$DIA, $SPY, $QQQ, $RUTX, $VXX Monday, new money came in and Wall Street gained with all 3 major indexes closing near session highs. Continuing optimism abounds on the prospects for US-China trade relations propelled technology shares. The S&P 500 index and the NAS Comp both closed above their 100-Day MA’s for the 1st time since […]
Thursday, White House economic adviser Larry Kudlow said that the upcoming trade talks between the United States and China will be Key in determining whether the globe’s 2 largest economies can reach a deal on trade. Chinese Vice Premier Liu He will meet with US Trade Representative Robert Lighthizer in Washington on 30-31 January. “I think […]
The S&P 500 gained 0.2% Monday a volatile trade. $DIA, SPY, QQQ, RUTX, VXX The benchmark index overcame a loss of 1.9% intra-day despite the uncertainty surrounding trade, growth prospects, the path of interest rates, and geopolitics. The DJIA rose 0.1% after being down as much as 2.1%, NAS Comp gained 0.7% after being down […]
Tesla (NASDAQ:TSLA): China is Key to Its Future $TSLA, $GM, $F, $VLKAY, $HMC, $TM China is Key to Tesla’s future, and so it is not surprising that the US-China trade dispute is hitting the company hard. China is Tesla’s largest market outside the US, accounting for about 10% of total revenue in the 1st 3-Q’s […]
Bitcoin (BTC) Gets Positive Signal From NYSE’s Chairman $BTCUSD, $ICE The correction is the market had been healthy Bitcoin has seen a deep dive in price over the 11 months, but the CEO of one of the world’s biggest exchange operators is not deterred from entering the cryptocurrency space. Jeffrey Sprecher, CEO of IntercontinentalExchange (NYSE:ICE) […]
Tesla (NASDAQ:TSLA) Has Nothing the Auto Industry Cannot Replicate at Will $TSLA, $F, $FCAU, $GM, $VLKAY Volkswagen (OTCMKT:VLKAY) announced at the weekend that its platform is set to manufacture 50-M pure EVs, and it has acquired the batteries for that vehicle production output. Ok, Tesla (NASDAQ:TSLA) has mastered making EVs cars, but its technology is […]
The Trump Effect: The S&P 500 +28% Since His Election $SPY, $ABMD, $GE President Donald Trump has taken credit for the stock market’s gains during his 21 months in the White House, and those claims are reasonable given the impact of tax cuts and pro-business policies on investor sentiment. The S&P 500 has risen 28% […]
More Tariffs in Store for China if President Trump’s Meeting with President Xi Fails in November $DIA, $SPY, $QQQ, $RUTX, $VXX The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade dispute. The […]
Ferrari (NYSE:RACE), PMI (NYSE:PM) Launch ‘Mission Winnow’ $RACE, $PM Philip Morris International Inc. (PMI) (NYSE:PM) and Scuderia Ferrari today advanced their 45-year partnership with the unveiling of Mission Winnow, a new global initiative to create engagement around the role of science, technology and innovation as a powerful force for good in any industry. This global […]
What Has Happened to Our Drinking Water? There is a known secret that really needs attention in this country. California, Florida, Baltimore, Detroit, Flint are in the news with reports of their drinking water being tainted. Flint brought into focus with”Flint Lives Matter” T’s, alerting the nation, saying: “What about us, our water is really […]
Savvy Investors Are Buying Blockchain Technology Stocks $IBM, $GBTC, $BR The technology known as blockchain is what the cryptocurrency market is built on. However, that is not its only function, it is also being used to change nearly every industry that deals with transactions and ledgers. Yes, there is Key connection between blockchain and cryptocurrencies, […]
Until There are Clear and Present Regulated Guidelines Cryptocurrency will Not be a Robust, Legitimate Asset Class $BTCUSD,$CME, $Cboe There is and has been talk on The Street about financial institutions adding crypto services to their offerings, raising new funds for digital currencies, and even launching dedicated trading desks. But until institutional investors have a regulated, […]
How Close was Saudi Arabia to Buying Tesla? $TSLA With privatization plans now off the table, we investigate how close Saudi’s electric dream was to becoming a reality In what became one of the most intriguing and beguiling business stories of recent years, Saudi Arabia emerged as a leading player in the complex and now defunct […]
