Huge Miss on May US jobs report adds 138,000 jobs, failing to meet expectations and More News | $AVGO, $LULU, $FIVE, $RH, $WTI

Huge Miss on May US jobs report adds 138,000 jobs, failing to meet expectations and More News | $AVGO, $LULU, $FIVE, $RH, $WTI

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Trending News Headlines
1. Slower Hiring, Lower Unemployment Offer Mixed U.S. Labor Signs

The U.S. labor market gave mixed signals in May, with a decline in the unemployment rate to a 16-year low contrasting with below-forecast hiring and wage growth, Labor Department figures showed Friday.

2. New York AG Alleges Exxon Misled Investors on Climate

New York’s attorney general alleged in court papers Friday that Exxon Mobil may have misled investors about how it accounts for the impact of climate change on its operations by using internal estimates that differed from its public statements.

3. Lisa Abramowicz on Twitter

“After the disappointing May jobs report, the U.S. yield curve flattens considerably.”

4. Endocyte Announces Clinical Updates for EC1456 and EC1169

– Company Continuing EC1169 Program in Taxane-Exposed Patients, but Ending Clinical Development of EC1456 and of EC1169 in Taxane-Naïve Patients –

5. Wall Street Has More Bad News for OPEC: 2018 Doesn’t Look Great

As oil prices sag despite OPEC’s renewed efforts to shore up world crude markets, Wall Street banks have more bad news for the producer group: the outlook for next year isn’t great either.

6. UK PM May’s lead over Labour shrinks to 5 points: Ipsos MORI poll

British Prime Minister Theresa May’s lead over the opposition Labour party has shrunk to five points from 15 points just over two weeks ago, an opinion poll from Ipsos MORI showed on Friday.

7. Oil prices drop amid glut concerns, U.S. withdrawal from climate deal

Oil prices tumbled below $50 on Friday amid worries that U.S. President Donald Trump’s decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply.

Technology News
    As part of the historic Paris Accord these countries banded together to support serious climate action and commit to keeping global temperatures from rising more than two degrees celsius.
    As more of our travel shifts into shared cars the ability to rapidly convert the fleet to higher efficiency and electric vehicles accelerates.
    Time is short and continued American leadership both from the private and public sectors on the climate issue is the only way we will secure the future of our planet.
    The company confirmed that the attack appears to have started at PT but staff were alerted of unusual database activity some seven hours later who within minutes shut down the affected instance as well as the AWS keys that were used to create it.
    The threat actor was able to access database tables that contain information about users apps and various types of keys the company said.
    According to its website dozens of major multinationals including ARM Dun Bradstreet The Carlyle Group Conde Nast and Dropbox which a spokesperson disputed in an email are customers.
    Recently the food safety practices and procedures in the meat processing industry have been subject to more intense scrutiny and oversight by the USDA and future outbreaks of diseases among cattle poultry or pigs could lead to further governmental regulation of our business or of our suppliers.
    Failure to comply with all applicable laws and regulations could subject us or our suppliers to civil remedies including fines injunctions product recalls or seizures and criminal sanctions any of which could have a material adverse effect on our business financial condition and operating results.
    Food companies in the are subject to government inspection with or without notice at any time with concomitant responsibility to provide access to facilities and equipment produce extensive operational documentation and furnish product packaging and labeling samples for governmental examination.
    OneLogin staff was alerted of unusual database activity around am PST and within minutes shut down the affected instance as well as the AWS keys that were used to create it.
    Alvaro has over years in the IT sector and prior to joining OneLogin helped startups SMBs and Fortune companies with their security and data privacy compliance efforts.
    His commentary and articles have been featured in several publications including CIO CSO Network World Infosecurity eWeek and Help Net Security.
    On Thursday Stripe launched Sigma a tool to help its customers analyze and make sense of the vast amounts of payments data that flows in and out of its service.
    Somebody in the company financial department taught themselves SQL got the hang of Sigma and used it to figure out a way to speed up the monthly close of the sales process by a full day Collison says.
    Rather as with the Stripe Radar fraud prevention tool the startup just heard that customers were having problems running their business online that they could otherwise solve.
    The company confirmed that the attack appears to have started at PT but staff were alerted of unusual database activity some seven hours later who within minutes shut down the affected instance as well as the AWS keys that were used to create it.
    The threat actor was able to access database tables that contain information about users apps and various types of keys the company said.
    According to its website dozens of major multinationals including ARM Dun Bradstreet The Carlyle Group Conde Nast and Dropbox which a spokesperson disputed in an email are customers.

