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Huawei was already facing serious trouble following the Trump administration'sde facto ban, but it might get considerably worse
Alphabet Inc's Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world. The move could hobble Huawei's smartphone business outside China as the tech giant will immediately lose access to updates to Google's Android operating system. Future versions of Huawei smartphones that run on Android will also lose access to popular services including the Google Play Store and Gmail and YouTube apps.
Chipmakers including Intel Corp., Qualcomm Inc., Xilinx Inc. and Broadcom Inc. have told their employees they will not supply Huawei till further notice, according to people familiar with their actions.
Stocks in Asia were mostly higher on Monday despite rising tensions between the U.S. and China. Shares stateside slipped last Friday on the back of reports that trade negotiations between the U.S. and China have hit a pause. The ASX 200 in Australia rose in morning trade, with the country's incumbent government headed for a surprise win at the polls.
Alphabet Inc.'s Google has revoked Huawei Technologies Inc.'s Android license, Reuters reported Sunday, in a move that could cripple the Chinese tech giant's smartphone business. The move was later confirmed by The Verge. Huawei will be restricted to using only the public, open-source version of Android, Reuters said. Effectively, it means that Huawei will be immediately cut off from receiving Android system updates, including security updates, and future versions of Huawei smartphones will not be able to use YouTube, Gmail and the Google Play store, among other features. Last week, the Trump administration moved to restrict U.S. technology sales to Huawei and certain other foreign-owned companies. The U.S. has long claimed that telecom equipment from Huawei poses a national security risk.
The results of India’s elections are due this week, South Africa will decide on interest rates and Argentinian investors will be able to react to Cristina Fernandez de Kirchner’s surprise decision to run as a vice-presidential candidate, potentially adding volatility to an asset class already famed for its erratic behavior. “Some interesting opportunities are beginning to present themselves in some spots of the EM universe, but over the coming weeks it feels like caution is warranted,” said Paul Greer, a London-based money manager at Fidelity International, whose emerging-market debt fund has outperformed 98 percent of peers this year after reducing risk in recent months.
These ate the four companies owned by Google (Alphabet) that are household names as well. Alphabet owns more than 200 companies, including those involved in robotics, mapping, video broadcasting, telecommunications, and advertising.
Out of nowhere in July 2016 Pokémon Go became a global gaming sensation and brought in $2 billion in revenue. Harry Potter: Wizards Unite, a new augmented reality venture is poised to be another megahit for gaming start-up Niantic, which emerged from within Google and has Nintendo funding.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bearish calls included biotechs and a recent IPO. Furthermore, investors also saw mixed economic numbers, as well as positive surprises in quarterly reports and initial public offerings, bad news for a market darling from the Supreme Court, and fresh news for whale watchers.
Mona Keijzer, the Dutch state secretary for economic affairs and climate policy, has proposed implementing three measures on a European level to prevent large technology companies from becoming too dominant, she wrote in a letter to the national parliament on Saturday. The state secretary said she is already in talks with other member states on the policy. The European Commission has sought tougher scrutiny of acquisitions in the past.
It's been a rough two years for consumer IPOs, from Snap in 2017 to Uber and Lyft this year. Private market investors are generating all the returns, which is exactly what the experts have predicted for years. Nobody in Silicon Valley should be surprised by Uber's UBER disappointing IPO.
Generation Investment Management, the firm Al Gore co-founded, is handily beating the S&P 500. Here’s what it’s buying and selling.
As we become ever more aware about the data companies are tracking about us,we're even more concerned about how they're using it
The critics also include some of his past political allies, including state Attorney General Letitia James, who served with de Blasio in the City Council and described him as a friend while also saying “we need a mayor who is going to be on the job 24 hours a day.” Former political consultants who helped him achieve two overwhelming mayoral election victories aren’t working for him on this campaign. De Blasio’s chances at overcoming his underdog status might be better if he had ignited more enthusiasm among New Yorkers. “It’s sure to come up,” said Iowa Democratic Chairman Troy Price, when asked about the negative reaction to de Blasio’s candidacy among some New Yorkers.
Search giant Google has reportedly purchased three more office buildings in North San Jose, where it has quietly assembled what could be one of the largest corporate office campuses in the city.