China’s PBoC Intensifies Pressure on Cryptocurrency Activity $BTCUSD Chinese authorities have intensified pressure on domestic cryptocurrency activity. Beijing supports the development of the underlying blockchain technology, but it is still trying to limit speculation in digital currencies roughly 1 year since banning their sales in ICOs. Bitcoin prices surged last year as investors bet blockchain […]
The SEC Continues to Disapprove Bitcoin ETF Proposals $BTCUSD Again, the SEC has disapproved more proposals for Bitcoin ETF. The latest rejection has seen 8 bids turned down by the authorities; 2 from Proshares that would have tracked Bitcoin futures, another from GraniteShares and 5 more from Direxion. The SEC said that Bitcoin ETF markets […]
INFINITI is partnering with Motor Trend Group to bring the inaugural Japanese Automotive Invitational to this year’s Pebble Beach Automotive Week on August 25 and 26. This new event aims to bring even more diversity to the premier celebration of classic, vintage automobiles and demonstrate the prowess Japan brings to the industry. The 2-day Japanese […]
US Stocks Still in a Bull Market $DIA, $SPY, $QQQ, $RUTX, $VXX US stocks continue their low-volatility, Bull-market run higher, tuning out all of the Noise. The 2,800 mark on the S&P 500 has been bested 4 sessions in a row on a closing basis. That mark is acting as a floor during pullbacks. The […]
Bitcoin Stable As Big Players Enter the Digital Currency Sector $BTCUSD, $CME, $CBOE, $BLK Bitcoin rallies 5% as BlackRock reportedly weighs crypto venture Bitcoin opened higher, climbing as much nearly 6%, following reports that the world’s largest asset manager was considering a push into the digital-currency market. Monday, it was reported that BlackRock (NYSE:BLK), which […]
The Whats’ About Blockchain Value $BTC, $IBM Dominant players who can establish their blockchains as the market solutions are making big bets now With all the talk and chatter about blockchain, it is easy to miss the facts about this new technology. Simply put, Blockchain is a distributed ledger, or database, shared across a public […]
US Markets are Comfortable, Now Focused on Earnings $DIA, $SPY, $QQQ, $RUTX, $VXX Carry-over momentum from S&P 500 breakout last Thursday drives stocks higher for 3rd session running Top-weighted tech group under-performs, keeping gainers in check Cyclical financials, industrials, and energy groups soar Traders satisfied the President Trump is focused on the business of America […]
Polychain and the Future of Digital Assets $BTCUSD, $ETHUSD, $CME, $CBOE Today it is mostly crypto enthusiasts and technologists trading their assets. Tomorrow it will mostly institutions trading crypto assets. The professional traders have taken over from the ‘hobbyists’ Earlier this year, Polychain became the 1st crypto fund with more than $1-B in assets under […]
US Stocks Fell Monday in Response to Pending Trade Issues $DIA, $SPY, $QQQ, $RUTX, $VXX The escalating trade dispute between the US and other leading economies effected US stocks Monday, pushing the S&P 500 and NAS Comp to their biggest losses in more than 2 months. Losses were widespread Technology stocks suffered the most, with […]
Children’s Bad Behavior Linked to “Technoference” Eat healthy, Be healthy, Live lively, Tune out the Noise New US research has found that parents who spend a lot of time on their phones or watching TV during family meals, playtime, and bedtime are likely contributing to their children’s bad behavior. Carried out by researchers at Illinois […]
President Trump’s Tough Talk Driving US Stock Market $DIA, $SPY, $QQQ, $RUTX, $VXX Fears of a trade war is giving boost to some of the smallest companies in the market as well as some of the biggest technology companies. For over 3 months, investors have focused on US negotiations with trading partners including China, Europe, […]
NASDAQ Marks Another All Time High $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday as investors were encouraged by US economic data, driving the NASDAQ to finish at another at record high for the 2nd day running, as the technology and consumer discretionary sectors outpreformed Investors remain a bit wary about trade discussions, with Mexico imposing tariffs […]
