Today’s Stock Market News

* Stories are summarized by an A.I. * Stocks or companies mentioned: CVX, Huawei, MSFT, GOOG, ED, WMT, BA, KR, and Kaluga Queen Chevron ordered to halt oil spill into California canyon CVX (Chevron Corporation) | Houston Chronicle SAN FRANCISCO (AP) — California regulators say Chevron has not done enough to stop a massive oil spill that dumped about 800,000 gallons of crude oil and water into a Kern County canyon, and they want the company to take further action to halt the flow. The seep out of the ground where Chevron injects steam to extract underground crude oil has been happening on and off since May. The company also said the spill is not near any waterway and has not significantly affected wildlife. The order was issued by Jason Marshall, the new acting head of the state's Division of Oil, Gas and Geothermal Resources. But if it remains in effect and the company doesn't comply, the division says the company faces fines and more enforcement action that could inc...

* Stories are summarized by an A.I. * Stocks or companies mentioned: GOOG, FB, NKE, MSFT, BB, F, INTC, SAVE, BA and AMZN As YouTube Tries To Fight Controversial Content, It’s Giving Quality Creators With New Ways To Make Money GOOG (Alphabet Inc.) | Forbes YouTube Chief Product Officer Neal Mohan delivered YouTube's keynote at the VidCon conference in Anaheim, Calif. in 2018. “We’re really focusing on rewarding the creators that are generating value,” Mohan told Forbes in an interview before the keynote. Mohan’s message on stage on Thursday was that giving top creators ways to increase their revenue would encourage more quality posts as the site continues to fight controversial content. YouTube takes a cut of both the advertising and non-advertising revenue it pays creators so the boom in user spending is a boon for Google, too. (Despite investor entreaty, neither Google nor parent-company Alphabet have revealed YouTube’s revenue figures.) Read More Facebook VP: AI ha...

* Stories are summarized by an A.I. * Stocks or companies mentioned: GOOG, AMZN, McAfee, AAPL, DAL, DB, F, FB, TSLA, and PYPL Google Cloud's Andrew Moore says AI must be more accessible to succeed GOOG (Alphabet Inc.) | VentureBeat While Google Cloud AI head Andrew Moore faces a vast array of challenges in his new gig, one of his biggest priorities remains making the power of artificial intelligence accessible to as many people as possible. Moore previously worked with Google from 2006 to 2014 and last year rejoined the company as its Google Cloud AI head. By the same measure, if it becomes easier to see the impact of AI on real-world problems, that creates a new motivation for data scientists. “If you find yourself in an organization where they are saying, ‘Hey, we’re going to introduce AI because our competitors are using AI,’ there is a danger they will be using AI without connecting it to a business model,” he said. “I would just walk away from a project that doesn’t ...

* Stories are summarized by an A.I. * Stocks or companies mentioned: T, TSLA, K, SHAK, AAPL, ZOOM, AMZN, MSFT, IBM, and NFLX WarnerMedia banks on HBO's brand name for new streaming service T (AT&T Inc.) | CNN By bringing it in-house, WarnerMedia is banking that "Friends" fans will migrate for a new streaming service. The streaming service will also include brand-new shows, called "Max Originals," and movies. The forthcoming streaming service has been a top priority ever since AT&T took control of WarnerMedia, then known as Time Warner, last summer. Reilly has been green-lighting new shows for the forthcoming streaming service for several months. Netflix tweeted on Tuesday, "We're sorry to see Friends go to Warner's streaming service at the beginning of 2020 (in The US). Read More A Look At Some Of The Trends That Drove Tesla's Strong Q2 Deliveries TSLA (Tesla Inc.) | Forbes Tesla (NASDAQ: TSLA) posted record deliveri...

* Stories are summarized by an A.I. * Stocks or companies mentioned: TWTR, NFLX, SHOP, FB, BYND, MSI, ABBV, AAPL, K, and Mozilla How AI can strengthen and defend democracy TWTR (Twitter Inc.) | Venture Beat This is our fourth in an annual installment of stories about AI-powered solutions or machine learning can better democracy. Recently, a false rumor about Kamala Harris — spread in part by Twitter bots — was shared by both President Trump and Donald Trump Jr. Chief among those is governmental use of real-time facial recognition to identify dissidents at protests. As AI experts unanimously agreed in Congressional testimony in May, facial recognition software can dampen activity at protests and limit the Constitutional freedom to assemble. Beyond protests, real-time facial recognition software in public places can, as recent facial recognition ban legislation put it, become a form of tracking akin to asking people to walk around with their ID exposed at all times. Read More ...

* Stories are summarized by an A.I. * Stocks or companies mentioned: AAPL, XOM, BA, AMZN, GOOG, BABA, Fullgreen, INTC, EBAY, and WMT Growing Number of Tech Giants Looking to Move Production Out of China AAPL (Apple Inc.) | The Motley Fool In an unexpected move, Apple is reportedly moving production of its new Mac Pro from the U.S. to China. HP is considering moving 20% to 30% of production out of China, according to the report, potentially to Thailand or Taiwan. Sources told the Nikkei that Nintendo is also looking at Vietnam and Microsoft is exploring Thailand and Indonesia for production. That included a $30.1 billion trade deficit with China. Economists do not consider a trade deficit to indicate a loss to the economy, and in fact it can be the result of a strong economy. Read More The Real Reason Why ExxonMobil Won’t Go Ahead With $53 Billion Iraqi Megaproject XOM (Exxon Mobil Corporation) | OilPrice It also hints at why Iraq was so in debt for so long to various...

* Stories are summarized by an A.I. * Stocks or companies mentioned: AMC, BAYRY, AMZN, Volkswagen, Univé, GOOG, SIEGY, Huawei, FB, and AAPL Behind The Screen: Cinemark Vs. AMC AMC (AMC Entertainment Holdings Inc. Class A) | Seeking Alpha This proportion is similar in the U.S., where, as of 3/31/19, Cinemark has just 4,586 screens, while AMC has 8,114. Back then, AMC generated all revenue domestically, and Cinemark was at about 70%. Using this metric, we see that Cinemark currently trades at about 8.2x, while AMC seems much more attractive at 4.6x. We believe the Cinemark offering is superior to AMC’s Stubs A-List program because it is sustainable over time, as it incentivizes customer usage, whereas the AMC program discourages usage. Going forward, monitoring deferred revenue (in which each company’s subscription revenue is booked) will give clues to their respective progress. Read More Fujifilm and Bayer to jointly develop new cancer therapy BAYRY (Bayer AG ADR) | The ...