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American Dream mega-mall announces opening date

American Dream mega-mall announces opening date

The American Dream mega-mall will open October 25, according to an announcement from developer Triple Five. The entertainment and shopping complex -- located at the Route 3-New Jersey Turnpike interchange in East Rutherford -- will open its doors on a Friday in the fall after many delays. "We know that the community has been eagerly awaiting the launch of this incredible global destination” said Don Ghermezian, President of American Dream. “We have a one‐of‐a‐kind property that will reshape the way people think about entertainment, theme parks and shopping.” The Ghermezian family operates Triple Five Group, which also owns The Mall of America in Minnesota -- currently the largest mall in the country. When American Dream opens, it will be the largest mall in America at roughly 3 million square feet.
Amazon Alexa keeps your data with no expiration date, and shares it too

Amazon Alexa keeps your data with no expiration date, and shares it too

If you have hangups about Amazon and privacy on its smart assistant, Alexa, you're not alone. Even after Amazon sent answers to a US senator who had questions about how the tech giant retains voice data and transcripts, the lawmaker remains concerned about Alexa's privacy practices. Sen. Chris Coons, a Democrat from Delaware, sent a letter to Amazon CEO Jeff Bezos in May, demanding answers on Alexa and how long it kept voice recordings and transcripts, as well as what the data gets used for. The letter came after CNET's report that Amazon kept transcripts of interactions with Alexa, even after people deleted the voice recordings. 
HP, Dell and Microsoft look to join electronics exodus from China

HP, Dell and Microsoft look to join electronics exodus from China

TAIPEI/HONG KONG/CHONGQING -- Global consumer electronics makers HP, Dell, Microsoft and Amazon are all looking to shift substantial production capacity out of China, joining a growing exodus that threatens to undermine the country's position as the world's powerhouse for tech gadgets. HP and Dell, the world's No. 1 and No. 3 personal computer makers who together command around 40% of the global market, are planning to reallocate up to 30% of their notebook production out of China, several sources told the Nikkei Asian Review. Microsoft, Google, Amazon, Sony and Nintendo are also looking at moving some of their game console and smart speaker manufacturing out of the country, multiple sources told the Nikkei Asian Review. Other leading PC makers such as Lenovo Group, Acer and Asustek Computer are also evaluating plans to shift, according to people familiar with the matter.
RealWear raises $80 million for AR headset for connected workers

RealWear raises $80 million for AR headset for connected workers

RealWear has raised $80 million for its augmented reality headset and platform for connected workers. The company will use the funds, which are a combination of equity and debt, to continue market expansion and accelerate its platform development. RealWear’s funding and loans were led by industrial automation firm Teradyne, with additional money from Bose Ventures, Qualcomm Ventures, Kopin, and JPMorgan Chase. From its inception, RealWear has focused on products, like the HMT-1 headset, that are specifically designed to improve job satisfaction, productivity, and safety for the connected enterprise workforce.
Tim Cook disputes 'absurd' reports about Jony Ive's departure from Apple

Tim Cook disputes 'absurd' reports about Jony Ive's departure from Apple

Apple Chief Executive Tim Cook on Monday fiercely disputed a report about the departure of design chief Jony Ive and the company's ability to uphold its commitment to innovative design. In a rare, scathing statement sent exclusively to NBC News, Cook took issue with a report published Sunday night by The Wall Street Journal that said Ive had grown frustrated with Cook’s leadership and alleged lack of interest in the design production process. Cook said the report does not match reality and fails to understand how Apple's design team actually works.
Big home, big deal: The Manor in Holmby Hills sets an L.A. County price record at $119.75 million

Big home, big deal: The Manor in Holmby Hills sets an L.A. County price record at $119.75 million

Los Angeles’ ailing luxury real estate market just received a shot in the arm: The Manor, a 56,500-square-foot chateau in Holmby Hills, has sold for $119.75 million — the highest home price in Los Angeles County history. The astronomical sale closed Tuesday, according to the Multiple Listing Service. It represents another notch in the belt for the county, which saw its price record shattered last year by the $110-million deal for Hard Rock Cafe co-founder Peter Morton’s Malibu beach house.
The Cannabis Equity Con

The Cannabis Equity Con

On June 25, Illinois became the 11th state to legalize marijuana. Governor J.B. Pritzker claims what really sets Illinois’s law apart is that it is the “most equity-centric” legalization law yet. According to Democratic state Representative Jehan Gordon-Booth, this means that “the communities that have suffered through the war on drugs will now have an opportunity to enter a new market and be successful.” This vision of equity, though, is based on a deeply flawed understanding of what a mature legal marijuana market will look like.
Self-Proclaimed Bitcoin Inventor Says Fortune Inaccessible

Self-Proclaimed Bitcoin Inventor Says Fortune Inaccessible

Craig Wright, the Australian scientist who claims he created Bitcoin, said at a federal court hearing in West Palm Beach, Florida, that he can’t comply with an order to produce a list of all his early Bitcoin addresses, and may not even be ever able to access the coins. Wright is defending himself against charges that he stole Bitcoins and intellectual property worth billions from a late business partner. The case could potentially help shed light on whether he really is Satoshi Nakamoto -- something that many in the cryptocurrency community doubt.
Trump officials weigh encryption crackdown

Trump officials weigh encryption crackdown

Senior Trump administration officials met on Wednesday to discuss whether to seek legislation prohibiting tech companies from using forms of encryption that law enforcement can’t break — a provocative step that would reopen a long-running feud between federal authorities and Silicon Valley. The encryption challenge, which the government calls “going dark,” was the focus of a National Security Council meeting Wednesday morning that included the No. 2 officials from several key agencies, according to three people familiar with the matter. Senior officials debated whether to ask Congress to effectively outlaw end-to-end encryption, which scrambles data so that only its sender and recipient can read it, these people told POLITICO.
Bitcoin plunges $3,000 in less than 24 hours, showing its volatility once again

Bitcoin plunges $3,000 in less than 24 hours, showing its volatility once again

Bitcoin cratered Thursday, living up to its volatile reputation after hitting a 17-month high a day earlier. The world’s most widely traded cryptocurrency dropped to a low of $10,373.75 Thursday afternoon — a roughly $3,000 drop from where it was trading Wednesday. Bitcoin had rallied to a high of $13,485.85 Wednesday afternoon, its highest price since January 2018, according to industry site CoinDesk. It then fell sharply after U.S. markets closed. The cryptocurrency was trading around $10,823 by 3:30 p.m. ET.  The steep decline came at the same time as an outage on popular cryptocurrency trading platform Coinbase. A Coinbase spokesperson told CNBC the site was down “for a short period of time due to high volume.”
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