Minggu, 09 Februari 2020

Kuo details coronavirus impact on iPhone 9 and iPhone 12 production, Foxconn uncertainty - 9to5Mac

Local Chinese authorities are refuting a report from yesterday, which said that they had told Foxconn it that could not open its iPhone production factories on February 10 like previously scheduled. Reuters reports today that Shenzhen authorities are still conducting checks and have yet to make a final decision. Reliable Apple analyst Ming-Chi Kuo is also out today with a new investor note detailing the effect of coronavirus on Apple’s production.

Yesterday’s report came from Nikkei and claimed that public health experts had conducted inspections at Foxconn factories, determining that there was a “high risk of coronavirus infection” at the facilities. This made the facilities unsuitable for a production restart, the report claimed.

In a statement posted to WeChat today, however, Shenzhen’s Longhua district explained that the Nikkei report is untrue and that no final decision has been made. According to the statement, public health experts are still conducting checks at Foxconn facilities. Once each facility is cleared, the company will be able to restart production.

The thousands of workers that work in Foxconn’s factories will need to wear masks, undergo temperature checks, and adhere to a dining system considered safe, it said in the statement. “We will announce to the public the company’s production resumption situation in a timely manner,” it added.

Foxconn, however, appears to be banking on local authorities giving it the go-ahead to resume production. Reuters cites a “source familiar with the matter” and says that “tens of thousands of workers” have already returned to the area and are waiting to restart production work on February 10.

In a statement this morning, Foxconn reiterated that it is waiting to receive recommendations from local authorities before moving ahead. “We have not received any requests from our customers on the need to resume production earlier (than the local governments’ recommendations),” the company told Reuters.

If the halt extends into a second week, Foxconn could see a “big” production impact, according to Reuters, which would also affect Apple. For its part, Apple has said that its “first priority is the well-being of our teams, supplier partners and customers across China.” Apple Stores in China are currently scheduled to reopen on February 15.

Meanwhile, reliable Apple analyst Ming-Chi Kuo is out with a new investor note today. Kuo says that Foxconn’s Zhengzhou plant is the most critical iPhone production site, focused on the iPhone 11 and iPhone SE 2/iPhone 9. This plant was scheduled to resume work on February 2nd, but has since been delayed by at least one week.

The Shenzhen Foxconn plant is in charge of development of the 2020 iPhones, and Kuo says the development team did not stop work for the Chinese New Year holidays. The rest of the plant was scheduled to come back on February 10, but Kuo says that has been posted for at least another week.

Meanwhile, Pegatron’s Shanghai plant, which is in charge of iPhone 11 production and new 2020 iPhone development, resumed work on February 3. Pegatron’s Kushan plant is in charge of iPhone 9 production and was scheduled to resume work on February 10, but that has been delayed by “at least several days.”

Kuo stops short of making any actual shipment predictions in this investor note because “there are still many uncertainties.” He does warn, however, that there are risks of new product shipment delays and lower-than-expected iPhone sales due to the coronavirus outbreak.

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2020-02-09 17:40:00Z
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British Airways may have set record for fastest subsonic flight from New York to London - Fox News

If only all flights across the Atlantic could go this fast.

Favorable weather conditions may have helped British Airways set a new world record. One of their flights flew from New York to London in under five hours, possibly making it the fastest flight of its kind.

British Airways confirmed to Fox News that their flight BA112, which was scheduled to land in London at 6:25 a.m., actually landed at 4:43 a.m. They also confirmed the total flight was estimated to be 4-hours-and-56-minutes long.

If this is accurate, it could make the trip a world record for the fast subsonic flight from New York to London.

BRITISH AIRWAYS SUSPENDS ALL FLIGHTS TO CHINA AMID CORONAVIRUS FEARS

Weather conditions likely played a role in the flight’s increased speed. According to Weather.com, the jet stream saw winds greater than 200 mph. this weekend. As the flights travel at the same level as the jet stream (about 30,000 feet in the air), this could have helped shave time off the flight, which typically takes 6 hours and 13 minutes to complete.

