Woman feeding pigs in China. Huawei is turning to technology for pig farmers as it deals with tough sanctions on its smartphones. The Chinese telecoms giant was stopped from accessing vital components after the Trump administration labelled it a threat to US national security. In response to struggling smartphone sales, Huawei is looking at other sources of revenue for its technology. Along with Artificial Intelligence (AI) tech for pig farmers, Huawei is also working with the coal mining… Source link
Read More »S&P 500, Nasdaq fall as tech slides and inflation concerns weigh
By April Joyner NEW YORK (Reuters) – The S&P 500 and the Nasdaq fell on Wednesday as concerns about inflation pressured stocks and investors rotated out of technology shares. The Dow Jones Industrial Average edged higher, however, aided in part by gains in shares of Verizon Communications Inc and Chevron Corp, which rose after Warren Buffett’s Berkshire Hathaway Inc disclosed major investments in the companies on Tuesday. Verizon shares climbed 5.0%, and Chevron shares advanced 2.7%. Technology… Source link
Read More »US needs to prepare for fall, COVID-19 resurgence
News of Moderna’s vaccine’s weakened response to the South African strain (B.1.351) of the coronavirus is raising more alarm bells amid the ongoing pandemic. Experts have been watching the strain closely as it may be resilient to the vaccine. Though it has not yet been detected in the U.S., the country should prepare for its potential spread, experts warn. Dr. Anthony Fauci said as much on CBS Sunday, and Moderna (MRNA) CEO Stéphane Bancel told Yahoo Finance Monday that Fauci agreed with… Source link
Read More »Home prices could fall 47.9% in worst case scenario without government help
The Canadian Press The Latest: Fauci to resume virus updates in White House WASHINGTON — Dr. Anthony Fauci is back in the White House briefing room. Fauci, the nation’s leading infectious disease expert, was tasked by President Joe Biden to give an update on the coronavirus pandemic after largely being sidelined in recent months by former president Donald Trump. Fauci said the new administration would “be completely open and honest” in dealing with the pandemic and, in an implicit… Source link
Read More »UK stocks, pound fall as COVID strain prompts Europe to shut borders
Watch: Pound and FTSE 100 fall sharply as markets react to Europe’s UK travel bans UK stocks and the pound sold off sharply on Monday morning, as investors reacted to fresh pandemic restrictions in Britain and news that much of Europe had shut its borders to the UK. Billions were wiped off the FTSE 100 on Monday morning after a new more infectious strain of COVID-19 sparked panic among investors. Stock markets fell sharply around the globe amid fears that the strain could spread… Source link
Read More »Stocks fall with rising COVID-19 cases, stimulus in focus
TipRanks Billionaire Ray Dalio Picks Up These 3 “Strong Buy” Stocks Sometimes, the experts will tell us what we already know. Ray Dalio, the founder of Bridgewater Associates, has built a legendary reputation in financial circles, for taking his firm from a home business in his two-bedroom apartment to the international hedge fund giant, employing over 1,500 people and managing more than $138 billion in total assets. But when questioned on how he did it, or how today’s investors can… Source link
Read More »Spence, Crawford to blame for boxing’s fall
Errol Spence Jr. celebrates after a unanimous decision win against Danny Garcia on Saturday at AT&T Stadium in Arlington, Texas. (Photo by Ronald Martinez/Getty Images) After Terence Crawford knocked out Kell Brook in Las Vegas on Nov. 14, he was asked if he’d call out Errol Spence Jr. He replied by saying it was the media’s job to call for the fight. On Saturday, after Spence soothed any fears that his Oct. 10, 2019, auto accident may have stolen his greatness by routing Danny Garcia to… Source link
Read More »Google’s Arguments on Copyright Fall Flat at the Supreme Court
google-oracle The long-awaited oral argument in Google v. Oracle took place in early October and it was as lively as anticipated. To give a short overview, the facts are unfavorable to Google. The company, seeking to attract developers to its Android mobile operating system, incorporated components of the popular Java platform but refused the license it was offered. Instead, it blatantly copied over 11,000 lines of Oracle’s declaring code, as… Source link
Read More »Vaccine rollout could cause U.S. dollar to fall 20% in 2021
TipRanks RBC Predicts Over 100% Rally for These 3 Stocks The news lately is focused on the advent of coronavirus vaccines. First Pfizer announced that it had a product in trials, which was showing a 90% efficacy rate, and now Moderna has joined the chorus, with a vaccine that is showing even higher effectiveness, on the order of 94.5%. Between the two news releases, investors are feeling confident; we may be out of the COVID woods sooner than has been anticipated.In a report on the new vaccine… Source link
Read More »Stock futures fall, pausing after four-day rally as investors await election results
TipRanks These 3 5G Stocks Are Must-Watch Names, Say Top Analysts Let’s take a short break from the election drama, and look at 5G. The new wave in networking technology, 5G has sparked an ongoing revolution in the way wireless connections are made. The new network systems offer far higher speeds, much lower latency, and greater data capacity than existing 4G networks, and the implications for high-tech are enormous. Internet of Things, autonomous cars, teledoctor facilities, streaming on… Source link
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