Volvo has purchased a portion of Momentum Dynamics, a company building wireless charging stations for battery powered vehicles. Volvo is trying to gain an edge in what has become a worldwide race among the largest car companies to gain an advantage in the electric powered vehicle market. Kate Beioley reports for the FT that Volvo isn't alone in exploring wireless charging technology. She writes: The Volvo Group Venture Capital AB, a subsidiary of the Volvo Group, said it was investing in the Philadelphia-based company which develops high-power wireless charging systems for trucks, buses and … [Read more...]
New Deal Creates World’s Largest Gold Miner
Newmont Mining Corp. is buying Goldcorp Inc. to form the world's largest gold miner, report Bloomberg's Thomas Biesheuvel and Elena Mazneva. This deal and the recent acquisition of Randgold by Barrick will be followed by numerous smaller deals in response as both giants sell certain assets. Bloomberg reports: The deal will create a company that runs mines in the Americas, Australia and Ghana and exceeds Barrick-Randgold in scale, producing about 7.9 million ounces of gold a year. It also rivals Barrick’s purchase of Placer Dome Inc. as the gold-industry’s biggest takeover. That deal had a … [Read more...]
Truckers Reap the Rewards of Online Shopping Boom
With online shopping becoming more prolific for an array of different categories the trucking industry is reaping the rewards. You can now order everything from a couch to an outdoor kitchen and get it delivered and assembled. Bloomberg has the story. Wielding a cordless drill, Osborne hooked up all three appliances in about 45 minutes and sped off for the next home. Meanwhile, across the urban sprawl of North Texas, a colleague navigated a sofa bed down a tight hallway while another driver unpacked and assembled a patio table. The array of cargo would have been rare just a few years ago, … [Read more...]
Home Health Devices are Hot
Home health care devices are hot. This year's consumer electronics show is packed with home health devices including a wrist band that checks your blood pressure and an band to track a baby's heart beat in-utero. “A lot of these companies are moving full steam ahead in terms of collecting data and using it to help the personalization of the customer,” said Anshel Sag, an analyst with Moor Insights & Strategy. “I just got an email about a bladder monitor.” Helping to drive this shift in the market are both the improvement in sensor accuracy, which increases a company’s likelihood of … [Read more...]
IBM Beats the World to the First Standalone Quantum Computer
The race for quantum computing dominance is ongoing around the world, but IBM has beaten competitors everywhere by building the first standalone quantum computer. Quantum computing promises untold advancements in computing power, and leaders in the market could fundamentally change computing forever. Richard Waters reports in the Financial Times on IBM's achievement, writing: IBM has built the first standalone quantum computer, packing some of the world’s most advanced science into a 9ft glass cube. But so far there is only one — and while IBM does not rule out one day selling such … [Read more...]
Will Kroger Beat Amazon to High-Tech Grocery Shopping?
Kroger has teamed up with Microsoft to transform its stores with high-tech upgrades. Amazon has also been working hard to bring technological innovations to brick and mortar retail, with mixed results. It could be that Kroger and Microsoft beat Amazon to the punch in the high-tech retail business. Matthew Boyle and Dina Bass write in Bloomberg: Kroger Co. and Microsoft Corp. are joining forces to bring the ease of online shopping to brick-and-mortar grocery stores. Kroger, America’s biggest supermarket chain, has remodeled two stores to test out the new features, which include “digital … [Read more...]
Gold Begins to Shine
Market volatility and a weaker dollar have pushed the demand for gold higher. Investors are driving up the price for the safe-haven precious metal. Neil Hume reports at the Financial Times: For much of 2018 gold was out of favour, hit by the strength of the dollar and interest rate rises in the US, which dented the appeal of assets such as the precious metal that offer no yield. That saw gold trade as low as $1,174 in August in spite of rising geopolitical tensions and the fallout from US-China trade war. Sentiment towards gold began to improve towards the end of the year as US stock … [Read more...]
Apple Shares Clubbed Again
Apple shares were clubbed again yesterday after the company lowered revenue guidance for the upcoming quarter. The stock lost 10% yesterday—the biggest single day drop in six years. The shares are down 38% from their high last year, translating into a $450 billion loss in market value. Apple pointed the finger at China, but there is more to the story than the weakening of Asia’s biggest economy. A saturated smartphone market, missteps in select emerging markets, and a major mistake on pricing are all parts of Apple's problem. We have long harbored doubts about Apple’s ability to sustain … [Read more...]
Will China’s Downturn Take Apple with It?
Weak performance in China has forced Apple to lower its quarterly revenue guidance for the first time in 15 years. Pricing pressures from competitors like Huawei, and broader economic problems in China could be to blame. I've noted before that Apple's pricing has cost the company heavily in India, and the same issues could be at the heart of its problems in China. Earlier this year there was some warning for investors that Apple was having trouble selling its phones when the company inexplicably ceased reporting unit sales of its products. On the latest troubles for Apple in China, Robert … [Read more...]
Is Chinese Manufacturing Hurting from the Trade-War?
A closely followed measure Chinese manufacturing industry's health has signaled its first contraction since mid-2017. The news sent stocks in Asia and Europe tumbling, along with American futures prices. Bloomberg's Jana Randow reports on trade tensions and manufacturing around the world, writing: Growth in the world’s largest economies is set to slow this year. Ongoing trade tensions between the U.S. and China are hurting demand across Asia’s manufacturing hubs and export-oriented European economies including Germany. Political uncertainty is weighing on confidence, while the U.S. government … [Read more...]
- « Previous Page
- 1
- …
- 103
- 104
- 105
- 106
- 107
- …
- 218
- Next Page »