Amazon Seeks FAA Approval For Its Prime Air Drone
* Stories are summarized by an A.I.
* Stocks or companies mentioned: AMZN, Proterra, ROKU, ATVI, UBER, TSLA, AAPL, Etihad Airways, KHC, and FB
Amazon Seeks FAA Approval For Its Prime Air Drone
AMZN (Amazon.com Inc.) | Benzinga
As the company stated in June, Prime Air plans to deliver packages of up to 5 pounds to customers within 30 minutes of placing an order. "This year we demonstrated our commitment to our customers by announcing our expansion of one-day delivery with Amazon Prime," Cassidy said. Wing Aviation, a subsidiary of Google parent Alphabet Inc. (NASDAQ: GOOGL), was the first to receive approval from the agency for commercial drone operations, with initial plans in the Blacksburg-Roanoke area in southern Virginia. Amazon Prime Air operational concept. Source: AmazonAs with other commercial drone operators, Prime Air will fly below 400 feet, with exceptions made to avoid uncharted objects.
Read More
Electric Unicorn: Bus Maker Proterra May Hit $1 Billion Valuation With New Funding Round
Proterra | Forbes
Proterra, a Silicon Valley-based electric bus maker that may be eyeing an IPO, has a new fundraising round in the works that likely pushes the company to a unicorn-class valuation of $1 billion, according to a monitor of high-value startups. If it raises the maximum amount, Proterra’s cumulative funding will reach at least $600 million in addition to buoying its valuation. Shares from the Series 8 round may be worth up to $6.9075, and it includes a “Senior” liquidation preference, he said. Still, Popple told Forbes in a 2016 interview an IPO was possible within a few years, without elaborating. Current Proterra investors include GM Ventures, Daimler and BMW and VCs such as Kleiner Perkins Caufield & Byers and Tao Capital Partners.
Read More
Can You Be Surprised With Roku?
ROKU (Roku Inc.) | Talk Markets
Roku (ROKU) is the second best performing stock in the Russell 1000 today with a gain of more than 20%. The catalyst for this move is a strong earnings report after the close yesterday. ROKU is also one of ten stocks that reported a triple play in the past 24 hours. ROKU has been one of the most volatile stocks on earnings, averaging a move on its earnings reaction day of +/-24.47%. If ROKU manages to hold onto this 20% gain through the close, it will mark the third straight quarter with an over 20% gain in response to earnings.
Read More
UPDATE 1-Activision third-quarter forecast disappoints; shares fall
ATVI (Activision Blizzard Inc) | Reuters
Videogame maker Activision Blizzard Inc’s (ATVI.O) current-quarter forecast for profit and revenue fell short of estimates on Thursday, overshadowing better-than-expected second-quarter results, sending shares down 3.7%. REUTERS/ Mike Blake/File Photo Activision forecast third-quarter adjusted revenue of $1.10 billion and profit of 20 cents per share, below average analyst estimate of $1.36 billion and 40 cents per share.
Read More
Uber Stock Is Slumping After Earnings Because Its Revenue Wasn’t Quite What the Market Was Expecting
UBER (Uber Technologies Inc) | Barron's
However, it remains an analyst favorite for its disruptive qualities and hope that Uber could break even more quickly than expected. The stock got a bit of a boost from its first-quarter earnings, and then again earlier this week, when rival Lyft (LYFT) released a surprisingly good earnings report. After the close of regular trading Thursday, Uber said it lost $2.01 a share on revenue that rose 14.4% to $3.17 billion. Uber’s results weren’t what investors were hoping for. Uber is down 11.5% to $38.05 in recent trading, while Lyft has dropped 1.6% to $61.10.
Read More
Tesla stands by safety claims despite US probes, subpoenas over crashes
TSLA (Tesla Inc.) | Money Control
Electric carmaker Tesla Inc stood by its Model 3 safety claims in the face of regulatory scrutiny, while documents showed the top U.S. automotive safety watchdog issued at least five subpoenas since last year seeking information about crashes involving the company's vehicles. The NHTSA sent a cease-and-desist letter to Tesla on Oct. 17, for making "misleading statements" over safety ratings of the Model 3. In its October letter, NHTSA said Tesla disregarded the difference in relative weights between its vehicles and others, making accurate comparisons impossible and misleading consumers. Following a death involving Autopilot in 2016, the National Transportation Safety Board, which investigates accidents, faulted Autopilot for lacking system safeguards. The documents revealed that NHTSA sent Tesla at least five subpoenas from April 2018 through March 2019 related to vehicle crashes, with a request for information about another crash sent in June.
