The "Global Computer Vision Market by Product Type, Component, Application, Vertical and Region: Industry Analysis and Forecast 2020-2026" report has been added to ResearchAndMarkets.com's offering.
Stock futures drifted lower Wednesday morning as investors considered whether lawmakers would manage to pass a stimulus package sometime this week.
Licypriya Kangujam and Aarav Seth put in back of police van after demonstrating in New Delhi, which is often blanketed in thick smog
A lax summer and a fractured political system have left Belgium facing a second COVID-19 wave potentially as serious as the first, with the health minister warning of a "tsunami". Belgium's more than 10,000 deaths mean the country of 11 million people already has among the world's highest fatality rates per capita. Like other Western European countries, it sharply curbed infections with a severe lockdown before the summer, only to see caseloads rise again sharply in recent weeks as children returned to school and the weather turned colder.
Reaching the million-dollar mark by retirement age is a challenge, but it's not impossible. There are approximately 233,000 people with at least $1 million in their 401(k) accounts, according to research from Fidelity Investments. Although saving a substantial amount of money for retirement is easier if you start earlier in life, you can still retire a millionaire even if you're off to a late start.
(Bloomberg) -- The U.S. government’s antitrust case against Google follows a similar path to its attack on Microsoft Corp. more than 20 years ago -- and that should make the internet giant nervous.The suit focuses on payments Google makes to ensure its search engine is the default on mobile phones and web browsers. Google’s dominant market share and massive revenue allows it to spend billions of dollars a year on these deals, blocking out competitors from the valuable placements and limiting consumer choice, the Justice Department alleged.It’s a similar argument the government made against Microsoft when it alleged in 1998 that the software company was requiring computer makers to set its web browser as the default on their machines. That lawsuit dragged on for years, distracted executives and helped Microsoft competitors -- Google among them.Shares of Google parent Alphabet Inc. rose after the complaint came out as analysts argued getting rid of the payments may save the company money. But antitrust experts said the government’s case lays out a straightforward path to beating the tech giant in court. The stock was up about 2% to $1,583.36 as the market opened in New York on Wednesday.“The choice to mimic the successful strategy in Microsoft makes sense,” said Rebecca Allensworth, a law professor at Vanderbilt University. “The complaint focuses on a simple story that fits neatly into existing antitrust doctrine, does not require the adoption of novel theories of competition law, and avoids a ‘kitchen sink’ problem of listing all the potential ways in which Google acts in anticompetitive ways.”Read the full complaint against Google here.The Justice Department will try to paint a simple picture of Google using these default deals to block search rivals, while the company’s argument is more complex, according to Dan Wang, an associate professor at Columbia Business School.“The burden in many ways is on Google to show how its complex technology is benefiting consumers,” he added. “They must explain how Google’s scale improves the search engine and why there should be one main provider. This will be hard in court.”Google was quick to defend itself. The search distribution agreements it signs are similar to when a cereal brand pays a grocery store to appear on prominent end-cap displays at the end of aisles or an “eye level shelf,” Kent Walker, Google’s senior vice president of global affairs, argued in a blog post. Consumers have easy access to Google competitors, they just choose the search engine because it’s the best, he added.That’s not quite right, said Gary Reback, an antitrust lawyer with Carr & Ferrell LLP who has argued against the power of Microsoft and Google for years. Google has 90% of the search engine market and is a household name, so it won’t be difficult to establish that the company has a monopoly, Reback said.“It’s not just Google has a better shelf and its competitor is on the next shelf,” Reback said. “It’s that Google has all the shelves and its competitor is in a different store in a bad neighborhood 400 miles away.”Google also stressed that its conduct doesn’t raise prices for consumers, and said changing the way it does business may actually increase prices. For example, it has given its Android operating system free to phone makers that agree to pre-install Google services including Search and Chrome. If it can’t make money that way, it would be forced to charge for Android. Indeed, when European regulators cracked down on these Android deals in 2018, the company started charging phone makers to license the Google suite of apps.However, the U.S. government’s case, just like the Microsoft lawsuit before it, doesn’t have to specifically prove that Google’s behavior increases prices, said John Newman, who teaches antitrust law at University of Miami School of Law.The harm to consumers isn’t higher prices but harm to innovation, which was the same allegation in the Microsoft case, he said. “There is harm to the competitive process,” he said. “That’s running throughout this complaint. To me it’s pretty compelling.”And just because the government’s case is narrowly focused on search distribution agreements, it doesn’t mean that the end result of the lawsuit would be confined to banning those deals, Reback said.The government left itself lots of leeway to propose remedies. It asked the court to consider major changes to fix the competitive landscape such as “structural relief” -- a legal term that includes forced spinoffs or breakups.Ryan Shores, a DOJ antitrust litigator and senior advisor for technology industries, echoed that warning during a call with reporters Tuesday. “Nothing’s off the table,” he said.(Updates with Google shares in fourth paragraph.)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.
