7.25k followers • 6 symbols Watchlist by Yahoo Finance
This basket consists of stocks expected to benefit from self-driving cars.
Remove China Apps, an app that gained popularity in India in recent weeks and did exactly what its name suggests, has been pulled from the Play Store. The top trending app in India, which was downloaded more than 5 million times since late May and enabled users to detect and easily delete apps developed by Chinese firms, was pulled from Android's marquee app store for violating Google Play Store's Deceptive Behaviour Policy, TechCrunch has learned. Under this policy an app on Google Play Store cannot make changes to a user’s device settings, or features outside of the app without the user’s knowledge and consent, and not it can encourage or incentivize users into removing or disabling third-party apps.
Yahoo Finance's Alexandra Canal breaks down how media and entertainment giants are supporting the Black Lives Matter movement as protests continue to rage across the country in response to the death of George Floyd.
(Bloomberg) -- Facebook Inc. and PayPal Holdings Inc. are investing in Gojek, a big boost for the Indonesian startup’s digital payments business that propels the U.S. companies into a fast-growing Asian internet arena.It’s the second international investment Facebook has made in the past six weeks with a goal of getting more local businesses online, after the social media giant paid $5.7 billion for about 10% of India’s Reliance Jio. It plans to build a commerce and payments business around WhatsApp, on top of letting businesses use the messaging service to interact with customers.The deal announced Wednesday marks Facebook’s first investment in an Indonesian company and is a major boost for the country’s largest startup, a ride-hailing giant that’s morphed into a provider of services like payments and meal delivery. Gojek is now backed by some of the world’s largest internet companies from Alphabet Inc.’s Google to China’s Tencent Holdings Ltd., helping it compete against Singapore’s Grab Holdings Inc.“WhatsApp in particular can be instrumental in creating a more digital Indonesia by bringing more people into one of the fastest growing digital economies in the world,” WhatsApp Chief Operating Officer Matt Idema said in a blog post. The company didn’t specify how much it is investing and a spokesperson declined to share details.Indonesia is one of the world’s most promising internet markets, fueled by rapidly expanding smartphone adoption and economic growth. It’s the largest country in Southeast Asia, anchoring a regional internet economy estimated at more than $100 billion in 2019 and tripling by 2025. Facebook and PayPal join Google and other U.S. corporations in staking out a relatively undeveloped Asian digital payments arena outside of China.Read more: How Facebook’s Reliance Deal Upends a $1 Trillion Digital ArenaFacebook and PayPal joined Gojek’s current funding round, which closed at $1.2 billion around March at the height of the coronavirus pandemic.Gojek and Grab aim to become Southeast Asian consumers’ default, all-purpose app, similar to Tencent’s WeChat. Gojek has drawn hundreds of thousands of merchants to its platform, providing them with access to more than 170 million users across the region.The Indonesian startup, whose backers also include Singaporean state investor Temasek Holdings Pte, has said it will deploy fresh capital to keep expanding despite global economic turbulence. It recently acquired a mobile point-of-sale startup called Moka for about $130 million, people familiar with the deal have said.Gojek, which debuted an app for hailing motorbike taxis in Jakarta in 2015, now also offers a score of other on-demand services such as house cleaning and medicine delivery, and was last valued at $10 billion according to CB Insights.“We see our role as a convener of global tech expertise, facilitating collaboration that will ultimately lead to a better future for everyone in our region,” Gojek Co-Chief Executive Officer Andre Soelistyo said in a statement.(Updates with PayPal’s investment from the first paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Twitter Inc. named Patrick Pichette as chairman, replacing Omid Kordestani, who stepped down from the role on Monday.Pichette, former chief financial officer of Google, is a partner at venture firm Inovia Capital and has served as Twitter’s lead independent director since December 2018. Kordestani will remain as a non-employee director, the company said Tuesday.