Huawei accuses U.S. of bullying, says working with Google to respond to ban. BRUSSELS (Reuters) - Chinese telecoms equipment maker Huawei called itself the victim of U.S. "bullying" on Tuesday and said it was working with Google to respond to trade restrictions imposed by Washington last week, a senior Huawei executive said. Reuters reported on Sunday that Alphabet Inc's Google suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, citing a source familiar with the matter. "They (Google) have zero motivation to block us. We are working closely with Google to find out how Huawei can handle the situation and the impact from the U.S. Department of Commerce decision," Abraham Liu, Huawei's representative to the EU institutions told Reuters.
CNBC21 May 2019, 19:26 GMT. Former Facebook security chief Alex Stamos said on Tuesday that Mark Zuckerberg should hire a new CEO and turn his focus to building products. "He needs to give up some of that power. If I was him, I would go hire a new CEO for the company." Stamos even offered a specific suggestion: Microsoft President Brad Smith. Stamos knows something about the issues plaguing the company — he was among the first people at Facebook to discover Russians were using the social network to interfere with the 2016 election. Since the departure in March of Chief Product Officer Chris Cox, Zuckerberg has been effectively acting as Facebook's product head, Stamos said, adding that he should keep his attention there and hand over the lead role.
In this week’s Tuesday Apple (NASDAQ:AAPL), the company unveiled a new MacBook Pro, it revealed that it bid to acquire Tesla six years ago and Health Canada has given the business approval to roll out an ECG app. Here’s what you should know as we head into Tuesday’s action:. Apple added that the new MacBook Pro offers a performance that is two times faster than a quad-core MacBook Pro, as well as 40% more performance than a 6-core MacBook Pro. Tesla Buyout Bid: Apple reportedly made a “serious bid” for Tesla around 2013 which would’ve cost the company roughly $240 per share, according to Craig Irwin, a senior analyst at investment firm Roth Capital Partners.
Microsoft MSFT on Tuesday said it's starting to release the first of two major Windows 10 updates for 2019 for all users. While Microsoft's growth is based around cloud products like Azure infrastructure and the Office 365 productivity suite, Windows remains a key portion of the business with over 1.5 billion users. Windows 10, across all its various versions, has amassed more than 800 million monthly active users since launching in 2015. The next update will likely hit in the second half of the year. A Windows Sandbox tool that allows users to run an app or script (off of their machine) to see if it's unsafe and could potentially corrupt their PC. For Linux users, there's a way to access files inside of Windows' File Explorer instead of having to open a separate window.
Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. Apple Inc. (NASDAQ:AAPL) is on watch after after Craig Irwin of Roth Capital Partners said on CNBC that Apple apparently had an informal bid feeler for Tesla at around $240 a share in 2013. Of the around 700-740 elite funds we track, 57 funds owned $3.24 billion of Biogen Inc. (NASDAQ:BIIB) on December 31, versus 56 funds and $3.43 billion respectively on September 30. While the bank is 'underperform' on Biogen, it is bullish on Amgen, Inc. (NASDAQ:AMGN). Diamondback Energy Inc (NASDAQ:FANG) is on watch after Bank of America added it to its 'US 1 list' and said that “Risk/reward hard to ignore as buyback kicks in; PO $170 While FANG share price has outperformed very recently (+3.5% over the past month versus -1.4% for S&P 500; -5.1% sector/IXE), we believe shares are poised to outperform as meaningful buyback kicks in.
Tesla reduces prices on Models S and X amid stock slump. DETROIT (AP) — Faced with a slumping stock price and questions about demand for its vehicles, Tesla has lowered the U.S. base prices of its two most expensive models. The company on Monday cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV. Tesla wouldn't say if slowing sales influenced the decision. But the company did say it periodically adjusts prices and available options like other car companies.
(Reuters) - Glencore Plc will supply cobalt feedstock to restart First Cobalt Corp's refinery in Canada, the companies said in a statement on Tuesday. Glencore's unit plans to provide feedstock for the refinery, which is expected to result in an annual production of about 2,000 to 2,500 tonnes per annum of cobalt in sulfate from the refinery. The First Cobalt refinery in Ontario, 600 km from the U.S. border, has the potential to produce either a cobalt sulfate for the lithium-ion battery market or cobalt metal for the North American industrial and military applications. Glencore said it will also evaluate providing a loan to fund the capital needs to restart the refinery, and the two companies will look to speed up the restart.
(Reuters) - Apple Inc said on Tuesday it will repair typing-related problems in 'butterfly' keyboards for an expanded set of laptops, that include newer versions of MacBook, MacBook Air and MacBook Pro models. The repairs would include fixing letters or characters that repeat unexpectedly, fail to appear, or keys that feel "sticky" and do not respond in a consistent manner, Apple said in a post https://www.apple.com/support/keyboard-service-program-for-mac-notebooks. The company has come under criticism on social media and Apple-centric blogs and websites for the issues related to its keyboard. Last June, the company said it would repair keyboards on some models, and the announcement on Tuesday expanded the models to include more recent ones.
"This announcement marks the culmination of one year's work, bringing First Cobalt closer to generating cash flow and reducing reliance on the equity markets to fund future advancement of our North American primary cobalt assets in Idaho and Ontario ." A final decision on whether to put the First Cobalt Refinery back into production has not been made at this time and any decision is contingent on the outcome of the ongoing discussions and studies. The Company recently completed testing of third party cobalt hydroxide as a potential source of feed, confirming that the existing processes in the First Cobalt Refinery are capable of producing a high purity, battery grade cobalt sulfate (see April 3, 2019 press release). First Cobalt's main cobalt project is the Iron Creek Cobalt Project in Idaho, USA , which has Inferred mineral resources of 26.9 million tonnes grading 0.11% cobalt equivalent, or an alternative underground-only scenario of 4.4 million tonnes grading 0.3% cobalt equivalent. For further information regarding the resource estimate for the Iron Creek Cobalt Project, readers are encouraged to review the technical report prepared for the Company, dated effective September 18, 2018 (as amended), a copy of which is available on SEDAR and on the Company's website.