Apple CEO Tim Cook is downright giddy about augmented reality. And the world is about to see why. While virtual reality headsets from Oculus and others have yet to go mainstream, hundreds of millions of iPhones and iPads in circulation are an iOS update away from morphing into consoles that bridge the real world and […]
Read moreThe Wall Street Journal reports that Facebook is going into the next year “willing to spend as much as $1 billion” on original video content, building out the roster of exclusive TV on its revamped video tab Watch. In June, the WSJ reported that Facebook was willing to pay up to $3 million per episode […]
Read moreDisney’s stock dropped almost 5% Thursday after its CEO, Bob Iger, spoke at the Bank of America Merrill Lynch media conference in Beverly Hills and revealed that this year’s earnings will be roughly equal last year’s. That’s about 15% lower than what Wall Street analysts expected which implies disappointing results in the current quarter. For […]
Read moreUber’s new CEO Dara Khosrowshahi isn’t going to have much of a honeymoon. The FBI is investigating Uber’s “Hell” program to determine if it gave Uber an unfair advantage over Lyft and other competitors, The Wall Street Journal said Friday. Uber’s program was simple in its execution. As the Journal explains, Uber would open up […]
Read moreSilver has surged 12 percent in the past month — but one trader appears to believe that the real rally may just be getting started. In one of Thursday’s biggest options trades, a large number of bullish calls were purchased on the iShares Silver Trust, which is better known by its ticker symbol, SLV. Specifically, […]
Read moreCurrency, United States Finance
France’s Macron hails democracy in Athens — and takes a sideswipe at the IMF
French President Emmanuel Macron delivered an ambitious vision for how the European Union should reform, but used the opportunity to lash out the International Monetary Fund (IMF) for its role during the euro zone debt crisis. Macron was in Athens for a two-day visit, accompanied by 40 business executives from companies including Total and Vinci […]
Read moreArtificial Intelligence (AI) can now accurately identify a person’s sexual orientation by analyzing photos of their face, according to new research. The Stanford University study, which is set to be published in the Journal of Personality and Social Psychology and was first reported in The Economist, found that machines had a far superior “gaydar” when […]
Read moreThe Toyota ties run deep for Takeshi Uchiyamada. His father was the chief engineer behind the Crown, Toyota’s flagship sedan. He grew up in the castle town of Okazaki, just half an hour south of Toyota City. Uchiyamada loves this region known for its car prowess so much, he’s never been away from Aichi Prefecture […]
Read moreNorth Korea could ramp up its weapons testing in a game of militarized chicken as the United Nations weighs imposing tougher sanctions on the country, analysts said. And Pyongyang’s next display of defiance could come in the form of yet another missile launch as early this Saturday, to coincide with the country’s founding day. “The […]
Read moreCurrency, United States Finance
Confused by the ECB? Here’s what could happen at its important October meeting
The European Central Bank (ECB) delivered a mixed bag of information for investors at its policy meeting this week, leaving many scratching their heads as to what it’s actually likely to announce at its October get together. The ECB held interest rates steady on Thursday and said that it would stand ready to extend its […]
Read more