Majority Ownership Key to US in Trade Talks With China The United States hopes to convince China into letting American investors hold a majority stake in Chinese ventures, Larry Kudlow, President Donald Trump’s top economic adviser, said Thursday. The demand will be part of formal trade talks between the US and China to begin Saturday […]
Bitcoin and Blockchain are Here to Stay $BTCUSD, $ETHUSD Thoughts on Bitcoin and Consensus 2018 The hottest ticket last week was in New York City. But unlike any Top-Tier event, you were invited … if you could afford it. At approximately $2,000, Consensus 2018 was the most expensive edition in the Bitcoin conference’s history. Despite […]
The Trump Effect: US Companies Seen Investing More $DIA, $SPY, $QQQ, $RUTX, $AAPL US companies are seen investing more of the money saved from sweeping Trump tax cuts into businesses later this year, perhaps even surpassing a jump in Q-1 capital expenditure that was the highest in nearly 7 years. Higher spending on technology, equipment […]
Jack Dorsey on Bitcoin: “It is the Currency of the Future” $BTCUSD, $TWTR, $SQ Jack Dorsey, speaking to a crowd of cryptocurrency enthusiasts, declared that he is in sync with their view that digital currencies are the way of the future. “The Internet deserves a native currency; it will have a native currency,” Mr. Dorsey, […]
Bitcoin: The Why, The Why Nots! $BTCUSD, $CBOE, $CME Bitcoin has been in the news for the past year, and a clear understanding about how the cryptocurrency actually works and its volatility has kept many professional investors and traders from considering it worthy. There surely is plenty of money to be made, but investors must […]
The Crypto Sector Maintained Momentum, Bulls in Charge $BTCUSD, $ETHUSD Thursday, the cryptocurrency sector maintained its Bullish momentum, with most major currencies trading up by more than 3% on the day. Below is a look at what moved the cryptocurrency market Thursday, as follows; Goldman Sachs Group, Inc (NYSE:GS) officially announced it’s opening a cryptocurrency trading desk. Despite […]
As Trade Talks With China Open, President Trump Praises President Xi Thursday, US President Donald Trump praised his relationship with Chinese President Xi Jinping as officials from the world’s 2 largest economies began trade talks in Beijing. A deal to fundamentally change China’s economic policies is viewed possible during the 2 days of talks, though […]
Gold, Diamond Companies Joined IBM to Develop Blockchain Technology $IBM, $BRK-A, $AU Gold and diamond companies including Berkshire Hathaway (NYSE:BRK-A)Richline Group Inc joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced, the companies said Thursday. The joint initiative, TrustChain goal to make it easier for […]
Bitcoin, Using it as Money to Buy Stuff $BTCUSD, $SQ, $MSFT, $EXPE, $DISH, $ETSY Bitcoin is an investment asset, and it is also ‘Money’. And businesses that accepts Bitcoin payments are becoming closer to the mainstream you than you may think. Most people that I talk to look at cryptocurrencies an investment, a tradable asset, a […]
Ferrari (NYSE:RACE) to Wear ADM (NASDAQ:AMD) Logo on F1 Cars $RACE, $AMD AMD (NASDAQ:AMD) has announced a multi-year sponsorship with Scuderia Ferrari’s racing program. According to the agreement, effective a the beginning of the Y 2018 F1 season, the AMD logo is visible on the nose of the SF71H F1, on the driver’s helmets, as well as on […]
People are Asking, “Is there more trade pressure coming against China?” Clearly, US President Trump believes that his Administration’s trade threats against China are working and now there is talk of plans to focus on new tariffs and possible blocks to Chinese tech investment in the US. According to an article Thursday in the WS-J, siting […]
Blockchain Technology is Driving Innovation in Payments Industry $AXP, $MA, $V, $IBM, $MSFT Blockchain is the innovative technology that is changing payments industry. Industry leaders like American Express, Master Charge and Visa are setting up to use the blockchain technology given its obvious benefits with regard to speed, accuracy, cost effectiveness, security, and more. Companies like […]
Decoding ICOs, What They Mean Here are some details relevant to the growing popularity of ICOs (initial coin offerings) It seems that we are living in a global news cycle dominated by stories revolving around blockchain and cryptocurrency, and the GCC region is no different. Dubai has announced plans towards becoming the 1st blockchain-powered government in […]
