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This basket consists of stocks expected to benefit from self-driving cars.
Microfost has had an incredible year, from the growth of its cloud business to its plans to roll out a new game streaming service in 2020.
Zoom Video Communications is about to do its part to save the USPS.
Alarm clocks were one of the most obvious implementations since the introduction of the smart screen. Devices like Lenovo’s Smart Clock and the Amazon Echo Show 5 have demonstrated some interesting features in the bedside display form factor, and Google has worked with the former to refine the experience. Per a blog post that went up this morning, the alarm ringtone is based on the company’s open-source project, Magenta.
U.S. electric vehicle maker Tesla Inc plans to increase prices of imported Model 3 vehicles in China in January, sources familiar with the matter said. Tesla plans to increase prices of imported Model 3 vehicles with longer range and those with performance function, which are currently priced at 439,900 yuan (£48,710.49) and 509,900 yuan, respectively. The move comes as Tesla, which is building a car plant in Shanghai, aims to deliver China-made Model 3 sedans, which are priced at 355,800 yuan, to customers before Jan. 25 next year.
The self-driving systems developer led by Bryan Salesky, who got his start developing automated vehicles for a Defense Department sponsored competition 12 years ago, is at the centre of a multibillion-dollar bet by its auto giant partners that autonomous vehicle technology must be good for more than replacing taxi drivers. "I hate the word robotaxi," Salesky said in a rare interview at Argo's Pittsburgh headquarters. The Argo business plan hinges on a unique revenue-sharing deal that will pay Argo fees based on miles travelled in self-driving Ford and VW vehicles equipped with Argo's technology.
Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany's Bild newspaper reported on Wednesday. Last month, Tesla Chief Executive Elon Musk announced that a site in Gruenheide, Brandenburg, had been chosen to build Tesla Model 3 and Model Y vehicles. German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros (£3.44 billion) in the plant.
Like many Uber drivers in Sao Paulo, the ride-hailing app's busiest city in the world, Augusto Caio Pereira does not actually own or lease the car he nudges through the city's notorious traffic jams every day. Instead, he rents Brazil's best-selling car, the Chevrolet Onix hatchback, for 390 reais (£72.44) a week from Localiza Rent a Car, the country's largest rental company. Pereira lost his job at a law firm a few months ago, joining Brazil's 12 million unemployed.
(Bloomberg) -- Tesla Inc. aims to produce as many as 500,000 of its Model 3 and Model Y electric cars annually at its planned factory close to Berlin, Bild Zeitung reported.The carmaker will employ about 10,000 people at the site, which will occupy an area equivalent to 420 soccer fields, the newspaper said, citing initial plans for the factory, which shows a complete production line as well as testing facilities. Construction is set to start next year.Tesla Chief Executive Officer Elon Musk wants Germany to sweep away its notorious red tape to speed construction of the facility, avoiding the bureaucracy that’s held up building Berlin’s new airport. Economy Minister Peter Altmaier said this week that he will try to ease regulatory hurdles that may snag construction. “There’s a lot at stake” in Tesla’s plan, he said.After a slow start, electric-vehicle sales are picking up in Germany, overtaking Norway as Europe’s biggest market. Chancellor Angela Merkel’s government is targeting as many as 10 million electric cars on German roads by 2030 to help achieve carbon-reduction targets.To contact the reporter on this story: Brian Parkin in Berlin at firstname.lastname@example.orgTo contact the editors responsible for this story: Reed Landberg at email@example.com, Chris Reiter, Iain RogersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Big tech companies like Facebook Inc. and Alphabet Inc.’s Google, long seen as some of the world’s most desirable workplaces offering countless perks and employee benefits, are losing some of their shine.The Silicon Valley companies dropped out of the Top 10 “best places to work” in the U.S., according to Glassdoor’s annual rankings released Tuesday. HubSpot Inc., a cloud-computing software company, grabbed the No. 1 ranking while tech firms DocuSign Inc. and Ultimate Software were three and eight, respectively.Facebook, which has been rated as the “best place to work” three times in the past 10 years, was ranked 23rd. It’s the social-media company’s lowest position since it first made the list in 2011 as the top-rated workplace. Facebook, based in