you can pre-order it from Best Buy and Sam's Club and we've seen that a few people have been able to buy one early. Surely, nothing more can happen before Google's event, right? Wrong. The folks over at Android Police have been sent a handful of beautiful pictures of the device being unboxed and manhandled – there's even a video as well. There are lots of photos but, we're going to take a look at some of the more interesting ones. Like, for instance, how much the Nexus 7 looks like the Nexus 10:
In fact, the tipster in question likened the back of the Nexus 7 to the Nexus 10, which seems to us that Google is getting more of their own way when it comes to the new Nexus 7. As well as a look at the device in question, there's a quick look at the packaging, which is a little more colorful than last year's, but still nice and minimal.
We're not market experts or anything but, we'd like to think that this box would easily stand out on the shelves a little bit more. Besides, you can hardly miss that Google logo there on the right, can you? Below is the video of the Nexus 7 getting unboxed and a quick tour around Android 4.3.
As you can see, there's not too much new in Android 4.3 but, this is just a quick look and we've already seen what isn't new with Android 4.3. The display looks super-nice and the viewing angles look pretty great but, it's hard to tell in stills.
The new Nexus 7, along with Android 4.3 should finally be announced at Google's "Breakfast with Sundar Pichai" event, so stay tuned to the site where we'll have the latest news as soon as we have it.


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So what’s new on Porsche’ Geneva Motor Show stand?
Not a lot, to be honest. There’s the enticing sounding RS 60 Spyder limited edition Boxster, which couldn’t be more of a disappointment if it tried. Porsche will rush you £5405 over the standard Boxster for a body kit, bigger wheels and some dubious leatherwork. Right at the back of its stand was a cutaway of its planned hybrid Cayenne, showing off the 4x4’s petrol-electric drivetrain. But we saw this at the Frankfurt Motor Show last year, so it hardly got us in a lather. Headline figures are a claimed 30mpg plus combined fuel economy figure from the 3.2-litre V6 Cayenne, electric power up to 75mph from the parallel hybrid system, and an arrival date before 2010. Expect the Panamera, which makes its debut next year to also feature some of this technology.
Its stand may get the wooden spoon in terms of exciting new metal, but there’s a part of us quietly applauding Porsche’s decision to tackle London congestion charging head on. It’s already submitted a formal letter to Transport for London, and is expecting a response before the end of the week. But Porsche’s not expecting any shift in attitude. “TfL remains utterly unmoved so far, to be frank,” said an insider. “We don't expect that to change by the end of the week.” The company is already preparing an application for a judicial review…
In a nutshell
Lots of lovely metal to drool over, but nothing remotely new or exciting for Porschephiles.