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The news outlet reports that some commercial flights were recorded as traveling at speeds of over 800 m.p.h. through the jet stream this weekend.

In a statement obtained by Fox News, a spokesperson for British Airways said, “We always prioritize safety over speed records, but our highly trained pilots made the most of the conditions to get customers back to London well ahead of time.”

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According to Weather.com, the overall fastest flight from New York to London was achieved by the Concorde, which made the trip in two hours and 52 minutes in 1996, although that plane was a supersonic aircraft.

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2020-02-09 17:39:49Z
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Here are some absurd facts about pizza on National Pizza Day - CNN

(CNN) — The time has come to wrap yourself in the warm, gooey embrace of cheese, settle into a heavenly array of toppings, and chomp down on some comforting crust. It's National Pizza Day.

Now, that's not to be confused with National Cheese Pizza Day (September 5), National Pepperoni Pizza Day (September 20), National Pizza Month (October) and National Sausage Pizza Day (October 11), but boy, does this nation love pizza.

Here are some absurd pizza facts to fuel your month of munching.

It might be addictive

The seemingly harmful pizza pie was ranked as the food most associated with addictive-like eating behaviors, according to a study. Its delicious combination of fat and carbohydrates, along with its texture, color, and complimentary taste profile make it so appealing.

Artificial Intelligence is coming for your slice

Pizza is just the beginning, though. If a computer can figure out how to properly layer the ingredients of a pizza, it may be able to better understand how to construct other foods, or eventually be able to layer clothes into an outfit, project leader Dimitrios Papadopoulos told CNN Business.

Pizza has been a tool of military intelligence

In the late '60s, the US Army's 113th Military Intelligence unit used the tastiest trick in their book -- fake pizza deliveries -- to spy on reporters and politicians, according to The New Yorker.

People love setting pizza records

Guinness World Records has recorded an seemingly endless list of pizza records. Here are just a few:

Most expensive pizza commercially available: Topped with white Stilton cheese, French foie gras and truffles, two types of caviar, and 24-karat gold leaves, all on a bed of black squid ink dough, this pizza will cost you $2,700. If you're in the market for a pile of money in the shape of a pizza, this delicacy can be found at Industry Kitchen in New York.
Highest altitude pizza delivery on land: Good news! If you can make it to the top of Mount Kilimanjaro in Tanzania, you might be able to convince Pizza Hut to deliver a victory meal to you. They've done it before, after all.
In 2016, the General Manager of Pizza Hut Africa, Randall Blackford, and a group of employees, led by experienced guides, trekked to the summit of Kilimanjaro with a pepperoni pizza in tow.

The feat was undertaken to mark the opening of the first Pizza Hut in Tanzania and the 100th country in which the company had launched a restaurant.

A version of this piece appeared in October 2019 for National Pizza Month

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2020-02-09 17:02:40Z
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Everywhere You Can Get Free & Cheap Pizza for National Pizza Day - Thrillist

Food & Drink

Everywhere You Can Get Free & Cheap Pizza for National Pizza Day

Updated On 02/09/2020 at 10:04AM EST Updated On 02/09/2020 at 10:04AM EST
National Pizza Day deals
Courtesy of PizzaRev
national pizza day food deals
Courtesy of Mountain Mike's Pizza

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2020-02-09 15:04:00Z
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Amazon CEO Jeff Bezos finds new ways to spend money - Quartz

From our Obsession

Looking at Big Tech as the next Big Oil.

Asked nearly two years ago what he might do with his considerable wealth, the world’s richest person Jeff Bezos said “space travel” was his only option.

“The only way that I can see to deploy this much financial resource is by converting my Amazon winnings into space travel,” the Amazon founder said, adding that he was “liquidating” about $1 billion a year in Amazon stock to fund his space business, Blue Origin. “That is basically it.”

But space travel might not be enough for Bezos these days. Over the past week, he unloaded roughly $4 billion of stock as Amazon’s market cap closed above $1 trillion for the first time, Bloomberg reported. That brings Bezos’s total stock sales to more than $14 billion, mostly over the past four years. His net worth is estimated at $127 billion, or roughly 2 million times the median US household income.

