How fintechs aim to disrupt banks while serving the underserved
* Stories are summarized by an A.I.
* Stocks or companies mentioned: PYPL, Huawei, NKE, DIS, FB, GOOG, MDB, Airbnb, AAPL, and AMD
How fintechs aim to disrupt banks while serving the underserved
PYPL (Paypal Holdings Inc) | Axios
Most fintech startups espouse two lofty goals: disrupting the banks and serving the underserved. Also notable is Kenya, where Safaricom, the big telecom monopoly, did a fantastic job of rolling out a nationwide mobile payments system. In the U.S., the poor tend to be excluded from much of the financial system for various reasons. In countries like Sweden and India, they can mandate moves toward a cashless society and build payments systems to encourage that. But if fintechs start disrupting hidebound banks, or start to dominate the financial sector, then sovereign nations will find themselves with a severely diminished macroprudential toolkit.
Read More
The U.S. and China Are Talking Trade Again. But They’re Still Far Apart.
002502 (Huawei Technology Company Ltd) | The New York Times
A day after agreeing to resume trade talks with China, President Trump and his top advisers said no timeline existed for reaching a deal and suggested that the two sides remained as far apart as they were when talks broke up in May.The comments came as the administration continued to ease restrictions on China, removing eight companies from the Commerce Department’s blacklist and taking steps to allow Huawei, the Chinese telecommunications giant, to purchase American technology.
Read More
Nike: Tipping Point
NKE (Nike Inc) | Seeking Alpha
The athletic apparel company isn't generating impressive growth, yet the stock trades at a premium valuation and should reach a tipping point soon. Investors need to understand that Nike is now worth an incredible $130 billion with the stock up at $83. Nike got an 80 basis point bump on gross margins to 45.5%, but the company lost all those gains and more via the higher costs. FQ4'19 earnings releaseThe problem for bears is that Nike hasn't generally reported much in the way of growth in the last few years outside of the tax reform benefits. Even with the $15 billion approval from last year, Nike isn't buying much stock now.
Read More
'Avengers: Endgame' still short of 'Avatar' box office record even after rerelease
DIS (The Walt Disney Company) | CNBC
Despite a big push from Disney this weekend, "Avengers: Endgame" remains $26 million shy of the record for highest-grossing film of all time. "Endgame," which was originally released April 26, has earned around $2.76 billion globally so far. The film will continue to run in theaters for most, if not all of the summer. After all, "Avatar" ran for 234 days during its first run (the film got a rerelease in 2010). Of course, "Endgame" still has a number of hurdles to face on its way to the top spot.
Read More
Facebook’s Libra is spurring central banks’ interest in issuing cryptocurrency
FB (Facebook Inc) | Quartz
In March, BIS chief AgustÃn Carstens said that central banks were “not seeing the value” in creating a central bank digital currency. Carstens also told the Financial Times (paywall) that the BIS is working with central banks that are developing digital currencies. “Many central banks are working on it; we are working on it, supporting them. The announcement spurred excitement in crypto markets and has driven renewed interest in bitcoin and other digital currencies. Still, it’s not clear when, if ever, central banks will roll out their own crypto.
Read More
Android will have an equivalent to Apple's AirDrop file sharing
GOOG (Alphabet Inc) | Engadget
It doesn't appear that you can limit transfers to your contacts, but you can specify "Preferred Visibility" so that favorites see you even when you're not using Fast Share. An iOS version would require a special app. It's not certain when Fast Share will launch, although it's a Google Play Services feature and likely wouldn't require Android Q. Google might not wait long, though. The company has warned that it's deprecating NFC-based Android Beam transfers in Q. As such, Fast Share could be the only way to quickly send files to local users without resorting to apps (like Files by Google) that your friends won't necessarily have.
Read More
MongoDB's Expanding Partner Network Helps Fuel Database Market Share Gains
MDB (Mongodb Inc) | Forbes
MongoDB (MDB) is taking share in the database market as more organizations move away from legacy technology. MongoDB wants its next-generation database platform to be the go-to choice for building modern applications, especially mission-critical ones that face the customer and generate revenue. In fiscal Q1 (ended April), revenue growth accelerated to 78% from 71% in the previous quarter. It makes sense that SIs would deploy a modern database platform to build all of the new applications. MongoDB’s core on-prem solution is Enterprise Advanced, but it’s the company’s newer Atlas database in the cloud that has become the dominant growth driver.
