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Economy News Personal Finance

Tesla vs. America’s Most Productive Car Factories

To be the chief executive of “a real car company” has become one of Elon Musk’s most important aims. In order to achieve that, he wants to get into competition with the most productive car factories in North America by turning Tesla Inc. into a mass producer which will be able to at list complete or overcome their standards.

Even though the company had a rough year of factory problems which resulted in the rollout of its Model 3 electric sedan, Tesla does not stop and it a step closer to achieving this goal. Tesla’s weekly output from its only plant from Fremont California is of 6,944 cars at the end of June also taking into consideration 5,031 Model 3s. According to 2018 production data which has been estimated by just-auto.com, a market research firm, Elon Musk’s Tesla Inc. can reach the 14th place among 70 auto plans in North America if they could somehow keep their level this high.

To sustain such output over a period of 52 weeks is more difficult than achieving Elon Musk’s self-imposed deadline of producing almost 7,000 cars in one go-for-broke week. Tesla’s average has been of 3,378 vehicles per week for the first half of the current year which put the company only on the 48th place in the ranking of North American factories, a fact which is disappointing regarding CEO’s aim.

Elon Musk offered Bloomberg Businessweek an interview in which he made a prediction that his factory will be able to make 5,000 Model 3s per week by August all in addition to Model S and Model X cars without implementing any major changes.

He said, “In three months I think 5,000 will feel normal.”

In an interview with Bloomberg Businessweek, Musk predicted that by August his factory would be able to make 5,000 Model 3s each week, in addition to Model X and S vehicles, without heroic measures. “In three months,” he said, “I think 5,000 will feel normal.”

I’m Francis E. Hagopian, and I’m the voice and vision behind Billionaire365.com. For the last 15 years, I’ve lived and breathed Silicon Valley culture, arming myself with insights and know-how that I can’t wait to share with you. Think of me as your personal guide in the intricate maze of technology. I specialize in translating the complex into the understandable, so you can turn knowledge into power. This isn’t just about staying in the loop; it’s about giving you the tools you need to excel in a digital age. When you’re looking for reliable tech insights, know that I’ve got your back.

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Economy Finance News

Netflix, Prime Time and Global Market Overview This Week

Netflix and sell:

No matter how fast Netflix signs up new users, its investors are not happy. They added 1 million fewer subscribers than expected and the shares got poised. Reed Hastings, Netflix’s CEO, affirmed that it is just how business works, with ups and downs. They had made $3.9 billion in sales and $384 million in profit, and on Monday they closed at $400 per share. Mark Kelley, an Instinet analyst, had a target of $370 being afraid of the competitive landscape.

Prime time for Amazon:

Monday got Amazon suffering from periodic outages on mobile and desktop due to supra-agglomeration because of the Prime Day sale. Because of this error, their sales fell.

Big Tech faces Congress:

Facebook, Google, and Twitter were asked by the Senate and House Intelligence Committees to explain how they filter content while Russia’s meddling in US politics. The shares of Facebook soared after Mark Zuckerberg, Facebook’s CEO, after following the Cambridge Analytica data breach, testified before Congress.

A new deal for Europe and Japan:

Japan and the European Union had made a deal to remove trade barriers and slash tariffs. Furthermore, they made an agreement to recognize each other’s data protection systems as “equivalent.”

“Data is the fuel of [the] global economy, and this agreement will allow for data to travel safely between us to the benefit of both our citizens and our economies,” said EU Commissioner Věra Jourová.

Global market overview:

Even though in early trading European markets were significantly higher, Asian markets ended up mixed. After plunging 4% on Monday, US oil prices posted a small gain. On Monday S&P 500 dropped 0.1%, Nasdaq declined 0.3%, and Dow Jones industrial average added 0.2%.

Earnings:

Before the open Goldman Sachs (GS), Charles Schwab (SCHW), Progressive (PGR) Johnson & Johnson (JNJ), and UnitedHealth (UNH) will release earnings.

I’m Francis E. Hagopian, and I’m the voice and vision behind Billionaire365.com. For the last 15 years, I’ve lived and breathed Silicon Valley culture, arming myself with insights and know-how that I can’t wait to share with you. Think of me as your personal guide in the intricate maze of technology. I specialize in translating the complex into the understandable, so you can turn knowledge into power. This isn’t just about staying in the loop; it’s about giving you the tools you need to excel in a digital age. When you’re looking for reliable tech insights, know that I’ve got your back.

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Games News

GTA 6 Release Date, Female Protagonist and Leaks

Because Rockstar Games has its focus on something else, Grand Theft Auto fans need to wait longer for the sixth edition of the game. The game developer is all caught up in the development of „Red Dead Redemption 2”.

Even though it is still long ahead of Grand Theft Auto 6’s release, there is a lot of information on the internet and predictions made by expert gamers.

An estimated date about Grand Theft Auto 6’s introduction on the market is worked on by gaming experts. The publication and development of the game publisher’s DLC packs are its primary focus taking into consideration the reveal of „Red Redemption 2”.

Before setting a release date of Grand Theft Auto 6, there will be a flux of updates for the game already released. If we make some simple math, the sixth “Grand Theft Auto” would be out by late 2020. Rockstar Games also confirmed that there would be no release in the next year.