What to do with all that wealth? Even with $1 billion or so into Blue Origin a year, Bezos is still positively swimming in cash. So the ultimate billionaire is figuring out new ways to deploy some of those financial resources.

For instance, property. Bezos and girlfriend Lauren Sanchez are reportedly mega-mansion hunting in Bel Air and Beverly Hills, and considering a 40,000-sq-ft property listed for $225 million. Last year, Bezos bought three condos in Manhattan for a combined $80 million a few months after Amazon backed out of its deal for a second headquarters with New York City.

Also, art. According to an art dealer’s newsletter, Bezos bought two works of art last November: Hurting the Word Radio #2 by Ed Ruscha at Christie’s for $52.5 million and Vignette 19 by Kerry James Marshall at Sotheby’s for $18.5 million.

Of course, with the stock he liquified just last week, Bezos could invest $1 billion into Blue Origin for the year, buy four $225 million mega-mansions, 20 more works of art averaging $50 million each, and still have more than $1 billion to spare. How else could a man so rich possibly convert those Amazon winnings? Certainly not philanthropy.

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2020-02-09 14:55:00Z
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2 Ways to Get Out of Paying Taxes on Your Social Security Benefits - The Motley Fool

Taxes are an unpleasant -- but essential -- part of life. And unfortunately, you won't be able to escape them even in retirement.

Not only could you be faced with income taxes if your savings are stashed in a 401(k) or traditional IRA, but you may also have to pay taxes on your Social Security benefits. Considering half of baby boomers expect their benefits to make up the majority of their income in retirement, according to a survey from American Advisors Group, taxes could put a serious damper on your senior years.

However, if you're strategic about it, you may be able to avoid taxes on your benefits altogether. Here's how.

Social Security cards and W-2 form

Image source: Getty Images.

1. Make sure your income is below the federal income limit

Your benefits may be subject to both federal and state taxes, and the amount you pay in federal taxes (if you owe them at all) depends on how much you're earning.

To determine whether you owe federal taxes on your benefits, you'll need to know what's called your "combined income" -- which consists of your adjusted gross income, your nontaxable interest, and half of your annual Social Security benefit amount. So, for example, if you're receiving $20,000 per year in benefits and withdrawing $30,000 per year from your 401(k), your annual combined income would be $10,000 + $30,000, or $40,000.

The good news is no matter how much you're earning, you won't have to pay federal taxes on 100% of your benefit amount. But you may face taxes on up to 85% of your benefits if you're earning above a certain limit:

Percentage of Your Benefits Taxed Combined Income for Individuals Combined Income for Married Couples Filing Jointly
0% Less than $25,000 per year Less than $32,000 per year
Up to 50% $25,000 to $34,000 per year $32,000 to $44,000 per year
Up to 85% More than $34,000 per year More than $44,000 per year

Data source: Social Security Administration.

The only way to get out of paying federal taxes entirely is if you're earning less than $25,000 per year (or $32,000 per year for married couples) in combined income. For most people, it's not worth intentionally keeping your income that low just to avoid paying taxes on it.

However, there is one caveat: Qualified Roth IRA withdrawals generally don't count toward your combined income. That means if you're strategic about your retirement withdrawals, you can earn more than the income limit while still avoiding taxes. It's also a good incentive to start saving in a Roth IRA now, because it can help you get out of paying income taxes and Social Security taxes in retirement.

2. Move to a state that doesn't tax benefits

Regardless of whether you owe federal taxes on your benefits, you may be able to get out of paying state taxes depending on where you live. Not all states have a Social Security tax, and the states that currently do not tax benefits include:

Alabama Illinois Nevada South Dakota
Alaska Indiana New Hampshire Tennessee
Arizona Iowa New Jersey Texas
Arkansas Kentucky New York Virginia
California Louisiana North Carolina Washington
Colorado Maine Ohio Wisconsin
Florida Maryland Oklahoma Wyoming
Georgia Massachusetts Oregon  
Hawaii Michigan Pennsylvania  
Idaho Mississippi South Carolina  

Also, West Virginia will be added to the list in the near future. As a result of a bill that passed in early 2019, taxpayers will be able to avoid paying taxes on 100% of their Social Security benefits by 2022 -- good news for soon-to-be retirees in the state.

