Every Starbucks growth strategy is working
* Stories are summarized by an A.I.
* Stocks or companies mentioned: SBUX, EFX, AAPL, AMZN, Boring Co, FB, GOOG, LUV, MSFT, and GM
Every Starbucks growth strategy is working
SBUX (Starbucks Corporation) | CNN
Starbucks has put several plans in place to accelerate growth, and they all seem to be working. The tactics are paying off: Sales at cafes open at least a year grew 6% globally in the third quarter, Starbucks announced Thursday. Net sales grew 8.1% to an all-time high of $6.8 billion. Because of the successful quarter, Starbucks improved its financial outlook for the year. One strategy is adding more stores: In the third quarter, the company opened 442 net new stores, one third of them in China.
Read More
Why People Are Getting Money From the Equifax Deal But Not the Facebook Settlement
EFX (Equifax Inc.) | Time
Why are consumers getting money in the Equifax settlement and not in the Facebook deal? It has to do with federal law, and who lost what in each situation, experts say. In the Equifax case, consumers allegedly lost time and money by trying to protect their personal information in the wake of the data breach. But from a legal perspective, “the people affected by Facebook didn’t lose anything,” said Justin Brookman, the director of Consumer Privacy and Technology Policy at Consumer Reports. Rather than compensating consumers who were harmed, though, the settlement requires Facebook to become more transparent about how it uses consumer data going forward.
Read More
Apple Intel Modem Business Acquisition Announced, $1 Billion
AAPL (Apple Inc) | BGR
It won’t come as much of a surprise since the news leaked the other day, but it’s nevertheless a hugely important move on Apple’s part: the company confirmed on Thursday afternoon that it will acquire the majority of Intel’s smartphone modem business for $1 billion. It’s not just about the iPhone and other products Apple currently sells, of course, because all these businesses will also design chips for future Apple products like AR glasses and perhaps even cars. Apple to acquire the majority of Intel’s smartphone modem businessCupertino and Santa Clara, California — Apple and Intel have signed an agreement for Apple to acquire the majority of Intel’s smartphone modem business. Combining the acquired patents for current and future wireless technology with Apple’s existing portfolio, Apple will hold over 17,000 wireless technology patents, ranging from protocols for cellular standards to modem architecture and modem operation. They, together with our significant acquisition of innovative IP, will help expedite our development on future products and allow Apple to further differentiate moving forward.”
Read More
Amazon’s cloud dominance is starting to slip
AMZN (Amazon.com Inc.) | Quartz
Amazon’s cloud computing business is slowly falling to earth. Cloud services, a business Amazon originally entered to support its own infrastructure, has become incredibly fruitful for the online retailer. In the past year, AWS generated more revenue on its own than McDonald’s or Qualcomm, and nearly as much as Mondelez and Macy’s. But Amazon’s long-term cloud dominance no longer seems a sure thing. Alphabet also reported its latest-quarter earnings today, and while its Google Cloud revenue is far smaller than Amazon’s or Microsoft’s—the Alphabet business line that includes cloud generated $6.2 billion this quarter—Microsoft’s nascent cloud business may have seemed equally small to Amazon just a few ago.
Read More
Elon Musk's Boring Co. raises $120 million to build more tunnels
Boring Co | CNBC
Tesla founder Elon Musk speaks at the unveiling event by "The Boring Company" for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Elon Musk's Boring Co. has raised $120 million in fresh funding, Bloomberg reported Thursday. Much of the publicity Boring Co. has attracted to date is related to the sale of company-branded flamethrowers and hats, which has helped bring in capital. The financing round represents Boring Co.'s first outside investment, according to Bloomberg, which cited a securities filing that authorized the sale of $120 million in stock.
Read More
Facebook's Regulatory Woes Aren't Over
FB (Facebook Inc.) | The Motley Fool
The FTC is now opening a separate investigation into Facebook, this time focusing on antitrust concerns instead of privacy issues. "In June 2019, we were informed by the FTC that it had opened an antitrust investigation of our company," Facebook said. New York Attorney General Letitia James opened an investigation into Facebook in April, alleging unauthorized collection of email addresses. Data Protection Commissioner Helen Dixon is skeptical about CEO Mark Zuckerberg's commitment to privacy. Facebook continued to frame its risks as hypothetical when it knew that data misuses was actually occurring, according to the complaint.
