Author: Ruben Maciel

Wall Street suffers setback because of Apple

(FinancialPress) – A negative sentiment in the market towards Apple‘s current marketing direction was materialized on Thursday‘s burse session, as shares experienced a 2.5% drop due to concerns over lacking demand for the iPhone 8. It had been 2 months since stock for the company had experienced a day as bad as yesterday. Their double iPhone launch strategy for 2017 is raising doubts among i...

Calgary courting Amazon like it‘s the ‘30s

(FinancialPress) — Calgary has shortlisted itself as one of the front runners for Amazon‘s new $5 billion second headquarters project. In the 42 days since the project was first announced by the tech giant, the city has developed a strong campaign to earn its graces. Thursday marked the official inauguration of the courtship process, as a 200-page bid package was hand-delivered by the city. City o...

John Deere scores courthouse win over distinctive colors

(FinancialPress) — After an expedited trial, a Kentucky court rolled out a 107-page ruling explaining its decision to ban any farm-machinery maker other than Deere & Co. (DE)  from manufacturing equipment with the green and yellow color combination. On Tuesday, the U.S. District Court in Paducah found in favor of Deere in a lawsuit that was initiated as a way to protect the company‘s distincti...

Is Apple poised to disappoint?

(FinancialPress) — Nov. 2 marks the next quarterly earnings report day for Apple (AAPL) – and the popular stock is polarizing among analysts, even with shares trading very close to its 52-week high at the moment. On the darker end of the opinion spectrum, we can find Mizuho‘s Parthiv Varadarajan‘s and Abhey Lamba‘s. While they expect the Silicon Valley giant’s earnings to come in-line ...

Market Euphoria “how bull markets end“, says Bank of America strategist

The current market rally tends to be “how bull markets end“, as per Savita Subramanian of Merril Lynch. Savita Subramanian, an equity and quant strategist of Bank of America Merrill Lynch sees the current market rally as a sign of caution. As part of an interview given to CNBC on Tuesday, the Wall Street strategist stated “This is kind of how bull markets end…What we’re in right ...

Intel to release AI chip line to compete with Nvidia‘s GPUs

New line of chips will improve deep learning training times. (FinancialPress) — Intel may be a late-comer to the AI party – but after this announcement, no one can say that they‘re not arriving in style. The company is setting itself up to stomp on their market grounds with authority by announcing the release of a family of chips dedicatedly oriented towards artificial intelligence. The new ...

Toys ‘R’ Us looking for alternatives for $2B Asia operation

(FinancialPress) — While Toys ‘R’ Us‘ North American business is tanking, as evidenced by their bankruptcy filing earlier this year, the retailer sees its Asian operation blooming and is looking for ways to capitalize on that. Among various options being explored, The company and their local joint venture partners, the billionaire Fung brothers, have initiated talks with investment ban...

Qualcomm setting the stage to introduce 5G with tests and reference smartphone design

(FinancialPress) — Qualcomm (QCOM) announced that it has successfully completed its first test of 5G on a mobile device this Tuesday, setting a landmark in the long haul towards the implementation of the new technology. The device used for testing the network’s capabilities was the X50 5G modem — which had been announced a year ago. The frequency band in which the test was performed was the ...

S&P 500 poised to set record for calmest period – perhaps ever

(FinancialPress) — The broad-market benchmark, Standard and Poor‘s 500 Index, has been very quiet as of late. The thing is, just how quiet, and for how long, has flown completely under the radar for most onlookers. The S&P 500 is set to match and surpass the record for longest period of quiescence in history in just a few more short days. With no significant drops of over 3% since November 201...

OnePlus has been datamining its users – and it‘s worrisome

(FinancialPress) — Popular chinese phone manufacturer OnePlus finds itself under heavy scrutiny due to security concerns. A blog post by Chris Moore, a security researcher, demonstrates how their OxygenOS records and transmits data pertaining to user‘s usage habits in a way that makes it easy to correlate with the individuals who operate the devices. The blog entry was originally posted back in Ja...

Twitter gets plea to “Ban Russian Bots”

(FinancialPress) — On Wednesday, Twitter employees were welcomed to their workplace by a strange, yet familiar message – projected onto the side of the building, the words “Ban Russian Bots“ shone in bright, white letters. The company is struggling to explain how bots, which can be programmed to periodically send messages to their platform, may have been allowed to have influence over the 2016 US ...

Investors Looking to Cash In On post-Hurricane Homeowner Panic

(FinancialPress) — Wall Street is well known for being a place where investors make bold, risky moves when they smell blood in the water. The housing crisis generated by Hurricane Harvey is not the exception, as several deep pockets are gunning for big paydays through a tried-and-tested formula: when there is panic, buy. Those investors are looking to acquire damaged property for low prices to fix...

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