• Despite Opposition, ICE Looks to Open New Immigration Detention Facilities in California
    News
    Time

    Despite Opposition, ICE Looks to Open New Immigration Detention Facilities in California

    The plan comes as border patrol considers flying migrant families to other locations

  • Business
    Reuters

    GLOBAL MARKETS-Stocks slide as worries about Huawei fallout mount

    Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady before fresh insight on the Federal Reserve's interest rates policies this week. China accused the United States of harboring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as the U.S. action last week against Huawei began to hit the global tech sector. Alphabet Inc's Google suspended some business with Huawei, Reuters reported, and Lumentum Holdings Inc, a major supplier of Apple Inc's face ID technology, said it had discontinued all shipments to Huawei.

  • Justin Amash: First Republican congressman to call for Trump impeachment faces challenge for his seat
    Politics
    The Independent

    Justin Amash: First Republican congressman to call for Trump impeachment faces challenge for his seat

    Having become the first Republican in Congress to call for the impeachment of Donald Trump, Justin Amash reward is a challenger for his seat.The Michigan congressman brought the wrath of his entire party into himself with a number of tweets over the weekend suggesting that the possible attempts of obstruction of justice against the president raised by special counsel Robert Mueller amounted to “impeachable conduct”.Mr Amash said Mr Mueller had identified “multiple examples of conduct satisfying all the elements of obstruction of justice“ during his investigation into Russian election interference, adding that ”any person who is not the president of the United States would be indicted based on such evidence”.Attorney general William Barr said that the 11 examples raised did not constitute obstruction of justice, with the Mueller report having already said that the president was not involved in a conspiracy with Russia to sway the 2016 presidential election.But Mr Amash accused Mr Barr of having “deliberately misrepresented” the investigation and that it was up to Congress to decide what happens next.“Contrary to Barr’s portrayal,” Mr Amash tweeted. “Mueller’s report reveals that President Trump engaged in specific actions and a pattern of behaviour that meet the threshold for impeachment,” he added. Talking about impeachment he said it “simply requires a finding that an official has engaged in careless, abusive, corrupt or otherwise dishonourable conduct”.Now Michigan state representative and Republican Jim Lower has announced that he will be challenging Mr Amash for the third district seat the congressman won in the Tea Party wave of 2010. “I am a pro-Trump, pro-life, pro-jobs, pro-second amendment, pro-family values Republican,” Mr Lower said in a statement. “Justin Amash’s tweets... calling for President Trump’s impeachment show how out of touch he is with the truth and how out of touch he is with people he represents.” Mr Amash had faced a difficult 48 hours, with the whole Republican Party establishment admonishing him. Ronna McDaniel, chair of the Republican National Committee, accused him of “parroting the Democrats’ talking points on Russia”. Kevin McCarthy, the House minority leader, called the move “disturbing”questioned if he was truly a Republican. “It’s very disturbing. This is exactly what you would expect from Justin. He never supported the president. And I think he’s just looking for attention,” Mr McCarthy said.Mr Amash has gone against his party on some major legislation over the years, but has backed Mr Trump’s wishes more often than not. As for the president, he called Mr Amash called “a total lightweight who opposes me and some of our great Republican ideas and policies”.As for the Democrats, senator Chris Coons summed up the mood when he said he was “surprised to see a Republican congressman saying publicly what I think many are thinking privately.”

  • Mountain region of Slovakia named best destination in Europe 2019: Lonely Planet
    Lifestyle
    AFP Relax News

    Mountain region of Slovakia named best destination in Europe 2019: Lonely Planet

    A wild, rugged, mountainous region of Slovakia dotted with plunging waterfalls and lakes and hiking trails has been named the top European destination of 2019 by the travel experts at Lonely Planet. 

