Investors Are Subdued About a Quantum-Computing ETF
* Stories are summarized by an A.I.
* Companies mentioned: GOOG, GM, Huawei, LMT, and ERIC
Investors Are Subdued About a Quantum-Computing ETF
GOOG (Alphabet Inc.) | The Wall Street Journal
A quantum-computing breakthrough announced by Google in October illuminated the technology’s potential—and an investment opportunity. So says Paul Dellaquila, president of Defiance ETFs. The firm’s Defiance Quantum ETF (QTUM) tracks the BlueStar Quantum Computing & Machine Learning Index, which is made up of companies involved in quantum computing, along with a number of closely related sectors such as big-data solutions used in machine learning. The $12.4 million fund was up more than 40% for the year to date through...
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Next Chapter Of GM's Electrified Future To Unfold At Detroit Assembly Plant And In Ohio
GM (General Motors Company) | Seeking Alpha
Following costly 40-day strike, key feature of GM labor contract is agreement to build several new battery-powered models at Detroit-Hamtramck plant, which had been slated for closure. The United Auto Workers union’s 40-day strike against GM proved to be ugly from a number of angles. Some GM workers said the strike wasn’t worthwhile because it didn’t achieve its purpose of reversing GM’s decision to shut its Lordstown, Ohio factory. GM's next phase will include a Cadillac EV, a handsome prototype of which was shown last year in Detroit. GM’s Cadillac luxury franchise will be heavily electrified, the automaker has said.
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As Tech War Unfolds, AI Arms-Race Erupts, China Could Overtake US By Next Decade
002502 (Huawei Technology Company Ltd) | Zero Hedge
The trade war between the US and China has morphed into a tech war. But why has the trade war transformed into a tech war? The simple reason is that China could overtake the US as a major economic power by 2030. A new report from the Global AI Index, first reported by South China Morning Post, indicates that China could overtake the US in AI by 2025 to 2030. The tech war between both countries, to get more specific, has also blossomed into a global AI race, the report said.
Read More
Arms Sales Increased Nearly 5% Worldwide In 2018: Report
LMT (Lockheed Martin Corporation) | NDTV
(Representational)Arms sales rose by nearly five percent worldwide in 2018 in a market dominated by the United States, according to a new report published Monday by the Stockholm International Peace Research Institute (SIPRI). The turnover of the 100 biggest arms manufacturers came to $420 billion, thanks in large part to the US market, said the report. "This is a significant increase over one year considering the already high levels of US combined arms sales," Aude Fleurant, the director of SIPRI's arms transfers and military expenditure programme, told AFP. Turkey was "driven by the goal of being self-sufficient in arms supply and therefore develop arms production capabilities in all segments (land systems, air systems, naval systems, missiles, etc. "Turkey is also involved with an enduring armed conflict with the Kurds, which also tends to increase demand for arms," she added.
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Ericsson hit with over $1 billion in fines for bribing government officials
ERIC (Ericsson) | ZDNet
Swedish network equipment giant Ericsson has agreed to pay over $1 billion in fines to US regulators after pleading guilty to bribing government officials in multiple countries over a 17-year period. We can now move forward and build a stronger company," Ericsson President and CEO Börje Ekholm said. Earlier this year, Ericsson set aside a 11.5 billion Swedish krona (SEK) provision -- worth over $1 billion -- during Q3 2019 to cover any penalties relating to the investigations. For the third quarter of 2019, Ericsson posted a net loss of 6.9 billion Swedish krona, dragged down by restructuring costs and the 11.5 billion krona hit to resolve the dispute with US authorities. In spite of the losses, revenue for the company grew 6% year on year to 57 billion krona, while revenue for the nine months to the end of September increased by 14 billion krona to 161 billion krona.
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* Companies mentioned: GOOG, GM, Huawei, LMT, and ERIC
Investors Are Subdued About a Quantum-Computing ETF
GOOG (Alphabet Inc.) | The Wall Street Journal
A quantum-computing breakthrough announced by Google in October illuminated the technology’s potential—and an investment opportunity. So says Paul Dellaquila, president of Defiance ETFs. The firm’s Defiance Quantum ETF (QTUM) tracks the BlueStar Quantum Computing & Machine Learning Index, which is made up of companies involved in quantum computing, along with a number of closely related sectors such as big-data solutions used in machine learning. The $12.4 million fund was up more than 40% for the year to date through...
Read More
Next Chapter Of GM's Electrified Future To Unfold At Detroit Assembly Plant And In Ohio
GM (General Motors Company) | Seeking Alpha
Following costly 40-day strike, key feature of GM labor contract is agreement to build several new battery-powered models at Detroit-Hamtramck plant, which had been slated for closure. The United Auto Workers union’s 40-day strike against GM proved to be ugly from a number of angles. Some GM workers said the strike wasn’t worthwhile because it didn’t achieve its purpose of reversing GM’s decision to shut its Lordstown, Ohio factory. GM's next phase will include a Cadillac EV, a handsome prototype of which was shown last year in Detroit. GM’s Cadillac luxury franchise will be heavily electrified, the automaker has said.
Read More
As Tech War Unfolds, AI Arms-Race Erupts, China Could Overtake US By Next Decade
002502 (Huawei Technology Company Ltd) | Zero Hedge
The trade war between the US and China has morphed into a tech war. But why has the trade war transformed into a tech war? The simple reason is that China could overtake the US as a major economic power by 2030. A new report from the Global AI Index, first reported by South China Morning Post, indicates that China could overtake the US in AI by 2025 to 2030. The tech war between both countries, to get more specific, has also blossomed into a global AI race, the report said.
Read More
Arms Sales Increased Nearly 5% Worldwide In 2018: Report
LMT (Lockheed Martin Corporation) | NDTV
(Representational)Arms sales rose by nearly five percent worldwide in 2018 in a market dominated by the United States, according to a new report published Monday by the Stockholm International Peace Research Institute (SIPRI). The turnover of the 100 biggest arms manufacturers came to $420 billion, thanks in large part to the US market, said the report. "This is a significant increase over one year considering the already high levels of US combined arms sales," Aude Fleurant, the director of SIPRI's arms transfers and military expenditure programme, told AFP. Turkey was "driven by the goal of being self-sufficient in arms supply and therefore develop arms production capabilities in all segments (land systems, air systems, naval systems, missiles, etc. "Turkey is also involved with an enduring armed conflict with the Kurds, which also tends to increase demand for arms," she added.
Read More
Ericsson hit with over $1 billion in fines for bribing government officials
ERIC (Ericsson) | ZDNet
Swedish network equipment giant Ericsson has agreed to pay over $1 billion in fines to US regulators after pleading guilty to bribing government officials in multiple countries over a 17-year period. We can now move forward and build a stronger company," Ericsson President and CEO Börje Ekholm said. Earlier this year, Ericsson set aside a 11.5 billion Swedish krona (SEK) provision -- worth over $1 billion -- during Q3 2019 to cover any penalties relating to the investigations. For the third quarter of 2019, Ericsson posted a net loss of 6.9 billion Swedish krona, dragged down by restructuring costs and the 11.5 billion krona hit to resolve the dispute with US authorities. In spite of the losses, revenue for the company grew 6% year on year to 57 billion krona, while revenue for the nine months to the end of September increased by 14 billion krona to 161 billion krona.
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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