“Given the strength and depth of Twitter’s management team and board, we believe that now is the right time to evolve our governance structure in-line with best practices,” Pichette said in a statement. “We are pleased to demonstrate our commitment to good governance and be in the position to make this important change. We look forward to continuing to benefit from Omid’s expertise on the Board.”Twitter’s corporate governance came under scrutiny earlier this year when activist investor Elliott Management Corp. took a stake in the company with plans to challenge Chief Executive Officer Jack Dorsey, and potentially replace him. Having an independent chairman was one of the first things Elliott raised with Twitter in their initial meetings as one of the ways the company could improve its governance, according to people familiar with the matter. Pichette will be the first independent chairman for the social-media company.The hedge fund has also pushed Twitter to de-stagger its board, which would allow all directors to stand for re-election every year, said the people, who asked not to be identified because the matter is private. At Twitter’s annual meeting last week, just three of the company’s 11 directors were up for re-election, including Kordestani.Elliott’s push for change at the company was largely focused on improving its leadership, including reviewing whether to replace Dorsey, who divides his time between running Twitter and leading mobile-payments business Square Inc., people familiar with the matter have said. The goal would be to improve operational efficiency and oversight so the company can execute better on its strategy after several stumbles late last year caused its share price to tumble, they said.Twitter agreed to appoint three new directors to its board and create a committee to review its leadership, succession and governance. The committee is expected to deliver its recommendations by year-end. The company named Elliott’s head of U.S. activism, Jesse Cohn, and Egon Durban, co-chief executive officer of private equity firm Silver Lake, to the board at the time. Computer scientist Fei-Fei Li was appointed last month as the third independent director.Last week, Twitter took action against U.S. President Donald Trump for the first time, fact-checking two of his tweets while adding a label to a third for violating rules around glorifying violence. Dorsey and the San Francisco-based company have been criticized for years for failing to do enough to block offensive and harassing posts -- by the president and other users. Trump has since issued an executive order meant to limit some of the protections Twitter and other social media companies receive under Section 230 of the Communications Decency Act.(Update with details about Elliott’s involvement and plan to de-stagger board elections.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Hollywood is voicing its support for the Black Lives Matter movement amid ongoing protests over the death of George Floyd.
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in "private" mode. The lawsuit seeks at least $5 billion, accusing the Alphabet Inc unit of surreptitiously collecting information about what people view online and where they browse, despite their using what Google calls Incognito mode. According to the complaint filed in the federal court in San Jose, California, Google gathers data through Google Analytics, Google Ad Manager and other applications and website plug-ins, including smartphone apps, regardless of whether users click on ...
After Elon Musk's SpaceX had a successful launch over the weekend, many investors may be taking a closer look at the visionary businessman's electric-car company.
(Bloomberg) -- Apple Inc., Spotify Technology Inc. and YouTube joined BlackoutTuesday, an initiative tied to the music industry’s TheShowMustBePaused movement, which supports protests across the U.S. against police brutality and racism toward African Americans.The iPhone maker paused the browse feature on its Apple Music service, presenting users with a message about standing in solidarity “with the Black voices that define music, creativity, and culture.” The feature sends listeners to its “Beats 1” radio program playing motivational songs such as “The People” by Hip-Hop artist Common, and “Sue Me” by rapper Wale featuring gospel singer Kelly Price.Spotify created a “Black Lives Matter” playlist with songs including Public Enemy’s “Fight The Power” and “FDT” by California rapper Y.G., which speaks out against U.S. President Donald Trump. The music division of Google’s YouTube canceled all meetings on Tuesday. Executives for YouTube’s business and music teams also invited staff to take the day off.Warner Music Group’s Atlantic Records announced plans to contribute to “Black Lives Matter and other organizations that are doing crucial work to combat racial injustice.”While artists such as Kehlani and Lil Nas X griped about the initiative’s execution as the industry shouldn’t need a special day to think about the importance of the black community and its contributions, the freed up time may help focus attention on these issues. Record labels led by white executives have relied on or imitated black art for decades, an uneasy relationship that Prince compared to that of the master and slave.Read more: Instagram Flooded with Black Squares to Support ProtestersImages of black squares flooded social media as influencers, celebrities, artists and musicians tried to raise awareness and address racial tensions that have plagued the fabric of American society.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Microsoft (NASDAQ: MSFT) is the odds-on favorite to be the first company to cross the $2 trillion market cap threshold according to Wells Fargo Securities analyst Philip Winslow, citing strong growth in Microsoft's Azure cloud computing business.