President has intensified attacks on senator Harris in recent weeks
This painting technique has hypnotizing results
Kroll Bond Rating Agency Europe (KBRA) releases an updated research report on the UK building society sector amid the coronavirus (COVID-19) pandemic. KBRA believes the overall creditworthiness of the sector remains resilient despite a significant shock delivered by the pandemic to the UK economy and the ongoing Brexit-related economic vulnerabilities.
The "World - Tiles Of Cement, Concrete Or Artificial Stone - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.
(Bloomberg) -- Treasuries slid alongside the dollar amid speculation that Washington lawmakers will make progress on talks for stimulus legislation to be financed by trillion-dollar borrowing. U.S. stocks were little changed.The U.S. 10-year yield broke above 0.8% to the highest since June and European yields also rose after Democratic House Speaker Nancy Pelosi expressed hope for political compromise on a bill this week. The S&P 500 fluctuated. Netflix Inc. tumbled after missing subscriber estimates. Tesla Inc. was mixed before financial results later Wednesday, and social-media company Snap Inc. soared after an earnings beat.European stocks slumped for a third day, with gold miners Fresnillo Plc and Centamin Plc falling after cutting production guidance. Telecom equipment maker Ericsson was a bright spot, climbing after a profit beat.Pelosi said Tuesday she also hoped that fresh stimulus spending would be retroactive, although the Republican Senate majority leader has warned the White House against a bigger Democrat-led deal before the election. The administration said it hopes to get a deal in the next 48 hours and that its offer is now up to $1.88 trillion, below the $2.2 trillion Pelosi has pushed for.“The rise in yields suggests that the market thinks a stimulus deal will be forthcoming and that the Democrats are set to take both the presidency and the Senate at the Nov. 3 election,” said John Hardy, chief foreign-exchange strategist at Saxo Bank.Elsewhere, the yen headed for its best day versus the dollar since August. The pound jumped after European Union chief Brexit negotiator Michel Barnier said a deal is within reach. Copper traded near a two-year high on supply disruptions in Chile.Oil dropped toward $41 a barrel in New York after an industry report pointed to a surprise increase in American crude stockpiles.Here are some key events this week:Brexit trade talks are likely to continue at least into next week if the U.K. and EU fail to reach an agreement.The final presidential debate before the U.S. election, between President Donald Trump and former Vice President Joe Biden, will be live from Nashville, Tennessee on Thursday.U.S. jobless claims come Thursday.Here are some of the main market moves:StocksThe S&P 500 Index fell less than 0.1% as of 9:31 a.m. New York time.The Stoxx Europe 600 Index decreased 0.9%.The MSCI Asia Pacific Index rose 0.7%.The MSCI Emerging Market Index gained 0.3%.CurrenciesThe Bloomberg Dollar Spot Index dipped 0.4% to 1,159.24.The euro increased 0.3% to $1.186.The British pound surged 1% to $1.3078.The Japanese yen strengthened 0.7% to 104.75 per dollar.BondsThe yield on 10-year Treasuries jumped three basis points to 0.82%.The yield on two-year Treasuries climbed one basis point to 0.15%.Germany’s 10-year yield gained one basis point to -0.59%.Britain’s 10-year yield climbed four basis points to 0.231%.CommoditiesWest Texas Intermediate crude dipped 1.4% to $41.11 a barrel.Gold strengthened 0.8% to $1,921.76 an ounce.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.
Now may not be the time to start depending on one single, troubled company to proverbially thread the needle.
Britain's new polar ship, the Sir David Attenborough, will leave for sea trials on Wednesday to be put through its paces before making its maiden voyage to Antarctica late next year to boost research into climate change. It will spend two weeks at sea off the coast of North Wales for technical trials before the shipyard formally hands it over. The British Antarctic Survey (BAS) will operate the ship, carrying out ice trials in the Arctic in early 2021 before it journeys to the Antarctic next November, where the BAS say it will transform UK research in polar regions.
Allego, provider of the market-leading learning and enablement platform for sales and other business-critical teams, today announced that it has been recognized by Chief Learning Officer magazine’s Learning in Practice Awards for demonstrating Excellence in E-Learning. The company was selected for its work with a global enterprise software organization that used the Allego platform to transform sales enablement across the business, ultimately creating a more effective sales operation.
The "World - Water Pigments For Finishing Leather, Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.
