Day: October 18, 2017

Apple ( AAPL ) and General Electric ( GE ) on Wednesday announced a pact to make it easier to create apps for monitoring factories and industrial machines on the go. The two components of the Dow Jones industrial average unveiled a software development kit that will let developers make native industrial Internet of Things (IoT)... Read More

Canada’s benchmark index looked set to open higher on Wednesday, helped by rising oil prices . Stock futures for the December quarter on the S&P TSX index were up 0.1% recently. Action Economics ( AE ) said oil prices climbed following API inventory data, which revealed a 7.1 million barrel decline in U.S. crude inventories, versus expectations for a 4... Read More

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google has dabbled in physical retail before, but not like this. In 2015, the search giant opened its first store-within-a-store locations, mostly inside of big-box retailers. Last year, Google opened its first Google Shop, a pop-up shop in New York City that was primarily intended as a way for consumers to experience the first-generation Pixel and... Read More

On Oct 16, we issued an updated research report on Meritor Inc. MTOR . On Aug 3, Meritor reported adjusted earnings per share of 64 cents for third-quarter fiscal 2017 (ended Jun 30, 2017), comfortably beating the Zacks Consensus Estimate of 44 cents. Quarterly revenues rose 9% year over year to $920 million. Thus, the top line too significantly surpassed... Read More

Whether you have Comcast (NASDAQ: CMCSA) as your cable provider or a smaller, lesser-known carrier, you still may pay dearly for your pay-TV package. According to a new filing with the Federal Communications Commission (FCC) by the American Cable Association (ACA), that is because the cable giant forces its smaller rivals to offer Comcast’s array of channels, preventing them from... Read More

Recovering from the hurricanes, U.S. homebuilders’ confidence gained 4 points from the previous month in October, resulting in a confidence level of 68 – the highest since May 2017. Also, it improved from the year-ago figure of 63. The National Association of Home Builders or NAHB/Wells Fargo Housing Market Index (HMI) includes builder perceptions of current single-family home sales, sales... Read More

The TSX is up 18 points on mixed sectors with industrials (+1.26%) leading gains. The sector has been boosted by CP Rail (CP.TO), which has gained 5.6% so far on its Q3 earnings beat. Miners are the biggest decliner, shedding 1.03% on lower metals prices. Crude oil has edged past US$52 and is now trading at US$52.20. Oil prices have... Read More

Apple ( AAPL ) and General Electric ( GE ) on Wednesday announced a pact to harness the predictive data and analytical capabilities of GE’s industrial internet platform via iPhone and iPad apps. The two components of the Dow Jones industrial average unveiled a software development kit (SDK) based on Predix, GE’s industrial Internet of Things... Read More

Boondoggle (noun): work or activity that is wasteful or pointless but gives the appearance of having value. It’s hard to argue Tesla ‘s (NASDAQ: TSLA) acquisition of SolarCity has been anything but a boondoggle of epic proportion. In less than a year, Tesla has shrunk SolarCity’s business, laid off thousands of installers , and scrapped most of the company’s manufacturing... Read More

Stock futures are set to open at record highs again on Wednesday with the Dow outperforming following upbeat Q3 results from component stock International Business Machines ( IBM ). Global stocks are also bolstered by the commencement of China’s Communist Party Congress as well as the likelihood that members of the European Central Bank will continue to endorse accommodative monetary... Read More