Jeff Bezos sells Amazon stock worth $2.8 billion last week
* Stories are summarized by an A.I.
* Stocks or companies mentioned: AMZN, EFX, AAPL, TSN, TSLA, MSFT, Marfrig Global Foods SA, QCOM, SNE, and GOOG
Jeff Bezos sells Amazon stock worth $2.8 billion last week
AMZN (Amazon.com Inc.) | Reuters
Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Bezos had previously said he plans to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.
Read More
It's not just Equifax: Heres every major security breach and data hack so far
EFX (Equifax Inc.) | CNET
In addition, hackers nabbed 209,000 credit card numbers and 182,000 documents containing personal information. In addition to names, addresses, phone numbers, credit card information and email addresses, hackers also swiped millions of unencrypted passport numbers. In June 2017, Anthem agreed to pay $115 million to settle the data breach class-action lawsuit from the 2015 hack. At the time, the numbers made it the biggest data breach in history.
Read More
Japan's FTC investigating Apple over pressure on parts makers: Mainichi
AAPL (Apple Inc.) | Reuters
Japan’s FTC survey of companies showed that Apple had signed contracts forcing firms to provide free technology and know-how to its affiliates for parts manufacturing, the Mainichi said. Last year, the FTC investigated Apple over allegations that it unfairly pressured Yahoo Japan Corp (4689.T) to slow the expansion of its online games platform, which competes with Apple’s App store.
Read More
S&P 500 plunges in worst loss of year as trade war escalates
TSN (Tyson Foods Inc.) | The Washington Post
The S&P 500 dropped 87.31 points, or 3%, to 2,844.74 for its worst loss since December, when the market was wrapped in the throes of recession fears. Profit for companies in the S&P 500 is now expected to contract by roughly 1%. More than three quarters of the S&P 500 have reported financial results. Meat producer Tyson Foods jumped 5.1% for the biggest gain in the S&P 500 after it reported profits that were better than Wall Street expected. It was one of only 11 stocks in the S&P 500 able to eke out a gain.
Read More
Tesla: No Such Thing As 'Structurally Bankrupt'
TSLA (Tesla Inc.) | Seeking Alpha
Tesla reported $593 million in working capital; in 2018, the company reported -$2.4 billion in working capital. Days Inventory Outstanding (DIO): A measure of how many days it takes to turn over inventory, Tesla reported DIO of 56.9; in 2018, the company reported DIO of 89.7. Days Payable Outstanding (DPO): A measure of how many days it takes to pay off Accounts Payable, Tesla reported DPO of 45; in 2018, the company reported DPO of 69. Tesla reported total revenues of $6.35 billion; in 2018, the company reported $4 billion in total revenues. Operating Margins: Tesla reported an operating margin of -2.6%, meaning the company spent more money on SG&A and R&D than it earned in gross profits.
Read More
Big Tech Pummeled On News Of China’s Currency Slide
MSFT (Microsoft Corporation) | PYMNTS
U.S. stocks took their biggest hit of the year, with the country’s largest tech companies getting hit the hardest. As a result, U.S. stocks had their worst weekly performance of 2019 and continued falling on Monday after China allowed its currency to fall to its lowest level against the dollar. The five biggest tech companies lost $66 billion in market value on Friday (Aug. 2), and Monday saw the fall go on to reach $228 billion. Apple had the biggest percentage decline, falling 5.2 percent, as analysts are warning that the proposed tariffs could have a negative impact on the company’s annual earnings. In addition, several retailers have said that the tariffs will affect their businesses.
Read More
Marfrig, ADM to produce plant-based meat in Brazil
Marfrig Global Foods SA | Reuters
Brazil’s Marfrig Global Foods SA, the world’s largest hamburger producer, said on Tuesday it has reached an agreement with U.S.-based Archer Daniels Midland Co to produce and market vegetable protein products in Brazil. “The vegetable burger comes to complement Marfrig’s product portfolio and serve all market channels in which we operate,” Miron said.
