All Economy
Winklevoss twins use bitcoin to book space tripWinklevoss twins said Wednesday they used bitcoins to buy tickets for a聽voyage on billionaire Richard Branson's Virgin Galactic commercial spaceflight venture.聽The Winklevoss twins, Olympic rowers who earned MBA degrees from Oxford University, have become bitcoin evangelists and investors.
Volvo XC90, Ferrari FF, and Mercedes to get Apple CarPlayVolvo XC90 sports utility vehicle is among the cars that will feature the iPhone system, which is competing with Google's push into cars. Besides the Volvo XC90 and Ferrari FF and undisclosed Mercedes models, GM, Ford, and Honda are also drawing up plans to incorporate CarPlay, Apple says.- Target Corp. tech chief resigns amid security overhaulTarget's Chief Information Officer Beth Jacob resigned Wednesday after a pre-Christmas data breach compromised millions of customers' credit card, debit card, and personal information.
- Chicago's credit rating downgraded: how its woes differ from Detroit'sMoody鈥檚 Investors Service downgraded Chicago鈥檚 credit rating to Baa1, three levels above junk. But its economy remains far more robust than Detroit鈥檚.
Chipotle guacamole scare: Climate change means menu change?Chipotle: Guacamole could be taken off the menu if prices on ingredients continue to rise. However, according to Chipotle's annual financial report, the guacamole worries are simply a routine disclosure of future risk.- Best laptop deals: Speedy quad-core systems at unusually low pricesIn the market for a new quad-core laptop computer, but don't want to pay full price? Dealnews.com has you covered with this roundup of high-tech discounts.
Ukraine crisis: Global markets catch breath, see glimmer of deescalationGlobal markets are taking the Ukraine crisis in stride so far, mindful of a diplomatic full court press to persuade Russia to step back from its military incursion into Crimea. Will economic fallout be what prompts Russia's Putin to reconsider his stance?- Tesla (TSLA) announces European expansion plans at Geneva auto showTesla Motors (TSLA) will reportedly build additional charging stations and service centers across Europe. By year's end, the company claims that its combined European and Asian sales will be almost double those it expects in North America.
- Obama鈥檚 2015 budget hits Capitol HillIn today's Daily Deduction, Tax VOX reports that President Obama's fiscal 2015 budget will include about $1 trillion in new taxes as several states look to make tax changes of their own.
- Editors' choice Disney digital camera, Lego sets from $17Check out these latest discounts on children's toys collected by Dealnews.com, including offerings from Lego, Fisher Price and a Disney brand digital camera.
- Armpit of America ad: Why Dove is pulling the N.J. adArmpit of America ad reads, "Dear New Jersey, When people call you 'The Armpit of America,' take it as a compliment. Sincerely, Dove." On Tuesday, Dove said it would remove the 'Armpit of America' ad from billboards.
Barack Obama, Paul Ryan, and Dave Camp: unpacking budget and tax reform proposalsBetween President Barack Obama's budget proposal Tuesday, Rep. Paul Ryan's anti-poverty program takedown Monday, and Dave Camp's tax reform proposal last week, partisan fiscal talks are buzzing in Washington. But they may not be as different as you think.- Identity theft, debt collection, and payday loans top list of consumer fraud complaintsIdentity theft led the list of top consumer complaints in 2013, with US consumers reporting that they lost over $1.6 billion to various types of fraud, reports the Federal Trade Commission.
Young farmers hope to have a bigger role in Europe's food futureFamers under age 35 make up only seven percent of all EU agricultural producers, but demonstrate 40 percent more economic potential, according to recent reports. A council of young farmers is seeking to change that.- Pickup truck blues: US auto sales signal challenges to comeThough a pickup truck or SUV could have been a help navigating this winter's wretched storms, it prevented people from heading to car showrooms: auto dealerships have had to push high incentives to keep auto sales on par with last year. Experts worry this proves sales are unsustainable.
Burger King 'Satisfries' moving to kid's mealsBurger King announced it will be making low-cal 'Satisfries' the only fry option for kid's meals, making a healthier side choice standard.
Amid sales losses, RadioShack to close 1100 storesRadioShack announced Tuesday it will shut down 1,100 stores. A less-than-hip image, an increasingly competitive mobile market, and foot traffic challenges contributed to sales dropping 20 percent from last year.- ZR1 Blue Devil Corvette, rescued from sinkhole, exits on its own powerZR1 Blue Devil Corvette was the last car to fall in the sinkhole and the first one rescued. The other seven vehicles at the National Corvette Museum apparently sustained more damage than the ZR1 Blue Devil Corvette. 聽
- Forbes' billionaire list grows more diverseWhat do Algeria, Lithuania, and Colombia have in common? All were represented on Forbes 2014 billionaire list. Though dominated by familiar faces, the list continues to become more diverse as emerging economies grow.
- The wit and wisdom of Warren Buffett (on 5 Cokes daily)Warren Buffett gave a three-hour interview on CNBC. He talked about Coca-Cola, the US economy, Bitcoin, and his successor at Berkshire Hathaway.
