Headlines 

China’s battered stock market just had its best day in years

Hong Kong (CNN Business)China’s beaten-down stock market had its best day in more than two and and a half years on Monday. “It’s rare to see officials make this kind of public comment on the stock market,” said Dickie Wong, head of research at Hong Kong-based stock broker Kingston Financial. “It’s definitely boosting market sentiment.” Monday’s 4.1% jump, the biggest since March 2016, brings the Shanghai index’s gains to nearly 7% over the past two days of trading. On Friday, central bank chief Yi Gang said that the recent slump…

Read More
Headlines 

Asshole Client Bullies This Artist To Make A Halloween Costume For His Son Without Paying For His Time

This parent, in a post shared by Imgur user Ashontez, is clearly feeling the pressure. Or perhaps he is just an asshole. Either way, the post clearly highlights the kinds of situations that people who work for commission regularly find themselves in, overworked and underappreciated by customers who expect personalized, custom made work done for them at factory prices. “All you do is sit at a computer,” the customer whines, as he is quoted $25 an hour to have an Optimus Prime costume designed and fitted for his son. “I’ll…

Read More
Headlines 

Beaten by Amazon and Walmart, Sears faces the end after 125 years

The company, once a staple of the American lifestyle, is expected to file for bankruptcy after years of losses I dont understand the point of Sears, I just buy everything online, said 23-year-old Lyft driver Shannon Dickey as we pull up to the abandoned storefront of Sears that sits at the top of Ross Park Mall, nine miles north of downtown Pittsburgh I think their old catalogs are cool, but I just dont understand the point of Sears. Founded in 1893, Sears was once a staple of the American lifestyle.…

Read More
Headlines 

SoftBank punt on WeWork office space hub is risky business

Workspace company makes substantial losses and providing short-term office space is notoriously cyclical WeWork, according to the founders blurb, is a place you join as an individual, me, but where you become part of a greater we. A place where were redefining success measured by personal fulfilment, not just the bottom line. Very uplifting, but youd probably think twice before investing. Funky murals and cheese-tasting events for tenants are eye-catching but, in the end, WeWork is a provider of office space on short-term leases, which is a notoriously cyclical game.…

Read More
Headlines 

Dublin’s homelessness crisis jars with narrative of Irish economic boom

Ireland is the EUs star performer, but almost 700 families have become homeless in the capital this year Jobs are bountiful, luring back emigrants and drawing newcomers. Property prices are soaring. Chic restaurants are fully booked weeks in advance. RT television is showcasing the top new entries to People in emergency accommodation in Ireland Its virtually an emergency situation, said Tommy Gordon, who manages Wicklow Homeless Five Loaves, a drop-in centre south of Dublin. Were supplying tents and sleeping bags to the homeless and food to those in financial difficulty.…

Read More
Headlines 

IPUs? These New Chips Are Minted For Marketing

IPUn. Short for intelligence processing unit, a new kind of computer chip optimized for AI. Way back in the early 2000s, when the first Xbox came out, researchers discovered they could hack video­game consoles for scientific uses. It seems the devices’ graphic processing units, or GPUs, designed to render flying gore and mayhem, also ran physics simulations faster than the CPUs in ordinary computers. Today, researchers still use GPU chips, not just for modeling but for artificial intelligence. Since each one contains lots of mini brains that crowdsource the work…

Read More
Headlines 

Quick Cash for Your House? Yes, There Are Apps for That

If you put your house up for sale, know that it’ll typically be on the market for about a month before you get an offer—an eternity when you’re hosting revolving-door showings, paying two mortgages, or trying to move in a hurry. Now a new category of companies called iBuyers wants to slash that time span to three days or less. Think of them as house-flippers that work for you. Sellers fill out an online questionnaire, and an iBuyer uses proprietary modeling to assess the home’s value. The company then makes…

Read More
Headlines 

Arms industry spends millions to promote brands in schools

Defence groups sponsor lessons that promote building and sale of military hardware Arms manufacturers are spending millions of pounds a year promoting their brands in Britains schools, the Observer has learned. The companies, which between them have sold tens of billions of pounds of weapons to overseas governments, including those with poor human rights records, sponsor a series of school events at which their brands are prominently on display. In addition, they issue teaching materials for use in classrooms that promote the defence sector, sponsor competitions and award prizes. One…

Read More
Headlines 

Will Others Follow Microsoft’s Lead on Paid Parental Leave?

