Blank Slate: Google to Stop Producing Its Own Tablet Computers
* Stories are summarized by an A.I.
* Stocks or companies mentioned: GOOG, SHOP, CCL, WORK, PYPL, AMZN, T, FB, 002502(Huawei Technology Company Ltd), and Echo
Blank Slate: Google to Stop Producing Its Own Tablet Computers
GOOG (Alphabet Inc) | Fortune
Google is giving up its tablet business and is doubling down on laptops. The announcement comes amid speculation that Google had two new tablets under development that would serve as follow-ups to the Pixel Slate. Many reviews noted the Pixel Slate was a luxury that simply wasn’t worth it, given competing, lower-cost tablets. While Google is abandoning its tablet business, Osterloh said Google would continue to support Pixel Slate owners for the long term. In previous years, the company has used it to introduce the Google Home smart assistant, new Pixel phones, tablets, and laptops.
Shopify Fulfillment Network: How the New Service Competes With Amazon
SHOP (Shopify Inc) | Footwear News
Shopify executives celebrate the ringing of the opening bell before the company's IPO at the New York Stock Exchange. Dubbed the Shopify Fulfillment Network, the distribution service is currently in the early-access stage, with logistics providers and software partners located in seven states including California, Texas, New Jersey and Ohio. It utilizes machine learning to predict demand, allocate inventory and find the closest fulfillment centers for quicker and low-cost deliveries. Unlike Amazon, Shopify is integrated into these businesses’ own websites, providing custom packaging and branding as well as managing returns and exchanges. 3 Amazon Changes Intended to Make Shopping EasierHow B2B Companies Can Overcome the Biggest E-Commerce Struggles
Carnival lowers profit outlook, cites ban on Cuba cruises
CCL (Carnival Corporation) | The Washington Post
MIAMI — Shares of Carnival cruise have tumbled, with the company reporting lower quarterly profit and cutting its full-year earnings forecast partly because of the Trump administration’s decision to ban cruises between the U.S. and Cuba. Carnival Corp. said Thursday that it earned $451 million in its fiscal second quarter, which ended May 31. That’s down from $561 million a year earlier. They were down more than 10% earlier in the day before making a partial recovery. All rights reserved.
Slack's Public Now. Here's What Investors Should Watch
WORK (Slack Technologies, Inc) | The Motley Fool
Slack's long-term value will depend on whether it can grow its user base and figure out how to make money. Slack's revenue has grown from $105.2 million in 2017 to $220.5 million in 2018 and $400.6 million in 2019. "As a result, we incurred net losses of $146.9 million, $140.1 million, and $138.9 million in fiscal years 2017, 2018, and 2019, respectively. Basically, on its own, the current Slack product may not have a path to profitability, or at least it faces a very long slog to get there. To truly make money and offer a good return for investors, Slack needs to be more than it is.
PayPal’s Operating Chief to Leave Company
PYPL (PayPal Holdings, Inc.) | The Wall Street Journal
PayPal Holdings Inc. said Bill Ready, one of its top executives, is leaving the financial-technology company at the end of the year. The company said in a statement Thursday that Mr. Ready wanted to pursue entrepreneurial interests outside PayPal and that his last day would be Dec. 31. His duties will be split among a group of executives following his departure.
Amazon Squashes Crypto Rumors as Hype Surrounding Facebook’s Libra Grows
AMZN (Amazon.com Inc) | News BTC
In the past few months the world was shocked to hear that social media giant Facebook was entering the crypto markets with the release of their cryptocurrency dubbed Libra. “It’s fresh, it’s speculative; at Amazon, we don’t really deal with the speculative, [we deal] in the now,” he noted while responding to a question about Libra. Although for now the Amazon crypto rumors have been put to an end, that doesn’t mean that Amazon won’t ever introduce a product, as Gaulthier said that he would be “happy” to discuss this type of tech further in two or three years. “At Amazon, we deal with data a lot, so I’ll be happy to have that conversation two or three years from now,” he later said. In the past week, several large financial institutions have offered bullish analyses of Libra, with Bank of America noting that Libra will make a good addition to Facebook’s e-commerce initiatives.