 

11. Huge Miss on May US jobs report adds 138,000 jobs, failing to meet expectations

As previewed last night, the jobs “whisper” risk was to the downside, and in what was a very disappointing print released moments ago by the BLS, the whisper was spot on with only 138K jobs added in May, far below the 185K estimate, and below the lowest estimate of 140K. This was the second lowest print going back all the way to last October. Additionally, April’s big beat of 211K was revised substantially lower to only 174K, suggesting that any expectation the Fed may have had of “evidence” the recent economic slowdown was transitory was just crushed.

$PANW Palo Alto Networks stock jumps 13 percent as revenue and profit top estimates

$PANW Palo Alto Networks stock jumps 13 percent as revenue and profit top estimates

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Trending News Headlines
1. PPG Drops Takeover Bid for Akzo Nobel

Paint giant PPG Industries dropped its $27.6 billion takeover pursuit of Akzo Nobel, ending an unusually bitter trans-Atlantic standoff between two of the world’s oldest industrial companies.

2. Cancer meeting to provide clues on future immunotherapy combos

As a wider range of drugs that enlist the body’s immune system to fight cancer become available, clues about which combinations will prove most effective are expected at the upcoming meeting of the American Society of Clinical Oncology. The ASCO meeting, which starts Friday in Chicago, draws tens

3. Cable giant Charter snubbed a buyout bid from Verizon

Verizon boss Lowell McAdam, his company facing slowing sales of mobile phones, made a proposal to acquire cable-TV giant Charter Communications in recent months, three sources told The Post. The of…

4. The Whistleblower Behind Caterpillar’s Massive Tax Headache Could Make $600 Million

The construction giant faces a $2 billion IRS bill and possible criminal charges, while the accountant who tipped off the feds stands to make a windfall.

5. American Express Nabs Hilton Credit-Card Deal in Needed Win

American Express has won the rights to become the exclusive issuer of Hilton credit cards in a much-needed victory for the card issuer.

6. Deere to Buy Road-Equipment Maker Wirtgen for $5.2 Billion Cash

Deere & Co. plans to buy Wirtgen Group, a German maker of road-construction equipment, for 4.6 billion euros ($5.2 billion).

7. Apple announces it has paid App Store developers more than $70 billion, downloads up 70% YOY

Ahead of its developer conference next week, Apple has announced that all-time earnings from App Store developers have topped $70 billion. The App Store launched with iPhone OS 2 in 2008 and has ex…