An objectively good thing happened in big tech Thursday: Microsoft said it will require companies that supply it with subcontractors—think cafeteria and custodial staff—to give those workers 12 weeks of paid parental leave. In doing so, Microsoft is once again taking the lead in ensuring contractors get benefits that other big companies reserve for full-time employees. Back in 2015, Microsoft began requiring its suppliers to give their employees 15 days of paid vacation and sick leave annually. That prompted other tech companies like Facebook to follow suit. Labor advocates hope…

Read More
Headlines 

Why You Need a Physical Vault to Secure a Virtual Currency

I am transfixed by the plummeting signal strength on my phone as employees of cryptocurrency exchange Coinbase close the flap of the stuffy silver tent I’m standing inside. The fabric walls enclose a cubic space about 8 feet across and contain mesh that functions as a Faraday cage, which blocks electromagnetic radiation. By the time the tent is sealed, my connection to the outside world has drained away to nothing. Now the ceremony can begin. I’m about to witness an arcane ritual intended to bewitch Wall Street and help it…

Read More
Headlines 

Y Combinator Learns Basic Income Is Not So Basic After All

In January 2016, technology incubator Y Combinator announced plans to fund a long-term study on giving people a guaranteed monthly income, in part to offset fears about jobs being destroyed by automation. “I’m fairly confident that at some point in the future, as technology continues to eliminate traditional jobs and massive new wealth gets created, we’re going to see some version of this at a national scale. So it would be good to answer some of the theoretical questions now,” Y Combinator president Sam Altman wrote in a blog post…

Read More
Headlines 

25+ Genius Hidden Messages People Didnt Expect To Find On Everyday Products

So that’s just what we at Bored Panda are doing today! These Companies left little ‘Easter Eggs’ on their products for their customers to find, and make them smile. Scroll down below to check them out for yourself, and don’t forget to vote for your favorites! #1 My Raincoat Reveals A Floral Pattern When Wet #2 Hidden Underneath A Packet Of Sweets #3 Opened Up My Gaming Headset To Replace The Cord And Was Greeted By This #4 The Footrest In My New Jeep Says “Sand Snow Rivers Rocks” In…

Read More
Headlines 

Are You Pound-Proof Yet? The Brexit Endgame Is About to Begin

Time is running out to position for a disorderly Brexit. That’s the chorus growing louder among pound traders and strategists, with Morgan Stanley joining the said to be preparing for a failure to secure an accord on future economic ties with the EU, the European Council meeting in October and the U.K. Parliament vote on the final exit agreement in December or January are potential flash points, according to the U.S. bank. The pound fell to the lowest level in almost a year against the dollar Thursday, with losses deepening…

Read More
Headlines 

Dollar Debt Will Be Elusive to Turkey as U.S. Sanctions Bite

The summer holiday in the bond market may be a long one for Turkey. New dollar issuance, including government and corporate-sector bonds, has dried up, with no sales recorded since April, according to data compiled by Bloomberg. And with corporate-bond losses among the worst in emerging markets amid a plunge in the lira, the dollar-debt market may be shut for some time to come. Quiet Summer Turkish bond sales have dried up since April as uncertainties deterred issuers

Read More
Headlines 

Gas Truck Explodes on Italian Highway; 2 Dead, Scores Hurt

Milan (AP) — A tanker truck carrying a highly flammable gas exploded Monday after rear-ending a stopped truck on a crowded highway near the northern Italian city of Bologna. At least two people were killed, up to 70 injured and part of the raised expressway collapsed in the fireball. Police said the accident and subsequent fire and explosion injured between 60 and 70 people, some with severe burns. It also shut down a highway north of the city that is a key route between northern Italy and the Adriatic Coast…

Read More