Ripple Announces Strategic Partnership with Money Transfer Giant, MoneyGram
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* Stocks or companies mentioned: MGI, 002502 (Huawei Technology Company Ltd), GOOG, NVDA, CHWY, FB, AAPL, Lime, AMZN, and MA
Ripple Announces Strategic Partnership with Money Transfer Giant, MoneyGram
MGI (Moneygram International Inc.) | Business Wire
Ripple, a provider of leading enterprise blockchain solutions for global payments, has agreed to enter into a strategic partnership with MoneyGram (NASDAQ: MGI), one of the world’s largest money transfer companies. Through this strategic partnership MoneyGram will be able to settle key currencies and match the timing of funding with its settlement requirements reducing costs, improving its balance sheet efficiency, and reducing risk.
A Huawei Ban May Not Be the Answer
002502 (Huawei Technology Company Ltd) | Nasdaq
The U.S. ban on Huawei products may not be the best way to handle the national security concern the issue has raised. This would force Huawei to use products developed internally or by others that may not be as good, with the possibility of weakening network security. Also, while the U.S. alert has brought reactions from Australia, New Zealand and Japan, others like Russia, Germany and the Netherlands are likely to go ahead and use Huawei technology in 5G networks. Huawei has said that the ban will hurt about 1,200 U.S. suppliers. FinallyTrump has indicated that Huawei negotiations could be made part of the trade deal, but security experts are against it.
Is YouTube too big to fix everything?
GOOG (Alphabet Inc.) | USA Today
Or at least, that's impression Google CEO Sundar Pichai suggested in a CNN interview. Google-owned YouTube has been struggling with all sorts of content that YouTubers have flagged, including fake and conspiracy videos and lewd comments on children's videos. Google CEO Sundar Pichai testifies before the House Judiciary Committee, Tuesday, Dec. 11, 2018, in Washington. YouTube receives 400 hours of new content uploaded every minute, which makes true monitoring of the content impossible. The Google CEO compared it to credit card systems.
Internet Trends Report: Why Immigration Is Critical To The US Tech Industry
NVDA (NVIDIA Corporation) | Benzinga
Immigration is an important driver of the United States technology industry – without immigrants, it’s not quite clear that many of the biggest tech companies would have been started. And their influence is even bigger when looking at the most successful tech companies, according to Bond Capital’s Mary Meeker, who publishes the highly influential Internet Trends report each year. Overall, 60% of the highest-value tech companies were founded by first- or second-generation Americans, according to Bond’s Internet Trends. Bill Gates told Congress back in 2008 that for every tech worker admitted to the country, five American jobs are created. Some estimates say more than 70% of Silicon Valley tech workers are immigrants, wrote Mehta, the author of "This Land is Our Land: An Immigrant's Manifesto."
The red-hot IPO market this year could mean bad news for future stock returns
CHWY (Chewy Inc Class A) | CNBC
It's also because of "the notion that incremental IPO supply is difficult for the market to digest, suppressing forward returns," Weisberger wrote. As the Bernstein chart below illustrates, more IPO activity is negative related to future S&P 500 returns. More IPO activity in the prior 12 months tends to be an indicator of market losses to come. "IPO activity leads and is negatively correlated to market returns" with a value of -0.3. "The relationship between IPO activity and forward returns was especially pronounced in the dot-com bubble and again in mid-2014," Weisberger added.
Will Facebook's New Crypto Venture Kill Bitcoin or Fuel the Fire?
FB (Facebook Inc. ) | The Street
Facebook (FB) is entering the crypto-space with the roll-out of its latest venture, 'Libra' later this week. The platform could provide the embattled social media giant with a new revenue stream of tremendous proportions, but could it destroy bitcoin in the process? "And Facebook [during this time] stopped all marketing of bitcoin and cryptos as they were building out their own currency." Mark Zuckerberg's company is expected to provide details about its cryptocurrency, Libra, in a white paper set for release on Tuesday. Reports suggest the new digital coin will allow Facebook's base of more than 2 billion users across Facebook, Instagram and WhatsApp to transfer money and purchase goods without fees.
Why Apple Should Design Its Own Baseband Chips
AAPL (Apple Inc.) | Forbes
View our interactive dashboard analysis on How Could Apple’s Margins Benefit If It Designed Its Own Baseband Chips? The in-house chip design team currently develops its A-series processors, wireless chips for audio products, and is increasingly focusing on power management. While 4G baseband chips cost Apple about $18 for the iPhone X series per IHS Markit, 5G chips are expected to cost twice as much as 4G chips per JP Morgan, although we believe prices will decline with time. By designing its own baseband chips, Apple could protect its margins and be less dependent on vendors such as Qualcomm. On a dollar basis, overall gross profits could be about 1% higher if Apple adopts its own baseband chips.
