If you think self-driving cars are futuristic, imagine them flying overhead. That’s what European aerospace titan Airbus has done in designing its Vahana electric, autonomous plane, which can fly a single passenger on trips of around 50 miles, getting there about twice as fast as by car.
Category: Business News
Apple Sales Beat Estimates on Demand for Latest iPhones
Apple Inc. reported quarterly revenue that topped analyst projections, fueled by demand for the company’s latest and priciest iPhones. Apple said sales rose 3.3 percent to $78.4 billion, with earnings of $3.36 a share in the three months through Dec. 31. Analysts forecast profit of $3.22 a share on revenue of $77.3 billion, according to data compiled by Bloomberg.
Apple snaps out of iPhone slump, but for what’s next?
In this Friday, May 13, 2016, file photo, a man uses his mobile phone near an Apple store in Beijing, China. Apple Inc. reports financial results Tuesday, Jan. 31, 2017.
Why Intel Corporation’s Data-Center Group Margin Got Crushed Last Quarter
The company reported $4.67 billion in DCG revenue, up about 8.4% year over year — but that wasn’t the unusual part. Intel had told investors last quarter to expect “high-single-digit” revenue growth in DCG for the entirety of 2016, and that’s exactly what the chipmaker delivered.
Misys CEO Targets New IPO, Machine Learning and P2P Lending
Despite presiding over the largest U.K. initial public offering to be pulled last year, the chief executive officer of Misys Group Ltd. is keen for the company to return to the public market. Misys CEO Nadeem Syed said in an interview that he still hoped to list the company, however he declined to comment on potential timing.
Businesses Have Their Heads In The Cloud with This
You’re digital picture frame is getting a major upgrade. No longer reserved for a collage of family snaps, big business wants in.
Smaller states rejoice as Amazon finally collects sales tax
Many online shoppers in the United States have for years had to pay state sales taxes whenever they buy goods from Amazon. But the Seattle e-commerce giant has dragged its feet on collecting sales taxes in small and sparsely populated states where it doesn’t have any distribution centers or corporate offices.
3 Small-Cap Stocks to Buy in February
We Fools love the fact that most small-cap stocks do not get a lot of attention from the media. Not only does that keep them off of Wall Street’s radar, but it affords us the opportunity to buy them before the big money managers can swoop in.
What Happened in the Stock Market Today
Gold-based ETFs attracted heavy investor interest as the price of the precious metal continues to bounce around. It rose on Friday, which helped send the VanEck Vectors Gold Miners ETF As for individual stocks, dozens of companies saw elevated attention after posting their quarterly earnings reports ahead of Friday’s opening bell.The reports from Starbucks Starbucks managed improved sales and profits over the holiday quarter , but that wasn’t enough to impress investors as the stock fell 4% following its earnings report.
Here’s Why Avery Dennison’s Stock May Offer a ‘Fantastic Voyage’
Many people have never heard of Avery Dennison , but its products are all around us and even inside some of us. The company is the world’s biggest manufacturer of radio frequency identification tags, which are miniaturized devices straight out of the science fiction movie Fantastic Voyage .
New Fears for Future of Net Neutrality
Ajit Pai, named the new chairman of the Federal Communications Commission by President Donald Trump yesterday, is likely to seek changes to the organization’s stance on Net Neutrality. Pai was one of two commissioners to vote against the FCC’s 3-2 approval of the Open Internet Order in early 2015.
Buy Online, Pick Up in Store’ Is a Double-Edged Deal
A cyber service that requires a physical trip to the store may sound a bit self-defeating. Why choose “buy online, pick up in store” when you could just carry out the entire transaction in one place – either in a brick-and-mortar location or on the retailer’s website? Turns out, though, that this mixture of online and in-store shopping can make a lot of sense for both retailers and customers – at least in some cases.