Americans Rate President Trump Highest on Economy, Wall Street Responds $DIA, $SPY, $QQQ, $VXX Americans evenly divided in their opinions of how President Donald Trump is handling the economy with 46% saying he is doing a good job and 47% saying he is doing a poor job of making the US prosperous, according to researcher Gallup. […]
Stocks Selloff in Leadership Change, Tech’s Under Pressure $DIA, $SPY, $QQQ, $VXX Monday, the selloff in technology majors deepened wiping out the tech-heavy NAS index’s gains for the year and pushing the benchmark S&P 500 below a Key technical mark for the 1st time in nearly 2 months. All the 11 major S&P sectors were […]
Big Tech Changes Coming Fast Big technolgy has been dominating the news and is a major driver of US stock markets. The sector’s narrative has changed with amazement at the power of disruptive innovation to change not just what we do but how we do it now and the consequences. This, of course has raised […]
Financials and Technology Lead Market Rebound $DIA, $SPY, $QQQ, $VXX The S&P 500 Index rose 2.7% at the close of trading in New York Monday Chipmakers and Banks led gains as the S&P 500 Index posted its biggest 1-day gainer since August 2015, 20 stocks climbed for each 1 that fell. The bounce erased Friday’s […]
President Trump, “US Technology is Not for Sale” $QCOM, $AVGO With President Trumps rejection of Broadcom Ltd.’s(NASDAQ:AVCO) hostile takeover of Qualcomm Inc., (NASDAQ:QCOM) he sent a clear signal to overseas investors: Any deal that could give China an edge in Key technology will be rejected in the name of national security. Broadcom is based in […]
Bitcoin: Threat or Blessing? $BTCUSD The debate between liberty and censorship has been going since the dawn of the world wide web, but seeming the success of Russia in the Y 2016 US election has brought on a crack down. Currently, Bitcoin is trading at: 11,533.6904,+450.966, or +4.07%, as of 6:32a GMT, the market is open. China […]
Bitcoin Traders Bid, Regulator Ponder $BTCUSD Bitcoin trading in the Green Thursday, Bitcoin traded in the Green, breaking $11,000 Key resistance mark. Most exchanges listed the # 1 cryptocurrency higher about 4% at around $10,800 earlier on the day Currently, Bitcoin is trading at: 11,065.0947, +547.30, or +5.20%, at 6.54a GMT, the market is open. With a majority […]
US Lawmakers See Value in Blockchain Tech and Cryptocurrencies $BTCUSD Tuesday, US lawmakers pressed the 2 Top US securities regulators on cryptocurrency, and now the approach is ‘do no harm’ to the digital currency market, and monitor the ICO market. With that, a new Rally lit up Currently, Bitcoin is trading at: 7,549.9951, +1,578.52, or +26.43%, […]
Blockchain Ventures to Achieve Mass Adoption Quickly Major industries adopting blockchain management Among the blockchain industry’s challenges, the Key issue has been achieving mainstream adoption of the disruptive technology. There is strong belief in the technology, as large enterprises and financial institutions are forging ahead with their respective projects. While most blockchain ventures are focused […]
The Big Q: Why are Crypto Exchanges Vulnerable to Hacks? $BTCUSD Blockchain technology can make transactions safe and secure, but crypto-currency exchanges that trade Bitcoins and other virtual currencies that are based on this technology have been hacked because they are not working on secure networks. Late last week, the Tokyo-based Coincheck exchange reported a […]
Blockchain, Bitcoin Ushering in a New Age in Retail Spending $BTCUSD, $SBUX, $AMZN Starbucks (NASDAQ:SBUX) Chairman Howard Schultz has said in the past that retail was going to witness “a seismic change” in consumer behavior because of technology, most notably the Amazon (NASDAQ:AMZN) effect and the explosion of e-Commerce. “I think if you look at […]
SEC Taking a Hard Look at ‘Overnight’ Digital Currency Companies $BTCUSD Monday, the US Securities and Exchange Commission (SEC) made it known that it is taking a hard look at public companies that change their name and/or business model in a bid to capitalize upon the investor frenzy, and hyperbole surrounding blockchain technology, SEC Chairman […]
