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News Breaking

Swiss regulator finds JPMorgan broke money-laundering rules

JPM

Story Sources

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Topics:
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  • Financial
In The News Breaking

Wal-Mart Stores Inc. (INX:WMT) article volume is higher than usual

WMT
The Zacks Analyst Blog Highlights: Walmart, Google and Amazon view top sourcebeta

Story Sources

finance.yahoo.com

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News

Apple Is Shifting Production of One of Its Hottest Products

AAPL

Apple Is Shifting Production of One of Its Hottest Products. Amid reports that Apple (NASDAQ: AAPL) is looking to move 15% to 30% of iPhone production out of China due to President Trump's ongoing trade war, the company is already starting to shift production of other products out of the Middle Kingdom. While Trump's tariffs are impacting the Chinese economy -- the country just posted its lowest GDP growth in nearly three decades -- it was always clear that many jobs that might move out of China wouldn't be coming back to the U.S. The Nikkei Asian Review is reporting that Apple is preparing to commence trial production of AirPods -- the company's wildly popular wireless earphones that were updated in March -- in neighboring Vietnam. Contract manufacturer Goertek will start testing its production processes at a factory in Vietnam, according to the report.

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  • Financial
News

Facebook and Alphabet Are Best Internet Stocks Headed Into Earnings, Analyst Says

FB

Facebook and Alphabet stock are good buying opportunities headed into their earnings reports, according to KeyBanc’s Andy Hargreaves. “We believe ad spending across the major internet platforms remained solid in 2Q and expect positive results in the space,” he wrote.

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  • Financial
News

Facebook Hires Vine’s Former Leader to Counter TikTok's Growth

FB

Facebook(NASDAQ: FB) owns the world's biggest social network, and its family of apps -- including its core platform, Messenger, Instagram, and WhatsApp -- reaches 2.7 billion monthly active users (MAUs). However, ByteDance's TikTok, which amassed over 500 million MAUs in the past five years, is becoming a thorn in Facebook's side. It also hired Vanessa Pappas, YouTube's global head of creative insights, as TikTok's first general manager in the U.S. To counter ByteDance, Facebook launched a TikTok clone called Lasso last year, but team leader Brady Voss resigned shortly after the app's launch. Facebook will likely kill off Lasso, but it's still cooking up fresh ways to counter TikTok with its newly created NPE (New Product Experimentation) Team, which recently hired former Vine GM Jason Toff as its product management director. What does Facebook's NPE unit do? Facebook also let its photo-sharing app Moments run from 2015 to 2019 before pulling the plug, and Lasso could soon join that graveyard of failed apps. Therefore the launch of NPE marks a return to Facebook's older (and oft-vilified) mantra of "moving fast and breaking things" on a more limited scale in a quarantined incubator.

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  • Science
News

Smaller cryptocurrencies feel pain as criticism of Facebook's Libra grows

FB

LONDON (Reuters) - Bitcoin hasn't been the only casualty of the backlash by the world's major economic powers against Facebook's plans for a cryptocurrency, with smaller digital coins also feeling the burn. Bitcoin has slumped around 30% from 18-month highs of nearly $14,000 touched after Facebook's move, following a growing chorus of concern among regulators and politicians from the United States to Europe at the social media giant's plans. And the so-called altcoins have fared even worse. On Wednesday, G7 finance chiefs cast a cloud over prospects for Facebook's Libra digital coin, insisting tough regulatory problems would have to be worked out first. After Facebook unveiled its Libra cryptocurrency, bitcoin soared as much as 55% in just nine days as investors bet the social media giant's gambit would herald mass adoption of cryptocurrencies.

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News

Plex adds HDR support for Apple TV, more- 9to5Mac

AAPL

Plex has announced a pair of notable updates for its apps on iOS and Apple TV today. Today’s updates make further improvements to Plex’s enhanced video player on Apple TV, and add support for Touch ID and Face ID on iOS. This feature is currently available to Plex Pass subscribers, who can access it by going to Settings in the Plex app, then “Advanced.” HDR support in Plex should offer sharper video playback alongside improved performance. Meanwhile, on the iOS side of things, the Plex app now supports Face ID and Touch ID. If you keep your Plex library locked behind a pin, you can now use Face ID or Touch ID to authenticate yourself and access your library.

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  • Technology
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News

Capgemini launches new AI services based on Microsoft Azure to accelerate the business impact of AI at scale

MSFT CAP

By combining Azure with relevant data and analytics, AI Engineering turns data into actionable insights that clients need to move towards a unified infostructure for delivering insights directly to applications and end users. A key component, the Capgemini Intelligent Operations Platform (IOP), provides the ability to scale up manufacturing and operations intelligence to enable improved visibility, predictability and adaptability. Capgemini's AI in CX services enable its clients to leverage Azure AI capabilities within Dynamics 365 for Sales, Dynamics 365 Market Insights, Dynamics 365 for Customer Service and in Azure Bot Framework to increase revenues, resolve issues faster, reduce contacts volumes and complaints, as well as improve end user customer loyalty, engagement and overall satisfaction. Together we are helping organizations across industries to deploy AI solutions in production with an optimized time to market, enabling them to fulfill the transformation potential they expect from AI." John 'JG' Chirapurath, General Manager, Microsoft Azure Data & AI said, "With the launch of its new Perform AI portfolio, Capgemini continues to accelerate AI outcomes using Azure.

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News

ROYAL DUTCH SHELL PLC - Transaction in Own Shares

RDSB RDSA

Royal Dutch Shell plc (the ‘Company’) announces that on 17 July 2019 it purchased the following number of "A" Shares for cancellation. Aggregated information on “A” shares purchased according to trading venues:. In respect of this programme, J.P. Morgan Securities plc will make trading decisions in relation to the Company’s securities independently of the Company for a period from May 2, 2019 up to and including July 29, 2019. Any such share purchases will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes and the Commission Delegated Regulation (EU) 2016/1052.

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  • Financial
In The News
In The News
News

'Why Should We Trust Facebook?' Rep. Waters Asks Marcus

FB

'Why Should We Trust Facebook?' Rep. Waters Asks Marcus. BloombergJuly 17, 2019, 3:38 PM UTC. Jul.17 -- Representative Maxine Waters, chairwoman of the House Financial Services Committee and a Democrat from California, questions David Marcus, head of Calibra at Facebook, about the social network's proposed cryptocurrency, Libra. What to read next.

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