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Seventeen percent of teachers said they did not feel prepared at all for distance learning, which has become the new normal during this coronavirus crisis, according to a new survey.
Quibi, the mobile streaming service that has raised a staggering $1.75 billion, debuts Monday in the most unpredictable of circumstances. Most of the country sits at home, thirsting for any form of entertainment. But will they consume content designed for on-the-go viewing while commuting to work or waiting in line for coffee?
For weeks, Zoom Video Communications Inc. basked in the glow of surging shares, enthusiastic research reports, and insatiable demand among consumers and enterprises.
Alphabet Inc.’s Google (GOOGL) is releasing data from its users to help governments track the spread of the coronavirus and assess the effectiveness of social distancing by using location information gathered from smartphones.The location data, which the search engine giant, collects from apps such as Google Maps, is aggregated, anonymized data showing how busy various types of places are, helping to identify when a local business tends to be the most crowded. The data tracks movement trends over a time period in an array of places, including groceries and pharmacies, parks, transit stations, workplaces, and residential locations.“We have heard from public health officials that this same type of aggregated, anonymized data could be helpful as they make critical decisions to combat COVID-19,” Jen Fitzpatrick, Senior Vice President at Google Maps and Karen DeSalvo, Google’s Chief Health Officer, wrote in a company blog over the weekend. “As a result, Google is starting to release its so-called COVID-19 Community Mobility Reports, which are expected to help governments determine how effective social distancing and lockdown policies have been. In the initial rollout, Google is publishing 131 country reports with charts that compare traffic from Feb. 16 to March 29. In the coming weeks more countries and regions will be added, the company said.Wall Street analysts are unanimously bullish on Alphabet’s stock. In the last three months, all of the 37 analysts published a buy rating on the stock according to TipRanks’ database. The average analyst price target of $1,558.97 implies 43% upside potential for investors in the coming 12 months. (See Alphabet’s stock analysis on TipRanks)Google confirmed that the mobility reports adhere to the company’s stringent privacy protocols and policies. To protect people’s privacy, no personally identifiable information, like an individual’s location, contacts or movement, is made available at any point. The information is created with aggregated, anonymized sets of data from users who have chosen to turn on the location setting on their smartphones, which otherwise is off by default.Related News: Hang in There, Upwork Investors, Better Days Ahead, Says Analyst 5-Star Analyst Reiterates Bullish Stance on Lyft Stock; Here’s Why Snap Stock Has Been a Roller-Coaster Ride; It Still Isn’t a Buy, Top Analyst Says More recent articles from Smarter Analyst: * Ford First-Quarter Sales Decline 12.5% as Showrooms Remain Closed Amid Pandemic * Tesla Sees Solid Quarterly Deliveries Despite Global Coronavirus Pandemic * General Motors, Honda Join Forces to Build Two Electronic Cars * Zoom Admits Some Calls Were ‘Mistakenly’ Routed Through China
It’s hard to wrap your brain around $2 trillion. That’s where this visual from cost-estimating website HowMuch.net comes in.
Many tech stocks have held up relatively well during the coronavirus crisis. Mark Grant of B. Riley FBR says long-term investors can make money ‘with a little patience.’
Millions of Americans have recently shifted to working from home full-time as most states have adopted stay-at-home guidelines to prevent the spread of COVID-19 from getting worse. Take Jill Sanfilippo, a corporate paralegal in Montgomery, N.J., who bought a $150 padded stool/bench on Amazon (AMZN) so that she has a cushier seat while toggling between two laptops. “I’m working at the kitchen counter while my son is schooling at the dining room table, so it’s a long day of standing!” Sanfilippo, 48, told MarketWatch.
Comcast says video streaming is up 38%, while video chats and internet phone calls have soared 212%.