  • This Missile Might be the U.S. Navy's Most Important Weapon in Decades
    World
    The National Interest

    This Missile Might be the U.S. Navy's Most Important Weapon in Decades

    The Tomahawk and its controversies might make headlines, but as the U.S. Navy re-arms for high-tech warfare, the SM-6 is the missile to watch.The U.S. Navy in late January 2019 confirmed the designation of its newest cruise missile, in the process clarifying its long-term plan for arming its growing fleet of warships.The plan heavily leans on one missile, in particular. It's the SM-6, an anti-aircraft weapon that quickly is evolving to perform almost every role the Navy assigns to a missile.(This first appeared earlier in the year.)The Navy dubbed the newest version of the venerable Tomahawk cruise missile the "Block V" model, Jane's reported. There are two separate variants of the Block V missile, one with an anti-ship warhead and another with a warhead the Navy optimized for striking targets on land.Raytheon's Tomahawk has been the subject of controversy in Washington, D.C. In order to save money the Obama administration wanted to pause production of the long-range missile, which since the 1980s has been the Navy's main weapon for striking land targets from the sea.Congress overruled the Obama administration and continued buying Tomahawks for roughly $1 million apiece, adding potentially hundreds of the missiles to the thousands the fleet already possesses.

  • Blast injures South African tourists near Egypt's Giza pyramids
    World
    Reuters

    Blast injures South African tourists near Egypt's Giza pyramids

    An explosion targeting a tourist bus injured at least 12 people on Sunday, mostly South African tourists, near a new museum being built close to the Giza pyramids in Egypt, two security sources said. A third security source said the bus was carrying 25 South African tourists from the airport to the pyramids area, and that four Egyptians in a nearby car were also injured by broken glass. Security and judicial sources said a rudimentary device containing nails and pieces of metal had been detonated remotely on the perimeter of the Grand Egyptian Museum, not far from the site of a roadside blast that hit another tourist bus in December.

  • Rocket attack hits near US Embassy in Baghdad's Green Zone
    World
    Associated Press

    Rocket attack hits near US Embassy in Baghdad's Green Zone

    BAGHDAD (AP) — A rocket was fired into the Iraqi capital's heavily fortified Green Zone Sunday night, landing less than a mile from the sprawling U.S. Embassy, an Iraqi military spokesman said.

  • Al Jazeera suspends two journalists over Holocaust report
    World
    AFP

    Al Jazeera suspends two journalists over Holocaust report

    Qatari state-funded broadcaster Al Jazeera suspended two journalists on Sunday over a video they produced claiming the extent of the Holocaust was being misrepresented by Jews. The clip, posted by Al Jazeera's online AJ+ Arabic service, claimed "the narrative" that the Nazis killed six million Jews was "adopted by the Zionist movement". The video said that "along with others, the Jews faced a policy of systematic persecution which culminated in the Final Solution".

  • Border patrol agent accused of using slurs before bumping migrant with truck
    U.S.
    Yahoo News Video

    Border patrol agent accused of using slurs before bumping migrant with truck

    Text messages sent by a U.S. Border Patrol agent before he knocked over a migrant with a pickup truck showed he called migrants “subhuman,” and “savages,” according to federal court documents.

  • Trump reacts angrily to New York Times report on Deutsche Bank transactions
    Business
    The Guardian

