Wednesday, 15 July 2020

Amazon's market cap of $1.59 trillion as of Friday's close fell

Amazon has lost as much as $113 billion in market value in three days this week, representing a decline of 7%.

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Amazon's market cap of $1.59 trillion as of Friday's close fell to an intraday low of $1.48 trillion on Wednesday, according to data from Bloomberg.

The drop in Amazon hasn't deterred Robinhood investors. From Monday to Wednesday afternoon, more than 16,000 Robinhood traders bought shares of Amazon, representing an increase of nearly 5%, according to data from Robintrack.net. This suggests investors are actively buying the dip in Amazon.

Tuesday, 14 July 2020

Internet connectivity is “especially crucial today

At the same time, the senator said the committee is still expecting submission of the guidance and initiatives of the Department of Information and Communications Technology (DICT) “so that acquiring permits to build a cell tower will take a shorter time, as mandated by the Anti-Red Tape Act [Arta].”

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Poe pointed out that had the Arta been properly implemented in this regard, it would have helped boost the country’s overall  Internet speed. “Improving the country’s Internet connectivity is a pressing challenge and it is only fitting that we work hand in hand to make this happen,” she added.

Moreover, the senator noted that while there are at last count around 73 million Internet users in the Philippines, as many as 30 percent of Filipinos have no access to the Internet using a cell phone, compared to the 12-percent average among Asean countries. The numbers are even lower for fixed broadband, as a measly 4 percent of Filipinos are able to subscribe to the service while the regional average stands at 10 percent.

Monday, 13 July 2020

Arm has found a niche as a neutral designer of the microprocessors

Few companies could afford to buy all of Arm without intense regulatory scrutiny. Arm has found a niche as a neutral designer of the microprocessors that works with many of the largest equipment manufacturers, including the majority of the world’s smartphones. Apple, Samsung and Qualcomm all use Arm technology in various ways.

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There have been few large semiconductor deals in recent years after a flurry of consolidation from 2014 to 2016. Part of the slowdown in recent years is related to CFIUS (The Committee on Foreign Investment in the United States) concerns about sharing technology with Chinese companies. Still, Analog Devices announced it planned to acquire Maxim Integrated Products for about $21 billion on Monday -- a deal that could bring activity back to the market.

Friday, 10 July 2020

The next coronavirus stimulus relief package could cap unemployment benefits

Treasury Secretary Steven Mnuchin on Thursday expressed support for extending unemployment benefits to Americans who are still suffering from the economic consequences of the coronavirus. But he was adamant those benefits will likely be reduced from current levels to encourage people to go back to work.

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Why Enhanced Unemployment Benefits Might be Cut
In an interview on CNBC, Mnuchin said he favors extending enhanced unemployment benefits beyond their scheduled July 31 expiration, but he said any extension must protect both employers and employees.

Tuesday, 7 July 2020

Microsoft named ONE Championship’s preferred cloud provider

The largest global sports media property in Asian history, ONE Championship™ (ONE) and Microsoft Corp. (Microsoft) today announced a strategic partnership to harness the Microsoft cloud, including Microsoft Azure and Microsoft 365, to transform digital fan experiences and enhance collaboration for employees. Microsoft is now ONE’s preferred cloud and data services provider, powering its digital transformation and accelerating innovation across all touchpoints.

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Microsoft and ONE, through this alliance, are co-investing in digital fan experience transformation. The partnership is set to further enhance ONE’s position as a leading global sports media property and further execute its vision to engage fans through its unique brand of Asian values, world-class athletes and global appeal. As ONE accelerates its digital journey, the company will leverage the power of the cloud and data to build new capabilities and deliver cutting-edge digital experiences for its millions of fans around the world.

Monday, 6 July 2020

Record surges in regulated Bitcoin options market volume

The overall trend which was also observed in the spot markets can be partially explained by the lack of volatility currently seen in Bitcoin and the majority of crypto assets within the market. There are a few exceptions like DeFi tokens, which have outperformed Bitcoin (BTC) considerably in the last month.

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Despite the drop in overall volumes for the derivatives markets, regulated options seem to be gaining popularity. In June, the total volume for Bitcoin options on the Chicago Mercantile Exchange (CME) rose by 41% to reach another all-time monthly high with 8,444 contracts traded. Meanwhile, BTC futures traded on CME decreased by 23% in June which was still the second biggest month in 2020.