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Tuesday, March 14, 2017

Intel Acquires Mobileye for $15.3 billion


 Intel, driver less cars, autonomous cars, Mobileye



Intel's wants to compete in the emerging space of autonomous vehicles and their latest move to acquire computer vision systems company Mobileye for $15.3 billion is their biggest step to date.

But the world's largest chipmaker has spent the past 18 months investing in and acquiring a wide array of lesser-known companies as well as reorganizing its own business, all in an effort to ensure it doesn't miss out on the next money-making opportunity which is autonomous driving.

Intel CEO Brian Krzanich says autonomous driving is estimated to be a $70 billion vehicle systems and data services (total addressable market) opportunity by 2030.

The acquisition amounting to $15.3 billion was announced on Monday, Intel made a play to corner the market on how much of that technology is developed.

The chipmaker’s acquisition of Mobileye, an Israeli company that makes sensors and cameras for driverless vehicles, is one of the largest in the fast-growing sector and sets the stage for increasing competition between Silicon Valley companies as well as traditional automakers over who will dominate the world of autonomous cars.

Google and Uber have already invested billions of dollars in their own technology, signing partnerships with automakers Chrysler and Volvo and sending test vehicles onto the road in a bid to cement their place in the industry.

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Monday, February 13, 2017

Shares in Asia Inched to a 19-month Highs

asian stocks, stock market, finance, economy, business


Asian shares eke out 19-month highs on Tuesday as the potential for economic stimulus in the United States underpinned the dollar, bond yields and Wall Street stocks.

However, markets are still shaky since experts says that it his highly likely that the Federal Reserve, will have two or more U.S. interest rate hikes this year. U.S. Federal Reserve Chairwoman Janet Yellen will have an upcoming congressional testimony later in the global trading day.

Japanese shares also ran into trouble after Toshiba Corp (6502.T) delayed an anxiously-awaited earnings release, including details of a multibillion dollar charge related to cost overruns at its U.S. nuclear arm.

Japan’s Nikkei Stock Average NIK, -1.13%   was down 0.1%, Hong Kong’s Hang Seng Index HSI, -0.06%   was off 0.3% and Korea’s Kospi SEU, -0.22%   slipped 0.1%.

Singapore’s Strait Times Index STI, -1.19%   was down 0.9% after three days of gains, as concerns about bank earnings cut into sentiment. Oversea-Chinese O39, -3.28%   dropped 2.7% following weak fourth-quarter earnings. DBS D05, -2.96%   and United Overseas Bank U11, -1.52%   which report later this week, fell 2.1% and 0.7%, respectively. Australia’s S&P/ASX 200 XJO, -0.10%   was up 0.4% and New Zealand’s NZX-50 NZ50GR, +0.22%   was 0.4% higher.

In the U.S. overnight, the Dow Jones Industrial Average, the S&P 500, the Nasdaq Composite and the Russell 2000 all reached record highs which is a clear sign that Donald Trump is good for the economy!



Friday, January 27, 2017

Apple iPhone Ousted from the top spot in China for the first time in 5 years




Apple's iPhone has been toppled as the number one selling smartphone in China for the first time since 2012, this has made them "vulnerable" in the world's second-largest economy, according to a report released Friday.

The iPhone 6s sold 12 million units in 2016 which is about 2% of all phones sold in China, behind the "Oppo R9" which is the flagship smartphone of the Chinese brand Oppo Electronics. Oppo sold about 17 million units or 4% market share for all phones, according to Counterpoint Research. Oppo is one of the fastest-growing smartphone brands in China which has made its name through high-spec low-priced devices, being sold through bricks and mortar stores. This is the first time that Apple iPhone has been toppled on the top in China in five years.

The Cupertino, CA-based company has been having difficulty in sales for the last few quarters. From July up to September 24, 2016, Greater China revenue fell 30% year-on-year. Apple has been on a charm offensive, visiting China last year, and announced a $45 million research and development center in Beijing. Its market share has fallen from 14.3% in 2015, to 10.4% last year in China, Counterpoint said.

