US-China trade war not hurting diaper maker Kimberly-Clark, CEO says
* Stories are summarized by an A.I.
* Companies mentioned: KMB, PredictHQ, BABA, AMZN, Domo, GOOG, We Company, MSFT, KR, and WBK
US-China trade war not hurting diaper maker Kimberly-Clark, CEO says
KMB (Kimberly-Clark Corporation) | CNBC
Diapers, toilet paper and most of Kimberly-Clark's other products have become more expensive in the last year, but it's not because of the U.S.-China trade war, CEO Michael Hsu told CNBC on Thursday. "Generally, we haven't been that affected by [tariffs] because we mostly produce in our local markets for our local consumers," said Hsu, who took over as CEO in January. Kimberly-Clark's local production has benefited the company amid the trade war not only because the company eludes tariffs but also because in China it isn't solely seen as an American company, Hsu explained. The American consumer has generally withstood the global economic slowdown and the fallout from concerns that the U.S.-China trade war is worsening the situation. Kimberly-Clark would be especially affected by declines, but Hsu said he continues to see strength from consumers.
Read More
CORRECTED-Tech startups tout AI to airlines seeking revenue boost
PredictHQ | Reuters
* Rising costs, Sino-U.S. trade war drag on aviation profit * PredictHQ service lets airlines tailor pricing to events * Volantio helps customers rebook so carriers can maximise revenue By Jamie Freed SINGAPORE, Sept 3 (Reuters) - Technology startups are luring airlines with demand-forecasting tools powered by artificial intelligence (AI), promising to boost efficiency at a time of rising fuel costs and upheaval in trade relations that has clouded the aviation sector’s outlook.
Read More
Alibaba acquires NetEase Kaola in deal worth $2 billion
BABA (Alibaba Group Holding Limited) | Tech Crunch
Alibaba Group has acquired NetEase Kaola for $2 billion, the two companies said today, and will integrate it into Tmall, creating the largest cross-border e-commerce platform in China. (Earlier this year, NetEase was reportedly in talks to merge Kaola with Amazon China). Alibaba and Yunfeng, the investment firm launched by Alibaba founder Jack Ma, also agreed to invest $700 million into NetEase Cloud Music’s latest funding round. This will give Alibaba a minority stake in the streaming music service, with NetEase remaining its controlling shareholder. In a press release, NetEase CEO William Ding said “We are pleased to have found a strategic fit for Kaola within Alibaba’s extensive ecosystem, where Kaola will continue to provide Chinese consumers with high-quality import products and services.
Read More
Amazon's Expanding Fire TV to Take on Roku
AMZN (Amazon.com Inc.) | The Motley Fool
Amazon (NASDAQ:AMZN) already holds a small but widening lead over Roku (NASDAQ:ROKU) in the connected TV platform race. Its lead is due in large part to its broader global availability compared to Roku -- Roku is still more popular than Fire TV in the United States. So the e-commerce titan is introducing several new Fire TV products, including Fire TV Edition smart TVs, and it's also reportedly planning an expansion into several new European markets. A big focus on smart TVsAmazon is launching 15 new smart TV models with its manufacturing partners. Last fall, Amazon updated the Fire TV platform terms requiring ad-supported services to provide Amazon with 30% of their ad inventory.
Read More
Domo still can’t explain what it actually is, and the stock is getting killed
Domo Inc | Market Watch
The chief executive is turning away from promises made during the run-up to Domo’s IPO, and still struggles to actually describe the company’s business, even as he promises “to simplify our message.” Domo investors are paying the price: Worth $1 billion as recently as May, the company’s market cap is headed lower than $500 million after its outlook for the third quarter and the rest of the year fueled a 35% drop in its stock in after-hours trading Thursday afternoon.
Read More
Google Assistant features: Ambient Mode for smartphones and tablets
GOOG (Alphabet Inc) | BGR
Google is looking to make its virtual Assistant available on more and more devices, turning them in smart home gadgets that can be used to control home appliances, security systems, or deliver information. The company announced at IFA 2011 on Thursday that Google Assistant will be available on brand new Android smartphones and tablets, but also new speakers, soundbars, and TVs in the near future. Ambient Mode will show notifications and reminders, playlist controls, as well as support for managing smart home devices, directly on the lockscreen. The tablets will require docks for the functionality, while the phones can be turned into Ambient Mode displays when connected to a charger. It’s unclear when Ambient Mode will be available on other existing Android devices.