Menlo Park, California, was ranked seventh last year.Google, voted “best place to work” in 2015 and a Top-10 finisher the previous eight years, came in at No. 11 on Glassdoor’s list. Apple Inc., once a consistent Top-25 finisher, was ranked 84th. Amazon Inc., which has never been known for a positive internal culture, failed to make the list for the 12th straight year.Microsoft Corp. was one of the lone big technology companies to jump in the rankings. The Redmond, Washington-based software company moved to No. 21 from 34 a year ago.The annual list ranks companies using employee reviews on areas such as compensation, benefits, culture and senior management. Many of the big tech companies, including Facebook and Google, have been criticized this year for a myriad of issues, and in some cases employees have publicly opposed executive decisions.At Google, employees have protested against the company on a number of topics, including the company’s “intimidation” tactics against worker organizers. The results of an internal employee poll at the internet search giant, reported by Bloomberg in February, showed that fewer employees were inspired by Chief Executive Officer Sundar Pichai’s vision than a year earlier. It also found fewer workers believe senior management could successfully lead the company into the future.At Facebook, which just like Google provides employees with perks including free meals, corporate transportation and laundry services, workers have pushed back internally against leadership on some policy issues, such as the decision not to fact-check political advertisements.(Updates with top 10 table after sixth paragraph)To contact the reporter on this story: Kurt Wagner in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- TikTok owner ByteDance Inc. is testing a new music app in emerging markets as it tries to pull off another global sensation akin to its viral video-sharing service.Called Resso, the new app is now available in India and Indonesia, two of Asia’s most populous countries and places already keenly familiar with TikTok. Since an initial launch six months ago, Resso has been installed by about 27,000 users across the iOS App Store and Google Play, according to data compiled by Sensor Tower, which said the numbers indicate promotion of the app began in earnest at the end of November.ByteDance, the world’s most valuable startup, has been quietly developing the app to challenge the likes of Spotify and Apple Music in countries where paid music services have yet to garner large audiences.“The dilemma for all three companies is how to monetize a price-sensitive user base with low relative incomes,” said Michael Norris, research and strategy manager at Shanghai-based consultancy AgencyChina. “At the moment, it’s a race for active users in the developing world. Commercial realities will be put aside, at least for now.”Unlike Spotify, Resso displays real-time lyrics and lets users post their comments under individual songs. They can also generate music-accompanied GIFs and videos, emulating a favorite feature of TikTok. The app offers a monthly paid subscription service, which costs 119 rupees ($1.70) in India, the same as Spotify. Premium Resso users will be able to download music and listen ad-free.The Beijing-based company has secured rights from Indian labels T-Series and Times Music, Bloomberg News previously reported.A TikTok Craze Is Minting Celebrities and Ruining Lives in IndiaYet there are still no rights deals with the world’s three largest music companies -- Warner Music Group Corp., Universal Music Group and Sony Music Entertainment -- which control the vast majority of popular music and whose catalogs would be crucial for Resso to catch on globally, according to people familiar with the matter.Record companies credit TikTok with minting a new generation of music stars, including Lil Nas X, the singer of “Old Town Road.” As it has attracted hundreds of millions of users with their music, however, those companies are now demanding ByteDance increase the licensing fees it pays.“Resso is currently in a beta testing phase,” a Resso representative said in a statement. “We are optimistic about its long-term prospects but we are still very early in the process and only in a limited number of developing markets.”ByteDance was valued at $75 billion last year in part because investors are confident about its reputation as a mobile app factory. But the seven-year-old startup is still on the lookout for its next major breakout hit after TikTok and news aggregator Toutiao, its first signature app. With the paid music app, ByteDance is also looking to expand its revenue stream beyond advertising to counter a slowing home economy that has dampened advertisers’ appetites.A rare global feat for a Chinese internet company, TikTok has been installed nearly 1.5 billion times since launching in 2017. New U.S. users grew 38% to 11.6 million in the third quarter, according to Sensor Tower, up from 8.4 million a year earlier.But its Chinese ownership has become a lightning rod for criticism as tensions rise between the U.S. and China over trade and technology. American politicians and teen users alike have expressed concerns about the app’s handling of user data and censorship of politically-sensitive expression.Testing out Resso in its chosen markets gives ByteDance the breathing room to scale up the service slowly and out of the intense spotlight that’s placed on its other services.