Technology News
    ET President Donald Trump said he would make an announcement Thursday on the Paris climate treaty with three White House officials saying he is expected to withdraw from the accord although they cautioned that the situation may yet change.
    The president said on Twitter late Wednesday that he will announce his decision Thursday afternoon at the White House Rose Garden.
    Under the accord countries committed to cutting.
    The appeals from chief executives such as Tesla Elon Musk Tim Cook of Apple and Dow Chemical Andrew Liveris come as advisers also present him with closing arguments on the potential risks and rewards of remaining a party to the global pact.
    The executives are trying to capitalize on America first ideology by warning that a withdrawal would put the at a disadvantage in a global race to develop and deploy technology potentially ceding that market opportunity to China the top emitter of greenhouse gas emissions.
    A television advertisement that began running Wednesday cites of biggest CEOs including JPMorgan Chase Jamie Dimon and General Electric Jeffrey Immelt as backing the climate pact because it will benefit American manufacturing and generate jobs.
    Hillary Rodham Clinton has spent four decades in public service as an advocate attorney First Lady.
    In Clinton became the first woman nominated for president by a major political party she won the national popular vote earning the support of nearly million Americans.
    She is the author of five books including It Takes a Village.
    Appearing onstage at the CodeConference Clinton pointed to a report by the top intelligence agencies released in January which found Russia sought to and the election.
    The FBI is still investigating ties between agents of Moscow and the Trump administration but Clinton said Tuesday she is in a direction that suggests the two coordinated.
    She said the document dump only came an hour after a story in the Washington Post unearthed a tape of Trump making a controversial comment about women on the set of Access Hollywood.
    To do that a trove of internal documents shows Uber burned vast sums of money to subsidize growth sometimes well over million a week in San Francisco alone.
    If you burn enough up front and get those economies of scale and enough people using it then at a certain point finally going to get to a place where you have enough demand density a former Uber employee who worked on Pool in a major US market told BuzzFeed News.
    pull competitor drivers to our platform we need to offer better earnings potential now that Lyft trips per hour is comparable an internal document noted.
    To do that a trove of internal documents shows Uber burned vast sums of money to subsidize growth sometimes well over million a week in San Francisco alone.
    If you burn enough up front and get those economies of scale and enough people using it then at a certain point finally going to get to a place where you have enough demand density a former Uber employee who worked on Pool in a major US market told BuzzFeed News.
    pull competitor drivers to our platform we need to offer better earnings potential now that Lyft trips per hour is comparable an internal document noted.
    Unprotected by even a password the plaintext information in the publicly exposed Amazon bucket contained what appear to be the Secure Shell SSH keys of a BAH engineer as well as credentials granting administrative access to at least one data operating system.
    Due to the diligent work of Chris Vickery on behalf of UpGuard and the rapid response of the NGA to his notification a potentially catastrophic breach of systems dealing with the most sensitive corners of the US apparatus was averted.
    As the aforementioned voter rolls were at the time distributed under Mexican law to all political parties in the country the incident provides a relevant lesson information security is only as good as the weakest link in the chain.
    The country is stepping up efforts to manage the internet within its Agence Getty Images BEIJING As China moves to start enforcing a new cybersecurity law foreign companies face a major problem They know very little about it.
    Continue reading the main story is not ready because the implementation rules are not clear Chang said speaking at an event organized by the lobbying group to announce the results of its annual business confidence survey.
    Paul Triolo of the political risk consultancy Eurasia Group noted the decision to delay that component of the law saying in a report last week that the data flow issue right is a prerequisite for efforts to promote economic He wrote that China for the time being eager to avoid being seen as stifling digital.
    To do that a trove of internal documents shows Uber burned vast sums of money to subsidize growth sometimes well over million a week in San Francisco alone.
    If you burn enough up front and get those economies of scale and enough people using it then at a certain point finally going to get to a place where you have enough demand density a former Uber employee who worked on Pool in a major US market told BuzzFeed News.
    pull competitor drivers to our platform we need to offer better earnings potential now that Lyft trips per hour is comparable an internal document noted.

 

Google’s Waze Carpool expands throughout California in first big test | $GOOGL, $GOOG, $TSLA, $AMZN, $WDC and more

Google’s Waze Carpool expands throughout California in first big test | $GOOGL, $GOOG, $TSLA, $AMZN, $WDC and more

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2. ADI:#BREAKING: Analog Devices $ADI Q2 Revenue, $1.21B vs. $1.1B expected

 

Trending News Headlines
1. Amicus Therapeutics Receives Rare Pediatric Disease Designation for SD-101 for Patients with Epidermolysis Bullosa

Designation Covers Broad Treatment of Epidermolysis Bullosa (EB)

2. Lilly Announces Phase 3 RANGE Urothelial Cancer Trial of CYRAMZA® (ramucirumab) Met Primary Endpoint, Improving Progression-Free Survival

INDIANAPOLIS, May 31, 2017 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) today announced that its Phase 3 RANGE…

3. Trillium Therapeutics Announces Presentation on TTI-621 Immune Checkpoint Inhibitor Targeting CD47 at 2017 ASCO Annual Meeting

May 31, 2017 07:00 ET

4. Market Participants In Disbelief

Many are in disbelief of the market action, the indices continue to print highs while a majority of stocks are not following suit. It feels …

5. Live: U.S. Politics

Live U.S. political coverage of President Donald Trump’s administration and key policies.

6. Trump pulling U.S. out of Paris climate deal: Axios report

U.S. President Donald Trump has decided to withdraw from the Paris climate accord, Axios news outlet reported on Wednesday, citing two unidentified sources with direct knowledge of the decision.

