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MGM Resorts Leads U.S. Travel Sector With Job Cuts So Far in 2019

The U.S. travel industry continues to see an overall tight job market, benefiting from a strong economy that drove the unemployment rate to a half-century low, the U.S. Bureau of Labor Statistics reported Friday. But some individual travel companies experienced job cuts tied to retrenchment this year, providing a humbling context to Friday’s jobs report. […] …read more […]

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Tesla automated parking problems seen liability of app 'driver' for now

If the accidents pile up, though, Tesla itself is sure to be brought into a legal fight, insurance industry experts said. A Tesla software update last week added a so-called Smart Summon feature for some customers. Users start the car by holding down a button and stop the car by releasing it, Tesla said in instructions, warning users to be careful. …read more […]

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Gold Confiscation, $90K Bitcoin and IPOs Gone Wrong

What a crazy few weeks it’s been. There are a bunch of different topics I want to discuss today, so we’re going to look at three stories, with brief commentary on each.
IPOs Are for the Last Investors in Line
This is a devastating take on the IPO market, courtesy of Naval Ravikant, Babak Nivi and the rest of the team at Spearhead.
Naval: By the time a company goes public, you can bet anybody with connections, an appetite, investing skills and capital got a bite at it. So if you’re investing in a tech company’s IPO, you are literally last in line. …read more […]

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EU antitrust regulators to probe Boeing, Embraer deal

EU antitrust regulators opened on Friday a full-scale investigation into Boeing’s bid for a controlling stake in Embraer’s commercial aircraft arm, saying the deal may reduce competition and push up prices. The European Commission said the deal would remove world No. 3 player Embraer from the commercial aircraft industry while potential rivals from China, Japan and Russia would be unable to fill the gap in the next decade because of the high barriers to entry. The deal would also remove Embraer from the overall single aisle plane market. …read more […]

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EU antitrust regulators to probe Boeing, Embraer deal

EU antitrust regulators opened on Friday a full-scale investigation into Boeing’s bid for a controlling stake in Embraer’s commercial aircraft arm, saying the deal may reduce competition and push up prices. The European Commission said the deal would remove world No. 3 player Embraer from the commercial aircraft industry while potential rivals from China, Japan and Russia would be unable to fill the gap in the next decade because of the high barriers to entry. The deal would also remove Embraer from the overall single aisle plane market. …read more […]