15 C
New York
Saturday, May 18, 2024

News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Oil Tycoons Lose Seven Months of Gains as OPEC Hopes Fade: Chart (Bloomberg)

The world’s richest oil billionaires had $4.6 billion wiped from their fortunes last week when oil capped the biggest weekly loss in almost 10 months as hopes faded that OPEC will be able to implement a promised deal to cut production and ease global oversupplies.

Banks Set Free in Currency Market After Egypt Floats Pound (Bloomberg)

Egyptian banks are wading into uncharted territory as they start trading currency without central bank restrictions for the first time.

Local lenders will be able to trade foreign exchange on the interbank market between 10 a.m. and 1 p.m. local time on Sunday.

Vestas Shareholders Told to Brace for U.S. Election Price Shocks (Bloomberg)

Vestas Wind Systems A/S reports earnings Tuesday morning, but shareholders may need to pay more attention to events in the evening when the results of the U.S. election start coming in.

Bail-Ins Split Watchdogs in $450 Billion Danish Mortgage Market (Bloomberg)

An argument has broken out in the world’s largest mortgage-backed covered-bond market over whether issuers should be included in European rules designed to protect taxpayers from bank failures.

Everyone wants a piece of the drug-industry and it's one reason prices are rising so fast (Business Insider)

Don’t just blame drug companies for rising prescription prices. For all the outrage over Mylan increasing EpiPen prices by 500%, and insulin prices, which are up 300% over the past decade, drug prices are a lot more complicated than pointing the finger at a lone villain.

Saudi Markets Are in Recovery Mode as Bond Debut Sparks Euphoria (Bloomberg)

Stocks just chalked up their longest rally since 2014, default risk is tumbling and the cash squeeze in the nation’s banking system is suddenly dissipating.

Companies

TAG Heuer Says Record Sales Possible Amid Industry Slump (Bloomberg)

The brand that considers itself the leader in “accessible luxury” has achieved double-digit growth so far in 2016, which may make it a “record year,” Chief Executive Officer Jean-Claude Biver said in a Bloomberg interview Sunday in Singapore.

Technology

Facebook's AI guru thinks DeepMind is too far away from the 'mothership' (Business Insider)

DeepMind, the AI research lab in London that was acquired by Google in 2014 for a reported £400 million, faces one big problem, according to Professor Yann LeCun, who heads up Facebook’s AI research group.

Samsung to launch AI assistant service for Galaxy S8 (Reuters)

Samsung Electronics Co Ltd said on Sunday it would launch an artificial intelligence digital assistant service for its upcoming Galaxy S8 smartphone, seeking to rebound from the Galaxy Note 7's collapse and differentiate its devices.

U.S. regulator found another cheat device in Audi car: report (Reuters)

A U.S. regulator found software in some Audi vehicles that lowered their carbon dioxide emissions if it detected they were being used under test conditions, Bild am Sonntag reported.

Riding In A Self-Driving Race Car Looks Absolutely Terrifying (Black Flag)

For a lot of people, riding in a car that has even partial control over its actions is difficult enough in slow traffic—just ask the 70-year-old lady who thoroughly freaked out while using Tesla’s Autopilot. But letting a race car take full control? That’s a whole new level of “No, thanks.”

Motor Trend: The Chevy Bolt makes most other electric cars 'utterly irrelevant' (Business Insider)

While we wait for Tesla's mass-market Model 3 to arrive sometime in late 2017, we can start to mull over the Chevy Bolt — a 238-mile-range electric vehicle, stickering for $29,995 after credits — that's heading to dealerships in California and Oregon before 2016 is in the record books.

This 24-inch projector collapses and pops open like an umbrella (Business Insider)

This projector weighs less than one kilogram and can pop open just like an umbrella.

The SPUD projector is a spontaneous pop-up display which is compatible with smartphones, laptops, and tablets.

New Zealand carriers will block the Galaxy Note 7 (Engadget)

If you think that Samsung's constant software reminders to return the Galaxy Note 7 aren't enough to make stubborn owners change their minds, you should book a trip to New Zealand. All of the country's wireless carriers will block the discontinued smartphone on their networks as of November 18th.

Robot surgeon can slice eyes finely enough to remove cataracts (New Scientist)

See what it can do. A new surgical robot can make the micro-scale movements needed for a particularly delicate procedure: cataract surgery.

Axsis, a system developed by Cambridge Consultants, is a small, teleoperated robot with two arms tipped with tiny pincers. It’s designed to operate on the eye with greater accuracy than a human.

Innovative Bicycle Tires Allow You To Pedal Forever Without The Fear Of A Flat (Digital Trends)

Bicycle tires are a weak link in the cycling world. They fail when you need them the most and can be a pain to repair. More often than not, a flat tire is the death sentence for a bicycle whose owner doesn’t have the tools or the know-how to fix the flat.