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Trailer Attack: 13th September 2017 – Cloud day cut emblem with ultra beach party
My god….Super Mario Odyssey…
Xenoblade Chronicles 2
Xenoblade Chronicles 2 will launch for Switch on December 1 in North America, Europe, and Japan.
Radiant Historia: Perfect Chronology
They say you can’t change the past, but they clearly just haven’t been acquainted with the wondrous time-bending powers of the almighty White Chronicle. Get ready to embark on a most excellent adventure because JRPG Radiant Historia: Perfect Chronology, an expanded port of 2011’s Radiant Historia, is coming to the West early next year for Nintendo 3DS. Besides adding new story content, redesigned character art, more difficulty settings, five new tracks from original composer Yoko Shimomura, and more to the game, we’re also going to be releasing a launch edition! Just check out that colorful glam shot below:
Project Octopath Traveler
Project Octopath Traveler will see a simultaneous worldwide release for Switch in 2018, and a demo will be available on the Nintendo eShop today.
Fire Emblem Warriors
Lyn from Fire Emblem: The Blazing Blade will be playable in Fire Emblem Warriors.
Citadel: Forged With Fire
Blue Isle Studios has conjured up more content for its wizardly world of Citadel: Forged With Fire. This week, players will be introduced to the Blade of Simeon’s Soul, a mystical and elegant longsword that wreaks havoc on its victims. The Abomination is a grotesque new creature that features deformed mouths filled with razor sharp fangs and wields multiple weapons from his twisted limbs. Since it’s launch on Steam Early Access, this massive sandbox RPG has continued to deliver a steady stream of new content.
Mario Party: The Top 100
Nintendo has announced Mario Party: The Top 100 for 3DS. It is a compilation of the top 100 Mario Party mini-games from the Mario Party home console titles.
Snipperclips Plus: Cut It Out, Together
Nintendo has announced Snipperclips Plus: Cut It Out, Together for Switch. It will launch on November 10.
Phantasy Star Online 2: Cloud
Sega announced Phantasy Star Online 2: Cloud for Switch.
Kirby: Battle Royale
Kirby: Battle Royale is coming to 3DS January 19, 2018.
The Alliance Alive
Prepare for a tale of adventure fraught with danger. In this new title from The Legend of Legacy developer FURYU Corporation, ATLUS today announced the upcoming release of s for Nintendo 3DS in early 2018, with pre-orders starting today for $39.99/€39.99/£29.99!
Adding a kaleidoscope of colour to its line-up, Square Enix Collective announce the signing of addictive, vertical action adventure Octahedron by indie outfit Demimonde
Pokemon Ultra Sun/ Pokemon Ultra Moon
The Pokemon Company shared new details about Pokemon Ultra Sun and Pokemon Ultra Moon during today’s Nintendo Direct.
Middle-earth: Shadow of War
Warner Bros. Interactive Entertainment today released a new live-action television spots for Middle-earth: Shadow of War.
Tom Clancy’s Ghost Recon Wildlands
Today, Ubisoft announced that an upcoming open beta test for Ghost War, the new player-versus-player (PvP) mode update to Tom Clancy’s Ghost Recon Wildlands, will be available on all platforms between 21st September and 25th September, 2017. The stand-alone open beta will be available for preload starting September 19th for both Tom Clancy’s Ghost Recon Wildlands owners and new players who do not own the base game. The full mode will release as a free update to all Tom Clancy’s Ghost Recon Wildlands owners this autumn.
Last Day of June
A new making of for Last Day of June has dropped.
Dragon Ball FighterZ
The next featured character trailer is Vegeta! Keep an eye out for more of the character intros and get ready for the ultimate battle in Dragon Ball FighterZ.
Pan-Pan gets a nice new trailer on Nintendo Switch.
Join HiRezDavid for the latest patch coming to SMITE – 4.17 The Odyssey.
Senran Kagura Peach Beach Splash
Prepare for some new Senran Kagura Peach Beach Splash trailers as the game squirts towards its September 26th release date.
Get prepared for the hyper-future, when Lightfield will finally be released on September 26, 2017.
Game publisher Playdius and the Splash team announce the incoming release of the fast-paced platformer Splasher on home consoles.
Auto Age: Standoff
Discover the leaders that control warring car combatants in the wastelands of New America with the below character trailers for upcoming ruthless car combat, retro-cartoon styled Auto Age: Standoff from indie developer Phantom Compass. Launching on PC via Steam for $19.99 on September 21st, Auto Age pits players against each other in online and local multiplayer dogfight battles. Players can customize vehicles with powerful weaponry that will enable them to launch missiles at enemy drivers, ram cars, lay mines and much more.


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Xbox found not to infringe Google patent
- Staff San Francisco Business Times
The U.S. International Trade Commission has ruled that Microsoft Corp.'s Xbox does not infringe on a Google Inc. patent for communication between the gaming system and accessories such as controllers, Bloomberg reports.
The ruling ends a case that was filed in November 2010 and an upholds a March ruling.
Google (NASDAQ: GOOG) obtained the patent when it bought Motorola Mobility for $12.5 billion in a deal that closed last year.
The case is part of a global patent war between Google and Microsoft (NASDAQ: MSFT).
Microsoft is seeking royalties on smart phones that use Google's Android operating system.
Recruiting Research and Sourcing Associate Waldron | San Francisco, CA
Operating Room Registered Nurse Cross Country TravCorps | San Francisco, CA
Assistant Admin Operations Req ID:4440 Gate Gourmet | San Francisco, CA
Assistant Restaurant Manager East Bay Chipotle Mexican Grill - Corporate | Walnut Creek, CA
Used Car Manager Concord Honda | Concord, CA
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A look at the day's business stories from media outlets around San Francisco