Retirees in Illinois, however, should keep an eye out for changes in their tax laws. Although Social Security benefits currently aren't taxed at the state level, there's a chance that may change. Because the state is struggling financially, some lawmakers are considering taxing benefits to bring in extra income. That may or may not happen, but if you're planning on retiring in Illinois, it's a good idea to consider how Social Security taxes could affect your retirement.

Looking at the big picture in retirement

Although lowering (or eliminating) taxes is a great way to stretch your retirement income, it's important to look at the big picture to see if there are other ways to maximize your money.

For example, if you currently live in a state that taxes benefits, you may consider moving to a different state to avoid handing over that cash to Uncle Sam. But before you start packing your bags, make sure you've considered your entire financial situation. If the overall cost of living is higher or you'll face other hefty taxes -- like sky-high property taxes -- in your new state, the Social Security tax break you receive may not be worth it.

Additionally, think about whether there are any other ways to reduce your taxes in retirement. Investing in a Roth IRA is one way, but you may also choose to invest in a health savings account (HSA). HSAs allow you to invest tax-deductible dollars, let that money grow over time, and then withdraw it tax-free as long as it goes toward medical costs. Since healthcare costs can be significant in retirement, saving money on taxes can help stretch your savings even further.

If Social Security benefits are going to be a significant source of income in retirement, it's crucial to maximize them the best you can. Saving money on taxes is one way to do that, but it's also important to be strategic about your entire retirement plan. By going into your senior years with a solid understanding of how taxes will affect your retirement income, you'll be more prepared for any challenges life throws your way.

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2020-02-09 13:02:00Z
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Coronavirus testing will keep a Royal Caribbean cruise ship's passengers in NJ until Monday, company says - Fox News

The Royal Caribbean cruise ship Anthem of the Seas, which has been docked in Bayonne, N.J., since Friday over coronavirus concerns, will remain there until Monday, company officials said Saturday.

That will allow enough time for all testing for the virus to be conducted and to obtain “conclusive results” before the ship moves on, a Royal Caribbean statement said.

Some 27 of the ship’s passengers had recently been in China, prompting a screening for the novel coronavirus after the ship arrived in New Jersey on Friday. Four of those passengers were subsequently sent to a hospital after at least one of them tested positive for the flu, NorthJersey.com reported Friday.

FOX NEWS' TODD PIRO REPORTS FROM NEW JERSEY AS CRUISE PASSENGERS ARRIVE TO BE TESTED FOR CORONAVIRUS

But on Saturday, New Jersey Gov. Phil Murphy issued a statement saying all four patients had tested negative for the novel coronavirus. Instead, three had a common version of the flu while a fourth person traveling with them showed no symptoms of illness, the governor’s statement said.

Twenty-three other patients who were cleared after screening for coronavirus were taken to nearby Newark Liberty International Airport for a flight back to China, NorthJersey.com reported.

According to Murphy, “New Jersey currently has no confirmed cases of novel coronavirus and the risk to residents remains low.”

On Friday, Royal Caribbean stopped accepting travelers from China, Hong Kong and Macau, or who had traveled through China or Hong Kong "in the past 15 days" or have had contact with someone who did, NorthJersey.com reported. The cruise line is also calling for health screenings for all guests with flu-like symptoms.

Crew member found dead

Separately, a crew member of the Anthem of the Seas -- the ship docked in Bayonne -- was found dead aboard the ship last week but officials said the death was not suspicious and was unrelated to coronavirus, New 12 New Jersey reported.

The latest figures reported by global health authorities show 12 confirmed cases of the coronavirus in the U.S., with one American having died while in China.

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China remains the epicenter for coronavirus, with 811 deaths and 37,918 confirmed cases on the mainland.

Europe has seen 38 infections across nine countries, including 14 in Germany, The Associated Press reported.

The Associated Press contributed to this story.

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2020-02-09 11:24:06Z
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