    Trump reacts angrily to New York Times report on Deutsche Bank transactions

    * Paper detailed staff concerns over Trump and Kushner entities * President claims he doesn’t need banks or money from RussiaDonald Trump described the reporting as ‘phony’ and called Deutsche Bank ‘very good and highly professional’. Photograph: Saul Loeb/AFP/Getty ImagesDonald Trump sought on Monday to discredit a New York Times report that Deutsche Bank employees flagged concerns over transactions involving legal entities controlled by the president and his son-in-law, Jared Kushner.The Times said the nature of the transactions was not clear and that the bank ultimately took no action. Some of the transactions involved money flowing back and forth with overseas entities or individuals, some in Russia.Trump claimed he did not “need or want banks” and does not receive money from Russia.Congress and New York state are investigating the relationship between Trump, his family and Deutsche Bank, and demanding documents related to any suspicious activity.Trump has sued in court in an attempt to block House subpoenas for his financial records that were sent to Deutsche Bank, Capital One and the accounting firm Mazars.The Times report said anti-money-laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions be reported to a federal financial-crimes watchdog.Citing five current and former Deutsche Bank employees, the report said executives at the German-based bank, which has lent billions to Trump and Kushner companies, rejected the advice and the reports were never filed.Earlier this month, the Times obtained tax information which showed his businesses lost more than $1bn from 1985 to 1994. Trump has refused to release more recent tax returns or to comply with House subpoenas for them.Trump rejected and ridiculed that story. In his Monday tweets, he claimed not to need banks as he “made a lot of money and buys everything for cash”.He also said the “fake media … always uses unnamed sources (because their sources don’t even exist)”.But one former Deutsche Bank employee, Tammy McFadden, who reviewed some of the transactions, spoke to the Times on the record. She said she was fired last year after raising concerns about the bank’s practices, the Times said.McFadden said concerns she raised included contacts between Kushner Companies and Russian individuals in summer 2016. Deutsche Bank has been fined for laundering billions of dollars for Russians.In his report on Russian election interference released in redacted form last month, special counsel Robert Mueller did not find that Trump conspired with Moscow. But he did lay out extensive contacts between Trump aides and Russia.On Monday, Trump tweeted: “The new big story is that Trump made a lot of money and buys everything for cash, he doesn’t need banks. But where did he get all of that cash? Could it be Russia? No, I built a great business and don’t need banks, but if I did they would be there.”Trump also called the Times reporting “phony” and called Deutsche Bank “very good and highly professional”.Deutsche Bank denied the report but it contributed to shares falling to a record low. Shares in the German lender were down by 2.8% at the time of writing. The bank was recently forced to abandon merger plans with Commerzbank. It has also struggled to turn around its corporate and investment arms.The Times said the transactions in question, some of which involved Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to the former bank employees.Compliance staff members who reviewed the transactions prepared suspicious activity reports they believed should be sent to a unit of the US treasury that polices financial crimes, according to the newspaper.A spokeswoman for the Trump Organization told Reuters “the story is absolute nonsense”.“We have no knowledge of any ‘flagged’ transactions with Deutsche Bank. In fact, we have no operating accounts with Deutsche Bank,” she said.The newspaper said a Kushner Companies spokeswoman called any allegations of relationships involving money laundering “made up and totally false”.

  • PHOTOS: Gun attack at bar in Brazil
    World
    Yahoo News Photo Staff

    PHOTOS: Gun attack at bar in Brazil

    A gang of gunmen reportedly attacked a bar in the capital of Brazil's northern Pará state Sunday afternoon, and authorities said 11 people were killed.The state security agency confirmed late Sunday only that six women and five men died in the incident in the Guamá neighborhood of the Pará state capital, Belém.The G1 news website said police reported that seven gunmen were involved in the attack, which also wounded one person. The news outlet said the attackers arrived at the bar on one motorcycle and in three cars.In late March, the federal government sent National Guard troops to Belém to reinforce security in the city for 90 days.Brazil hit a record high of 64,000 homicides in 2017, 70% of which were due to firearms, according to official statistics.Much of Brazil's violence is gang related. In January, gangs attacked across Fortaleza, bringing that city to a standstill with as commerce, buses and taxis shut down. (AP)See more news-related photo galleries and follow us on Yahoo News Photo Twitter and Tumblr.