Lime About to Drop Thousands of E-Scooters on German Cities
Lime | Yahoo Finance
Rival Circ, formally Flash, was created by Delivery Hero SE co-founder Lukasz Gadowski and signed a partnership agreement with Herne, a city in North Rhine-Westphalia, to offer e-scooters for rent. In Germany, Lime is cooperating with authorities and will pursue a more careful growth strategy by partnering with local companies and starting with a fleet "in the low thousands,” Bao said. Swedish mobility startup Voi Technology AB said last month it would begin operations in Germany as soon as June. And in Berlin, local e-scooter sharing startup Tier Mobility just scored an investment from former Formula One world champion Nico Rosberg. Germany is the first country to implement higher standards for e-scooters in a move that will "up the bar for the entire industry," Bao said.
Will the Government Get Tough on Big Tech?
AMZN (Amazon.com Inc) | The New Yorker
Apple, Amazon, Alphabet (which owns Google), and Facebook—known in the tech world as the Big Four—are among the largest and most profitable companies in the world, and they’ve been accustomed to the laxest of oversight from Washington. The Federal Trade Commission, the Department of Justice, and the House Judiciary Committee are all investigating different aspects of the Big Four; Elizabeth Warren has made breaking up these companies a cornerstone of her Presidential campaign. Sue Halpern, a New Yorker contributor, sounds a cautious note about these developments. Current antitrust law doesn’t well fit the nature of these businesses, and breaking up the companies will not necessarily solve underlying issues, like the lack of privacy law. They have to do something,” she notes, “but they want to direct the conversation so that, ultimately, they still win.”
Mastercard launches True Name cards to make paying with credit cards easier for trans and non-binary communities
MA (Mastercard Incorporated) | CNBC
Mastercard announced on Monday, June 17, its True Name™ card initiative, which will allow for chosen names to appear on the front of consumers' cards. Many members in the LGBTQ community, particularly trans and non-binary people, have run into issues purchasing items with a credit card and been faced with discrimination. This spurred the True Name card initiative. With Mastercard True Name "you can choose your name on your credit card, your debit card and your prepaid card, which is amazing." Mastercard plans to have True Name cards on the market by early 2020.
Ripple Announces Strategic Partnership with Money Transfer Giant, MoneyGram
MGI (Moneygram International Inc.) | Business Wire
Ripple, a provider of leading enterprise blockchain solutions for global payments, has agreed to enter into a strategic partnership with MoneyGram (NASDAQ: MGI), one of the world’s largest money transfer companies. Through this strategic partnership MoneyGram will be able to settle key currencies and match the timing of funding with its settlement requirements reducing costs, improving its balance sheet efficiency, and reducing risk.
A Huawei Ban May Not Be the Answer
002502 (Huawei Technology Company Ltd) | Nasdaq
The U.S. ban on Huawei products may not be the best way to handle the national security concern the issue has raised. This would force Huawei to use products developed internally or by others that may not be as good, with the possibility of weakening network security. Also, while the U.S. alert has brought reactions from Australia, New Zealand and Japan, others like Russia, Germany and the Netherlands are likely to go ahead and use Huawei technology in 5G networks. Huawei has said that the ban will hurt about 1,200 U.S. suppliers. FinallyTrump has indicated that Huawei negotiations could be made part of the trade deal, but security experts are against it.
Is YouTube too big to fix everything?
GOOG (Alphabet Inc.) | USA Today
Or at least, that's impression Google CEO Sundar Pichai suggested in a CNN interview. Google-owned YouTube has been struggling with all sorts of content that YouTubers have flagged, including fake and conspiracy videos and lewd comments on children's videos. Google CEO Sundar Pichai testifies before the House Judiciary Committee, Tuesday, Dec. 11, 2018, in Washington. YouTube receives 400 hours of new content uploaded every minute, which makes true monitoring of the content impossible. The Google CEO compared it to credit card systems.
Internet Trends Report: Why Immigration Is Critical To The US Tech Industry
NVDA (NVIDIA Corporation) | Benzinga
Immigration is an important driver of the United States technology industry – without immigrants, it’s not quite clear that many of the biggest tech companies would have been started. And their influence is even bigger when looking at the most successful tech companies, according to Bond Capital’s Mary Meeker, who publishes the highly influential Internet Trends report each year. Overall, 60% of the highest-value tech companies were founded by first- or second-generation Americans, according to Bond’s Internet Trends. Bill Gates told Congress back in 2008 that for every tech worker admitted to the country, five American jobs are created. Some estimates say more than 70% of Silicon Valley tech workers are immigrants, wrote Mehta, the author of "This Land is Our Land: An Immigrant's Manifesto."