AT&T Ratchets Up The Content Wars
T (AT&T) | Seeking Alpha
One of the biggest fears for AT&T (T) shareholders of the Time Warner merger was the entry into a content war. The bad news for AT&T shareholders is that the bidding war included the likes of Apple (AAPL) and Amazon (AMZN). The stock held up well on the news of the massive $500 million deal for Bad Robot run by J.J. Abrams. An additional 30 or 40 million domestic subs adds substantial additional revenues that the $500 million deal for J.J. Abrahams gets quickly absorbed. TakeawayThe key investor takeaway is that the market appears to like aggressive moves by AT&T and Disney in the streaming wars.
What’s Next in Blockchain? Ask This Teenage Engineer
FB (Facebook Inc) | Fortune
Chadha also illustrated how establishing our identity in the blockchain could address problems of identity theft or be applied to proper attribution in copywriting attribution. “Blockchain adds value in a lot of interesting places,” she said. This past week, Facebook (fb) rolled out its own mode of cryptocurrency, which Chadha described as “cool.” While many worry about regulating the social media giant’s cryptocurrency, Chadha acknowledged the potential and scalability of this well-accepted platform. “Things grow so fast that it’s super important we adapt our systems to where things are going,” Chadha explained. “We need to think about what’s next and not what’s already been created,” Chadha said.
Putin says US sanctions on Huawei intended to weaken China
002502 (Huawei Technology Company Ltd) | Al Jazeera
Russia's President has accused the US of attacking telecoms giant Huawei to weaken China, and called the possibility of a US war with Iran a “catastrophe”. Vladimir Putin made the comments during his annual question-and-answer session with the public. But much of the questioning focused on domestic issues. Al Jazeera's Step Vaessen reports from Moscow.
McKesson UK acquires British medication management startup Echo
Echo | Med City News
McKesson UK has bought London, England-based Echo, a medication management company, according to a news release. Here’s how Echo’s approach works: Through its app, patients enter their medication information and the name of their National Health Service physician. LloydsPharmacy is a British pharmacy company that’s part of McKesson UK. In the news release, McKesson UK said that the acquisition is part of its digital health strategy, which focuses on providing convenient ways for customers to manage their health online. “We know that our customers are always looking for ways to make their lives easier by managing more things online,” said McKesson UK chief digital officer Catherine McDermott in a statement.
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* Stocks or companies mentioned: GOOG, SHOP, CCL, WORK, PYPL, AMZN, T, FB, 002502(Huawei Technology Company Ltd), and Echo
Blank Slate: Google to Stop Producing Its Own Tablet Computers
GOOG (Alphabet Inc) | Fortune
Google is giving up its tablet business and is doubling down on laptops. The announcement comes amid speculation that Google had two new tablets under development that would serve as follow-ups to the Pixel Slate. Many reviews noted the Pixel Slate was a luxury that simply wasn’t worth it, given competing, lower-cost tablets. While Google is abandoning its tablet business, Osterloh said Google would continue to support Pixel Slate owners for the long term. In previous years, the company has used it to introduce the Google Home smart assistant, new Pixel phones, tablets, and laptops.
Shopify Fulfillment Network: How the New Service Competes With Amazon
SHOP (Shopify Inc) | Footwear News
Shopify executives celebrate the ringing of the opening bell before the company's IPO at the New York Stock Exchange. Dubbed the Shopify Fulfillment Network, the distribution service is currently in the early-access stage, with logistics providers and software partners located in seven states including California, Texas, New Jersey and Ohio. It utilizes machine learning to predict demand, allocate inventory and find the closest fulfillment centers for quicker and low-cost deliveries. Unlike Amazon, Shopify is integrated into these businesses’ own websites, providing custom packaging and branding as well as managing returns and exchanges. 3 Amazon Changes Intended to Make Shopping EasierHow B2B Companies Can Overcome the Biggest E-Commerce Struggles
Carnival lowers profit outlook, cites ban on Cuba cruises
CCL (Carnival Corporation) | The Washington Post
MIAMI — Shares of Carnival cruise have tumbled, with the company reporting lower quarterly profit and cutting its full-year earnings forecast partly because of the Trump administration’s decision to ban cruises between the U.S. and Cuba. Carnival Corp. said Thursday that it earned $451 million in its fiscal second quarter, which ended May 31. That’s down from $561 million a year earlier. They were down more than 10% earlier in the day before making a partial recovery. All rights reserved.