Ad Industry Expects New FCC Chair…
It’s “highly likely” that Federal Communications Commission Chairman Ajit Pai will grant the ad industry’s request to revisit tough broadband privacy rules, the Association of National Advertisers predicted today. “Chairman Pai is a very thoughtful leader who understands the critical role advertising plays as a financial foundation for the online and media marketplace,” the ANA said in a blog post hailing Pai’s appointment.
Uber’s Ford Fusions, to be used for mapping, are cleared to go on the road in San Francisco.
They’re back. Five Ford Fusions bristling with rooftop equipment and labeled “Uber Advanced Technologies Center” will hit San Francisco streets starting Wednesday morning, but they will not be functioning as self-driving cars.
Biotech ETFs can Cope With the new White House
The healthcare sector was a laggard last year, but the iShares Nasdaq Biotechnology ETF , SPDR S&P Biotech ETF and other biotechnology exchange traded funds are shaking out of that slumber with some solid gains in 2017’s early stages.
Is China’s Fintech Sector Just Another Knockoff?
Whether China’s fintech sector is real or fake, it’s huge and growing fast. China is on its way to becoming a major global hub for fintech.
Trump names new FCC chairman: Ajit Pai, who wants to take a ‘weed whacker’ to net neutrality
Ajit Pai, left, the new chairman of the Federal Communications Commission, at a 2014 meeting with Commissioner Mignon Clyburn and then-Chairman Tom Wheeler. Ajit Pai, left, the new chairman of the Federal Communications Commission, at a 2014 meeting with Commissioner Mignon Clyburn and then-Chairman Tom Wheeler.
What to Watch When PayPal Reports Earnings
PayPal has been a very consistent, growing its business for a long time, and its strong momentum should have continued through the holiday season. As I wrote about in a previous article , the most important numbers to watch are active customer accounts and transactions per active customer account.
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The anchoring bias is a pretty cruel mechanism. In investing, this happens when we “anchor” to the price of a stock at a given time — and use that as a reference point out into the future.
3 Stocks Hit Hard By Downgrades This Week
After President Donald Trump’s inaugural speech, the markets managed a small rally Friday with the Dow Jones Industrial Average and S&P 500 clinging to narrow weekly gains of 0.48% and 0.34%, respectively. While much of the speech was rhetoric that we’ve already heard, it was made fairly clear that, by Monday, we’ll see actions in terms of executive orders that will set the tone for the administration.
2 Ways NVIDIA Is Beating the Competition
The company’s stock price skyrocketed 229% in 2016, fueled by growth from sales of its graphics processing units for its gaming segment. Some stocks move at the whims of investors, but much of NVIDIA’s stock-price rise can be attributed to the company’s healthy lead in the GPU market and the huge steps it’s taken in the self-driving vehicle market.
3 Restaurant Stocks With the Best Comparable-Store Sales Growth
As restaurant investors probably already know, comparable sales are perhaps the single most important metric in determining a company’s success. The figure, which strips out the effect of sales at stores that have been opened or closed in the last year, probably provides the best snapshot of a brand’s current popularity.
Look who tops the app market – how you like them AAPLs?
A new report suggests revenue from mobile app stores grew faster in 2016 than in 2015. Apple, aided by soaring Chinese sales, drove a large chunk of it.
Security Robots Patrolling a Mall Near You
Silicon Valley start-up Knightscope is rolling out security robots that can help take a bite out of the crime that costs the American economy $1 trillion every year. Silicon Valley start-up Knightscope is rolling out security robots that can help take a bite out of the crime that costs the American economy $1 trillion every year.
Fidelity Biotech Fund: Better than the Index?
Of all the Fidelity mutual funds, its healthcare-focused funds have some of the best records. The Fidelity Select Biotechnology Portfolio But there may be more to its performance than meets the eye.
9 Facts You Didn’t Know About Driverless Cars
Technology and automotive companies are currently in a sprint to bring the best self-driving technologies to market. The companies have been spurred on by high traffic fatalities, increasing support by governments, and, of course, new revenue potential.
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TSMC’s new 10nm technology is expected to bring performance, power, and area benefits compared to its current generation 16nm technology. Those improvements should allow its customers — with Apple being a big one — to develop chips with better performance and more features than what they could create with older-generation technologies.
