Why The U.S. Still Lags Behind China In Mobile Wallet Adoption
* Stories are summarized by an A.I.
* Stocks or companies mentioned: SUBX, TSN, SPOT, FDX, MSFT, TGT, DIS, MU, AMD, and GOOG
Why The U.S. Still Lags Behind China In Mobile Wallet Adoption
SBUX (Starbucks Corporation) | Forbes
The U.S. is falling behind much of Asia – especially China – when it comes to mobile wallet adoption, and the gap is growing wider. 1. Credit Card PenetrationAmericans, particularly millennials, are easily seduced into signing up for credit cards, especially those offering rewards. In fact, many have bypassed credit cards entirely, opting to switch from cash to mobile wallets that essentially act like debit cards. The more complicated a mobile payment platform’s design is, the less likely it is to gain mainstream adoption. As China continues to surge in innovation and Americans mount more credit card debt, that shift becomes more likely every day.
Justice Department Investigates Chicken Industry
TSN (Tyson Foods, Inc) | The Wall Street Journal
The U.S. Department of Justice is pursuing a criminal investigation into the nation’s chicken industry, following allegations that top poultry processors colluded to keep prices artificially high. Justice Department lawyers are seeking a six-month halt in evidence collection in a long-running civil lawsuit against chicken processors including Tyson Foods Inc., Pilgrim’s Pride Corp., Sanderson Farms Inc. and Perdue Farms Inc.
Apple bites back at Spotify, saying it collects a fee from less than 1% of the music app's premium users
SPOT (Spotify Technology S.A.) | Business insider
Music streaming service Spotify pays Apple a 15% fee on about 680,000 of its 100 million premium customers, Apple disclosed in a response to Spotify's complaint with European antitrust regulators. Premium customers pay a monthly fee or are in a free trial of Spotify's premium service, which is ad free. Apple charges a 30% fee for in-app purchases made through the App Store, a fee that drops to 15% on subscription purchases after one year. Because the 680,000 premium Spotify customers who signed up during that period have all been paying for more than a year, Spotify pays Apple the lower 15% fee on them, Apple said in its response. Spotify also in its complaint said that Apple does not allow Spotify on HomePod, Apple's smart speaker.
FedEx warns 2020 results to be hurt by trade war, shares fall 2%
FDX (FedEx Corporation) | Reuters
Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned its fiscal 2020 performance would be hurt by trade uncertainty and non-renewal of Amazon contract, sending its shares down 2%.
Microsoft’s New OneDrive Personal Vault Keeps Important Files On Lockdown When You Travel
MSFT (Microsoft Corporation ) | Forbes
Earlier today, Microsoft announced that is rolling out a new OneDrive feature called Personal Vault that will automatically encrypt and store your files in a separate secured container. This ensures that the files will be more secure in the event that someone gains access to your computer, smartphone, or OneDrive account. But Personal Vault is the surely the biggest differentiator to date for Microsoft's OneDrive because Google Drive and Apple's iCloud don't yet offer a storage vault with the same level of security. Anyone with a Microsoft account can get a free OneDrive account. A free account comes with 5GB free storage space.
Target announces 'Deal Days' to coincide with Amazon Prime Day
TGT (Target Corporation) | Market Watch
TGT, late Tuesday announced its first-ever "Target Deal Days," scheduled for July 15 and 16, to build upon the success of last year's one-day sales event. Target's event will include "rarely-on-sale, exclusive home, apparel and toy brands" as well as discounts and new deals each day, the company said in a press release.
Box Office: ‘Toy Story 4’ Drops 58% For $14 Million Monday As ‘Lion King’ Breaks Disney Presale Records
DIS (The Walt Disney Company) | Forbes
Toy Story 4 earned another $14.152 million on its fourth day of release, dropping 58% from its $33.976 million Sunday gross. And while that 58% drop was larger than Finding Dory (-43% for a $19 million Monday) or Incredibles 2 (-55% for a $23 million Monday last year), it was right in line with Minions' 58% drop in July of 2015 after a $115 million domestic debut. Heck, a "weekend-to-first-week" multiplier like Incredibles 2 (1.47x its $182 million debut) gets Toy Story 4 to $177 million domestic by Thursday while legs like Toy Story 3 (1.51x its $110 million debut) gets it to $182 million by Thursday. But even a run like Minions ($336 million from a $115 million debut) gets Toy Story 3 to $350 million, which isn't exactly a tragedy. is contrasted with Disney going full-steam ahead with The Lion King.
