UPS buys stake in TuSimple after using its autonomous trucks
* Stories are summarized by an A.I.
* Stocks or companies mentioned: UPS, We Company, SPOT, F, TGT, Cathay Pacific Airways Ltd, BABA, GOOG, and ABBV
UPS buys stake in TuSimple after using its autonomous trucks
UPS (United Parcel Service Inc.) | Auto Blog
DETROIT — UPS said on Thursday it has bought a minority stake in self-driving company TuSimple, and the world's largest package delivery company has been testing the startup's autonomous trucks since May on a busy freight route in Arizona. It could take years to test and develop self-driving vehicles and for the government to build out a regulatory framework. The trucks run around the clock, with the self-driving trucks delivering freight within UPS' system. Experts says self-driving trucks are an easier proposition than robotaxis. Self-driving trucks run consistently on predictable highway routes - in UPS' case carrying large numbers of revenue-generating packages or goods - around the clock, including in the early hours of the morning when driving conditions are ideal.
Read More
U.S. IPO Weekly Recap: The We Company Leads The Way As The Pipeline Fills Up In A 2-IPO Week
We Company | Seeking Alpha
The IPO pipeline is starting to fill up, with seven companies submitting initial filings led by The We Company. Kansas bank CrossFirst Bankshares (CFB) priced its $102 million IPO at $14.50, below the range. The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 8/15/19, the Renaissance IPO Index was up 29.5% year-to-date, while the S&P 500 had a gain of 13.6%. Renaissance Capital's IPO ETF (NYSEARCA:IPO) tracks the index, and top ETF holdings include Spotify (NYSE:SPOT) and Elanco (NYSE:ELAN).
Read More
Spotify's Unique Podcaster Tools Are a Big Competitive Advantage
SPOT (Spotify Technology S.A.) | The Motley Fool
Spotify (NYSE:SPOT) opened its Spotify for Podcasters dashboard to everyone earlier this week, providing podcasters with access to loads of data and analytics. That kind of data isn't available on any other platform, including Apple's (NASDAQ: AAPL) Podcast app, which still accounts for the majority of podcast listening. For now, Spotify for Podcasters offers creators the tools necessary to sell ads more effectively and create more content their audiences will love. Growing both sides of the equationSpotify says podcast listening increased 50% sequentially in the second quarter, and it's nearly doubled since the start of the year. Management has pointed out that podcast listening isn't replacing music listening, it's only increasing engagement.
Read More
The distant, but inevitable future of autonomous vehicles
F (Ford Motor Company) | Quartz
We were promised self-driving cars, but what we got were delays. In 2016, Tesla CEO Elon Musk promised drivers a car that could drive “hands-free” from New York to Los Angeles within a year. That same year, Carlos Ghosn, the former executive leading Renault, Nissan, and Mitsubishi Motors, promised self-driving cars by the end of the decade. Lyft co-founder John Zimmer predicted most Lyft rides would be AVs as early as 2021 and private car ownership would be phased out of major US cities. Legacy automakers are racing to transform themselves from metal benders to suppliers of mobility “services” as the world begins to shift away from personal car ownership.
Read More
Huawei to get 90-day extension, company’s fate remains in limbo
002502 (Huawei Technology Company Ltd) | Slash Gear
Huawei was initially granted a 90-day exception to purchase some, but not all, American products it needs to maintain its business, including Google’s Android software, but that time will end August 19. Sources, however, claim that Huawei will be granted another temporary general license for yet another 90 days. US President Trump has practically admitted to using Huawei as a bargaining chip in the US’ trade war with China. On the mobile side alone, it has yet to present either a suitable Android fork or a convincing Android replacement. Either way, it will still be a very rocky 90 days if the extension ever gets granted on Monday.
Read More
Target Earnings: What to Watch
TGT (Target Corporation) | The Motley Fool
Target isn't alone in posting strong sales these days, with Walmart seeking record gains, too. Sales gains landed at 4.8% in the fiscal first quarter, compared with Walmart's 3.4% uptick. That metric jumped 4.3% last quarter, meaning it accounted for almost all of the retailer's sales gains. Still, there are major risks that threaten its earnings power, including aggressive competitive responses to its market share gains and rising prices from the U.S. trade war with China. But a solid second quarter would put Target in an ideal position to capitalize on broader industry strength and its own successful growth initiatives.
Read More
Cathay Pacific shares in choppy trade after shock exit of CEO Hogg
Cathay Pacific Airways Ltd | Financial Post
HONG KONG/SINGAPORE — Cathay Pacific shares were choppy in opening trade on Monday after the shock exit of CEO Rupert Hogg, as the airline grapples with mounting Chinese scrutiny over the involvement of some of its staff in anti-government protests in Hong Kong. Tang’s priority should be rebuilding the brand and restoring customer confidence in all markets, including Hong Kong, the mainland and overseas after the Chinese regulatory action and recent disruptions at Hong Kong airport, CAPA Centre for Aviation Chief Analyst Brendan Sobie said. “The carrier will likely see weaker demand if travelers boycott Cathay over the short term,” he said. Endau’s Yusof said in the longer term, 30% shareholder Air China could buy the remainder of Cathay, but there was no urgency because the Hong Kong carrier was in a state of flux. “That will only occur when the political climate is right.”