(Updates with analyst comment in fourth paragraph)\--With assistance from Muneeza Naqvi.To contact the reporters on this story: Zheping Huang in Hong Kong at firstname.lastname@example.org;Lucas Shaw in Los Angeles at email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
General Motors Co could expand the lineup of vehicles using its large truck and sport utility vehicle architecture and sees big opportunities in over-the-air software updates, President Mark Reuss told Reuters on Tuesday. GM, which controls about 70% of the large sport utility market in North America with six models, unveiled the redesigned Chevrolet Tahoe and Suburban, the first of a new generation of large SUVs whose profits will help fund development of electric vehicles that the automaker promises for the future. The 2021 Chevrolet Tahoe, revealed at the arena where the Detroit Red Wings hockey team plays in downtown Detroit, is 6.7 inches longer than the current Tahoe and can carry as much as 122.9 cubic feet of cargo.
The U.S. Justice Department will review plans by Alphabet Inc-owned Google to buy fitness tracker maker Fitbit Inc for possible antitrust issues, a source told Reuters on Tuesday. The $2.1 billion deal will give search and advertising giant Google the capability to take on Apple and Samsung in the crowded market for fitness trackers and smart watches. Watchdog groups like Public Citizen and the Center for Digital Democracy, among others, have urged antitrust enforcers to block the deal on the grounds that it will give Google even more data about American consumers.
(Bloomberg) -- Alphabet Inc.’s Google isn’t liable for defamatory content posted on its platforms after 2009, India’s top court ruled, reaffirming immunity for Internet companies in the world’s second-most populous nation.The verdict, which reiterates a 2015 ruling, comes as a relief for social media companies, online retailers and service providers who are facing increasing pressure from the Indian government to regulate online content. Prime Minister Narendra Modi’s government plans to bring rules to regulate social media platforms and a law on data privacy that seek to levy heavy fines on companies in the event of violations.However, the top court ruled that Google India Pvt. Ltd. will have to face defamation charges in cases lodged before 2009, when India’s information technology laws were amended to provide online and social media service providers immunity for content posted by a third party. They will have to take down content only after a court order.“Any other view would make it a despot strangling the free flow of ideas, which is what the internet is all about,” Justices Ashok Bhushan and K.M. Joseph of the top court said in the verdict.The case originated in the south Indian state of Andhra Pradesh when a construction material company Visakha Industries Ltd. sued Google for a blog post against use and manufacture of asbestos cement sheets. Google appealed to the country’s top court after the state high court ruled against it. However, Google will still face the defamation charges because Visakha’s case was lodged before the 2009 amendment.Google maintained that content is neither published nor endorsed by the company and it is just a platform provider.To contact the reporter on this story: Upmanyu Trivedi in New Delhi at email@example.comTo contact the editors responsible for this story: Unni Krishnan at firstname.lastname@example.org, Abhay Singh, Pradeep KurupFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Tesla, Eldorado Resorts, Dick???s Sporting Goods, Gaming and Leisure Properties and Target highlighted as Zacks Bull and Bear of the Day
EU antitrust regulators are considering taking a tougher line against tech giants by forcing them to do more to ensure a level playing field, a senior European Commission official said on Tuesday, a move which could affect Facebook, Amazon, Apple and Google. The four U.S. tech companies are currently in EU competition enforcers' crosshairs, with rivals complaining about being shut out of key markets. The Commission has traditionally ordered companies to halt anti-competitive practices.