Micron Has Resumed Shipments to Huawei in Past Two Weeks
MU (Micron Technology Inc.) | The Wall Street Journal
Micron Technology Inc. has resumed some shipments to Huawei Technologies Co. after determining that they didn’t fall afoul of U.S. curbs on exports to the Chinese telecom giant, the memory chip maker’s chief executive said Tuesday.
Report: Upcoming Microsoft Surface devices may use AMD or Qualcomm chips
AMD (Advanced Micro Devices Inc.) | PC World
Upcoming Microsoft Surface devices may use chips from either AMD or Qualcomm, according to a report, as Microsoft attempts to diversify its portfolio. Microsoft typically hosts events to refresh its Surface devices in October. The 2018 improvements to both the Surface Pro 6 and Surface Laptop 2 were mostly cosmetic. For instance, Microsoft’s Surface Pro devices typically include an LTE variant that ships later. Shifting to AMD for the Surface Pro, on the other hand, would allow Microsoft to bundle in a bit more graphics horsepower.
YouTube's problems with kids content aren't going away
GOOG (Alphabet Inc.) | CNET
A US senator and a pair of consumer privacy groups sent letters to the Federal Trade Commission on Tuesday expressing concern over YouTube's policy toward kids content and calling on the agency to take action. Sen. Ed Markey, a Democrat from Massachusets, urged the FTC to "hold YouTube accountable for any illegal activity affecting children that the company may have committed." COPPA passed in 1998 and includes guidelines prohibiting the collection of data on children under 13 without parental consent. In his letter, Markey pointed out that YouTube channels directed toward kids have millions of subscribers. "It is incumbent upon the FTC to enforce federal law and act as a check against the ever-increasing appetite for children's data."
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* Stocks or companies mentioned: SUBX, TSN, SPOT, FDX, MSFT, TGT, DIS, MU, AMD, and GOOG
Why The U.S. Still Lags Behind China In Mobile Wallet Adoption
SBUX (Starbucks Corporation) | Forbes
The U.S. is falling behind much of Asia – especially China – when it comes to mobile wallet adoption, and the gap is growing wider. 1. Credit Card PenetrationAmericans, particularly millennials, are easily seduced into signing up for credit cards, especially those offering rewards. In fact, many have bypassed credit cards entirely, opting to switch from cash to mobile wallets that essentially act like debit cards. The more complicated a mobile payment platform’s design is, the less likely it is to gain mainstream adoption. As China continues to surge in innovation and Americans mount more credit card debt, that shift becomes more likely every day.
Justice Department Investigates Chicken Industry
TSN (Tyson Foods, Inc) | The Wall Street Journal
The U.S. Department of Justice is pursuing a criminal investigation into the nation’s chicken industry, following allegations that top poultry processors colluded to keep prices artificially high. Justice Department lawyers are seeking a six-month halt in evidence collection in a long-running civil lawsuit against chicken processors including Tyson Foods Inc., Pilgrim’s Pride Corp., Sanderson Farms Inc. and Perdue Farms Inc.
Apple bites back at Spotify, saying it collects a fee from less than 1% of the music app's premium users
SPOT (Spotify Technology S.A.) | Business insider
Music streaming service Spotify pays Apple a 15% fee on about 680,000 of its 100 million premium customers, Apple disclosed in a response to Spotify's complaint with European antitrust regulators. Premium customers pay a monthly fee or are in a free trial of Spotify's premium service, which is ad free. Apple charges a 30% fee for in-app purchases made through the App Store, a fee that drops to 15% on subscription purchases after one year. Because the 680,000 premium Spotify customers who signed up during that period have all been paying for more than a year, Spotify pays Apple the lower 15% fee on them, Apple said in its response. Spotify also in its complaint said that Apple does not allow Spotify on HomePod, Apple's smart speaker.