Read More
China e-commerce sites block sales of protest gear to Hong Kong
BABA (Alibaba Group Holding Limited) | Japan Times
Hong Kong demonstrators will need to look beyond mainland China for supplies of protest gear that’s defined the look of the movement. Hong Kong logistics companies said a list of “sensitive items” which include black T-shirts, banners, laser pens and facial masks will be detained at customs. Protests in Hong Kong have dragged on since early June, with the government warning of the damage to the economy and the city’s reputation. According to a notice on the website of Hong Kong logistics company Dailybuyco.com, customs has strengthened controls over imports and exports. The list, as defined by the customs, is constantly changing, the website said, without specifying if it was Hong Kong or China authorities.
Read More
Facial Recognition Technology: Here Are The Important Pros And Cons
GOOG (Alphabet Inc.) | Forbes
Since it’s here to stay and expanding, it’s good to be aware of the pros and cons of facial recognition. What is facial recognition, and how does it work? Pros of facial recognitionOne of the major advantages of facial recognition technology is safety and security. Since there is no contact required for facial recognition like there is with fingerprinting or other security measures, facial recognition offers a quick, automatic, and seamless verification experience. Cons of facial recognitionThe biggest drawback for facial recognition technology in most people's opinions is the threat to an individual's privacy.
Read More
AbbVie's FDA Approval For RINVOQ Sets Up First Phase Of Deployment Plan To Counter Humira Issue
ABBV (AbbVie Inc.) | Seeking Alpha
AbbVie (ABBV) announced that it had received FDA approval for updatacitinib to be marketed as RINVOQ. FDA Approval For A Drug With Blockbuster StatusThe FDA approving RINVOQ for rheumatoid arthritis will open a large market opportunity for AbbVie. The first move was the ability to gain FDA approval for RINVOQ in rheumatoid arthritis. AbbVie spent $63 billion or $188 per share in cash and stock to acquire BOTOX drug maker Allergan. ConclusionThe FDA approval of RINVOQ for rheumatoid arthritis is a big win for AbbVie.
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
* Stocks or companies mentioned: UPS, We Company, SPOT, F, TGT, Cathay Pacific Airways Ltd, BABA, GOOG, and ABBV
UPS buys stake in TuSimple after using its autonomous trucks
UPS (United Parcel Service Inc.) | Auto Blog
DETROIT — UPS said on Thursday it has bought a minority stake in self-driving company TuSimple, and the world's largest package delivery company has been testing the startup's autonomous trucks since May on a busy freight route in Arizona. It could take years to test and develop self-driving vehicles and for the government to build out a regulatory framework. The trucks run around the clock, with the self-driving trucks delivering freight within UPS' system. Experts says self-driving trucks are an easier proposition than robotaxis. Self-driving trucks run consistently on predictable highway routes - in UPS' case carrying large numbers of revenue-generating packages or goods - around the clock, including in the early hours of the morning when driving conditions are ideal.
Read More
U.S. IPO Weekly Recap: The We Company Leads The Way As The Pipeline Fills Up In A 2-IPO Week
We Company | Seeking Alpha
The IPO pipeline is starting to fill up, with seven companies submitting initial filings led by The We Company. Kansas bank CrossFirst Bankshares (CFB) priced its $102 million IPO at $14.50, below the range. The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 8/15/19, the Renaissance IPO Index was up 29.5% year-to-date, while the S&P 500 had a gain of 13.6%. Renaissance Capital's IPO ETF (NYSEARCA:IPO) tracks the index, and top ETF holdings include Spotify (NYSE:SPOT) and Elanco (NYSE:ELAN).
Read More
Spotify's Unique Podcaster Tools Are a Big Competitive Advantage
SPOT (Spotify Technology S.A.) | The Motley Fool
Spotify (NYSE:SPOT) opened its Spotify for Podcasters dashboard to everyone earlier this week, providing podcasters with access to loads of data and analytics. That kind of data isn't available on any other platform, including Apple's (NASDAQ: AAPL) Podcast app, which still accounts for the majority of podcast listening. For now, Spotify for Podcasters offers creators the tools necessary to sell ads more effectively and create more content their audiences will love. Growing both sides of the equationSpotify says podcast listening increased 50% sequentially in the second quarter, and it's nearly doubled since the start of the year. Management has pointed out that podcast listening isn't replacing music listening, it's only increasing engagement.
