Money
Nvidia is reportedly in 'advanced talks' to acquire Arm Holdings
- August 02, 2020
A Financial Times report claims that Nvidia is in talks to acquire chipset designer Arm from SoftBank in a deal valued at over $32 billion. According to The Verge, Nvidia would make an interesting owner for ARM. But the two companies have recently expanded their work together, with Nvidia a year ago unveiling a major move to support a new reference architecture and ecosystem support for GPU-accelerated Arm-based servers. (more...)
- August 02, 2020
A Financial Times report claims that Nvidia is in talks to acquire chipset designer Arm from SoftBank in a deal valued at over $32 billion. According to The Verge, Nvidia would make an interesting owner for ARM. But the two companies have recently expanded their work together, with Nvidia a year ago unveiling a major move to support a new reference architecture and ecosystem support for GPU-accelerated Arm-based servers. (more...)
TUI To Close 166 High Street Stores After Changes In Customer Habits
- August 02, 2020
About 350 retail stores will remain following the closures. The store on Front Street is still listed as "closed" on the TUI website . "It is therefore imperative that we make these hard cost decisions and do our best to look after our colleagues during such unprecedented uncertainty". (more...)
- August 02, 2020
About 350 retail stores will remain following the closures. The store on Front Street is still listed as "closed" on the TUI website . "It is therefore imperative that we make these hard cost decisions and do our best to look after our colleagues during such unprecedented uncertainty". (more...)
FCC greenlights Amazon's Kuiper 3236 satellite broadband constellation
- August 02, 2020
In its initial FCC filing , Amazon claimed that an estimated 3.8 billion people around the world don't have reliable access to broadband internet, a problem that's been brought into stark relief as students of underserved communities struggle to attend virtual classes amid the covid-19 pandemic. (more...)
- August 02, 2020
In its initial FCC filing , Amazon claimed that an estimated 3.8 billion people around the world don't have reliable access to broadband internet, a problem that's been brought into stark relief as students of underserved communities struggle to attend virtual classes amid the covid-19 pandemic. (more...)
Australian state of Victoria imposes curfew, state of disaster to contain coronavirus
- August 02, 2020
The restrictions mean from 11.59pm Wednesday the only reason people in regional Victoria will be able to leave home is for shopping for food and essentials, care and caregiving, work and study, and daily exercise. The State of Disaster in Victoria, in place from 6pm on Sunday night, will exist in addition to the State of Emergency already in place, which gives police additional powers. (more...)
- August 02, 2020
The restrictions mean from 11.59pm Wednesday the only reason people in regional Victoria will be able to leave home is for shopping for food and essentials, care and caregiving, work and study, and daily exercise. The State of Disaster in Victoria, in place from 6pm on Sunday night, will exist in addition to the State of Emergency already in place, which gives police additional powers. (more...)
Federal Reserve says economic recovery depends on Covid-19
- August 02, 2020
High-frequency economic indicators are pointing to a stall in the USA economic rebound as consumers hold back from activities like dining out and air travel. The vote to leave the federal funds target rate in a range of 0% to 0.25% was unanimous. The Fed said that over the coming months the Federal Reserve will increase its bond holdings "at least at the current pace". (more...)
- August 02, 2020
High-frequency economic indicators are pointing to a stall in the USA economic rebound as consumers hold back from activities like dining out and air travel. The vote to leave the federal funds target rate in a range of 0% to 0.25% was unanimous. The Fed said that over the coming months the Federal Reserve will increase its bond holdings "at least at the current pace". (more...)
German economy sees deepest decline on record
- August 02, 2020
France's economy started shrinking in the last quarter of 2019, before the coronavirus pandemic hit Europe with full force. Having endured what was surely a record-shattering slump last quarter, the US economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year. (more...)
- August 02, 2020
France's economy started shrinking in the last quarter of 2019, before the coronavirus pandemic hit Europe with full force. Having endured what was surely a record-shattering slump last quarter, the US economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year. (more...)
Red onions from the USA could contain salmonella, health officials warn
- August 02, 2020
Sysco is recalling pink onions imported from the US from {the marketplace} attributable to attainable Salmonella contamination. The cases have been presumptively linked to red onions coming from Thomson International, Inc., Bakersfield, California. (more...)
- August 02, 2020
Sysco is recalling pink onions imported from the US from {the marketplace} attributable to attainable Salmonella contamination. The cases have been presumptively linked to red onions coming from Thomson International, Inc., Bakersfield, California. (more...)