The red-hot IPO market this year could mean bad news for future stock returns
CHWY (Chewy Inc Class A) | CNBC
It's also because of "the notion that incremental IPO supply is difficult for the market to digest, suppressing forward returns," Weisberger wrote. As the Bernstein chart below illustrates, more IPO activity is negative related to future S&P 500 returns. More IPO activity in the prior 12 months tends to be an indicator of market losses to come. "IPO activity leads and is negatively correlated to market returns" with a value of -0.3. "The relationship between IPO activity and forward returns was especially pronounced in the dot-com bubble and again in mid-2014," Weisberger added.
Will Facebook's New Crypto Venture Kill Bitcoin or Fuel the Fire?
FB (Facebook Inc. ) | The Street
Facebook (FB) is entering the crypto-space with the roll-out of its latest venture, 'Libra' later this week. The platform could provide the embattled social media giant with a new revenue stream of tremendous proportions, but could it destroy bitcoin in the process? "And Facebook [during this time] stopped all marketing of bitcoin and cryptos as they were building out their own currency." Mark Zuckerberg's company is expected to provide details about its cryptocurrency, Libra, in a white paper set for release on Tuesday. Reports suggest the new digital coin will allow Facebook's base of more than 2 billion users across Facebook, Instagram and WhatsApp to transfer money and purchase goods without fees.
Why Apple Should Design Its Own Baseband Chips
AAPL (Apple Inc.) | Forbes
View our interactive dashboard analysis on How Could Apple’s Margins Benefit If It Designed Its Own Baseband Chips? The in-house chip design team currently develops its A-series processors, wireless chips for audio products, and is increasingly focusing on power management. While 4G baseband chips cost Apple about $18 for the iPhone X series per IHS Markit, 5G chips are expected to cost twice as much as 4G chips per JP Morgan, although we believe prices will decline with time. By designing its own baseband chips, Apple could protect its margins and be less dependent on vendors such as Qualcomm. On a dollar basis, overall gross profits could be about 1% higher if Apple adopts its own baseband chips.
Lime About to Drop Thousands of E-Scooters on German Cities
Lime | Yahoo Finance
Rival Circ, formally Flash, was created by Delivery Hero SE co-founder Lukasz Gadowski and signed a partnership agreement with Herne, a city in North Rhine-Westphalia, to offer e-scooters for rent. In Germany, Lime is cooperating with authorities and will pursue a more careful growth strategy by partnering with local companies and starting with a fleet "in the low thousands,” Bao said. Swedish mobility startup Voi Technology AB said last month it would begin operations in Germany as soon as June. And in Berlin, local e-scooter sharing startup Tier Mobility just scored an investment from former Formula One world champion Nico Rosberg. Germany is the first country to implement higher standards for e-scooters in a move that will "up the bar for the entire industry," Bao said.
Will the Government Get Tough on Big Tech?
AMZN (Amazon.com Inc) | The New Yorker
Apple, Amazon, Alphabet (which owns Google), and Facebook—known in the tech world as the Big Four—are among the largest and most profitable companies in the world, and they’ve been accustomed to the laxest of oversight from Washington. The Federal Trade Commission, the Department of Justice, and the House Judiciary Committee are all investigating different aspects of the Big Four; Elizabeth Warren has made breaking up these companies a cornerstone of her Presidential campaign. Sue Halpern, a New Yorker contributor, sounds a cautious note about these developments. Current antitrust law doesn’t well fit the nature of these businesses, and breaking up the companies will not necessarily solve underlying issues, like the lack of privacy law. They have to do something,” she notes, “but they want to direct the conversation so that, ultimately, they still win.”
Mastercard launches True Name cards to make paying with credit cards easier for trans and non-binary communities
MA (Mastercard Incorporated) | CNBC
Mastercard announced on Monday, June 17, its True Name™ card initiative, which will allow for chosen names to appear on the front of consumers' cards. Many members in the LGBTQ community, particularly trans and non-binary people, have run into issues purchasing items with a credit card and been faced with discrimination. This spurred the True Name card initiative. With Mastercard True Name "you can choose your name on your credit card, your debit card and your prepaid card, which is amazing." Mastercard plans to have True Name cards on the market by early 2020.
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