Heather Bellini from Goldman Sachs joins Deep Instinct cybersecurity company as CFO
Natural Gas Utilities market will register an incremental spend of about USD 259 billion, growing at a CAGR of 5.11%.
Downing Strategic Micro-Cap Investment Trust Plc LEI Code: 213800QMYPUW4POFFX69 Net Asset Value The Company announces: Total Assets (including unaudited revenue reserves) at 20 October 2020£37.50m Net Assets (including unaudited revenue reserves) at 20 October 2020£37.50m Number of shares in issue (excluding treasury):54,369,487 The Net Asset Value (NAV) per share at 20 October 2020 was: Per Ordinary share (bid price) - including unaudited current period revenue *68.97p Per Ordinary share (bid price) - excluding current period revenue *68.32p Ordinary share price 55.00p Premium/(Discount) to NAV (including current period revenue)(20.25%) * Current period revenue covers the period 01/03/2020 to 20/10/2020
America’s educators see an urgent need to provide greater social-emotional support to students as COVID-19 amplifies the increasing prevalence of grief in our nation’s schools, according to a national survey of educators released today by the New York Life Foundation and the American Federation of Teachers (AFT).
(Bloomberg) -- For Bank of England policy makers surveying Britain’s crippled economy, the pieces are falling into place for further monetary easing in November.Inflation has now been at less than half the central bank’s 2% target for six months, adding to dire evidence of a dramatic slowing in the economic recovery and surging job cuts. Those shifts all transpired even before new Covid-19 restrictions were imposed on large swathes of the U.K. and the government moved closer to a no-deal Brexit.Rate setter Gertjan Vlieghe, often seen as a bellwether of the Monetary Policy Committee, captured the mood in a speech Tuesday that described his stance as skewed toward more stimulus for one of the advanced world’s worst-hit economies. In that view, he joins Michael Saunders, the official whose vote has presaged every move by the group, and his colleague Jonathan Haskel.Consumer price data on Wednesday may only have hardened such positions. Though inflation picked up in September, the acceleration to 0.5% was weaker than expected and is likely to give policy makers a further nudge toward bolstering asset purchases on Nov. 5.“In addition to the renewed concerns about the Covid-19 impact, as well as the forthcoming end to the post-Brexit transition period, this lack of inflationary pressure is likely to push the BOE toward further stimulus in November,” said James Smith, an economist at ING Group NV.He expects policy makers to add 100 billion pounds ($130 billion) to their quantitative easing program, currently totaling 745 billion pounds in assets.While BOE Governor Andrew Bailey has indicated some flexibility around the central bank’s inflation target, he has also emphasized that he stands ready to act, and has the firepower to do so.Deputy Governor Dave Ramsden reiterated that view Wednesday, stating that they have “considerable headroom” to boost the program and could even change the rules constraining purchases of particular securities if needed.The BOE has already expanded bond buying and slashed interest rates to a record-low 0.1% since the virus hit Britain. It has also added the prospect of negative rates in its toolkit, although Bailey has said that such a move is not imminent.A Bloomberg Economics gauge that integrates high-frequency data such as mobility, energy consumption and public transport usage found that, after gaining traction in the latter half of September, activity weakened again in October. After Canada, the U.K. is the worst-performing advanced economy tracked by BE.Job cuts are only exacerbating that. Sandwich chain Pret A Manger said this week it will close six more U.K. stores and eliminate as many as 400 positions, on top of 2,800 staff losses already announced. Pub chain Marston’s Plc says it could cut around 2,150 pub-based positions currently subject to furlough.The U.K. faces significant further economic headwinds in the coming months. After a national lockdown that left the economy in its deepest-ever quarterly contraction, a fresh surge in coronavirus infections has prompted new curbs. Greater Manchester will enter the highest level of restrictions on Friday, while Northern Ireland and Wales have imposed so-called “circuit breakers.”What Our Economists Say:A sustainable return to the BOE’s 2% target will take time and will require more stimulus to get there. We’ve penciled in an extra 100 billion pounds of asset purchases.\--Dan Hanson. Click here for the full U.K. REACTThe economy faces further stress as it nears the end of its transition out of the European Union. About half of U.K. firms are less prepared for Brexit compared to last year due to the impact of the pandemic, and the prospect of a trade deal looks increasingly shaky with negotiations on the rocks.A summary of independent projections compiled by the government found the average of new forecasts is for 10.2% contraction this year, followed by a 6.3% recovery in 2021. That’s a weaker outlook than just a month ago.“Inflationary pressures are few and far between,” said Robert Alster, an analyst at Close Brothers Asset Management. “The BOE may feel growing pressure to take action.”(Updates with Ramsden comments in eighth paragraph)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.