Silicon Valley's 'Neoliberal Takeover Of The Human Body' To Supercharge Spending
* Stories are summarized by an A.I.
* Companies mentioned: AMZN, Air China, Huawei, Empath, GOOG, TWTR, ATVI, DB, Forever 21, and WMT
Silicon Valley's 'Neoliberal Takeover Of The Human Body' To Supercharge Spending
AMZN (Amazon.com Inc.) | Zero Hedge
Thanks to advances in biometric payment technologies and ultra-slick payment systems, Silicon Valley has made it incredibly convenient to shop, pay for, and consume just about anything; and it's about to get easier, according to MarketWatch's Quentin Fottrell. In the last decade, we've gone from physical credit cards to biometric mobile wallets - allowing people to store payment data in smartphones, watches, smart glasses and other devices. Frictionless payments translate to more spendingA University of Illinois study found that people's purchases increased by almost 25% when mobile payment systems were used. Researchers found that the use of a mobile wallet boosted spending by 2.4% over those who don't use them. Meanwhile, Chicago-based Consumer Intelligence Research found in a survey of 2,000 American customers that Amazon Echo smart speaker users spent 66% more on average with the online retailer than other consumers.
Read More
Air China has no plans to take over Cathay Pacific – media report
601111 (Air China Ltd) | Financial Post
Air China Ltd has no plans to take over Hong Kong’s Cathay Pacific Airways Ltd , an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper. Air China is Cathay’s second-largest shareholder, behind manager Swire Pacific Ltd with a 45% stake. Some analysts have said it would be logical for Air China to take over the remainder of Cathay in the future. However, Hui told the South China Morning Post that any Beijing-led moves that changed Cathay Pacific’s ownership would send a wrong signal to foreign investors. Air China could not be reached immediately for comment.
Read More
Huawei heats up the battle for internet in Canada's north
002502 (Huawei Technology Company Ltd) | BBC
Huawei says it wants to bring high-speed internet to Canada's north. According to the Canadian government, about 5.4 million people, or 15% of the population, don't have high-speed internet - and most of them live in the north or in remote, rural areas. The Huawei SolutionWhile some companies may see the north as a headache, others - like Huawei, a digital infrastructure provider with close ties to China's government - see it as an opportunity. Floating just 2,000km above the planet, low-Earth orbit satellites provide much faster internet than older-technology satellites, like the one Huawei will use in the north. With almost everyone in developed cities connected to the internet, rural communities and communities in developing nations are some of the last untapped markets for internet providers.
Read More
Empath's AI detects emotion from your voice
Empath | Venture Beat
A relatively new entrant in the emotion detection segment is Empath, a Toyko-based startup founded in 2017. Using algorithms trained on tens of thousands of voice samples by Japanese health tech Smartmedical Corp., its staff of roughly 20 people pioneered a platform dubbed Emotion AI. (Team managers see both individual employees’ moods and aggregated team moods). More straightforwardly, Empath’s Web Empath API — which works across Windows, iOS, Android — adds emotion detection to existing apps and services. To this end, Empath recently partnered with toy company Bocco to create a sentiment-detecting messaging animatronic aimed at children, and with Utaka to produce a lamp that cycles through hues corresponding with emotions.
Read More
Russia Claims Facebook And Google Violated Law By Displaying Political Ads On Election Day
GOOG (Alphabet Inc.) | Tech Times
The country accused of manipulating the last U.S. Presidential election has claimed that two of the biggest tech companies in the United States have violated its election ad laws. Russia now says tech companies have exacerbated the situation. Facebook And Google Allegedly Violated Russia's Election LawsRussia's communications regulator Roskomnadzor accused Google and Facebook of distributing political ads during regional elections day despite an ad ban during the vote and the day before that. Roskomnadzor officials reportedly warned the two companies on Sept. 6 but Facebook and Google continued displaying political ads.
Read More
Jack Dorsey Says No To Square’s Version Of Crypto
TWTR (Twitter Inc.) | PYMNTS
There are no plans for Twitter to create its own digital currency similar to Facebook’s Libra. Founder Jack Dorsey said in an interview he has no interest in developing a cryptocurrency for either Twitter or Square, according to The Sydney Morning Herald. Last month, it was reported that some early supporters of Libra have been spooked by the intense regulatory scrutiny both national and worldwide, and now want to distance themselves from the project. The Libra Association, a coalition of 28 members put together by Facebook to help bring the cryptocurrency to fruition, includes Visa, Mastercard, Uber, the subsidiary Calibra and Spotify, among others. The members all made a non-binding promise to invest at least $10 million, and three anonymous members recently said they wanted to back out of the venture.