  • US intelligence chiefs shared classified info with tech execs about doing business with China
    Business
    BGR News

    US intelligence chiefs shared classified info with tech execs about doing business with China

    The trade war with China has reached new heights in the past few weeks, as the Trump administration recently announced that US companies will be banned from buying equipment from certain Chinese companies. Huawei's name wasn't explicitly mentioned, but it was obviously implied that China's biggest tech company is included on the list. Separately, the US government also issued a ban that prevents Huawei from dealing with US tech companies, whether it's for parts procurement or software licenses. The first effects of that decision are already here, as Google has already said it will comply with the ban, effectively revoking Huawei's access to the version of Android that everybody wants. Several chipmakers, including Intel and Qualcomm, have also reportedly cut ties with Huawei for the time being.On top of that, a report reveals that top officials from the US intelligence community have been meeting with tech execs, universities, and trade organizations to brief them about the security perils related to doing business with China.The briefings began last October and have been held in California and Washington, The Financial Times reports (via The Verge), with US intelligence informing those in attendance about the cyber threats and the theft of intellectual property risks that come with dealing with China.Among those giving the briefings was Dan Coats, the director of national intelligence, the report notes. The meetings reportedly included the sharing of classified information, which is an unusual element for such meetings. It's unclear what kind of information was shared with tech execs during these meetings, and what companies attended them.Republican Senator Marco Rubio, one of the politicians who organized the meetings, confirmed their existence. "The Chinese government and Communist party pose the greatest long-term threat to US economic and national security," Rubio said. "It's important that US companies, universities, and trade organizations understand fully that threat."

  • F-16 fighter jet crashes into warehouse near March Air Reserve Base in California
    News
    USA TODAY

    F-16 fighter jet crashes into warehouse near March Air Reserve Base in California

    The crash happened as the pilot was landing following a routine training mission, March Air Reserve Base Deputy Fire Chief Timothy Holliday said.

  • World
    Reuters

    Eiffel Tower climber in custody after daring ascent

    Rescuers successfully talked down a man who scaled the upper heights of the Eiffel Tower on Monday, forcing the monument's evacuation, and handed him over to police. Television channels ran live shots as rescuers perched on the 324-metre (1,063-foot) tower's wrought-iron struts, just below the highest viewing platform, tried to persuade the unknown man to give himself up. The lattice tower, named after its designer and builder Gustave Eiffel, is one of the world's most recognizable landmarks.

  • 2020 election poll: Joe Biden's lead shrinks to zero against Bernie Sanders in critical Iowa
    Politics
    The Independent

    2020 election poll: Joe Biden's lead shrinks to zero against Bernie Sanders in critical Iowa

    Joe Biden may be leading national polls among Democratic voters, but a new poll shows his dominance doesn’t necessarily extend to Iowa.Mr Biden is matched by Bernie Sanders in the state, a sharp drop from his 11 point lead in a separate poll last month. Both candidates can claim 24 per cent support in the state, which will vote first in the nominating process next year.Mr Biden and Mr Sanders are followed in the new poll by several candidates with significant showings, including Pete Buttigieg (14 per cent), Elizabeth Warren (12 per cent), and Kamala Harris (10 per cent).Reading into the polls just a bit more, Mr Biden has more to worry about than just Mr Sanders, too.Ms Warren stands out as the most liked candidate in the race, with a favourability rating at 78 per cent — the top in the race. She is followed by Mr Sanders, who is the next closest with 71 per cent.“Good news for Elizabeth Warren: her favourability exceeds that of any other candidate in the race and her name recognition is near universal,” said principal pollster Jane Loria in a news release.She continued: “In some states, we see a large spread between the front-runners and the so-called second-tier in the excitement barometer, but in Iowa the candidates are all pretty tightly clustered. When we ask respondents to identify the five candidates they’re most excited about, 54% say Warren, followed by Biden (53%), then Harris (53%), Sanders (49%), and Buttigieg (46%)The terrain looks much better for Mr Biden when looking at the other states that follow close after Iowa, however. In New Hampshire, Mr Biden beats Mr Sanders 36 per cent to 18 per cent. In South Carolina, meanwhile, Mr Biden recently got 46 per cent support compared to Mr Sanders’ 15 per cent.But, any fragility in Iowa could have real consequences for Mr Biden’s third presidential race. The state has an outsized influence on the presidential nominating process, and a loss there would show potentially significant vulnerabilities for the former vice president.The Iowa Starting Line/Change Research Poll was released on Monday, and the Iowa caucuses will be held in January.

