NEW YORK (AP) — Wall Street traders sometimes root for year-end “Santa Claus rallies,” but on Friday, hardly a creature was stirring as stocks finished slightly higher on the quietest full day of trading in more than a year. Health care companies brought in most of the gains. Major U.S. ... Read More »
FRANKFURT, Germany (AP) — Nine years after the collapse of the U.S. housing market sent shockwaves through the global economy, two European banks have agreed to offer American homeowners and borrowers billions of dollars’ worth of help under a settlement related to the sale of risky securities that helped spark ... Read More »
ELIZABETH, N.J. (AP) — At the brightly lit mall, clothing stores highlight holiday sweaters and big signs tout the sales, while Duquan Allen keeps his expectations in check. Allen, who works full-time cleaning planes at Newark Airport, says his mother doesn’t expect anything big, and he usually gets a hooded ... Read More »
Some of the most important technology of the past year could very well become the story of next year. And the year after that. Such is life at the leading edge of a new frontier. In our regular Geek of the Week feature, innovators and students and tech gurus from ... Read More »
Second World War cipher technology is being built into tiny processors to develop the next generation of ultra-secure bank cards. The concept behind the design of Nazi military coding machines such as Enigma will be used to replace the existing three-digit CVV security number, which is currently found on the ... Read More »
The schematic drawing showing that various factors (e.g., moisture, oxygen, light illumination, applied electric field, etc.) during the operation of MAPbI3 perovskite solar cells can generate iodine, which leads to degradation of solar cells. Credit: Image courtesy of Okinawa Institute of Science and Technology Graduate University – OIST While solar ... Read More »
Working in the field of big data and AI means that I see the leading edge advances that come with it. It also means routinely getting freaked out when you think too closely about the possibilities and implications of those advances and where they might be taking us. Here are ... Read More »
When it was announced, demonetisation was expected to boost government revenues through better disclosure of income by individuals and businesses. That, in turn, was expected to increase government and lead to creation of more jobs. But six weeks into the demonetization drive, the calculations appear to have gone awry. There ... Read More »
In theory, the lack of physical cash — the erosion of cash-linked sales — should hurt real estate prices, creating a negative wealth effect that hurts consumption. The nuances of dynamic: a) almost every developer, mortgage broker and equity/debt investor we spoke to expects weakness. This consensus could in itself ... Read More »
With stress on liquidity and no cash to pay for basic utilities, the initial effect of demonetisation drive has been a knee-jerk reaction to a wait-and-watch policy mode. More than a month has passed for the demonetisation exercise, and yet, it’s ongoing process continues to disorient the society which has ... Read More »
Beijing: India’s move to charge sheet Masood Azhar in the Pathankot terror attack appears to have not made much impact on China as Beijing on Wednesday said any move by New Delhi to bring about a UN ban on the JeM chief must be in line with rules and procedures ... Read More »
New Delhi: The indigenous Nirbhay subsonic cruise missile’s fourth test failed on Wednesday, sources said, even as the DRDO refused to make any official comment on the issue. According to informed sources, the missile was blasted off around noon from the Integrated Test Range (ITR) at Balasore in Odisha but ... Read More »