3 Bold Bets on the Future of Healthcare
Healthcare is changing rapidly. Which companies will emerge as the huge winners with these major changes? We asked three of our healthcare contributors to weigh in on the subject.
Dairy farmers replace ‘way too cute’ cartoon cow in logo redesign
The Dairy Farmers of Canada’s former symbol for Canadian-only milk products has been around for decades. The new look is meant to be less cute and more professional.
How the Department of Energy plans to clean up toxic Santa Susana Field lab
Visitors make their way by the remains of VTS-1 at the Santa Susana Field Lab Thursday, August 12, 2010. Many community members and former Rocketdyne employees were on hand for the tour.
5G spectrum squatting case ends in $100M FCC fine
The FCC has fined a company US$100 million for not using licenses to spectrum that is now considered promising for future 5G networks. Straight Path Spectrum agreed on Wednesday to pay the civil penalty, surrender most of its licenses, and sell the rest, among other conditions in a consent decree with the U.S. Federal Communications Commission.
Week in Review: Nasdaq Brushes Aside Trump-Triggered Selloff in Biotech
The Nasdaq ended the week with a record close in four out of five trading days, even when under assault by a selloff in biotech stocks. Despite an assault by a selloff in biotech stocks, the Nasdaq ended the week with a record close in four out of five trading days.
Animal rights activist Peta buys stake in Louis Vuitton
Animal rights pressure group Peta has bought shares in Louis Vuitton Moet Hennessey in order to pressure it to stop selling bags and other products made from exotic animal skins. The stake in the French luxury group will give Peta the right to attend shareholder meetings and question the board in front of other shareholders.
Blackstone Said to Vie With Warburg, Chinese Group for GLP
Blackstone Group LP is considering an offer for Global Logistic Properties Ltd., potentially pitting it against Warburg Pincus and a separate Chinese group in the bidding for the $8.6 billion warehouse operator, people with knowledge of the matter said. Warburg Pincus is forming a consortium to bid for the Singapore-based company and has been speaking with banks and potential bidding partners, according to the people.
How 8×8, Inc. Gained 27% in 2016
The provider of internet-based voice and communications services put together a remarkable financial record last year. 8X8 beat Wall Street’s earnings and sales estimates handily in each one of the year’s quarterly reports,citing strong organic revenue growth among larger customers along the way.
Singapore’s Garena Said to Pick Goldman for $1 Billion IPO
Garena, Southeast Asia’s most valuable startup, picked Goldman Sachs Group Inc. to lead a planned initial public offering that could fetch about $1 billion, according to people with knowledge of the matter. The Singapore-based online gaming portal and e-commerce provider plans to select additional banks as soon as this month, the people said.
Biden’s Cancer Moonshot Draws on Aussie Nobel-Winning Expertise
U.S. Vice President Joe Biden arrived in Melbourne last July with his granddaughters in tow. Bypassing sporting stadiums and race-car tracks, Biden’s first official stop in the world’s sporting capital was to open a A$1 billion cancer center.
Wall Street’s Most Famous Quants Fed Up With JPMorgan Soothsayer
Or anybody else who tells you quant managers regularly whip up bouts of pain and suffering for stock investors. Funds with programs that follow trends and sell like robots are getting smaller and simply aren’t big enough to overwhelm the $24 trillion U.S. equity market.
Jack Ma Bets $2.6 Billion He Can Revamp China Retail Sector
Alibaba Group Holding Ltd. pioneered shopping on the internet in China. Now it thinks it can teach old-school retailers a thing or two about real-world commerce.
Tesla’s Autopilot Head Said to Depart as Apple Engineer Hired
Sterling Anderson, Tesla Motor Inc.’s director of autopilot programs since November 2015, has left the Palo Alto, California-based maker of electric cars, according to a person familiar with the matter. Tesla announced Tuesday that it hired Chris Lattner as its vice president of autopilot software.