Markets


SoftBank doubles down on robots with Boston Dynamics acquisition SoftBank doubles down on robots with Boston Dynamics acquisition
- June 13, 2017

Recently, they bought the mobile chip manufacturer ARM for almost $32 Billion. The transaction aligns with SoftBank's investments in paradigm-shifting technologies and its vision of catalyzing the next wave of smart robotics. While Boston Dynamics has released several videos showing progress made in building robots and which gave the perception that the company was making great strides, these were more of proofs of concept as opposed to products which were ready for the market. (more...)
China a step closer to resuming US beef imports China a step closer to resuming US beef imports
- June 13, 2017

Beef trade with China halted in 2003 following the discovery of bovine spongiform encephalopathy (BSE) or mad cow disease in the U.S. "I welcome China taking this important step to start allowing US beef imports after shutting them out over 13 years ago". (more...)
New iPad Pro, MacBook Pro, iMac India costs announced New iPad Pro, MacBook Pro, iMac India costs announced
- June 13, 2017

The new Apple iMac Pro , claimed to be the most powerful Mac ever, was probably the star of the show. While the new products aren't expected to arrive in India until the end of this month, a report from Gadgets360 has revealed prices for all the new iPad Pro and Mac products announced by Apple on Monday. (more...)
Ninth Circuit Upholds Stay of Trump Travel Ban Ninth Circuit Upholds Stay of Trump Travel Ban
- June 13, 2017

A ruling Monday, June 12, 2017, from a unanimous three-judge panel of the 9th U.S. Circuit Court of Appeals deals the administration another legal defeat as the Supreme Court considers a separate case on the issue. The Trump administration argues the ban is needed to ward off terrorist attacks in the country. The Justice Department did not immediately comment on Monday's ruling. (more...)
Lady Gaga Helped Starbucks Come Up With Two New Rainbow Drinks Lady Gaga Helped Starbucks Come Up With Two New Rainbow Drinks
- June 13, 2017

The range will be available starting Monday, 12 June through Monday, 19 June and 25 cents from the purachase of each of these four drinks will be donated to Gaga's foundation. So not only will this Violet Drink be absolutely delicious, but it's for a good cause! The new Matcha Lemonade will be a delicate mixture of ground Teavana matcha green tea and crisp lemonade. (more...)
The biggest U.S. banks are launching their own, faster Venmo The biggest U.S. banks are launching their own, faster Venmo
- June 13, 2017

In launching Zelle , banks are being careful not to confuse customers by offering yet another payments app. A Zelle app will arrive at a later point, but Early Warning declined to say when beyond 'the coming months'. "Fragmentation has been frustrating for consumers. Inconsistent experiences, have made it hard to send and receive money between banks", said Paul Finch, Early Warning Services CEO. (more...)
Wall Street falls amid tech stock sell-off
- June 13, 2017

The S&P technology sector fell 0.8 per cent after dropping 2.7 per cent Friday for its largest two-day decline in almost a year. Gains for energy and industrial companies failed to offset the losses, which spread to other sectors. Energy stocks, the worst performing sector year-to-date, were among the ones trying to stop the bleeding on the S&P 500 . "We're not even in correction territory for the Nasdaq or large tech shares ". (more...)
Chris Coleman impressed as Wales exorcise demons in Serbia
- June 13, 2017

First the keeper tried to shepherd the ball out for a goal kick but as Ramsey chased what looked like a lost cause Stojkovic fouled him. The match was played at the Crvena Zvezda stadium, Belgrade, Serbia . Wales' hopes of upsetting Serbia have been hurt by the loss of talisman Gareth Bale . Savage said: "They've got Republic of Ireland at home, it was a blow not winning in Dublin against Martin O'Neill's side, so I think a draw wouldn't be a total disaster as long as they win their ... (more...)
Abzena (LON:ABZA) Broker Price Targets
- June 13, 2017

The broker have set target price per share of GBX 260.00 on ITV PLC (LON:ITV) shares. This was revealed in a research report on 12 June. Analysts await Facebook Inc (NASDAQ:FB) to report earnings on July, 26. The rating was maintained by Investec on Thursday, July 23 with "Buy". AstraZeneca PLC (AZN ) reported sales (ttm) of 22.29 Billion, whereas, 4 number of analysts estimated the mean sale of 5188.86 million. (more...)
Start of US driving season supports oil, but oversupply worries fester Start of US driving season supports oil, but oversupply worries fester
- June 13, 2017