This is a Strong Start for The Trump Economy Beginning last Spring, US GDP has averaged about 3%, that is much stronger than either during the Bush (43) or Hussein Obama (45) Presidencies. This Winter, consumers are likely to pull back some and pay off credit-card balances accumulated during the holiday shopping season. Then, with […]
Bitcoin: Professional Traders Up Net Shorts At Year’s End $BTCUSD, $CME, $CBOE, $FB Trading in Bitcoin is volatile, while .DXY takes a beating In November, Bitcoin fell almost 30% in 4 days from $7,888 to $5,555. In September, it fell 40% from $4,979 to $2,972. And ETF specialist asset manager focused on technology, said in his newsletter […]
Bitcoin: Professional Traders Up Net Shorts At Year’s End $BTCUSD, $CME, $CBOE Trading in Bitcoin is volatile. In November, Bitcoin fell almost 30% in 4 days from $7,888 to $5,555. In September, it fell 40% from $4,979 to $2,972. And ETF specialist asset manager focused on technology, said in his newsletter that investors had displayed […]
Cryptocurrencies Shaping Future of Business $BTCUSD, $CBOE, $CME When it comes to cryptocurrencies, their role is not rising, it has risen. Bitcoin 1st launched in Y 2009, and it was followed 4 years later by its primary competition, Ethereum. These 2 competitors are joined by dozens of other cryptocurrencies to create a comprehensive ecosystem that […]
Caution, “I Wouldn’t Touch Bitcoin, Risk of Collapse Too Big” $BTCUSD,$USB, $UBSH Over the past year, Bitcoin, a digital cryptocurrency with no physical backing that can be sent electronically from one user to another, has risen in value more than 1,400%. Elliott Prechter, Head of Computer Analysis at Elliott Wave International, recommended Bitcoin to subscribers […]
President Trump’s Tax Reform to Drive Stock Market Higher $DIA, $SPY, $QQQ, $VXX The biggest reform of the US tax system in more than 30 years won final approval by lawmakers Wednesday, we expect it to drive a continuing rally in technology issues that has driven Wall Street to record highs this year. The Trump […]
China says, “We are rising, accept it.” Tuesday, the Chinese government criticized US President Donald Trump’s decision to label Beijing a strategic rival and called on Washington to “abandon a Cold War mentality” and accept China’s rise. President Trump’s decision reflects a “victory of hardliners” in his administration, the official news agency said. It warned […]
Bitcoin Leads to ‘Revolution’ in Commodity Trading $BTCUSD, $IBM, $UBS The rise of Bitcoin is amazing the world’s financial gurus, and now blockchain, the digital-ledger system is set to do the same in Y 2018 for trading in raw materials commodities, as it is being adapted to streamline physical transactions. Two months ago 4 banks joined […]
The Invasion of the Sexbots While sexbots are currently quite primitive, a new report published in the Journal of Sexual and Relationship Therapy argues that before long they will be able to look, speak and act like real people – and will be specifically designed to fulfill a person’s desires. In as few as 25 […]
Dubai’s Annual Innovation Showcase This year’s GITEX Technology Week proved to be a Key barometer of the Emirate’s progress in becoming a Digital Hub Again this year’s GITEX Technology Week in Dubai was a showcase of the latest and greatest innovations from the world over. Dubai Police drew international headlines with a hover-bike produced in […]
US Stock Indexes Post Record Highs, Tech and Energy Outperform $DIA, $SPY, $QQQ, $VXX On this sleepy Friday The Trump Rally extended, as stocks set more records in post-Holiday trading as technology companies outperformed, and Energy companies rose with the price of Crude Oil. The Standard & Poor’s 500 index rose 5.34 points, or 0.2%, to […]
Ferrari’s (NYSE:RACE) Racing Tech Comes Together in the FXX-K Evo $RACE Ferraris engineers and designers brought all of their latest innovations and advancements used in their cars that compete in Formula 1, GT3, GTE, and Challenge, and out came the FXX-K Evo. The car is built around the powerplant in the La Ferrari, a 6.3-liter […]
Banks Desperate to Stop Cryptocurrencies Like Bitcoin $BTCUSD, $JPM Recently, Jamie Dimon, CEO of JP Morgan (NYSE:JPM) said publicly that Bitcoin is a fraud that is waiting to blow up. The story came a month after China’s ban on Initial Coin Offer (ICO), an unregulated way of raising financing by cryptocurrency startups. Following the statement, […]