Read More
UPDATE 6-WeWork mulls slashing IPO valuation as skepticism rises over business model -sources
We Company | Reuters
WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) to a little over $20 billion, less than half the $47 billion valuation it achieved in a private fundraising round in January, people familiar with the matter said on Thursday.
Read More
Facebook and Microsoft launch contest to detect ‘deepfake’ videos ahead of U.S. election
MSFT (Microsoft Corporation) | The Japan Times
Facebook Inc. is teaming up with Microsoft Corp., the Partnership on AI coalition and academics from several universities to launch a contest to better detect deepfakes, the company said in a blog post ai.facebook.com/blog/deepfake-detection-challenge on Thursday. The social media giant is putting $10 million into the “Deepfake Detection Challenge,” which aims to spur detection research. As part of the project, Facebook is commissioning researchers to produce realistic deepfakes to create a data set for testing detection tools. But the rapid evolution of deepfake technology has created an arms race between deepfake creators and those trying to detect videos. The “Deepfake Detection Challenge” is not the first time that Facebook, which does not currently have a specific policy regarding deepfake videos, has funded academic research into the threat.
Read More
Kroger announces its answer to Beyond and Impossible burgers
K (Kellogg Company) | CNET
Kroger, the largest grocery store chain in the U.S., announced that its own plant-based "beef" burger will be on the shelves of its nearly 2,800 stores this fall. Kroger"It's really the trust of the Simple Truth brand that's going to cut through," says Gil Phipps, vice president of branding and marketing at Kroger. "A lot of the success of the Simple Truth brand has been making quality, natural foods accessible and affordable." Even at a stout premium, plant-based burgers are the hottest quick-serve restaurant trend of 2019. That reflects a 10% growth rate at time when the beef burger sector was flat, though nearly 30 times larger.
Read More
Australia's Westpac hit by class action lawsuit
WBK (Westpac Banking Corporation) | Reuters
Westpac Banking Corp (WBC.AX) said on Friday it would defend itself against a class action lawsuit filed against its life insurance and pension units. The lawsuit relates to Westpac subsidiaries BT Funds Management Ltd and Westpac Life Insurance Services Ltd. Slater and Gordon last year filed two lawsuits against the pension units of the country’s biggest lender Commonwealth Bank of Australia (CBA.AX) and wealth manager AMP Ltd (AMP.AX).
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
* Companies mentioned: KMB, PredictHQ, BABA, AMZN, Domo, GOOG, We Company, MSFT, KR, and WBK
US-China trade war not hurting diaper maker Kimberly-Clark, CEO says
KMB (Kimberly-Clark Corporation) | CNBC
Diapers, toilet paper and most of Kimberly-Clark's other products have become more expensive in the last year, but it's not because of the U.S.-China trade war, CEO Michael Hsu told CNBC on Thursday. "Generally, we haven't been that affected by [tariffs] because we mostly produce in our local markets for our local consumers," said Hsu, who took over as CEO in January. Kimberly-Clark's local production has benefited the company amid the trade war not only because the company eludes tariffs but also because in China it isn't solely seen as an American company, Hsu explained. The American consumer has generally withstood the global economic slowdown and the fallout from concerns that the U.S.-China trade war is worsening the situation. Kimberly-Clark would be especially affected by declines, but Hsu said he continues to see strength from consumers.
Read More
CORRECTED-Tech startups tout AI to airlines seeking revenue boost
PredictHQ | Reuters
* Rising costs, Sino-U.S. trade war drag on aviation profit * PredictHQ service lets airlines tailor pricing to events * Volantio helps customers rebook so carriers can maximise revenue By Jamie Freed SINGAPORE, Sept 3 (Reuters) - Technology startups are luring airlines with demand-forecasting tools powered by artificial intelligence (AI), promising to boost efficiency at a time of rising fuel costs and upheaval in trade relations that has clouded the aviation sector’s outlook.
Read More
Alibaba acquires NetEase Kaola in deal worth $2 billion
BABA (Alibaba Group Holding Limited) | Tech Crunch
Alibaba Group has acquired NetEase Kaola for $2 billion, the two companies said today, and will integrate it into Tmall, creating the largest cross-border e-commerce platform in China. (Earlier this year, NetEase was reportedly in talks to merge Kaola with Amazon China). Alibaba and Yunfeng, the investment firm launched by Alibaba founder Jack Ma, also agreed to invest $700 million into NetEase Cloud Music’s latest funding round. This will give Alibaba a minority stake in the streaming music service, with NetEase remaining its controlling shareholder. In a press release, NetEase CEO William Ding said “We are pleased to have found a strategic fit for Kaola within Alibaba’s extensive ecosystem, where Kaola will continue to provide Chinese consumers with high-quality import products and services.