Read More
Airbnb may be the best candidate for the first direct-listing IPO
Airbnb, Inc | Axios
Between the lines: There's a catch with direct listings, however: The way that SEC regulations are currently set up, companies can't raise any money that way. The question, asks Axios' Dan Primack, is whether that can change, with corporations issuing stock into a direct listing. Most companies don't want the hassle of working out all the complications with SEC officials. Most companies don't want the hassle of working out all the complications with SEC officials. The most likely candidate: Airbnb is going public in the next year, more likely in Q1 2020 than in Q4 2019.
Read More
Politicians Say, “Break Up Big Tech!” But What Would That Look Like?
AAPL (Apple Inc.) | Talk Markets
No one should be surprised that “Break up big tech!” is a major talking point for many 2020 presidential hopefuls. Let’s start with a few observable techno-facts:We are using more digital technology today than ever before. Big TechIn America, when people say, “Big Tech” they mean GAFAM (Google, Amazon, Facebook, Apple, Microsoft). In the past few years, Amazon has gone right after Google and Facebook, snagging about 9 percent of the digital ad sales market. By 2023, it could take as much as 14 percent of total U.S. digital ad sales.
Read More
AMD Denies Improperly Giving Sensitive Chip Technology to China
AMD (Advanced Micro Devices Inc.) | Fortune
Advanced Micro Devices on Friday denied a report that it had improperly transferred critical microprocessor technology to Chinese partners. The story came a week after the U.S. Commerce Department specifically banned AMD’s Chinese partners from accessing such U.S. technology, effectively ending the joint venture. AMD disputed Spalding’s characterization of the technology it shared in the joint venture. “AMD received no objections whatsoever from any agency to the formation of the joint ventures or to the transfer of technology – technology which was of lower performance than other commercially available processors,” the company said. Given this clear feedback, AMD moved ahead with the joint ventures.”The story didn’t sit well with chip industry consultant and former AMD employee Patrick Moorhead.
Read More
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* Stocks or companies mentioned: PYPL, Huawei, NKE, DIS, FB, GOOG, MDB, Airbnb, AAPL, and AMD
How fintechs aim to disrupt banks while serving the underserved
PYPL (Paypal Holdings Inc) | Axios
Most fintech startups espouse two lofty goals: disrupting the banks and serving the underserved. Also notable is Kenya, where Safaricom, the big telecom monopoly, did a fantastic job of rolling out a nationwide mobile payments system. In the U.S., the poor tend to be excluded from much of the financial system for various reasons. In countries like Sweden and India, they can mandate moves toward a cashless society and build payments systems to encourage that. But if fintechs start disrupting hidebound banks, or start to dominate the financial sector, then sovereign nations will find themselves with a severely diminished macroprudential toolkit.
Read More
The U.S. and China Are Talking Trade Again. But They’re Still Far Apart.
002502 (Huawei Technology Company Ltd) | The New York Times
A day after agreeing to resume trade talks with China, President Trump and his top advisers said no timeline existed for reaching a deal and suggested that the two sides remained as far apart as they were when talks broke up in May.The comments came as the administration continued to ease restrictions on China, removing eight companies from the Commerce Department’s blacklist and taking steps to allow Huawei, the Chinese telecommunications giant, to purchase American technology.
Read More
Nike: Tipping Point
NKE (Nike Inc) | Seeking Alpha
The athletic apparel company isn't generating impressive growth, yet the stock trades at a premium valuation and should reach a tipping point soon. Investors need to understand that Nike is now worth an incredible $130 billion with the stock up at $83. Nike got an 80 basis point bump on gross margins to 45.5%, but the company lost all those gains and more via the higher costs. FQ4'19 earnings releaseThe problem for bears is that Nike hasn't generally reported much in the way of growth in the last few years outside of the tax reform benefits. Even with the $15 billion approval from last year, Nike isn't buying much stock now.
