Notably, Alphabet’s Waymo has partnered with Volvo to develop a new self-driving electric vehicle for use in a ride-hailing service. Per the deal, Volvo will take care of the design and manufacture of the vehicles, while Waymo will work on artificial intelligence. We believe that Alphabet’s expertise in data collecting, storing and monetizing makes it a formidable player in the autonomous driving market. The latest move of Alphabet is a testament to its aggressive stance toward strengthening presence in the booming self-driving vehicles market.
is reportedly working on rolling out a new feature — called Voice Note — to its Thread. app. As per a tweet by tipster and mobile developer Alessandro Paluzzi, the feature is spotted on Instagram. As per his tweet, “this feature will turn the audio of the video into live captions that will be shown in time with the recording.”. Right now, there is no word on this feature from any company representative so it is hard to say when it will be rolled out to users. For those unaware, the Threads app was launched last year in October as an extension of Instagram app’s Direct Messaging feature. With the Threads app, Instagram users get the option to share photos, videos, messages and Stories to a limited set of people by taking control of its reach, which is unlike Instagram’s main app where it’s visible to a more broad set of people.
A growing list of Facebook Inc’s advertisers is set to halt spending on social media, undermining the company’s sales outlook and putting its stock price under further pressure. No single company can significantly dent growth at Facebook, which generated US$17.7bil (RM75.84bil) in revenue last quarter alone. But a rising tally adds to pressure on other brands to follow suit, and when combined with a pandemic-fueled economic slowdown, the threat to Facebook deepens. "Given the amount of noise this is drawing, this will have significant impact to Facebook’s business,” Wedbush Securities analyst Bradley Gastwirth wrote in a research note. "Facebook needs to address this issue quickly and effectively in order to stop advertising exits from potentially spiraling out of control.”. As more brands publicize plans to join boycotts or otherwise rein in ad spending, Facebook shares remain under pressure. The stock tumbled 8.3% on June 26 after Unilever, one of the world’s largest advertisers, said it would halt spending on Facebook properties this year, eliminating US$56bil (RM239.96bil) in market value and shaving the net worth of Chief Executive Officer Mark Zuckerberg by more than US$7bil (RM30bil).
Thought Machine, the cloud native core banking technology firm, has today announced that its core banking platform Vault now runs on every major cloud infrastructure provider including Google Cloud Platform, Amazon Web Services, Microsoft Azure and IBM Cloud. Thought Machine’s expanded compatibility enables banks to migrate with the freedom to pick the cloud infrastructure partner of their choice - while adhering to any regulatory and legal requirements they might have in place. As a cloud agnostic business, Thought Machine continues to expand its list of compatible cloud providers. Vault initially rolled out on GCP and AWS before progressing to run on the four leading cloud hosting providers, enabling far greater flexibility than peers in core banking and financial services technology. Vault works with financial institutions and technology companies across the spectrum - from tier one global banks, to smaller regional banks, greenfield offerings as well as fintech players who offer banking capabilities to their customers.
In times of economic uncertainty - when stock prices become erratic - good quality stocks can become cheaper. Buying good quality stocks at cheap prices is a tried and trusted stock market strategy - but it isn't always easy to tell the difference between a genuine bargain and a value trap. The Anglo American share price is currently trading at 1848. And the good news is that it scores well against some important financial and technical measures. A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Anglo American is currently 14.7%.In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors.
The Anglo American (LON:AAL) share price has risen by 10.1% over the past month and it’s currently trading at 1848. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue. According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. At its current price of 1848, shares in Anglo American are trading at a discount of -19.8% to its 52 week high price. The 1-year performance of the shares has been -16.8%. While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable.
(Bloomberg) -- Facebook Inc. fielded criticism from a growing number of consumer companies over harmful content on its sites, with Starbucks Corp. and Diageo Plc pulling back on ad spending and General Motors Co. planning to review its social media marketing strategy. Microsoft Corp., which was Facebook’s third-largest advertiser last year, has paused global ad spending on the site because of concerns about ads appearing next to inappropriate content, according to a person familiar with the matter. Britvic Plc, which supplies a wide range of soft drinks, Patreon Inc. and The Clorox Co. all said they will stop advertising on Facebook while GM said it’s “reviewing and reinforcing” its marketing guidelines. While a single advertiser can do little to hurt a company that generated $17.7 billion in revenue last quarter, the rising tally creates peer pressure on other brands, and civil rights groups say they expect more corporations to join a boycott. Advertiser boycotts in July could cost Facebook more than $250 million in the third quarter if 25% of its top 100 buyers pause spending, and as much as $500 million if 50% of the top advertisers stop, according to Bloomberg Intelligence analyst Jitendra Waral.Zuckerberg announced changes Friday designed to appease critics, but the Anti-Defamation League, one of the groups calling for the boycott, called the amendments “small.”. Some analysts have said the financial impact of recent exits will be limited, citing past advertiser revolts. Even so, this exodus is distinct in key ways, Bernstein Securities analyst Mark Shmulik wrote in a research note Saturday.
BT has claimed that Boris Johnson's plan to give all Britons superfast broadband by 2025 will require a 'Herculean effort' as doubts grow about the ambitious target. The Prime Minister revealed his plan last year to connect the whole of Britain to one gigabit per second broadband by 2025 and committed £5billion to the goal. But industry sources say the already ambitious plan has been thrown into doubt by coronavirus delays. BT said the goal – which it is estimated will cost £30billion in total – will require effort from all sides, including the Government and regulators. BT said: 'To provide full fibre or other gigabitcapable broadband to the whole country by 2025, we've stepped up to play our part by setting our target for Openreach to reach 20million premises in a similar timeframe.'.
Microsoft Corp. (NASDAQ: MSFT) (“Microsoft”) today announced a strategic change in its retail operations, including closing Microsoft Store physical locations. The closing of Microsoft Store physical locations will result in a pre-tax charge of approximately $450M, or $0.05 per share, to be recorded in the current quarter ending June 30, 2020. “Our sales have grown online as our product portfolio has evolved to largely digital offerings, and our talented team has proven success serving customers beyond any physical location,” said Microsoft Corporate Vice President David Porter. “We are grateful to our Microsoft Store customers and we look forward to continuing to serve them online and with our retail sales team at Microsoft corporate locations.”. Since the Microsoft Store locations closed in late March due to the COVID-19 pandemic, the retail team has helped small businesses and education customers digitally transform; virtually trained hundreds of thousands of enterprise and education customers on remote work and learning software; and helped customers with support calls.
Bulls And Bears Of The Week: Apple, Facebook, Tesla And More. It was a week in which the iPhone maker held its annual developers conference, the e-commerce leader made a big acquisition and America's bestselling vehicle got a makeover. "Apple's Patent Activity Points To Broad Product Development, Says Bullish BofA" by Priya Nigam suggests that Apple Inc. (NASDAQ: AAPL) investors could be overlooking the level of its innovation. Snap Inc (NYSE: SNAP) is well-positioned in the social media space, according to Jayson Derrick's "No Evidence Of TikTok Cannibalism, Says Snapchat Bull Wells Fargo." For additional bullish calls, also have a look at "Can FANG Stocks Continue To Outshine The Broader Technology Sector?" and "Johnson & Johnson Option Trader Makes .7M Bet On 17% Upside."