The advertising world is in crisis, and the maturation of digital ads means there won’t be an industry bright spot like there was in 2008
New York City, as the nation’s epicenter of the Covid-19 pandemic, is battling an unprecedented health crisis. It is also grappling with a rapid economic slowdown that is undermining hard-won gains in its fiscal health that have been achieved since the financial crisis of the 1970s. New York’s situation is emblematic of the one that many states and cities across the country soon will be facing as unemployment surges and tax revenues drop.
(Bloomberg) -- Apple Inc. acquired Voysis, an artificial intelligence startup that developed a platform for digital voice assistants to better understand people’s natural language.Dublin, Ireland-based Voysis focused on improving digital assistants inside online shopping apps, so the software could respond more accurately to voice commands from users. A now-removed company webpage said the technology could narrow product search results by processing shopping phrases such as “I need a new LED TV” and “My budget is $1,000.” Voysis provided this AI to other companies to incorporate it into their own apps and voice assistants.Read more about the startup here: Synthesizing Realistic Human Speech Just Got a Lot EasierAn Apple spokesman said the company “buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”Voysis’s system taps into Wavenets, an AI-based method for creating more human-like computer speech that was first developed by Google’s DeepMind in 2016. Voysis co-founder Peter Cahill said in 2018 that his company managed to shrink its system to the point where, once the AI is trained, the software uses as little as 25 megabytes of memory -- about the same size as four Apple Music songs. That made it much easier to run on smartphones without an internet connection.Apple could use the acquired know-how improve Siri’s understanding of natural language or to offer the Voysis platform to thousands of developers that already integrate with the Apple digital assistant. Apple has been the top buyer of AI startups in recent years and has a portfolio that already includes former startups including Turi, Xnor.ai, and Laserlike.Read more: Big Tech Swallows Most of the Hot AI StartupsVoysis was founded in 2012 and sold its services to several companies. It also had offices in Edinburgh and Boston and got $8 million in venture funding from Polaris Partners in 2017.The acquisition is the second Apple deal disclosed this week. The Cupertino, California-based tech giant also bought Dark Sky, a popular weather app for iPhones and iPads.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Major tech companies are still posting hundreds of new job listings, with engineering positions accounting for a large portion of them.
(Bloomberg) -- Google is working with researchers in Europe to track the spread of the coronavirus using troves of location data gathered from smartphones.The search engine giant is collaborating with academics from the University of Southampton in the U.K., who in turn are working with the European Centre for Disease Prevention and Control, according to several people involved in the project.The location data, which Google collects from location-enabled apps such as Google Maps, has been shared with the researchers in an aggregated and anonymized format. It can’t be used to track an individual person; rather, it shows broad patterns of movement across entire countries over periods of time, according to the people.The data is helping researchers analyze the relationship between travel patterns and transmission rates of the virus within different countries, according to the people, while also providing insight into the effectiveness of lock downs in European countries.“We are looking at inner-city movement across the EU and what it means for controlling Covid-19,” said Nick Ruktanonchai, an infectious disease epidemiologist and lecturer at the University of Southampton. “With the location data, we are testing different scenarios and simulating what might happen if countries don’t end their lock downs in a coordinated way. It’s about buying time. We want to make sure a big second epidemic doesn’t happen months down the line.”Ruktanonchai’s description was confirmed by three others familiar with the project, who requested anonymity.A spokesman for Google pointed to a blog post the company published on Friday, which stated that it was “collaborating with select epidemiologists working on Covid-19 with updates to an existing aggregate, anonymized dataset that can be used to better understand and forecast the