Read More
'Avengers: Endgame' still short of 'Avatar' box office record even after rerelease
DIS (The Walt Disney Company) | CNBC
Despite a big push from Disney this weekend, "Avengers: Endgame" remains $26 million shy of the record for highest-grossing film of all time. "Endgame," which was originally released April 26, has earned around $2.76 billion globally so far. The film will continue to run in theaters for most, if not all of the summer. After all, "Avatar" ran for 234 days during its first run (the film got a rerelease in 2010). Of course, "Endgame" still has a number of hurdles to face on its way to the top spot.
Read More
Facebook’s Libra is spurring central banks’ interest in issuing cryptocurrency
FB (Facebook Inc) | Quartz
In March, BIS chief AgustÃn Carstens said that central banks were “not seeing the value” in creating a central bank digital currency. Carstens also told the Financial Times (paywall) that the BIS is working with central banks that are developing digital currencies. “Many central banks are working on it; we are working on it, supporting them. The announcement spurred excitement in crypto markets and has driven renewed interest in bitcoin and other digital currencies. Still, it’s not clear when, if ever, central banks will roll out their own crypto.
Read More
Android will have an equivalent to Apple's AirDrop file sharing
GOOG (Alphabet Inc) | Engadget
It doesn't appear that you can limit transfers to your contacts, but you can specify "Preferred Visibility" so that favorites see you even when you're not using Fast Share. An iOS version would require a special app. It's not certain when Fast Share will launch, although it's a Google Play Services feature and likely wouldn't require Android Q. Google might not wait long, though. The company has warned that it's deprecating NFC-based Android Beam transfers in Q. As such, Fast Share could be the only way to quickly send files to local users without resorting to apps (like Files by Google) that your friends won't necessarily have.
Read More
MongoDB's Expanding Partner Network Helps Fuel Database Market Share Gains
MDB (Mongodb Inc) | Forbes
MongoDB (MDB) is taking share in the database market as more organizations move away from legacy technology. MongoDB wants its next-generation database platform to be the go-to choice for building modern applications, especially mission-critical ones that face the customer and generate revenue. In fiscal Q1 (ended April), revenue growth accelerated to 78% from 71% in the previous quarter. It makes sense that SIs would deploy a modern database platform to build all of the new applications. MongoDB’s core on-prem solution is Enterprise Advanced, but it’s the company’s newer Atlas database in the cloud that has become the dominant growth driver.
Read More
Airbnb may be the best candidate for the first direct-listing IPO
Airbnb, Inc | Axios
Between the lines: There's a catch with direct listings, however: The way that SEC regulations are currently set up, companies can't raise any money that way. The question, asks Axios' Dan Primack, is whether that can change, with corporations issuing stock into a direct listing. Most companies don't want the hassle of working out all the complications with SEC officials. Most companies don't want the hassle of working out all the complications with SEC officials. The most likely candidate: Airbnb is going public in the next year, more likely in Q1 2020 than in Q4 2019.
Read More
Politicians Say, “Break Up Big Tech!” But What Would That Look Like?
AAPL (Apple Inc.) | Talk Markets
No one should be surprised that “Break up big tech!” is a major talking point for many 2020 presidential hopefuls. Let’s start with a few observable techno-facts:We are using more digital technology today than ever before. Big TechIn America, when people say, “Big Tech” they mean GAFAM (Google, Amazon, Facebook, Apple, Microsoft). In the past few years, Amazon has gone right after Google and Facebook, snagging about 9 percent of the digital ad sales market. By 2023, it could take as much as 14 percent of total U.S. digital ad sales.
Read More
AMD Denies Improperly Giving Sensitive Chip Technology to China
AMD (Advanced Micro Devices Inc.) | Fortune
Advanced Micro Devices on Friday denied a report that it had improperly transferred critical microprocessor technology to Chinese partners. The story came a week after the U.S. Commerce Department specifically banned AMD’s Chinese partners from accessing such U.S. technology, effectively ending the joint venture. AMD disputed Spalding’s characterization of the technology it shared in the joint venture. “AMD received no objections whatsoever from any agency to the formation of the joint ventures or to the transfer of technology – technology which was of lower performance than other commercially available processors,” the company said. Given this clear feedback, AMD moved ahead with the joint ventures.”The story didn’t sit well with chip industry consultant and former AMD employee Patrick Moorhead.
Read More
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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