Read More
QualPwn vulnerabilities in Qualcomm chips let hackers compromise Android devices
QCOM (QUALCOMM, Inc.) | ZDNet
Read MoreThe Android Security Bulletin for August 2019 is out today and this month's Android security patches include a fix for two dangerous vulnerabilities that impact devices with Qualcomm chips. The over-the-air attack is not a fully remote attack, meaning it can't be executed over the internet. To launch a QualPwn attack, the attacker and the target must be on the same WiFi network. Nonetheless, the QualPwn attacks don't require user interaction, and Android users with affected Qualcomm chipsets will need to look into installing the August 2019 Android OS security patch. QualPwn vulnerabilities breakdownThe two QualPwn vulnerabilities are as follow:CVE-2019-10538 - a buffer overflow that impacts the Qualcomm WLAN component and the Android Kernel.
Read More
Sony is using AI to replace drummers, one beat at a time
SNE (Sony Corp) | Engadget
In order to train the AI system, Sony's researchers compiled data from 665 different songs from a wide range of genres including pop, rock and electronica. The songs all feature ryhthm instruments, bass, kick and snares that were available as separate 44.1kHZ audio tracks. With the contexual signals of those tracks, the researchers created drum kicks by setting a drum samples at all amplitude peaks. The AI system conditionally generates the kickdrum patterns based on the characteristics of the other material that it is placed around, regardless of the song's tempo and changes in speed or duration. Sony isn't the only company that has toyed around with AI-assisted music.
Read More
Google pledges carbon-neutral shipping for its devices by 2020, recycled plastic by 2022
GOOG (Alphabet Inc.) | Venture Beat
Alphabet’s Google on Monday announced that it would neutralize carbon emissions from delivering consumer hardware by next year and include recycled plastic in each of its products by 2022. Three out of nine Google products for which the company has detailed disclosures online contain recycled plastic, ranging from 20% to 42% in the casings for its Google Home speakers and Chromecast streaming dongles. In a blog post, Google committed to introducing some recycled plastic to 100% of products by 2022. Apple, which in 2017 committed to “one day” only using recycled and renewable materials, has at least 50% recycled plastic in some parts of several products, recycled tin in at least 11 products and recycled aluminum in at least two. But sustainability standards are now a part of Google’s hardware planning, Meegan said.
Read More
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* Stocks or companies mentioned: AMZN, EFX, AAPL, TSN, TSLA, MSFT, Marfrig Global Foods SA, QCOM, SNE, and GOOG
Jeff Bezos sells Amazon stock worth $2.8 billion last week
AMZN (Amazon.com Inc.) | Reuters
Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Bezos had previously said he plans to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.
Read More
It's not just Equifax: Heres every major security breach and data hack so far
EFX (Equifax Inc.) | CNET
In addition, hackers nabbed 209,000 credit card numbers and 182,000 documents containing personal information. In addition to names, addresses, phone numbers, credit card information and email addresses, hackers also swiped millions of unencrypted passport numbers. In June 2017, Anthem agreed to pay $115 million to settle the data breach class-action lawsuit from the 2015 hack. At the time, the numbers made it the biggest data breach in history.
Read More
Japan's FTC investigating Apple over pressure on parts makers: Mainichi
AAPL (Apple Inc.) | Reuters
Japan’s FTC survey of companies showed that Apple had signed contracts forcing firms to provide free technology and know-how to its affiliates for parts manufacturing, the Mainichi said. Last year, the FTC investigated Apple over allegations that it unfairly pressured Yahoo Japan Corp (4689.T) to slow the expansion of its online games platform, which competes with Apple’s App store.
Read More
S&P 500 plunges in worst loss of year as trade war escalates
TSN (Tyson Foods Inc.) | The Washington Post
The S&P 500 dropped 87.31 points, or 3%, to 2,844.74 for its worst loss since December, when the market was wrapped in the throes of recession fears. Profit for companies in the S&P 500 is now expected to contract by roughly 1%. More than three quarters of the S&P 500 have reported financial results. Meat producer Tyson Foods jumped 5.1% for the biggest gain in the S&P 500 after it reported profits that were better than Wall Street expected. It was one of only 11 stocks in the S&P 500 able to eke out a gain.