Read More
Google’s future beyond advertising is starting to become clearer
GOOG (Alphabet Inc) | Quartz
Alphabet’s cash cow has always been Google, and Google’s largest revenue driver has always been, by far, advertising. As Alphabet reported its second-quarter earnings today (July 25), some signs of weariness for its tried-and-testing revenue stream are beginning to emerge. Alphabet reported $32.6 billion in revenue from Google’s advertising business, a jump of about 16% over the same period last year. But the cost of getting that revenue, which Google refers to as traffic acquisition costs (TAC), continues to be an issue. Google’s business beyond advertising remains relatively minimal, yet signals of future success are there.
Read More
Southwest is ditching Newark airport. Will other flights cost more?
LUV (Southwest Airlines Co) | nj.com
If you’re flying in and out New Jersey’s biggest airport, it won’t be on Southwest anymore. The Dallas-based airline announced Thursday it will consolidate its New York City-area operations at LaGuardia Airport as of Nov. 3. Southwest’s departure leaves 33 other airlines at Newark, several of which offer service to Southwest’s destinations. Existing airlines at Newark may eye up the vacancies left by Southwest, but in crowded airports like EWR, that isn’t always the best move, Abdelghany said. Southwest said the 125 Newark employees can apply to relocate to other airports with strong customer demand, like LaGuardia.
Read More
Bias in AI: A problem recognized but still unresolved
MSFT (Microsoft Corporation) | Tech Crunch
It was a shocking discovery that led to claims that, rather than heal divisions in society, AI technology would perpetuate them. The AI Now Institute is one such organization researching the social implications of AI technology. IBM is attempting to mitigate bias in its AI machines by applying independent bias ratings to determine the fairness of its AI systems. This isn’t a problem completely overlooked by the technology companies creating AI systems. Solving the problem of bias in AIOf course, improving diversity within the major AI companies would go a long way toward solving the problem of bias in the technology.
Read More
GM's Cruise pushes back its launch date for driverless taxi service
GM (General Motors Company) | ZDNet
Cruise has stepped back from its original goal of launching a fully driverless taxi service by the end of 2019. On a Wednesday Medium blog post, Cruise CEO Dan Ammann announced that the deployment of driverless services would extend to "beyond the end of the year". Cruise had originally told investors in 2017 that it planned to launch a fully driverless taxi service this year, according to Reuters. Amman did not provide a timeline for when Cruise would launch its driverless service. Cruise revealed its first fully driverless car, a Chevrolet Bolt EV lacking a wheel or pedals, back in January 2018.
Read More
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* Stocks or companies mentioned: SBUX, EFX, AAPL, AMZN, Boring Co, FB, GOOG, LUV, MSFT, and GM
Every Starbucks growth strategy is working
SBUX (Starbucks Corporation) | CNN
Starbucks has put several plans in place to accelerate growth, and they all seem to be working. The tactics are paying off: Sales at cafes open at least a year grew 6% globally in the third quarter, Starbucks announced Thursday. Net sales grew 8.1% to an all-time high of $6.8 billion. Because of the successful quarter, Starbucks improved its financial outlook for the year. One strategy is adding more stores: In the third quarter, the company opened 442 net new stores, one third of them in China.
Read More
Why People Are Getting Money From the Equifax Deal But Not the Facebook Settlement
EFX (Equifax Inc.) | Time
Why are consumers getting money in the Equifax settlement and not in the Facebook deal? It has to do with federal law, and who lost what in each situation, experts say. In the Equifax case, consumers allegedly lost time and money by trying to protect their personal information in the wake of the data breach. But from a legal perspective, “the people affected by Facebook didn’t lose anything,” said Justin Brookman, the director of Consumer Privacy and Technology Policy at Consumer Reports. Rather than compensating consumers who were harmed, though, the settlement requires Facebook to become more transparent about how it uses consumer data going forward.
Read More
Apple Intel Modem Business Acquisition Announced, $1 Billion
AAPL (Apple Inc) | BGR
It won’t come as much of a surprise since the news leaked the other day, but it’s nevertheless a hugely important move on Apple’s part: the company confirmed on Thursday afternoon that it will acquire the majority of Intel’s smartphone modem business for $1 billion. It’s not just about the iPhone and other products Apple currently sells, of course, because all these businesses will also design chips for future Apple products like AR glasses and perhaps even cars. Apple to acquire the majority of Intel’s smartphone modem businessCupertino and Santa Clara, California — Apple and Intel have signed an agreement for Apple to acquire the majority of Intel’s smartphone modem business. Combining the acquired patents for current and future wireless technology with Apple’s existing portfolio, Apple will hold over 17,000 wireless technology patents, ranging from protocols for cellular standards to modem architecture and modem operation. They, together with our significant acquisition of innovative IP, will help expedite our development on future products and allow Apple to further differentiate moving forward.”