Read More
Activision Blizzard: WoW Classic Launch Revitalizes A Declining Franchise And Share Price
ATVI (Activision Blizzard Inc) | Seeking Alpha
Activision Blizzard's (ATVI) World of Warcraft Classic launch has the potential to add more than 9 figures in revenues for a declining franchise. Considering ATVI's overall yearly ARPU stands at an estimate of only $23.11, the WoW launch certainly provides a much-needed boost to ATVI's bottom line. Furthermore, the expansions do not really contribute in terms of subscription revenues, aside from a one-time spike in subscribers after release. At the pinnacle of its launch, WoW Classic had players queue up for hours on end to complete quest objectives, or kill monsters that ironically, infinitely spawn. Unlike WoW, ATVI's Diablo franchise just isn't as effective at improving the company's bottom line.
Read More
US Congress Discovers Alleged Flaws In Deutsche Bank Controls
DB (Deutsche Bank AG) | PYMNTS
U.S. congressional investigators have found possible failures in Deutsche Bank AG’s money laundering controls. Sources familiar with the matter told Reuters that Deutsche Bank handed over numerous transaction records, emails and other documents, and investigators discovered instances in which staff noted concerns about new and existing Russian clients — only to be ignored by managers. A Deutsche Bank spokesman, Troy Gravitt, said the bank cannot comment on the ongoing probe, but it remains committed to cooperating with the congressional investigators. “The bank decided to go for becoming a global investment bank,” he said. As Trump’s biggest lender, Deutsche Bank is also a part of that inquiry and submitted documents to investigators after receiving a subpoena.
Read More
Forever 21 'paying a big price' for its retail mistakes
Forever 21 | AOL
Forever 21 is reportedly preparing a bankruptcy filing. But what’s less obvious is why some retailers have managed to survive the retail apocalypse, while others haven’t. While 75,000 retail stores are expected to close shop by 2026 according to UBS, a separate report from research and advisory firm IHL Group found that more chains are opening new locations than closing them. Forever 21 is not alone. Several retailers haven’t exactly had a crystal ball in the Amazon age and have ended up filing for bankruptcy in recent years.
Read More
The world wastes tons of food. A grocery ‘happy hour’ is one answer.
WMT (Walmart Inc.) | The Seattle Times
“I’ve gotten quite hooked on this,” said Kasimir Karkkainen, 27, who works in a hardware store, as he browsed the meat section in the Vallila S-market. And to harvest and transport all that wasted food requires billions of acres of arable land, trillions of gallons of water and vast amounts of fossil fuels. For consumers, cutting back on food waste is one of the few personal habits that can help the planet. AdvertisingSome of the most promising food waste efforts are apps that connect food sellers to food buyers. REMA 1000 and Juul recognize that there is a limit to how much one company can do to reduce waste.
Read More
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* Companies mentioned: AMZN, Air China, Huawei, Empath, GOOG, TWTR, ATVI, DB, Forever 21, and WMT
Silicon Valley's 'Neoliberal Takeover Of The Human Body' To Supercharge Spending
AMZN (Amazon.com Inc.) | Zero Hedge
Thanks to advances in biometric payment technologies and ultra-slick payment systems, Silicon Valley has made it incredibly convenient to shop, pay for, and consume just about anything; and it's about to get easier, according to MarketWatch's Quentin Fottrell. In the last decade, we've gone from physical credit cards to biometric mobile wallets - allowing people to store payment data in smartphones, watches, smart glasses and other devices. Frictionless payments translate to more spendingA University of Illinois study found that people's purchases increased by almost 25% when mobile payment systems were used. Researchers found that the use of a mobile wallet boosted spending by 2.4% over those who don't use them. Meanwhile, Chicago-based Consumer Intelligence Research found in a survey of 2,000 American customers that Amazon Echo smart speaker users spent 66% more on average with the online retailer than other consumers.
Read More
Air China has no plans to take over Cathay Pacific – media report
601111 (Air China Ltd) | Financial Post
Air China Ltd has no plans to take over Hong Kong’s Cathay Pacific Airways Ltd , an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper. Air China is Cathay’s second-largest shareholder, behind manager Swire Pacific Ltd with a 45% stake. Some analysts have said it would be logical for Air China to take over the remainder of Cathay in the future. However, Hui told the South China Morning Post that any Beijing-led moves that changed Cathay Pacific’s ownership would send a wrong signal to foreign investors. Air China could not be reached immediately for comment.
Read More
Huawei heats up the battle for internet in Canada's north
002502 (Huawei Technology Company Ltd) | BBC
Huawei says it wants to bring high-speed internet to Canada's north. According to the Canadian government, about 5.4 million people, or 15% of the population, don't have high-speed internet - and most of them live in the north or in remote, rural areas. The Huawei SolutionWhile some companies may see the north as a headache, others - like Huawei, a digital infrastructure provider with close ties to China's government - see it as an opportunity. Floating just 2,000km above the planet, low-Earth orbit satellites provide much faster internet than older-technology satellites, like the one Huawei will use in the north. With almost everyone in developed cities connected to the internet, rural communities and communities in developing nations are some of the last untapped markets for internet providers.
