Wall Street banks are upping bets on their potential fintech competitors
* Stories are summarized by an A.I.
* Companies mentioned: SQ, ORCL, CRM, We Company, IBM, APRN, JPM, MELI, PYPL, and XOM
Wall Street banks are upping bets on their potential fintech competitors
SQ (Square Inc. Class A) | CNBC
The biggest banks on Wall Street are increasingly betting on their potential competition. The equity investments are a way to "future proof," according to CB Insights. These so-called 'acqui-hires' included Clarity Money, Final, Bond Street and brought in more than 60 consumer fintech-focused employees, according to CB Insights. "Acquiring digital talent has been a top priority for all banks as they strive to become more tech oriented," CB Insights said. J.P. Morgan is developing a "new fintech campus" for more than 1,000 employees in Palo Alto, California.
Read More
Oracle Unleashes World's Fastest Database Machine
ORCL (Oracle Corporation) | PR Newswire
Oracle Exadata Database Machine X8M, available today, sets a new bar and changes the dynamics of the database infrastructure market. "Any and all customers who want to improve their Oracle Database performance need to immediately evaluate this new offering. Compared to Azure SQL Database Service storage, Exadata X8M delivers 100X lower latency, 150X more IOPS, and 300X more capacity. Based on technology from Oracle Autonomous Database, the entire process is automatic and improves database performance while eliminating manual tuning. The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database.
Read More
Salesforce launches manufacturing, consumer goods cloud platforms
CRM (Salesforce.com Inc) | Tech Radar
As part of its ongoing efforts to take on SAP and Oracle, Salesforce has launched clouds for manufacturing and consumer product goods (CPG) companies. Now Salesforce is trying to tackle specific pain points for a number of industries starting with manufacturing and consumer product goods. Salesforce's Manufacturing Cloud is designed to give organizations a unified view of market and customer demand to help them better forecast business. Consumer Goods CloudSalesforce's Consumer Goods Cloud will take a similar approach to its Manufacturing Cloud by using sales data and technology for field reps to help optimize product sales at brick and mortar stores. Salesforce Manufacturing Cloud and Consumer Goods Cloud will be available in mid October with Einstein availability coming to the Consumer Goods Cloud in February 2020.
Read More
WeWait: WeWork IPO To Be Delayed Until October "At Earliest" As Roadshow Halted
We Company | Zero Hedge
What is more surprising is that according to various press reports, WeWork's IPO roadshow was supposed to begin as soon as today ahead of a trading debut next week. It now appears that is not happening and the most likely explanation is that after some preliminary canvassing of investor interest, there was none. What this means is that as of today, WeWork is "likely to shelve the offering until at least next month, according to people familiar with the matter." Reading between the lines, it means that the IPO is effectively over - after all what will change in the next 2 weeks? Actually there is one thing that may salvage this IPO: Adam Neumann, the company's CEO, who is suddenly at least 3.6 roentgens radioactive, may depart.
Read More
IBM CEO Sees Amazon and Microsoft as Cloud Allies, Not Rivals
IBM (International Business Machines Corporation) | Data Centre Knowledge
In IBM’s vision of cloud computing, Amazon.com Inc. and Microsoft Corp. will be allies rather than rivals. Chief Executive Officer Ginni Rometty is betting on the hybrid cloud, which lets IBM offer services on corporate customers’ cloud-based servers as well as on third-party clouds operated by the likes of Amazon and Microsoft. “This company has had to be reinvented many times,” Rometty said in an interview on Bloomberg Television’s CEO Spotlight show. In the interview with BTV, Rometty said Red Hat would continue to operate as a separate and distinct business unit within IBM. “You have competition and cooperation -- and in this case Red Hat is a platform that goes across all of them.”
Read More
Blue Apron Vs. Home Chef
APRN (Blue Apron Holdings Inc. Class A) | Digital Trends
Two of the most popular options in the United States today are Blue Apron and Home Chef. Blue Apron doesn’t do any add-ons for desserts or side dishes. Diet OptionsBoth Blue Apron and Home Chef are very limited when it comes to strict dietary guidelines. That being said, Home Chef generally offers more direct diet customization options than Blue Apron. Packaging and ShippingBlue Apron and Home Chef ship across the continental United States (Blue Apron even offers some on-demand shipping).
Read More
3 From JPMorgan Accused in Scheme to Game Precious Metals Market
JPM (JP Morgan Chase & Co.) | The New York Times
Federal prosecutors accused a JPMorgan Chase executive and two of his colleagues on Monday of manipulating commodities markets for nearly a decade, operating a “massive, multiyear scheme” that the Justice Department said was tantamount to a sprawling criminal enterprise.Michael Nowak, the head of precious metals trading at JPMorgan and a bank managing director, and two others, Gregg Smith and Christopher Jordan, were accused of placing fake orders to buy and sell futures contracts — a practice called spoofing — to manipulate prices.