Read More
Tesla: No Such Thing As 'Structurally Bankrupt'
TSLA (Tesla Inc.) | Seeking Alpha
Tesla reported $593 million in working capital; in 2018, the company reported -$2.4 billion in working capital. Days Inventory Outstanding (DIO): A measure of how many days it takes to turn over inventory, Tesla reported DIO of 56.9; in 2018, the company reported DIO of 89.7. Days Payable Outstanding (DPO): A measure of how many days it takes to pay off Accounts Payable, Tesla reported DPO of 45; in 2018, the company reported DPO of 69. Tesla reported total revenues of $6.35 billion; in 2018, the company reported $4 billion in total revenues. Operating Margins: Tesla reported an operating margin of -2.6%, meaning the company spent more money on SG&A and R&D than it earned in gross profits.
Read More
Big Tech Pummeled On News Of China’s Currency Slide
MSFT (Microsoft Corporation) | PYMNTS
U.S. stocks took their biggest hit of the year, with the country’s largest tech companies getting hit the hardest. As a result, U.S. stocks had their worst weekly performance of 2019 and continued falling on Monday after China allowed its currency to fall to its lowest level against the dollar. The five biggest tech companies lost $66 billion in market value on Friday (Aug. 2), and Monday saw the fall go on to reach $228 billion. Apple had the biggest percentage decline, falling 5.2 percent, as analysts are warning that the proposed tariffs could have a negative impact on the company’s annual earnings. In addition, several retailers have said that the tariffs will affect their businesses.
Read More
Marfrig, ADM to produce plant-based meat in Brazil
Marfrig Global Foods SA | Reuters
Brazil’s Marfrig Global Foods SA, the world’s largest hamburger producer, said on Tuesday it has reached an agreement with U.S.-based Archer Daniels Midland Co to produce and market vegetable protein products in Brazil. “The vegetable burger comes to complement Marfrig’s product portfolio and serve all market channels in which we operate,” Miron said.
Read More
QualPwn vulnerabilities in Qualcomm chips let hackers compromise Android devices
QCOM (QUALCOMM, Inc.) | ZDNet
Read MoreThe Android Security Bulletin for August 2019 is out today and this month's Android security patches include a fix for two dangerous vulnerabilities that impact devices with Qualcomm chips. The over-the-air attack is not a fully remote attack, meaning it can't be executed over the internet. To launch a QualPwn attack, the attacker and the target must be on the same WiFi network. Nonetheless, the QualPwn attacks don't require user interaction, and Android users with affected Qualcomm chipsets will need to look into installing the August 2019 Android OS security patch. QualPwn vulnerabilities breakdownThe two QualPwn vulnerabilities are as follow:CVE-2019-10538 - a buffer overflow that impacts the Qualcomm WLAN component and the Android Kernel.
Read More
Sony is using AI to replace drummers, one beat at a time
SNE (Sony Corp) | Engadget
In order to train the AI system, Sony's researchers compiled data from 665 different songs from a wide range of genres including pop, rock and electronica. The songs all feature ryhthm instruments, bass, kick and snares that were available as separate 44.1kHZ audio tracks. With the contexual signals of those tracks, the researchers created drum kicks by setting a drum samples at all amplitude peaks. The AI system conditionally generates the kickdrum patterns based on the characteristics of the other material that it is placed around, regardless of the song's tempo and changes in speed or duration. Sony isn't the only company that has toyed around with AI-assisted music.
Read More
Google pledges carbon-neutral shipping for its devices by 2020, recycled plastic by 2022
GOOG (Alphabet Inc.) | Venture Beat
Alphabet’s Google on Monday announced that it would neutralize carbon emissions from delivering consumer hardware by next year and include recycled plastic in each of its products by 2022. Three out of nine Google products for which the company has detailed disclosures online contain recycled plastic, ranging from 20% to 42% in the casings for its Google Home speakers and Chromecast streaming dongles. In a blog post, Google committed to introducing some recycled plastic to 100% of products by 2022. Apple, which in 2017 committed to “one day” only using recycled and renewable materials, has at least 50% recycled plastic in some parts of several products, recycled tin in at least 11 products and recycled aluminum in at least two. But sustainability standards are now a part of Google’s hardware planning, Meegan said.
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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