Brent LCOQ7, +1.30% , the global benchmark, rose 46 cents, or 0.9%, to $51.21 on ICE Futures Europe. Oil futures extended their gains after the data with USA crude futures 1.2 percent, or 58 cents, higher at $48.90 a barrel by 12:45 p.m. (more...)
Are Analysts Bearish Summit Midstream Partners LP (NYSE:SMLP) After Last Week?
- June 13, 2017

The firm owned 84,829 shares of the pipeline company's stock after selling 4,327 shares during the period. Shares for $94.64 million were sold by SUMMIT MIDSTREAM PARTNERS - LLC on Friday, February 3. Central Commercial Bank Trust reported 400 shares or 0% of all its holdings. (NASDAQ:AAPL) for 176,950 shares. Investors sentiment increased to 6.44 in Q4 2016. (more...)
U.S. allies determined to sidestep Trump on climate U.S. allies determined to sidestep Trump on climate
- June 13, 2017

Environment ministers and officials met in a luxury hotel, sitting around a table covered in lush grass, to discuss issues ranging from climate change to sustainable development and litter at sea. French President Emmanuel Macron is offering US scientists a sweet deal. In fact, the final text doesn't say the Paris accord is the only tool for tackling climate change. (more...)
Foreign bidding war for Rio's Australia coal mines Foreign bidding war for Rio's Australia coal mines
- June 13, 2017

However, under the terms of the Yancoal deal , Rio Tinto was allowed to engage in negotiations or discussions with a third party if the company's board determine that a competing proposal is a superior proposal. Todd Asset Management LLC bought a new position in Rio Tinto PLC (NYSE:RIO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). (more...)
G7, US Climate Disagreements Unlikely to Be Resolved Soon
- June 13, 2017

Italian Environment Minister Gian Luca Galletti voiced his hope a future dialogue with the USA could still develop in the near future. "We're absolutely committed to climate action and the Paris agreement and we've been extremely vocal about this", McKenna said, adding that she made this position clear in her bilateral discussion with her American counterpart, Scott Pruitt , at the meeting. (more...)
Qatar Shrugs Off Pressure With No End in Sight to Gulf Crisis
- June 13, 2017

But it appears that some in the region are not that happy with Qatar hosting, with hashtags appearing on social media such as "UAE will host the World Cup" in the last few days, prompting an angry online reaction in Doha . Iran , Saudi Arabia's main regional rival, had announced Sunday that it had sent five planes carrying produce to Qatar. Qatar Airways offices were closed in Saudi Arabia and the UAE. (more...)
McDonald's To Use Snapchat To Hire 250000 Employees For Summer McDonald's To Use Snapchat To Hire 250000 Employees For Summer
- June 13, 2017

McDonald's and its franchisees expect to hire 250,000 employees this summer at the chain's more than 14,000 locations, the company said Monday. More than half of the hires in McDonald's company-owned restaurants are between the ages of 16 and 24, so it makes a lot of sense to advertise on young people's favorite social media platform. (more...)
F-35 fighters grounded indefinitely over oxygen issues F-35 fighters grounded indefinitely over oxygen issues
- June 13, 2017

But in all cases, the aircraft's backup oxygen system has "operated as designed" and the pilots landed safely. The US Air Force has temporarily grounded dozens of F-35 stealth fighters while it investigates an oxygen supply issue aboard the expensive planes, officials said Monday. (more...)
Labour missed 'open goal' against Theresa May, says MP
- June 13, 2017

Prime Minister Theresa May took over after David Cameron sung himself off with the ill-advised Brexit vote , setting the United Kingdom on a course to separate from the EU. To pass new legislation, May has turned to the DUP, a small party from Northern Ireland known for pursuing a more socially conservative agenda than the Tories . (more...)
Cybersecurity company discovers malware created to perform attacks on power supply infrastructure
- June 13, 2017

As the malware is extensible, it is possible to add North American mains grid control protocols as well - the security vendors said the malware can be deployed against multiple targets. ESET researchers have been analyzing samples of unsafe malware (detected by ESET as Win32/Industroyer, and named "Industroyer") capable of performing an attack on power supply infrastructure. (more...)
Pound falls after Theresa May's election plan backfires
- June 13, 2017

As one might've expected, the value of sterling dropped overnight, but as European traders set to work this morning, it slipped further still. "We have this political uncertainty around how strong will the new government be, how hard will it be to get through with its politics domestically, and the Brexit negotiations beginning in a week or two", he said . (more...)

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