Convoy CEO: Inefficiency is a bigger problem than driver shortage for the trucking industry

Trucks are running across the country empty 30 to 40 percent of the time, Dan Lewis, CEO of digital freight matching company Convoy, told CNBC on Thursday He hopes to change all that by utilizing that free space. « We think the next big thing in trucking is to actually automate the process of matching those hundreds of thousands, millions of trucks with all of the freight that needs to be moved every day, » he told Wilfred Frost. In fact, he believes inefficiency is the bigger problem than the…

Olivia Colman adds royal touch with ‘The Favourite’ at London Film Festival

LONDON (Reuters) – The London Film Festival got its one of its starriest red carpets on Thursday when actresses Emma Stone, Rachel Weisz and Olivia Colman premiered “The Favourite,” a costume piece with a difference being billed as an Oscar contender. Actors Rachel Weisz, Olivia Colman and Emma Stone pose at the UK Premiere of The Favourite during the London Film Festival, in London, Britain October 18, 2018. REUTERS/Peter NichollsWith plenty of laugh out loud moments, the movie sees Colman portray Britain’s 18th-century Queen Anne as an insecure, frail, tempestuous,…

Ford boosts production of its $400,000 GT supercar as demand outpaces supply six-to-one

Ford is boosting the limited production of its $400,000 GT supercar to keep up with demand, the company said Thursday. The Ford GT is the automaker’s answer to high-performance sports cars from companies such as Lamborghini, Ferrari, Porsche, McLaren and others. Orders have been outpacing supply, prompting Ford to up production from the 1,000 GTs it originally planned to make in 2016 to 1,350. The company is also extending its production deadline from 2020 to 2022. « The response to our Ford GT has been unprecedented, with initial demand outstripping…

Google is unbundling Android apps: all the news about the EU’s antitrust ruling

In July 2018, the European Commission ruled that Google had exhibited “anticompetitive behavior” in its dealings with Android partners. The Commission said that Google should not have required Android phone and tablet makers to install Chrome and search in order to install the rest of Google’s apps. And the Commission also said that Google should not have barred its partners from building devices based on forked versions of Android. Google is appealing the ruling. But for the time being, the company has to make changes to how it licenses its…

Highlights from the 3rd Annual Net/Net Summit

The CEO-CFO Partnership: Managing Change in Retail Health CareAcquisitions. Buybacks. New competitors (Amazon!). Shifting consumer trends. The team at Walgreens Boots Alliance has had its hands full in recent years, keeping pace with rapid changes while delivering consistent growth. We’ll find out what makes their C-suite tick. Leadership Lessons, from Battlefield to BoardroomThe legendary commander of the Joint Special Operations Command revolutionized the way we fight wars; he now applies the lessons he learned on the battlefields of Afghanistan and Iraq to management strategy, helping leaders adapt, innovate and initiate…

Political ad buyers are exploiting a Facebook loophole to disguise where their money is coming from

Despite Facebook’s efforts to make political ad funding more transparent, loopholes enable ad buyers to remain relatively anonymous. Facebook announced in March a new tool to promote political advertising transparency on the site. But a series of news stories over the past few weeks reveal that political advertisers are exploiting loopholes in Facebook’s system to obscure the source of their funding. Late last month, The Daily Beast identified a digital media startup that created a limited liability company (LLC) to buy political advertising. The Atlantic reported Wednesday that the LLC…

U.S. gives Saudis more time on Khashoggi; Mnuchin spurns conference

WASHINGTON/ISTANBUL (Reuters) – The top U.S. diplomat advised President Donald Trump on Thursday to give Saudi Arabia more time to investigate journalist Jamal Khashoggi’s disappearance even as Treasury Secretary Steven Mnuchin abandoned plans to attend an investor conference in Riyadh, putting the high-profile event in question. In Istanbul, Turkish investigators for a second time searched the Saudi consulate where Khashoggi – a U.S. resident and Washington Post columnist who was a strong critic of Crown Prince Mohammed bin Salman – vanished on Oct. 2, seeking clues about an incident that…