Read More
The Continued Rise of MercadoLibre
MELI (MercadoLibre Inc.) | The Motley Fool
Of all South America's success stories, few have been more impressive than that of MercadoLibre (NASDAQ:MELI). The largest e-commerce platform on the continent, MercadoLibre boasts more than 180 million active users across key Latin American markets, including Brazil, Mexico, and Argentina. MercadoLibre -- Spanish for "free market" -- was founded in 1999 by Marcos Galperin, a Stanford-educated Argentine, as an online marketplace dedicated to online sales and auctions. With its triple offering of e-commerce, online auctioning, and digital payments, MercadoLibre has been described as Latin America's answer to PayPal, Amazon, and eBay, all rolled into one. The IPO was something of a record: MercadoLibre was in fact the first South American tech company to be listed on the Nasdaq exchange.
Read More
PayPal is Cautiously Optimistic About Partnership with Libra Association
PYPL (PayPal Holdings Inc.) | Crypto Globe
Payment platform PayPal is cautiously optimistic about its relationship with Facebook’s digital currency libra, despite being the highest-profile company to join the Libra Association. In June, shortly after the official unveiling of Facebook’s libra, PayPal announced an intention to join and support the Libra Association, a collection of tech and finance companies promoting the product. However, PayPal appears cautious about its future with Facebook’s digital currency. PayPal investor relations vice president Gabrielle Rabinovitch reiterated Sept. 12 that the company is a non-binding agreement with libra,It's a non-binding commitment. While PayPal appears optimistic about the future of libra, the digital currency has endured months of regulatory and political scrutiny concerning its release.
Read More
These are the biggest Dow winners and losers after oil spikes
XOM (Exxon Mobil Corporation) | CNBC
Drone Saudi Arabian oil facilities over the weekend forced the kingdom to cut its oil output in half. Consumer staples giant Procter & Gamble has been the worst performing Dow stock after oil jumps, averaging a 0.81% dip the week after oil rises. Fast-food company McDonald's also has been a weak performer, losing 0.42% a week after oil spikes. The Dow averages a 0.34% return and the S&P 500 averages a 0.53% return after U.S. oil rises 5% or more in a single day. The 10-year-Treasury note typically falls the week after oil rises, data shows.
Read More
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* Companies mentioned: SQ, ORCL, CRM, We Company, IBM, APRN, JPM, MELI, PYPL, and XOM
Wall Street banks are upping bets on their potential fintech competitors
SQ (Square Inc. Class A) | CNBC
The biggest banks on Wall Street are increasingly betting on their potential competition. The equity investments are a way to "future proof," according to CB Insights. These so-called 'acqui-hires' included Clarity Money, Final, Bond Street and brought in more than 60 consumer fintech-focused employees, according to CB Insights. "Acquiring digital talent has been a top priority for all banks as they strive to become more tech oriented," CB Insights said. J.P. Morgan is developing a "new fintech campus" for more than 1,000 employees in Palo Alto, California.
Read More
Oracle Unleashes World's Fastest Database Machine
ORCL (Oracle Corporation) | PR Newswire
Oracle Exadata Database Machine X8M, available today, sets a new bar and changes the dynamics of the database infrastructure market. "Any and all customers who want to improve their Oracle Database performance need to immediately evaluate this new offering. Compared to Azure SQL Database Service storage, Exadata X8M delivers 100X lower latency, 150X more IOPS, and 300X more capacity. Based on technology from Oracle Autonomous Database, the entire process is automatic and improves database performance while eliminating manual tuning. The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database.
Read More
Salesforce launches manufacturing, consumer goods cloud platforms
CRM (Salesforce.com Inc) | Tech Radar
As part of its ongoing efforts to take on SAP and Oracle, Salesforce has launched clouds for manufacturing and consumer product goods (CPG) companies. Now Salesforce is trying to tackle specific pain points for a number of industries starting with manufacturing and consumer product goods. Salesforce's Manufacturing Cloud is designed to give organizations a unified view of market and customer demand to help them better forecast business. Consumer Goods CloudSalesforce's Consumer Goods Cloud will take a similar approach to its Manufacturing Cloud by using sales data and technology for field reps to help optimize product sales at brick and mortar stores. Salesforce Manufacturing Cloud and Consumer Goods Cloud will be available in mid October with Einstein availability coming to the Consumer Goods Cloud in February 2020.
