Money

JP Morgan Feels Market Volatility Despite Record Q4 Profit

JP Morgan Chase became the latest Wall Street bank to report the damage of December’s volatile market conditions, disclosing a decline in revenues and profits in its investment banking business driven by a weaker fixed income markets sector. The nation’s largest bank still reported largely positive results overall, with total net revenue up 4% year-on-year …

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EPA Prosecutions Against Polluters Lowest in 30 Years

The Environmental Protection Agency last year pursued the lowest number of criminal prosecutions against polluters since 1988, the Associated Press reported. In 2018, the agency referred 166 cases for criminal prosecution, a significant drop since 1998 under former President Bill Clinton when 592 cases were referred. Of the 166 cases referred last year for prosecution, …

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Cheap Battery Replacements Could Have Significantly Contributed to Apple’s Shortfall

Customers eagerly took advantage of Apple’s offer to cheaply replace iPhone batteries last year. As many as 11 million people reportedly swapped out their batteries last year, when replacement prices were cut to $29. Normally, the annual number is between 1 and 2 million. The news follows Apple’s surprise note to shareholders on Jan. 2, …

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Fake Porn Videos Are Terrorizing Women. Do We Need a Law to Stop Them?

In the darker corners of the Internet, you can now find celebrities like Emma Watson and Selma Hayek performing in pornographic videos. The clips are fake, of course–but it’s distressingly hard to tell. Recent improvements in artificial intelligence software have made it surprisingly easy to graft the heads of stars, and ordinary women, to the …

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Gillette’s New ‘Toxic Masculinity’ Ad Makes Nike’s Colin Kaepernick Stance Look Coy

When it comes to businesses boldly asserting their values through their marketing, Procter & Gamble’s Gillette just made Nike’s headline-grabbing “Believe in something” Colin Kaepernick ad look coy by comparison. For the last three decades, Gillette has offered “The Best A Man Can Get.” Now, to mark the switch to its new “The Best Men …

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Drone Deliveries May Arrive Sooner than Expected Thanks to New FAA Plan

The Trump administration proposed a series of new rules Monday that would loosen regulations on drone use. Transportation Secretary Elaine Chao announced plans to make it easier to operate drones over crowds and at night. Currently, civilian drones are not permitted for use directly over people, due to concerns that they could fall from the …

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Volkswagen and Ford Are About to Reveal the Terms of Their Big Partnership

Volkswagen and Ford are set to formalize their alliance on Tuesday, in a move that could help both automakers speed up and save money on their development of electric and autonomous car technology. The German and U.S. firm said back in June last year that they were considering such a partnership, possibly in order to …

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