Featured|Tech

Roku stumbles as analyst initiations begin

The first two analysts to release initiations on the stock rate it at hold. More notes expected through week.   (FinancialPress) — Roku Inc. (ROKU) finished Monday‘s session with its lowest stock pricing since its initial offering on September – partly due to the beginning of influx of analyst initiations for the stock, now that the unwritten post-IPO waiting period is over. Shares for the streaming company fell 6.9%, reaching $20.37 by closing time. The previous closing low had been of $20.81 on Oct. 3. Roku priced its IPO stocks at $14 each upon release, and boomed all the way up to $23.50 within their arrival. The decline it experienced on Monday came after research for the public company newcomer was released by two analysts. With no price target set, Oppenheimer gave the stock a...

Tesla setting up fully-owned China Plant

(FinancialPress) — Asian trading saw a surge in auto-part supplier stocks as soon as the WSJ reported that Elon Musk‘s Tesla Inc. (TSLA) has finalized a deal with the Chinese government to build a 100%-owned manufacturing plant. It will be located in Shanghai‘s free-trade zone. Guo Lei, an official of Shanghai’s Economy and Information Technology Commission who leads new-energy vehicle projects, stated on Monday “As far as I know, there is no such agreement“. As a response, Palo Alto‘s Tesla stated that it was still working with the government to explore local manufacturing. Back in June, anonymous sources close to the fact reported that Tesla had signed a preliminary agreement to manufacture vehicles with the local government. When contacted for comment on Monday, two of those...

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 investors. The gloomy sentiment was bolstered by a series of weak corporate earnings reports. “Apple has its impact across the board. The marketing plan here was not a lot to be desired, considering you have two phones and the next one is just two weeks away from release. If it’s going to be a significant upgrade, it did not make any sense to me.” -Phil Blancato, head of Ladenburg...

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 officials believe that the benefits showcased in it will go a long way in persuading the company towards bringing the $4 billion investment home. The team that put together the Calgary bid is confident in what was presented, even within a shark tank of competition. At least 60 other cities have made or are preparing bids for the tech company to bring up to 50,000 jobs to their city. The Calgary pit...

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 presidential election. Sean Knox – @smk “Ban Russian bots” projecting on Twitter HQ right now https://t.co/musk8g085y https://twitter.com/smk/status/917959326093926405 Twitter made a conscious effort to maintain its platform bot-friendly, given how advertisers can use them to efficiently promote advertisements and respond to user complaints. The number of bots in the user base ra...

NVIDIA is overhauling the self-driving car industry — again

(FinancialPress) — One of 2017‘s Wall Street superstars, chipmaker NVIDIA (NVDA), has unveiled a new generation of computer chips with the capacity of operating fully autonomous self-driving vehicles. 25 clients have jumped onboard for development of the new wave of driverless cars, which also includes robotaxis and long-haul trucks. Among the vanguard of 25 companies, the standouts are ZF – a top automotive parts supplier, and the world’s largest mail and logistics company: DHL Group (Deutsche Post – DPW.SW). As per NVIDIA, the plan is to release the first fleet of autonomous delivery trucks running on the new technology by 2019. Codenamed Pegasus, NVIDIA’s third-gen automotive line Drive PX is a multi-chip platform with datacenter-level processing capacity. The device i...