Read More
WeWait: WeWork IPO To Be Delayed Until October "At Earliest" As Roadshow Halted
We Company | Zero Hedge
What is more surprising is that according to various press reports, WeWork's IPO roadshow was supposed to begin as soon as today ahead of a trading debut next week. It now appears that is not happening and the most likely explanation is that after some preliminary canvassing of investor interest, there was none. What this means is that as of today, WeWork is "likely to shelve the offering until at least next month, according to people familiar with the matter." Reading between the lines, it means that the IPO is effectively over - after all what will change in the next 2 weeks? Actually there is one thing that may salvage this IPO: Adam Neumann, the company's CEO, who is suddenly at least 3.6 roentgens radioactive, may depart.
Read More
IBM CEO Sees Amazon and Microsoft as Cloud Allies, Not Rivals
IBM (International Business Machines Corporation) | Data Centre Knowledge
In IBM’s vision of cloud computing, Amazon.com Inc. and Microsoft Corp. will be allies rather than rivals. Chief Executive Officer Ginni Rometty is betting on the hybrid cloud, which lets IBM offer services on corporate customers’ cloud-based servers as well as on third-party clouds operated by the likes of Amazon and Microsoft. “This company has had to be reinvented many times,” Rometty said in an interview on Bloomberg Television’s CEO Spotlight show. In the interview with BTV, Rometty said Red Hat would continue to operate as a separate and distinct business unit within IBM. “You have competition and cooperation -- and in this case Red Hat is a platform that goes across all of them.”
Read More
Blue Apron Vs. Home Chef
APRN (Blue Apron Holdings Inc. Class A) | Digital Trends
Two of the most popular options in the United States today are Blue Apron and Home Chef. Blue Apron doesn’t do any add-ons for desserts or side dishes. Diet OptionsBoth Blue Apron and Home Chef are very limited when it comes to strict dietary guidelines. That being said, Home Chef generally offers more direct diet customization options than Blue Apron. Packaging and ShippingBlue Apron and Home Chef ship across the continental United States (Blue Apron even offers some on-demand shipping).
Read More
3 From JPMorgan Accused in Scheme to Game Precious Metals Market
JPM (JP Morgan Chase & Co.) | The New York Times
Federal prosecutors accused a JPMorgan Chase executive and two of his colleagues on Monday of manipulating commodities markets for nearly a decade, operating a “massive, multiyear scheme” that the Justice Department said was tantamount to a sprawling criminal enterprise.Michael Nowak, the head of precious metals trading at JPMorgan and a bank managing director, and two others, Gregg Smith and Christopher Jordan, were accused of placing fake orders to buy and sell futures contracts — a practice called spoofing — to manipulate prices.
Read More
The Continued Rise of MercadoLibre
MELI (MercadoLibre Inc.) | The Motley Fool
Of all South America's success stories, few have been more impressive than that of MercadoLibre (NASDAQ:MELI). The largest e-commerce platform on the continent, MercadoLibre boasts more than 180 million active users across key Latin American markets, including Brazil, Mexico, and Argentina. MercadoLibre -- Spanish for "free market" -- was founded in 1999 by Marcos Galperin, a Stanford-educated Argentine, as an online marketplace dedicated to online sales and auctions. With its triple offering of e-commerce, online auctioning, and digital payments, MercadoLibre has been described as Latin America's answer to PayPal, Amazon, and eBay, all rolled into one. The IPO was something of a record: MercadoLibre was in fact the first South American tech company to be listed on the Nasdaq exchange.
Read More
PayPal is Cautiously Optimistic About Partnership with Libra Association
PYPL (PayPal Holdings Inc.) | Crypto Globe
Payment platform PayPal is cautiously optimistic about its relationship with Facebook’s digital currency libra, despite being the highest-profile company to join the Libra Association. In June, shortly after the official unveiling of Facebook’s libra, PayPal announced an intention to join and support the Libra Association, a collection of tech and finance companies promoting the product. However, PayPal appears cautious about its future with Facebook’s digital currency. PayPal investor relations vice president Gabrielle Rabinovitch reiterated Sept. 12 that the company is a non-binding agreement with libra,It's a non-binding commitment. While PayPal appears optimistic about the future of libra, the digital currency has endured months of regulatory and political scrutiny concerning its release.
Read More
These are the biggest Dow winners and losers after oil spikes
XOM (Exxon Mobil Corporation) | CNBC
Drone Saudi Arabian oil facilities over the weekend forced the kingdom to cut its oil output in half. Consumer staples giant Procter & Gamble has been the worst performing Dow stock after oil jumps, averaging a 0.81% dip the week after oil rises. Fast-food company McDonald's also has been a weak performer, losing 0.42% a week after oil spikes. The Dow averages a 0.34% return and the S&P 500 averages a 0.53% return after U.S. oil rises 5% or more in a single day. The 10-year-Treasury note typically falls the week after oil rises, data shows.
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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