Read More
Apple offers record 'bounty' to researchers who find iPhone security flaws
AAPL (Apple Inc.) | Reuters
Apple Inc (AAPL.O) is offering cyber security researchers up to $1 million to detect flaws in iPhones, the largest reward offered by a company to defend against hackers, at a time of rising concern about governments breaking into the mobile devices of dissidents, journalists and human rights advocates.
Read More
Etihad Airways Integrates Travel-Focused Blockchain Platform Winding Tree
Etihad Airways | Coin Telegraph
The national carrier of the United Arab Emirates Etihad Airways has partnered with blockchain-based platform for the travel industry Winding Tree to explore how blockchain can aid in distribution. Logistics see greater adoption of blockchainAs Reuters reported on Aug. 8, Etihad joined a range of other leading international airlines that already deploy the Winding Tree platform, including Air Canada, Air France-KLM, and Lufthansa. When there’s innovation, you start to have disruption, you have competition which results in better prices for the consumer.”Blockchain captivates the airline industryAs previously reported, Air Canada announced its participation in the Winding Tree platform last October. Keith Wallis, Director of Global Product Distribution for Air Canada, said then:“Air Canada recognizes the importance of leveraging this next generation technology. We plan to integrate Air Canada's Direct Connect API with Winding Tree's public blockchain platform, giving blockchain-savvy users the ability to access our content directly from the source."
Read More
Why Kraft Heinz Stock Crashed 14% This Morning
KHC (The Kraft Heinz Company) | The Motley Fool
Shares of packaged foods giant Kraft Heinz (NASDAQ:KHC) are in free fall, down 13.7% as of 9:55 a.m. EDT after management reported first-half 2019 financial results this morning. For fiscal H1, Kraft reported a 5% decline in sales to $12.4 billion and a much steeper 24% decline in earnings per share -- $1.44. Management noted that "promotional timing" and lower prices charged on its products hurt both sales and revenues in the period. So whatArguably worse, Kraft's 24% decline in "profit" referred to pro-forma profit only, not to profits calculated according to generally accepted accounting principles (GAAP). By that more standardized measure, Kraft actually earned only $0.70 per diluted share in H1 -- more than a 50% drop from last year's H1 profit of $1.43 per share.
Read More
UPDATE 1-Facebook loses facial recognition appeal, must face privacy class action
FB (Facebook Inc.) | Reuters
A federal appeals court on Thursday rejected Facebook Inc’s (FB.O) effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their consent.
Read More
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* Stocks or companies mentioned: AMZN, Proterra, ROKU, ATVI, UBER, TSLA, AAPL, Etihad Airways, KHC, and FB
Amazon Seeks FAA Approval For Its Prime Air Drone
AMZN (Amazon.com Inc.) | Benzinga
As the company stated in June, Prime Air plans to deliver packages of up to 5 pounds to customers within 30 minutes of placing an order. "This year we demonstrated our commitment to our customers by announcing our expansion of one-day delivery with Amazon Prime," Cassidy said. Wing Aviation, a subsidiary of Google parent Alphabet Inc. (NASDAQ: GOOGL), was the first to receive approval from the agency for commercial drone operations, with initial plans in the Blacksburg-Roanoke area in southern Virginia. Amazon Prime Air operational concept. Source: AmazonAs with other commercial drone operators, Prime Air will fly below 400 feet, with exceptions made to avoid uncharted objects.
Read More
Electric Unicorn: Bus Maker Proterra May Hit $1 Billion Valuation With New Funding Round
Proterra | Forbes
Proterra, a Silicon Valley-based electric bus maker that may be eyeing an IPO, has a new fundraising round in the works that likely pushes the company to a unicorn-class valuation of $1 billion, according to a monitor of high-value startups. If it raises the maximum amount, Proterra’s cumulative funding will reach at least $600 million in addition to buoying its valuation. Shares from the Series 8 round may be worth up to $6.9075, and it includes a “Senior” liquidation preference, he said. Still, Popple told Forbes in a 2016 interview an IPO was possible within a few years, without elaborating. Current Proterra investors include GM Ventures, Daimler and BMW and VCs such as Kleiner Perkins Caufield & Byers and Tao Capital Partners.
Read More
Can You Be Surprised With Roku?
ROKU (Roku Inc.) | Talk Markets
Roku (ROKU) is the second best performing stock in the Russell 1000 today with a gain of more than 20%. The catalyst for this move is a strong earnings report after the close yesterday. ROKU is also one of ten stocks that reported a triple play in the past 24 hours. ROKU has been one of the most volatile stocks on earnings, averaging a move on its earnings reaction day of +/-24.47%. If ROKU manages to hold onto this 20% gain through the close, it will mark the third straight quarter with an over 20% gain in response to earnings.