Read More
Amazon’s cloud dominance is starting to slip
AMZN (Amazon.com Inc.) | Quartz
Amazon’s cloud computing business is slowly falling to earth. Cloud services, a business Amazon originally entered to support its own infrastructure, has become incredibly fruitful for the online retailer. In the past year, AWS generated more revenue on its own than McDonald’s or Qualcomm, and nearly as much as Mondelez and Macy’s. But Amazon’s long-term cloud dominance no longer seems a sure thing. Alphabet also reported its latest-quarter earnings today, and while its Google Cloud revenue is far smaller than Amazon’s or Microsoft’s—the Alphabet business line that includes cloud generated $6.2 billion this quarter—Microsoft’s nascent cloud business may have seemed equally small to Amazon just a few ago.
Read More
Elon Musk's Boring Co. raises $120 million to build more tunnels
Boring Co | CNBC
Tesla founder Elon Musk speaks at the unveiling event by "The Boring Company" for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Elon Musk's Boring Co. has raised $120 million in fresh funding, Bloomberg reported Thursday. Much of the publicity Boring Co. has attracted to date is related to the sale of company-branded flamethrowers and hats, which has helped bring in capital. The financing round represents Boring Co.'s first outside investment, according to Bloomberg, which cited a securities filing that authorized the sale of $120 million in stock.
Read More
Facebook's Regulatory Woes Aren't Over
FB (Facebook Inc.) | The Motley Fool
The FTC is now opening a separate investigation into Facebook, this time focusing on antitrust concerns instead of privacy issues. "In June 2019, we were informed by the FTC that it had opened an antitrust investigation of our company," Facebook said. New York Attorney General Letitia James opened an investigation into Facebook in April, alleging unauthorized collection of email addresses. Data Protection Commissioner Helen Dixon is skeptical about CEO Mark Zuckerberg's commitment to privacy. Facebook continued to frame its risks as hypothetical when it knew that data misuses was actually occurring, according to the complaint.
Read More
Google’s future beyond advertising is starting to become clearer
GOOG (Alphabet Inc) | Quartz
Alphabet’s cash cow has always been Google, and Google’s largest revenue driver has always been, by far, advertising. As Alphabet reported its second-quarter earnings today (July 25), some signs of weariness for its tried-and-testing revenue stream are beginning to emerge. Alphabet reported $32.6 billion in revenue from Google’s advertising business, a jump of about 16% over the same period last year. But the cost of getting that revenue, which Google refers to as traffic acquisition costs (TAC), continues to be an issue. Google’s business beyond advertising remains relatively minimal, yet signals of future success are there.
Read More
Southwest is ditching Newark airport. Will other flights cost more?
LUV (Southwest Airlines Co) | nj.com
If you’re flying in and out New Jersey’s biggest airport, it won’t be on Southwest anymore. The Dallas-based airline announced Thursday it will consolidate its New York City-area operations at LaGuardia Airport as of Nov. 3. Southwest’s departure leaves 33 other airlines at Newark, several of which offer service to Southwest’s destinations. Existing airlines at Newark may eye up the vacancies left by Southwest, but in crowded airports like EWR, that isn’t always the best move, Abdelghany said. Southwest said the 125 Newark employees can apply to relocate to other airports with strong customer demand, like LaGuardia.
Read More
Bias in AI: A problem recognized but still unresolved
MSFT (Microsoft Corporation) | Tech Crunch
It was a shocking discovery that led to claims that, rather than heal divisions in society, AI technology would perpetuate them. The AI Now Institute is one such organization researching the social implications of AI technology. IBM is attempting to mitigate bias in its AI machines by applying independent bias ratings to determine the fairness of its AI systems. This isn’t a problem completely overlooked by the technology companies creating AI systems. Solving the problem of bias in AIOf course, improving diversity within the major AI companies would go a long way toward solving the problem of bias in the technology.
Read More
GM's Cruise pushes back its launch date for driverless taxi service
GM (General Motors Company) | ZDNet
Cruise has stepped back from its original goal of launching a fully driverless taxi service by the end of 2019. On a Wednesday Medium blog post, Cruise CEO Dan Ammann announced that the deployment of driverless services would extend to "beyond the end of the year". Cruise had originally told investors in 2017 that it planned to launch a fully driverless taxi service this year, according to Reuters. Amman did not provide a timeline for when Cruise would launch its driverless service. Cruise revealed its first fully driverless car, a Chevrolet Bolt EV lacking a wheel or pedals, back in January 2018.
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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