7. Scoop: Trump is pulling U.S. out of Paris climate deal

Details on how the withdrawal will be executed are being worked out

8. NXP Faces Investor Push to Renegotiate With Qualcomm

Investors including Elliott Management Corp. are seeking to pressure NXP Semiconductors NV to renegotiate with Qualcomm Inc. to persuade the U.S. company to raise its $110-a-share purchase offer, according to people familiar with the process.

Technology News
    everyone was focused on the latest headline crisis coming out of the White House Congress was able to roll back privacy said former Federal Communications Commission chairman Tom Wheeler who worked for nearly two years to pass the rules.
    The rules required Internet service providers to get explicit consent before they gather their data their browsing histories the locations of businesses they physically visit and the mobile applications they use and sell it to third parties.
    During the battle Flake and Blackburn received large campaign donations from eight of the major Internet providers and big tech companies that wanted to see the rules killed according to an analysis by the Center for Responsive Politics.
    The Supreme Court said companies give up their patent rights when they sell an item in a ruling that puts new limits on ability to prevent their products from being resold at a discount.
    Writing for the court Chief Justice John Roberts said sellers give up their patent rights even when the purchaser agrees not to resell the product to anyone else.
    On the other side were major Silicon Valley companies including Alphabet Google and Intel as well as sellers of refurbished auto parts and medical devices.
    the last few months Uber has provided significant evidence to the court to demonstrate that our technology has been built independently Angela Padilla associate general counsel for employment and litigation wrote in an email to employees.
    Judge William Alsup who is presiding over the Waymo versus Uber civil case referred the matter to the United States office to look into possible theft of trade secrets.
    Eric Meyhofer a former deputy of Levandowski will lead the autonomous vehicle project overseeing hundreds of engineers working in San Francisco Pittsburgh and soon in Toronto.
    His failure to pull off the deal indirectly left Ford struggling to voice an autonomous vehicle strategy that resonated with stakeholders and led to the emergence of Jim Hackett as his replacement as CEO.
    Sources with knowledge of the talks said the deal came undone because Fields enthusiasm for Wall Street reaction did mesh with Google desire to lay the groundwork for a quiet technical partnership in which each side learned from the other before deciding how to move forward.
    In a region where there are so many electric cars that office workers often argue over charging stations to plug in their Teslas and Nissan Leafs during the workday Fields showed up at Google with an army of staffers in a fleet of Lincoln Navigators.
    been busy making updates to improve their experience and ours is the latest and we think the most fun starting today Reddit users can geotag their posts with a specific venue or location adding context and interest.
    According to David Ban Foursquare director of business development Reddit team cares deeply about finding ways to enhance the creator experience on their platform and API is a natural addition providing key location context when.
    an feature and will never be required but it will allow redditors the ability to attach a venue whether your office HQ that faraway airport with a grammatically incorrect sign or when on site for breaking news.
    He wants to make Essential the first great gadget maker since Apple one that builds and distributes the open platform that will power the billions of phones watches light bulbs and toaster ovens about to come online.
    Jason Keats head of hardware architecture and noted prototyping Chavarria for WIRED People who buy an Essential phone he says want technology that works for them not the other way around.
    The team built a system that combines SmartThings HomeKit Nest and the rest futzing in the background with the public APIs in order to make everything work seamlessly together.
    The Supreme Court said companies give up their patent rights when they sell an item in a ruling that puts new limits on ability to prevent their products from being resold at a discount.
    Writing for the court Chief Justice John Roberts said sellers give up their patent rights even when the purchaser agrees not to resell the product to anyone else.
    On the other side were major Silicon Valley companies including Alphabet Google and Intel as well as sellers of refurbished auto parts and medical devices.

 

Goldman Sachs Upgrades AutoZone $AZO to Buy

Goldman Sachs Upgrades AutoZone $AZO to Buy

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2. ATW:$ESV to acquire $ATW in all-stock deal, $65M in expected annual synergies

 

Trending News Headlines
1. Exclusive: ECB to discuss closing door to extra stimulus next week – sources

European Central Bank policymakers are set to take a more benign view of the economy when they meet on June 8 and will even discuss dropping some of their pledges to ramp up stimulus if needed, four sources with direct knowledge of the discussions told Reuters.