Trump threatens to send military, shut border as Central Americans migrate

WASHINGTON/GUATEMALA CITY (Reuters) – U.S. President Donald Trump threatened to deploy the military and close the southern U.S. border on Thursday as more Hondurans and Salvadorans joined thousands of migrants in Guatemala headed north. “I must, in the strongest of terms, ask Mexico to stop this onslaught – and if unable to do so I will call up the U.S. Military and CLOSE OUR SOUTHERN BORDER!” Trump wrote on Twitter. Several thousand Honduran migrants traveled this week through Guatemala headed to Mexico, with some hoping to cross into the United…

Oil plunges nearly 11% in just 2 weeks, shrugging off Iran sanctions and Saudi tension

Talk of oil prices spiking to $100 has been replaced by another discussion: How low can crude futures go? The oil market has undergone a spectacular reversal, even against a backdrop of looming U.S. sanctions on Iran, OPEC’s third-largest crude producer, and rising tensions between Washington and Saudi Arabia, the world’s biggest oil exporter. U.S. crude futures fell to a one-month low of $68.55 on Thursday, plunging more than $8 a barrel from this month’s nearly four-year high at $76.90. That’s a remarkable 10.9 percent plunge from peak to trough…

Now you can share your ETA in real time on Google Maps for iOS

Google Maps’ ETA sharing feature, which lets the app share your navigation route with friends in real time, is coming to iOS today. The feature has been available on the Android app since last year, and was introduced with the clip above. The video shows some specific use cases for ETA sharing, like when you’re planning a surprise party and need to coordinate partygoers’ arrival times. It’s also just a neat, useful tool for when you want to know your friends’ whereabouts, a feature that’s long been available on other…

Uber is testing a new ‘on-demand labor’ service, sort of like a temp agency

Uber is testing an « on-demand labor » service that sounds sort of like a temp agency and would expand the ride-hailing giant beyond the transportation realm for the first time, a person familiar with the pilot program told CNBC. The Financial Times first reported the Uber Works pilot. Uber declined to comment to CNBC. The company is shoring up its finances and expanding its reach ahead of an IPO next year. Uber made its name as a ride-based logistics platform, but expanded in recent years to offer food delivery…

Hyperloop One takes first step on a promising test road in America’s heartland

The last new form of transportation, the airplane, was invented 115 years ago. But a contender for the 21st century’s biggest travel breakthrough, the Hyperloop, just took a step closer to becoming a reality in the United States. Virgin Hyperloop One, which already has a working demo in Nevada and claims it will have the first passenger-bearing loop built by the mid-2020s, said on Wednesday that the first feasibility study has been completed, confirming that the concept is viable in the case of « Heartland Hyperloop » in Missouri. Missouri,…

Paris auction house « would love it » if Banksy pulls another stunt

PARIS (Reuters) – The first auction house to sell prints by Banksy since THAT auction two weeks ago does not anticipate another stunt like the one that shredded half a picture moments after the hammer fell. But, hey, if something were to happen? Great! “Are we expecting it? Not really. Perhaps we are hoping for it,” said auctioneer Arnaud Oliveux of Artcurial auction house in Paris, which is selling three Banksy prints next week. “I would love it if something happens.” The British artist has done more to cultivate his…

‘Making a Murderer’ resumes quest for justice with ‘Part 2’

NEW YORK (Reuters) – The documentary “Making a Murderer” captured attention in 2015 with its story of how two Wisconsin men were convicted of a brutal murder, throwing a harsh light on the U.S. justice system and triggering a spate of true-crime programming. FILE PHOTO: Steven Avery is pictured in this file undated booking photo. REUTERS/Manitowoc County Sheriff’s Department/Handout via Reuters/Files/File PhotoNow the Emmy-winning Netflix series is back as the two men – Steven Avery and Brendan Dassey – strive for freedom after 10 years behind bars. “Making a Murderer”…

Apple announces October 30 event where it’s expected to announce new iPads and Macs

