Toys R Us Collapses Into Bankruptcy Thanks to Crushing Debt

October 12, 2017

The filing is the latest blow to a brick-and-mortar retail industry, which has seen a string of bankruptcies from Payless Inc. and Gymboree Corp. to Perfumania Holdings Inc. Chains are reeling from store closures, sluggish mall traffic and the gravitational pull of Inc.’s lower costs and global home delivery. More than 10 percent of U.S. retail space, or nearly 1 billion square feet, may need to close, convert to…


Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal

September 27, 2017

Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. The Read more: The Chinese ICO crackdown — a Gadfly column ICOs are digital token sales that have seen unchecked growth over the past year, raising threat to their reign….


Equifaxs Hacking Nightmare Gets Even Worse For Victims

September 11, 2017

After Equifax Inc. revealed that sensitive data on two of every five Americans was exposed in a cyberattack, thousands logged onto a company website to see if they were at risk. For many, the site didn’t work at first. But for those who got through, a nasty surprise was waiting. If your data had been stolen, Equifax offered a free year of credit monitoring known as “TrustedID Premier.” But some fine…


Bees Are Bouncing Back From Colony Collapse Disorder

August 31, 2017

The number of U.S. honeybees, a critical component to agricultural production, rose in 2017 from a year earlier, and deaths of the insects attributed to a mysterious malady that’s affected hives in North America and Europe declined, according a U.S. Department of Agriculture honeybee health survey released Tuesday.  The number of commercial U.S. honeybee colonies rose 3 percent to 2.89 million as of April 1, 2017 compared with a year…


The New Mercedes-Maybach Concept Is a 20-Foot-Long Convertible

August 30, 2017

Tonight, at a private estate on Pebble Beach Golf Course in Carmel, Calif., Mercedes-Benz unveiled its latest concept car: the Mercedes-Maybach Vision 6 Cabriolet. Like the Vision Mercedes-Maybach 6 concept that the company unveiled prior to the Pebble Beach Concours d’Elegance last year, the Maybach 6 Cabriolet is an electric car that’s nearly 20 feet long, has a drive system that gets 750 horsepower, and has a range of more than 200…


Driving Teslas Model 3 Changes Everything

August 25, 2017

If you’ve ever driven Tesla’s flagship vehicle—the $140,000 Model S P100D—you’ve experienced an unparalleled version of driving power. Zero to 60 in 2.3 seconds punches you back in the seat while making the stomach turn somersaults. Some people live for that feeling. I’m not one of them.  Sure, driving a fully loaded electric beast is as thrilling as the fiercest roller coaster—but not everyone wants their daily commute to be the  Source: Tesla The minute you…


Bezos’s Net Worth Dips by $2.1 Billion After a Brief Run as the World’s Richest Person Inc. founder’s net worth on Friday. The 53-year-old internet mogul’s $87.2 billion valuation on the Bill Gates’s by $3.5 billion. Gates, 61, retains his place as the richest person in the world. peaked at $92.3 billion at 11:59 a.m. Thursday when Amazon shares reached an intraday high of $1,083.31. By the Friday close, shares had dropped to $1020.04, a 2.5 percent decline that was the biggest in seven weeks….

July 29, 2017

That huge iceberg should freak you out. Here’s why

(CNN)This week, a trillion-tonne hunk of ice broke off Antarctica. At 6,000 square kilometers, the Larsen C ice sheet could be one of the world’s biggest ever icebergs. Source: European Space Agency “They’re looking at it through a microscope” rather than seeing macro trends, including the fact that oceans around Antarctica are warming, helping thin the ice, said Kevin Trenberth, a distinguished senior scientist at the US National Center for…

July 15, 2017

One of the world’s biggest icebergs could soon split from Antarctica

(CNN)A huge ice sheet more than half the size of Qatar could be about to break off from Antarctica. That’s the size of four Londons or more than seven New York Citys. At 6,000 square kilometers, the Larsen C ice sheet could be one of the world’s biggest ever icebergs. Source: European Space Agency The ice crack currently spans 200 kilometers, leaving just five kilometers of connection left, according to…

July 6, 2017