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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...

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 distinctive coloring and brand. In turn, this forces Fimco Inc. – a South Dakota agricultural sprayer manufacturer, from manufacturing their products in green and yellow. The trial took place over a single week, back in June of 2017. Deere‘s argument was that Fimco‘s use of the aforementioned hues on their Ag Spray Equipment brand products made consumers confused about their origin, and also harmed t...

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 with consensus expectations, they also warn that the guidance could be underwhelming – and are not seeing any signs that lean them towards changing their Neutral rating: “Our thesis remains unchanged – we acknowledge the upgrade cycle opportunity, but we continue to see near-term volatility to shipment estimates as the X ramp is delayed, thereby contributing to supply shortages. In add...

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 now is this sort of euphoria around stocks that’s been missing for this entire bull market.” The lack of investor participation in the ongoing run, which began back in 2009, has gotten it labeled as “the most hated bull market in history“. However, Subramanian feels like a change in the tone is looming. More and more, pro investors are moving their cash over to equities, while investor...

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 product line will be called the Intel Nervana Neural Network Processor family – or NNP. The main orientation for the NNP family is to cover the demanding needs of machine learning. It will be geared not towards PCs, but rather to data centers. While server stacks are still predominantly formed by Intel CPUs (it‘s estimated that they enjoy a 96% share in the data center market), AI workloads ...

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 banks to analyze the viability of listing the Asian business in the Hong Kong Stock Exchange, according to sources. Reaching a deal could mean netting a value as high as $2 billion. Sources requested to remain anonymous since the information is very much classified still. Toys ‘R’ Us and a series of its North American subsidiaries were forced to file for bankruptcy in September. Their Asi...

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 28GHz millimeter wave one. The company also announced their first 5G smartphone reference design. The device will be key to test other 5G devices in development such as radios, modems and networks, with smartphone developers over the next couple of years. The tests will set the groundwork to release 5G-ready smartphones by the first half of 2019. The 9mm thick reference design also boasts an edge-...

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 2016, the current 237-day span holds the spot for the second-longest period with no single-session drop of such magnitude since the one that began way back in Jan. 26, 1995. That period, which is the current record holder, extended for an impressive 241 days and concluded in Jan. 9, 1996. The data was shared by Pension Partners’ Charles Bilello (chart below). By extending the streak of sessions closi...

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 January, but has recently experienced newfound attention. While the information logged – which includes locking and unlocking habits, apps opening, usage and closing, and wi-fi networks joined – seems pretty standard, it has a problematic tone to it, as all information is transmitted along with the phone‘s IMEI and phone numbers, as well as the name of the network being used. This makes ...

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...

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 them up and turn them right back into the market, either to right out sell or rent them for many years before doing so, making their investment much more profitable. As for the tried-and-tested formula? Precedents of similar situations are not scarce. The 1970s crisis in New York, which saw the city almost sink into bankruptcy, made way for investors to snag co-op and office towers. Once the city...

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