The increasing prevalence of artificial intelligence and 5G technology are threatening to drive up energy consumption, putting the technology sector on par with the aviation industry in the amount of CO-2 it releases, according to a leading researcher at Gartner. While data centers, tasked with processing the world’s data, have made significant investments to reduce energy consumption over the last several years, David Cappuccio, Gartner VP of Research, says that dynamic is likely to shift dramatically with the growing use of analytics and machine learning.
Gains for the loonie show that "markets are looking toward a brighter future," said Michael Goshko, corporate risk manager at Western Union Business Solutions. Canada runs a current account deficit and is a major producer of commodities, including oil, so its economy could particularly benefit from a pickup in the global flow of trade and capital. U.S. crude oil futures <CLc1> settled 3.9% higher at $36.81 a barrel on hopes that major crude producers will agree to extend output cuts and as countries and U.S. states begin to reopen after coronavirus lockdowns.
If the U.S. and China conflict blows over, Canada will be caught in the middle. The Canada Goose stock and Magna International stock might suffer from the backlash as both businesses rely on the huge Chinese market for growth.The post China vs. America: Why Canadian Investors Should Worry appeared first on The Motley Fool Canada.
In this episode of Industry Focus: Tech, Dylan Lewis and Motley Fool contributor Brian Feroldi discuss the competitive dynamics between Slack (NYSE: WORK) and Microsoft (NASDAQ: MSFT) and the enterprise software segment in general. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. Dylan Lewis: It's Friday, May, 29th, and we are talking about the ongoing war between Microsoft and Slack.
(Bloomberg) -- France’s contact-tracing app, which the government hopes will prevent a resurgence of Covid-19 as lockdown measures ease, will be available to download on Tuesday. They just have to get people to use it.StopCovid will be available to download at noon in Paris in the Apple Inc. and Android app stores, the government said. Downloading it is voluntary, and it will act as a supplement for human tracers who will manually go through an infected person’s contacts.Countries around the world are relying on the apps to help notify people quickly when they’ve been exposed to the virus and help prevent a resurgence as offices, restaurants and schools begin to reopen. Still, fewer than half of French people an Odoxa poll for France Info radio said they are ready to download the program.Read more: France Says Virus Recession Will Be Deeper Than Expected“From the first downloads, the app helps avoid contamination, illness and thus deaths,” Digital Minister Cedric O said in an interview on France Inter radio on Monday. “So there is no minimum threshold for the app’s efficiency. Of course, the more people have the app, the better, but there is no threshold to make it efficient. It speeds the tracing process.”A University of Oxford study estimated that about 80% of smartphone users need to participate in the program for it to suppress the disease, the equivalent of 56% of the general population. But infections can be reduced significantly even with fewer downloads. One infection can be prevented with every one or two users, it said.O warned on France Inter radio that the virus is still a threat and urged people to use the technology “for the collective benefit,” as cafes, parks and restaurants reopen with the easing of most lockdown measures on Tuesday.Read More: The World Embraces Contact-Tracing Technology to Fight Covid-19The program is a home-grown solution designed by a state-led task force, including the leading phone carrier Orange SA, software company Dassault Systemes SE, as well as Inria, the institute for research in digital science and technology.The app was approved last week by lawmakers and the privacy watchdog after a debate about how user data, which will be sent to health authorities, will be used and protected.StopCovid will use Bluetooth technology, alerting users if they spend more than 15 minutes within a meter of someone carrying the virus. The French app, which is similar to one being developed in the U.K., is designed by national players, unlike the apps in Switzerland and Germany, which are based on a platform jointly developed by Apple and Alphabet Inc.’s Google.