Apple just announced that it will hold a press event on Oct. 30 in New York City. It’s where Apple is expected to unveil its latest iPads and Macs. In July, top Apple analyst Ming-Chi Kuo said Apple will release a new 11-inch iPad Pro with support for Face ID, the same facial-recognition technology used in Apple’s newest iPhones that can unlock the device when you look at it. Apple refreshed its standard iPad back in March, when it also added support for the Apple Pencil stylus. Apple’s current iPad…

Gmail add-ons like Dropbox can now be easily accessed while writing emails

Google now allows third-party developers to build support for their apps directly into Gmail’s compose window. The integrations, first announced back at Google Next in July and available starting today, mean that an app like Dropbox can now add a button to the bottom of the compose window that you can click to quickly add a shortcut to one of your available files, for example. Other apps announcing add-on support include Box, Atlassian, and Egnyte, with more on the way, according to Google. Google has increasingly allowed third-party developers to…

Britain’s May and EU voice renewed confidence on Brexit

BRUSSELS (Reuters) – British Prime Minister Theresa May and other EU leaders voiced renewed confidence on Thursday that they could secure a Brexit deal, saying they were working hard to overcome the very same hurdles that only days ago brought the talks to a halt. Less than six months before Britain quits the EU in its biggest shift in policy for more than 40 years, the two sides are at odds over how to deal with their only land border, between the British province of Northern Ireland and Ireland. The…

France open to extending Brexit transition period: finance minister

PARIS (Reuters) – Finance Minister Bruno Le Maire on Thursday left the door open for France to support the European Union negotiator’s offer of a one-year extension to Britain’s post-Brexit transition period. French Economy Minister Bruno le Maire arrives at the Elysee Palace for the weekly cabinet meeting in Paris, France October 17, 2018. Francois Mori/Pool via REUTERSMichel Barnier proposed the extension to give London more time to agree an EU-UK customs deal needed to solve the Irish border issue. British Prime Minister Theresa May said in Brussels on Thursday…

Crypto M&A is on a tear as dealmakers see opportunity in bitcoin’s price slump

Dealmakers seem to be anything but deterred by bitcoin’s price pain this year — they’re actually using it as an excuse to go bargain hunting. Despite the ongoing bear market in the sector, merger and acquisition activity by cryptocurrency companies among themselves and by companies hunting for bitcoin’s underlying technology is hitting record levels. Total blockchain and crypto-related deals have surged more than 200 percent at an annualized rate this year, according to data from PitchBook that was compiled by JMP Securities. Bitcoin, meanwhile, has lost 54 percent of its…

Facebook talks up its third-party fact-checkers, but at least one is checking just one post per day

Facebook has been talking up its third-party fact-checking partners as the company continues its war against fake news and misinformation campaigns. But at least one partner isn’t actually reviewing much content. FactCheck.org, one of several third-party reviews contracted by Facebook, told the Wall Street Journal it reviews less than one Facebook post per day, on average. The company has been ramping up detection efforts in light of foreign interference in the 2016 presidential election, and ahead of the midterm elections in November. CEO Mark Zuckerberg testified before Congress that the…

Brexit: EU ready to extend transition period

Media playback is unsupported on your device The EU is ready to extend the post-Brexit transition period if the UK wants, Donald Tusk has said. The current length of the transition period – designed to smooth the path from Brexit to the UK and EU’s future permanent relationship – is 21 months. But with the two sides failing to reach a deal yet, UK Prime Minister Theresa May has suggested extending this transition period « for a few months ». Some Brexit campaigners oppose the UK being tied to EU…

Jamal Khashoggi case: Liam Fox pulls out of Saudi summit

The UK’s International Trade Secretary Liam Fox has pulled out of attending an investment conference in Saudi Arabia next week. It comes amid allegations the country was behind the killing of Saudi journalist Jamal Khashoggi. Mr Khashoggi has not been seen since entering the Saudi consulate in Istanbul on 2 October, where Turkish officials allege he was killed. Saudi Arabia, which denies the killing, allowed investigators inside overnight. The Dutch and French finance ministers, as well as several other politicians and business leaders, have said they are pulling out of…

