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Hitoshi Yamada | NurPhoto | Getty Images Pepper, a humanoid robot developed by SoftBank Group Corp., moves around on its own to guide passengers at sushi shop in Tokyo, Japan. The barriers to entry in the robotics industry are coming down, opening up many untapped investment opportunities in that space, …
Read More »Monthly Archives: March 2019
McDonald’s announces acquisition to personalize the drive thru
David Paul Morris | Bloomberg | Getty Images A customer waits for an order at the drive-thru of a McDonald’s Corp. restaurant in San Pablo, California. McDonald’s announced plans to acquire a tech company — its largest deal in 20 years — as it continues to push its U.S. locations …
Read More »Bond market says a recession is coming, and the Fed will cut rates
The bond market doubled down on scary warnings Monday, signaling both a possible recession is looming and that the Fed could have to cut interest rates this year to stop it. “People are starting to get fearful,” said Andrew Brenner of National Alliance. “It won’t last for long, but they’re …
Read More »Apple services announcement lacking critical details
Getty Images Apple Inc. CEO Tim Cook speaks during a company product launch event at the Steve Jobs Theater at Apple Park on March 25, 2019 in Cupertino, California. Apple CEO Tim Cook began Monday’s highly anticipated event at the Steve Jobs Theater by defining the word “services.” The conceit …
Read More »Stocks typically outperform for a long time even when the bond market is flashing recession signal
Even so, the inversion has occured and analysts see reason for some caution. But Bespoke co-founder Paul Hickey said stock investors should not panic over the preliminary inversion of the curve. “Just looking at it, I don’t think that by itself it’s a major short-term concern. You have to see …
Read More »Goldman Sachs CEO says Apple Card ‘completely changes the credit card experience’
Simon Dawson | Bloomberg | Getty Images David Solomon, chief executive officer of Goldman Sachs & Co. Goldman Sachs CEO David Solomon said that the new jointly-created Apple Card is a major step in its journey to becoming a player in the consumer finance industry. Solomon, who attended Apple’s Monday …
Read More »DOT forms special committee to review FAA’s aircraft approval process
Lindsey Wasson | Reuters An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. The U.S. Department of Transportation is setting up a committee to review how the Federal Aviation Administration approves new aircraft as scrutiny mounts …
Read More »What it costs and how it works
Michael Short | Getty Images Roger Rosner, vice president of applications at Apple Inc., speaks during a company product launch event at the Steve Jobs Theater at Apple Park on March 25, 2019 in Cupertino, California. Apple just announced its subscription news service, called Apple News+, amid a broad push …
Read More »Bayer, J&J settle blood thinner Xarelto litigation for $775 million
Krisztian Bocsi | Bloomberg | Getty Images The Bayer AG logo sits on the exterior of the drugmaker’s offices in Berlin, Germany, on Friday, Dec. 1, 2017. Bayer and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits over their blockbuster blood thinner Xarelto for a total …
Read More »British Airways flight bound for Germany lands in Scotland by mistake
Pasal Pavani | AFP | Getty Images An Airbus A320 of British Airways airline takes off from the Toulouse-Blagnac airport, near Toulouse, on October 19, 2017. The flight on Monday seemed to go perfectly well, until passengers realized that their plane had landed in both the wrong city and the …
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