pandemic.”The European Centre for Disease Prevention and Control didn’t respond to a request for comment.The researchers are also working with telecommunications giant Vodafone Group Plc, Ruktanonchai said, and have combined data from Vodafone’s mobile phone networks with the Google location data in an effort to create more accurate models of movement patterns in Europe.A spokesman for Vodafone Group confirmed that the company was working with Southampton researchers on a project to monitor how the coronavirus might develop in different scenarios.In recent weeks, more than a dozen countries -- including the U.S., U.K., Italy, Germany, Austria, Spain, South Korea, Iran and Taiwan -- have turned to mobile phone location data as a method of monitoring people’s movements during the coronavirus pandemic.Two of the U.K.’s largest telecommunications companies – British Telecom and Telefonica UK Ltd – have said that they have provided anonymized location data to the government to support policy planning during the coronavirus crisis. In Austria and Italy, authorities are using location data provided by Telekom Austria and Vodafone to keep tabs on whether people are following restrictions on movement.The data has proved useful in determining whether lock down measures have been successful. However, privacy experts have raised concerns about its use. On Thursday, a coalition of more than 100 human-rights groups issued a joint statement that called on governments not to “disregard rights such as privacy and freedom of expression in the name of tackling a public health crisis.”The work being done in the U.K. not only offers an insight into current movement patterns but also enables the researchers to try and predict future scenarios. “We’re looking at what happens if all countries coordinate lock downs” or end their lock downs at different times, said Andy Tatem, director of the University of Southampton’s WorldPop project, which is leading the research.If countries in Europe don’t coordinate, Tatem said, it could lead to a resurgence of the virus.Teams at Alphabet Inc.’s Google have been working for weeks to find ways to use the company’s large stores of data to assist governments and organizations to manage their response to the coronavirus outbreak, according to two people familiar with those efforts.On Friday, Google announced that it would begin publishing “mobility reports” that show movement trends in 131 countries during the coronavirus pandemic. Google said the reports would document trends across different categories of places such as retail and recreation, groceries and pharmacies, parks, transit stations, workplaces and residential.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The best mutual funds are looking for companies with relatively stable earnings, so it's not surprising that many are on the IBD New Buys and Long-Term Leaders screens.
Google today announced that it will temporarily roll back the changes it recently made to how its Chrome browser handles cookies in order to ensure that sites that perform essential services like banking, online grocery, government services and healthcare won't become inaccessible to Chrome users during the current COVID-19 pandemic. The new SameSite rules, which the company started rolling out to a growing number of Chrome users in recent months, are meant to make it harder for sites to access cookies from third-party sites and hence track a user's online activity. Under Google's new guidance, developers must explicitly allow their cookies to be read by third-party sites, otherwise, the browser will prevent these third-party sites from accessing them.
Google uses its ad-tracking data to provide a glimpse at how the world is responding to coronavirus, the CDC changes its tune on face masks and Apple accidentally reveals that AirTags are coming. Google is giving the world a clearer look of exactly how much it knows about people everywhere — using the coronavirus crisis as an opportunity to repackage its persistent tracking of where users go and what they do as a public good in the midst of a pandemic. In a blog post, the tech giant announced the publication of what it’s calling COVID-19 Community Mobility Reports, an in-house analysis of the much more granular location data it maps and tracks to fuel its ad-targeting, product development and wider commercial strategy, now used to showcase aggregated changes in population movements around the world.
Quibi, a mobile-only short-form video service, launches Monday with a host of star-packed shows and an unproven business model. It will compete with free offerings from Google and others.