Police officer run over in Blackley during van chase

Two teenage girls are among four people arrested after a police officer was run over during a police chase. The officer, 43, suffered leg injuries when he was hit by a van being pursued by officers at 07:30 BST in Blackley New Road, Blackley, Manchester. He had been responding to a disturbance at a nearby flat when a man fled in a black Citroen Berlingo. Two girls aged 16 and 17 and two men, both 23, are being held on suspicion of assault and theft of a motor vehicle. Greater…

Banksy: How Love is in the Bin’s shredding did not go to plan

Media playback is unsupported on your device The partial shredding of a Banksy artwork didn’t go entirely to plan, the artist has confirmed. Love is in the Bin self-shredded in its frame immediately after selling for £860,000 at Sotheby’s last week. Now, Banksy has uploaded a video suggesting the entire canvas was supposed to shred, and not just two thirds of it. A clip of a canvas shredding in full is seen in the video with the caption: « In rehearsals, it worked every time. » The video shows the…

‘Facebook baby ads taunted me after stillborn’

Facebook has apologised to a mum whose baby was stillborn after she continued to receive parent-related adverts despite triggering the settings to hide them. Anna England Kerr wrote an open letter to the social media giant – asking them to stop bombarding her. “Your ads were unintentionally taunting me with reminders of what I’d lost,” it read. Facebook said it was caused by a bug in the system that has now been fixed. Watch the BBC’s Victoria Derbyshire programme on weekdays between 09:00 and 11:00 BST on BBC Two and…

How to download a copy of everything Apple knows about you

Stephen Lam | Reuters Tim Cook, CEO of Apple, smiles during a demonstration of the newly released Apple products following the launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Apple launched a new privacy website on Wednesday that makes it easier to download a full copy of everything you’ve stored on the company’s servers. You can also delete everything in case you want to move your data from Apple to another company. CNBC has covered how to do this before, but you used to have…

Facebook co-founder wants to repeal Trump tax cuts to pay for a $500 per month basic worker income

Facebook co-founder Chris Hughes said Thursday the federal government could give U.S. workers a stipend of $500 per month by repealing the tax cuts passed late last year. Hughes, author of « Fair Shot: Rethinking Inequality and How We Earn » and an advocate for a basic income, argued that less than a third of Americans have reaped the benefits of President Donald Trump’s tax cuts. « Everybody else, they’re making the same amount that they made in 1978, » Hughes said in a « Squawk Box » interview. Meanwhile,…

2019 is shaping up to be a year of massive tech IPOs, with valuations as high as $100 billion

2019 is shaping up to be a big year for massive tech IPOs, with valuations that could reach as high as $100 billion or more. Ride-sharing companies Uber and Lyft have been open about their ambitions to go public, but several other tech companies have begun to hint at upcoming IPOs as well. Here are the companies to watch in 2019. This elusive data-mining company backed by Peter Thiel is the latest tech giant to consider an IPO for late 2019, according to the Wall Street Journal. Palantir is currently…

Google’s updated Material Design is the future of how Android apps will look

Google is making changes to the visual style and design of its software and refreshing the design guidelines for Android apps. We saw the beginning of this shift with the initial developer release of Android P earlier this year. Today at its I/O conference, Google offered more examples of the colorful icons, rounded corners, and gratuitous use of white space that mark an evolution over the initial Material Design style that’s served as the visual foundation for Google’s apps and many third-party Android apps over the last four years. You…

Trump warns Mexico on migrant caravan, threatens to close border

WASHINGTON (Reuters) – President Donald Trump threatened to deploy the military and close the southern U.S. border on Thursday if Mexico did not move to halt large groups of migrants headed for the United States from Guatemala, Honduras and El Salvador. FILE PHOTO: U.S. President Donald Trump speaks prior to awarding the Medal of Honor to Vietnam War veteran retired Marine Corps Sergeant Major John Canley in the East Room of the White House in Washington, U.S., October 17, 2018. REUTERS/Yuri Gripas“I must, in the strongest of terms, ask Mexico…