News

Here are the news that Cyceon deemed interesting and relevant.

11/29/2018 – Fox Business – US new-home sales plunged 8.9% in October. Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009. The Commerce Department says that new homes sold at a seasonally adjusted annual rate of 544,000 last month.

11/29/2018 – CNBCUS weekly jobless claims rise to 6-month high. Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 234,000 for the week ended Nov. 24, the highest level since the mid-May, the Labor Department said on Thursday. Claims have now risen for three straight weeks.

11/29/2018 – Associated Press – China’s electric vehicle monitoring raises surveillance fear. When Shan Junhua bought his white Tesla Model X, he knew it was a fast, beautiful car. What he didn’t know is that Tesla constantly sends information about the precise location of his car to the Chinese government.

11/29/2018 – Reuters Seeds of Renault-Nissan crisis sown in Macron’s ‘raid’. In April 2015, as a 37 year-old economy minister with then-unknown presidential ambitions, Macron ordered a surprise government stake increase in Renault, designed to secure double voting rights for the state. The overnight move profoundly rattled the Japanese end of the Renault-Nissan alliance.

11/29/2018 – Engadget – US Army to use Microsoft’s Hololens for combat missions. The US Army has awarded Microsoft a $480 million contract to supply the headset for live combat missions as well as training. The aim, according to a government description, is to “increase lethality by enhancing the ability to detect, decide and engage before the enemy.”

11/29/2018 – Fox News – Apple briefly overtaken by Microsoft as most valuable company.

11/28/2018 – Federal Reserve (Fed)The Federal Reserve’s Framework for Monitoring Financial Stability. “We know that moving too fast would risk shortening the expansion. We also know that moving too slowly–keeping interest rates too low for too long–could risk other distortions in the form of higher inflation or destabilizing financial imbalances,” said Jay Powell.