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Wilson_wu

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wrote a post·Jan 19, 2022 20:39

JPMorgan Chase to spend $12bn on tech this year

$JPMorgan(JPM.US)$JPMorgan Chase will spend more than $12 billion on technology in 2022, contributing to an eight per cent rise in expenses that could hurt the bank's profitability targets.
Reporting fourth quarter results, JPMorgan set out technology spending plans that will see it use "microservices architecture, cloud and modern engineering practices to accelerate software
development". The bank is also betting big on AI and machine learning...

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efficentupup

wrote a post·Jan 19, 2022 22:01

Nasdaq futures slightly lower after index closes in correction territory

$Nasdaq Composite Index(.IXIC.US)$ U.S. equities futures were little changed Wednesday after another choppy trading session as investors remained cautious amid rising rates and the Nasdaq dipped into correction territory.
Futures tied to the Dow Jones Industrial Average slipped by 28 points, or 0.08%. S&P 500 futures fell 0.17% and Nasdaq 100 futures inched about 0.2% lower.
United Airlines shares fell about 2.5% in exte...

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efficentupup

wrote a post·Jan 20, 2022 00:49

Alphabet (GOOGL) Boosts Steaming Efforts With Annual Plans

$Alphabet-A(GOOGL.US)$ Alphabet’s GOOGL division Google has taken a solid pricing strategy in order to gain a bigger market share in the booming streaming market.
This is evident from the latest annual subscription plans for YouTube Premium and YouTube Music Premium.Notably, the yearly subscription price for YouTube Premium and YouTube Music Premium stands at $107.99 and $89.99, respectively, in a promotional offer, which ends on Jan 23.
...

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efficentupup

wrote a post·Jan 20, 2022 02:16

Intel, ASML strengthen collaboration on high-end manufacturing

$Intel(INTC.US)$ and $ASML Holding(ASML.US)$ announced on Wednesday that the long-standing collaboration between the two companies will continue, with Intel buying the first TWINSCAN EXE:5200 system, an extreme ultraviolet high-production system that generates more than 200 wafers per hour productive and continues their lengthy High-NA deal.
In a statement, ASML President and CTO Martin van den Brink said that Intel's commitment to ...

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efficentupup

wrote a post·Jan 20, 2022 02:46

US Treasury Secretary Yellen believes Omicron will not derail the US economic recovery

$S&P 500 Index(.SPX.US)$ US Treasury Secretary Janet Yellen said she did not expect the Omicron variant of coronavirus to undermine the sustained economic recovery. "Yes, Omicron poses a challenge and may affect some data in the coming months," Yellen said in a speech at the U.S. mayors' meeting on Wednesday. "But I believe it will not derail one of the strongest periods of economic growth in a century." $Invesco QQQ Trust(QQQ.US)$ $Dow Jones Industrial Average(.DJI.US)$ $Nasdaq Composite Index(.IXIC.US)$ $SPDR S&P 500 ETF(SPY.US)$

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wrote a post·Jan 20, 2022 02:46

Ford recalled 200000 cars due to brake light problems

$Ford Motor(F.US)$ Ford Motor Company of the United States announced the recall of about 200000 vehicles due to brake light problems. The recalled models include 2014 and 2015 Ford "fusion", Lincoln MKZ medium-sized vehicle and some 2015 "Mustang".

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efficentupup

wrote a post·Jan 20, 2022 02:47

Up more than 16%! Ruixing coffee is going back to NASDAQ

$Luckin Coffee(LKNCY.US)$ Two people familiar with the matter disclosed that Ruixing coffee, which is currently listed on the US stock powder market, is studying a plan to re list on Nasdaq, which may be carried out as soon as the end of this year. Ruixing coffee closed up more than 16% at $11.50 in the powder market.

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wrote a post·Jan 20, 2022 03:39

Morgan Stanley's annual revenue and profit in 2021 hit a record high

$Morgan Stanley(MS.US)$ On Wednesday morning local time, Morgan Stanley, the last of the six major Wall Street banks, released the fourth quarter report of fiscal 2021. According to the data, Morgan Stanley achieved a revenue of US $14.52 billion in Q4 in 2021, basically the same as the previous two quarters, slightly lower than the expectation of US $14.6 billion; The net profit was $3.696 billion, equivalent to EPS $2.01, and...

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wrote a post·Jan 20, 2022 03:41

To replicate Naifei's success, Disney set up a new Department to practice the localization strategy

$Disney(DIS.US)$ $Netflix(NFLX.US)$ Entertainment giant Disney announced that it has established an international content group to expand its streaming services in different markets. This newly established department will be headed by Rebecca Campbell, an executive of Disney's streaming media business, who will report directly to Bob chapek, Disney's CEO.

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wrote a post·Jan 21, 2022 03:03

Senate committee votes to advance major tech antitrust bill

KEY POINTS
- The Senate Judiciary Committee voted 16-6 on a bipartisan basis Thursday to advance a major tech competition bill.
- Some experts consider the American Innovation and Choice Online Act legislators’ best shot at making substantial reform to laws that govern Big Tech.
- If passed, the bill would have significant implications for Amazon, Apple and Google in particular.
The bill prohibits dominant platforms, defined by crite...