Some tickers are easier to write about, and Amazon (NASDAQ:AMZN) stock is almost a blind buy on every dip. I am extremely confident that if the stock market in general is higher in the future, then so is AMZN stock. It will continue to reward investors who believe in it over the long term. However, the amazing part is that it still has way too many critics even in the face of this fact.Source: Benny Marty / Shutterstock.com More to this point, Amazon is busier than ever during this tough test on Wall Street. It is one of the few companies somewhat benefiting from this crisis that crippled the rest of the world. Almost all of the shopping went online, and the biggest marketplace for that is the original e-commerce giant.The fear of the novel coronavirus caused the world to shut down. So if we cannot leave the house, then we must shop online. That said, I bet many of us bought things on Amazon last month that we've never before. This will create new habits that will continue going forward after the pandemic. Some of this is luck, but a lot of it is the company placing itself in a great position of dominance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsVirus or not, the company has been executing almost flawlessly for over a decade. They are serial disruptors, and the retail sector was merely the beginning. Their second giant coup was owning the cloud. Now they have competition from Microsoft (NASDAQ:MSFT) and others giants, but they are all playing catch-up. Just yesterday we learned that Amazon will be making in-house games as early as next month. They also have forays in healthcare and dozens of other verticals. * 7 Telecom Stocks That Are Worth a Close Look Overall, we will eventually learn what they are chasing now behind the scenes -- and the rest will always be one step behind. Amazon Stock Thriving Under Great Leadership Click to Enlarge Source: Charts by TradingView Jeff Bezos gets my vote for the best CEO of all time. This is a short list for me, and he beats out Steve Jobs, Bill Gates, Elon Musk and Warren Buffet. All of them are geniuses, yes, but Bezos' team has maintained a jaw-dropping growth rate for decades. They never stopped being a startup, and that's why Amazon stock has decimated the shorts for ever.There is no viable long term thesis to short it. Not even the master shorts like Jim Chanos can make that bet. After a long holdout, Warren Buffett finally broken down and bought Apple (NASDAQ:AAPL) stock admittedly too late. Maybe one day we will learn that he would do the same with Amazon.So far this year, the S&P 500 fell 35% from high to low at record speed. Equities are off the lows, but they are still trading in headline mode. Yesterday we learned that in just two weeks, 10 million people filed new jobless claims in the U.S. It is conceivable that we make a new equity low on shocking news, but the bottoming process is ongoing. My thesis is that the small caps have already set their low mark, but nothing is certain. This is all to say that this too shall pass, and there will be higher stock prices into year end. Don't Fight The Fed And The White HouseSince most of the world is under stay-at-home order, governments are forced to spend trillions to keep the global machine afloat. In the United States, they are literally sending checks to people and offering almost free money to all businesses who need help.Last night, we also got more details from Treasury Secretary Steven Mnuchin to suggest the White House will not let the airlines fail. The Federal Reserve is making sure that there is ample liquidity behind the scenes. The economy is also getting a giant fiscal relief plan, this is on top of the monetary commitment of unlimited bullets from Chair of the Fed Jerome Powell. The equity bears will have a problem fighting the Fed, the White House, and the brilliant scientists who will beat the pandemic.So at these levels, Amazon stock is a buy because it has held strong in the face of tremendous adversity. It will lead the stock market up out of this hole. Furthermore, it has its own favorable technical setup. It has defended the $1,875 support so on a good day if they can take out the resistance above they can trigger a rally to set new all time highs.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * This Stock Picker's Latest Video Just Went Viral * The 1 Stock All Retirees Must Own The post Why Amazon Stock Remains a Buy on Every Dip a Including This One appeared first on InvestorPlace.
The phrase "cash is king" is all over the internet right now as investors look for safe haven, low-debt stocks to buy in an effort to take advantage of the market's nosedive.While true, the important aspect of financial stability among U.S. firms right now is debt. Low-debt companies are not only likely to survive the coronavirus outbreak, but they'll also survive the recession that's almost certain to follow.As Carolin Schellhorn, Ph.D and assistant professor of finance at Saint Joseph's University put it: InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt any stage in the business cycle it is important to look for companies that carry relatively low debt levels, but this is even more important if the economy goes into a recession. Firms with less financial leverage have lower interest burdens. They also have more flexibility as industries respond to the structural changes associated with the global transition to a low-carbon economy. * 7 Telecom Stocks That Are Worth a Close Look With that in