Tesla quite literally gets under this woman’s skin - Canadanewsmedia
Connect with us

Business

Tesla quite literally gets under this woman’s skin

Published

on

Tesla has millions of superfans, but while many are willing to pay an arm and a leg for the company’s products, and despite Elon Musk’s new brain implant technology I suspect very few have any of the company’s technology under their skin.

Amie DD is, however, a bit more future-forward than most, and made the ultimate buyers commitment by implanting a Tesla Model 3 valet card RFID chip in her hand.

The Tesla owner, maker and software engineer already has an existing chip in her hand which she uses to access her website and house.

It’s just basic access control. If I were to tap my hand to your phone, it would automatically open a browser and go to my web page,

Amie’s plan to copy the Tesla chip’s software onto her existing RFID chip didn’t go as expected, so she just decided to install a second.

I can get a lot of information about the Java Applet that it runs on, but I can’t take that information and write it to my current chip. So, it’s pretty secure. Good job, Tesla,

Despite facing criticism, she remained undeterred.

They [said] oh, you can’t like, start your car with that. It’s not secure, it won’t work. And it makes me want to do it more…because…it makes me question why. Like, why can’t you do it that way? What are the limitations?

And it actually makes me research it to be able to reverse engineer it, understand how it works, why it works that way…and then at the end, it’s like going to the candy store… I did it, it’s like the Sword of Destiny.

How did she do it?

Following the advice of Amal Graafstra of DangerousThings.com; she dissolved the card’s plastic in acetone, then encapsulated it in biopolymer to make it compatible with the human body.

I talked to a few doctors, and they were a little leery about doing this because it’s kind of a…questionable thing,

Regardless, the chip was still implanted by Shaman Modifications.

Let’s hope  Amie has no reason to have buyers remorse in the near future!

Via Teslarati

Let’s block ads! (Why?)

Continue Reading

Business

Retired British Columbia fisherman wins $60-million lottery jackpot

Published

on

By

RICHMOND, B.C. — A retired fisherman from Richmond, B.C., has reeled in the catch of a lifetime — a $60-million lottery haul.

The B.C. Lottery Corp. says Joseph Katalinic matched all seven numbers in last month’s Lotto Max draw to win the largest lottery prize in the province’s history.

It says in a release there have previously been three $50-million winners in the province.

Katalinic retired as a commercial fisherman 20 years ago and told the lottery corporation he now plans to “live like a king.”

Let’s block ads! (Why?)

Continue Reading

Business

U.S. central bank was split on rate cut decision

Published

on

By

Federal Reserve officials were widely divided at their meeting last month when they decided to cut rates for the first time in a decade, with some arguing for a bigger rate cut while others insisted the Fed should not cut rates at all.

The minutes of the July 30-31 discussions released Wednesday show two officials believed the Fed should cut its benchmark policy rate by a half-percentage point, double the quarter-point reduction the central bank eventually agreed upon. On the other end, some Fed officials argued for no rate cut at all, believing that the economy was beginning to improve after a soft patch in the spring.

The minutes did not indicate any consensus on the pace of future cuts.

Financial markets have been turbulent since the July 31 rate cut, diving 800 points one day last week on the Dow Jones Industrial Average, as bad news has piled up in terms of the slowing global economy and the latest developments in President Donald Trump’s trade war with China.

Because of these developments, investors have become convinced the central bank will follow up the July rate cut with further cuts at coming meetings. But private economists are not so sure, believing the Fed may want to save some of its rate cut ammunition should the economy take a serious turn for the worse with the possibility of a recession.

The minutes provided little clarity on what the future course for rates will be, but markets are hoping that Fed Chairman Jerome Powell may send a stronger signal about future rate hikes when he delivers the keynote address at the Fed’s annual policy conference at Jackson Hole, Wyoming, on Friday.

“There is little sign that the Fed is willing to push back on the markets,” said Michael Pearce, senior economist at Capital Economics. “As such, another (quarter-point) cut in September still looks like a good bet, if only because the Fed will not want to disappoint lofty market expectations.”

The two Fed officials who argued for a bigger rate cut “favoured a stronger action to better address the stubbornly low inflation rates of the past several years,” the minutes said.

