Thursday, 25 Apr 2024

OnDeck shares slide 22% after company says JPMorgan will stop originating loans on its platform next week

Watch Egyptian soldiers perform bizarre feats of strength in an intense sizzle reel

  • Egyptian troops put on some dazzling displays of martial prowess ahead the anniversary of the country’s 1952 revolution.
  • Visit Business Insider’s homepage for more stories.

When service members complain that a military career involves jumping through a lot of hoops, this probably isn’t what they had in mind.

Ahead of the anniversary of Egypt’s 1952 revolution, Egyptian Armed Forces spokesman Brig. Gen. Mohamed Samir Abdel Aziz Ghonim on July 22dropped a four-minute montage of Egyptian service members engaged in a series of intense exercises.

Most of the reel is standard military boosterism, with interviews with Egyptian service members and their families, some impressive weapons demonstrations, and a handful of appearances from current Egyptian President Abdel Fattah el-Sisi. But in between the pull-ups and drilling are some surprising (and likely useless) displays of martial virility.

Let’s take a gander, shall we?

Tactical flexing

Tactical fire jumping

Tactical gymnastics

Tactical LITERALLY JUMPING THROUGH HOOPS

Tactical bike riding?

Yeah, it’s a little weird! But it still beats the hell out ofGhana’s last military expo.

SEE ALSO:Watch Marines train with 'Squad X' — DARPA's team of autonomous robot battle buddies

Tesla to bring Netflix, YouTube streaming to its cars

Watch Netflix in your Tesla?

FBN’s Lauren Simonetti on Tesla CEO Elon Musk reporting that Tesla vehicles will soon be able to stream video from Netflix and YouTube.

Elon Musk revealed that Tesla drivers will “soon” be able to catch up on their favorite Netflix shows and watch YouTube videos.

Continue Reading Below

Musk, the billionaire who also leads SpaceX, took to Twitter over the weekend and announced that Tesla will eventually add video streaming on their in-car display.

“Ability to stream YouTube & Netflix when car is stopped coming to your Tesla soon! Has an amazingly immersive, cinematic feel due to the comfy seats & surround sound audio,” he said on Saturday.

The feature will only be available while the vehicle is at a stop as drivers are charging or waiting for a passenger.

Advertisement

Musk added Tesla owners could use the streaming feature in the car’s center screen when the vehicle is in motion once federal regulators approve fully autonomous driving.

“When full self-driving is approved by regulators, we will enable video while moving,” he said in the following tweet.

CLICK HERE TO GET THE FOX BUSINESS APP

Trump signs 9/11 victims’ compensation fund bill

WASHINGTON (AP) — President Donald Trump on Monday signed a bill ensuring that a victims’ compensation fund related to the Sept. 11 attacks never runs out of money.

Appearing in the Rose Garden with more than 60 first responders from the 2001 terrorist attacks, Trump sent into law an extension of the fund through 2092, essentially making it permanent.

“You inspire all of humanity,” Trump said of the “true American warriors” who rushed to help victims on the day of the attacks and searched for remains for months after.

He added that the nation has a “sacred obligation” to care for the responders and their families.

The $7.4 billion fund had been rapidly depleting, and administrators recently cut benefit payments by up to 70%.

Trump also stated on the attacks on the World Trade Center. “I was down there also, but I’m not considering myself a first responder.”

The bill passed Congress on a bipartisan basis, but only after delays by some Republicans exposed the legislative branch to withering criticism from activists including comedian Jon Stewart.

More than 40,000 people have applied to the fund, which covers illnesses potentially related to being at the World Trade Center site, the Pentagon or Shanksville, Pennsylvania, after the attacks.

It's wasn't just you — Slack suffered from an outage on Monday affecting thousands of users

  • Slack suffered from a partial outage for about an hour on Monday morning.
  • Slack initially reported issues at 10:54 a.m. ET and functionality was restored by 11:54 a.m.
  • The popular software is used to manage thousands of workplaces around the world.
  • Visit Business Insider’s homepage for more stories.

Monday was just a bit harder for thousands of workspaces that rely on Slack: The collaborative software platform reported issues for certain workspaces at 10:54 ET on July 29, and more than 2,000 usersreported issues with Slack via Downdetector between 10:50 and 11:15 a.m.

Slack confirmed the outage on its System Status page. The outage lasted for approximately an hour an Slack reported that functionality had been fully restored at 11:54 a.m.

Employees around the globe, including hundreds at Business Insider, rely on Slack to communicate, organize tasks, and share information. Downdetector’s live outage map showed a concentration of reports in the United States, but users in Japan and Europe also reported problems.

Read more: Slack, the newly-public chat app worth about $20 billion, has a hidden meaning behind its name

Slackcelebrated a $23 billion IPO in June, making many of the company’s top executives and investors billionaires.

OnDeck shares slide 22% after company says JPMorgan will stop originating loans on its platform next week

OnDeck Capital Inc. shares ONDK, -23.99% slid more than 22% Monday, after the online small business lender told analysts on its earnings call that JPMorgan Chase will no longer by originating new loans on the platform from next week. Chief Executive Noah Breslow said JPMorgan Chase had recently informed the company of the move, which follows a change in strategy at its business banking unit. "While disappointing, we appreciate that Chase recognized at a very early stage the opportunity to serve small businesses through online lending, and that our technology and platform were the right tools to support their efforts," Breslow said. In response to questions from analysts, he later conceded that OnDeck had to write down almost $1 million in Chase-specific technology, which is a headwind to earnings in the short term, but frees it up from legacy technology. The company posted net income of $4.3 million, or 5 cents a share, for the second quarter, down from $5.7 million, or 7 cents a share, in the year-earlier period. Adjusted per-share earnings came to 9 cents, below the 11 cents FactSet consensus. Revenue rose to $110 million from $95 million, matching the FactSet consensus. The company also said it has decided to pursue a banking charters. Shares have fallen 48% in 2019, while the S&P 500 SPX, -0.22% has gained 20%.

Related Posts