Financials, Tech Led US Market to Record Highs, Again $DIA, $SPY, $QQQ, $VXX Senate takes another step toward tax reform by passing budget blueprint Top-weighted financials and technology sectors show relative strength Technology and Financial stocks lifted Wall Street Friday, as investor optimism received a fresh boost from Washington, where The Trump Administration stepped closer […]
Tesla (NASDAQ:TSLA) Model 3 Reliability Likely to Be ‘Just’ Average $TSLA, $TM, $GM Tesla Inc.’s (NASDAQ:TSLA) new Model 3 sedan is likely to have “average” reliability despite production snags. Consumer Reports magazine said on Thursday. The magazine said its survey of 640,000 vehicles showed that all-new vehicles or models with newly updated technology are more […]
The GCC is in Tech Transformation Mode From less traffic congestion on roads to connected healthcare systems, smart cities are moving to revolutionize the way the region functions The GCC region has been witnessing transformation on an unprecedented scale in the last few years, with economic challenges and technological progress having a combined effect on […]
What to Expect at Gitex this Year The annual Gitex Technology Week at the Dubai World Trade Center reflects the region’s mounting emphasis on Digital Transformation Technology has become the buzzword in the Middle East in recent years, and with governments taking the lead in adopting new technologies, the sector is seeing unprecedented growth. One […]
ICOs ALERT: SEC CYBER UNIT and TASK FORCE ICO With increased attention to how securities laws may apply to digital token sales and the disruptive nature of increased cyber threats to the investor community, the Securities Exchange Commission (“SEC”) last week announced two new initiatives. The SEC’s press release, found here, outlined the creation of the […]
Telstra Corporation Ltd (ASX:TLS) HEFFX Highlights Ericsson and Telstra have announced achieving the encryption of data while in transit over a 100Gbps link between Australia and the United States by using telecommunications equipment and software provider Ciena’s 100Gbps wire-speed ultra-low latency encryption solution. Using optical encryption technology, the companies claimed the ability to secure data […]
Bitcoin is an Experiment About “The Payday” Not its Potential as Money $BTCUSD, $IBM Cryptocurrencies are not a store-of-value or a safe-haven for anyone’s money or assets. In the beginning, Bitcoin was something of a revolution to me. The digital currency represented everything from my rebellious youth. It was a decentralized, denationalized, and digital currency […]
China’s FDI Dives After PBOC Curbs China’s investment in other countries has taken a deep dive since Beijing tightened controls to cool surging spending on assets deemed unneeded for Chinese economic development. Outward investment, aka FDI (foriegn direct investment), in the 1st 8ht months of this year fell 41.8% rom a year earlier to $68.7-B, […]
US Market Rallies on Positive Trump Tax Cut News $DIA, $SPY, $QQQ, $VXX US stocks finished up Tuesday, with the 3 major indexes posting their best 1-day gainers in over a week, as lawmakers’ comments on tax reform and the debt ceiling boosted investor optimism. Wall Street rallied Tuesday as participants “bought the dip” that […]
Telstra Corporation Ltd (ASX:TLS) HEFFX Highlights Fresh from a share price battering yesterday Telstra Corporation Ltd (ASX: TLS) is now trying to persuade investors that the decision to slash its dividend nearly 30% is the right one for the long-term strength of the business. Back on July 18 Telstra’s chairman softened up the market to […]
Beijing Has “New Rules” for Outbound Investment China has codified its rules on overseas investments, making explicit its campaign against irrational acquisitions of assets in industries ranging from real estate to hotels and entertainment. The authorities set out 3 categories: Banned, Restricted and Encouraged (see the lists below) Beijing has outlawed investments in gambling and sex […]
Gains in Big Tech Driving Stock Indexes to Record Highs $QQQ Gainers in big technology companies helped lift the market higher Monday once again into record territory. The Standard & Poor’s 500 index closed at an all-time high, as did the DJIA. The latest gain extended the Dow’s winning streak to 10 days running. Traders […]