mind, investors should choosing financially stable stocks to invest in as a recession approaches. That means a strong cash position coupled with relatively low debt obligations -- criteria that can be hard to find on Wall Street. Low-Debt Stocks to Buy: Alphabet (GOOG,GOOGL)Source: Benny Marty / Shutterstock.com Of every stock on the market right now, I believe that Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) is one of the best low-debt stocks to buy. That's because the firm is in a prime position to weather whatever storm is coming. Not only does Alphabet have an ultra-low debt to equity ratio of 2.26, but it's also cash-rich. Google is sitting on upwards of $90 billion worth of cash. Having very little debt-to-service means Google can use that capital to invest while the rest of the industry struggles. The company will be able to make strategic acquisitions when its competitors are working to stay afloat. Google, like the rest of its peers, will see some softness in ad spending in the months ahead. But the firm's dominance in the search arena means it shouldn't fare any worse than the rest of the sector. Plus, its strong cash flow position means Google is able to pay the interest on its debt without issue-- one year of Google's $48 billion worth of cashflow is enough to pay off interest expenses for half a century. Facebook (FB)Source: Chinnapong / Shutterstock.com Another of the FAANG stocks that looks likely to come out of a recession unscathed is social media giant Facebook (NASDAQ:FB). Facebook carries no long-term debt, which makes it an appealing stock to buy in today's environment. Without a huge pile of debt-to-service like many of its peers, Facebook has more room to maneuver even if things get tight.Plus, Facebook's value as a service to connect people has just shot through the roof now that about a quarter of the world's population is on lockdown. The firm's WhatsApp and Messenger services are likely to see a dramatic spike in usage. Both Facebook and Instagram will probably enjoy a bump in active user numbers as well. * 7 Small-Cap Stocks That Might Not Survive Like Google, Facebook is at the mercy of advertising spend--something that's likely to take a hit as the economy continues to soften. But that's a reality for everyone in the industry and one that Facebook looks ready to cope with. Skyworks Solutions (SWKS)Source: madamF / Shutterstock.com Another of the best stocks to buy as economic pain in the U.S. continues is Skyworks Solutions (NASDAQ:SWKS), a semiconductor firm that should benefit from the 5G rollout this year. The Massachusetts-based company was posting wild ups and downs before coronavirus became a factor. Investors worried about the trade war with China, but things were just starting to look up for SWKS stock before the virus took the market on a nosedive. Skyworks connected chips are found in all kinds of everyday electronics from smartwatches to Facebook's Oculus virtual reality headsets. As connected technology gets a boost from 5G, Skyworks will benefit. But the real reason SWKS looks like a good bet in the chip space is the firm's ironclad financial position. The company carries no long-term debt, which will be a huge benefit as supply chain interruptions due to coronavirus continue to ravage the industry. It goes without saying that buying anything, let alone a semiconductor stock, in today's market comes with a great deal of risk. But if you've got a long timeline and you can wait out some volatility, Skyworks stock looks like a good pick in the beaten down market. As of this writing Laura Hoy did not hold a position in any of the aforementioned securities. More From InvestorPlace * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * This Stock Picker's Latest Video Just Went Viral * The 1 Stock All Retirees Must Own The post 3 Low-Debt Stocks to Buy Before a Seemingly Inevitable Recession appeared first on InvestorPlace.
Facebook (FB) releases Messenger App For Windows and MacOS as usage of desktop browser increases 100% amid coronavirus-induced lockdown.
Tech giant Google published statistics on whether or not the coronavirus lockdowns have been effective around the world. Yahoo Finance’s Tech Editor Dan Howley weighs in.
Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Dan Howley discuss how new information from Google about the spread of coronavirus can help shape how people move around in cities.
Google has released its mobile phone users' location data for 131 countries, hoping that the trove will show whether people are obeying the world's various lockdowns and social distancing measures. It may be the world's largest such data dump available to the public and covers a span from mid-February to the end of March. The results are varied. Italy for example has seen a drop in traffic to places like shopping centers and recreational areas by 94% compared to the same time last year. California though, the first state in the U.S. to impose a lockdown, has only seen a drop by half. Arkansas is the lowest American state, with only a 29% drop. The data also shows surges in activity at parks and grocery stores in some countries, such as the UK. Google says the info is anonymous -- without names, locations of individuals, or other personal info -- hoping to allay privacy concerns. But it declined to say whether any authorities had requested more info. Facebook is also sharing some location data with researchers and governments, but has not made their findings public.