Author: Vallari Gupte

I am a business and technology reporter who is intrigued by new innovations and ideas. My desire to bring the latest news in the tech and business world to people has prompted me to create a blog that centers on the challenges, advancements, and innovations in these sectors. full bio
Rupert Stadler, Ex-Audi Chief, Charged With Fraud in Diesel Scandal

Rupert Stadler, Ex-Audi Chief, Charged With Fraud in Diesel Scandal

Market
BERLIN — German prosecutors on Wednesday charged Rupert Stadler, former chief executive of the Audi luxury car division of Volkswagen, with fraud for the company’s role in a diesel emissions cheating scandal. Mr. Stadler and three others who were not named were accused of developing illegal emissions software used in cars sold under the Volkswagen, Audi and Porsche brands as part of a wider effort to cheat diesel emissions tests, Munich prosecutors said in a statement. The charges were the latest in Germany’s efforts to investigate and prosecute the architects of the scandal that has rocked the country’s automobile industry and laid bare the extent to which the companies tried to make diesel appear to be an environmentally friendly fuel option. The state court in Munich will now deci
Sony has sold 100 million PlayStation 4 consoles

Sony has sold 100 million PlayStation 4 consoles

Business, Market
Despite flagging sales of late, Sony's PlayStation 4 has sold 100 million units, making it the fastest-selling console to hit that number. In its latest earnings report, Sony revealed that it sold 3.2 million PS4s between March 31st and June 30th, after announcing that 96.8 million units had sold in the previous quarter. That means it hit the 100 million figure on the nose in 5 years and seven months, just two months quicker than Nintendo's Wii. Sony also revealed that for the first time, folks are buying more games via digital downloads than physical discs, marking a trend that's been ongoing for a while now. Despite its half-decade age, PS4 sales have never really flagged until recently, with 17.8 million sold last year, down just 1.2 million over 2017. However, it took a noticeabl...
Tesla Shares May Sell Higher than $4,000 According to Fund Manager Cathie Wood

Tesla Shares May Sell Higher than $4,000 According to Fund Manager Cathie Wood

Finance
Tesla is one of the fastest growing tech companies in the world. Even if the company faced some challenges last year, industry insiders are certain that the future of Tesla is bright. Catherine Wood, the CEO of Ark Invest initially said that Tesla's shares would sell as high as $4000. On Monday, speaking at CNBC’s ETF Edge, she said that her conviction in Tesla has increased significantly over the last year and she believes the shares would sell higher than $4000. In her words: “Tesla is occupying our largest position and our conviction in the company has risen over the last year. It is down by up to 29% this year but our funds are up by about 28%.” According to Wood, Ark invest is able to make the best out of difficult situations by implementing a unique method that places emphasis on
Facebook on the Hunt for Allies to Support Its Cryptocurrency Project

Facebook on the Hunt for Allies to Support Its Cryptocurrency Project

Business
For more than two years, Facebook has been showing interest in the cryptocurrency and blockchain space. Last year, rumors started circulating that the company is planning a cryptocurrency payment project. Now, according to new reports on the Wall Street Journal, the company is meeting up with several firms that would support its cryptocurrency payment service. So far, Facebook has spoken with MasterCard, and Visa about the project which it has dubbed ‘Project Libra’. The company is going to create a dollar pegged cryptocurrency for WhatsApp users. This dollar pegged cryptocurrency, also known as a stable coin, will be used to send money from one user to another. Apart from recruiting e-commerce and financial services firms to join its course, Facebook is also considering developing a
White House and Democrats Agree to Spend $2 Trillion on Saving the Nation’s Infrastructure

White House and Democrats Agree to Spend $2 Trillion on Saving the Nation’s Infrastructure

Politics
On Tuesday, Donald Trump and the Congressional Democrats agreed to use $2 trillion to save the crumbling infrastructure in the United States. While they agreed on the exact figure, no details were revealed about how they intend to fund the project. The mistrust between Democrats and Trump is legendary. However, both parties were able to come to an agreement regarding the nation's infrastructure. Senator Chuck Schumer said that the Democrats and the White House acknowledge that something needs to be done about the crumbling infrastructure in the country. You'll recall that Congress is currently hammering the White House for more information on Trump's Tax returns following the conclusion of the Robert Mueller probe. So, there was a lot of tension in the room when Pelosi and Schumer ent...
Apple Kicks out Parental Control Apps and Third-party Screen Time Apps Following the Release of its Screen Time Feature

Apple Kicks out Parental Control Apps and Third-party Screen Time Apps Following the Release of its Screen Time Feature

Tech & Science
According to a recent report from the New York Times, Apple has asked developers of screen time apps and parental control apps to either change their system or remove it from the app store entirely. This happened right after the tech giant debuted a screen time feature. On the iOS app store, there are about 17 frequently downloaded apps related to screen time and parental control. So far, the developers of 11 of those apps have been asked to change their product or leave the app store. Many other apps that aren't in the most downloaded category have also suffered the same fate. Parents have complained about Apple’s screen time stating that it isn't as efficient as some other third party apps. Some users pointed out that the Apple screen time doesn't allow parents to completely shut d
Securities and Exchange Commission Settles Legal Beef with Tesla CEO, Elon Musk

Securities and Exchange Commission Settles Legal Beef with Tesla CEO, Elon Musk

Market
Yesterday, the United States Securities and Exchange Commission and the CEO of Tesla took to Twitter to announce the settlement from a controversy that started after a post by Elon Musk. As released in the court filing, both parties have agreed to make an adjustment to the initial settlement. The new settlement gives a more specific explanation of the types of tweets that Musk needs to show a lawyer before posting and the tweets that may be considered misleading to investors. Musk believed that the initial settlement was vague as it only stated that potentially material statements by the CEO must pass through an experienced lawyer before being posted. He said that the SEC assumed that he would know if a statement is "material" before asking a lawyer to vet it. So, the SEC had to amend t...
Trump Wins the Heart of an NRA Crowd by Removing The United States from The UN Arms Treaty

Trump Wins the Heart of an NRA Crowd by Removing The United States from The UN Arms Treaty

World News
In Indianapolis, during a speech addressed to the National Rifle Association, Donald Trump revealed that the United States government has decided to withdraw its support for the UN arms regulation treaty. Due to the withdrawal, America will no longer be a signatory of the treaty which regulates the sale of every conventional weapon. Addressing the crowd he said: “My administration is never going to ratify the United Nations arms trade. We have revoked our status. Soon, the United Nations will get a final notice that we have rejected this treaty. My administration will never surrender the sovereignty of America to anyone. Never would we allow foreign bureaucrats to trample on our second amendment rights. Today, I am officially announcing that the United States has revoked the effect of our
Donald Trump Says White House May Use Executive Privileges to Block Congressional Probe

Donald Trump Says White House May Use Executive Privileges to Block Congressional Probe

Politics
Donald Trump, the President of the United States of America, during an interview with Washington Post, said that he doesn't see the essence of cooperating with oversight investigations by the Congress. He also said that his aides, whether former or current, should not be made to testify in court and the White House was considering using its executive powers to stop these appearances. According to Trump, these Democrat-led investigations are a waste of time and resources especially because Robert Mueller's report did not reveal anything incriminating about the president. The Mueller investigation was launched after the Russian government was accused of interfering with the 2016 presidential elections in favor of Trump. After the report was released, the Democrats latched onto its find...