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Que. man auctions ‘world’s oldest stick'.
A Quebec man has put up for auction — at $1 million US — a hockey stick that he claims is the oldest in the world. <BR>
QUEBEC — A Quebec man has put up for auction — at $1 million US — a hockey stick that he claims is the oldest in the world.
The stick went up on eBay at 7 p.m. ET Monday and those interested in purchasing it will have to deposit $10,000 US just to be able to place a bid in the 10-day auction. Unsuccessful bidders will have their money refunded.
Bobby Rouillard — a sports collector and son of a Quebec City antique dealer — says the hockey stick sheds new light on the early origins of the game but Canadian sports historians aren’t so sure. They expressed doubts about the stick, insisting the oldest existing hockey sticks were carved in the 1850s.
Rouillard, 35, said he was hoping to list the stick for a 30-day period but had to settle for 10. He says he won’t be disappointed and will keep it in his collection if the stick isn’t sold.
According to a carbon-dating laboratory in California, where samples of the stick were sent for analysis, the artifact is made of yellow birch or cherry wood dated between 1633 and 1666. The analysis showed the stick was carved in one piece.
Two hours after the item went up on eBay there was yet to be a bid. While the stick comes with a price tag, shipping is listed as free.
© (c) CanWest MediaWorks Publications Inc.


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Armco Inc., the owner of two stainless steel operations in the Baltimore area, said yesterday that it expects a loss in the third quarter that is "somewhat greater" than the $15 million lost in the second quarter, excluding extraordinary items.
Meanwhile, Armco's stainless steel rod and wire division is working with other producers in preparing trade cases against foreign companies, which they accuse of dumping steel on the U.S. market or receiving unfair government subsidies.
Armco released its third-quarter earnings estimate yesterday with a filing it submitted to the Securities and Exchange Commission in connection with the planned offering of $200 million in senior notes and convertible preferred stock.
Armco spokesman Jim Herzog said the underwriters of the securities recommended the announcement because stock analysts have been estimating the company's third-quarter loss would be 10 cents a share, or about $10 million. "They were concerned that expectations were too high," Mr. Herzog said.
The announcement had little effect on the company's stock, which moved up by 12.5 cents per share, closing at $6 a share. The actual earnings are scheduled to be released late next month.
Mr. Herzog attributed the poorer third-quarter results to the seasonal decline in demand and weakness in the automotive and aerospace industries. There were also two shutdowns during the third quarter of the company's stainless steel melting facilities in Butler, Pa.
In the second quarter, Armco reported income of $2.5 million. But without extraordinary gains and losses, Armco would have lost $15 million in that quarter.
The company's Baltimore operations include the Eastern Stainless Corp. in Essex, which has a work force of 625, and the Armco Stainless & Alloy Products division, which has 355 workers.
The Armco Stainless division recently announced it is working with four other companies in preparing unfair-trade cases against foreign makers of rod and wire.
In July, Armco and 11 other steel companies filed charges with the U.S. Commerce Department against foreign makers of flat rolled steel. Flat rolled products, used in cars, ships, buildings and consumer items, account for about 60 percent of U.S.-made steel.
While stainless steel rod and wire production accounts for only about 2 percent of American steel production, it is a major part of the product line at the Armco Stainless plant on East Biddle Street in Baltimore.
H.W. Delano, a spokesman for the Specialty Steel Industry of the United States, said foreign imports of stainless steel rod and wire have grown to 17,939 tons during the first six months of 1992, from 12,091 tons during last year's first half.
Much of the stainless steel wire and rod imports come from France, Italy, England, Spain, Japan, South Korea, Brazil and Sweden, Mr. Delano said.
Earlier this year, Armco's Baltimore operation was consolidated with another Armco plant in Bridge- ville, Pa. About 100 workers were laid off in Baltimore as the result of this merger, according to Raymond E. Hein, Armco Stainless president.
Another 300 workers have been laid off this year because of increased imports and the poorer economic conditions, he said.


text: Organised by the Hong Kong University of Science and Technology (HKUST)’s Fok Ying Tung Research Institute, a group of 40 senior executives from Guangzhou’s major enterprises visited ASTRI on 31 May 2018. The training program focused heavily on Innovation Technology and Big Data business, so we invited Dr Yu Tao, Director of Big Data Analytics to share ASTRI’s technology research in big data analytics. Dr Yu also shared some real-life examples of data analytics applications in Hong Kong. In addition, we also had Dr Kangheng Wu, Principal Engineer to talk about ASTRI’s Blockchain solutions and some other Fintech business cases. The participants found the sharing interesting and practical.