Read More
The distant, but inevitable future of autonomous vehicles
F (Ford Motor Company) | Quartz
We were promised self-driving cars, but what we got were delays. In 2016, Tesla CEO Elon Musk promised drivers a car that could drive “hands-free” from New York to Los Angeles within a year. That same year, Carlos Ghosn, the former executive leading Renault, Nissan, and Mitsubishi Motors, promised self-driving cars by the end of the decade. Lyft co-founder John Zimmer predicted most Lyft rides would be AVs as early as 2021 and private car ownership would be phased out of major US cities. Legacy automakers are racing to transform themselves from metal benders to suppliers of mobility “services” as the world begins to shift away from personal car ownership.
Read More
Huawei to get 90-day extension, company’s fate remains in limbo
002502 (Huawei Technology Company Ltd) | Slash Gear
Huawei was initially granted a 90-day exception to purchase some, but not all, American products it needs to maintain its business, including Google’s Android software, but that time will end August 19. Sources, however, claim that Huawei will be granted another temporary general license for yet another 90 days. US President Trump has practically admitted to using Huawei as a bargaining chip in the US’ trade war with China. On the mobile side alone, it has yet to present either a suitable Android fork or a convincing Android replacement. Either way, it will still be a very rocky 90 days if the extension ever gets granted on Monday.
Read More
Target Earnings: What to Watch
TGT (Target Corporation) | The Motley Fool
Target isn't alone in posting strong sales these days, with Walmart seeking record gains, too. Sales gains landed at 4.8% in the fiscal first quarter, compared with Walmart's 3.4% uptick. That metric jumped 4.3% last quarter, meaning it accounted for almost all of the retailer's sales gains. Still, there are major risks that threaten its earnings power, including aggressive competitive responses to its market share gains and rising prices from the U.S. trade war with China. But a solid second quarter would put Target in an ideal position to capitalize on broader industry strength and its own successful growth initiatives.
Read More
Cathay Pacific shares in choppy trade after shock exit of CEO Hogg
Cathay Pacific Airways Ltd | Financial Post
HONG KONG/SINGAPORE — Cathay Pacific shares were choppy in opening trade on Monday after the shock exit of CEO Rupert Hogg, as the airline grapples with mounting Chinese scrutiny over the involvement of some of its staff in anti-government protests in Hong Kong. Tang’s priority should be rebuilding the brand and restoring customer confidence in all markets, including Hong Kong, the mainland and overseas after the Chinese regulatory action and recent disruptions at Hong Kong airport, CAPA Centre for Aviation Chief Analyst Brendan Sobie said. “The carrier will likely see weaker demand if travelers boycott Cathay over the short term,” he said. Endau’s Yusof said in the longer term, 30% shareholder Air China could buy the remainder of Cathay, but there was no urgency because the Hong Kong carrier was in a state of flux. “That will only occur when the political climate is right.”
Read More
China e-commerce sites block sales of protest gear to Hong Kong
BABA (Alibaba Group Holding Limited) | Japan Times
Hong Kong demonstrators will need to look beyond mainland China for supplies of protest gear that’s defined the look of the movement. Hong Kong logistics companies said a list of “sensitive items” which include black T-shirts, banners, laser pens and facial masks will be detained at customs. Protests in Hong Kong have dragged on since early June, with the government warning of the damage to the economy and the city’s reputation. According to a notice on the website of Hong Kong logistics company Dailybuyco.com, customs has strengthened controls over imports and exports. The list, as defined by the customs, is constantly changing, the website said, without specifying if it was Hong Kong or China authorities.
Read More
Facial Recognition Technology: Here Are The Important Pros And Cons
GOOG (Alphabet Inc.) | Forbes
Since it’s here to stay and expanding, it’s good to be aware of the pros and cons of facial recognition. What is facial recognition, and how does it work? Pros of facial recognitionOne of the major advantages of facial recognition technology is safety and security. Since there is no contact required for facial recognition like there is with fingerprinting or other security measures, facial recognition offers a quick, automatic, and seamless verification experience. Cons of facial recognitionThe biggest drawback for facial recognition technology in most people's opinions is the threat to an individual's privacy.
Read More
AbbVie's FDA Approval For RINVOQ Sets Up First Phase Of Deployment Plan To Counter Humira Issue
ABBV (AbbVie Inc.) | Seeking Alpha
AbbVie (ABBV) announced that it had received FDA approval for updatacitinib to be marketed as RINVOQ. FDA Approval For A Drug With Blockbuster StatusThe FDA approving RINVOQ for rheumatoid arthritis will open a large market opportunity for AbbVie. The first move was the ability to gain FDA approval for RINVOQ in rheumatoid arthritis. AbbVie spent $63 billion or $188 per share in cash and stock to acquire BOTOX drug maker Allergan. ConclusionThe FDA approval of RINVOQ for rheumatoid arthritis is a big win for AbbVie.
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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