Slack's Public Now. Here's What Investors Should Watch
WORK (Slack Technologies, Inc) | The Motley Fool
Slack's long-term value will depend on whether it can grow its user base and figure out how to make money. Slack's revenue has grown from $105.2 million in 2017 to $220.5 million in 2018 and $400.6 million in 2019. "As a result, we incurred net losses of $146.9 million, $140.1 million, and $138.9 million in fiscal years 2017, 2018, and 2019, respectively. Basically, on its own, the current Slack product may not have a path to profitability, or at least it faces a very long slog to get there. To truly make money and offer a good return for investors, Slack needs to be more than it is.
PayPal’s Operating Chief to Leave Company
PYPL (PayPal Holdings, Inc.) | The Wall Street Journal
PayPal Holdings Inc. said Bill Ready, one of its top executives, is leaving the financial-technology company at the end of the year. The company said in a statement Thursday that Mr. Ready wanted to pursue entrepreneurial interests outside PayPal and that his last day would be Dec. 31. His duties will be split among a group of executives following his departure.
Amazon Squashes Crypto Rumors as Hype Surrounding Facebook’s Libra Grows
AMZN (Amazon.com Inc) | News BTC
In the past few months the world was shocked to hear that social media giant Facebook was entering the crypto markets with the release of their cryptocurrency dubbed Libra. “It’s fresh, it’s speculative; at Amazon, we don’t really deal with the speculative, [we deal] in the now,” he noted while responding to a question about Libra. Although for now the Amazon crypto rumors have been put to an end, that doesn’t mean that Amazon won’t ever introduce a product, as Gaulthier said that he would be “happy” to discuss this type of tech further in two or three years. “At Amazon, we deal with data a lot, so I’ll be happy to have that conversation two or three years from now,” he later said. In the past week, several large financial institutions have offered bullish analyses of Libra, with Bank of America noting that Libra will make a good addition to Facebook’s e-commerce initiatives.
AT&T Ratchets Up The Content Wars
T (AT&T) | Seeking Alpha
One of the biggest fears for AT&T (T) shareholders of the Time Warner merger was the entry into a content war. The bad news for AT&T shareholders is that the bidding war included the likes of Apple (AAPL) and Amazon (AMZN). The stock held up well on the news of the massive $500 million deal for Bad Robot run by J.J. Abrams. An additional 30 or 40 million domestic subs adds substantial additional revenues that the $500 million deal for J.J. Abrahams gets quickly absorbed. TakeawayThe key investor takeaway is that the market appears to like aggressive moves by AT&T and Disney in the streaming wars.
What’s Next in Blockchain? Ask This Teenage Engineer
FB (Facebook Inc) | Fortune
Chadha also illustrated how establishing our identity in the blockchain could address problems of identity theft or be applied to proper attribution in copywriting attribution. “Blockchain adds value in a lot of interesting places,” she said. This past week, Facebook (fb) rolled out its own mode of cryptocurrency, which Chadha described as “cool.” While many worry about regulating the social media giant’s cryptocurrency, Chadha acknowledged the potential and scalability of this well-accepted platform. “Things grow so fast that it’s super important we adapt our systems to where things are going,” Chadha explained. “We need to think about what’s next and not what’s already been created,” Chadha said.
Putin says US sanctions on Huawei intended to weaken China
002502 (Huawei Technology Company Ltd) | Al Jazeera
Russia's President has accused the US of attacking telecoms giant Huawei to weaken China, and called the possibility of a US war with Iran a “catastrophe”. Vladimir Putin made the comments during his annual question-and-answer session with the public. But much of the questioning focused on domestic issues. Al Jazeera's Step Vaessen reports from Moscow.
McKesson UK acquires British medication management startup Echo
Echo | Med City News
McKesson UK has bought London, England-based Echo, a medication management company, according to a news release. Here’s how Echo’s approach works: Through its app, patients enter their medication information and the name of their National Health Service physician. LloydsPharmacy is a British pharmacy company that’s part of McKesson UK. In the news release, McKesson UK said that the acquisition is part of its digital health strategy, which focuses on providing convenient ways for customers to manage their health online. “We know that our customers are always looking for ways to make their lives easier by managing more things online,” said McKesson UK chief digital officer Catherine McDermott in a statement.
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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