Elon Musk’s Hyperloop Is Doomed When Elon Musk Tweeted that he had “ verbal govt approval” to build a Hyperloop to carry passengers from New York to Washington in 30 mins, everyone with a lick of sense about transportation rolled their eyes. It was obviously delusion, fantasy, and hype, science-fiction nonsense. In a different era, […]
Dubai Backed Hyperloop One Completes Phase 2 Testing The company would open its 1st international office in Dubai in September. Dubai-backed Hyperloop One, the company building the high-speed hyperloop transportation system, has successfully completed the second phase of testing in the Nevada desert, it announced on Wednesday. The company completed Phase 2 testing on 29 […]
Hyperloop One Marks MPH Milestone Los Angeles-based Hyperloop One’s electromagnetically propelled passenger pod reached nearly 200 mph in its most recent milestone announced Wednesday. Executives of the 3-year-old tech company say they’re now ready for global commercialization of the new energy-efficient, autonomous transportation system. They wrapped up the 2nd phase of engineering tests of the […]
Telstra Corporation Ltd (ASX:TLS) HEFFX Highlights Investors have slammed down the receiver on Australian telco Telstra Corp (TLS.AU) in recent months, but some analysts reckon the sell-off has been overdone. Shares in the former monopoly have slumped by almost a third over the last year on fears relating to a new entrant into the Aussie […]
TechCo’s Ignore SEC Warnings on ICOs Some technology companies looking to raise money by issuing digital coins are moving ahead with plans despite an SEC decision that their offerings may well be subject to toughen US securities laws. Such ICos (initial coin offerings) have helped startups to raise $1-B YTD, but until last week it […]
Telstra Corporation Ltd (ASX:TLS) HEFFX Summary TPG’s proposed mobile network is only a “benign” threat to Telstra, but will introduce competitive pressures that may force the incumbent to increase spending to retain its core mobile customer base, a UBS analyst note has warned. This additional spending may see shareholders receiving less than anticipated of the […]
Shares of Big US Banks Rally on Strong Payout Plans, Tech Falling $DIA, $SPY, $QQQ, $VXX, $JPM, $KEY Thursday, shares in the biggest US banks rose after they revealed buyback and dividend plans that topped analyst expectations after the Fed approved capital proposals in its annual stress test program. The S&P 500 Bank sector index […]
World War 3: Humans Vs Artificial Intelligence, Humans the Victors $BABA Alibaba (NYSE:BABA) founder Jack Ma predicts that in 30 years. people will work “4 hours a day and maybe 4 days a week.” He also warned that AI (artificial intelligence) could set off World War III, but that humans will win. “The 1st technology […]
GOP Lawmakers Optimistic on Tax Reform This Year $DIA, $SPY, $QQQ, $VXX US Stock Market Indexes Climb to New Record Highs, as The Trump Rally Extends Paul Ryan (R-WI), the top Republican in the US House of Representatives will reassure America’s business leaders Tuesday that tax reform is on track for this year. In what […]
Robots to Serve and Entertain More than 50 companies are showcasing a new generation of robots at this week’s Shanghai CES electronics show, built to serve as companions at home, attendants at shopping malls or just provide entertainment. Chinese companies including Shenzhen-based startup Aelos Robotic Inc. are displaying robots with heightened dexterity and skills. Beijing’s […]
Macao Researchers Develop Room Temperature Storage Technology for Stem Cells he University of Macao (UM) researchers developed a new way to store stem cells at room temperature for a minimum of 7 days without the loss of viability and biological activities, the university’s said in a press release Thursday. UM said its researchers from Faculty […]
Dubai Now Boasts Its Own Typographic Font Not content with having the world’s tallest building, an indoor ski slope and countless other “wonders”, Dubai now boasts 1 more: its own typographic font. The forward-looking Mideast business hub unveiled the new font designed with Microsoft’s help Sunday. The government communication office says the Dubai Font integrates […]
The Energy Infrastructure Needed to Power Devices We Depend on is Massive $URA, $GE, $HTHIY, $UUUU, $SYHBF Human behavior is often influenced by new technologies. Go to a local mall or sit on subway car and see how many people are glued to their cellphones and tablets. Certainly advances in technology have, in many cases, […]