How major United States stock indexes fared Thursday
- August 02, 2020
The Standard and Poor's 500 dropped 12.22 points, or 0.4%, to 3,246.22, with almost 3 out of 4 stocks in the index falling. Phil Toews, chief executive officer of Toews Corp in NY, said the market had been influenced by the central bank and positive momentum. (more...)
- August 02, 2020
The Standard and Poor's 500 dropped 12.22 points, or 0.4%, to 3,246.22, with almost 3 out of 4 stocks in the index falling. Phil Toews, chief executive officer of Toews Corp in NY, said the market had been influenced by the central bank and positive momentum. (more...)
Aged care fears as one new Qld case confirmed
- August 02, 2020
Haja Timbo, 21, Olivia Muranga, 19, and Diana Lasu, 21, are facing up to five years in jail after returning to Queensland from a trip to Melbourne, via Sydney . "What is happening in Victoria could very well happen here", she said. Deputy Commissioner Steve Gollschewski said police had high confidence they had all the details and information they needed in relation to the case. (more...)
- August 02, 2020
Haja Timbo, 21, Olivia Muranga, 19, and Diana Lasu, 21, are facing up to five years in jail after returning to Queensland from a trip to Melbourne, via Sydney . "What is happening in Victoria could very well happen here", she said. Deputy Commissioner Steve Gollschewski said police had high confidence they had all the details and information they needed in relation to the case. (more...)
Eurozone GDP Shows Record 12.1% Slump in Q2 2020, Eurostat Reports
- August 01, 2020
Spain, however, recorded an 18.5 percent plunge in second-quarter GDP, reflecting one of the most stringent COVID-19 lockdowns in Europe which battered its key tourism industry. In another hopeful sign, consumer spending - the traditional engine of the French economy - shot back above its pre-lockdown level in June, INSEE said. (more...)
- August 01, 2020
Spain, however, recorded an 18.5 percent plunge in second-quarter GDP, reflecting one of the most stringent COVID-19 lockdowns in Europe which battered its key tourism industry. In another hopeful sign, consumer spending - the traditional engine of the French economy - shot back above its pre-lockdown level in June, INSEE said. (more...)
Singapore Airlines shares plunge after posting record loss
- August 01, 2020
Its SilkAir unit ceased all operations temporarily except for flights to Chongqing, China, and has indefinitely suspended flights to the Thai resort island of Koh Samui. Singapore Airlines said the "recovery trajectory in global air travel is slower than initially expected" as the worldwide Air Transport Association (IATA) said in a media call on Tuesday (28 July). (more...)
- August 01, 2020
Its SilkAir unit ceased all operations temporarily except for flights to Chongqing, China, and has indefinitely suspended flights to the Thai resort island of Koh Samui. Singapore Airlines said the "recovery trajectory in global air travel is slower than initially expected" as the worldwide Air Transport Association (IATA) said in a media call on Tuesday (28 July). (more...)
New 2021 Mercedes S-Class technology detailed
- August 01, 2020
As seen here in a teaser, the T-Class compact van will arrive in the first half of 2022, but we could expect to see it in the concept guise before that. As such, the T-Class may take some inspirations from elder sibling V-Class which is Mercedes' main workhorse in the MPV segment and offers a high level of comfort and a capable drive. (more...)
- August 01, 2020
As seen here in a teaser, the T-Class compact van will arrive in the first half of 2022, but we could expect to see it in the concept guise before that. As such, the T-Class may take some inspirations from elder sibling V-Class which is Mercedes' main workhorse in the MPV segment and offers a high level of comfort and a capable drive. (more...)
Board Due To Differences Over Editorial Content
- August 01, 2020
James Murdoch , brother of News Corp head Lachlan Murdoch, is leaving the company, citing disagreements over editorial content. Ina filing with the SEC, News Corp. "We wish him the very best in his future endeavours". Fox News is now housed under the Fox Corporation, a separate business entity from News Corp. (more...)
- August 01, 2020
James Murdoch , brother of News Corp head Lachlan Murdoch, is leaving the company, citing disagreements over editorial content. Ina filing with the SEC, News Corp. "We wish him the very best in his future endeavours". Fox News is now housed under the Fox Corporation, a separate business entity from News Corp. (more...)
Oil Prices Slip as Coronavirus Case Surge Dents Fuel Demand Hopes
- July 31, 2020
Inventories of crude oil in the USA dropped by 6.8 million barrels last week to 531 million barrels, data from industry group the American Petroleum Institute showed yesterday. "Despite the resilient and range-bound nature of oil pricing over recent weeks, plateauing global demand and increasing OPEC+ output raises the question of whether the market can absorb additional barrels", RBC Capital Markets said in a note. (more...)
