Summer Camp for the Ultra-Wealthy Teaches Kids How to Stay Rich

Summer Camp for the Ultra-Wealthy Teaches Kids How to Stay Rich

Attendees at Next Gen functions hosted by the likes of UBS, Citi Private Bank, and Credit Suisse will one day rank among the world’s most sought-after clients.

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T-Mobile signs $3.5 billion deal with Nokia for 5G technology

T-Mobile signs $3.5 billion deal with Nokia for 5G technology

T-Mobile and Nokia have announced a $3.5 billion deal that will see Nokia provide T-Mobile with “complete end-to-end 5G technology, software, and services” as the carrier continues to build out its 5G infrastructure. “We are all in on 5G,” commented T-Mobile’s chief technology officer Neville Ray in the announcement. Nokia will help build T-Mobile’s 5G network on both the 600 MHz and 28 GHz millimeter wave portions of the spectrum, in accordance with the 3GPP’s 5G New Radio (NR) standards.

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US economy growing at annual rate of 4.1%, fastest pace in four years

US economy growing at annual rate of 4.1%, fastest pace in four years

The US economy roared ahead in the second quarter of 2018, growing at an annual rate of 4.1%, its fastest pace in four years, the commerce department announced on Friday. The growth will be a major boon for the Trump administration, which pushed through $1.5tn in tax cuts at the start of the year with a promise that they would be paid for by economic growth.

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Tech companies can bid on the Pentagon’s $10 billion cloud contract, starting today

Tech companies can bid on the Pentagon’s $10 billion cloud contract, starting today

On Thursday, the Pentagon opened bidding for a huge cloud computing contract that could be worth as much as $10 billion. Given its size, the Joint Enterprise Defense Infrastructure contract, known as JEDI, is alluring for major cloud computing companies that might not normally do much business with the Department of Defense. Announced in March, JEDI is structured as a winner-take-all contract with a potential 10-year term, though the Pentagon clarified that the original award will span just the first two years, so all 10 years aren’t set in stone up front.

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Apple wins a Design Patent for ‘AirPower’ prior to its Launch

Apple wins a Design Patent for 'AirPower' prior to its Launch

Last month Patently Apple posted a report titled "Apple Announcing AirPower too ahead of time was a Mistake." The report covered a Bloomberg report attempting to explain the delay in delivering Apple's new inductive charging pad called 'AirPower.' Hopefully Apple will officially launch AirPower next month when they introduce their next generation of iPhones or at least have it ready for the holiday season. Our report today covers Apple being granted a design patent for AirPower in Hong Kong, China in addition to covering their ClassKit trademark filing in both the U.S. and Hong Kong.

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California Officials Say No To Marijuana-Infused Alcohol And Bars With Cannabis Consumption

California Officials Say No To Marijuana-Infused Alcohol And Bars With Cannabis Consumption

In case anyone didn’t already know it wasn’t allowed, California state regulators just put the kibosh on hopes for bars and pubs where people can consume both marijuana and alcohol. They also shot down the idea of producing beverages that blend the two substances together. For now—or at least until state law changes to specifically…

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Twitter shares drop 19 percent after reporting declining monthly active users

Twitter shares drop 19 percent after reporting declining monthly active users

Though Twitter experienced 24 percent year-over-year revenue growth and exceeded projections this quarter, the company projected lower than expected monthly active users. Monthly active users were down 1 million compared to last quarter.

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