Read More
Empath's AI detects emotion from your voice
Empath | Venture Beat
A relatively new entrant in the emotion detection segment is Empath, a Toyko-based startup founded in 2017. Using algorithms trained on tens of thousands of voice samples by Japanese health tech Smartmedical Corp., its staff of roughly 20 people pioneered a platform dubbed Emotion AI. (Team managers see both individual employees’ moods and aggregated team moods). More straightforwardly, Empath’s Web Empath API — which works across Windows, iOS, Android — adds emotion detection to existing apps and services. To this end, Empath recently partnered with toy company Bocco to create a sentiment-detecting messaging animatronic aimed at children, and with Utaka to produce a lamp that cycles through hues corresponding with emotions.
Read More
Russia Claims Facebook And Google Violated Law By Displaying Political Ads On Election Day
GOOG (Alphabet Inc.) | Tech Times
The country accused of manipulating the last U.S. Presidential election has claimed that two of the biggest tech companies in the United States have violated its election ad laws. Russia now says tech companies have exacerbated the situation. Facebook And Google Allegedly Violated Russia's Election LawsRussia's communications regulator Roskomnadzor accused Google and Facebook of distributing political ads during regional elections day despite an ad ban during the vote and the day before that. Roskomnadzor officials reportedly warned the two companies on Sept. 6 but Facebook and Google continued displaying political ads.
Read More
Jack Dorsey Says No To Square’s Version Of Crypto
TWTR (Twitter Inc.) | PYMNTS
There are no plans for Twitter to create its own digital currency similar to Facebook’s Libra. Founder Jack Dorsey said in an interview he has no interest in developing a cryptocurrency for either Twitter or Square, according to The Sydney Morning Herald. Last month, it was reported that some early supporters of Libra have been spooked by the intense regulatory scrutiny both national and worldwide, and now want to distance themselves from the project. The Libra Association, a coalition of 28 members put together by Facebook to help bring the cryptocurrency to fruition, includes Visa, Mastercard, Uber, the subsidiary Calibra and Spotify, among others. The members all made a non-binding promise to invest at least $10 million, and three anonymous members recently said they wanted to back out of the venture.
Read More
Activision Blizzard: WoW Classic Launch Revitalizes A Declining Franchise And Share Price
ATVI (Activision Blizzard Inc) | Seeking Alpha
Activision Blizzard's (ATVI) World of Warcraft Classic launch has the potential to add more than 9 figures in revenues for a declining franchise. Considering ATVI's overall yearly ARPU stands at an estimate of only $23.11, the WoW launch certainly provides a much-needed boost to ATVI's bottom line. Furthermore, the expansions do not really contribute in terms of subscription revenues, aside from a one-time spike in subscribers after release. At the pinnacle of its launch, WoW Classic had players queue up for hours on end to complete quest objectives, or kill monsters that ironically, infinitely spawn. Unlike WoW, ATVI's Diablo franchise just isn't as effective at improving the company's bottom line.
Read More
US Congress Discovers Alleged Flaws In Deutsche Bank Controls
DB (Deutsche Bank AG) | PYMNTS
U.S. congressional investigators have found possible failures in Deutsche Bank AG’s money laundering controls. Sources familiar with the matter told Reuters that Deutsche Bank handed over numerous transaction records, emails and other documents, and investigators discovered instances in which staff noted concerns about new and existing Russian clients — only to be ignored by managers. A Deutsche Bank spokesman, Troy Gravitt, said the bank cannot comment on the ongoing probe, but it remains committed to cooperating with the congressional investigators. “The bank decided to go for becoming a global investment bank,” he said. As Trump’s biggest lender, Deutsche Bank is also a part of that inquiry and submitted documents to investigators after receiving a subpoena.
Read More
Forever 21 'paying a big price' for its retail mistakes
Forever 21 | AOL
Forever 21 is reportedly preparing a bankruptcy filing. But what’s less obvious is why some retailers have managed to survive the retail apocalypse, while others haven’t. While 75,000 retail stores are expected to close shop by 2026 according to UBS, a separate report from research and advisory firm IHL Group found that more chains are opening new locations than closing them. Forever 21 is not alone. Several retailers haven’t exactly had a crystal ball in the Amazon age and have ended up filing for bankruptcy in recent years.
Read More
The world wastes tons of food. A grocery ‘happy hour’ is one answer.
WMT (Walmart Inc.) | The Seattle Times
“I’ve gotten quite hooked on this,” said Kasimir Karkkainen, 27, who works in a hardware store, as he browsed the meat section in the Vallila S-market. And to harvest and transport all that wasted food requires billions of acres of arable land, trillions of gallons of water and vast amounts of fossil fuels. For consumers, cutting back on food waste is one of the few personal habits that can help the planet. AdvertisingSome of the most promising food waste efforts are apps that connect food sellers to food buyers. REMA 1000 and Juul recognize that there is a limit to how much one company can do to reduce waste.
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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