Business

Binance Promises To Cover 7,000 BTC Lost In Hack

At 4:11 AM on May 8 the hacker or hackers moved 1214 BTC ($7.16 million) to new addresses and then moved another 1337 "to 2 new addresses held by the hacker". "News of the hack comes only hours after CZ tweeted that "[Binance has] to perform some unscheduled server maintenance that will impact deposits and withdrawals for a couple hours".

Business

Trump Tax figures show businesses lost $1.17 billion over 10 years

It appears Trump lost more money than almost any other individual U.S. taxpayer year after year, the Times reports , according to the 10 years of tax information the newspaper acquired. Those reported losses bounced around between a (relatively) modest $4.5 million and $99.6 million from 1985 to 1989. "It's been good financially", Trump reportedly said in 1990, the same year he posted losses of $400 million.

Business

Oil rises amid surging China crude imports

News that an increase in crude imports to China rose to a record for April also underpinned prices. For 2020, crude production in the U.S.is expected to average 13.4 mbpd, up from the previous forecast of 13.1 mbpd quoted in the April report.

Business

GM to maintain auto presence in Oshawa, build autonomous test track

Jerry Dias, Unifor national president, speaks at the solidarity rally for GM Oshawa workers at Dieppe Gardens, Windsor, January 11, 2019. "So what GM is doing here today is they are making a long-term commitment to Oshawa cause with every vehicle that we start to perform the aftermarket work, it's a 10-year commitment", Dias said.

Business

Loveland-based Workhorse will buy Lordstown GM plant

The company is on target, he said, to begin delivering its new electric vans at the end of this year. While political leaders like President Trump and Congressman Tim Ryan are reacting positively to news that General Motors is in talks to sell its Lordstown Assembly Plant, the United Autoworkers union says it wants GM to keep the plant and make a new product there.

Business

Uber and Lyft drivers strike for pay transparency

Now, thanks to the rule , drivers in New York City earn $17.22 per hour, after the driver expenses and fees that Lyft and Uber extract from the initial payment. Uber , for instance, has around 12,000 employees, but over 2 million people are registered as drivers on the platform. Lyft's revenue rose 95% to $776 million, more than analysts on average expected, according to Refinitiv data.


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