FedEx warns 2020 results to be hurt by trade war, shares fall 2%
FDX (FedEx Corporation) | Reuters
Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned its fiscal 2020 performance would be hurt by trade uncertainty and non-renewal of Amazon contract, sending its shares down 2%.
Microsoft’s New OneDrive Personal Vault Keeps Important Files On Lockdown When You Travel
MSFT (Microsoft Corporation ) | Forbes
Earlier today, Microsoft announced that is rolling out a new OneDrive feature called Personal Vault that will automatically encrypt and store your files in a separate secured container. This ensures that the files will be more secure in the event that someone gains access to your computer, smartphone, or OneDrive account. But Personal Vault is the surely the biggest differentiator to date for Microsoft's OneDrive because Google Drive and Apple's iCloud don't yet offer a storage vault with the same level of security. Anyone with a Microsoft account can get a free OneDrive account. A free account comes with 5GB free storage space.
Target announces 'Deal Days' to coincide with Amazon Prime Day
TGT (Target Corporation) | Market Watch
TGT, late Tuesday announced its first-ever "Target Deal Days," scheduled for July 15 and 16, to build upon the success of last year's one-day sales event. Target's event will include "rarely-on-sale, exclusive home, apparel and toy brands" as well as discounts and new deals each day, the company said in a press release.
Box Office: ‘Toy Story 4’ Drops 58% For $14 Million Monday As ‘Lion King’ Breaks Disney Presale Records
DIS (The Walt Disney Company) | Forbes
Toy Story 4 earned another $14.152 million on its fourth day of release, dropping 58% from its $33.976 million Sunday gross. And while that 58% drop was larger than Finding Dory (-43% for a $19 million Monday) or Incredibles 2 (-55% for a $23 million Monday last year), it was right in line with Minions' 58% drop in July of 2015 after a $115 million domestic debut. Heck, a "weekend-to-first-week" multiplier like Incredibles 2 (1.47x its $182 million debut) gets Toy Story 4 to $177 million domestic by Thursday while legs like Toy Story 3 (1.51x its $110 million debut) gets it to $182 million by Thursday. But even a run like Minions ($336 million from a $115 million debut) gets Toy Story 3 to $350 million, which isn't exactly a tragedy. is contrasted with Disney going full-steam ahead with The Lion King.
Micron Has Resumed Shipments to Huawei in Past Two Weeks
MU (Micron Technology Inc.) | The Wall Street Journal
Micron Technology Inc. has resumed some shipments to Huawei Technologies Co. after determining that they didn’t fall afoul of U.S. curbs on exports to the Chinese telecom giant, the memory chip maker’s chief executive said Tuesday.
Report: Upcoming Microsoft Surface devices may use AMD or Qualcomm chips
AMD (Advanced Micro Devices Inc.) | PC World
Upcoming Microsoft Surface devices may use chips from either AMD or Qualcomm, according to a report, as Microsoft attempts to diversify its portfolio. Microsoft typically hosts events to refresh its Surface devices in October. The 2018 improvements to both the Surface Pro 6 and Surface Laptop 2 were mostly cosmetic. For instance, Microsoft’s Surface Pro devices typically include an LTE variant that ships later. Shifting to AMD for the Surface Pro, on the other hand, would allow Microsoft to bundle in a bit more graphics horsepower.
YouTube's problems with kids content aren't going away
GOOG (Alphabet Inc.) | CNET
A US senator and a pair of consumer privacy groups sent letters to the Federal Trade Commission on Tuesday expressing concern over YouTube's policy toward kids content and calling on the agency to take action. Sen. Ed Markey, a Democrat from Massachusets, urged the FTC to "hold YouTube accountable for any illegal activity affecting children that the company may have committed." COPPA passed in 1998 and includes guidelines prohibiting the collection of data on children under 13 without parental consent. In his letter, Markey pointed out that YouTube channels directed toward kids have millions of subscribers. "It is incumbent upon the FTC to enforce federal law and act as a check against the ever-increasing appetite for children's data."
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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