Read More
Amazon's Expanding Fire TV to Take on Roku
AMZN (Amazon.com Inc.) | The Motley Fool
Amazon (NASDAQ:AMZN) already holds a small but widening lead over Roku (NASDAQ:ROKU) in the connected TV platform race. Its lead is due in large part to its broader global availability compared to Roku -- Roku is still more popular than Fire TV in the United States. So the e-commerce titan is introducing several new Fire TV products, including Fire TV Edition smart TVs, and it's also reportedly planning an expansion into several new European markets. A big focus on smart TVsAmazon is launching 15 new smart TV models with its manufacturing partners. Last fall, Amazon updated the Fire TV platform terms requiring ad-supported services to provide Amazon with 30% of their ad inventory.
Read More
Domo still can’t explain what it actually is, and the stock is getting killed
Domo Inc | Market Watch
The chief executive is turning away from promises made during the run-up to Domo’s IPO, and still struggles to actually describe the company’s business, even as he promises “to simplify our message.” Domo investors are paying the price: Worth $1 billion as recently as May, the company’s market cap is headed lower than $500 million after its outlook for the third quarter and the rest of the year fueled a 35% drop in its stock in after-hours trading Thursday afternoon.
Read More
Google Assistant features: Ambient Mode for smartphones and tablets
GOOG (Alphabet Inc) | BGR
Google is looking to make its virtual Assistant available on more and more devices, turning them in smart home gadgets that can be used to control home appliances, security systems, or deliver information. The company announced at IFA 2011 on Thursday that Google Assistant will be available on brand new Android smartphones and tablets, but also new speakers, soundbars, and TVs in the near future. Ambient Mode will show notifications and reminders, playlist controls, as well as support for managing smart home devices, directly on the lockscreen. The tablets will require docks for the functionality, while the phones can be turned into Ambient Mode displays when connected to a charger. It’s unclear when Ambient Mode will be available on other existing Android devices.
Read More
UPDATE 6-WeWork mulls slashing IPO valuation as skepticism rises over business model -sources
We Company | Reuters
WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) to a little over $20 billion, less than half the $47 billion valuation it achieved in a private fundraising round in January, people familiar with the matter said on Thursday.
Read More
Facebook and Microsoft launch contest to detect ‘deepfake’ videos ahead of U.S. election
MSFT (Microsoft Corporation) | The Japan Times
Facebook Inc. is teaming up with Microsoft Corp., the Partnership on AI coalition and academics from several universities to launch a contest to better detect deepfakes, the company said in a blog post ai.facebook.com/blog/deepfake-detection-challenge on Thursday. The social media giant is putting $10 million into the “Deepfake Detection Challenge,” which aims to spur detection research. As part of the project, Facebook is commissioning researchers to produce realistic deepfakes to create a data set for testing detection tools. But the rapid evolution of deepfake technology has created an arms race between deepfake creators and those trying to detect videos. The “Deepfake Detection Challenge” is not the first time that Facebook, which does not currently have a specific policy regarding deepfake videos, has funded academic research into the threat.
Read More
Kroger announces its answer to Beyond and Impossible burgers
K (Kellogg Company) | CNET
Kroger, the largest grocery store chain in the U.S., announced that its own plant-based "beef" burger will be on the shelves of its nearly 2,800 stores this fall. Kroger"It's really the trust of the Simple Truth brand that's going to cut through," says Gil Phipps, vice president of branding and marketing at Kroger. "A lot of the success of the Simple Truth brand has been making quality, natural foods accessible and affordable." Even at a stout premium, plant-based burgers are the hottest quick-serve restaurant trend of 2019. That reflects a 10% growth rate at time when the beef burger sector was flat, though nearly 30 times larger.
Read More
Australia's Westpac hit by class action lawsuit
WBK (Westpac Banking Corporation) | Reuters
Westpac Banking Corp (WBC.AX) said on Friday it would defend itself against a class action lawsuit filed against its life insurance and pension units. The lawsuit relates to Westpac subsidiaries BT Funds Management Ltd and Westpac Life Insurance Services Ltd. Slater and Gordon last year filed two lawsuits against the pension units of the country’s biggest lender Commonwealth Bank of Australia (CBA.AX) and wealth manager AMP Ltd (AMP.AX).
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
Comments
Post a Comment