Politics

Hillary Clinton Targets The Dad Vote In A Sunday Night Football Ad Blitz (The Huffington Post)

Should Democratic nominee Hillary Clinton emerge victorious on Tuesday, it will be thanks to female voters, who are poised to perhaps deliver the largest ballot gender gap in U.S. presidential election history.

Hillary Clinton’s Moments and Missteps: A Look Back (NY Times)

It has been a long road for Hillary Clinton — former first lady, senator and secretary of state — since she announced her presidential bid more than a year and a half ago. Here’s a look at notable moments and missteps of her campaign.

Donald Trump’s Moments and Missteps: A Look Back (NY Times)

Donald J. Trump has conducted a presidential campaign arguably unlike any other in modern American history. Here’s a look at notable moments and missteps of his campaign.

Park’s Former Aides Arrested as Protesters Demand Resignation (Bloomberg)

South Korean President Park Geun-hye’s former secretaries were arrested early Sunday on charges of involvement in a political scandal that has led to calls that Park herself step down.  

Donald Trump briefly rushed off stage by Secret Service at Nevada rally (Business Insider)

It came just after Trump had gone on a riff about an apparent protester in the audience. He put his hand over his face to shield his eyes from the glare of the lights and look toward the crowd when the Secret Service agents whisked him offstage.

How racism and immigration gave us Trump, Brexit, and a whole new kind of politics (Vox)

As the 2016 election draws to a close, one of its biggest storylines remains unresolved: Why were Americans drawn to someone as dangerous, as manifestly unqualified, as Donald Trump?

Donald Trump Makes Closing Argument to Voters in New Ad (TIME)

Donald Trump makes a closing argument to voters in a newly released campaign ad, painting a bleak picture of the U.S. economy while issuing oft-repeated warnings about the “corrupt political establishment.”

Donald Trump accuses Democrats of voter fraud in Nevada (The Guardian)

Donald Trump, who has long suggested without evidence there is voter fraud in the United States, explicitly accused Democrats in Nevada in engaging in the practice on Saturday.

Donald Trump Threatens Nation's Progress, Obama Tells Bill Maher (Newsweek)

Hillary Clinton's name may be on the ballot, but liberal ideals and progress on health care, climate change, Wall Street reform and more are truly up for a vote Tuesday, according to President Barack Obama. 

Donald Trump Effigy Burns In England As Part Of Bonfire Night Celebrations (Reuters)

LONDON (Reuters) – He turned “You’re fired” into his reality show catch-phrase, but it was Donald Trump who went up in flames on Saturday – or at least an effigy of him did, as part of Britain’s annual Bonfire Night celebrations.

Health and Biotech

Pasta spirals link neutron stars and the machinery of your cells (New Scientist)

The conditions are vastly different, but the pasta is the same. The insides of neutron stars and the membranes inside our cells can form strikingly similar structures resembling cavatappi pasta spirals, which could forge a new link between the cosmos and life on Earth.

Printable Organs Will Put an End to Transplant Lists (Singularity Hub)

A woman living on a dialysis machine is grown a new kidney using her own cells. A father struggling with age-related vision loss has his eyesight restored. A soldier suffers extensive burns and has his skin regenerated.

Life on the Home Planet

Suicide bombers strike in two Iraqi cities, killing 11: officials (Reuters)

A suicide attacker detonated an ambulance packed with explosives in Tikrit on Sunday, killing nine people at the southern entrance to the city, police and hospital sources said.

The bomber struck during the busy morning rush hour. Authorities declared a curfew in the city, saying they had information that further attacks were possible.

After the earthquake: why the brain gives phantom quakes (The Guardian)

Earthquakes in Italy have devastated ancient towns and left thousands in temporary accommodation. Luckily no deaths were reported after the country’s strongest quake in decades struck last Sunday, but the psychological effects for those who were there could continue for some time.

Ask Ethan: Could The Universe Be Infinite? (Starts With A Bang)

13.8 billion years ago, the Universe began with the hot Big Bang. It’s been expanding and cooling ever since, up through and including the present day. From our point-of-view, we can observe it for some 46 billion light years in all directions, thanks to the speed of light and the expansion of space. Although it’s a huge distance, it’s finite.

How Big Is The Threat To Europe From Jihadis Fleeing Mosul? (Newsweek)

There is a presumption that the fall of Mosul will result in a surge in attacks and terrorism back in the West. Europe in particular feels like it is in the group’s crosshairs, with the refugee flow potentially masking a threat that will only magnify as the group loses territory on the battlefield in Iraq and more fighters want to leave the Islamic State militant group (ISIS).

How China's stealthy new J-20 fighter jet compares to the US's F-22 and F-35 (Business Insider)

Two Chengdu J-20 stealth fighters headlined China's Airshow China in Zhuhai on Tuesday, flying for just a few minutes, Reuters reports.

But Justin Bronk, a research fellow specializing in combat airpower at the Royal United Services Institute, said the display left many questions unanswered.

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,203FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x