Apple has been squeezed by other players like Huawei and Oppo. Oppo and Vivo have released high-quality but lower priced devices and are aggressively taking market share. Oppo's shipments were up by 109% year-on-year in China, while Vivo saw a 78% increase. Huawei was up by 21%, but Apple was down 21%.

Wednesday, January 18, 2017

Gold Prices are Trending Downwards as Fed's backs gradual rate hikes

Gold, economy, finance, investments


Federal Reserve Chair Janet Yellen announces that she welcomes the hiking of U.S. interest rates gradually which has pressured gold prices. Spot gold was down by 0.1% to $1,202 per ounce by 0335 GMT, after dropping to as much as $1,197.31. Last Tuesday it has hit eight-week high of $1,218.64. U.S. gold futures had fallen as much as over 1% to $1,197.10.

The U.S. dollar index which measures the greenback against a basket of currencies, were up by 0.3% to 101.200.

Since the U.S. economy is close to full employment and inflation headed toward the Federal Reserve's 2% goal, it "makes sense" for the U.S. central bank to gradually lift interest rates, Fed Chair Janet Yellen said on Wednesday.

Dallas Fed President Robert Kaplan on Wednesday joined the chorus of central bank officials making a case for a gradual hike in U.S. interest rates.

U.S. consumer prices increased in December as households paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in 2-1/2 years and signaling that inflation pressures could be building.

Silver fell by 0.3% to $16.97 an ounce while Platinum fell 0.5% to $956.50, and palladium was down 0.1% to $747.70.

Thursday, December 29, 2016

Happy New Year 2017


Happy New Year 2017

A promising and a fulfilling new year is waiting just for you. Open your arms and behold
it with grace and mirth. Hope you have prosperous one.

Friday, December 23, 2016

Merry Christmas 2016


Merry Christmas, Happy Holidays, Merry Christmas 2016, Merry Christmas greetings, Christmas message, Christmas picture


May God bless you with a joyous, loving and peaceful celebration this Christmas and all throughout the year. Merry Christmas!!!

Friday, December 9, 2016

Gold Slump Again, On Worst Losing Streak in 2016

gold prices, swiss gold



Gold prices slumped on Friday and it is on its way to a 5th straight weekly decline. As it get hit from all directions. The gold prices are being pulled down by a stronger U.S. dollar and expectations of a Federal Reserve rate hike next week. U.S. equities are also at record levels luring money out of the safe haven and fund holdings wither. The S&P 500 and the Dow Jones Industrial Average are at all-time highs amid speculation President-elect Donald Trump’s policies will spur growth. Investors are also assessing the European Central Bank’s decision on Thursday to tweak its bond buying.

Spot gold was down 0.3% at $1,167.11 an ounce by 0245 GMT, and was set for a weekly decline of about 0.8%. U.S. gold futures lost 0.2% to $1,169.60 per ounce. The dollar held large gains against the yen and euro early on Friday.

The number of Americans filing for unemployment benefits fell from a five-month high last week, pointing to labour strength that underscores the economy's sustained momentum and reinforcing the case for a Federal Reserve rate increase.

Rising bond yields and a flight to stock markets have also dampened the appeal of gold.

Meanwhile, Asian shares edged down on Friday but were on track for robust weekly gains, while the euro became more settled after the volatility seen in the wake of the European Central Bank's decision to trim the size of its asset purchase program while also extending it for longer than many analysts had expected.

Holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.34% to 860.71 tonnes on Thursday. SPDR holdings have fallen nearly 9% since November and are on track for a 5th straight week of losses.

Elsewhere, silver was down 0.4% at $16.94 an ounce and platinum fell 0.9% at $930.10.

Palladium was down by 0.2% to $734, after reaching its lowest since November 18 in the previous session.