2. Payment Processor First Data to Buy CardConnect for $750 Million

The move by First Data, which handles around $2.2 trillion worth of transactions annually, is its biggest since the company went public in 2015.

3. Brad Loncar on Twitter

“$BMY a couple of new combos announced today. $ADXS – DUAL+Opdivo in cervical cancer. $ARRY – binimetinib (MEK)+ Opdivo+Yervoy in CRC.”

Technology News
    During this phase a lot of financial capital flows into a sector which finances real innovation and accelerates the buildout of physical infrastructure.
    You get swept up in it are surrounded by others who are as well and a powerful internal logic takes hold where everything is evaluated only in relation to other parts of the bubble and not the world at large.
    Because of the focus on internal logic that I was describing above it is especially important to look beyond vanity metrics eg in the Dotcom Bubble it was pageviews or worse yet cumulative registered users.
    A solid team working on an interesting project which hit fit should be able to raise a few million dollars or if you prefer a couple of thousand bitcoin and then once their success is proven they might sell another tranche of tokens.
    It was too clunky too complicated too counterintuitive required jumping through too many hoops and dirty secret was that the mainstream solutions were in fact actually fine for most people.
    To quote my friend Shannon blockchain tech definitely seems like it has a adoption arc ahead of it going to be a bunch of doomed attempts to make it a consumer product while it gains dominance in vital.
    New bank accounts receiving thousands of wires from all over the world in minutes for millions of dollars would likely be frozen but a token sale paid in digital currency is always open for business.
    Because token launches can occur in any country the importance of coming to the United States in general or Silicon Valley Wall Street in particular to raise financing will diminish.
    After the early kinks are worked out the token launch model will provide a technically feasible way for tech companies and open source projects in general to spread the wealth and align their userbase behind their success.
    After started adding standalone pages for events like New York Fashion Week and shows like South Park Chung and his team noticed another behavior.
    Every episode of the popular Netflix series Gilmore Girls for example is pumped into an array of PC rigs which dice and tag the content into thousands of GIFs.
    definitely something become more of a priority at the company said investor Spencer Lazar who led General Catalyst participation in Giphy Series B C and D rounds of funding.
    While it may be convenient for you to ignore this given that it was done in an attempt to support your position it can not be the case that the FCC moves forward on such a major public debate without properly investigating this known attack the letter to Pai also said.
    The identical comments supporting Pai proposed rollback of net neutrality rules say The unprecedented regulatory power the Obama Administration imposed on the Internet is smothering innovation damaging the American economy and obstructing job creation.
    The plan currently under consideration at the FCC to repeal Obama Title II power grab is a positive step forward and will help to promote a truly free and open Internet for everyone.
    He wants to make Essential the first great gadget maker since Apple one that builds and distributes the open platform that will power the billions of phones watches light bulbs and toaster ovens about to come online.
    Rubin wants to build an open source infinitely extensible platform called Ambient OS that powers all the smart stuff in your home.
    The team built a system that combines SmartThings HomeKit Nest and the rest futzing in the background with the public APIs in order to make everything work seamlessly together.
    Photo Essential All that sounds great but it ignores some key facts in the smartphone space Apple and Samsung have it pretty locked up right now.
    Presumably grander ambitions are equally durable impossible to look at just this phone outside the context of other announcements the Essential Home speaker and its Ambient OS.
    a simple straightforward Android device that respects the user powerful clean and not entirely beholden to the business whims of the giant companies that currently control the mobile and smart home markets.
    A solid team working on an interesting project which hit fit should be able to raise a few million dollars or if you prefer a couple of thousand bitcoin and then once their success is proven they might sell another tranche of tokens.
    It was too clunky too complicated too counterintuitive required jumping through too many hoops and dirty secret was that the mainstream solutions were in fact actually fine for most people.
    To quote my friend Shannon blockchain tech definitely seems like it has a adoption arc ahead of it going to be a bunch of doomed attempts to make it a consumer product while it gains dominance in vital.
    Last month a bridesmaid wore the code tag to collect gift money from guests at a wedding ceremony in Beijing triggering a verbal fight between the bride and her China Youth Daily and other Chinese media outlets reported.
    Mobile payments began to grow in China as people increasingly used social media platforms such as WeChat to distribute the red money envelopes known as hongbao in Mandarin or lai see in Cantonese to friends and relatives in the traditional Spring Festival.
    Xue Chengqi a researcher specialising in interface at Southeast University in Nanjing said the QR China success is partly due to efforts by large Chinese internet companies such as Tencent and Alibaba to bring capability to every vendor.

