European Economics Preview: UK GDP, Industrial Output Data Due

Monthly GDP estimate, industrial production and foreign trade figures are due from the UK on Monday, headlining a light day for the European economic news.

At 1.00 am ET, Statistics Estonia publishes foreign trade data for April.

At 4.00 am ET, Italy’s Istat releases April industrial production data. Output had decreased 0.9 percent on month in March.

At 4.30 am ET, the Office for National Statistics publishes UK GDP and industrial output data. The economy is forecast to expand 0.4 percent in three months to April from the previous three months.

Economists forecast UK industrial output to fall 1 percent month-on-month in April, reversing a 0.7 percent rise in March. Meanwhile, construction output is expected to grow 0.5 percent, in contrast to a 1.9 percent drop a month ago.

The UK foreign trade data is also due at 4.30 am ET. The visible trade deficit is seen at GBP 13 billion in April compared to GBP 13.65 billion a month ago.

Block.one Launches Blockchain-based Social Media Platform Voice

Block.one, the developer of EOS blockchain protocol, rolled out a blockchain-based social media platform called Voice, to bring transparency to social media. Users can also earn Voice tokens if other users like their post and the post gains visibility, earning more with the popularity of the post.

The tokens generated on the platform can be used by the user to put their opinion on top and ensure their voice is heard. If someone else raises their Voice above the top users, they get their tokens back plus some extra Voice.

Voice expects to cultivate creation, sharing, discovery and promotion of content on social media platforms by real users, not bots and fake accounts. Users will directly benefit from their ideas and engagement on the platform.

Block.one’s Voice platform is built on the EOS Public Blockchain, which runs on the EOS protocol. The user, the contributor and the platform has the same rules, with no hidden algorithms, no invisible agenda’s and content pushing.

Compared to the traditional social media platforms, Voice will use a special authentication system to make sure every user on Voice is an actual person, with no robo-mobs or bot’s, no catfish and no burner accounts.

Netflix’s ‘GLOW’ Pins Geena Davis For Season Three

GLOW tells the fictional story of Ruth Wilder (Alison Brie), an out-of-work, struggling actress in 1980s Los Angeles who finds one last chance for stardom when she’s thrust into the glitter and spandex world of women’s wrestling.

The 10-episode third season bows on August 9. Flahive and Mensch are showrunners and executive producers, with EPs Tara Hermann and Jenji Kohan.

Famous New York City restaurateur says restaurant industry can't fill jobs

Vegetable cooking is on the rise: Union Square Hospitality Group founder

Union Square Hospitality Group founder Danny Meyer on the state of the U.S. economy, why he decided to take Shake Shack public and gives his take on artificial meat companies.

The restaurant industry has a very big shortage of workers, according to the New York City restaurateur behind Shake Shack and Union Square Hospitality Group.

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“I’ve never experienced in my career a tougher time than finding people who want to join the restaurant industry,” Danny Meyer, CEO of Union Square Hospitality Group, told FOX Business’ Maria Bartiromo, adding that “we’re finding them because people want to work but if the line of people used to be 50 people long, now it’s shorter.”

Despite this trend and the emergence of food delivery apps, Meyer said business is doing well and he’s bullish on the U.S. economy.

“We are in an economy right now, and I think we are also in a time in life where people want to buy experiences over things,” he said. “And so restaurants I think are really, really well placed right now.”

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Union Square Hospitality Group has won 28 James Beard awards.

May’s Mayhem Could Bring June Bounce for Small Caps

This article was originally published on ETFTrends.com.

Whether equities were large or small, the month of May wasn’t kind to either as the U.S.-China trade deal went under and capital markets were quick to react to the news. Small cap equities, in particular, saw a dip as investors favored large cap equities as a safe haven during the heavy bouts of volatility, […]

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Read more at ETFTrends.com >

Microsoft: New Xbox In 2020

Microsoft’s Project Scarlett for Xbox would support 8K gaming and would be available in market by 2020.

The new console will have 120 fps framerates and ray tracing. The new generation solid state drive or SSD, that would act as a virtual RAM, would enhance performance by 40 times and thus would increase loading time, power and performance. The new gadget will have high bandwidth GDDR6 memory.

The company said the new Xbox will be available on the cloud also.

Microsoft plans to preview Xbox One console that can stream games.

Xbox will market 60 games in Xbox E3 Briefing. They will also present curated games library for console and PC.

Starbucks launches reusable cups trial at UK airport

Starbucks and environmental charity Hubbub are launching a trial program to lend passengers at Britain's Gatwick Airport reusable cups while waiting for their flights in hopes of cutting down on waste.

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The one-month pilot program will give passengers at Britain's second-largest airport the option of borrowing the cup — rather than using a paper one — and disposing of it before getting on their flights at "Cup Check-In" points. Cups will then be washed and sterilized and returned to Starbucks for re-circulation.

Organizers hope to put 2,000 reusable Starbucks cups in circulation at the airport's South Terminal.

Hubbub CEO Trewin Restorick says people care about plastic waste but find "it's often hard to 'do the right thing' when travelling."

The trial will show whether consumers will accept such projects.

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This story has corrected the headline to say reusable, not disposable.