Read More
UPDATE 1-Activision third-quarter forecast disappoints; shares fall
ATVI (Activision Blizzard Inc) | Reuters
Videogame maker Activision Blizzard Inc’s (ATVI.O) current-quarter forecast for profit and revenue fell short of estimates on Thursday, overshadowing better-than-expected second-quarter results, sending shares down 3.7%. REUTERS/ Mike Blake/File Photo Activision forecast third-quarter adjusted revenue of $1.10 billion and profit of 20 cents per share, below average analyst estimate of $1.36 billion and 40 cents per share.
Read More
Uber Stock Is Slumping After Earnings Because Its Revenue Wasn’t Quite What the Market Was Expecting
UBER (Uber Technologies Inc) | Barron's
However, it remains an analyst favorite for its disruptive qualities and hope that Uber could break even more quickly than expected. The stock got a bit of a boost from its first-quarter earnings, and then again earlier this week, when rival Lyft (LYFT) released a surprisingly good earnings report. After the close of regular trading Thursday, Uber said it lost $2.01 a share on revenue that rose 14.4% to $3.17 billion. Uber’s results weren’t what investors were hoping for. Uber is down 11.5% to $38.05 in recent trading, while Lyft has dropped 1.6% to $61.10.
Read More
Tesla stands by safety claims despite US probes, subpoenas over crashes
TSLA (Tesla Inc.) | Money Control
Electric carmaker Tesla Inc stood by its Model 3 safety claims in the face of regulatory scrutiny, while documents showed the top U.S. automotive safety watchdog issued at least five subpoenas since last year seeking information about crashes involving the company's vehicles. The NHTSA sent a cease-and-desist letter to Tesla on Oct. 17, for making "misleading statements" over safety ratings of the Model 3. In its October letter, NHTSA said Tesla disregarded the difference in relative weights between its vehicles and others, making accurate comparisons impossible and misleading consumers. Following a death involving Autopilot in 2016, the National Transportation Safety Board, which investigates accidents, faulted Autopilot for lacking system safeguards. The documents revealed that NHTSA sent Tesla at least five subpoenas from April 2018 through March 2019 related to vehicle crashes, with a request for information about another crash sent in June.
Read More
Apple offers record 'bounty' to researchers who find iPhone security flaws
AAPL (Apple Inc.) | Reuters
Apple Inc (AAPL.O) is offering cyber security researchers up to $1 million to detect flaws in iPhones, the largest reward offered by a company to defend against hackers, at a time of rising concern about governments breaking into the mobile devices of dissidents, journalists and human rights advocates.
Read More
Etihad Airways Integrates Travel-Focused Blockchain Platform Winding Tree
Etihad Airways | Coin Telegraph
The national carrier of the United Arab Emirates Etihad Airways has partnered with blockchain-based platform for the travel industry Winding Tree to explore how blockchain can aid in distribution. Logistics see greater adoption of blockchainAs Reuters reported on Aug. 8, Etihad joined a range of other leading international airlines that already deploy the Winding Tree platform, including Air Canada, Air France-KLM, and Lufthansa. When there’s innovation, you start to have disruption, you have competition which results in better prices for the consumer.”Blockchain captivates the airline industryAs previously reported, Air Canada announced its participation in the Winding Tree platform last October. Keith Wallis, Director of Global Product Distribution for Air Canada, said then:“Air Canada recognizes the importance of leveraging this next generation technology. We plan to integrate Air Canada's Direct Connect API with Winding Tree's public blockchain platform, giving blockchain-savvy users the ability to access our content directly from the source."
Read More
Why Kraft Heinz Stock Crashed 14% This Morning
KHC (The Kraft Heinz Company) | The Motley Fool
Shares of packaged foods giant Kraft Heinz (NASDAQ:KHC) are in free fall, down 13.7% as of 9:55 a.m. EDT after management reported first-half 2019 financial results this morning. For fiscal H1, Kraft reported a 5% decline in sales to $12.4 billion and a much steeper 24% decline in earnings per share -- $1.44. Management noted that "promotional timing" and lower prices charged on its products hurt both sales and revenues in the period. So whatArguably worse, Kraft's 24% decline in "profit" referred to pro-forma profit only, not to profits calculated according to generally accepted accounting principles (GAAP). By that more standardized measure, Kraft actually earned only $0.70 per diluted share in H1 -- more than a 50% drop from last year's H1 profit of $1.43 per share.
Read More
UPDATE 1-Facebook loses facial recognition appeal, must face privacy class action
FB (Facebook Inc.) | Reuters
A federal appeals court on Thursday rejected Facebook Inc’s (FB.O) effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their consent.
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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