Shares of Interpublic dove 12 percent in trading Tuesday, after CEO Michael Roth said “political gridlock” was to blame for his company’s second-quarter earnings miss. The advertising company’s poor report for both earnings per share and revenue largely came from reduced spending by consumer goods clients, according to Roth. “Our results in the quarter reflect […]
Read moreMotorola announced the Moto Z2 Force on Tuesday, a new flagship Android smartphone that will be available in the U.S next month. The Moto Z2 Force offers a “shatterproof” display that won’t crack or damage when you drop it, Motorola says. It also has the latest Snapdragon processor from Qualcomm, the same that’s in Samsung […]
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THREE years ago, Ryanair, Europe’s biggest budget airline, made the sudden decision to be nicer to its customers. Before that, brusqueness had been part of its strategy. Fares were low, but check-in staff were famously ruthless. One family was charged €600 ($701) to print their forgotten boarding passes (“idiots” according to Michael O’Leary, the airline’s […]
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Artificial intelligence, machine learning and robotics are making some real money for stock investors, and beating the market. The Global X Robotics and Artificial Intelligence ETF (BOTZ) is up 30 percent this year and the ROBO Global Robotics and Automation Index (ROBO) is up 25 percent. That’s roughly three times the Dow Jones industrial average‘s […]
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Print edition | Business Jul 29th 2017| BEIJING HONEST souls intent on paying full whack for the music they listen to used to have a hard time in China. In the era of compact discs, rare was the shop which did not sell counterfeits. The same held true when discs turned into downloads and online […]
Read moreMulti-billionaire tech titan and star of CNBC’s “Shark Tank” Mark Cuban says that most people are underestimating the potential of artificial intelligence to change the world we live and work in. He’s especially intimidated by the pace at which new technology advances: “It scares the s— out of me,” says Cuban, speaking to Ozy Fest […]
Read moreMining stocks led the S&P 500 higher on Tuesday on strong quarterly results and a surge in copper prices. Shares of Freeport-McMoRan and Newmont Mining popped 14.8 percent and 7.1 percent, respectively, outperforming the rest of the S&P. The two were the top performers in the benchmark during Tuesday trading. Freeport posted an adjusted profit […]
Read moreApple’s share of the Chinese smartphone market fell last quarter, according to one analysis, representing the waning dominance of the iPhone ahead of a major milestone. Local brand Xiaomi snagged the fourth-place spot that was held by Apple, leaving Apple at No. 5, according to Canalys, an independent analyst company. Samsung is also in the […]
Read moreFormer Twitter CEO Dick Costolo agrees withElon Musk that Facebook CEO Mark Zuckerberg might be underestimating the potential dangers of artificial intelligence. “I’ll play diplomat and say I think what Elon meant to say is that Mark’s view of this is optimistic. I do tend to take the more pessimistic view that it will be […]
Read moreThe rise of autonomous driving cars is one of the hottest, most anticipated technology trends for the next decade. Jefferies shared its top picks to ride the self-driving boom and other big car technology changes. “We believe Delphi Automotive and BorgWarner remain best positioned to benefit from ongoing secular auto tech shifts,” analyst David Kelley […]
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