Stock indexes were modestly lower Tuesday after a big Monday for technology shares. There was some bad news on the Covid-19 vaccine front and little progress toward a fiscal stimulus bill in Washington, but most of Tuesday’s action was on the individual stock level, as third-quarter earnings season kicks off.
On Tuesday morning, the
Dow Jones Industrial Average
fell 110 points, or 0.4%, the
also dipped 0.4%, and the
ticked down less than 0.1%.
It was a contrast to Monday, when stocks jumped on little news during a light Columbus Day holiday and the technology-heavy Nasdaq rallied 2.6% to its third-highest close in history.
Contributing to the lackluster trading on Tuesday was an announcement from
Johnson & Johnson
(ticker: JNJ) on Monday night that it paused its trial of a coronavirus vaccine after an unexplained illness in a trial participant.
The “iPhone 12” could include a faster Face ID authentication than currently offered, a leaker claims, as well as an enhanced version of digital zoom that is assisted by advancements in computational photography.
In the days before Apple is anticipated to launch a new collection of iPhones, more leaks about what to expect are surfacing by various sources. One such leak from a well-established leaker centers around the photographic capabilities of the inbound models.
According to a series of tweets from “@Pineeaks,” a Twitter account operated by Max Winebach, Apple is still planning to ship a “dynamic zoning algorithm” for the TrueDepth camera array. The algorithm would enable the Face ID biometric authentication system to acquire a user’s face at a faster rate, which will shave off fractions of a second from the entire Face ID unlocking process.
The tweet list, spotted by MacRumors also claims Apple
Oct 8 (Reuters) – Thai stocks climbed 1% on Thursday as the government outlined measures to boost consumption in its coronavirus-battered economy, while a late recovery helped Philippine shares edge up in tandem with gains in most of Asia’s emerging markets.
The safe-haven U.S. dollar nursed losses after the revival of hopes for some stimulus spending in the world’s biggest economy improved investor sentiment, supporting local currencies in Asia, which edged higher. The Taiwan dollar TWD=TP was again the main standout, rising almost 1%.
Thailand’s benchmark index .SETI hit its highest in more than two weeks after officials on Wednesday added a tax deduction on purchases of goods and services to previously announced cash handouts and subsidies.
The tourism-reliant economy has also started receiving its first visitors after months of travel curbs and its markets have proven relatively immune to growing protests against the army-backed government.
(Reuters) – Democrats from a U.S. House of Representatives subcommittee issued a report on Tuesday detailing tactics it said four of the biggest technology companies used to gain dominant positioning in online search, advertising, social networking shopping and other businesses.
Here are notable findings.
The issue: Amazon.com Inc AMZN.O sells its own products as well as goods from independent merchants on a single platform. The Congressional report alleged that Amazon has “monopoly power” over many of these merchants, which “do not have a viable alternative to Amazon for reaching online consumers.” The result, the report alleged, is a “conflict of interest” in which Amazon has an incentive to use competing merchants’ data and can advantage its own goods and services.
The fix: The report recommends Congress consider removing the conflict by
Overall, the advent of technology marked a new dawn for the entire world. Clearly, the reality of life has never been the same since advancements in technology have become part of our everyday lives. Nevertheless, and on a positive note, it continues to change and evolve for the betterment of mankind. In a sense, technology has developed life into a fine balance of convenience and production. The result being that we now have the ability to complete da-to-day tasks more rapidly and with much less effort.
Luxury fashion is particularly attuned to this moment, as the progression of technology promises to imbue delivering excellent customer service as well
After rallying nearly 61% since the price seen on March 23, we believe Cloudera’s stock (NYSE: CLDR) has moderate upside left. The stock has rallied from $7 to $11 gaining more than the broader S&P 500 index, which moved 49%. One of the reasons for the recovery was the Fed’s multi-billion dollar stimulus package announced on March 23rd which lifted market sentiments. Cloudera, which provides enterprise data cloud applications and
Tesla Inc. (TSLA) – Get Report shares powered higher Thursday following reports that the clean energy carmaker had cut prices for its Model 3 sedan in China and could be ready to publish record third quarter deliveries later this week.
Tesla’s China website suggests that starting prices for its popular Model 3, which are now made in its Shanghai factory, have been reduced by 8% to around $36,800 each, while the longer-range version was reduced to around $40,000 each. The new models will also included cheaper lithium iron phosphate batteries, Reuters reported.
Tesla shares were marked 2% higher in early trading Thursday to change hands at $437.87 each, a move that would trim losses since the stock’s five-for-1 split on August 31 to around 11.4%.
A report from the tech-focused ‘electrek’ news website yesterday also suggested Tesla’s third quarter deliveries could come in at a record high later
A river’s only consistent attribute is change. As the Greek philosopher Heraclitus remarked, “No man ever steps in the same river twice.” Although this dynamic nature is often out of sight and mind, forgetting about it has led to many a historical catastrophe.
Recently, UC Santa Barbara geomorphologist Vamsi Ganti and his collaborators published a study finding that sea level rise will cause rivers to jump course, or avulse, more often on deltas than in the past. Now his team has discovered that a perfect storm of factors—including larger floods and finer sediment size—will enable these destructive events to occur farther and farther inland. Their results, which appear in Geophysical Research Letters, warn of major disasters poised to hit many urban centers that
(Bloomberg) — Apple Inc. is trying to delay a legal fight over allegedly stolen blood-oxygen monitoring technology in its latest watch so it can gain a more dominant share of the smartwatch market, medical-sensor maker Masimo Corp. said in a court filing late Monday.
Blood-oxygen monitoring is a key feature of the latest Apple Watch Series 6 announced on Sept. 15. Masimo and its spinoff Cercacor Laboratories Inc. had sued in January, accusing Apple of promising a working relationship only to steal secret information and hire away key employees, including Cercacor’s former chief technology officer and Masimo’s chief medical