- July 31, 2020
Inventories of crude oil in the USA dropped by 6.8 million barrels last week to 531 million barrels, data from industry group the American Petroleum Institute showed yesterday. "Despite the resilient and range-bound nature of oil pricing over recent weeks, plateauing global demand and increasing OPEC+ output raises the question of whether the market can absorb additional barrels", RBC Capital Markets said in a note. (more...)
Rio Tinto profit falls but dividend increases amid ‘exceptional performance’
- July 31, 2020
Shares of Rio Tinto PLC (LON: RIO ) gained 1.5% today after the mining giant reported better-than-expected first-half profit. Underlying earnings from iron ore , which typically accounts for about 80 per cent of Rio's earnings, gained 1 per cent to $US4.56 billion ($A6.35 billion) in the half-year, and shipments rose three per cent. (more...)
- July 31, 2020
Shares of Rio Tinto PLC (LON: RIO ) gained 1.5% today after the mining giant reported better-than-expected first-half profit. Underlying earnings from iron ore , which typically accounts for about 80 per cent of Rio's earnings, gained 1 per cent to $US4.56 billion ($A6.35 billion) in the half-year, and shipments rose three per cent. (more...)
Facebook surge leads tech megacaps higher, but Alphabet stumbles
- July 31, 2020
Its DAU number increased to 1.79 billion, up 12% from June 2019. Amazon stock was up by as much as 6% in after-hours trading. Powered by stay-at-home consumption, America's biggest e-commerce platform posted striking sales results and beat analysts' forecasts in both revenue and earnings. (more...)
- July 31, 2020
Its DAU number increased to 1.79 billion, up 12% from June 2019. Amazon stock was up by as much as 6% in after-hours trading. Powered by stay-at-home consumption, America's biggest e-commerce platform posted striking sales results and beat analysts' forecasts in both revenue and earnings. (more...)
Kodak shares up after COVID-19 drugs deal
- July 31, 2020
The Eastman Kodak Company, more commonly known as Kodak, is reportedly on the verge of entering the global pharmaceuticals space, with the launch of its new arm, Kodak Pharmaceuticals . The $765m funding is the first action occurring under the president's executive order, which authors the International Development Finance Corp. This authority is carried out in close partnership and coordination with DOD, which bears all costs of DFC's DPA program. (more...)
- July 31, 2020
The Eastman Kodak Company, more commonly known as Kodak, is reportedly on the verge of entering the global pharmaceuticals space, with the launch of its new arm, Kodak Pharmaceuticals . The $765m funding is the first action occurring under the president's executive order, which authors the International Development Finance Corp. This authority is carried out in close partnership and coordination with DOD, which bears all costs of DFC's DPA program. (more...)
Alphabet revenue falls for first time ever as ad sales slump
- July 31, 2020
The slide was a stark contrast to digital advertising rival Facebook Inc., which saw overall revenue grow 11% in the quarter. Alphabet and Google Chief Financial Officer Ruth Porat also acknowledged that the company is continuing to "navigate through a hard global economic environment". (more...)
- July 31, 2020
The slide was a stark contrast to digital advertising rival Facebook Inc., which saw overall revenue grow 11% in the quarter. Alphabet and Google Chief Financial Officer Ruth Porat also acknowledged that the company is continuing to "navigate through a hard global economic environment". (more...)
Huawei unseats Samsung in smartphone ranking
- July 31, 2020
This is most likely due to the dominance Huawei in the Chinese market, but that is largely irrelevant now. Another victor in the second quarter was Apple , which finished fifth in China, as the US tech giant achieved the highest year-on-year smartphone shipment growth of 35% with 7.7 million units. (more...)
- July 31, 2020
This is most likely due to the dominance Huawei in the Chinese market, but that is largely irrelevant now. Another victor in the second quarter was Apple , which finished fifth in China, as the US tech giant achieved the highest year-on-year smartphone shipment growth of 35% with 7.7 million units. (more...)
Inflation dropped 1.9 pct in June quarter
- July 31, 2020
The federal government's free childcare program, costing taxpayers $1.6billion, caused those costs to plunge by 95 per cent while the provision of free preschool in New South Wales, Victoria and Queensland sparked a 16.2 per cent plummet in the cost of primary education costs. (more...)
- July 31, 2020
The federal government's free childcare program, costing taxpayers $1.6billion, caused those costs to plunge by 95 per cent while the provision of free preschool in New South Wales, Victoria and Queensland sparked a 16.2 per cent plummet in the cost of primary education costs. (more...)
Latest news
Oil steadies as frail demand outlook tempers USA stock drawdown