 

$ULTA Ulta Beauty Crushes Q1 Earnings, E-Commerce Sales Jump 70.9%

$ULTA Ulta Beauty Crushes Q1 Earnings, E-Commerce Sales Jump 70.9%

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Trending News Headlines
1. Amazon’s Brush With $1,000 Signals the Death of the Stock Split

Stock splits, once considered a way to keep shares affordable for mom-and-pop investors, are rare today as companies aspire to new heights.

2. First-quarter GDP revised up to 1.2 percent

U.S. economic growth slowed less sharply in the first quarter than initially thought, but the weakness was likely an aberration amid a strong labor market that is near full employment.

3. GEO Group (NYSE:GEO) Secures $664 Million In Federal Contracts

For the last year or so, the future of private prisons has been marked by uncertainty. Officials of the Obama Administration pushed to wean off contractors as overflow of federal…

Technology News
    The biggest companies use their scale to amass advertising dollars and give everything else away for free making it nearly impossible for smaller competitors to find sustainable business models.
    By integrating Kin into our chat app Kik we hope to spark the creation of a new ecosystem of digital services that is open sustainable and compelling.
    a path that provides an alternative to an otherwise inevitable future in which a tiny number of companies control all of the digital services that are most important in our lives.
    For comparison even in a relatively weak period Apple sold million much costlier iPhones in just days last quarter and the combined total sales of the far more prevalent Android phones no doubt were much greater.
    It reminds me of a great Saturday Night Liveskit from where cast member Fred Armisen playing Steve Jobs shows off an series of iPods finally producing a model literally invisible yet holds photograph ever.
    Their idea is that even if augmented reality gets built into standard eyeglasses and can impose sophisticated virtual objects onto real life it be seamless if you have to push buttons use touch controls or utter commands.
    Today Readdle makes it possible to Drag and Drop files on between its popular productivity apps Documents PDF Expert Scanner Pro and Spark.
    One of the iPad main productivity features that turns it into a powerful computing device according to Apple is its ability to have two applications running on the screen at the same time.
    Apple introduced a way for those two applications to interact but this stop our developers from finding a way to make cross app drag drop work.
    For comparison even in a relatively weak period Apple sold million much costlier iPhones in just days last quarter and the combined total sales of the far more prevalent Android phones no doubt were much greater.
    It reminds me of a great Saturday Night Liveskit from where cast member Fred Armisen playing Steve Jobs shows off an series of iPods finally producing a model literally invisible yet holds photograph ever.
    Their idea is that even if augmented reality gets built into standard eyeglasses and can impose sophisticated virtual objects onto real life it be seamless if you have to push buttons use touch controls or utter commands.
    Irish tech charity CoderDojo is to merge with the Raspberry Pi Foundation maker of the only computer in a move that will create the largest educational coding network globally.
    Executives from both organisations will jointly unveil the new partnership on Friday and the deal is expected to spur a quadrupling in the number of CoderDojo programming clubs for young people around the world by.
    Both organisations will retain their respective names and governance structures and implementation of the merger is expected to be completed by the end of this year subject to approval by the Charities Regulatory Authority.
    Uber and Lyft fiercely opposed the rules gathering petition signatures to force a public vote and spending nearly million on an unsuccessful campaign asking voters to overturn the regulations.
    Following the passage of the bill in both chambers Austin Mayor Steve Adler issued a statement saying he was disappointed the Legislature voted to nullify regulations the city had implemented.
    Our city should be proud of how we filled the gap created when Uber and Lyft left and we now must hope that they return ready to compete in a way that reflects values Adler wrote.
    For comparison even in a relatively weak period Apple sold million much costlier iPhones in just days last quarter and the combined total sales of the far more prevalent Android phones no doubt were much greater.
    It reminds me of a great Saturday Night Liveskit from where cast member Fred Armisen playing Steve Jobs shows off an series of iPods finally producing a model literally invisible yet holds photograph ever.
    Their idea is that even if augmented reality gets built into standard eyeglasses and can impose sophisticated virtual objects onto real life it be seamless if you have to push buttons use touch controls or utter commands.
    Two years ago payments startup Stripelaunched a new product called Stripe Connect to serve a growing number of marketplace customers.
    The second big addition to Stripe Connect is a new onboarding flow called Express which customers can use to get sellers and service providers signed up to receive payments.
    That not only shortens the time it takes for service providers to get paid but it also removes a step in the onboarding process for the marketplace company.
    For comparison even in a relatively weak period Apple sold million much costlier iPhones in just days last quarter and the combined total sales of the far more prevalent Android phones no doubt were much greater.
    It reminds me of a great Saturday Night Liveskit from where cast member Fred Armisen playing Steve Jobs shows off an series of iPods finally producing a model literally invisible yet holds photograph ever.
    Their idea is that even if augmented reality gets built into standard eyeglasses and can impose sophisticated virtual objects onto real life it be seamless if you have to push buttons use touch controls or utter commands.
    Our portfolio company Kik announced some big news today.
    Kin will power a digital economy inside of the Kik app.
    With millions of users Kik will drive mainstream consumer adoption of Kin establishing fundamental value for the cryptocurrency.