  • News
    Associated Press

    The Latest: Capital murder charge filed in police shooting

    AUBURN, Ala. (AP) — The Latest on shootings of police officers in Auburn, Alabama (all times local):

  • Ex-White House lawyer skips House hearing as Trump spurns Democrats
    Politics
    Reuters

    Ex-White House lawyer skips House hearing as Trump spurns Democrats

    In a further escalation of a struggle between Trump and Congress over its power to investigate him, the White House on Monday told McGahn, who left his post in October, to disregard a subpoena from the Democratic-led House Judiciary Committee subpoena to appear at the hearing. The panel is investigating Trump and Special Counsel Robert Mueller's inquiry into Russian election meddling. Attorney General William Barr on May 2 also snubbed the committee, which later voted to hold him in contempt of Congress for not handing over an unredated copy of Mueller's final report.

  • Ford to cut 7,000 jobs, 10% of global staff 
    Business
    AFP

    Ford to cut 7,000 jobs, 10% of global staff 

    Ford plans to cut 7,000 jobs, or 10 percent of its global workforce, as part of a reorganization as it revamps its vehicle offerings, the company said Monday. The reorganization will involve some layoffs and reassignments and should be complete by the end of August, a Ford spokeswoman said. Ford has been phasing out most sedan models in the United States as more consumers have opted for pickup trucks and sport utility vehicles.

  • 'WRONG!': Trump fumes after NYT reports on his banking history
    Business
    Yahoo News

    'WRONG!': Trump fumes after NYT reports on his banking history

    The president lashed out at the New York Times after the paper reported that anti-money-laundering specialists at Deutsche Bank flagged multiple transactions involving him and his son-in-law, Jared Kushner.

  • Best Tech Deals in May 2019
    Lifestyle
    Tech Media Network (Tom's Guide)