Windows PC, Xbox 360 and PS3 users received a false notification while playing that the sixth edition of the game will be released in 2019 so Rockstar Games needed to confirm whether it is true or false.

In order to do that, they replied to an inquiry from social media. A player asked on Twitter if the notification speaks the truth an this was the company’s answer

“This is a hoax made with the use of mods and not an official message or statement from Rockstar Games.”

One of the most significant Grand Theft Auto leak so far is its location and setting. Some game insiders, according to Otakukart, believe that Chicago, Mexico City, the ’70s Vegas and parts of Southern America will be introduced to the game.

Regarding the characters, some old ones might be kept, but there will be sure introducing new faces. Rumors said we should also expect a female protagonist who is going to be a first.

I’m Francis E. Hagopian, and I’m the voice and vision behind Billionaire365.com. For the last 15 years, I’ve lived and breathed Silicon Valley culture, arming myself with insights and know-how that I can’t wait to share with you. Think of me as your personal guide in the intricate maze of technology. I specialize in translating the complex into the understandable, so you can turn knowledge into power. This isn’t just about staying in the loop; it’s about giving you the tools you need to excel in a digital age. When you’re looking for reliable tech insights, know that I’ve got your back.

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Crypto News

To Become A Wall Street Financial Analyst You’ll Have To Know About Cryptocurrency

The conventional financial world and cryptocurrency have become more and more interconnected since the Bitcoin (BTC) price boom of 2017.

The CFA Institute, Chartered Financial Analyst, will include cryptocurrency-related questions in next year’s tests. The crypto and blockchain topics will be part of Levels I and II exams for financial analysts for the first time, that being a clear sign that the cryptos are here to remain on Wall Street, as Bloomberg said.

CFA Institute, whose three-tier training program educated over 150,000 financial experts, reported that the topics for the 2019 exams would be unveiled in August, giving applicants the chance to start studying for the required 300 hours in advance. Cryptocurrency courses are part of a new unit known as “FinTech in fund management” which was created by CFA Institute at the candidates’ demand.

Conventional financial world and cryptocurrency have become increasingly interconnected thanks to 2017’s Bitcoin (BTC) boom

The traditional financial world and the expanding crypto space have become more and more interconnected in the aftermath of last year’s Bitcoin (BTC) boom.

Bitcoin futures quoted on the Chicago Stock Exchange, firms like Goldman Sachs entering cryptocurrencies market and the repeated news that top Wall Street executives are moving into crypto space are just a few of the reasons why cryptos are becoming the real deal.

“This is not a fad. We saw that the issue was advancing faster and with greater projection than others,” explained Stephen Horan, one of the directors at the CFA Institute in Charlottesville, Virginia.

CFA’s crypto- and blockchain-based content will be featured along with other Fintech-related themes, including artificial intelligence, machine learning, and big data.

“It will be very good for us, as there has been a great expansion and adoption of cryptocurrency in our investment universe,” asserted Kayden Lee, 27, a student of financial economics at Columbia University to Bloomberg. Lee took the CFA Level I exam in June and is know getting ready for the next one.

In short, CFA Institute will include cryptocurrency-related topics in next year’s tests because the conventional financial world and cryptocurrency have become more and more interconnected.

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Crypto News

KashMiner Crypto Mining Device Subject Of A Scandal Between Kodak And Spotlite, Its Two Developers

KashMiner, the crypto mining tool developed by Spotlite USA for the Kodak company, will cease to be one of the photographic multinational’s cryptocurrencies projects as it will not gain the approval of the United States Securities and Exchange Commission (SEC) for its legal operation.

The news has been reported by the BBC, which says the denial of KashMiner’s license is due to allegations of fraud led by experts in the field, who claimed that the startup that developed the initiative, the Spotlite, had offered unattainable and misleading profits with the product.

KashMiner crypto mining project was promoted as the first Bitcoin (BTC) mining initiative by Kodak developed by Spotlite. The tool was presented last January at the Kodak booth at the CES Show Technology event in Las Vegas.

The initial rental of the machine was estimated at $3,400, ensuring that the tool could generate a profit of $375 per month over two years from mining on the Bitcoin (BTC) network. Similarly, Halston Mikail, CEO of Spotlite USA, had assured that 80 machines had already been installed in the Kodak building and were fully operational.

Kodak stated they ceased their participation in the KashMiner crypto mining project

Critics of the event called KashMiner a “scam” because, due to the current difficulty of Bitcoin’s blockchain, it was impossible to calculate such high profits from mining activities.

Saifedean Ammous, an economist, told the BBC that anyone who had bet on this tool would have lost the investment because it is impossible to earn the money with such a crypto mining device.

“There is no way your magical Kodak crypto mining tool can earn the same $375 every month,” he said. David Gerard, a writer specializing in cryptocurrency, also considered the idea of Spotlite USA to be risky, calling it “crypto madness.”

In response to the cancellation of the project, a Kodak spokesman confirmed that the project had never been licensed by the multinational, and no KashMiner crypto mining device was installed at their headquarters.

Spotlite USA reported that the company abandoned plans to rent equipment to third parties through Kodak and decided to set up its own private mining farm in Iceland.

Now, Kodak want to sue Spotlite USA on the basis that they used the company’s name in the marketing of the KashMiner crypto mining device, without being allowed to do that.

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