 

Tesla could be worth ‘multiples’ of current $50 billion market cap by 2020 | $TSLA and More

Tesla could be worth ‘multiples’ of current $50 billion market cap by 2020 | $TSLA and More

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1. DE:$DE Deere & Co Q2 17 Earnings Results: -EPS: $2.49 -Revenue: $7.26B

 

Trending News Headlines
1. T-Mobile sees benefits in merger with Sprint: CFO

T-Mobile US Inc (TMUS.O) would benefit from greater scale in the industry if it were to combine with rival Sprint Corp (S.N), the chief financial officer of the No. 3 wireless carrier said at a conference on Thursday.

2. OPEC panel looking at deepening, extending oil cuts: sources

An OPEC panel reviewing scenarios for next week’s policy-setting meeting is looking at the option of deepening and extending an OPEC-led deal to reduce oil output, OPEC sources said on Friday.

3. Full tanks and tankers: a stubborn oil glut despite OPEC cuts

After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks.

Technology News
    vote also opens up a broad inquiry into what if any protections the FCC should add to replace the outgoing net neutrality rules.
    His hope is that by deregulating internet providers and removing restrictions on business models like the creation of fast and slow lanes ISPs will have more incentive to build out their networks and reach new customers.
    During the meeting Pai read letters from smaller internet providers claiming they had slowed network expansion because of the Title II regulations.
    Joining the protest were members of advocacy groups including Free Press the American Civil Liberties Union Common Cause the Electronic Frontier Foundation Fight for the Future and the National Hispanic Media Coalition.
    The cable industry top lobby group placed a ad in The Washington Post this week pledging that its members will not block throttle or otherwise impair your online activity.
    On the plus side for consumers eliminating the common carrier classification could give the Federal Trade Commission authority to regulate ISPs and enforce its rules against unfair or deceptive practices.
    We have any passwords for these accounts therefore these users are at zero risk both within Zomato as well as on Google and Facebook and any other services where the same ID is being used to log in.
    The reason reading this blog post is because of a recent discovery by our security team about million user records from our database were stolen.
    be further enhancing security measures for all user information stored within our database A layer of authorisation will be added for internal teams having access to this data to avoid the possibility of any human breach.
    Consensus is that hit a tipping point and the retail industry is finally seeing some major collateral damage from monster growth and news has started giving this a lot of coverage.
    They are thumbing through their income statement and picking off the largest categories to first technology AWS then fulfillment FBA then COGS the actual products themselves via various private label programs and next shipping.
    This has spawned a whole ecosystem of tools called which use the MWS API to automatically respond to price changes in order to maximize sales for the Marketplace seller the WSJ published a great piece on this back in March aptly likening it to trading.