    Best Tech Deals in May 2019

    Amazon Deals | Walmart Deals | Apple Deals | TV Deals | Gaming Deals | Laptop DealsGood news for bargain hunters this week. Retailers like Amazon, Best Buy, and Walmart are offering early Memorial Day sales with discounts on everything from smart home devices to game consoles. So if you're looking for the best tech deals, you've come to the right place.  Shopping around for a kid-friendly tablet for your upcoming family vacation? When you preorder the All-New Fire 7 Kids Edition Tablet  for $99.99, you'll get a free pair of Toy Story Headphones (a $22 value).  The new Fire 7 Kids Edition tablet sports a case that twice as rugged as the previous model. What's more, it features a built-in kickstand.  If you're shopping for an affordable GPS running watch, Amazon has the Garmin Forerunner 35 on sale for $119.99 ($50 off). With built-in GPS and 24/7 heart rate monitoring, this watch helps you track and meet your daily health and fitness goals. With the imminent arrival of Amazon Prime Day 2019, soon we'll be gathering the best Amazon Prime Day deals. In the meantime, here are some of the best tech deals we're seeing right now. Amazon Hardware DealsAmazon is currently offering many of its proprietary devices at discounted pricing. * All-New Fire 7 Tablet w/ $10 Appstore Credit for $49.99 ($10 off)  * All-New Fire 7 Kids Edition Tablet w/ Toy Story Headphones  for $99.99 ($22 off, preorder)  * Echo Connect for $24.49 ($11 off) * Fire TV Stick for $24.99 ($15 off, Prime Members Only)  * Fire TV Stick 4K for $34.99 ($15 off, Prime Members Only)  * Echo Dot (3rd Gen) Smart Speaker (3-Pack) for $70 ($80 off) * Echo Spot Smart Alarm Clock (2-Pack) for $219.98 ($40 off)  * Echo Dot Kids Edition + Fire HD 8 Kids Edition for $149.98 ($50 off) * Echo Dot Kids Edition + Fire 7 Kids Edition for $129.98 ($40 off) * Ring Video Doorbell 2 w/ Echo Dot (3rd Gen) for $199 ($49 off) * Ring Spotlight Wireless Cam w/ Echo Dot (3rd Gen) for $199 ($49 off)  * Ring Spotlight Wired Cam Wired w/ Echo Dot (3rd Gen) for $199 ($50 off) * Ring Stick-Up Wireless Cam w/ Echo Dot (3rd Gen) for $179.99 ($50 off)  * Ring Stick-Up Wired Cam w/ Echo Dot (3rd Gen) for $179.99 ($50 off)  * Ring Floodlight Cam w/ Echo Dot (3rd Gen) for $249 ($50 off)  * Ring Smart Lighting Spotlights (2-pack) for $99.99 ($30 off)  Top Tech Deals Right Now * Kenmore Smart Air Conditioner (12,000 BTUs) for $409.99 ($80 off)  * Honeywell Portable Air Conditioner (10,000 BTUs) for $349 ($101 off)  * Apple Smart Battery Case for $102 ($27 off) * Apple AirPods 2nd Gen (Back-order) for $139.99 ($19 off) * Apple iPad 9.7-inch 128GB for $329 ($100 off) * Apple iPad Air 2019 (Wi-Fi, 64GB) for $479 ($20 off)  * Apple 9.7-inch iPad for $249 ($81 off) * Microsoft Surface Go for $399 ($100 off)  * Acer Aspire 3 Laptop for $400 ($99 off) TV Deals * Vizio 50-inch 4K HDR Smart TV for $279.99 ($120 off) [NEW] * Samsung 55-inch Q60 Series 4K QLED Smart TV (2019) for $997.99 ($200 off) [PRICE DROP] * LG 65-inch 4K UHD Smart TV for $599.99 ($600 off)  * Vizio 55-inch P-Series 4K HDR Smart TV for $598 ($200 off)  * Vizio 65-inch M-Series 4K HDR Smart TV for $649.99 ($350 off)  * Sharp 65-inch 4K Smart TV for $449.99 ($250 off)  * Sony 70-Inch 4K UHD Smart TV for $1,098 ($500 off) * TCL 55-inch 4K Ultra HD Roku Smart TV for $329.99 ($270 off)  * Samsung 49-inch Q60 Series 4K QLED Smart TV (2019) for $797.99 ($202 off)  Tech Under $50 * SanDisk 128GB Nintendo Switch MicroSD Card for $24.99 ($10 off) [NEW] * Apple Lightning to USB Cable for $15 ($4 off) [NEW] * Chocotech Wireless Charging Stand for $8.99 ($8 off via coupon, "LZTVD9NI") [NEW] * Spotify Premium Membership for $0.99 ($27 off, ends 6/30)  * Logitech M705 Marathon Wireless Mouse for $24.99 ($25 off)  * Redragon K552 LED Gaming Keyboard for $34.99 ($25 off)  * Anker 7-in-1 USB C Hub for $40 ($30 off)  * Echo Connect for $24.49 ($11 off) Smartwatch Deals * Apple Watch Series 3 (GPS, 42mm, Renewed) for $209 ($100 off)  * Apple Watch Series 3 (GPS, 38mm) for $199 ($80 off)  * Samsung Gear Fit2 Pro w/ $125 GC for $199.99 ($125 off)  * Garmin Forerunner 935 for $407 ($93 off) * Garmin Fenix 5S Plus for $599.99 ($200 off) also at Best Buy  * Garmin Fenix 5X Plus for $649.99 ($150 off) also at Best Buy  * Garmin Fenix 5 for $349.99 ($150 off) also at Best Buy Phones * Motorola Moto Z3 Black (Verizon) for $24 ($456 off with contract) [NEW] * Google Pixel 3 64GB (Clearly White) for $679.99 ($119 off)  * Google Pixel 3 XL 64GB for $699 ($200 off) * Google Pixel 3 XL 64GB Unlocked (Just Black) for $720 ($179 off) * Google Pixel 3 XL 128GB Unlocked for $779 ($221 off)  * Apple iPhone SE Unlocked for $249 ($100 off) * Samsung Galaxy S9 Unlocked 64GB for $493 ($107 off)  * Samsung Galaxy Note 9 Unlocked 128GB for $673 ($327 off) [PRICE DROP] Cameras * Arlo Smart Wi-fi Baby Monitor Camera for $133 ($67 off)  * Sony Alpha a6000 Mirrorless Camera for $498 ($150 off)  * Canon EOS M50 Mirrorless Camera w /15-45mm Lens for $599 ($300 off)  * Nikon D3500 DSLR Camera w/ 18-55mm VR Lens for $396.95 ($103 off)  * Canon PowerShot SX530 Digital Camera for $229 ($150 off) Games and Consoles * Nintendo Switch Bundle with 2 Free Games for $299.99 ($50 off, ends 5/22) [NEW] * MS Xbox One X 1TB Division 2 Bundle for $329.98 ($170 off via coupon, "PRO60") [NEW] * Rainbow Six Siege Advanced Edition for $29 ($31 off) [NEW] * MS Xbox One S 1TB Console for $211 ($82 off) [PRICE DROP] * Super Smash Bros. Ultimate for Nintendo Switch for $50 ($10 off)  * Mortal Kombat 11 for Xbox One or (Switch) for $50 ($10 off) * Marvel's Spider-Man for PS4 for $35 ($25 off) also at Amazon   * WWE 2K19 Deluxe Edition for $39.99 ($50 off)  * Kingdom Hearts 3 for PS4 for $29.99 ($30 off)  * Kingdom Heart 3 for Xbox One for $29.99 ($30 off)  * Red Dead Redemption 2 for PS4 for $34.99 ($25 off)

