iPhone X Sales Collapse Triggers Serious Breach Of Contract With Samsung 

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In an exclusive, ChannelNews reveals Apple is facing hundreds of millions of dollars in penalty payments to Samsung because iPhone demand has fallen. Apple “demanded” that Samsung construct one of the world’s biggest OLED manufacturing facilities exclusively for iPhone screens. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Overconfidence of Tim Cook, not adjusting forecasts for trade wars… Read More

Everything You're Being Told About Saving & Investing Is Wrong, Part 2

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Authored by Lance Roberts via RealInvestmentAdvice.com, In Part I, we discussed the problems with the “savings” side of the equation as it relates to building wealth. It is always interesting reading article comments as they are generally full of excuses why saving money and building wealth can’t be done. The general thesis is that as long as you have… Read More

The Inconvenient Truth Of Electric Cars

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Authored by Mike Shedlock via MishTalk, A trip from LA to Las Vegas and back takes 8 hours by a gas-powered car but 13 hours by an electric vehicle. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> The electric vehicle grand vision may flounder on something most drivers take for granted: a quick pit stop. The inconvenient truth… Read More

AI Can Be Used To Detect Deepfakes – For Now

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Over the past several years, software has emerged which can create a lifelike digital model of just about anyone. Known as “deepfakes,” the technology can be used to deceive or entertain – such as Game of Thrones’ Jon Snow apologizing for the absolute disaster that was season eight.  Early deepfakes were easy to identify; while the AI-generated dupe looked real enough, there were… Read More

SunPower sues former executive over trade secrets

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(Reuters) – U.S. solar company SunPower Corp is suing a former senior executive, accusing him of stealing the company’s proprietary information to help his new employer, Standard Industries, build a rooftop solar business. The lawsuit, filed in state court in California in Santa Clara County on June 14, names Martin DeBono, SunPower’s former executive vice… Read More

Trafigura's Puma Energy hires BAML for asset sale – sources

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LONDON, June 21 (Reuters) – Puma Energy, the retail and storage arm of commodities trader Trafigura, has hired Bank of America Merrill Lynch (BAML) to run the sale of some of its assets, sources familiar with the matter said, in an effort to trim debt. Assets in the Democratic Republic of Congo, South Africa, Senegal… Read More

Texas wants to make sex jokes illegal

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Here’s our Friday roll up of the most absurd and concerning articles we came across this week. UK bans advertisement with “harmful gender stereotypes” UK bureaucrats will now decide if ads and commercials are too offensive. New regulations ban advertisements with gender stereotypes “that are likely to cause harm, or serious or widespread offence.” So… Read More

Weekly Commentary: So Much for the Trump Put

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So Much for the “Trump Put.” May 31 – Bloomberg (Felice Maranz): “President Trump’s promise to impose tariffs on goods until Mexico halts a flow of undocumented immigrants is being panned by analysts and economists… Here’s a sample of the latest commentary: MUFG, Chris Rupkey: ‘If you are going to turn the world upside down… Read More