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Amazon will stop selling Nest smart home devices, escalating its war with Google

“In addition to ending sales of Nest products, Amazon does not sell other Google hardware like the Google Home Speaker or Pixel smartphone” writes Finanzen Net Gmbh for businessinsider.com. Nest later became its own company after Google reorganized into the Alphabet conglomerate, only to be reabsorbed back into Google in February. Source: businessinsider.com Share This:

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Crypto News 

Bitcoin price drops by $1,000 in one hour amid fears of escalating crackdowns

“Bitcoin’s price dropped by more than $1,000 in just one hour on Tuesday morning amid reports that governments in China and South Korea are planning further crackdowns on the digital currency” writes James Titcomb for telegraph.co.uk. The drop comes amid reports that China is preparing to escalate recent measures to discourage use of cryptocurrencies.Authorities plan to effectively shut off access to online services that allow people to trade Bitcoin by blocking wallet services and access to exchange websites, Bloomberg reported.Other cryptocurrencies including Ethereum and Ripple suffered much heavier drops, losing…

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Russia Threatens to Block Ads on Google in Escalating Media War

“As a media war between Russia and the United States escalates, Russia has threatened to block ads appearing on Google, existentially cutting off the online giant’s revenue stream in the country” writes Vladimir Kozlov for billboard.com. The media war between Russia and the United States has erupted against the backdrop of an investigation into alleged Russian meddling in the 2016 U.S. presidential election. Source: billboard.com Share This:

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Criminals make student data public in escalating demands for ransom

“Particularly alarming was the discovery that the group had hacked the school’s security cameras and could watch their every move” writes Michelle Melnick for aol.com. After a rash of attacks across the country, the FBI is asking school districts to make cyber security a priority.With many school districts across the country facing tight budgets, cyber security is often an after-thought, according to experts. Source: aol.com Share This:

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Qualcomm files patent lawsuit against Apple in China seeking to ban the sale and manufacture of iPhones

“Soon after its first legal salvo, Apple cut off licensing payments to Qualcomm” writes unknown author for bloomberg.com. Qualcomm Inc. filed lawsuits in China seeking to ban the sale and manufacture of iPhones in the country, the chipmaker’s biggest shot at Apple Inc. so far in a sprawling and bitter legal fight. Source: bloomberg.com Share This:

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Escalating tension has experts simulating a new Korean War, and the scenarios are sobering

“North Korea might respond by lobbing a few artillery shells toward the 35,000 U.S. troops currently stationed in South Korea” writes Barbara Demick for latimes.com. This is the way a nuclear war begins.Although North Korea has successfully tested an intercontinental ballistic missile and conducted six nuclear tests, the technologies have not yet been married together. Source: latimes.com Share This:

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Escalating feud, Trump blames McConnell and Ryan for upcoming ‘mess’ on debt ceiling

“Neither Mnuchin nor Trump has had to deal with the debt ceiling before, and Trump – before he was sworn in as president – ridiculed Republicans for raising the debt ceiling” writes Philip Rucker for sun-sentinel.com. Traditionally, top political figures are coached to project calm about the debt ceiling for fear of spooking investors.Mnuchin on Monday appeared in Kentucky with McConnell, and they both assured voters that the debt ceiling would be raised.Republicans typically resist raising the debt ceiling, and GOP leaders were expecting to rely on Democrats to supply…

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One retailer stands its ground in retail price war

“Their popularity with price-conscious shoppers who want to avoid big stores that typically stock large packs of supplies and more expensive national brands, largely shield them from competition, analysts said” writes Aol Staff for aol.com. U.S. dollar stores have not become collateral damage, as feared, in a price war among big retailers including Wal-Mart Stores Inc and Kroger Co, which has pushed down prices of key items such as eggs and laundry detergent.Both companies lost some sales to Wal-Mart last year, right after the retail giant started slashing prices and…

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