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Winston-Salem business 'Red Clay Gourmet' crafts national award-winning pimento cheese
It's National Pimento Cheese Day -- and Winston-Salem is home to a national award-winning business whose sole craft is aimed at making delicious cheese.
Red Clay Gourmet, owned and operated by Michele and Lance Sawyer, makes its pimento cheese in small batches, by hand, using quality ingredients, including cage-free eggs and no artificial preservatives.
Michele said she likes the versatility of how pimento cheese can be served -- whether it's on a cracker or melted in a flavorful queso.
Just last month, the business earned top awards at the 2019 U.S. Championship Cheese Contest.
In the cheese-based spreads category, the Flame-Roasted Jalepeño flavor won second place and their Hickory Smoked Cheddar flavor earned third place among about 40 entries.
Last year, they earned third place in the World Championships.
Michele and Lance said the biggest thing that sets them apart from their competitors are their flavors and texture -- focusing more on the cheese and less mayonnaise.
The couple started making their pimento cheese when they were owners of First Street restaurant in Winston-Salem.
The spread grew in popularity and they began selling it at a farmer's market on Saturdays.
After Whole Foods Market discovered their pimento cheese, the business took off and is now sold in 41 states -- including Alaska.
The couple currently makes four flavors and recently launched a "grab and go" product.
The spread is available in many grocery stores across the Piedmont Triad, including select Lowes Foods locations, Earth Fare, Bestway, Deep Roots Market, Colony Urban Farm Store and Let It Grow Produce. This year, Red Clay Gourmet also has a partnership with the Winston-Salem Dash baseball team.


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The Reserve Bank of India is no friend of Bitcoin and other cryptocurrencies. Last July, the Central Bank of India placed a Bitcoin ban and made it illegal for commercial banks in India to offer financial services to people who own Bitcoin and cryptocurrency exchanges. The Central Bank of India placed the ban on cryptocurrency after receiving recommendations from the RBI. Following the ban, many stakeholders filed lawsuits against the RBI pleading to have the ban lifted so their businesses could thrive. Many cryptocurrency investors started to wonder; is Bitcoin dead in India?
Following the petition by stakeholders, the Supreme Court in India ordered the government to develop a draft that would serve as a regulatory framework for the cryptocurrency space. The government was given a 4-week deadline to come up with the draft. This deadline has expired and the next hearing is set to hold tomorrow, March 29th 2019. If the hearing goes in favor of the cryptocurrency space, Bitcoin and other cryptocurrencies will have the right environment to thrive. We would finally know if Bitcoin is dead in India.
Is Bitcoin Dead In India? What The Future Holds For Bitcoin In India
Right now, the future of Bitcoin in India hangs in a balance. However, an article on CCN suggests that the Bitcoin ban in India may be lifted after the hearing. Keep in mind that while it’s not illegal to own and trade cryptoassets, exchanges cannot yet access to the required financial services they need. So, Bitcoin traders in India use peer-to-peer exchanges to buy and sell Bitcoin.
Despite the petitions, the Central Bank wants to place a blanket ban on cryptocurrencies that would make it illegal for anyone in india to use cryptocurrencies despite the methods. However, no ever government official agrees with this. In fact, for some months, the sentiment of government officials in India toward cryptocurrencies has changed according to the article. Citing a government official involved in the cryptocurrency committee in India, the article stated;
“We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalized with strong riders. Deliberations are on. We will have more clarity soon.”
So, even if there the ban on servicing cryptocurrency exchanges may remain, there may not be any blanket ban of cryptocurrencies in India. In fact, there is also the chance that the required draft would contain useful measures that will help make cryptocurrency trading easier within the country.
The article also cited that the Supreme Court might ask the RBI to legalize Bitcoin banking due to money laundering concerns. It’s always easier to commit money laundering when there is no clear regulatory framework surrounding cryptocurrencies. It has become clear that making the use of Bitcoin and other cryptocurrencies completely illegal will be difficult to implement. Traders will still find back roads and criminals will find new ways to use cryptocurrencies in their illegal activities. Keep in mind that these are just speculations. Until after the hearing tomorrow, we can’t know if Bitcoin is dead in India.
What do you think? Is Bitcoin dead in India or is there hope that the court will judge in favor of cryptocurrencies? Share your thoughts in the comment section.


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My Android phone just went dead in the middle of a call. I do not know why. I thought about opening it up and popping the battery out, but the case bent a lot when I tried and I was afraid I might break it. I brought it to the Verizon store and popping the battery is exactly what the guy did. I am eligible for an upgrade in December.
I watched a review of Amazon's Fire phone. The consensus is that it's a good for for 2010. Since this is 2014, not a lot of people are impressed. Apple released their AppleWatch (Iwatch?) this week. Again, not a whole lot to be impressed with.