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Yandex NV will test a driverless car it developed with Hyundai Motor Co. in Detroit as the Russian technology giant makes plans to approximately double its fleet of self-driving vehicles.Yandex plans to buy 100 of the cars, which are souped-up versions of Hyundai’s Sonata, the company said in a statement on Tuesday. The test-drives, which had been planned around the now-canceled Detroit Auto Show, will commence on public roads in the city once lockdown restrictions are lifted, it said.Yandex and the South Korean company announced their partnership last year, seeking to create both a prototype of a driverless car and an autonomous control system that could be marketed to rival car manufacturers and car-sharing startups. The new, fourth-generation Hyundai model has been tweaked to help the system better detect what’s around the vehicles.The new Sonata has nine sensors, up from six, and has moved the radar system from underneath the bumpers to the roof, improving the system’s ability to distinguish objects around the car. Lidars, laser-based systems for measuring distance from a target, have also been moved to improve visibility. A human driver will be present in the car, but the vehicle should operate autonomously.Yandex operates a taxi service with its autonomous vehicles in the Russian city of Innopolis, though most of its fleet is currently occupied with test runs, which will gradually teach its driving software the skills it needs to react to incidents on the road. The company’s autonomous fleet, which recently exceeded 100 cars, have run 3 million autonomous miles, in cities including Moscow and Tel-Aviv.The road to mass-market robo-taxis has been fraught, with developers burning cash to create cars that can safely operate without a driver and win regulators’ approval. And the Covid-19 pandemic and accompanying lockdowns have hit the industry hard.Read more: The State of the Self-Driving Car Race 2020Competitors including General Motors Co.’s Cruise and Uber Technologies Inc. have cut staff recently, while Ford Motor Co. shifted plans to start self-driving services by a year to 2022. Self-driving trucks startup Starsky Robotics shut down in March with its founder saying that “supervised machine learning doesn’t live up to the hype.”Still, the promise of driverless vehicles and the revolution they could bring to everything from personal transportation to logistics, means the technology is still attracting investors. Amazon.com Inc. is in talks to acquire autonomous vehicle startup Zoox Inc., the Wall Street Journal reported last week. Analysts from Morgan Stanley estimate that Amazon could save $20 billion a year with the technology, which would also allow the e-commerce giant to compete in ride-sharing and food delivery.Read more: Amazon Buying Zoox May Save $20 Billion, Put Tesla on Its HeelsYandex, Russia’s largest internet-search engine and ride-hailing operator, has spent $35 million over the past three years to develop its self-driving cars, using technologies such as machine learning and image recognition from its other businesses.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
With the RBA holdings policy unchanged, the focus returns to the key risk drivers. Continued unrest in the U.S and tensions between the U.S and China are in focus.
Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc's <TSLA.O> locally made Model 3. Showroom strength is becoming an important differentiator for electric vehicle (EV) makers in the world's biggest auto and EV market, as they line up new model launches. Polestar, which plans to deliver Polestar 2 electric sedans in China from July, currently has one showroom, in the capital Beijing.
Despite no notable Tesla-specific news over the weekend, shares of the electric-car maker are rising on Monday. Here's what investors should know.
SpaceX and NASA’s historic human spaceflight proves what space investors are betting on — commercial companies that can lower the cost to access space.
The Canadian dollar <CAD=> was trading 1.5% higher at 1.3571 to the U.S. dollar, or 73.69 U.S. cents. "It just seems like everyone wants to sell (U.S.) dollars right now," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets. "The Fed has implemented many measures to make sure that the world is awash in U.S. dollars."
One of my favorite expressions, which seems particularly appropriate as U.S. cities burn anew, is “a luta continua,” Portuguese for “the struggle continues.” Because 52 years after the 1968 uprisings and riots, which were triggered by the assassination of Martin Luther King Jr. and so much more, one can make the argument that not much […]