EMERGING NEWS 

Jeff Bezos Opens His First Tuition-Free Preschool in Washington State

Longtime Washington state residents can now formally hold ownership of a grandiose school dubbed “The Bezos School” in Seattle. Former Amazon CEO Jeff Bezos announced the $75 million campaign that will fund the construction of the institution, which is set to open to the public in 2021. Amazon already has its hands full with facilities to accommodate its growing workforce, so it only made sense for Bezos to invest in education as well. According to GeekWire, the project will turn the headquarters of Seattle-based fintech company Zulily into a new…

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Bezos’ Blue Origin to Break Record With 7th Reusable New Shepard Rocket

Blue Origin, the commercial space venture founded by Jeff Bezos, announced a new milestone for the company, producing its seventh “verified,” or reusable, New Shepard rocket. “Starting next month, New Shepard will launch and land payloads for customers,” says Jeff Bezos, the CEO of Blue Origin. “That is a major milestone for the world’s most ambitious rocket company. This is a hard technical challenge, but one we are not going to accept at the expense of our mission.” Cerberus and Mad Max Partner Jeff Bezos’s space venture just broke another…

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EMERGING NEWS 

Shopify Data Breach By ‘Rogue’ Employees Exposes Nearly 200 Merchants; Customers Potentially at Risk

Shopify is asking customers to change their passwords in the wake of a large security breach. The report comes less than a month after Shopify said “rogue” employees had siphoned usernames and encrypted credit card data. Shopify has admitted the data breach was a result of the attackers taking advantage of “a security flaw.” The thieves gained access to customer and merchant data. In particular, Shopify says the information compromised was credit card numbers, payment card expiration dates, and user names. The hackers are believed to have accessed 2.8 million…

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EMERGING NEWS 

Facebook Oversight Board Set to Launch Just Before Election

The Department of Justice (DOJ) will appoint a Digital Accountability and Transparency Board (DATA) under the influence of Facebook and the Russian government in the weeks before the 2020 Presidential election. The new board will be responsible for verifying fake accounts and fake social media profiles that attempt to manipulate elections. As TechCrunch explains, the new board is a growing realization that there was rampant election meddling online at the same time the Obama Administration was in the midst of a PR campaign for social media friendly critics. The original…

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EMERGING NEWS 

How Your Portfolio Can Benefit From The Current Electric Vehicle Conversation

One of the biggest buzzwords in the world of business and investments right now is the electric vehicle (EV). The United States is no stranger to negative headlines regarding China’s controversial plans to buy up electric vehicles by 2025. Not long ago, the aforementioned plans sparked electric vehicle market speculation that Tesla’s stock could go through the roof – a trend that has yet to pan out. In the eyes of many investors, the bottom line matters most and investing in electric vehicles can be seen as an important way…

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EMERGING NEWS 

Judge Says US Must Delay TikTok Download Ban or File Legal Papers by Friday: Gasparino

In the quiet courts of New York, a judge is being asked to hold the Trump administration accountable for its lack of competence when it comes to implementing a crucial rule designed to protect children from adult-targeted digital content — like a pornographic song title. Judge Alvin Hellerstein has been handling the case, which is unusual given that the government has objected to the order in every instance and has objected as of late — both before and after the court issued the temporary order in January, and after the…

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EMERGING NEWS 

Google Maps Coronavirus Update Helps Users Navigate Through Hotspots

There has been a new development in the drama surrounding the Google Map masking problem. As the WSJ’s Tania Branigan and Cara Cook reported earlier, Staphylococcus aureus has been identified as the cause of mycobacterial “emissions” seen by some people using Google Maps, so the company has made a limited but important update to the map software. So, for most users in the United States, an updated version of Google Maps will be much less alarmed if a map showing the a zone of concern is detected: Staphylococcus aureus, a…

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EMERGING NEWS 

Spirit Aero Systems Terminates Asco Acquisition Deal, More Than 2 Years After it Was Announced

As first reported by The Wall Street Journal, Spirit AeroSystems is terminating its $16.8 billion acquisition deal with Asco Technologies Inc. It’s been a long time coming. Spirit Aerosystems, a Louisiana-based aerospace company, was supposed to be able to grow by buying subsidiaries of French engine-parts company Safran SA (ASCO), which was spun off from Safran in 2017. But the approval process dragged on and on, with more and more delays on the regulatory end. The total time it took to get the deal done was about two years and…

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EMERGING NEWS 

Amazon Unveiled New Hardware at Its Virtual Product Event

Amazon Thursday unveiled new hardware at its first virtual product event, a star speaker talent lineup and a supposedly innovative tech services strategy that seemed to center on selling time. The new Echo Show, which fills a niche in the market: providing video information and display capabilities through a built-in screen. It runs Amazon Alexa and is especially useful for showing live television — but not for controlling your smart home. The new Echo device, which sounds fancy, is a bit cheaper than previous models. Amazon will soon also sell…

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EMERGING NEWS 

Amazon-Backed Food Delivery Startup Deliveroo Could be Heading Toward a 2021 IPO, Bloomberg Reports

Amazon has made a surprisingly large mark on the U.S. economy over the past decade, some might say a revolution. Food delivery is now a central feature of many restaurants. Starbucks is one of Amazon’s biggest suppliers. And much of the furniture in almost any apartment and home has been made in factories run by other, less successful companies that subcontract from an Amazon factory. But while Amazon has dazzled the world for many years, it has yet to make much money — most of its revenue comes from subscriptions…

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