Monthly Archives: July 2022

US stocks trade mixed as traders weigh strong mega-cap tech earnings against worrisome new inflation data

Apple shares rise after quarterly results. REUTERS/Alyssa Pointer US stocks on Friday were mixed as Apple and Amazon reported their respective quarterly results.  Stocks were on track to rise in July, with the Nasdaq Composite on course to jump about 10%.  PCE inflation in June rose 0.6%, higher than a consensus estimate of 0.5%.  Stocks…

Donald Trump, who called mob that included neo-Nazis ‘very fine people,’ now hits CNN over comparing him to Hitler and Goebbels

Then-President Donald Trump answers questions about the deadly 2017 “Unite the Right” rally in Charlottesville, telling reporters of the protesters, who included white nationalists and neo-Nazis, “You had some very bad people in that group, but you also had people that were very fine people, on both sides.” JIM WATSON/AFP via Getty Images Donald Trump…

Roku plunges 27% as the streaming service flags ‘recessionary fears’ alongside shortfall in quarterly results and weak outlook

Fozan Ns/Shutterstock Roku shares dropped as much as 27% on Friday after the streaming service missed Q2 results and warned of a Q3 revenue shortfall.  Advertisers and consumers pulled back on spending in Q2 and the company sees that continuing through its September quarter.  Roku foresees Q3 total revenue of $700 million, below the FactSet…

US and Taliban enter talks to release $3.5 billion in central bank currency reserves amid humanitarian crisis

Foreign Minister Amir Khan Muttaqi. Cagla Gurdogan/Reuters US and Taliban officials met in Uzbekistan for talks to unfreeze roughly $3.5 billion in central bank reserves. The summit comes as the humanitarian crisis in Afghanistan worsens since the militant group took power almost a year ago. Afghanistan’s sanctioned economy has lost significant international capital since the…

Bipartisan US bill expected to take aim at credit card swipe fees

US senators have drafted a bill that will let merchants route Visa and Mastercard credit card transactions to alternative networks.  The bill could create more competition in the credit card payment network space and may lower swipe fees. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more…

Ex-Trump adviser Paul Manafort says seeing prisoners being transferred reminded him of ‘movies about the Holocaust’: book

Paul Manafort. AP Photo/Andrew Harnik, File Paul Manafort says seeing prisoners being transferred reminded him of “movies about the Holocaust.”  Trump’s former advisor was convicted of numerous federal charges stemming from the Mueller probe.  He also revealed that he informally advised people close to the 2020 campaign while hoping for a pardon. Former Trump campaign…

XR Technologies and Trends: Pandemic ushers in immersive experiences

The pandmic has pushed XR, including a variety of VR and AR use cases, beyond gaming and entertainment.Do you work in the Tech industry? Get business insights on the latest innovations, market trends, and your competitors with data-driven research.The following is a preview of one Insider Intelligence report, US Virtual and Augmented Reality Users 2021….

Uniphore CTO aims for perfect balance between the need to rebuild existing products and expand with customer needs after company reaches $2.5B valuation in series E funding

BI Graphics Uniphore Uniphore, a conversational AI platform, is using emotion AI to deliver more sophisticated and personalized automated customer experiences. After gaining $400M in series E funding, the company is reorganizing its platform while expanding the business. CTO Balaji Raghavan said there is always a balance to be struck between rebuilding existing products and…

The ruble is now the worst-performing emerging market currency against the dollar while Russian demand for the yuan soars

Russian President Vladimir Putin with Chinese President Xi Jinping. RIA NOVOSTI/AFP via Getty Images The ruble is now the worst-performing currency against the dollar among emerging markets this month. The ruble is down more than 16% so far in July after becoming the world’s top-performing currency against the dollar earlier this year. Meanwhile, Russian demand…