  • Business
    Reuters

    UPDATE 1-Lumentum says halting all Huawei shipments, cuts quarterly forecast

    Mobile phone parts producer Lumentum Holdings Inc on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei Technologies , following export restrictions put in place by the United States Department of Commerce. The company, which is seen as a major supplier of Apple Inc's Face ID technology, said it cannot predict when it will be able to resume shipments. The Trump administration last week added Huawei to a trade blacklist, a move that bans the company from buying parts and components from American firms without U.S. government approval.

  • Elon Musk: Tesla needs to cut costs or it will run out of money in 10 months
    Business
    BGR News

    Elon Musk: Tesla needs to cut costs or it will run out of money in 10 months

    Defying skeptics, Tesla during the September quarter of 2018 actually managed to turn a profit of $312 million thanks to strong demand for the mass market Model 3. Tesla's profits for the quarter were far from staggering, but it nonetheless instilled faith that the electric automaker was on a path towards financial viability.Just a few months later, the narrative surrounding Tesla has drastically shifted. When the company last month released its earnings report for the March quarter, it posted a quarterly loss of $702 million. That said, it's worth noting that production, deliveries, and demand for Tesla vehicles have all grown at an impressive clip over the past many months. As an illustrative example, Tesla during Q1 of 2019 manufactured 77,100 vehicles, a figure which well more than double the amount it manufactured during the same quarter in 2018.Nonetheless, Tesla continues to burn through money at an alarming rate. So much so, in fact, that Tesla CEO Elon Musk recently sent an email (obtained via Electrek) wherein the Tesla CEO explained that the company -- which has approximately $2.2 billion in cash on hand -- may not have enough cash to last beyond a period of 10 months."This is a lot of money," Musk said, "but actually only gives us about 10 months at the Q1 burn rate to achieve breakeven!"Consequently, Musk explained that the company will be taking a much closer look at employee expenses as it pertains to "parts, salary, travel expenses, and rent."Musk conceded that the soon to be implemented cost-cutting measures are "hardcore," adding that it's the "only way for Tesla to become financially sustainable and succeed in our goal of helping make the world environmentally sustainable."This isn't the first time Musk has rung the alarm bells about drastically cutting costs, but it remains to be seen what the company can do within a 10-month timeframe.