Should Robots Be Taxed If They Take People’s Jobs? $GOOGL, $AMZN Economist Robert Shiller says that just “maybe” robots should be taxed if they end up taking away jobs from hard-working Americans. Professor Shiller argued that there has been a flood of innovations that make life easier for people, yet eliminate the human element, such […]
About 90% of Americans are “Addicted” to Their Digital Gadgets The Big Qs: Are you? Did your date check her e-Mail just as you were about to deliver a punch line? Did your friend reply to a text while you were describing a Key visual? Is your child so engrossed in whatever he is doing […]
Update: Lighting Specialty Company, Solis Tek Inc. (OTCMKT:SLTK) $SLTK Now Downgraded target 80c Solis Tek Inc. (OTCMKT:SLTK) focuses on the research, design, development, and manufacturing of advanced and energy efficient indoor horticulture lighting and ancillary equipment in the United States and internationally. The company offers old digital ballasts; metal halide, and mercury vapor and high-pressure […]
Specialty Lighting Company, Solis Tek Inc. (OTCMKT:SLTK) Announces Record Earnings $SLTK Now Downgraded target 80c Friday, Solis Tek Inc. (OTCMKT:SLTK), a leading provider of digital lighting equipment for hydroponic cannabis cultivation, reported record revenues for the year ended December 31, 2016 of $8,563,751 compared to revenue of $7,713,456 in 2015. This represents an 11% increase […]
Investors See Tech Driven Trump Rally Extending $XLK, $AAPL, $FB Technology companies have been a driving force behind the US stock market’s Trump Rally to record highs, and despite mounting evidence of stretched valuations the sector is a paramount pick for investors expecting a wave of capital spending by US corporations. Corporate tax cuts and […]
Crowdfunding the Future, this is Just the Beginning Blockchain-based crowdfunding is becoming a huge phenomenon, with tens of millions of dollars pouring into different ICOs (Initial Coin Offerings) over the course of Y’ 2016, and Y 2017 is set to be an even bigger year as the technology matures. Like all new technologies and movements, […]
GAWK Appoints Industry Veteran CTO Michael Shader to Oversee Product & Service Development $GAWK Gawk Inc., (OTCPK:GAWK) a cloud-based communications company, today announced the appointment of Michael Shader as chief technology officer (CTO). Mr. Shader is widely regarded as a visionary innovator and brings to Gawk well-established industry credentials as a technology leader. He has […]
US Stocks Finished Higher on Energy and Technology Gains $DIA, $SPY, $QQQ, $VXX US stocks ended higher Wednesday extending The Trump Rally, as energy and technology gains countered a drop in healthcare stocks after President Elect Donald Trump said pharmaceutical companies were “getting away with murder” by charging high prices. The NAS Comp ended the day […]
Abu Dhabi in Talks to Invest in $100-B SoftBank’s Vision Fund $SFTBY, $AAPL, $ORCL, $DB, $UBS Saudi Arabia’s Public Investment Fund is a major backer of the fund Abu Dhabi’s sovereign wealth fund is said to be among the parties in talks to invest in Japanese telecoms group SoftBank’s (OTCMKT:SFTBY)$100-B technology fund. The FT cited people […]
Knight Capital Funding With New Chief Data Scientist Knight Capital Funding, a financial services company dedicated to delivering working capital to small and medium sized businesses in an efficient and transparent manner, announced the hiring of Alex Kondratyev as its Chief Data Scientist. Kondratyev had been providing financial consulting to Knight Capital prior to accepting […]
Trump Rally Extends, Financials and Techs Lead $DIA, $SPY, $QQQ, $VXX US stocks rose Monday as investors bought banks and technology company stocks, which have been mostly left out of a post-election rally. The DJIA marked another record high. Energy companies rose as the price of Crude Oil reached its highest marks since July 2015. […]
US Dept of Transportation Wants People To Drive Their Cars $TSLA, $GOOGL, $AAPL I an the majority of automobile drivers have 3 Key problems with the new generation of apps and software which are installed in this generation of some cars. They often malfunction. They are hard to learn and use They distract the driver […]