The July action was approved on an 8-2 vote with Esther George, president of the Fed’s Kansas City regional bank, and Eric Rosengren, president of the Boston Fed, dissenting and arguing that they favoured no rate cut at all.

The minutes said the majority view supported a quarter-point cut, viewing it as a “mid-cycle adjustment,” a phrase Powell used in his press conference that caused an adverse market reaction by investors hoping the July cut will be the first in a series of rate reductions.

The minutes highlighted three main reasons for the cut, including recent signs of deceleration of the economy and concerns about persistently low inflation. Officials also believed a rate cut would be a “prudent step from a risk-management perspective.”

The minutes said the Fed was worried about a slowdown in business investment and the global headwinds that are affecting Europe, Japan and other regions.

“Participants were mindful that trade tensions were far from settled and that trade uncertainties could intensify again,” the minutes said.

On Aug. 1, the day after the Fed’s rate cut, Trump announced that he would impose 10 per cent tariffs on $300 billion in Chinese imports in an effort to force the Chinese to make more trade concessions at the bargaining table. Since that announcement, Trump has said he would postpone about half of those tariffs until Dec. 15 to avoid hurting American consumers during the holiday shopping season.

But economists are warning that the tariffs already imposed will likely slow U.S. growth in coming quarters.

Let’s block ads! (Why?)

Continue Reading

Business

RBC mixed third quarter; Pembina acquires Kinder Morgan Canada

Published

on

By

RBC’s mixed results set a cautiously optimistic tone as third-quarter earning season begins for Canadian banks: Royal Bank of Canada leaned on its retail-banking and wealth-management divisions to boost third-quarter profit and overcome a weak spell in capital markets, setting a cautiously optimistic tone as earnings season for Canada’s big banks begins. Canada’s largest bank by assets is the first major lender to report fiscal third-quarter results, and its performance was mixed. Story (James Bradshaw)

CEO of RBC Capital Markets announces retirement, discusses outlook for division: On Doug McGregor’s 11-year watch as chief executive, RBC Capital Markets grew from a regional player into a leading global investment bank, navigating storms that swept away far larger institutions. Story (Andrew Willis)

Ontario Teachers’ Pension Plan first half results show move toward fixed income: Ontario Teachers’ Pension Plan made a strong shift to bonds in the first half of the year and benefited from robust returns in fixed income. The pension plan said it posted an overall 6.3 per cent return in the first half of 2019 and closed the quarter with a portfolio of $198.5-billion. Fixed income led the returns, Teachers said. Story (David Milstead)

Manulife tripled CannTrust holdings before licence scandal, SEC records show: Manulife Asset Management jacked up its holdings of CannTrust Holdings Inc. stock in the second quarter – just in time for the company’s surprise disclosure that it was growing cannabis without a licence. Story (David Milstead)

Toronto fintech Drop sees $44-million in latest funding round: Royal Bank of Canada is backing an upstart loyalty-management program geared at millennials called Drop Technologies Inc. as part of a US$44-million venture-capital financing. Story (Sean Silcoff)

DEALS NEWS: MERGERS, ACQUISITIONS, IPOs and FINANCINGS

Pembina to acquire Kinder Morgan Canada and other assets in $4.35-billion deal: Pembina Pipeline Corp. is buying Kinder Morgan Canada Ltd. and the U.S. portion of a key condensate pipeline for $4.35-billion, a deal that will bolster its position in the high-demand oil storage and transport business. For Houston-based Kinder Morgan Inc., the sale marks its exit from Canada after it sold its largest asset – the Trans Mountain oil pipeline – to Ottawa last year for $4.4-billion. It follows a formal process to seek buyers for the majority-owned Canadian operation that ended in the spring after failing to attract acceptable proposals. Story

Alibaba postpones up to $15-billion Hong Kong listing amid protests: sources: China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15-billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. Story (Reuters)

IN CASE YOU MISSED IT

For Canadian bank stocks, ‘the risk/reward equation is not stacking up attractively’: Merrill Lynch bank analyst Ebrahim Poonawala has turned more cautious on Canadian banks ahead of upcoming profit reports. Story (Scott Barlow)

Let’s block ads! (Why?)

Continue Reading

Trending